Latest News
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Trump cancels strike against Iran scheduled for Thursday evening
Donald Trump, the U.S. President, announced on Thursday that he had canceled his planned strikes against Iran. This came after he threatened to 'bomb' more oil export hub Kharg Island and said he wanted to "take" it. Trump said in a Truth Social post that "based on the fact the discussions with the 'Islamic Republic of Iran were brought to the highest level of Iranian leaders - and approved", I, as the President of the United States of America, have cancelled the scheduled strikes and bombings this evening against Iran. Trump claimed that "discussions" and "final points" were?approved? by the United States of America, Israel, Saudi Arabia UAE, Qatar?Turkey Pakistan Bahrain Kuwait Jordan Egypt?and?others. He said: "The Naval Blockade is in full force and effect until the 'Transaction' is finalized. The time and location of a?signing will be announced shortly." (Reporting and editing by Doina chiacu in Toronto, Susan Heavey, Ryan Patrick Jones)
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Grupo Mexico, U.S. partner eye Argentina grain freight network in Milei privatization push
Mexico's Grupo Mexico Transportes (GMXT), has signed a contract with the United States. Wabtec, a rail technology company, will bid jointly for Argentine's state-run cargo operator Belgrano Cargas y Logistica BCYL (BCYL), a GMXT employee said on Thursday. Source requested anonymity as they were not authorized by GMXT to discuss the deal. The privatization of BCYL, which is proposed by President Javier Milei, is part of his drive to transfer state owned companies into private ownership. Argentina will soon publish the documents for the privatization of BCYL. BCYL operates three of the largest freight trains in Argentina. The company didn't respond to our request for comment. Grupo Mexico?Transportes is a unit within Grupo Mexico. This conglomerate based in Mexico. Local media reported that several other companies had also expressed an interest in bidding. Rio Tinto, Bunge,?Cargill Company, Asociacion de Cooperativas Argentinas, and Aceitera General Deheza are among the companies that have expressed interest in bidding. Argentinian firm operates?Urquiza and Belgrano freight lines that together?transport?7.5 millions tons of produce each year, of which 60% are agricultural products or derivatives. The privatization plan aims to improve 'the transport of goods, such as grains, from the north and western parts of the country to the key export ports in the Rosario region. Argentina is a major grain supplier in the world and its mining sector is growing. (Reporting and editing by Inigo Alexandre and Sanjeev Miklani; Lucila Sigal)
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US and Canada delay opening new bridge after Trump raised concerns
U.S. president Donald Trump had threatened earlier this year to block the crossing. The U.S. government and Canada have now decided to postpone the opening of the $4.7 billion bridge that connects Detroit, Michigan and Windsor, Ontario. According to invitations, a formal ribbon-cutting was planned for Friday at the Gordie Howe international bridge. Windsor-Detroit Bridge Authority: "Canada and the United States agreed to delay opening the bridge. They will take the time necessary to resolve any outstanding issues." WindsorMayor Drew Dilkens told X that although officials wanted to?see this bridge open, Canada did not have to beg for it. Pete Hoekstra is the U.S. Ambassador to Canada and he told The Detroit News that he, along with Commerce Secretary Howard Lutnick, are leading the discussions with Canada regarding the opening of the bridge. Lutnick’s office didn't immediately respond to an inquiry for comment. Mark Carney, Canadian Prime Minister, said that the new bridge would benefit Canadians, Americans and business people, as well as tourists, residents, and visitors for many decades. "Everyone is working hard to make sure that the bridge opens as soon as possible. No big drama. Carney stated that if it takes a bit longer, then it will take a bit longer. The White House did not comment. Trump in February said that Canada's refusal of to stock certain U.S. alcohol beverages on Canadian shelves, Canada tariffs on dairy and trade talks with China were reasons why he may not allow the bridge's opening. Matthew Moroun is the owner of a rival Ambassador Bridge that connects Detroit to Windsor. He met with Lutnick in February and had given $1 million weeks earlier to a Trump-aligned PAC. House Democrats claim that Moroun has used his influence in order to "jeopardize American trade"?to protect the bottom line of his company. Canada financed the construction of the bridge that began in 2018 because?the U.S. refused?to?pay for?it. Tolls will cover the costs over a period of 30 years. Homeland Security Secretary Markwayne Mullin stated at a Senate Hearing last week that his department was "ready to go" for staffing the Gordie-Howe Bridge. The new bridge is expected to ease the truck traffic on the privately-owned Ambassador Bridge, which leads into Detroit. Detroit is the largest border freight port in the U.S. and Canada, with a value of $126 billion traded by trucks. According to a study by the University of Windsor, it will reduce the crossing time by 20 minutes, saving truckers $2.3billion over 30 years. In his second term, Trump has threatened Canada and dramatically increased tariffs against the U.S. neighbor to the north. Trump has said that he may not renew the free trade agreement with Mexico and Canada. Reporting by David Shepardson, Editing by Chizu nomiyama and Mark Porter
