Bloomberg: Iran cuts oil prices to compete with Russia in China.

Russia continued its attacks on western Ukrainian cities overnight on July 12, striking communities far from the front line with drone swarms and missile attacks for the third straight night.

The number includes 1,070 casualties Russian forces suffered just over the past day.

Germany will provide Ukraine with a grant worth 40.5 million euro ($47.4 million) to support small and medium-sized Ukrainian businesses, Ukraine's Finance Ministry announced on July 11.

Norway will provide Ukraine with 25 million Norwegian krone ($2.5 million) to support the country's cybersecurity defenses by the end of 2025, Ukraine's Digital Transformation Ministry announced on July 11.

The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 down from the current cap of $60, people familiar with the matter said.

The World Bank will provide $200 million over the next five years to prepare Ukrainian projects for large-scale reconstruction, the Economy Ministry announced on July 11.

"We have received political signals at the highest level — good signals — including from the United States and from our European friends. According to all reports, aid shipments have been restored," President Volodymyr Zelensky said.

The U.S. Senate Armed Services Committee approved $500 million in aid for Ukraine as part of the 2026 National Defense Authorization Act (NDAA), Reuters reported on July 11.

According to Ukraine's military intelligence head Kyrylo Budanov, Russia’s earlier announcement of its entry into Dnipropetrovsk Oblast serves a political goal.

"We consider these searches to be another wave of attack on Vitaliy Shabunin and the Anti-Corruption Action Center for criticizing the Presidential Office and (Presidential Office head) Andrii Yermak personally," the center said.

The Ukraine-U.S. Reconstruction Investment Fund will provide opportunities not only for U.S. companies but also for other countries, representatives of the U.S. International Development Finance Corporation said during a workshop at the Ukraine Recovery Conference in Rome on July 11.

A source in Ukraine's military intelligence told the Kyiv Independent the attack had destroyed a section of a key pipeline supplying Russian military-industrial facilities in Chelyabinsk, Orenburg, and Sverdlovsk oblasts.