🌐 Global News – June 18, 2025: Middle East Crisis, G7 Tensions & Economic Ripples

🔥 Middle East: Israel–Iran Conflict Escalates

• June 18 saw Israel conduct a massive air assault—over 50 fighter jets struck Iranian military infrastructure, including a centrifuge production plant near Tehran, aiming to disrupt the nation’s nuclear and missile capabilities :contentReference[oaicite:0]{index=0}.
• Iran retaliated with ~30 missiles, hypersonic weaponry, and drones, prompting stern warnings from Ayatollah Khamenei against any U.S. intervention, describing such action as risking “irreparable damage” :contentReference[oaicite:1]{index=1}.
• The conflict, now in its sixth day, has already resulted in hundreds of casualties—primarily Iranian—and triggered Iranian missile strikes inside Israel, affecting civilian zones in Tel Aviv :contentReference[oaicite:2]{index=2}.

🌍 G7 Summit: Climate Crisis Amidst Security Storm

• The G7 Summit in Kananaskis (June 16–18) adopted the Kananaskis Wildfire Charter, committing to shared fire-management strategies amid increasingly frequent climate disasters :contentReference[oaicite:3]{index=3}.
• But the Israel–Iran war overshadowed discussions. U.S. President Trump left early, disrupting unity and leading to no joint statement on Ukraine or climate commitments :contentReference[oaicite:4]{index=4}.

💹 Markets & Economy: Risk Off, Commodities Surge

• Oil surged amid supply fears, with Brent hovering around $75/barrel :contentReference[oaicite:5]{index=5}.
• Safe-haven assets like gold, U.S. Treasuries, the Swiss franc, and the U.S. dollar rose sharply :contentReference[oaicite:6]{index=6}.
• Emerging-market bonds saw renewed inflows, driven by flight-to-safety movements amid heightened global risk.

🚨 Russia–Ukraine: War Flares Again

• Russia launched missile and drone strikes on Kyiv, killing around 28 civilians and injuring 130+, marking the deadliest Russian assault since winter :contentReference[oaicite:7]{index=7}.
• G7 leaders failed to issue a unified condemnation due to U.S. resistance, although Canada pledged approximately $1.5 billion in military aid to Ukraine :contentReference[oaicite:8]{index=8}.

🔮 Outlook: Multi‑Layered Global Crisis Ahead

⚡ Final Insight

June 18 has marked a turning point—wide-ranging military strikes, climate emergency discussions derailed by war, economic tremors across markets, and fractured global coordination. The decisions made now—whether on diplomacy, defense spending, or environmental action—will shape the global order in the months ahead.