World News

Trump's Iran bind deepens as Hormuz crisis fuels war pressure at home

Adding to the challenge are his own comments over the years, lambasting his predecessors for signing or considering deals similar to the one that has the best chance of success

'No nation will control Hormuz': Trump as he threatens to blow up Oman

Iran's Tasnim news agency cited a military source as saying that the Islamic Revolutionary Guards Navy fired toward a US oil tanker that was trying to transit the strait, forcing it to turn back

US imposes sanctions on Iranian agency trying to control shipping in Hormuz

Sanctions target Iran's Persian Gulf Strait Authority and any person or entity cooperating with the agency, which approves transit in the strait and charges tolls that could reach $2 mn per vessel

Trump admin tells prosecutors to stand down on Venezuela's Delcy Rodriguez

Directive to pause scrutiny into Rodriguez was meant to avoid upsetting the administration's efforts to stabilise Venezuela after the capture of her predecessor, Nicolas Maduro, among other reasons

Asian shares turn cautious as fresh US strike on Iran lifts oil prices

It also took a little steam out of the tech-driven bull run in stock markets, with Japan's Nikkei easing 0.2 per cent, while South ‌Korean shares went flat

US launches fresh defensive strikes on Iran after drone threat near Hormuz

Two US officials said that US military forces shot down four Iranian drones and struck a base that was about to launch a fifth drone after determining they posed a threat to the Strait of Hormuz

Iran expands restrictions on distribution of news by int'l media outlets

The new restrictions come three months after the United States and Israel launched attacks on Iran that grew into a continuing, occasionally flaring war in the region

SpaceX Starship rockets grounded pending probe into test flight mishap

Minutes after Starship blasted off from Texas on Friday, the booster separated as normal, but engines conked out as it made its way back to Earth

Zelenskyy asks Trump for more US air defence aid against Russian attacks

Russian military has intensified its aerial attacks, firing almost 90 missiles as well as hundreds of drones at Kyiv last weekend in an effort to overwhelm air defences

Washington paper mill implosion leaves 2 dead, 9 workers still missing

Before any bodies can be recovered, crews on Wednesday must first stabilise the tank, which was at risk of collapsing further and leaking more of the caustic liquid

Iran 'negotiating on fumes', says Trump, shrugs off midterms' impact on war

While Trump insists a deal is within reach, there appears to be daylight between the US and Iran on several key issues

Nasa unveils 3-phase plan for permanent moon base; 3 missions this year

At a press conference, Nasa Administrator Jared Isaacman said the Moon Base programme would help the US master the skills needed to live and operate in the moon's harsh environment.

Israel-Hezbollah fighting escalates as US-Iran peace talks drag on

On Tuesday, Netanyahu said that he had deployed a large number of forces to capture additional territory in the country

Nvidia to raise Taiwan spend to $150 billion annually: CEO Jensen Huang

Huang was speaking at a launch celebration in Taipei for the chip company's planned Taiwan headquarters, which he said will break ground this year and aims to become operational in 2030

US rejects Iranian media's report on 'draft deal' to restore Hormuz traffic

The remark came after Iranian state television reported that Tehran had committed to restoring commercial transit through the Strait of Hormuz to pre-war levels within one month

Hong Kong overtakes Switzerland as world's largest offshore wealth hub

The shift comes as global private fortunes expand at their fastest clip since 2021, defying tariffs and macroeconomic instability to reach a total of $333 trillion

US regulators poised to approve Paramount's takeover of Warner Bros

The Department of Justice staff attorneys seemed swayed by arguments from top Paramount executives that the deal would not hurt other studios and creative talent

UAE's Adnoc exports another LNG shipment through Strait of Hormuz to India

The Umm Al Ashtan, which is managed by Adnoc Logistics & Services, reappeared northwest of Muscat, Oman, loaded with a cargo and listing its destination as India

Trump set to meet Cabinet as he looks to seal deal to end Iran war

Trump is projecting confidence that he's closing in on a deal that will reopen Hormuz and provide him a credible argument that Iran's nuclear capability has been diminished enough to declare victory

Why Switzerland's 10-million population cap is worrying executives

On June 14, Switzerland will vote on a plan to cap the population at 10 million, requiring a severe reduction in immigration