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Less than a month after Iran’s stunning defeat in a brief but consequential war with Israel and the United States, Prime Minister Benjamin Netanyahu has emerged politically stronger—at least for now. But as New York Times columnist Thomas Friedman notes to Ian in the latest episode of GZERO World, that boost may be short-lived unless Bibi finds a credible way to resolve the crisis in Gaza. “The people who won this war for Israel...were, for the most part, the very same people who were in the streets of Israel for nine months against Netanyahu and his judicial coup,” he says. That internal contradiction, he argues, is likely to reassert itself as the conflict continues.
Friedman warns that Netanyahu still faces the same three unappealing choices in Gaza: permanent occupation, rule by local warlords, or a phased withdrawal in partnership with an Arab-led peacekeeping force and the Palestinian Authority. If he were to choose door number three, then Bibi would win the next five elections, Friedman says. But doing so would likely require pressure from Washington. With Trump now touting his foreign policy win in Iran, Friedman believes the moment is ripe for the US to push hard for a ceasefire in Gaza.
The conversation also explores the uncertain road ahead for Iran’s leadership. In the wake of military humiliation, Friedman anticipates an internal debate over whether to double down on nuclear ambitions or seek reintegration into the international community. “All real politics in the Middle East happens the morning after the morning after,” he says. As both Israel and Iran attempt to move forward, Friedman suggests the real reckoning—for governments, publics, and the global order—may just be beginning.
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Survivors of the KMP Tunu Pratama Jaya ferry sinking wait to be identified by officers at Gilimanuk port, after the ferry carrying 65 people sank near the Indonesian island of Bali, in Bali, Indonesia, July 3, 2025.
65: A ferry carrying 65 people sank near the island of Bali, Indonesia, late on Wednesday. Six people have died as a result, and authorities have now ceased the search for another 30 passengers. The remaining 29 have been rescued. Ferries are a major mode of transport in the Indonesian archipelago, but safety standards are notoriously lax.
25: The South American trading bloc Mercosur will meet this weekend to discuss something that has been under discussion for 25 years: a trade deal with the European Union. The two blocs reached a deal in principle last year, but the EU has yet to ratify it due to opposition from France – specifically, French farmers. Mercosur did seal a separate deal, though, with a group of four non-EU European countries.
28: In an awful shock to soccer fans around the world, Liverpool striker Diogo Jota and his brother André Silva – also a professional footballer – died in a car accident early Thursday morning in western Spain. The Portuguese star Jota, who won every major trophy in England, was just 28 years old.
30,000: Europeans may not celebrate Fourth of July, but 30,000 of them are still having their travel plans disrupted this weekend after low cost carrier Ryanair canceled 170 flights due to an air-traffic control strike in France.Iran’s Supreme Leader faces a number of challenges in the wake of the devastating 12-day war with Israel, and the perennial weakness of Iran’s economy is chief among them. Economic mismanagement, corruption, and strict Western sanctions have sapped output, weakened the currency and contributed to high inflation for years. But the recent spike in tensions with the US and Israel has accelerated the collapse of the Iranian rial, which has halved in value against the dollar since the end of last year. Here is a look at how the Iranian Rial has performed against the greenback since 2022.
What We're Watching: House folds on Trump bill, Beijing lashes out at US-Vietnam deal, Nigerian opposition unites
U.S. House of Representatives Speaker Mike Johnson walks back to office, as Republican lawmakers struggle to pass U.S. President Donald Trump's sweeping spending and tax bill, on Capitol Hill, in Washington, D.C., U.S., July 3, 2025.
House holdouts bluff then fold on Trump’s budget bill
The US House is set to pass President Donald Trump’s epic tax-and-spending bill any minute now. Some eleventh hour House Republicans holdouts had signaled that they would oppose the broadly unpopular bill because it boosts the national debt by trillions while threatening to leave millions without health insurance, but they quickly fell in line after under direct pressure from Trump. The imminent final passage of the bill will fulfil Trump’s wish to have the landmark legislation on his desk by the Fourth of July holiday.
US-Vietnam trade deal angers Beijing
The US and Vietnam struck a preliminary trade deal to lower their bilateral tariffs yesterday, and China is not happy about it. Why? Because as part of the deal the US will heavily tariff any goods that pass through Vietnam from another country en-route to the US. That’s a direct swipe at Beijing, which does this frequently to skirt high US tariffs. China’s commerce ministry said it “firmly opposes any party striking a deal at the expense of Chinese interests” and threatened “countermeasures.”
