Oil Giants Report Huge Profits Due to Rising Gas Prices from Iran War

In business news, oil firms are reporting their highest quarterly profits in years due to rising gas prices caused by the U.S. and Israeli war on Iran. Over the past three months, ExxonMobil made over $14.5 billion, Chevron made $12 billion, and Shell made nearly $10 billion. www.democracynow.org

Iran Clams Drone Attack on Egypt May Have Been False Flag

Iran has denied involvement in the recent drone attack on Egypt’s Damietta Port. Iranian Foreign Minister Abbas Araghchi said Israel might have carried out a false flag operation aiming to undermine regional peace. www.democracynow.org

Saudi Arabia Forms New Military Alliance After Red Sea Attacks

Saudi Arabia is forming a new military alliance with 13 other countries to protect shipping in the Red Sea. This comes after Houthi forces in Yemen have targeted Saudi vessels in the Red Sea. www.democracynow.org

Senate Votes Down Iran War Powers Resolution After Fetterman Votes with GOP Majority

On Capitol Hill, the Senate has voted down a war powers resolution to limit President Trump’s authority to wage war against Iran. The vote was 50 to 49. Democratic Senator John Fetterman of Pennsylvania voted with Republicans to defeat the measure. Three Republicans joined Democrats. www.democracynow.org

Trump Claims Hamas Has Agreed to “Complete Disarmament” in Gaza, But Major Questions Remain

President Trump announced that Hamas and other armed groups have agreed to a roadmap to disarm. On Thursday, Trump wrote, “Today the Board of Peace reached a HISTORIC agreement for the COMPLETE DISARMAMENT of Hamas and all other armed groups in Gaza.” As part of the deal, Trump said Israel will also gradually withdraw from Gaza, but Israel has not publicly said it has agreed to the plan. Meanwhile, Hamas officials said that any weapon handover would only occur after Israel withdraws its forces, ceases its attacks and allows humanitarian aid into the enclave. Displaced residents in Gaza expressed doubt that Israel would withdraw its troops. Samir Ayad: “I call on Mr. Trump, the president of the United States, to pressure Israel to withdraw completely from the Gaza Strip, so that we can live a dignified life and return to our homes, and also in the reconstruction, to speed up the reconstruction for the people, because we have been suffering for three years. We are living in tents.” Israel has killed more than 1,200 people in Gaza since the so-called ceasefire went into effect 10 months ago. Earlier this week, Doctors Without Borders said, “This is not a ceasefire. It is a continuation of the genocide, calibrated to be violent enough to keep Palestinians suffering every day, yet silent enough to avoid stirring international outrage.” www.democracynow.org

“Digital Doppelgangers”: Naomi Klein Corrects the Record on Viral AI-Generated Quote

https://www.democracynow.org/2026/7/31/naomi_klein_ai_quote

“Zero Accountability”: Ecuadorian Prosecutor Assassinated While Investigating U.S. Boat Strikes

https://www.democracynow.org/2026/7/31/ecuador_boat_strikes_prosecutor_killed