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Middle East

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In this episode of Ian Bremmer’s World in :60, Ian breaks down the latest on US trade tensions, Iran’s nuclear program, and Trump’s meeting with Netanyahu.

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UK Prime Minister Keir Starmer and Mayor of London Sadiq Khan leave the St Paul’s Cathedral, where a service of commemoration took place to mark the 20th anniversary of the deadly July 7, 2005, London bombings in which four suicide bombers targeted London's public transport system, in London, United Kingdom, on July 7, 2025.

REUTERS/Chris J. Ratcliffe

20: The United Kingdom today commemorates the 20th anniversary of the suicide bombings on London’s public transport services that killed 52 people and injured over 700 more. The four perpetrators were all UK citizens. Two had trained with al-Qaeda the previous year.

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The BRICS, a loose grouping of ten “emerging market” economies led by Brazil, Russia, India and China, held their 17th annual summit in Rio de Janeiro, Brazil, this weekend. While the official readout from the summit emphasized their commitment to multilateralism, the guestlist begged to differ. Five of the 10 leaders were no-shows, including Chinese President Xi Jinping and Russian President Vladimir Putin.

While the group’s declaration took aim at tariffs increases and recent attacks against Iran, it stopped short of mentioning the US or naming President Donald Trump directly. For more, here’s GZERO writer Willis Sparks’ explainer on why the BRICS are a bad bet.
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Iran, the clear loser of the 12-Day War, entered as the weakest player and came out weaker still. With Hamas degraded, Hezbollah decimated, Syria toppled, and Russia distracted, Tehran stood mostly alone. Yet its regime can claim survival, some damage inflicted on Israel, and at least partial preservation of its nuclear program—though the extent is unclear.

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Less than a month after Iran’s stunning defeat in a brief but consequential war with Israel and the United States, Prime Minister Benjamin Netanyahu has emerged politically stronger—at least for now. But as New York Times columnist Thomas Friedman notes to Ian in the latest episode of GZERO World, that boost may be short-lived unless Bibi finds a credible way to resolve the crisis in Gaza. “The people who won this war for Israel...were, for the most part, the very same people who were in the streets of Israel for nine months against Netanyahu and his judicial coup,” he says. That internal contradiction, he argues, is likely to reassert itself as the conflict continues.

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Hannah Sylvestre

Iran’s Supreme Leader faces a number of challenges in the wake of the devastating 12-day war with Israel, and the perennial weakness of Iran’s economy is chief among them. Economic mismanagement, corruption, and strict Western sanctions have sapped output, weakened the currency and contributed to high inflation for years. But the recent spike in tensions with the US and Israel has accelerated the collapse of the Iranian rial, which has halved in value against the dollar since the end of last year. Here is a look at how the Iranian Rial has performed against the greenback since 2022.

Listen: On the latest episode of the GZERO World podcast, Ian Bremmer sits down with New York Times columnist Thomas L. Friedman to dissect what may go down as the most consequential month in the Middle East in years. Just weeks after Israel launched a war against Iran—and after President Trump authorized US airstrikes—an uneasy ceasefire is in place. But what was actually achieved?

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