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U.S. wholesale sales rose 3.4% MoM in May, the largest increase since January 2022.

2026-07-08

U.S. wholesale sales rose 3.4% MoM in May, the largest increase since January 2022.

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2026-07-08

The Secretary-General of the Gulf Cooperation Council said the attack on the Saudi oil tanker reflects the continuation of Iran's hostile practices.

The Secretary-General of the Gulf Cooperation Council said the attack on the Saudi oil tanker reflects the continuation of Iran's hostile practices.
2026-07-08

1. A “Strong Commitment” to Collective Defense – Member states reaffirmed their commitment to Article 5 of the North Atlantic Treaty, which states that “an attack on any Member State is considered an attack on all Member States.” 2. Increased Europe

1. A “Strong Commitment” to Collective Defense – Member states reaffirmed their commitment to Article 5 of the North Atlantic Treaty, which states that “an attack on any Member State is considered an attack on all Member States.” 2. Increased European Investment – The statement noted that European allies and Canada have increased their defense spending by over $139 billion by 2025. Despite this, US President Trump harshly criticized defense spending during the summit, calling the US contribution “disproportionately high.” 3. Commitment to Ukraine – The statement focused heavily on addressing the threat from Russia and maintaining strong support for Ukraine. It emphasized that European allies and Canada “currently bear the vast majority of the financial burden of security assistance to Ukraine through bilateral and multilateral channels.” Furthermore, allies agreed that this support “must be equitable, predictable, and sustainable in the long term.” 4. Iran – The statement noted that “allies reaffirmed that Iran must never possess nuclear weapons and called on Iran to fully respect freedom of navigation in the Strait of Hormuz.” 5. Defense Manufacturing Capabilities – The statement added that at the NATO summit, allies announced “new procurement plans totaling more than $50 billion and pledged to expand collective manufacturing capabilities while working with industry to accelerate innovation.”
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