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CPC Blend oil exports reached a record of 1.83 million bpd as Tengiz restored output, according to sources
Two industry sources reported that the Caspian Pipeline Consortium (CPC) had a record oil loading of?7.187 millions metric tons (or about?1.83million barrels per day). This was due to a higher production at?Kazakhstan?s giant Tengiz?oilfield following temporary maintenance. The oil output of the Tengiz Field was reduced for several days by a malfunctioning power transformer at the end May. However, it was restored. Calculations showed that daily CPC Blend oil loads rose by 10% from April to May. In April, loadings totaled 6.314 millions tons or 1.67 million barrels per day. One source said that the CPC system saw a rise in the number of crude oil loadings from 5.45 to 6.27 millions tons in May. The volume of Russian crude oil shipped via CPC has also increased, increasing to 0.92 millions tons from 0.86million tons in April. CPC does not comment on commercial activities. CPC also increased its June export plans for CPC Blend crude from 1.45million bpd to 1.7million bpd or approximately 6.5 million tonnes for the month. They said that the revision was due to the postponement of maintenance on the Kashagan oilfield until 2027, and the recovery in production from Tengiz. Kazakhstan has stopped oil exports from Germany since May 1. The?volumes that were freed up will be diverted to the CPC route. CPC anticipates that oil shipments will increase to 72 millions tons by 2026, up from 70.5million?tons in 2020. CPC's pipeline transports more than 80% of Kazakhstan oil exports. This is mainly from large Caspian oil fields such as Tengiz and Kashagan. The crude oil is loaded on tankers at the consortium's terminal in Yuzhnaya Ozereyevka, near Novorossiysk along Russia's Black Sea Coast. CPC's shareholders include Russia, with 31%, Kazakhstan, with 20,75%, Chevron, with 15%, as well as several private companies. (Reporting and Editing by Susan Fenton).
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German players will pay for 600 stadium trips to fans amid rising transport costs
German players are offering to cover the costs of transport for 600 fans to attend their 'last Group E match against Ecuador on June 25 in New Jersey. The city authorities raised rail and bus prices from New York to New Jersey's MetLife Stadium several times, citing the increased pressure on public transportation systems. Fans who had already paid high prices for match tickets were angry. The German Football Association told the BBC that the players of the German national team had arranged free transportation to the final match of their group for 600 fans. "Captain Joshua Kimmich, his teammates and the New York Yankees will cover the cost of buses that will take fans from New York to the New Jersey arena for the match against Ecuador." Could not confirm the statement immediately. The cost of a round-trip train ride to the stadium, which usually costs $12.90 has been reduced from $150 after NJ Transit received a lot of criticism. Shuttle buses are now only $20 instead of the original $80. The last two World Cups, in Russia and Qatar, were free of charge for fans. On Sunday, Germany's four-time world champions will face Curacao in Houston. (Reporting by Chiranjit Ojha in Bengaluru; Editing by Andrew Cawthorne)
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Gasly's Monaco penalty is reviewed by the Alpine team and cleared of its first hurdle
The Alpine Formula One Team has overcome the first hurdle in a review of the Monaco Grand Prix pit-lane speeding penalties which cost Pierre Gasly his podium place. Stewards said in a statement the petitions for review were admissible and that they accepted that there was an important and new element which was not available to them when the decisions were made last Sunday. The virtual hearing moved on to the second stage of the event ahead of the "Barcelona-Catalunya Grand Prix". Renault-owned Alpine argued that the stewards were not aware of the 'issue' with the timing loops on the pit lane before the race. In the statement, Alpine said it also had data showing Gasly engaged the speed limiter on the car before entering the pits and stayed within that limit. Alpine claimed in a letter that "FOM as the Official Timekeeping Supplier of the Competition provided evidence that distances used to calculate the F1 Official Timing and therefore the pit lane speeds were inaccurate, and that Car 10's speed was overestimated". Gasly, a Frenchman, finished 'third on the road' in Monaco. It was essentially a home race for him and his team. However, he was demoted to'seventh place after receiving two 5-second penalties due to pit lane speeding. Gasly was one of many drivers who were penalised by the court for similar offenses. He had been doing 60,1, and 60,4 kph, when the speed limit?was only 60 kph. Gasly later said that he was "absolutely devastated" by the penalties, and "to see my lifelong dream of being on the podium in Monaco taken away for reasons I cannot understand". (Reporting Alan Baldwin, Editing Alex Richardson).
