Oil prices fell Tuesday as expectations of another OPEC+ production increase and the restart of crude exports from Iraq’s Kurdistan region via Turkey added to fears of a supply surplus. Traders said the developments reinforced pressure on global markets already concerned about weakening demand.

Gold prices climbed to a new high Tuesday, on track for their strongest monthly gain in nearly 16 years. Safe-haven demand surged as fears of a possible U.S. government shutdown grew, while expectations of further Federal Reserve rate cuts fueled investor interest in the precious metal.

Relatives of hostages held by Hamas expressed cautious optimism after U.S. President Donald Trump unveiled his Gaza plan in Washington following talks with Israeli Prime Minister Benjamin Netanyahu. Families said the proposal, which includes staged hostage releases and international oversight, offered a rare sign of progress but urged swift action.

Russia says it is analyzing whether Washington may supply Tomahawk cruise missiles to Ukraine, warning the move could sharply escalate the conflict. The long-range, precision-guided missiles, capable of striking targets 1,600 kilometers away, would allow Kyiv to hit deep inside Russian territory, challenging Moscow’s strategic advantage.

The U.S. dollar held firm Tuesday ahead of a possible government shutdown that could delay this week’s jobs report. Meanwhile, the Australian dollar strengthened after the Reserve Bank adopted a cautious stance on inflation, boosting expectations that policymakers may keep rates higher for longer.

At least 22,000 homes and businesses in Nezahualcóyotl, a suburb of Mexico City, have been impacted by heavy flooding since the weekend, Mayor Adolfo Cerqueda Rebollo said. Emergency crews are assisting residents as authorities work to contain water levels and prevent further damage in the densely populated area.

China Media Group (CMG) and the Institute of Strategic Studies Islamabad (ISSI) jointly organized a seminar on President Xi Jinping’s Global Governance Initiative (GGI), emphasizing a fairer international system. Chief Guest Murtaza Solangi, spokesperson for Pakistan’s President, called the initiative “a timely effort to reconnect a fractured global order” by promoting justice, equality, and shared…

China’s domestically developed AS700 civil manned airship successfully completed its maiden flight in Guizhou Province. The aircraft reached 1,200 meters, verifying stability and safety in low-altitude conditions above 1,000 meters. Officials said the achievement highlights China’s growing capabilities in developing advanced aviation technology for plateau and low-altitude operations.