NEWS

Here’s TWZ’s weekly carrier tracker monitoring America’s flattop fleet, including deployed Carrier Strike Groups (CSG) and Amphibious Ready Groups (ARG), using publicly available open-source information. Check out last week’s report here.

The United States lifted its naval blockade of Iranian ports, U.S. Central Command (CENTCOM) announced on Friday, following the execution of the Islamabad Memorandum of Understanding in Versailles. While the blockade is over, the fate of the blockade forces – and future U.S. force posture in the region – remains unclear. The “plan is to keep the current force posture” during negotiations, a U.S. official said on background, but “the agreement contemplates the reduction in military forces in the region upon the agreement of a final deal.”

Major U.S. naval assets, including two aircraft carriers, continue operating “in the general area to support freedom of navigation,” according to a press release from CENTCOM. “U.S. forces remain present and vigilant to ensure all aspects of the agreement with Iran are adhered to, obeyed, and in full force and effect.” USS Abraham Lincoln, now deployed for more than seven months, was conducting flight ops in the CENTCOM area of responsibility (AOR) as of June 21, and USS George H.W. Bush was last spotted on June 20.

USS Nimitz arrived at Naval Station Mayport in Florida on June 16, marking the completion of her participation in Southern Seas 2026. “This year’s deployment marked the 11th iteration of the Southern Seas exercise since 2007, demonstrating the United States’ enduring commitment to the Western Hemisphere. Southern Seas 2026 highlighted unprecedented diplomatic and military integration, recording the highest number of Latin American leadership visits in the exercise’s history, with approximately 339 distinguished visitors embarking and 3,100 guests hosted during port visits.” Nimitz is on the final leg of a homeport shift to Naval Station Norfolk after the Navy announced a service life extension into 2027.

USS Dwight D. Eisenhower departed Norfolk on June 17 for Fleet Replacement Squadron Carrier Qualifications (FRS-CQ) and is underway in the Virginia Capes Operating Area, according to publicly available AIS data. Eisenhower is not scheduled to deploy this year, and is preparing for a deployment in early 2027, TWZ has learned.

USS Theodore Roosevelt got underway on June 15 and is conducting exercises off the west coast in the U.S. 3rd Fleet AOR. The drills are meant to “bolster strike group readiness and capability” and the crew was spotted participating in firefighting drills, barricade drills, and crash and salvage training on the flight deck. While the upcoming deployment date is unknown, Roosevelt is the next carrier slated to deploy.

USS Carl Vinson is moored at Berth Lima at Naval Air Station North Island in San Diego. Over the weekend, Vinson was the centerpiece of NASCAR’s “Race the Base” event at Naval Base Coronado. “The event marked a historic collaboration between the U.S. Navy and NASCAR while celebrating the service’s enduring connection to the American people. It provided attendees opportunities to engage directly with Sailors, explore Navy capabilities, and learn about the Navy’s role in defending the nation around the globe.”

“Hitting customers with hidden fees is illegal. It’s not fair to draw people in with what looks like a good deal, only for them to find the real price is higher when they get to the checkout due to extra charges that can’t be avoided,” said Emma Cochrane, executive director of consumer protection at the CMA.

Goals from Nadhir Benbouali and Amine Gouiri steered Algeria to a 2-1 win over Jordan in Group J, completing their second-half comeback.

Algeria stormed back to beat Jordan 2-1 and eliminate the World Cup debutants with a match to spare on Monday thanks to second-half goals ⁠from substitute Nadhir Benbouali and Amine Gouiri.

Benbouali’s header cancelled out Nizar Al-Rashdan’s first-half opener, and Gouiri poked home in a goalmouth scramble eight minutes from time to revive Algeria’s campaign after their opening 3-0 loss ⁠to Argentina.

The victory put Algeria level with Austria on three points in Group J, while ensuring defending champions Argentina will go through to the round of 32 as group winners following their 2-0 win over the Austrians earlier on Monday.

Algeria coach Vladimir Petkovic put veteran attacker Riyad Mahrez in his starting 11 after benching him against ‌Argentina, and he proved influential in breaking down a Jordan team that defended in numbers and was quick on the counterattack.

Mahrez blew an early chance when he ran onto a sublime lofted pass from Hicham Boudaoui but lost the ball under his feet. He then latched onto another long ball from Boudaoui to be one-on-one with Yazeed Abu Laila, but the Jordan goalkeeper got a hand to his chipped shot.

Jordan, who lost their opener 3-1 to Austria, went ahead in the 36th minute ⁠following clever link-up play and a touch of fortune when Algeria midfielder Ramiz ⁠Zerrouki turned the ball over in defence.

Mousa Al-Tamari’s shot went sideways to Al-Rashdan, who drilled home first-time into the bottom right corner.

Petkovic brought on Nabil Bentaleb and Benbouali at the break, and Algeria lifted their intensity.

Surrounded by Jordan defenders, Benbouali rose highest to ⁠meet a Mahrez corner and sent a glancing header bouncing into the corner of the net in the 69th minute.

Thirteen minutes later, Algeria took the lead ⁠from another setpiece.

Substitute Anis Hadj Moussa curled in a corner kick ⁠and a deflection off Jordan goalscorer Al-Rashdan allowed a gleeful Gouiri to poke in the winner.

For Algeria, it sets the stage for a grudge match against Austria, 44 years after the “Disgrace of Gijon”.

At the 1982 World Cup, Austria and West Germany were alleged to ‌have colluded in a group match against each other to ensure both would advance at the expense of eliminated Algeria.

