Top 10 international news - July 3 2025। Heatwave Crisis, Russia Strikes, India - US Trade Hopes & More

 1. Oil Prices Retreat on US Tariff Uncertainty & OPEC+Output Plans

Oil markets cooled after a 3% gain with Brent Crude at $68.58/barrel and WTI at $66.94/barrel. The decline was triggered by investor concerns over potential reinstated US tariffs after the July 9 pause ends and expectations that OPEC+will boost output by 411000 bpd at its upcoming meeting.

Source :Reuters

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2. Indian Rupee Gains on Hopes India US Deal Weak US Jobs Data

The Indian rupee strengthened modestly (85.60-85.64 per USD) due to optimism over a possible India US Trade agreement before the July 9 tariff deadline and following weaker US private payroll data boosting rate cut expectations. 

Source :Reuters

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3. US Dollar Holds Near Multi-Year Lows Ahead of Payroll Report 

The dollar remained close to a 3½years low amid stabilized equities and anticipation ahead of U.S jobs data. Trade deal hopes with Vietnam and a slowdown in global growth prompted a cautious market tone. 

Source :Reuters 

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4. Massive Explosion at California Fireworks Facility Leaves Seven Missing 

A devastating blast at a fireworks warehouse in Esparto, California has left seven people missing and two injured. The explosion ignited fires over a 78-acre, prompting mass evacuations and a complex investigation. 

Source :Reuters 

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5. Wildfires Force 1500+ Evacuations in Crete Amid Heatwave 

Europe's heatwave drove wildfires across Crete, Greece and Turkey. Over 1500 residents were evacuated on Crete as flames spread with similar fire outbreaks reported in Halkidiki and Izmir. 

Source :The Guardian

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6. Richard Gere Pledges Lifelong Support for Tibetan Cause 

Actor Richard Gere, a long time Advocate, vowed "many lifetimes of commitment" to the Tibetan cause at the Dharamshala International Tibet Youth Forum, stating the global community must continue advocacy after the Dalai Lama . 

Source :Reuters 

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7. Catholic Church Introduces "Mass for the Care of Creation" 

The Vatican unveiled a new liturgical rite permitting priests to offer a dedicated "Mass for the Care of Creation". This follows Pope Leo's push for environmental stzwaedship through faith. 

Source :Reuters 

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8. Japan Announces Biggest Wage Hike in 34 Years 

Japanese labor unions secured an average wage increase of 5.25%, the highest in over three decades, marking the third successive year of significant pay rises amid inflation and labor. 

Source :Reuters

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9. Germany Urges Swift US Tariff Pact as Deadline Looms

German Chancellor Friedrich Merz urged the EU to reach a deal with the US before the July 9 tariff deadline for safeguard industries like automotive, steel and pharmaceuticals from global economic fallout. 

Source :Reuters 

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10. Russian Attack Kills Two in Poltava, Ukraine 

A Russian drone strike on Poltava killed two people and injured 11,striking a military recruitment office and nearby residential area. Ukrainian officials called for enhanced air defences support from allies. 

Source :Reuters 

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SUMMARY 

Today's headlines reflect global geopolitical and economic challenges :Europe burns under extreme heat, markets remain volatile, initiatives arise around climate and faith and the shadow of war persists. From South Asia's employment and currency shifts to structural reforms in the Pacific these are the stories shaping our world today. 























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