Written as it happened, and updated as it developed.
The US and Canada have been in stalled trade talks, with Washington threatening to raise tariffs (taxes on imported goods) on Canadian products to 50%.
The Strait of Hormuz is a narrow waterway between Iran and Oman that much of the world's oil passes through.
The US Treasury has sanctioned International Criminal Court President Tomoko Akane and a senior court lawyer, the deepest blow yet in an American campaign against the court, which the administration has vowed to dismantle "brick by brick."
Iran's parliament speaker said Tuesday that forces will keep the Strait of Hormuz, a narrow sea passage that much of the world's oil ships through, closed until the US meets terms from an earlier agreement.
The European Commission wants to update the EU's tobacco tax rules for the first time in ten years, raising cigarette taxes and taxing vapes, heated tobacco and nicotine pouches across the EU for the first time.
The European Central Bank says a sharp fall in seven dominant US tech stocks, known as the 'Magnificent Seven,' could damage the eurozone's financial system, not just American markets.
President Trump said the US would bomb Oman if the Gulf country 'gets in the way' over the standoff with Iran, the BBC reports.
Latvia's prime minister, Andris Kulbergs, has asked the European Union for 7 billion euros to help cover costs from Russia's war against Ukraine, saying countries near Russia carry too much of that burden.
News outlets report that Russia has built about ten new drone bases along its borders with Ukraine and Belarus, which could put NATO member Poland, including its capital Warsaw, within reach of drone strikes.
Ukraine's drones destroyed the largest warehouse of Wildberries, Russia's biggest online retailer, near Moscow overnight on 15-16 August, the biggest drone attack of 2026.
Kaja Kallas, the European Union's top foreign policy official, has called for a big expansion of the EU's sanctions against Russia.
President Trump ordered the Pentagon to reduce planned joint military exercises with South Korea, an ally the US has long worked with to deter North Korea.