West Germany and Austria denied wrongdoing and FIFA cleared them.

Algeria can take a measure of revenge ‌against ‌Austria when they face them in Kansas City on Saturday, while Jordan face Argentina and superstar Lionel Messi, who has scored all five of their goals at the World Cup so far.

A number of the papers pick up on the jibe from a Tory MP who shouted “He’s not the Messiah” as Andy Burnham returned to the Commons. “Messiah without a Mandate” is the Daily Mail’s headline, pointing to the fact that Burnham may become prime minister without being challenged. The Telegraph suggests Burnham’s response, that he was “just a naughty boy”, is one reason why Labour likes him. “Compared with Keir Starmer, he’s the king of bants,” says the paper’s columnist Tim Stanley.

Senegal fought back until stoppage time but couldn’t draw level and must beat Iraq for a chance to progress.

Erling Haaland scored his second World Cup brace in a row as Norway beat Senegal 3-2 at New York New Jersey Stadium to secure their place in the last 32.

Norway substitute Marcus Holmgren Pedersen struck late in the first half, before Haaland doubled the lead shortly after the break in the Group I fixture on Monday.

Ismaila Sarr cut the deficit for Senegal, only for Haaland to punish more slack defending as Norway progressed to the knockout rounds with a game to spare, despite a late consolation from Sarr.

Manchester City forward Haaland now has four goals in two games at the tournament, hot on the heels of Lionel Messi’s double earlier in the day, which carried him to a record 18 World Cup goals. Not to be outdone, Kylian Mbappe scored another brace, too, as France beat Iraq 3-0.

Norway have lost only once in their last 18 matches and will take on France in a compelling battle for top spot in the group in Boston on Friday.

Senegal must beat Iraq, who are also without a point, in their final game to stand a chance of avoiding an early exit.

Led by the unstoppable Haaland, who increased his astonishing international goals tally to 59 in 52 games, Norway recorded back-to-back wins at the World Cup for the first time.

They added weight to the belief they can do serious damage at these finals with a dominant display against a Senegal side that paid heavily for their errors.

Norway quickly set the tone as Kristoffer Ajer’s header forced Senegal goalkeeper Edouard Mendy into a terrific save with his legs at a corner, but they lost full-back Julian Ryerson to injury early on.

Captain Martin Odegaard skied over an inviting cut-back from the right for Norway, as Nicolas Jackson looked to be Senegal’s most dangerous threat.

Mendy again came to Senegal’s rescue with a superb block to deny Odegaard, after Haaland cushioned down Antonio Nusa’s chipped cross into the box.

But Mendy allowed Pedersen’s low drive to creep under him after a dreadful mistake from skipper Kalidou Koulibaly gave the ball to the replacement right-back on the edge of the box.

Haaland rolled against the post from a tight angle after Mendy got in a tangle, but he made amends three minutes into the second half as Norway sliced Senegal apart on the counterattack.

Odegaard surged upfield and slid a pass through to Haaland, who buried an emphatic finish past Mendy to add to the two goals he scored in Norway’s opening 4-1 victory over Iraq.

Senegal clawed their way back as Sarr showed great composure to poke home after tumbling to the ground following a clever flick into the area by Sadio Mane.

However, Koulibaly was at fault once more, failing to clear as Haaland steered a volley in off the crossbar from Patrick Berg’s cross, delighting Norwegian fans, who provided a colourful backdrop with their viral, rowing chant.

Mory Diaw came on for the injured Mendy in goal, but only a headed goal-line clearance from Pathe Ciss prevented Oscar Bobb from netting Norway’s fourth.

Sarr’s second of the night set up a tense finish, but Norway held on to join France in the next round and leave Senegal’s hopes hanging by a thread.

Sarr also became the first Senegalese player to score at two different World Cups.

Iran’s chief negotiator said the Strait will never return to the way it was before the war, but also said Iran will fully comply with international law. He spoke while on his way back from first round talks with the US in Switzerland.

England head coach Thomas Tuchel has admitted he is not a fan of the controversial hydration breaks being used at the World Cup.

Tuchel, 52, was speaking before England’s second Group L game against Ghana in Boston on Wednesday (21:00 BST), where rain and cool temperatures are forecast.

England’s fans started the now customary jeering of the breaks when play was stopped in the first half of their opening game against Croatia in Dallas, despite the match being played under a roof in an air-conditioned arena.

The breaks will continue to be used in Boston irrespective of the weather, but Tuchel expressed his reservations about them and the impact they are having on games.

“I think that it interrupts and changes the identity of a football match much more than I thought. I had hydration breaks before when it was really, really hot and needed, but they were shorter,” Tuchel said.

“They were shorter and they were just in a few matches. In the interests of fairness here, it is now done in every match for every team.

“It breaks the match almost in four quarters. And I think it changes the characteristic of the match more than I thought.”

US says the decisions follow Iran’s commitment to allow international nuclear inspections.

Egypt’s team will return to their training base in Spokane, about 450km east of Seattle, after rejected flight.

The Egyptian FIFA World Cup team’s plan to fly directly from Vancouver to Seattle ahead of their final group match against Iran was declined by local security officials, coach Hossam Hassan has said.

“The security authorities refused the team’s request to stay in the city of Seattle as planned after the New Zealand match in the World Cup, and therefore the team’s delegation will return to the city of Spokane,” Hossam said in a statement released by the Egyptian Football Association on Monday.

The Egyptian team had submitted a request to remain in Seattle this week, but will now return to their training base in Spokane, about 450km (280 miles) east of Seattle, according to a report by the Daily Mail.

