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South Korea's President Lee Jae Myung Urges Acceleration of Nuclear-Powered Submarine Program Amid North Korean Threats

President Lee Jae Myung has instructed officials to speed up the acquisition of nuclear-powered submarines, citing the need to bolster self-defense amid North Korea's growing nuclear and missile threats. The move aligns with U.S. support for Seoul's submarine program and the transfer of wartime operational control. Lee also emphasized a realistic short-term goal of halting North Korea's nuclear expansion.

1 outlet · 5 articles May 26, 2026

Oil Prices Ease on Renewed Hopes of US-Iran Peace Deal

Oil futures slid on Monday following US President Donald Trump's announcement that a deal with Iran had been 'largely negotiated,' though a separate France 24 report noted prices had risen earlier on Trump's rejection of Iran's counterproposal. The conflicting coverage highlights market sensitivity to diplomatic developments amid the ongoing closure of the Strait of Hormuz, which continues to impact global economies.

1 outlet · 2 articles May 25, 2026