TOP NEWS

US Navy ‘will begin escorting’ oil tankers through the Strait of Hormuz, a strategic waterway, if necessary, US President Trump says.

President Donald Trump has announced that the United States government will offer insurance to ships in the Gulf after Iran largely succeeded in shutting down the Strait of Hormuz, sending oil prices soaring.

The US president added that the US military will accompany ships through Hormuz if necessary.

“Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf,” Trump wrote in a social media post on Tuesday.

DFC is the US government’s development finance agency. Its mission is to “advance US foreign policy and strengthen national security by mobilising private capital” across the world.

Trump added that the discounted risk insurance will be available for all shipping lanes.

“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” he wrote.

“No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD.”

The Strait of Hormuz is a vital trade artery that connects the Gulf to the Indian Ocean. Around 20 percent of the world’s oil flows through it.

The price of oil has shot up by more than 15 percent since the US and Israel launched strikes on Tehran that started a war with Iran three days ago.

Costs are expected to rise even higher as oil supplies decrease as a result of Iran’s closure of the strait, as well as attacks on energy instalments in the Gulf.

Some insurance companies were reported to have cut back coverage amid the Iranian attacks.

Although the US is largely self-sufficient with its oil production, an uptick in prices globally could hike the cost for Americans at the gas or petrol pump, and could boost inflation.

The average price of one gallon of gas (3.8 liter) in the US jumped more than 11 cents overnight to $3.11 on Tuesday, according to the AAA Gas Prices website.

Earlier on Tuesday, Trump stressed that the attack on Iran “had to happen” despite its human cost and the strain it is putting on the energy market.

“We have a little high oil prices for a little while, but as soon as this ends, those prices are going to drop – I believe – lower than even before,” he told reporters.

Opinion polls show that the attack on Iran is unpopular among the US public. Increasing economic costs from the war could further diminish support for the war, months ahead of the US midterm elecitons.

UK Prime Minister Keir Starmer has allowed the US to use British bases for so-called “defensive strikes” targeting Iran, after Tehran started hitting civilian targets. Still, Al Jazeera’s Milena Veselinovic explains why US President Trump says the US-UK relationship isn’t what it used to be.

“We’re going to cut off all trade with Spain.” Donald Trump targeted Spain in an Oval Office tirade, complaining about Madrid’s refusal to let its bases be used for attacks on Iran. He also joined the German chancellor in saying Spain doesn’t spend enough on its military.

March 3 (UPI) — Cuba began March facing a historic energy crisis, with an electricity deficit left 64% of the island in the dark due to fuel shortages and technical failures at its thermoelectric plants.

An electricity deficit is the condition in which demand exceeds the amount of electricity available to supply it. The grid simply doesn’t have enough generation at that moment to meet what homes, businesses and infrastructure are trying to draw.

Cuba’s National Electric System reported a deficit exceeding 2,000 megawatts, resulting in rolling outages lasting up to 20 hours a day, according to figures published on X by the state-run Electric Union, known by its Spanish acronym UNE.

For Tuesday’s peak demand period, UNE forecast maximum consumption of 3,150 megawatts, while available generation capacity was expected to reach only about 1,890 megawatts. The resulting shortfall has forced authorities to disconnect circuits across the country to prevent a total and uncontrolled collapse of the grid.

Eight of Cuba’s 16 thermoelectric plants are offline due to breakdowns and fuel shortages, according to reports. The plants, which process domestically produced and imported crude oil, operate within a system widely considered obsolete and underfunded.

Cuban authorities have blamed U.S. sanctions for worsening the crisis. Government officials have denounced what they call an “energy asphyxiation” by Washington, accusing the United States of restricting oil shipments and limiting access to fuel supplies from abroad.

“The electrical system begins 2026 in worse conditions than it had at the same date in 2025. Thermal plants enter and leave service, oil is scarce and going forward there will barely be diesel and fuel oil for distributed generation,” José Luis Reyes, an analyst specializing in Cuba’s power system, told Diario de Cuba.

“The fragile web of energy production and distribution depends on all kinds of unpredictable factors. Blackouts are guaranteed,” he said.

Independent experts estimate that restoring and modernizing Cuba’s electrical grid would require between $8 billion and $10 billion — a figure seen as out of reach for an economy that has contracted by more than 15% since 2020.

Amid the worsening shortages, Cuban President Miguel Díaz-Canel on Tuesday called for “urgent transformations” to the island’s economic and social model.