Nigeria sees huge political shakeup as opposition leaders join forces
In one of the biggest shake ups since the end of military rule in 1999, Nigeria’s two main opposition leaders – Atiku Abubakar and Peter Obi – have joined forces to try to oust President Bola Tinubu in the 2027 election. In the 2023 election, they won a combined 54% of the vote compared to Tinubu’s 37%, meaning a common front could win. The big question: Which of these two political heavyweights will agree to play second fiddle to the other when it comes time to pick a presidential candidate?Listen: On the latest episode of the GZERO World podcast, Ian Bremmer sits down with New York Times columnist Thomas L. Friedman to dissect what may go down as the most consequential month in the Middle East in years. Just weeks after Israel launched a war against Iran—and after President Trump authorized US airstrikes—an uneasy ceasefire is in place. But what was actually achieved?
Iran, the clear loser of the 12-Day War, entered as the most vulnerable player and emerged weaker still. Tehran stood largely alone, with Hamas degraded, Hezbollah decimated, Syria toppled, and Russia distracted. Yet the Islamic Republic can still claim regime survival, some damage inflicted on Israel, and a murkily intact nuclear program.
Netanyahu, meanwhile, avoided a ceasefire until he had secured key gains: he crippled Iran’s infrastructure, leveraged US firepower to hit targets beyond Israel’s reach, and rescued his collapsing political career. As Friedman notes, “The people who won this war for Israel...were, for the most part, the very same people who were in the streets of Israel for nine months against Netanyahu and his judicial coup.” That tension will only grow in the months ahead.
Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're publishedWhat We’re Watching: Dalai Lama’s succession plans, Big Beautiful Bill in the House, Israel-Hamas ceasefire under review
The Dalai Lama at the start of his 90th birthday celebrations in his exile in northern India.
Who will be the next Dalai Lama?
As the Dalai Lama approaches his 90th birthday, he is meeting with top Buddhist figures this week to lay out succession plans that could draw a sharp response from China. The 14th Dalai Lama, Tenzin Gyatso, fled his native Tibet after a failed uprising against Chinese rule in 1959 and became the global face of a campaign for Tibetan independence. While China wants to install a successor who will accept Beijing’s control of both Tibet and Taiwan, the Dalai Lama’s latest statement emphasized his office’s “sole authority” over the selection process.
Is the US House ready to pass Trump’s signature legislation?
Following Senate passage on Wednesday, President Donald Trump’s “Big Beautiful Bill” has returned to the House where lawmakers are scrambling to reach the floor for a possible vote later today. If all members of the House are present — following a cancelled recess, storms in the Washington area this morning have made travel to the Capitol challenging — Republicans can afford just three “no” votes from their members. Some House Republicans already say they would vote against the bill in its current form, likely delaying eventual passage until after Trump’s July 4 deadline.
Israel and Hamas are not yet committed to Gaza ceasefire
On Tuesday, Trump posted on his Truth Social account that Israel had “agreed to the necessary conditions to finalize the 60 Day CEASEFIRE” in Gaza and warned Hamas that its leaders had better say yes. As of late this morning, both Israel and Hamas remain publicly uncommitted to Trump’s terms. Israeli Prime Minister Benjamin Netanyahu is scheduled to visit the White House next week.Hard Numbers: Russia and Azerbaijan tensions rise, Americans hit the road in record numbers, & More
People followed by mourners carry the coffins of Azerbaijani brothers Huseyn and Ziyaddin Safarov, who died in Russian police custody, to a cemetery in Hacibedelli, Azerbaijan, on July 1, 2025, in this still image from video.
2: Russia-Azerbaijan ties are fraying after the South Caucasus country said two Azeri brothers died last week after being tortured in Russian police custody. In retaliation, Azerbaijan has arrested half a dozen Russian state journalists working in the capital, Baku. The two former-Soviet countries generally get along but have had frictions over Azeri migrant labor in Russia, an Azerbaijan Airlines plane that was shot down over Russian airspace, and Moscow’s backing for Armenia in that country’s decades long conflict with Azerbaijan. The Kremlin said Azerbaijan was being “extremely emotional.”
87.1%: In the latest blow to free movement in Europe, Poland has introduced checks along its borders with Germany and Lithuania, partly a response to the surging number of people seeking first-time asylum in the country – the amount increased 87.1% from 2023 to 2024, more than any other country in Europe. The move is also a tit-for-tat measure, after Berlin introduced its own checks at the Polish-German frontier.
500: The war is going from bad to worse for Ukraine: After Russia launched over 500 drones and other missiles into its cities over the weekend, the United States halted a weapons shipment that was headed to Ukraine. The White House said it was putting its own interests first after lending military support to other countries.
14: With international demand for customer service centers soaring, is Africa ready to answer the call? Experts think so, predicting that the “Business-Process Outsourcing” industry will grow 14% annually on the continent in the coming years, nearly twice the global average. Anglophone African countries are particularly well positioned – the industry is growing nearly 20% per year in Kenya.
72.2 Million: A record 72.2 million Americans are set to travel domestically during the upcoming Fourth of July holiday weekend, according to the AAA, a nationwide motorists’ group. More than 60 million of them will be taking trips by car, driven – as it were – by the lowest summer gas prices since 2021 (and some fight delays).