Globe at a glance: From India slamming Pak at UN to Vance rebuking Israeli critics

Vance rebukes Israeli critics: US Vice President JD Vance defended the US-Iran peace deal and criticised Israeli hardliners opposing it, arguing that military force alone cannot solve security challenges. He urged Israel to trust Washington’s diplomacy, calling the US its most important and reliable ally.

Khamenei approves Iran-US agreement: Iran’s Supreme Leader Mojtaba Khamenei said he approved the memorandum of understanding signed with the United States despite personal reservations, after receiving assurances that Iran’s rights and the interests of the “Resistance Front” would be protected. He stressed the deal does not signal acceptance of Washington’s positions.

India-US trade deal in final stages: India and the US are in the final stages of negotiating an interim trade agreement, the Ministry of External Affairs (MEA) said after Prime Minister Narendra Modi’s meeting with President Donald Trump at the G7 Summit. Both leaders directed officials to expedite talks, with US Trade Representative Jamieson Greer set to visit India next week.

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India slams Pakistan: India strongly rejected Pakistan’s allegations and the OIC’s references to Jammu and Kashmir at the United Nations. First Secretary Anupama Singh accused Pakistan of spreading propaganda to conceal domestic failures and support for terrorism, while misusing its role within the OIC framework.

Times Square shooting: Gunfire erupted in New York’s Times Square on Thursday afternoon, triggering panic among tourists and commuters. Police quickly detained one suspect and recovered a firearm after a dispute escalated into a shooting. Initial reports said no deaths were reported, though authorities continue to investigate.

US gas prices fall: The average US gasoline price fell below $4 per gallon for the first time since March, offering relief to consumers. Lower energy costs were driven by the US-Iran peace deal and the resumption of oil flows through the Strait of Hormuz, though prices remain above pre-war levels.

Cuba moves toward market economy: Cuban Prime Minister Manuel Marrero unveiled more than 175 economic reforms that would privatize parts of the economy, permit private banks and real-estate development, and allow sales of state assets. If approved, the measures would mark Cuba’s biggest shift toward a market economy since the 1959 revolution.

The big number: Nifty is closing in on a crucial technical milestone. The benchmark index has rallied sharply and is now approaching its 100-day moving average near 24,250, while India VIX has fallen to a multi-month low.

Quote of the day: "India is compelled to exercise its right of reply in response to references made to it by Pakistan and the Organisation of Islamic Cooperation. We categorically reject the baseless and malicious allegations made by Pakistan. We also categorically reject the references to J&K made by the OIC. Pakistan's propaganda is designed to mask its domestic failures and support for terrorism."

- First Secretary at the Permanent Mission of India to the United Nations, Anupama Singh

This day in history: On this day in 1885, The Statue of Liberty arrived at its permanent home on Bedloe's Island in New York Harbour.