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Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar met with US Secretary of State Marco Rubio in Washington, where they discussed bilateral relations and Pakistan's mediation efforts between the US and Iran. The meeting comes as reports indicate progress in extending the fragile US-Iran ceasefire, though the deal awaits President Trump's approval.
US Vice President JD Vance says Washington and Tehran have made progress toward a ceasefire extension, but disagreements remain over Iran's enriched uranium stockpile. President Trump has not yet approved any deal, while both sides warn of military action if negotiations fail.
US Vice President JD Vance acknowledged that key issues in US-Iran nuclear talks, including the enriched uranium stockpile and enrichment, remain unresolved, while expressing confidence that a deal is close. The US and Iran continue negotiations amid differing timelines and positions, with Vance stating the US will pursue a deal regardless of Israel's stance.
Panama's president denied that US pressure influenced its handling of a port dispute, as the country moves to ease tensions with China. The diplomatic thaw followed talks between top diplomats in New York, where China urged non-interference.
US and Iranian negotiators have agreed on a framework to extend the ceasefire for 60 days and launch talks on Iran's nuclear program, but the deal still awaits approval from President Donald Trump and Iran's leadership. The proposed agreement includes reopening the Strait of Hormuz and easing the naval blockade, amid ongoing skirmishes between the two sides.
US inflation reached a three-year high of 4.2% in May, driven by soaring energy prices linked to the US-Israel war against Iran. The Federal Reserve held interest rates steady, while political tensions over economic policy intensified. Consumer sentiment improved slightly as gas prices eased, though households remain pessimistic.
The European Union is considering new restrictions on Chinese imports, including quotas and tariff rate quotas, as concerns grow over record trade imbalances and reliance on Chinese components. Officials are set to discuss measures at a May 29 meeting, with proposed legislation like the Industrial Accelerator Act aiming to rebuild Europe's manufacturing base.
US and Iranian negotiators have agreed on a draft memorandum of understanding to extend the ceasefire for 60 days and launch talks on Iran's nuclear program, but the deal still requires President Donald Trump's approval. Reports indicate Trump has requested amendments related to the Strait of Hormuz and the removal of highly enriched uranium.
The European Union has imposed a €200 million fine on Chinese e-commerce platform Temu for failing to prevent the sale of illegal and dangerous products. An investigation found risky baby toys and faulty chargers on the platform, and Temu has until August 28 to submit an action plan.
Sanya, China's resort city in Hainan Province, plans to establish a demonstration zone to optimize its socio-economic environment over the next three years. The initiative, reported by Sanya Daily and relayed by TASS, includes measures to attract skilled specialists, boost innovation, and improve public services. Concurrently, the city continues its environmental and low-carbon practices, earning international recognition for waste management.
Hungary’s new parliament voted overwhelmingly to cancel the country’s withdrawal from the International Criminal Court, reversing a decision made under former Prime Minister Viktor Orbán. The move, championed by Prime Minister Péter Magyar, aligns Hungary with international judicial obligations, including the ICC arrest warrant for Israeli Prime Minister Benjamin Netanyahu.
Kazakhstan and Russia are finalizing an agreement to increase Russian oil transit to China through Kazakhstan by 2.5 million tons, with signing expected during President Putin's state visit. Officials from both countries cite mutual interest in expanding energy infrastructure and note growing pressure on Kazakhstan to increase oil supplies due to constraints in the Strait of Hormuz.
President Donald Trump threatened to use military force against Oman if it collaborates with Iran to control the Strait of Hormuz. The threat, made during a cabinet meeting, followed reports of talks between Oman and Iran over joint management of the strategic waterway. The US Treasury separately warned of sanctions against Oman if it facilitates tolls in the strait.
Karnataka Chief Minister Siddaramaiah has resigned, with the Governor accepting his resignation. Deputy CM D.K. Shivakumar is widely expected to succeed him. The Congress party is set to decide on the new chief minister.
North Korea has denounced the Quad's joint statement reaffirming commitment to its complete denuclearization, vowing never to abandon its nuclear arsenal. The statement followed the Quad foreign ministers' meeting in New Delhi, which also addressed North Korea's recent missile launches and maritime security initiatives.
Norway and France have announced a defence pact under which Norway will join a French-led nuclear deterrence initiative, reflecting European concerns about reliance on the US. Russia has warned it will take necessary measures if nuclear weapons appear in Scandinavia.
South Korean Foreign Minister Cho Hyun and National Security Adviser Wi Sung-lac met with Singaporean Foreign Minister Vivian Balakrishnan in Seoul, asking for Singapore's support in creating conditions for dialogue with North Korea. Balakrishnan's visit followed stops in China and North Korea, where he met with North Korean Foreign Minister Choe Son-hui. Officials expressed hope for gradual engagement despite current frosty inter-Korean relations.
Oil prices rose on Thursday while Asian stocks mostly fell as fresh US strikes on Iran tested a shaky ceasefire. Brent crude climbed to $95.95 a barrel, while Iran's state media reported it fired at ships in the Strait of Hormuz and Kuwait said its air defenses responded to attacks.
India’s $10 billion plan to develop Great Nicobar Island into a military and logistics hub near the Strait of Malacca has gained momentum amid global energy tensions. But the project faces criticism from environmental groups and opposition leaders over its impact on indigenous tribes and forests.
A South Korean court on Thursday rejected a request to formally arrest Chinese dissident Dong Guangping, who fled China in a rubber boat and was detained after arriving in South Korean waters. The court cited insufficient grounds for detention, while authorities consider temporary placement options.