Egypt posted their first-ever World Cup victory on Sunday over New Zealand in Vancouver. Mohamed Salah scored as Egypt rallied from a goal down to win 3-1.

‘Too much change, but nothing really is changing for the better.’ Londoners shared mixed reactions to Keir Starmer’s resignation, voicing frustration over living costs, political turmoil and unfulfilled promises.

Qatar’s PM Sheikh Mohammed bin Abdulrahman Al Thani told Al Jazeera that safeguards have been put in place to prevent US-Iran negotiations from regional escalation, including tensions in Lebanon and the Strait of Hormuz, stressing diplomacy and respect for agreements.

Messi scores twice to become all-time leading scorer in men’s World Cup history as Argentina reach knockout rounds.

Lionel Messi became the leading scorer in World Cup history as the captain struck twice to give Argentina a 2-0 win over Austria and send the champions into the last 32.

The player widely regarded as the greatest of all time pounced late in the first half in Texas on Monday with a trademark left-footed finish after neat build-up play.

The predatory goal added to his hat-trick in Argentina’s opening match to make it 17 in total at the World Cup.

The 38-year-old then sealed the match deep in injury time after a scramble in the box, as he outfoxed four defenders who lined up to keep the ball out.

It should have been even better for Messi, who missed a penalty early on, stunning a fiercely pro-Argentina 70,649 crowd at the air-conditioned home of the Dallas Cowboys.

With both sides knowing a win would put them into the knockout rounds with a game to spare, Lautaro Martinez was brought down in the box, sandwiched by two Austrian players.

Referee Amin Mohamed gave a penalty after a VAR intervention, and a wall of noise went up as Messi stepped forward on nine minutes.

But his run-up was slow and his weak effort off target, dragging it wide.

For all his brilliance, Messi – who turns 39 on Wednesday – is surprisingly poor from the penalty spot by his standards.

He also saw his spot-kick saved by Wojciech Szczesny in a 2-0 win over Poland at the 2022 World Cup, where Argentina went on to be champions, and missed at the 2018 tournament.

In the 19th minute Messi had a clear sniff at goal, only for Austria captain David Alaba to steal the ball off his toes at the last moment as he danced through on goal.

Alaba denied Messi again just after the half-hour mark, blocking his goalbound shot with goalkeeper Alexander Schlager stranded.

Ralf Rangnick’s Austria, who beat debutants Jordan 3-1 in their opener, were content to sit back. They did not have a shot on target in the first half.

Messi makes history

And then the came the big moment, Messi sweeping in on 38 minutes after being set up by Facundo Medina, with Thiago Almada cleverly letting the ball run through his legs to leave Argentina’s talisman all on his own and the goal gaping.

The Argentina fans, who greatly outnumbered their Austrian counterparts, rose to acclaim their hero.

Messi had equalled Miroslav Klose’s all-time mark of 16 World Cup goals when hitting a hat-trick in a 3-0 win over Algeria in the holders’ opening game.

Lionel Scaloni’s side failed to build on their lead, and the second half drifted, neither side creating much.

If anything, Austria threatened slightly more, but Argentina goalkeeper Emiliano Martinez was only once seriously troubled.

And then up popped Messi to have the last word at the death.

Julian Alvarez’s initial ‌attempt ‌was saved by Schlager but the rebound was worked to Messi who, after seeing his first shot blocked, pounced to drive in a low strike from six yards out that confirmed the points.

Caracas, June 22, 2026 (venezuelanalysis.com) – Hundreds of rice producers took to the streets on Sunday in Calabozo, Guárico state, to urge the Venezuelan government to take action against agribusiness imports and price fixing.

The “tractorazo” saw local campesinos block one of the state’s major highways with tractors, trucks, and other heavy machinery carrying Venezuelan flags and signs with some of the main demands. Local sources estimated turnout at over 300.

“We are here on behalf of the producing states in Venezuela with a struggle that is just and urgent,” local spokesman José de la Cueva stated. “We urge the Venezuelan government to review its public policies so that national production is not destroyed.”

De la Cueva and other speakers emphasized the need for authorities to control imports, establish fair prices, and implement subsidies for the production of rice and other crops. Protesters contended that they have no conditions to compete with imports from countries where rice is subsidized, including Brazil and the US.

Rice growers, particularly in agricultural states Barinas, Cojedes, Guárico, and Portuguesa, have warned for months that agroindustry conglomerates have been importing massively since February.

According to agribusiness lobby FEDEAGRO, Venezuela has received more than 300,000 tons of imported rice in recent months. The amount is nearly half the 683,000 reportedly produced in the Caribbean country in 2025.

FEDEAGRO has complained that the exoneration of tariffs and import taxes is benefiting imported rice against national competitors. Imports of other crops such as corn have also skyrocketed, with purchases from the US more than tripling in the first five months of 2026 when compared to the previous year.

Meanwhile, campesinos have repeatedly denounced that local agribusiness corporations outright refuse to receive rice crops or attempt to impose prices as low as US $0.30 per kilo. Venezuela’s Agriculture Ministry established $0.40 per kilo following meetings with agroindustry and campesino representatives. Producers complained that the price did not take into account rising production costs and risked driving them bankrupt.

Alongside the latest street mobilization, rural organizations have likewise called for a boycott of Venezuela’s main agrifood conglomerates, including Polar and Iancarina.

The Small Farmers Movement (MPA), one of the organizations that took part in Sunday’s protest, issued a statement stressing that the defense of Venezuelan production and food sovereignty should become a “national unity cause.”

