Mexican President Claudia Sheinbaum has publicly denied that a diplomatic crisis exists between Mexico and Spain over the longstanding dispute concerning Spanish colonisation and the conquest of Mexico. Sheinbaum characterized the tensions as never having reached crisis level, attempting to draw a line under a controversy that had grown increasingly thorny in bilateral relations. The row has historical roots but gained political salience in recent years after former President Andrés Manuel López Obrador demanded a formal apology from Spain for colonial-era abuses, a request Madrid rejected outright. Spain subsequently recalled its ambassador, marking a visible low point in the relationship. Sheinbaum's framing appears aimed at resetting the diplomatic tone without formally abandoning the underlying historical grievance. The practical consequence is a potential normalization of bilateral engagement, which affects trade, cultural ties, and Spanish investment exposure in Mexico. Observers should watch whether Spain responds in kind with reciprocal diplomatic gestures or whether unresolved historical demands continue to constrain the relationship.
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.