NYT: Trump Holds Off on Ordering Major Escalation in Iran War

A "Rubbish, Knee-Jerk Reaction": UK Treasury Pushes Food Price Caps As Inflation Re-Accelerates UK supermarkets are being urged by the government to limit food prices in return for easing regulations. As first reported by The Financial Times, the price caps are 'voluntary' and would apply to key groceries – such as eggs, bread, and milk - according to retail industry sources with knowledge of the plans. In return, the government has said it would offer “incentives” to the supermarkets, which the people said could include easing packaging policies and potentially delaying costly...

Israeli airstrikes hit Gaza City on Thursday, killing at least two Palestinians, as Israeli attacks continue across Gaza in violation of the US-backed ceasefire deal. According to the Palestinian news agency WAFA, Israeli warplanes targeted civilians in Gaza City’s northeastern Tuffah neighborhood. On top of the two Palestinians who were killed, dozens more were injured. […]

"Save Every Drop Of Fuel": South Korea Tells Citizens To Conserve, Ride Public Transit Amid Energy Shock The Gulf energy shock is now hitting Asian economies with full force. In Seoul, President Lee Jae Myung on Thursday urged citizens to "save every drop of fuel," a new sign policymakers are moving quickly into crisis mode as the U.S.-Iran conflict raises the risk of nasty fuel shortages across some of Asia's most energy- and Hormuz-dependent economies. Lee told lawmakers in a parliamentary address about the urgent need to conserve fuel. He warned that...