“This protest is about the survival of thousands of campesino families,” the text read. “It denounces the cruelty of agroindustry bosses whose voracious appetite for profit is fueling imports during harvest seasons to drive prices down.”

The MPA added that the growth of agricultural output in recent years has been based on “the exploitation of the work of thousands of campesinos” and urged social movements not to stay silent when it comes to the reality of small-scale producers in the countryside.

The campesino organization urged the government to adopt a series of measures, including implementing fair prices for rice and corn, reviewing import policies during harvest seasons, and investigating the “cartelization of prices” by agroindustry oligopolies. The MPA also called attention to the lack of credit for small-scale producers, which leaves them vulnerable to predatory lending agreements, including ones where they are offered seeds and inputs in exchange for a significant percentage of the harvest.

In a recent meeting with campesinos in Guárico state, National Assembly President Jorge Rodríguez vowed to investigate the issue of rice imports, claiming he was not previously aware of it. He urged agribusinesses to respect the previously agreed $0.40 price and called on public banks to reactivate credit for rural producers.

In recent years, with the economy heavily constrained by US sanctions, the Nicolás Maduro government moved to liberalize agricultural policies, transferring state competencies to the private sector, including provisioning of seed and fertilizer inputs and access to tractors. Fuel subsidies have also been phased out, with small-scale producers highlighting it as a major factor driving up production costs.

Edited by Lucas Koerner in Caracas.

The disruption caused by the Iran war and the temporary closure of the Strait of Hormuz has prompted countries around the world to reconsider their energy security strategies. Governments that suffered economic damage from supply shortages and soaring prices are now looking to build larger strategic oil and gas reserves, potentially creating demand for hundreds of millions of additional barrels over the coming years.

Hormuz Crisis Exposed Energy Vulnerabilities

The near-total closure of the Strait of Hormuz disrupted around one-fifth of global oil and liquefied natural gas supplies for more than three months, sending shockwaves through energy markets.

Brent crude prices surged to nearly $120 a barrel as import-dependent economies faced rising fuel costs, supply uncertainty and growing inflationary pressures.

Emergency Reserves Helped Stabilize Markets

One of the key factors preventing a deeper energy crisis was the release of strategic petroleum reserves.

All 32 members of the International Energy Agency agreed to a record release of 400 million barrels from emergency stockpiles, helping offset supply disruptions and ease pressure on global markets.

The coordinated action highlighted the importance of maintaining large emergency reserves during major geopolitical crises.

China’s Stockpile Strategy Pays Off

China emerged from the crisis in a stronger position than many other major importers due to its massive strategic petroleum reserve.

The country has spent years building what is believed to be the world’s largest emergency oil stockpile, estimated at more than one billion barrels.

During the conflict, China significantly reduced crude imports, allowing it to avoid buying large volumes of oil at elevated prices and limiting the economic impact of the disruption.

Import-Dependent Economies Face Greater Pressure

Countries with limited strategic reserves faced much greater challenges.

Several Asian economies relied on emergency measures such as:

• Fuel subsidies
• Consumption restrictions
• Reduced working hours
• Energy-saving programs

The experience exposed vulnerabilities among countries heavily dependent on Middle Eastern energy supplies without substantial emergency stockpiles.

India Eyes Larger Strategic Reserves

India is among the countries most likely to expand its emergency storage capacity.

As the world’s third-largest oil importer and one of the fastest-growing energy consumers, India currently holds reserves covering only a small fraction of its import needs.

Meeting International Energy Agency standards would require hundreds of millions of additional barrels of storage capacity.

Recent plans under consideration suggest New Delhi is moving toward expanding its strategic petroleum reserve network.

Pakistan Also Reviewing Energy Security

Pakistan, which relied heavily on Middle Eastern oil and LNG imports before the conflict, is also examining ways to increase domestic storage capacity.

The Hormuz disruption underscored the risks facing countries that lack sufficient reserves to absorb prolonged supply interruptions.

Australia Moves to Address Reserve Gap

Australia, long criticized for failing to meet International Energy Agency stockpile requirements, has announced plans to significantly increase fuel reserves.

The move reflects a broader recognition that energy security has become a national security issue amid growing geopolitical uncertainty.

Europe Considers Additional Gas Storage

Europe already maintains extensive gas storage infrastructure to manage winter demand.

However, the war has renewed concerns about dependence on imported LNG, particularly as the region increasingly relies on overseas suppliers.

Additional government-controlled gas storage facilities may become part of future energy security planning.

Gulf Producers Seek Overseas Storage

The lessons of the Hormuz disruption are also influencing major energy exporters.

National oil companies in the Gulf are exploring opportunities to expand storage capacity outside the region to maintain export flexibility during future crises.

Additional overseas storage could help producers continue serving customers even if regional shipping routes face disruptions.

Oil Market Impact

The expansion of strategic reserves worldwide could create substantial new demand for crude oil and refined products.

At the same time, emergency reserves that were depleted during the conflict will need to be replenished.

Together, reserve rebuilding and new storage programs could generate demand for roughly one billion barrels over the coming years, providing support for global oil prices even if overall supply growth remains strong.

What It Means for Global Energy Security

The Hormuz crisis has reinforced a lesson many governments learned during previous energy shocks: supply security can be just as important as supply availability.

Countries are increasingly viewing strategic reserves not as emergency assets to be used rarely, but as a core component of economic and national security planning. The crisis has also demonstrated how large stockpiles can provide governments with flexibility to reduce imports during periods of market stress and extreme prices.

