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Iran rejects ‘snapback’ threat
Iran has rejected the threat by European parties to the nuclear deal to trigger the so-called snapback mechanism and re-instate UN Security Council sanctions against the country. Foreign ministry spokesman Esmail Baqaei says the move by France, Germany and the UK is illegal as they failed to fulfill their own obligations under the 20-15 agreement. Baqaei says they also failed to condemn the US attacks on Iranian nuclear sites that operated under international monitoring by the United Nations. According to the spokesman, the European trio is not entitled to activate the snapback mechanism. He slammed their threats as an unreasonable pressure campaign in line with Israeli interests. The Europeans have set an end-of-August deadline for Iran to enter talks on its nuclear program. Tehran sees this as a deal-breaker and a breach of its rights under the nuclear deal and international law.

US-Israel Gaza genocide 

More civilians are killed in Gaza as Israeli forces continue their relentless assaults across the besieged Palestinian territory, with hungry Gazans at aid distribution centers becoming an easy target for the Israeli military. The al-Zaytoun neighborhood of Gaza City remains under nonstop Israeli shelling. A residential building west of the city was struck, killing three people. Overnight bombardment targeted the al-Daraj neighborhood also in Gaza City, where rescue teams recovered three bodies from under the rubble. In the al-Bureij refugee camp, three more were killed in Israeli airstrikes. A woman was killed and several others were injured when an Israeli missile hit a home in the Nuseirat refugee camp. This as the humanitarian crisis continues to worsen with more civilians dying from starvation or being targeted near aid distribution centers. The death toll from the ongoing Israeli genocide in Gaza is now near 62,000, with around 156,000 others injured since October 2023.

Israel economy slumps

Israel’s economy shrank sharply last quarter as its brief but devastating aggression against Iran led business activity, consumer spending, and foreign investment to decline. The economy contracted 3.5 % between April and June, the first decline since late 2023, when Israel’s genocidal war on Gaza triggered a 20.8 % collapse. The latest downturn followed a 12-day assault on Iran, which had immediate effect across Israeli economy as business output dropped, consumer spending slumped, and government investment declined. The hardest hit was foreign investment, which plunged 12.3 % in a sign of eroding confidence amid the regime’s endless wars. The wars have already cost Israel over $88.7 billion. The regime has also downgraded its 2025 growth forecast from 3.6 to 3.1 %, signaling deeper economic turmoil ahead.

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