During a meeting of the Council of Ministers, Díaz-Canel said the proposed changes include expanding autonomy for state enterprises and municipalities, resizing the state apparatus and boosting domestic food production.

He also urged progress in shifting the country’s energy matrix, promoting exports, easing rules for foreign direct investment and encouraging partnerships between the state and private sectors, including ventures with Cubans living abroad, according to state media outlet Tribuna de La Habana.

The president said the measures must contribute to “macroeconomic stabilization,” increase hard currency revenues and strengthen domestic production, particularly food.

The call for reforms comes amid prolonged economic contraction, high inflation and deteriorating public services, as well as continued political pressure from President Donald Trump, who has advocated for political change on the island.

Trump on Friday raised the possibility of a “friendly takeover” of Cuba, saying the island’s government has been in talks with his administration about the country’s future.

“They are going through major problems and we could very well do something good, I think, something very positive for the people who were forced out, or worse, from Cuba and who live here,” he told reporters at the White House, though he did not specify any potential action against the country.

South Africa captain Aiden Markram says his team’s win over New Zealand in the group phase will count for nothing in the T20 World Cup semifinal, which will be a “completely fresh start”.

The two teams clash at Kolkata’s Eden Gardens in the first semifinal on Wednesday, with both having never lifted a cricket World Cup in either the 20-over or 50-over formats.

South Africa are the only unbeaten side in the last four, and are trying to rid themselves of a reputation for choking in the final stages at World Cups.

They have been the team to beat in this edition and got the better of New Zealand by seven wickets in a group game in Ahmedabad on February 15.

“We had a good run against them in the group stages, but both teams have played a lot of cricket since then,” Markram told reporters on Tuesday.

“It’s a completely fresh start [on Wednesday] and it being a semifinal, which is exciting as well.

“I don’t think it’s as straightforward as just being able to repeat that. We’ll try to bring our best game to the front again.”

South Africa suffered a heartbreaking defeat in the 2024 T20 World Cup final against India in Barbados, when they needed 30 off 30 balls with six wickets and lost by seven runs after a clatter of wickets.

The Proteas beat India and the West Indies in the Super Eight to have many marking them down as the favourites to lift the trophy.

“With regards to being favourites or not, that’s all different people’s opinions,” said Markram.

“Us as a team really just try to focus on putting good games of cricket together and playing that exciting brand that we’ve been trying to play for the last 18 months or so.”

Markram has led South Africa from the front with 268 runs, including three half-centuries and a top score of 86 not out in seven matches.

He holds an impressive captaincy record of 15 wins in 16 T20 World Cup matches, with the only defeat in the 2024 final.

“The senior guys in the team, we lean on them a lot. They help guide you and lead you when you have a few doubts,” said Markram.

“I think because of that and a really strong group of players over the years, we’ve developed that. Fortunately, it reflects well, but it’s definitely a reflection on the group as a whole.”

New Zealand ‘back themselves’ as outsiders for T20 World Cup

Underdogs New Zealand, meanwhile, back themselves against anyone in “one-off games”, according to captain Mitchell Santner.

Santner admitted that Markram’s unbeaten South Africa were “very good”.

New Zealand have lost twice at this edition, also falling to England in the Super Eight, and squeaked into the semifinals on net run-rate ahead of Pakistan.

“Whether you want to call us the underdogs or not, I think for us it is everyone’s goal throughout the tournament to get to this stage,” Santner told reporters at Eden Gardens.

“We are here now, and we back ourselves on one-off games against most teams, being able to adapt as quick as we can to what’s in front of us.

“South Africa look like a very good outfit as they have shown.

“I guess they are in the same boat as us now, it is one game, and you are into the final,” said the left-arm spinner.

New Zealand will be playing their fourth semi-final in the last five T20 World Cups. They reached the final in 2021 but lost to Australia.

“It is probably two teams that have been in and around it for a long time. We know the heartbreak of South Africa two years ago,” Santner added.

“It is whoever turns up on the day, whoever sees the conditions the best.”

New Zealand are the only semifinalist to lose more than once in the tournament and defeated only two Test-playing nations on the way to the last four – Afghanistan and cohosts Sri Lanka.

“We haven’t played the perfect game throughout this tournament,” said Santner.

“That’s a good thing for us. If we can put it all together, it can put us in a pretty good position.

“There is no real hiding or secrets about what South Africa are going to bring.

“We know they are probably going to roll out the same team and a very good team.”

