Flights connecting Iran to Baghdad and Muscat are facing immediate cancellations ahead of sweeping new United States sanctions taking effect, according to the Tasnim News Agency. US Treasury Secretary Scott Bessent announced that secondary sanctions targeting aviation service providers will effectively shut down all Iranian carriers by cutting off essential fuel, ticketing, and ground-handling support. … Read more
Chinese President Xi Jinping called on Middle East nations to oppose external interference and consider reshaping the region’s security order during talks with Egyptian President Abdel Fattah el-Sisi in Cairo, according to Chinese state news agency Xinhua. The high-level diplomatic visit comes as Beijing seeks to expand its footprint amid the US-Israel war with Iran, … Read more
As the conflict with Iran reaches its seventh month, the United States is weighing a fundamental shift toward a periodic military strategy designed to keep the Strait of Hormuz open without plunging into a sustained, full-scale war, according to reports from Axios and statements from the White House. The Pivot to Periodic Strikes and the … Read more
John Ternus assumes the position of Apple’s chief executive on Tuesday, taking charge of an enterprise that dominates the smartphone sector while lagging behind competitors in artificial intelligence. Managing the company’s reliance on China while deflecting intense political pressure from the White House will rank among his most severe tests. The Handover from Tim Cook … Read more
Meta Platforms agreed to pay up to $16.7 billion to settle a sweeping US child safety lawsuit accusing the company of addicting children to Facebook and Instagram while collecting their personal data, according to court filings and statements from state attorneys general. US District Judge Yvonne Gonzalez Rogers suspended the trial following the agreement reached … Read more
Oil prices climbed past $89 a barrel after attacks on shipping in the Middle East eroded market confidence in diplomatic efforts to reopen the Strait of Hormuz, according to data from international energy markets. Brent crude rose more than two percent overnight, with October futures standing at $89.61 at 03:00 GMT, marking a 24 percent … Read more
The collapse of the June 17 memorandum of understanding (MoU) between the United States and Iran has triggered a return to active hostilities, resulting in the closure of the Strait of Hormuz and a surge in global energy prices. With 17 US service members killed to date and ongoing strikes against Iranian defense facilities, both … Read more
Trump Media and Technology Group is reportedly developing a subscription-based “Truth API” that would grant financial firms and traders early, priority access to President Donald Trump’s social media posts. The proposal, which involves monthly fees as high as $100,000, has drawn immediate scrutiny from ethics experts and lawmakers who argue the service risks monetizing presidential … Read more
Shipping traffic through the Strait of Hormuz has effectively stalled as renewed hostilities between the United States and Iran disrupt one of the world’s most critical energy chokepoints. According to Lloyd’s List Intelligence, no large vessel has crossed the strait via the U.S.-coordinated route while broadcasting its location since Tuesday, and transit levels have plummeted … Read more
Iran intends to impose new service fees on commercial vessels transiting the Strait of Hormuz, according to Iranian Ambassador to China Abdolreza Rahmani Fazli. While the United States maintains that Iran will not be permitted to charge tolls or fees for vessels transiting the strait under any final agreement, Iran asserts the fees are necessary … Read more