Indonesia and the United States announced a new defense partnership during President Prabowo Subianto's engagement with Washington, pledging to broaden and deepen security cooperation between the two countries. The agreement arrives as Prabowo simultaneously maintains outreach to Moscow, underscoring Jakarta's enduring commitment to a non-aligned foreign policy that resists exclusive bloc alignment. Indonesia has historically pursued strategic autonomy, cultivating ties with competing great powers as a hedge against dependence on any single patron. The dual engagement, defense partnership with Washington, visit to Russia, illustrates the tension built into Indonesia's diplomatic posture: accepting bilateral security arrangements without foreclosing relationships that Western partners view as adversarial. For the US, the partnership represents an incremental gain in Southeast Asian security architecture, but its operational depth will be constrained by Jakarta's structural reluctance to be seen as firmly inside the American orbit. Investors and analysts tracking Indo-Pacific security corridors should watch whether the partnership produces concrete procurement, basing, or intelligence-sharing commitments beyond the declaratory level.
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.