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Pakistan's Interior Minister Mohsin Naqvi has made his third visit to Tehran in recent weeks, part of Islamabad's ongoing mediation efforts between the U.S. and Iran. The visit comes amid heightened tensions, including recent military clashes and stalled negotiations, with Pakistan playing a central role as intermediary.
Rosneft CEO Igor Sechin told the St. Petersburg International Economic Forum that US oil companies have been the main beneficiaries of the Strait of Hormuz crisis, while warning of potential oil price spikes and food price surges. His comments covered Russian oil benefits to China and India, fertilizer price increases, and the impossibility of replacing lost Middle East oil volumes.
The US military said it struck Iranian coastal surveillance radar sites on Qeshm Island and Goruk after shooting down four Iranian drones launched toward the Strait of Hormuz. Iran's navy reported firing warning shots at US forces, a claim denied by CENTCOM. The conflict is also pushing millions into acute hunger, the UN food agency warned.
The UN World Food Programme warns that up to 45 million additional people could be pushed into hunger as the Iran conflict continues to drive up energy and food prices. New data highlights acute food insecurity in Somalia, Afghanistan, and Sri Lanka, with aid operations strained by funding shortfalls and rising operational costs.
The US military says it intercepted Iranian missiles and drones aimed at Kuwait and Bahrain, while conducting self-defense strikes on Iran's Qeshm Island. The attacks mark an escalation in the Gulf conflict despite a ceasefire, with Kuwait reporting damage at its international airport and diplomatic fallout.
President Lee Jae Myung marked Memorial Day by emphasizing the nation's duty to honor those who died in service, while Prime Minister Kim Min-seok highlighted government support for patriots and their families. Lee also spoke at a repatriation ceremony underscoring the South Korea-U.S. alliance.
US stocks tumbled on Friday, with the S&P 500 and Nasdaq posting their biggest one-day losses in months, after a stronger-than-expected May jobs report raised fears that the Federal Reserve will keep interest rates high or even hike them. Tech and chip stocks led the decline, while investors rotated into safer sectors. President Donald Trump reacted with confusion, saying stocks should rise on good jobs data.
Iran's national football team received US visas just 10 days before their World Cup opener, but several staff and federation officials, including the federation chief, were denied entry. The team has relocated its base to Tijuana, Mexico, amid a war with the US, marking the first time a host nation receives a team it is at war with.
The United Nations has raised its humanitarian appeal for Lebanon to nearly $640 million, citing a severe and deteriorating crisis after months of conflict between Israel and Hezbollah. The revised figure comes as casualties exceed 3,500 and displacement tops one million, with aid agencies warning of looming catastrophe.
Croatian Prime Minister Andrej Plenkovic has stated that Ukraine's bid to join the European Union by 2027 is unrealistic, citing Croatia's own lengthy integration experience. European Commissioner for Enlargement Marta Kos has also dismissed the timeline, noting that EU accession talks often take over a decade. The statements come as Ukraine pushes for rapid integration amid ongoing conflict.
Russian President Vladimir Putin spoke at the St. Petersburg International Economic Forum's plenary session, focusing on economic sovereignty, the impact of sanctions, and the changing global trade landscape. He cited Russia's GDP growth, Rosneft's investments in India, and the doubling of BRICS' share in global trade.
The US economy added 172,000 jobs in May, far exceeding economist forecasts, while the unemployment rate remained steady at 4.3%. Hiring was led by leisure and hospitality, local government, and healthcare, with the World Cup boosting hospitality recruitment. March and April figures were revised upward by a combined 93,000, signaling sustained labor market strength.
The Dangote Refinery has processed 700,000 barrels of crude oil per day in performance tests, surpassing its official capacity, and plans to double output to 1.4 million bpd. However, in May, maintenance on a key unit forced the refinery to import petrol, helping push Nigeria's fuel imports to a four-month high.
Abhijeet Dipke, founder of India's satirical Cockroach Janta Party, returned to New Delhi to lead a protest demanding the resignation of Education Minister Dharmendra Pradhan over exam irregularities. The movement, which has amassed over 22 million Instagram followers, marks a rare street mobilization of India's online youth dissent.
South Korean stocks fell sharply, with the KOSPI dropping over 5% on June 5, 2026, as investors locked in profits from a tech-led rally amid uncertainty over US-Iran peace negotiations. The won weakened against the dollar, and foreign investors continued selling.
Households and businesses in regional Queensland will see electricity bills fall by around 6.9% and 8.1% respectively from July, following a decision by the Queensland Competition Authority. The cuts mirror broader reductions in benchmark power prices across several states, driven by lower supply chain costs and increased renewable energy generation.
David Barnea completed his five-year term as Mossad chief, calling for continued commitment to toppling Iran's regime. Former officials describe his transformation of the agency into a multi-front operation capable of simultaneous missions, including the assassination of Hezbollah's leader.
A new study by the Jewish People Policy Institute reveals a significant rise in negative EU statements toward Israel since October 7, with only Iran receiving more criticism. Despite this, trade and security cooperation continue, and antisemitism in Europe has surged.
Pakistan's Foreign Office has refuted reports that Deputy Prime Minister Ishaq Dar shared intelligence on Iran's nuclear programme with US Secretary of State Marco Rubio during a meeting in Washington. The denial follows claims made by a former CIA analyst, which were also dismissed by Rubio himself.
Turkish Foreign Minister Hakan Fidan met Indonesian President Prabowo Subianto in Jakarta for talks aimed at expanding cooperation in defence, energy, and trade. The two countries are working toward a $10bn bilateral trade target agreed last year, with discussions also covering regional issues such as Gaza and Iran.