Analysis

The most significant consequence of the Iran war may not be the temporary spike in oil prices but the long-term shift in how countries manage energy security. The conflict exposed a clear divide between nations with large strategic reserves and those forced to absorb the full impact of supply disruptions. China emerged as a model for energy resilience, while countries such as India and Pakistan were reminded of their vulnerability to geopolitical shocks.

If governments follow through on plans to expand storage capacity, the global oil market could gain a major new source of structural demand. Reserve construction and replenishment may help absorb future supply surpluses and provide a floor for prices, particularly during periods of weak economic growth.

At the same time, larger strategic stockpiles could make future oil shocks less severe. Countries with substantial reserves are better positioned to reduce imports during crises, dampening demand spikes and limiting extreme price volatility. In the longer term, the world could emerge from the Hormuz crisis with a more resilient energy system, but one in which strategic stockpiles play a much larger role in shaping oil demand, trade flows and government policy.

With information from Reuters.

The move, expected under the MoU, comes as Vice President JD Vance says there’s a ‘good foundation’ for a final deal.

The United States has partially lifted sanctions on Iranian oil exports following “encouraging” talks over ending their conflict.

The US Treasury issued a 60-day sanctions waiver on Monday, paving the way for the production, delivery and sale of Iranian oil to the US. The move came amid positive reports from mediators and the US vice president regarding talks in Switzerland between Washington and Tehran aimed at establishing a full peace deal.

The waiver is a condition included in the 60-day memorandum of understanding (MoU) signed by Tehran and Washington on June 17.

US Treasury Secretary Scott Bessent said that the US-Iran talks have been “productive” and that several of the MoU’s stipulations are moving ahead.

“Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country,” he wrote on social media. “As part of the framework, Treasury has issued a temporary 60-day general licence authorising the production, delivery and sale of Iranian oil.”

The licence lasts through August 21 and covers crude oil, petrochemical products, or petroleum products of Iranian origin. It permits Iranian oil to be imported into the US but does not authorise transactions involving US-sanctioned North Korea or Cuba, or Russian-occupied Ukraine.

There was no immediate response from Iranian government officials.

Oil prices continued their recent decline upon news of the waiver, with Brent crude dropping over 3.5 percent to $77.7 per barrel.

‘Good foundation’

Bessent’s announcement came as US Vice President JD Vance voiced optimism over the Tehran-Washington discussions in the Swiss resort of Burgenstock.

“We laid a very good foundation for a successful final deal,” he told reporters and shrugged off yesterday’s online tit-for-tat between President Donald Trump and top negotiator Mohammad Bagher Ghalibaf.

“Social media threats that they would walk out” did not come to fruition,” Vance noted. “There was a little bit of threatening, there was a little bit of whining, but at the end of the day the talks continued and we made great progress.”

Mediators at the talks said that Washington and Tehran had made “encouraging progress” at the first round, according to Reuters.

The vice president did not give a firm timeline for when nuclear inspections may start, but said conversations with the IAEA could happen as soon as Monday.

The US has said that the need to prevent Iran from developing a nuclear weapon was a key driver of its attacks, and demands that Tehran reopen its nuclear facilities to international oversight.

Iran has persistently rejected accusations that it seeks to develop a nuclear arsenal, insisting that its nuclear programme is purely for civilian purposes.

A busier waterway

Shortly before the waiver announcement, the Strait of Hormuz was reported to be seeing an increase in oil and gas tanker traffic, just two days after Iran said it would close the waterway again because of Israeli attacks on Lebanon.

Four Qatari-operated LNG tankers headed into the Gulf and through the strait on Monday, while two supertankers – which can carry up to four million barrels of crude oil – entered. One indicated its destination as the Iraqi port of Basra, according to ship tracking data.

Two smaller crude oil tankers, laden with just under two million barrels, sailed out of the waterway and into the Gulf of Oman on Monday, according to MarineTraffic.

“While daily transits remain below the 125 crossings prior to the Iran hostilities, the trend is positive,” said the shipping firm Clarksons.

The US has maintained that the strait was never closed for the second time and tracked 55 merchant ships loaded with more than 17 million barrels of oil on Saturday.

Ukraine says facility a ‘critical component’ in defence production as local Russian authorities confirm attack.

Ukraine’s military has said it struck a plant producing electronics for missiles in Russia’s Voronezh region, as well as the Dubna satellite communications centre in the Moscow region.

In a statement on Telegram on Monday, the Ukrainian General Staff said it had used air-launched cruise missiles to hit the plant in Voronezh, which it described as a “critical component” in Russia’s defence production.

Alexander Gusev, the Voronezh governor, said a production plant was damaged and three people were injured in the attack, without specifying the nature of the facilities.

Gusev said in a post on Telegram that air defence forces had destroyed several high-speed targets in the skies over Voronezh and warned residents of the danger of missile attacks.

The Ukrainian military also said it struck Russia’s Dubna satellite communications centre in the Moscow region, adding that heavy smoke was observed at the site and the extent of the damage was being assessed.

Eighty-four drones headed for Moscow were downed in the past 24 hours, the city’s Mayor Sergei Sobyanin said on Telegram.

He said emergency services had been dispatched to the areas where drones were downed, but gave no further information.

The airports of Sheremetyevo, Domodedovo and Vnukovo, as well as Zhukovskiy near the Russian capital, had temporarily suspended flights, the aviation watchdog said separately.

In total, Russian defence systems downed 301 drones overnight, local news agencies said, citing the Ministry of Defence. That tally included Russian-occupied areas of Ukraine.

The latest raids follow a drone attack that hit Moscow’s sole oil refinery last week, in one of the biggest air attacks on the city since Russia’s full-scale invasion of Ukraine in 2022.

