Iranian President Pezeshkian said the world has been surprised by Iran's "resistance, unity and cohesion."

China Maritime Safety Administration’s Zhanjiang office issued a navigation warning that parts of the South China Sea will be closed for live-fire exercises and prohibited to enter daily from 08:00–18:00 on Aug 24–28.

U.S. 50% tariffs on Canadian imports took effect Saturday and Ottawa has threatened reciprocal measures. Tariffs on imports mean some costs will be borne by U.S. importers and are likely to lift consumer prices; targeted retaliation — possibly against autos — could further pressure manufacturing and inflation. Analysts warn the policy’s unpredictability and risk of tit-for-tat escalation could cut investment and slow activity for firms operating on the U.S.-Canada border. The administration eased beef import tariffs this week, effectively acknowledging trade policy has pushed up domestic prices. Separately, U.S. gross debt hit $40 tln this week, adding market stress and pushing Treasury yields higher, while the Iran conflict is lifting fuel costs and weighing on global growth.