Politics
Musk quietly puts brakes on plans for new political party

Billionaire Elon Musk is quietly putting the brakes on plans to start his new political party, telling allies he wants to focus on his companies, the Wall Street Journal said on Tuesday, citing people with knowledge of the plans.
Musk unveiled the ‘America Party’ in July after a public dispute with President Donald Trump on the tax cut and spending bill.
He has recently been focused in part on maintaining ties with Vice President JD Vance, the paper said, and has acknowledged to associates that forming a political party would damage his relationship with Vance.
Musk, the world’s richest man, and his associates have told people close to Vance that the billionaire is considering using some of his financial resources to back Vance if he decides to run for president in 2028, the paper said.
The CEO of Tesla and SpaceX spent nearly $300 million in 2024 to help Trump and other Republicans get elected, exerting enormous influence in the first few weeks of Trump’s term as head of the newly created efficiency department (DOGE).
Reuters could not immediately verify the Journal report. Tesla and the White House did not immediately respond to a Reuters request for comment outside regular business hours.
Vance, who had called for a truce following Musk’s all-public feud with Trump, reaffirmed his position this month and said he had asked Musk to return to the Republican fold.
Tesla shares are down more than 18% this year after it posted in July its worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, though its profit margin was better than many had feared.
Musk also warned of “a few rough quarters” after the end of support for electric vehicles by the Trump administration.
Investors worry whether he will be able to devote enough time and attention to Tesla after locking horns with Trump over his ambitions for a new political party.
Politics
Will Iran’s missiles drain US interceptor stocks?

US forces have shot down hundreds of Iranian ballistic missiles in recent days, raising questions about how long American air defence interceptor stocks will last in a war that could continue for weeks or more.
Iran responded to the massive US-Israeli air campaign launched over the weekend with barrages of hundreds of missiles and drones against countries in the Middle East that host American forces and bases.
Since the start of the war, the United States has “intercepted hundreds of ballistic missiles targeting US forces, our partners and regional stability,” General Dan Caine, the top US military officer, said Monday.
Those intercepts are a success — they prevented the missiles from striking their targets — but they also come at the cost of pricey, high-tech interceptors that are in short supply.
“There is a risk the United States and its partners could run out of interceptors before Iran runs out of missiles, though it is far from certain,” said Kelly Grieco, a senior fellow at the Stimson Center think-tank.
At the beginning of the conflict, Israel estimated Iran had some 2,500 ballistic missiles — “almost certainly more than the combined ballistic missile interceptor totals of Israel and the United States,” Grieco said.
However, the United States and Israel are hunting for launchers and storage sites, so “the race is, in short, between Iranian launchers and American and Israeli strikes on the sources of those launches,” she said.
Demand outpacing production
Caine said Iranian drones also pose a threat but did not provide a figure for the number that had been shot down, only saying that “our systems have proven effective in countering these platforms, engaging targets rapidly.”

Grieco said that while interceptors are being expended on drones, it is not to the same degree as for missiles, and “the most acute shortage is with the ballistic interceptors.”
The length of the conflict is a factor affecting how many interceptors will be needed, and it is currently unclear how long it will last.
US officials including Donald Trump have referred to a multi-week war, though the president said Monday that “we’re already substantially ahead of our time projections.”
“From the beginning, we projected four to five weeks, but we have the capability to go far longer than that,” Trump said.
Pentagon chief Pete Hegseth had earlier given various possible timelines for the conflict: “Four weeks, two weeks, six weeks, it could move up. It could move back.”
Joe Costa, director of the Atlantic Council’s defence program, said that “sustained conflict with Iran could severely strain US stocks of critical air defence interceptors for China and other global priorities.”
“It depends on how effective the US and Israel will be in neutralising Iran’s launch capability of missiles and drones,” he said.
Grieco said that when it comes to interceptors, “production simply cannot keep pace with demand.”
“Every theatre, from Europe and the Indo-Pacific to the Middle East, has an acute need [for] more missile defence launchers and interceptors, and the United States is simply consuming them faster than it can replace them.”
Politics
UAE leadership hosts public iftar in Dubai, projects message of unity, resilience

DUBAI: The President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, observed iftar at Dubai Mall alongside senior members of the leadership, including the Crown Prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
The iftar took place within the mall premises with members of the UAE leadership present, underscoring a message of unity, stability and resilience.
The gathering came amid regional tensions, with officials repeatedly stating that the country remains safe and secure.
Video circulating on social media showed the leaders moving through the venue, where shoppers gathered and waved as they passed.
Many visitors appeared surprised to see the UAE leadership at the location.
In one widely shared moment, a visitor from Ghana expressed excitement after meeting the President, describing the encounter as memorable. The President exchanged brief words with him and wished him an enjoyable stay.
The public presence drew attention inside the busy shopping destination, often described as one of the world’s largest malls.
Politics
IRGC targets US intelligence centers, military depots in 11th wave of attacks

The Iranian armed forces have started a new wave of extensive drone and missile attacks on targets in the Israeli-occupied territories and US assets in regional countries.
A late Monday statement from the Islamic Revolution Guards Corps (IRGC) said that the 11th wave of offensive attacks under Operation True Promise 4 had been launched by the naval and aerospace units of the elite force.
The statement said the “extensive and high-density operation” had targeted American intelligence centers and military support warehouses in the Persian Gulf region, the Israeli communications industries complex in the occupied city of Beersheba, as well as 20 locations in the occupied regions of Tel Aviv, West al-Quds, and Galilee.
It said the “brave sons of Iran’s armed forces” had used more than 700 drones and hundreds of missiles to hit 60 strategic targets and 500 military locations linked to the United States and the Israeli regime since the start of the US-Israeli aggression on Iran on Saturday.
The statement said the number of missiles and drones and the success rate of the attacks had far outpaced records seen during the 12-day war with Israel and the US in June 2025.
The IRGC said recent “brutal and terrorist” attacks on Iran that targeted citizens in hospitals, schools, and offices of the national media service (IRIB) had further strengthened their resolve and determination to pursue an all-out war against the enemies.
The IRGC has been carrying out retaliatory attacks on US military assets across the region and on targets in the Israeli-occupied territories since Saturday, when the US and Israel started the unprovoked war of aggression against Iran and assassinated Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei.
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