Daily News Summary – 2026-07-12 – en

July 2026 brought renewed attacks in the Strait of Hormuz, ongoing body recovery in Gaza, and UN warnings about Iran's nuclear program amid a cascade of global crises.

NATO allies pledged €70 billion in military aid for Ukraine and announced a $40 billion counter-drone initiative, as President Trump declared the Iran ceasefire over.

The EU AI Act enters full enforcement for high-risk AI systems with penalties up to €35 million or 7% of global turnover, forcing companies to comply.

The United States launched strikes on over 140 Iranian military targets after Iran closed the Strait of Hormuz, escalating the conflict.

The Strait of Hormuz crisis deepened as US and Iran exchanged military strikes following Tehran's closure of the vital waterway.

The EU AI Act deadline highlights a regulatory trilemma between the EU, US, and China, forcing companies to choose sides.

The U.S. Senate passed a four-year ban on a Federal Reserve-issued CBDC, while the GENIUS Act regulated private stablecoins.

The global semiconductor industry has split into two geopolitical ecosystems, with TSMC-led allies and China's domestic push, raising costs and reshaping the $975 billion market.

The U.S. expanded export controls on semiconductor equipment and EDA software, accelerating the fragmentation of the global chip supply chain.

The US launched a third wave of strikes on Iran after the IRGC attacked a container ship and declared the Strait of Hormuz closed, with oil prices surging.