Pierpaolo Piccioli’s couture debut reimagines Balenciaga in his own colourful image

• The Trump administration revoked a sanctions waiver for Iran’s oil industry on Tuesday, reversing a key concession from a temporary cease-fire agreement reached last month. • The waiver had previously allowed Iran to resume global oil sales as an incentive to ensure the success of a nuclear development accord.

• President Trump is implementing a second-term foreign policy approach focused on reassessing and restructuring the U.S. alliance system. • The administration is prioritizing key strategic areas, including burden sharing, defense, deterrence, diplomacy, and the strengthening of the U.S. economic base.

• The NATO Summit in Ankara highlighted a strategic shift toward "Alliance 3.0," emphasizing the need for Europe to assume greater defense responsibilities as U.S. priorities evolve. • The analysis argues that the U.S. has not provided sufficient long-term support to Ukraine, which is viewed as the most effective way to weaken Russia's military capabilities.

• A commercial oil tanker caught fire after being struck by a projectile while transiting the Strait of Hormuz off the coast of Limah, Oman. • The British military reported the incident on Monday, though no injuries were reported following the attack.

• President Trump criticized European allies during a NATO summit for their failure to join the war in Iran and labeled Spain as "hopeless." • During the meeting, Trump reiterated his interest in acquiring control of Greenland, adding tension to the diplomatic proceedings.

• NATO allies are lowering their expectations for the current summit following an aggressive and critical entrance by U.S. President Donald Trump. • The atmosphere remains tense as Trump's grievances and posturing cast a shadow over the diplomatic proceedings, though officials note his behavior is not unexpected.

• Leaders from NATO's 32 member states are convening for a two-day summit in Ankara, Turkey, on July 7 and 8. • Secretary General Mark Rutte stated that the primary objective of the talks is to ensure the military alliance "continues to deliver" on its security commitments.

• NATO Heads of State and Government convened at the Presidential Complex in Ankara on July 7–8, 2026, for a two-day summit. • Pro-government media outlets have framed the event as a major diplomatic victory, emphasizing President Erdoğan’s leadership and Türkiye's rising global influence.

• Former President Donald Trump criticized NATO for its perceived lack of support during the conflict in Iran. • Ukrainian President Volodymyr Zelensky urged the alliance to make a "strong decision" to provide further assistance in the fight against Russia.

• NATO Secretary General Mark Rutte stated that U.S. President Donald Trump remains "completely committed" to the alliance, despite recent threats to withdraw American troops from Europe. • The comments follow renewed tensions as Trump has revived calls to take control of Greenland and questioned the value of current NATO security arrangements.

• NATO leaders are convening for a summit in Ankara to address critical security challenges and alliance cohesion. • The agenda focuses on six key issues, including defense spending targets, the ongoing conflict in Ukraine, and Middle East security following tensions with Iran.

• NATO will convene for a summit in Ankara in 2026 to discuss critical issues including defense spending, military readiness, and ongoing support for Ukraine. • Beyond formal agendas, the summit focuses on industrial resilience, recognizing that modern deterrence requires sustained production capacity and financial strength.