Venezuela has confirmed that the death toll from last month's devastating twin earthquakes has risen to 5,069, as the country begins a massive reconstruction effort backed by $346 million in emergency funding released by the International Monetary Fund (IMF).

The earthquakes, measuring 7.2 and 7.5 magnitude, struck within a minute of each other on June 24, causing widespread destruction in the coastal state of La Guaira, about 40 kilometres northeast of the capital, Caracas.

Over 5,000 Lives Lost

National Assembly chief Jorge Rodriguez announced that the confirmed death toll has reached 5,069, with the worst devastation reported in La Guaira, where entire neighbourhoods suffered extensive damage.

Authorities said the number of injured remains at 16,740, with most patients having already been discharged from hospitals following weeks of emergency medical treatment.

Search, recovery and damage assessment operations have continued across the affected regions since the disaster struck.

IMF Releases Emergency Funding

The Venezuelan government also announced that it has accessed $346 million from the IMF to support relief, rehabilitation and rebuilding efforts.

Interim President Delcy Rodriguez said the funds would be used to accelerate reconstruction in the earthquake-hit regions and restore critical infrastructure.

IMF Managing Director Kristalina Georgieva confirmed that the institution had facilitated Venezuela's access to its own reserve resources for urgent humanitarian needs through its reserve tranche mechanism.

Thousands Remain Displaced

Despite ongoing relief operations, nearly 20,000 people remain displaced after losing their homes in the earthquakes.

Many survivors are currently living in temporary shelters and overcrowded relief camps, where authorities continue to face challenges in providing adequate drinking water, sanitation facilities and essential healthcare services.

Humanitarian agencies have warned that rebuilding damaged communities is likely to take several months.

IMF Relations Resume

The latest funding reflects a significant shift in Venezuela's relationship with international financial institutions.

Venezuela holds approximately 3.568 billion Special Drawing Rights (SDRs) at the IMF, equivalent to around $5.1 billion.

Access to these resources had remained restricted for years due to international recognition disputes involving the country's political leadership.

Earlier this year, the IMF and the World Bank resumed engagement with Venezuela following major political developments that reshaped the country's relations with international institutions.

Reconstruction Challenges Ahead

The earthquakes caused extensive damage to homes, roads, public buildings and essential infrastructure across northern Venezuela, particularly in coastal communities.

Government agencies have prioritised restoring electricity, water supply and transportation networks while continuing to assess long-term reconstruction needs.

Officials say the newly released IMF funds will help finance emergency housing, infrastructure repair and humanitarian assistance as Venezuela begins recovering from one of the deadliest natural disasters in its recent history.

The crushing reality of an escalated conflict has hit the streets of Iran, not just in the form of structural destruction, but through an unprecedented economic collapse. Months after heavy US and Israeli airstrikes targeted key infrastructure, the domestic market has spiraled into hyperinflation. The situation has deteriorated to a point where working-class families in major urban centers like Tehran, Isfahan, and Mashhad are forced to buy basic staples, including bread, on installment plans.

Ground Reality in Tehran

The local currency, the rial, has plummeted to historic lows, obliterating the purchasing power of average citizens. On the ground, the financial volatility changes by the hour.

"I bought groceries on credit from a neighborhood shop, and when I returned the next day to pay, the bill had doubled," said Mehdi, a 52-year-old government employee living in the capital.

His situation is far from isolated. Reports filtering out of neighborhood markets in Ahvaz and Isfahan indicate that salaries are dry by the middle of the month. To survive, residents are increasingly turning to local shopkeepers to purchase supermarket packages and bread on EMI (equated monthly installments), a phenomenon previously unheard of for basic food items.

Essential Commodities Skyrocket

The statistical reality of the market is staggering. Driven by supply chain blockages and the destruction of domestic logistics, the prices of everyday essentials have grown exponentially.

According to local commercial accounts, cooking oil prices have surged by a massive 430% since the escalation of the conflict. Similarly, the price of eggs has risen by 345%, rice by 287%, and milk by 139%. The sharp spike has completely altered the Iranian household budget, shifting the daily focus from physical safety to basic caloric survival.

Medical Infrastructure Crumbling

Beyond the kitchen table, the crisis has firmly gripped Iran’s healthcare sector. Industrial output has grounded to a halt, heavily impacted by targeted strikes on the country's petrochemical installations and manufacturing zones.

A medical professional operating out of a major hospital in Isfahan confirmed that local pharmacies have begun rationing medicines. The Health Ministry has reportedly issued directives to physicians nationwide, advising them to prescribe only critical, life-saving drugs due to depleted stockpiles.

Amin Afshar, head of Iran’s Hemophilia Association, issued a stark warning stating that emergency reserves for bleeding disorders have entirely run out, compounded by severe difficulties in securing imports under the current blockade.

Tragedies Surface as Network Restored

The human cost of the war is only now fully coming to light following the gradual restoration of internet services, which had been severely restricted since the war intensified. As connectivity returned in late May, social media platforms were flooded with delayed accounts of casualties and destruction.

