The Middle East conflict has entered another dangerous phase as the United States launched its 12th consecutive night of strikes targeting Iranian military infrastructure. President Donald Trump declared that Iran is "not ready to make a deal," while insisting Tehran will eventually agree under mounting military pressure.

Meanwhile, Yemen's Houthi rebels claimed responsibility for attacks on Saudi oil tankers in the Red Sea, intensifying fears over global shipping routes and energy security. Kuwait reported intercepting hostile drones, while the US House approved a $95 billion budget package supporting operations linked to the Iran conflict. The United States and Saudi Arabia also signed a landmark civil nuclear cooperation agreement. In South America, mass protests erupted in Argentina against President Javier Milei's austerity measures, while Tesla missed Wall Street expectations despite billion-dollar profits.

US hits Iran for 12th night | Trump says Iran not ready for deal | Houthis strike Saudi tankers

China is set to increase defense spending this year by 7.2%, saying the rise was needed to deal with "complex security challenges". Watch this report to know more.

China to increase defense spending by 7.2%

The burgeoning revenue expenditure makes it virtually impossible to make a substantially higher allocation to boost defence manufacturing.

Opinion: Why Defence Sector has no high expectation from Union Budget

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US hits Iran for 12th night | Trump says Iran not ready for deal | Houthis strike Saudi tankers

China to increase defense spending by 7.2%

Opinion: Why Defence Sector has no high expectation from Union Budget