Teenager killed in Ukraine

In Ukraine, authorities said a Russian drone attack early on Monday in the Sumy region killed a 13-year-old boy, his 36-year-old father, and his 73-year-old grandmother.

Regional governor Oleh Hryhorov said the 73-year-old was the mother of the man’s roommate.

Russian drone attacks in the southeastern Ukrainian city of Zaporizhzhia overnight and early on Monday killed two people and injured a further seven, Ukraine’s emergency services said.

Russia also hit the southern Odesa region with an Iskander ballistic missile on Sunday evening, killing one and injuring three people, regional governor Oleh Kiper said on Telegram. Vehicles and fuel storage tanks caught fire after the strike hit an agricultural facility, he said.

Elsewhere, the city of Sevastopol in Russian-annexed Crimea cancelled all open-air public events on Monday and will keep streetlights switched off, its governor, Mikhail Razvozhayev said, as he called on people to curb electricity usage.

Russian drones hit a Turkish dry cargo vessel, the Victress, which was sailing under the Panamanian flag, Ukraine’s navy said.

Deputy Prime Minister Oleksii Kuleba said a 58-year-old Egyptian cook was killed and eight other crew members, including Turkish and Indian nationals, had to evacuate on a lifeboat.

The leaders of Europe’s top military powers will meet on Wednesday in Berlin to discuss the Ukraine conflict and an upcoming NATO summit.

Chancellor Friedrich Merz plans to host the leaders of France, Britain, Italy and Poland, a spokesman said Monday, adding that the resignation announcement of British Prime Minister Keir Starmer had not changed those plans.

The occupied West Bank has seen sustained and rising violence amid ongoing conflict between Israelis and Palestinians. Israeli forces conduct frequent raids in Palestinian areas, saying they are targeting militants and preventing attacks, while Palestinians and rights groups accuse the military of using excessive force and say settlement expansion is a major driver of instability. Israeli settlements in the territory are widely considered illegal under international law by the United Nations and most countries, though Israel disputes this and views the West Bank as disputed land with historical and security significance. In recent months, tensions have further escalated with increased restrictions on Palestinian movement near settlements, alongside a rise in attacks by both Palestinians against Israelis and by settlers against Palestinians, contributing to a cycle of violence that continues to claim lives on both sides.

Fatal Shooting Near Beit Ummar

The incident took place near the town of Beit Ummar in the southern West Bank.

Palestinian news agency WAFA identified the victims as teenagers aged 15 and 19. A relative confirmed their ages to Reuters.

Israeli Military’s Account

The Israeli military said its forces confronted three individuals who were throwing fire bombs and burning tyres near the settlement of Karmei Tzur.

According to the military, soldiers opened fire, killing two of the individuals and wounding a third.

Reuters could not independently verify the military’s account.

Third Teenager Hospitalized

WAFA reported that the third person involved in the incident was hospitalized in stable condition.

The Palestinian Red Crescent Society said the wounded individual is 15 years old.

Tensions Remain High in the West Bank

Israeli forces regularly conduct raids across the occupied West Bank and have tightened movement restrictions around Palestinian communities located near Israeli settlements in recent months.

The territory has experienced heightened tensions amid ongoing violence involving Israeli security forces, settlers and Palestinians.

Dispute Over Settlements

The international community, including the United Nations and most countries, considers Israeli settlements in the West Bank illegal under international law and a major obstacle to the creation of a Palestinian state.

Israel rejects that position, describing the territory as disputed and citing historical Jewish ties to the area.

Rising Violence

According to United Nations data, at least 57 Palestinians have been killed this year in incidents involving Israeli settlers and security forces.

At the same time, Palestinians have carried out attacks against Israeli soldiers and settlers in the West Bank, including at least one fatal attack in 2026, according to Israel’s Shin Bet domestic security service.

What’s Next

The Israeli military is expected to continue reviewing the circumstances of the shooting, including whether the individuals posed an immediate threat and how the confrontation unfolded near the settlement.

Palestinian officials are likely to pursue diplomatic and legal avenues, as similar incidents in the West Bank are often raised with international bodies, including the United Nations, amid ongoing disputes over the use of force by Israeli troops.

On the ground, the incident is likely to add to already high tensions in the West Bank, where Israeli raids, settlement activity, and Palestinian attacks have contributed to a cycle of violence in recent months.

Further clashes cannot be ruled out, particularly in areas close to settlements where movement restrictions and security operations have intensified.

International attention on West Bank violence is also likely to continue, especially as reported fatalities involving Palestinians and Israelis have remained elevated this year, keeping pressure on both sides amid an already fragile security situation.

With information from Reuters.

China has added 10 United States-based companies to its export control list and barred government procurement from nearly 50 US companies two weeks after the Pentagon blacklisted some of China’s best-known companies for their alleged ties to the Chinese military.

China’s Ministry of Commerce announced the export order on Monday, barring Chinese companies from exporting “dual-use” items that can be used for civilian or military purposes to the US firms.

The list of companies includes rare-earth mine operator MP Materials Corp, rare-earth magnet maker USA Rare Earths, and US defence contractors specialising in fields such as aerospace, drones, synthetic-aperture radar, and shipbuilding and repairs.

Under the order, “foreign institutions and individuals worldwide are also prohibited from transferring or providing Chinese dual-use goods to them” while ongoing export transactions must be suspended immediately.

The Commerce Ministry said the export ban had been issued to “safeguard national security and interests and fulfil international obligations such as non-proliferation”.

