OPEC

The funeral procession for Iran's Supreme Leader Ayatollah Ali Khamenei began in Tehran on July 6, drawing massive crowds and calls for revenge. Hamas reportedly plans to dissolve its Gaza government to allow a technocratic panel, while the IDF struck a Hezbollah cell in southern Lebanon. Prime Minister Netanyahu rejected a claim by US Vice President Vance that Trump is Israel's only friend, asserting many nations seek ties. Dozens of Israeli activists were detained attempting to breach the Syrian border.

President Trump told Iran to 'just give up' and vowed to maintain the naval blockade until a nuclear deal is reached, as Brent crude surged past $117 per barrel and the UAE confirmed its exit from OPEC effective May 1. The IDF intercepted a Gaza-bound flotilla in international waters near Crete, while Hezbollah continued loitering-glider attacks on Israeli armor in southern Lebanon and the IDF struck over 30 Hezbollah sites. In London, police declared the stabbing of two Jewish men a terrorist incident, with an Iran-linked group claiming responsibility.