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Russia launched its largest drone and missile attack on Ukraine

Ukrainian authorities reported the assault as Moscow accused Kyiv of rejecting peace efforts. The attack focused on disrupting Ukraine’s military supply lines, with significant damage reported in the Zaporizhzhia region. President Volodymyr Zelenskyy indicated openness to compromise for a ceasefire. Russia’s demands include Ukraine ceding the entire Donbas region.

Over 500,000 people protested in Tel Aviv, Israel

The crowd was demanding an end to the Gaza war and a hostage release deal. The demonstrations, part of a nationwide stoppage, saw over a million participants across the country. Families of hostages, including Lishay Miran-Lavi, whose husband Omri has been held for 681 days, called for urgent action. Israeli Prime Minister Benjamin Netanyahu criticized the protests, claiming they delay hostage releases.

Israel announced plans to relocate Gaza residents

The military will provide tents and shelter equipment to ensure civilian safety. The relocation precedes a planned offensive to seize northern Gaza City, described as a Hamas stronghold. The move has sparked international concern over the fate of Gaza’s 2.2 million residents. Prime Minister Benjamin Netanyahu emphasized the operation targets only combatants.

U.S. producer prices surged in July

This marks the strongest increase in several months and adding pressure to forecasts for inflationary trends. Economists caution that the uptick could influence Federal Reserve decisions on interest rates. The rise was largely attributed to elevated costs in manufacturing and energy sectors. Analysts warn this could complicate efforts to temper consumer price growth. Market watchers remain alert to data ahead from upcoming economic reports.