Key Developments

• NASA has postponed a mission intended to reposition a satellite using advanced robotic technology. • Amazon is progressing with its Low Earth Orbit (LEO) broadband satellite network to expand global internet access, while India's Skyroot Aerospace prepares for its first private rocket launch. • Scientific researchers have released new findings explaining the geological and climatic reasons why Antarctica froze before the Arctic.

• The fragile ceasefire between the United States and Iran has collapsed following a series of fresh military strikes from both nations. • The escalation was triggered by an attack on a commercial oil tanker located in the Strait of Hormuz. • This conflict resumes just two weeks after Washington and Tehran signed an interim agreement intended to end four months of fighting.

• The market valuation of six top firms rose by Rs 88,678.1 crore during a recent holiday-shortened week, driven by escalating tensions between the US and Iran. • These geopolitical developments are encouraging Foreign Institutional Investors (FIIs) to reconsider India as an investment destination, despite relatively weak corporate earnings. • The Indian Rupee has stabilized around the 94.40 level after hitting a recent low of 96.96 on May 15.

• An Ebola outbreak in the Democratic Republic of the Congo has resulted in 100 deaths out of 550 reported cases. • Ongoing regional conflict is significantly hindering medical response efforts and slowing the containment of the virus. • The situation is critical as instability prevents health workers from reaching affected populations and administering vaccines.