China’s Ministry of Finance on Monday separately barred Chinese government procurement from 46 companies, including subsidiaries of major US defence contractors like Lockheed Martin, Boeing, General Atomics and General Dynamics. US-funded, locally registered companies, however, have been given an exemption by the ministry.

Experts described Beijing’s orders as a retaliation, albeit a largely symbolic one, against the US after the Pentagon in early June added about 80 Chinese companies and their subsidiaries to its list of “Entities Identified as Chinese Military Companies Operating in the United States”.

The designation means the Pentagon either believes the companies are owned or controlled by the Chinese military or they are “military-civil fusion contributors”, a term for commercial companies that contribute to China’s military development despite their civilian status.

The updated list includes Chinese e-commerce giant Alibaba Holdings, search engine giant Baidu and electric automaker BYD, some of China’s largest and best-known companies.

While the order does not bar US companies from doing business with them, it does impact US defence contractors and their future supply chains.

“We can interpret this as a tit-for-tat response, and that fits into China’s playbook any time we’ve seen escalation from the US side in terms of trade and investment tools,” said Nick Marro, global trade lead analyst at the Economist Intelligence Unit.

China-based supply chain consultant Cameron Johnson said the Commerce Ministry’s order mirrors US semiconductor export controls designed to keep the most advanced chips out of Chinese hands.

“They basically say it doesn’t matter where or who you are, you are bound by this regardless of circumstance,” said Johnson, who is also a senior partner at the Shanghai consultancy Tidal Wave Solutions. “Organisations or individuals in any country or region are prohibited from transferring dual-use materials that originated in China.”

He said Beijing’s orders in practice may be hard to enforce and many of the companies named in those orders have already moved their supply chains out of China or begun to “de-risk” their operations there.

Johnson said the wide scope of companies included in Washington’s and Beijing’s directives could be a sign of more to come and may signal a new front in the US-China trade war.

“This is probably just the beginning of the back and forth,” he said. Last year, after returning to the White House for a second term, US President Donald Trump reignited the US-China trade war, leading Washington and Beijing to impose escalating rounds of tariffs on each other.

Trump and Chinese President Xi Jinping agreed to a trade truce in October, which was extended during a summit between the two leaders in Beijing in May.

Despite promises to “enhance economic cooperation” during the meeting, observers like Singapore-based geopolitical analyst Steve Okun predicted the goodwill may be short-lived.

“The US’s recent closure of chip export loopholes and China’s continuing addition to its export bans show the national security lane remains active in both capitals regardless of the diplomatic niceties at the recent Trump-Xi summit,” Okun told Al Jazeera.

“There is no ‘truce’ in the US-China trade war. Expect further actions from both sides as well on export controls and investment restrictions,” he said.

U.S. President Donald Trump has said he is exploring ways to ensure Americans benefit directly from the rapid growth of artificial intelligence, raising the possibility of the government acquiring stakes in leading AI companies. The idea comes as firms such as OpenAI and Anthropic pursue valuations that could make them among the most valuable companies in the world, fueling debate over whether the public should share in the wealth generated by AI technologies.

Why the Idea Is Gaining Attention

The AI boom is expected to create enormous wealth for technology companies, investors and founders. Policymakers and advocates argue that because AI development relies heavily on public infrastructure, government research and vast amounts of publicly generated data, ordinary citizens should receive some of the financial benefits.

The debate has intensified as major AI developers seek billions of dollars to build data centers, chip infrastructure and advanced computing systems.

Option One: Taxing AI Companies Through Equity

One proposal would require AI companies to pay part of their taxes in shares rather than cash.

Under this approach, the government would gradually accumulate ownership stakes in AI firms without directly investing taxpayer money. Supporters argue that it would allow the public to benefit from future growth while avoiding large government expenditures.

Some advocates have gone further, proposing substantial government ownership stakes and board representation to give the public a direct voice in how AI companies operate.

Option Two: Equity in Exchange for Government Support

Another model would involve the government receiving equity stakes in return for financial assistance or incentives.

This approach mirrors previous arrangements in strategic industries where federal funding was provided in exchange for ownership interests. Given the enormous capital requirements of AI infrastructure, government funding could potentially become a source of financing for companies building advanced computing facilities, semiconductor plants and other critical projects.

Supporters argue this would allow taxpayers to benefit if publicly supported companies become highly profitable.

Critics contend that such arrangements could blur the line between regulation and investment, potentially creating conflicts between public policy goals and financial interests.

Option Three: Public Wealth Funds and Citizen Dividends

A third proposal focuses less on government ownership and more on distributing AI-generated wealth directly to citizens.

Under this model, revenue generated through AI-related taxes or investments would flow into a public wealth fund, which would then distribute dividends to Americans.

The concept resembles Alaska’s Permanent Fund, which uses energy revenues to provide annual payments to residents. Advocates argue a similar system could ensure that AI-driven economic gains are shared more broadly across society rather than concentrated among a small number of technology firms and investors.

Some AI companies have expressed interest in versions of this idea, including proposals for digital dividends funded by taxes on the sector.

Why AI Companies Matter

The debate carries major financial implications because leading AI developers are becoming increasingly valuable.

OpenAI and Anthropic have both reportedly taken steps toward potential public listings, while companies across the sector are raising unprecedented sums to fund AI expansion. Some analysts believe the industry could generate trillions of dollars in economic value over the coming decade.

As a result, even relatively small government stakes could potentially produce significant long-term returns.

Challenges and Obstacles

Any effort to give the government ownership in AI companies would face significant legal, political and economic hurdles.