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Trump wants to "take" Iran’s Kharg Island oil center
Donald Trump, the U.S. president, said that he wanted to 'take over Iran's oil-infrastructure hub Kharg Island on Thursday but was unsure if the 'Americans had the stomach for such a major escalation of the war. "My preference was always to take Kharg Island... that's my preference." In an interview with Fox News, he stated that he didn't think America would be able to stomach it. Iran has maintained its stockpile of highly enriched uranium after more than three months of war. U.S. airstrikes on Iran continued for the second day, a worsening in?hostilities which has weakened prospects for an end to this?war? quickly. Trump stated that the U.S. will attack Iran with intensified attacks but would prefer not to hit bridges or power plants. "There will more bombing tonight." He said it would be "bigger - bigger and more powerful" on the Fox & Friends program. Trump has said that despite plans for further strikes, the U.S. Iran and the U.S. are still in talks to come up with a deal. The White House didn't immediately answer a question about whether or not the ceasefire agreement reached in April is still in effect. Iranian sources - and Western officials - said that indirect U.S. - Iranian talks on a preliminarily peace deal have intensified. Trump was upset with the media's coverage of Iran and its intransigence. Trump declared, "The whole thing is insane." "They are really submissive." "They just don't realize it yet." Since the U.S. launched airstrikes on Iran in February, thousands of people have died, mostly in Iran and Lebanon. The war has also pushed up oil prices globally. Reporting by Susan Heavey; Doina chiacu and Katharine Jackson, Editing by Doina chiacu
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Hungarian prosecutors order an investigation into insider trading in some MOL shares sold as early as 2026
Budapest's chief prosecutor’s office announced on Thursday that Hungarian prosecutors had ordered a police investigation into certain transactions relating to shares of oil company MOL in order to determine if they had violated the rules on insider trade. The police investigation follows a February probe by the??National Bank of Hungary into the sales of MOL stock by company officials following the January 27 suspension of crude oil shipments via the Druzhba Pipeline to Hungary. The shipments resumed only in late April. In an email?reply, prosecutors stated that "based upon current data, circumstances of relevant share?sales cannot be clarified without an investigation". Budapest Police has launched an investigation based on the suspicion of insider dealing. MOL didn't immediately respond to a comment request. In February, MOL said that its executives executed their share transactions in accordance with a law and disclosed the transactions through legal channels. MOL stated that the company had "always complied in every respect with all relevant laws", when the central banks announced their investigation. RETAILSTOCK INVESTORS AFFILIATED REPORT IN FEBRUARY The association of retail stock investors TEBESZ, which is the supervisory authority for capital markets, filed a report in February with the central banks about the sales of MOL stocks by company officials "in the days after the January 27th halt of Druzhba oil shipments". MOL said on 'February 16 that it had requested the Energy Ministry to release strategic reserves due to the stoppage of?Druzhba supplies. Kyiv announced on February 12 that Russian oil exports via the Ukrainian portion of the Druzhba pipeline to Eastern Europe had been "suspended" due to an attack by Russia. MOL shares rose by nearly 5% on Thursday, after the company concluded talks with Serbia on a shareholder's agreement regarding the acquisition of a stake from the Russian-owned and U.S. sanctioned oil company NIS. (Reporting and editing by Jan Harvey; Krisztina than)
Palestinians detained in Greece pending trial over suspected Hamas connections
Legal and police sources said that Greek judges ordered Thursday the detention of a Palestinian accused?of being part of a Hamas linked network plotting attacks against Israeli targets in Europe and Asia.
Authorities said that the 37-year old suspect, who denies any wrongdoing, had been detained by Greece's anti-terrorism police unit and intelligence service on Crete on 6 June.
Investigators discovered that he had placed online orders for explosive materials but never received them.
His lawyer said that the evidence was thin, and revealed inconsistencies.
"The defendant's personality, mentality and demeanor do not resemble that of a terrorist or criminal." Spyridon Panazis, criminal defense attorney, said that he appeared to be a victim in a case based on flimsy evidence and rife with significant gaps.
The arrest of two Palestinians aged 32 and 38 in Cyprus was made on 22 May. Police have confirmed that explosive materials found during searches are being investigated for possible terrorism-related activity.
Sources in the Greek police claim that both cases are connected.
Sources say that one of the suspects arrested in Cyprus said he believes their recruiters planned to attack Greece, Cyprus and Turkey as well as Myanmar, Thailand, Malaysia, and Thailand. They were trained on explosives.
The man, 37 years old, who was arrested in Crete in 2023 arrived in Greece after living in Gaza for?years and was granted asylum. The investigation found that he had travelled to Malaysia in?2025, where he met a man who was later arrested in Cyprus.
Sources claim that the detainees from Cyprus met Hamas members in Istanbul.
Michalis Chrysochoidis, Greek Citizen Protection minister, told Skai?radio Wednesday that both cases are indicative of a larger network attempting to plan terrorist attacks in Europe.
On Thursday, a?court?in Cyprus?ordered that the two suspects?arrested in Cyprus and a third person?be brought before a criminal?court on August 6th. The semi-official Cyprus News Agency said that they face charges related to terrorism and membership in a banned organization. (Additional reporting in Nicosia by Michele Kambas; Editing by Aiden Lewis)
(source: Reuters)