US-Canada Trade War: Mark Carney says Canada will retaliate with counter-tariffs on $20bn of US goods from Sept 8 after the US imposed 50% levies, as talks collapsed and the feud escalates. Middle East Shockwaves: Iran’s president defends a US memo as “no war, no peace” diplomacy, while Washington prepares a new, harsher sanctions push; Gulf states face warnings over any role in isolating Tehran. Ukraine Security Front: NB8 leaders in Kyiv pledge continued support, including winter prep and protection of port infrastructure, while German FM Wadephul visits Kharkiv near the front line. EU Energy Politics: Spain and five other EU states urge an EU-wide tax on extraordinary oil profits tied to the Iran war, pushing for coordinated action at Ecofin. Climate and Trade Disruption: Europe’s heatwaves are drying major rivers like the Rhine, threatening inland transport, power and food supply. Arctic Shipping Pivot: South Korea’s first commercial container test via the Arctic heads to Europe, joining China’s regular Arctic service and signaling a new trade route race. Russia Sabotage Claims: Reports say Russia is targeting European arms production with sabotage, including a suspected arson case linked to drone manufacturing.