Questions remain over:

• How ownership stakes would be valued
• Whether companies would voluntarily participate
• The impact on private investment
• Potential conflicts of interest for regulators
• How revenues would be distributed to citizens

There is also likely to be strong opposition from free-market advocates who argue that government ownership could discourage innovation and distort competition.

What Happens Next

Trump has not outlined a specific mechanism for acquiring stakes in AI companies, and no formal proposal has been introduced.

However, the discussion highlights a growing debate over who should benefit from the AI revolution and whether existing economic structures are sufficient to distribute the gains from one of the most transformative technologies in modern history.

Analysis

The significance of Trump’s proposal lies less in whether the government ultimately acquires stakes in AI firms and more in what it signals about the future political debate surrounding artificial intelligence. As AI companies approach trillion-dollar valuations, pressure is likely to grow for policymakers to ensure that the economic gains extend beyond investors and technology executives.

The discussion mirrors earlier debates over natural resources, where governments sought ways to ensure that public assets generated public benefits. In this case, supporters argue that AI is built on public research, public infrastructure and publicly generated data, creating a rationale for broader wealth sharing.

At the same time, the proposal raises fundamental questions about the relationship between government and the private sector. Direct ownership stakes could provide taxpayers with financial upside, but they could also create tensions between the government’s role as regulator and its role as investor.

The debate is likely to become more prominent as AI companies grow larger, seek additional funding and exert greater influence over economic growth, employment and national competitiveness. Whether through equity ownership, taxation or public wealth funds, the central political question is increasingly becoming not whether AI will generate enormous wealth, but who will ultimately receive it.

With information from Reuters.

Coca-Cola and the Internal Revenue Service (IRS) of the United States will face off in a Florida court this week in the latest episode of a decades-long legal battle over the beverage giant’s tax liability on overseas profits.

The Atlanta, Georgia-based company and the US tax service will begin oral arguments on Thursday in a dispute that centres on transfer pricing – the practice of setting prices for transactions carried out between a company’s own affiliates – and could result in Coca-Cola facing a tax bill of about $20bn.

The case is being closely watched in corporate circles because the outcome will have implications for the amount of tax US-based multinational corporations must pay on income generated through their foreign subsidiaries.

What is the case about?

Coca-Cola is appealing a 2020 US Tax Court ruling that upheld the IRS’s finding that the soft drink giant underreported profits from transactions between its foreign subsidiaries.

In 2015, the IRS notified Coca-Cola that it owed billions in back taxes after concluding that the company had undercharged its units in Ireland, Brazil, Chile, Mexico, Costa Rica, Egypt and Eswatini, formerly known as Swaziland.

US multinationals often charge low licensing fees for their overseas units to minimise their reportable income in the US, which has a higher corporate tax rate than many of its peers.

“The IRS audited Coca-Cola because the company was earning astronomical profits in Ireland and a few other countries,” Alex Martin, an expert in transfer pricing at the tax consulting firm KBKG, told Al Jazeera.

The IRS first took Coca-Cola to court in 2015, but the origins of the dispute date back to 1996 when the two sides settled a tax audit for liabilities from 1987 to 1995.

Under the pricing formula agreed in that settlement, Coca-Cola’s foreign affiliates were allowed to retain a profit equal to 10 percent of their gross sales with the remaining income split evenly between the US headquarters and the overseas unit.

Coca-Cola argues that it should be able to continue to use this formula from 1996 while the IRS contends the terms of that settlement should have no bearing on the soft drink giant’s tax liabilities arising from audits in 2007, 2008 and 2009.

“The amount of potential exposure is about $20bn, so it is significant,” Reuven Avi-Yonah, an expert in taxation law at the University of Michigan Law School, told Al Jazeera.

Coca-Cola agreed to pay the IRS $6bn in back taxes and interest in 2024 while preparing its appeal but could be liable to pay up to $14bn more if the US Court of Appeals for the Eleventh Circuit sides with the government.

Coca-Cola argues that the IRS “misinterpreted and misapplied the applicable regulations” and has expressed its confidence that it will be successful in its appeal.

Why does the case have implications beyond Coca-Cola?

The case is important because it could serve as a template for the US government to raise more tax revenue from large multinational companies that generate huge profits overseas.

“The IRS designated this case for litigation because this litigation can provide a template for the IRS to audit other US companies with highly profitable subsidiaries,” Martin said.

Under the administration of former US President Joe Biden, the IRS ramped up its tax collection efforts against companies benefitting from transfer pricing arrangements.

In one of the most high-profile transfer pricing cases in recent years, the IRS announced in 2023 that Microsoft owed $28.9bn in back taxes, plus penalties and interest, on income derived from the distribution of software through its subsidiaries in Puerto Rico, Ireland and Singapore.

Microsoft said it disagreed with the IRS’s reasoning and would appeal to the tax service and, if that failed, go to court.

In 2024, the IRS announced that the short-term rental platform Airbnb and Newell Brands, a consumer products manufacturer, had underpaid their taxes to the tune of $1.33bn and $90m, respectively.

Airbnb and Newell Brands have both challenged the IRS’s determinations in the US Tax Court.

The Coca-Cola case is particularly significant because the IRS has historically fared poorly in litigating transfer pricing complaints, losing a string of cases against major corporations through the decades, including Bausch & Lomb, US Steel Corp and Hospital Corp of America.

“It is important because it is the first clear victory of the IRS in this kind of case involving profit shifting out of the US in many decades, so if it is upheld on appeal, more companies may be inclined to settle rather than litigate,” Avi-Yonah said.