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Japan woos Philippine leader during state visit with arms sales and China in mind

Japan woos Philippine leader during state visit with arms sales and China in mind

Japan is treating Philippine President Ferdinand Marcos Jr. with exceptional hospitality on his four-day state visit
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Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade

Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade

By Seher Dareen and Shariq Khan LONDON/NEW YORK, May 28 (Reuters) - From Antwerp to the Seychelles, Baton Rouge to Melbourne, or New York to Namibia, the closure of the Strait of Hormuz has upended global jet fuel flows.
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Japan and South Korea Strengthen Ties Amid Concerns Over China and U.S. Unpredictability

Japan and South Korea Strengthen Ties Amid Concerns Over China and U.S. Unpredictability

Japan and South Korea are intensifying their diplomatic and strategic cooperation in response to growing regional tensions and uncertainties. This development comes as China increasingly asserts its influence in Asia, and President Trump's unpredictable foreign policy creates unease among U.S. allies. Recently, South Korean President Lee Jae Myung hosted Japanese Prime Minister Sanae Takaichi in Andong for a summit aimed at reinforcing their bilateral relationship. The meeting included discussions on stabilizing supply chains and addressing energy volatility exacerbated by the ongoing conflict in Iran. Both leaders are navigating complex historical tensions while seeking to counterbalance China's economic and military influence in the region.
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Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening

Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening

By Scott DiSavino NEW YORK, May 26 (Reuters) - Brent crude futures climbed about 4% on Tuesday after the U.S. military carried out strikes in Iran, a setback to hopes over the weekend that the United States and Iran would reach an agreement to end the three-month war that would also re-open shipping
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President Trump Opposes Iran's Uranium Transfer to Russia or China Amid Peace Talks

President Trump Opposes Iran's Uranium Transfer to Russia or China Amid Peace Talks

President Donald Trump has expressed opposition to the idea of Iran transferring its highly enriched uranium to Russia or China as part of a potential peace deal to end the ongoing conflict with the United States. During a Cabinet meeting at the White House, Trump stated he would not be comfortable with such an arrangement. The Kremlin, which holds the largest stockpile of nuclear weapons globally, had previously indicated a willingness to accept Iran's enriched uranium to facilitate a peace agreement. Similarly, China has been speculated to be open to receiving the material. Trump emphasized in a Truth Social post that Iran's enriched uranium would be destroyed either in the U.S., within Iran, or at another acceptable location. The comments come as the U.S. and Iran are reportedly working towards a short-term agreement to conclude the three-month-old war in the Middle East. The conflict has significantly impacted global energy supplies, causing oil prices to rise. However, Secretary of State Marco Rubio m...
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President Trump Pushes Abraham Accords Amid Middle East Distrust

President Trump Pushes Abraham Accords Amid Middle East Distrust

President Trump is attempting to reinvigorate the Abraham Accords, a diplomatic initiative from his first term, as part of a broader strategy to normalize relations between Middle Eastern countries and Israel. This effort comes in the context of ongoing negotiations between the U.S. and Iran to end a prolonged conflict. Trump has urged regional partners, including Saudi Arabia, Qatar, and the UAE, to join the accords as a condition for their inclusion in any Iran peace deal. The Abraham Accords, initially brokered by Trump's son-in-law Jared Kushner, aimed to address the Palestinian-Israeli conflict by encouraging Arab nations to recognize Israel. Despite previous successes, such as agreements with the UAE and Bahrain, the accords face challenges as regional dynamics shift and trust in U.S. leadership wanes.
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Wall Street hangs near its records as oil prices sink

Wall Street hangs near its records as oil prices sink

U.S. stocks are hanging near their records as oil prices fall
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President Trump's Iran Signals Cause Volatility in Oil Markets Amid U.S. Strikes

President Trump's Iran Signals Cause Volatility in Oil Markets Amid U.S. Strikes

Oil markets experienced significant volatility following reports of a potential U.S.-Iran framework deal, which initially caused Brent crude prices to drop. However, subsequent U.S. military strikes on Iran reversed this trend, pushing prices back toward $100 per barrel. The situation highlights the unpredictable nature of foreign policy under President Trump, as hopes for a diplomatic resolution were dashed by military actions. Additionally, the arrival of a powerful El Niño is expected to further impact commodity markets, increasing demand for natural gas due to hotter weather. This development comes as global LNG flows shift towards Asia, driven by higher prices in the region compared to Europe.
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Japan woos visiting Philippine leader during state visit with arms sales and China in mind

Japan woos visiting Philippine leader during state visit with arms sales and China in mind

Japan is treating Philippine President Ferdinand Marcos Jr. with exceptional hospitality on his four-day state visit
Reuters Reuters
US and Armenia sign partnership agreement ahead of Armenian election

US and Armenia sign partnership agreement ahead of Armenian election

By Michael Martina and Lucy Papachristou YEREVAN, May 26 (Reuters) - U.S. Secretary of State Marco Rubio and Armenian Foreign Minister Ararat Mirzoyan signed a strategic partnership agreement in Yerevan on Tuesday, less than two weeks before parliamentary elections in the South Caucasus country.
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38 Years Ago Today, the INF Treaty Changed Global Arms Control Strategy

38 Years Ago Today, the INF Treaty Changed Global Arms Control Strategy

The Intermediate-Range Nuclear Forces Treaty (INF Treaty) was a pivotal agreement in the realm of arms control, with far-reaching strategic implica...
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World stocks and oil prices are mixed after the US launches strikes in southern Iran

World stocks and oil prices are mixed after the US launches strikes in southern Iran

Shares are mixed in Europe and Asia after the U.S. military said it carried out what it called “self-defense” strikes in southern Iran, including on missile launch sites and boats placing mines