Iran bets it can outlast the US

Reuters Daily Briefing <dailybriefing@thomsonreuters.com>
To: news@emailtest.eu

2026-08-03 13:03

Daily Briefing

By Kate Turton

Hello. Iran is widening its pressure campaign to force US concessions, Myanmar's detained former leader Aung San Suu Kyi meets a Red Cross official amid concerns over her health, and why India's ‘cockroach’ youth turned on Modi.

Plus, how a US-Japan pact to hit yen speculators came together.

Today's Top News

A banner with a picture of US President Donald Trump next to an Iranian missile system at Azadi Square in Tehran. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Iran is betting it can outlast Washington by turning the Middle East's trade routes, shipping lanes and energy infrastructure into pressure points that steadily raise the cost of confrontation, according to Gulf officials and analysts.Tehran denied that talks with the US were underway, contradicting US President Donald Trump, who cited the talks as justification for calling off further US attacks.
Acting US Attorney General Todd Blanche rescinded an order establishing the "anti-weaponization" fund, paving the way for his confirmation ahead of a key Senate committee ‌vote after Republican senators stalled his nomination over concerns about the fund, which critics have derided as a slush fund for Trump's supporters.
Capital One Financial hit back against a lawsuit over its decision to close ‌the Trump Organization's bank accounts years ago, stating that it did so after a review by anti-money laundering experts.
Ahead of a battle for a Senate seat in Michigan, Congressional reporter Richard Cowan tells the Reuters World News podcast how candidates represent a divided Democratic party on Israel. Listen now.
Two firefighting helicopters collided in Greece while helping to control a huge wildfire that has destroyed more than 100 homes northwest of Athens, while people fled another blaze on the tourist island of Kefalonia.
Myanmar's detained former leader Aung San Suu Kyi met with a representative of the International Committee of the Red Cross, after years of questions over ‌the health and well-being of the 81-year-old Nobel Peace Prize winner.
Gianni Infantino’s hopes of extending his FIFA presidency may rest less on winning back soccer's traditional powers than on calling in favors from the many small and emerging nations that rely ‌heavily on the world governing body's largesse.

Business & Markets

A joint US-Japanese effort to fight off speculative bets against a battered yen last week followed months of preparation by the two nations and a rare and public alignment of interests in Washington and Tokyo over exchange rates.
Federal Reserve Bank of New York President John Williams said he remained optimistic that inflation pressures are on track to ease gradually, but warned that if they don’t the US central bank will not hesitate to respond with rate hikes to ensure price pressures return to target. Read our exclusive..
SpaceX's first earnings report since its record-breaking IPO will provide an early gauge of whether Starlink's profits can sustain the company's rapidly growing spending on AI and space ventures.
Planemakers, airlines and repair shops are conserving aircraft windows after an incident at a key California factory worsened shortages of a part needed for both new aircraft and routine ‌maintenance, companies and industry sources said.
Novo Nordisk investors have found little cause for optimism during a bruising two-year period of profit warnings, leadership upheaval and a sliding share price as rival Eli Lilly streaked ahead. Now they may have reason for hope.

How India’s employment exams turned its ‘cockroach’ youth against Modi

Protesters celebrated the resignation of Education Minister Dharmendra Pradhan in New Delhi on July 25. REUTERS/Adnan Abidi

A farmer’s son fell short of an elite government job after attempts that burned through family savings, while a housekeeper’s daughter saw her hopes of attending medical school dashed. When their disillusionment collided with the broader frustrations of India’s middle class, tens of thousands took to the streets to challenge the country’s exam system.

Read more

And Finally...

Apple's CEO Tim Cook and Senior Vice President Hardware Engineering John Ternus join Ted Lasso" cast members at the Academy Museum. REUTERS/David Swanson

The Emmy-winning, feel-good soccer comedy "Ted Lasso" returns this week to Apple TV for a fourth season. This time, the folksy American coach heads back to London to help a team of ‌female athletes believe in their own greatness.

Lasso brings his unfailing optimism as he takes command of AFC Richmond's Lady Greyhounds, a second-division squad facing challenges familiar in women's sports.

Read more

Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website

Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.

Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here.

This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement.

Terms & Conditions