Among the widely shared accounts was that of Hamed Mirzaei, who discovered the fate of his family weeks after the event. A strike targeting Tehran’s Resalat Square earlier this spring claimed the lives of 12 of his family members, including his wife and parents. Due to the total communication blackout, Mirzaei only learned of the tragedy once basic network access was re-established.

Deepening Roots of Discontent

The current economic freefall is an amplification of an existing crisis. Iran was already battling severe economic headwinds before the military escalation. In December 2025, major demonstrations erupted across Tehran’s Saadi Street and the Grand Bazaar, expanding rapidly into Shiraz and Mashhad.

Those protests, triggered by inflation crossing 42% and food costs rising over 70%, had already forced the resignation of the Central Bank chief, Mohammad Reza Farzin. The subsequent war has turned an already fragile economy into a humanitarian crisis.

Shifting Stance on Dialogue

With the ruling establishment managing to survive the military onslaught contrary to initial opposition expectations, the political discourse on the ground is shifting. Many citizens who previously viewed external conflict as a catalyst for internal political change are pivoting toward diplomacy.

Lida, a 44-year-old environmental specialist from Tehran, noted that the sheer scale of infrastructural damage and human loss has made continued conflict unsustainable. Local analysts point out that a painful reckoning is underway across the political spectrum, with a growing consensus that diplomatic dialogue remains the final viable route to prevent total state collapse.

Prime minister’s remark on taking “first of all 70%” of Gaza appears in West Bank speech; move could push nearly 2 million Palestinians to relocate

Israeli announcement and reaction
Israeli Prime Minister Benjamin Netanyahu told an audience in the occupied West Bank on Thursday that he had instructed the Israel Defense Forces (IDF) to take control of about 70% of the Gaza Strip, a statement that drew immediate international concern and alarm among Palestinian officials. “We are now in 60% of the territory of the Gaza Strip… My directive is to move, take over step by step — first of all 70%,” Mr. Netanyahu said, according to a CNN report of the remarks.

Local and regional officials said the comment, coming amid months of fighting and a fragile ceasefire framework, risks triggering large-scale displacement in a densely populated coastal territory where roughly 2 million Palestinians live. Sources familiar with humanitarian planning note that a move to occupy such a large share of Gaza could force mass internal migration and overwhelm already-stretched aid services.

Maps and claimed control
The IDF has previously circulated operational maps to international aid agencies, officials said, and those maps — issued in late April — reportedly depicted Israeli control of roughly 64% of Gaza. Under the October 2025 ceasefire arrangement between Israel and Hamas, Israeli forces had withdrawn to a demarcation known as the “yellow line,” which encompassed about 53% of the enclave.

Humanitarian and political actors warned that shifting lines on the ground would have immediate consequences. “If the boundaries of control expand, it reduces safe space for civilians and complicates aid deliveries,” a senior aid official working in the region said on condition of anonymity. The official added that agencies were already operating under severe constraints on fuel, staff movement and secure supply routes.

Hamas and ceasefire concerns
Hamas condemned what it described as an attempt to unilaterally alter the ceasefire arrangement. In a statement on Tuesday, the group accused Israel of “an explicit and ongoing undermining of the ceasefire agreement” and warned that moving the demarcation line constituted a serious violation meant to “impose new facts on the ground.”

Diplomats in the region said the remarks could complicate international efforts to stabilise the situation and resume reconstruction planning. Western and Arab governments have repeatedly urged restraint and called for guarantees to protect civilians and humanitarian corridors.

Allegations about weapon use
Separately, reports have circulated alleging the use of so-called thermobaric or “vacuum” weapons in Gaza. Investigative outlets and some witnesses have described blasts that create intense heat and large-area effects; such weapons are controversial because of their destructive blast and incendiary characteristics. Israeli officials have repeatedly denied using internationally banned munitions; independent, verifiable confirmation of specific weapon types in many incidents remains limited.

Human toll and long-term damage
The humanitarian toll in Gaza remains severe. Local civil defence authorities have reported thousands of victims whose remains are difficult to recover after intense bombardment. Agricultural and economic damage has been extensive: aid agencies estimate that almost all of Gaza’s agricultural land has been degraded since the start of hostilities, with only small pockets remaining cultivable — a factor that will slow recovery and food security for years.

Chronology and context
The latest statements come nearly two-and-a-half years after the conflict flared on 7 October 2023, when a large-scale Hamas attack into southern Israel prompted a sustained Israeli military campaign. The October 2025 ceasefire created a temporary lull and defined lines of operation, but observers have warned that those arrangements are fragile and subject to change depending on political and military calculations.

What happens next
Officials in Jerusalem offered no immediate operational timeline beyond the prime minister’s directive. International actors — including UN agencies and donor governments — are expected to press for clarification on movement plans, protections for civilians, and guaranteed access for humanitarian relief.

Aid groups on the ground said they are preparing contingency plans for further displacement and reiterating calls for protective measures. “We’re bracing for more people on the move and for humanitarian needs to spike,” one aid coordinator said.