Iran’s UN Snub Sparks Global Oil Price Surge; Boat Tragedy Strikes Near Bali with 61 Missing – 7/3/2025, 6:21:07 AM

Latest World News as of July 3, 2025:

• Iran has halted cooperation with the UN nuclear agency, leading to increased concern over its nuclear activities. This development has contributed to a rise in global oil prices[1][5].

• Three Indian nationals have been kidnapped in Mali amid a surge in attacks by an Al Qaeda-linked terror group. India has expressed deep concern over these abductions, which reflect the deteriorating security situation in parts of West Africa[2].

• A boat sank near Indonesia’s Bali, with 61 people reported missing. Search and rescue operations are ongoing as authorities work to find survivors[2].

• Beijing has formally protested the arrest of two Chinese nationals in the United States on espionage charges. The US alleges the individuals were recruiting US Navy personnel for Chinese intelligence, which China dismisses as “hyping up” spy claims[2].

• King Charles has granted Prince William and Kate Middleton new royal powers, specifically the authority to issue Royal Warrants, recognizing suppliers to the royal family in the UK[2].

• In the United States, President Trump announced a new trade deal with Vietnam, stating that Vietnam will face a 20% tariff on exports to the US. Trump is also continuing his campaign to replace Federal Reserve Chairman Jerome Powell, criticizing Powell for not cutting interest rates[4].

• In Myanmar, a military fighter jet went missing during a night training mission, possibly due to technical malfunction or bad weather. Search efforts are underway[3].

• Singapore and Cambodia are expanding collaboration in renewable energy, carbon markets, and agri-trade, aiming for greater regional sustainability and economic integration[3].

These headlines reflect shifting dynamics in international diplomacy, security, and economic policy as of July 3, 2025.