This week, U.S. President Donald Trump threatened to impose strong economic sanctions against Russia ahead of an expected meeting with Russian President Vladimir Putin. In the Middle East, Israel’s State Security Cabinet approved a plan by Prime Minister Benjamin Netanyahu to take control of Gaza City, while the U.S. is set to take over aid operations in the Gaza Strip. In the Indo-Pacific, Trump imposed an additional 25% tariff on India for its purchases of Russian oil, while Thailand and Cambodia signed a ceasefire deal. In global trade, reciprocal tariffs against U.S. trading partners went into effect, with threats of additional tariffs remaining on several key partners, including the European Union.
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