US tightens Iran sanctions and warns foreign banks of penalties
The United States has intensified economic pressure on Iran, warning foreign financial institutions that they could face sanctions for continuing...
Geostrategy
Trump threatens Iran again as US moves 2000 marines to Middle East
Trump said the current confrontation with Iran would end “very soon” and warned that Tehran “won’t be around very long”...
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Rubio says Israel annexation moves in West Bank, settler violence ‘threatening’ Gaza peace deal
Israeli lawmakers voted Wednesday to advance two bills on annexing the occupied West Bank, barely a week after President Donald...
- Israeli lawmakers voted Wednesday to advance two bills on annexing the occupied West Bank, barely a week after President Trump pushed through a deal aimed at ending 2-year war
- "I think the president's made clear that's not something we can be supportive of right now," Rubio said of annexation as he boarded his plane for a visit to Israel
Geostrategy
Norway’s wealth fund to enlist AI for managing climate risks
Oslo, Norway -- Norway's sovereign wealth fund said Wednesday that it would incorporate artificial intelligence tools into its investment analysis...
- The fund's head of active ownership, Wilhelm Mohn, said AI along with its own analysis tools would allow it to "streamline processes and enhance decision-making".
- The fund urges the more than 8,600 companies it invests in worldwide to commit to net-zero carbon emissions by 2050.
Geostrategy
Global trade system ‘at risk of derailment’: UN chief
Geneva, Switzerland -- The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiraling debt,...
- Guterres said too many countries were trapped in a debt crisis, spending more money on servicing creditors than funding health and education.
- The UN chief warned that developing countries "continue to be short-changed", with uncertainty rising, investment retreating and supply chains "in turmoil".
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ICJ says Israel obliged to allow aid into Gaza as Turkey, Qatar move to protect truce
The ICJ ruling came as aid groups scrambled to scale up much-needed humanitarian assistance into Gaza, seizing upon a fragile...
- Turkey has taken an active role in talks to secure a ceasefire in Gaza and voiced strong support for US President Donald Trump's peace plan.
- Erdogan has said Turkey was ready to join an international task force in Gaza, with its military also expressing willingness to participate if needed.
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JD Vance voices ‘great optimism’ for Gaza truce on Israel visit, meeting with Netanyahu today
Despite concerns in Israel that Hamas has seized on the pause to reassert itself in Gaza, Vance said Washington would...
- Despite concerns in Israel that Hamas has seized on the pause to reassert itself in Gaza, Vance said Washington would not set a deadline for the group to disarm
- That came after US President Donald Trump warned that allied nations in the region would invade Gaza to wipe out Hamas if it failed to comply with the truce
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World Bank estimates Syria reconstruction costs at $216 billion
"The conflict has damaged nearly one-third of Syria’s pre-conflict gross capital stock, with direct physical damages to infrastructure, residential buildings, and...
- Among the categories assessed, infrastructure was the hardest hit, accounting for 48 percent of total damage, equivalent to $52 billion.
- The report estimates costs of physical assets to range between $140 billion and $345 billion, "with a conservative best estimate" of $216 billion.
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Saudi Crown Prince to meet Trump in Washington next month
Riyadh, Saudi Arabia -- Saudi Arabia's Crown Prince Mohammed bin Salman will meet US President Donald Trump during a three-day...
- The Crown Prince will arrive on November 17 and discuss political, economic and security files with Trump the following day, the source said on condition of anonymity.
- Some media reports suggest Saudi Arabia is hoping for a US security agreement after Trump's executive order this month pledging to defend its neighbor Qatar from attacks.
Geostrategy
Lavrov and Rubio discuss Putin-Trump summit, Zelensky seeks invite to the meeting
Russia's top diplomat Sergei Lavrov and US counterpart Marco Rubio discussed preparations for an upcoming summit between Vladimir Putin and...
- Diplomatic efforts to end Russia's three-and-a-half-year invasion have stalled since Trump and Putin met for peace talks in Alaska in August
- The two announced last week that they would meet in Budapest for a second round of talks, but it was not clear whether Zelensky would attend
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Trump says Hamas will be ‘eradicated’ if group breaches Gaza deal with Israel
Trump, however, insisted that American forces would not be involved in confronting against Hamas, saying dozens of countries that have...
- Vice President JD Vance headed to Israel shortly after Trump's comments, joining two top US envoys after weekend violence threatened to wreck the fragile ceasefire
- Trump helped broker the Gaza deal nearly two weeks ago but it has repeatedly come under threat as Israel accuses Hamas of stalling on handing over dead hostages
Geostrategy
Brazil greenlights oil drilling in Amazon region
President Luiz Inacio Lula da Silva has come under fire from conservationists who argue his oil expansion plans clash with...
- Brazil will host COP30 climate talks in the Amazon city of Belem next month.
- Petrobras said drilling in the Foz de Amazonas region will begin immediately and will last for five months, after its five-year battle to get permission to explore the area.
US tightens Iran sanctions and warns foreign banks of penalties
The United States has intensified economic pressure on Iran, warning foreign financial institutions that they could face sanctions for continuing...
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Tehran says it ‘kept its word’ as Trump threatens to ‘decimate’ Iran if targeted
Foreign minister Abbas Araghchi says compliance with the US-Iran memorandum of understanding must be mutual. Tehran denies seeking new talks...
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Khamenei laid to rest in Mashhad as clashes persist, Hormuz traffic recovers
Khamenei's flag-draped coffin was carried into the Imam Reza shrine in his hometown of Mashhad, where state television said he...
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US strikes Iran during Khamenei funeral despite promised pause
Attacks hit southern Iran as funeral rites for the slain supreme leader continued in Iraq, prompting Tehran to accuse Washington...
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Funeral procession for Khamenei begins, mourners carry anti-US and anti-Israel messages
Organizers said the procession is expected to last between 10 and 12 hours along a roughly 10-kilometre route passing through...
- The procession had begun from Tehran's Grand Mosalla mosque, where Khamenei's body had lain in state for two days.
- Ayatollah Ali Khamenei was killed on February 28 in US-Israeli air strikes that launched the conflict between Iran and Israel.
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OPEC+ agrees fresh August output hike as Gulf oil production slowly recovers
The producer group approved another increase of 188,000 barrels per day for August, signaling confidence that Gulf oil output can...
- Gulf output remains well below pre-war levels despite improving shipping through Hormuz.
- Analysts say restarting shut-in production will take time, while 2027 quota talks could test OPEC+ unity.
Geostrategy
Funeral prayers offered for Khamenei, family members amid cries for revenge
The prayers were attended by President Masoud Pezeshkian, senior military commanders and members of Khamenei's family, although his successor, Mojtaba...
- The funeral programme will continue with a mass procession through Tehran on Monday before ceremonies in other cities.
- Tehran’s metro network has registered more than 7 million passenger trips from 5:30pm (14:00 GMT) on Saturday to 7am (03:30 GMT) on Sunday.