US-Iran Oil Deal: The US temporarily lifted sanctions on Iranian oil for 60 days (until Aug. 21), allowing sales including to US buyers, after “productive” talks in Switzerland and claims that IAEA inspectors could return; markets reacted with oil sliding more than 3% as Hormuz traffic picks up. Lebanon Ceasefire Under Strain: Israel fired on civilians in southern Lebanon, killing two, as Washington announced a new ceasefire monitoring mechanism and prepared another Israel-Lebanon round in Washington. Nuclear Inspections Clash: Trump said Iran agreed to “highest level” nuclear inspections “long into the future,” while Iran pushed back, saying inspectors won’t be able to access sites hit by US-Israeli strikes. Turkey Crackdown: Turkey seized six firms and appointed trustees to 10 in a fuel/LPG tax probe, while arresting 200+ suspects linked to ISIS and other groups ahead of the NATO summit. UN Rights Report: A UN inquiry says Israeli forces deliberately targeted Palestinian children, raising genocide and war-crimes allegations. Pakistan-Iran Outreach: Iranian President Pezeshkian arrived in Islamabad after US-Iran diplomacy, as Pakistan weighs how it could benefit from eased Iranian energy access. Energy Watch: Strait of Hormuz traffic is rising, but analysts warn the oil market may swing toward oversupply if diplomacy holds.