President Donald Trump acknowledged a heated phone call with Israeli Prime Minister Benjamin Netanyahu, expressing frustration over the continued fighting in Lebanon.

Israel and Lebanon agreed to implement a ceasefire to end hostilities, the Trump administration said on Wednesday, in a boost to hopes for a broader deal to end the US-Israeli war on Iran.

Ukrainian drones struck an oil terminal and naval base in St Petersburg just hours before Vladimir Putin’s high-profile economic forum began. The attack highlights Kyiv’s expanding reach deep inside Russia as the war continues with no end in sight.

Saudi Arabia’s non-oil private sector recorded its strongest growth in three months during May, supported by rising domestic demand and smoother supply chains. However, businesses remain cautious as geopolitical tensions and inflation concerns continue to weigh on confidence.

Iran’s Revolutionary Guard says the country is more prepared than ever for a renewed conflict with the United States and Israel. The warning comes after attacks in Kuwait and fresh clashes around the Strait of Hormuz intensified regional tensions.

Russia launched a large-scale drone and missile assault across Ukraine, striking major cities including Kyiv and Dnipro. The attacks killed at least 18 people and caused widespread destruction as diplomatic efforts remain stalled.

India and the United States are close to finalizing the first tranche of a bilateral trade agreement, with officials saying 99% of the deal is complete. Only minor legal and technical adjustments remain as negotiations continue.

Lebanon has announced a limited ceasefire between Hezbollah and Israel aimed at reducing violence around Beirut and its suburbs. However, clashes continue in southern Lebanon, leaving broader regional peace efforts hanging in the balance.

The Foreign Ministry warned that the strikes endanger civilian safety and critical infrastructure, while reaffirming Kuwait’s right to defend its sovereignty.

The latest military escalation comes amid ongoing U.S.-led diplomatic efforts aimed at de-escalating the broader regional conflict involving Iran.

Despite an active ceasefire, the United States and Iran exchanged new military strikes over the weekend, highlighting the fragility of ongoing peace negotiations.

Iranian authorities are laying the groundwork for a "grand" funeral for slain supreme leader Ayatollah Ali Khamenei, official media reported Friday, following a lengthy postponement due to the Islamic republic's war with the United States and Israel.