New Zealand fast bowler Matt Henry returned home for the birth of his second child after the defeat to England in Colombo on Friday.

Santner said the bowler would arrive back later Tuesday night.

“He’ll obviously have a little run around in the morning to see if he’s ready to go.”

Despite promising to end United States involvement in costly and destructive foreign wars, President Donald Trump, together with Israel, has launched a massive military assault on Iran, targeting its leadership and nuclear and missile infrastructure.

Much like his predecessors, Trump has relied on military force to pursue US strategic interests, continuing a pattern that has defined US foreign policy for more than two decades.

Since the September 11, 2001, attacks on New York and the US capital, the US has engaged in three full-scale wars and bombed at least 10 countries in operations ranging from drone strikes to invasions, often multiple times within a single year.

The graphic below shows all the countries the US has bombed since 2001.

These may not include all military strikes, particularly covert or special operations.

The cost of decades of war

In the aftermath of the September 11, 2001, attacks, President George W Bush launched what he called a “war on terror”, a global military campaign that reshaped US foreign policy and triggered wars, invasions and air strikes across numerous countries.

According to an analysis by Brown University’s Watson Institute of International & Public Affairs, US-led wars since 2001 have directly caused the deaths of about 940,000 people across Afghanistan, Pakistan, Iraq, Syria, Yemen and other conflict zones.

This does not include indirect deaths, namely those caused by loss of access to food, healthcare or war-related diseases.

The US has spent an estimated $5.8 trillion funding its more than two decades of conflict.

This includes $2.1 trillion spent by the Department of Defense (DOD), $1.1 trillion by Homeland Security, $884bn to increase the DOD base budget, $465bn on veterans’ medical care and an additional $1 trillion in interest payments on loans taken out to fund the wars.

In addition to the $5.8 trillion already spent, the US is expected to have to lay out at least another $2.2 trillion for veterans’ care over the next 30 years.

This would bring the total estimated cost of US wars since 2001 to $8 trillion.

Afghanistan war (2001-2021)

The first and most direct response to 9/11 was the invasion of Afghanistan to dismantle al-Qaeda and remove the Taliban from power.

On October 7, 2001, the US launched Operation Enduring Freedom.

The initial invasion succeeded in toppling the Taliban regime within just a few weeks. However, armed resistance groups mounted a prolonged resistance against US and coalition forces.

The war went on to become the longest conflict in US history, spanning four presidencies and lasting 20 years until the final withdrawal in 2021, after which the Taliban regained control of Afghanistan.

An estimated 241,000 people died as a direct result of the war, according to an analysis from Brown University’s Costs of War project. Hundreds of thousands more people, mostly civilians, died due to hunger, disease and injuries caused by the war.

At least 3,586 soldiers from the US and its NATO allies were killed in the war, which is estimated to have cost $2.26 trillion for the US, according to the Cost of War project.

Iraq war (2003-2011)

On March 20, 2003, Bush launched a second war, this time in Iraq, claiming that President Saddam Hussein possessed weapons of mass destruction – a claim that proved to be false.

On May 1, 2003, Bush declared “mission accomplished” and the end of major combat operations in Iraq.

However, the subsequent years were defined by violence from armed groups and a power vacuum that fuelled the rise of ISIL (ISIS).

In 2008, Bush agreed to withdraw US combat troops, a process completed in 2011 under President Barack Obama.

The drone wars: Pakistan, Somalia and Yemen

Although not declared wars, the US has also expanded its air and drone campaigns.

Beginning in the mid-2000s, the CIA launched drone strikes inside Pakistan’s tribal areas along the Afghan border, targeting al-Qaeda and Taliban figures believed to be operating there. These strikes marked the early expansion of remote warfare.

Obama dramatically expanded the drone strikes in Pakistan, particularly in the early years of his presidency.

At the same time, the US conducted air strikes in Somalia against suspected al-Qaeda affiliates, later targeting fighters linked to al-Shabab as that armed group grew in strength.

In Yemen, US forces carried out missile and drone strikes against al-Qaeda leaders.

Libya intervention

In 2011 during an uprising against Libyan leader Muammar Gaddafi, the US joined a NATO-led intervention in Libya. American forces launched air and missile strikes to enforce a no-fly zone.

Gaddafi was overthrown and killed, and Libya descended into prolonged instability and factional fighting.

