Britain has paused the planned handover of the Chagos Islands to Mauritius after US President Donald Trump publicly condemned the agreement as a 'big mistake' and 'an act of great stupidity.' The legislation required to enact the deal will not appear in the UK government's upcoming parliamentary schedule, according to The Times. Prime Minister Keir Starmer's office confirmed London is still seeking Washington's formal endorsement before proceeding. The original agreement would have transferred sovereignty of the archipelago to Mauritius while granting Britain a 99-year lease over Diego Garcia, the strategically critical joint US-British military base in the Indian Ocean. Washington's operational equities at Diego Garcia make its approval a hard prerequisite, effectively giving the US a veto over any transfer. The standoff sits within a broader deterioration between Starmer and Trump, compounding disputes over British air base access during US strikes and Trump's pointed criticism of the UK leader personally. Mauritius Attorney General Gavin Glover attributed the delay directly to that bilateral strain, while Foreign Minister Dhananjay Ramful vowed to pursue diplomatic and legal avenues to complete the transfer. Indigenous Chagossians, forcibly displaced from the islands by Britain in the late 1960s and 1970s, remain without resolution. Discussions between Mauritius and British officials are scheduled for later this month, but no revised timeline for the deal has been signaled.
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.