Iraq and Syria

From 2014 onwards, the US intervened in the Syrian war with the stated goal of defeating ISIL. Building on its campaign in Iraq, the US conducted sustained air strikes in Syria while supporting local partner forces on the ground.

In Iraq, US forces advised Iraqi troops, fought ISIL remnants and tried to counter Iranian influence, highlighted by a Trump-ordered 2020 strike that killed Iranian General Qassem Soleimani.

March 3 (UPI) — The price of Brent crude oil rose to $80 a barrel and the price of natural gas jumped 30% to $1.97 per therm on Tuesday after Iran effectively shut the key Strait of Hormuz shipping lane, with an official threatening its forces would “set fire to anyone who tries to pass.”

Prices continued their upward trajectory from Monday when markets reopened following the military strikes over the weekend on Iran by the United States and Israel and Tehran’s strikes on its oil and gas producing neighbors across the Gulf.

Concerns over supply disruptions are growing as the conflict widens across the region with Iranian strikes going beyond military bases used to launch attacks on Iran to target oil and gas production facilities, as well as Amazon data centers in the United Arab Emirates and Bahrain.

On Monday, Qatar Energy, one of the world’s largest exporters of liquefied natural gas, shut down production following “military attacks” on its Ras Laffan plant and Saudi Arabia’s state-run Aramco shuttered its giant Ras Tanura refinery near the port city of Dammam after it was set ablaze in a drone strike.

Analysts warned the oil price could surpass $100 a barrel if the disruption continued for very long — translating to a 25-cent-a-gallon rise in U.S. petrol prices.

The risk to maritime traffic was also pushing up the cost of moving oil from the Gulf to Europe and Asia and around the world with the leasing cost of a tanker to ship Middle East to China doubling to $400,000 a day on Monday.

The president of logistics technology platform Flexport, Sanne Manders, told the BBC that while Iran had not physically blockaded the strait, through which 20% of the world’s oil and gas transits, it was closed as far as global shipping was concerned.

Manders said it was partly that shipping lines were simply unwilling to expose their vessels, cargo and crews to potential jeopardy and partly insurance companies “not being willing to insure this risk anymore.”

He warned that expectation of higher fuel costs would feed through to movement of all goods by sea with carriers hiking rates “for any shipping in the world.”

That all fed into investor fears over the consequences for inflation and interest rates, sending global stock markets tumbling overnight, led by Japan’s Nikkei 225 Index, which ended Tuesday down more than 3%.

In mid-morning trade London’s FTSE 100 was down 2.8 %, Germany’s blue-chip DAX was trading 4% lower, down more than a thousand points, and the CAC 40 in Paris was off by 3.2%.

The pan-European Stoxx 600 Index continued its retreat, with across-the-board falls in all sectors pulling it 2.9% lower, while the blue-chip Euro Stoxx 50 was even lower, down 3.1%.

However, hotels, airlines and utilities took the biggest hits while energy firms and defense contractors performed better.

Ahead of the opening of U.S. markets, S&P 500 futures fell by 1.8%, Nasdaq 100 futures were down 2.3% and Dow Jones Industrial Average-linked futures moved lower by around 1.7%, or 821 points.

Defense and energy stocks rose on Monday led by Northrop Grumman, up 6%, and Palantir, up 5.8%, which together with a surge in NVIDIA’s share price, helped the overall market erase big losses early on to end the day in the black.

U.S. President Donald Trump was due to discuss the economic and cost-of-living impacts with Treasury Secretary Scott Bessent and Energy Secretary Chris Wright on Tuesday while Secretary of State Marco Rubio trailed administration plans to cope with energy price spikes.

“We knew that going in would be a factor. Starting tomorrow you will see us rolling out those phases to try to mitigate against that,” said Rubio.

Al Jazeera’s Zeina Khodr reports from the site of an Israeli attack in Beirut’s southern suburbs, which Israel says targeted a ‘Hezbollah area’. Israeli forces have taken more land inside Lebanon, expanding a de facto buffer zone that has already displaced tens of thousands of people.

Jeffrey Feltman, former US Assistant Secretary of State for Near Eastern Affairs, questions the legal basis and endgame of the US-Israel war on Iran, saying he does not believe Iran posed an imminent threat to the United States that would justify war.

South Korean stocks plunged more than 7 percent Tuesday to close below the 5,800-point mark as investor sentiment was dampened by escalating geopolitical concerns triggered by the ongoing Middle East conflict. The Korean won lost sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 452.22 points, or 7.24 percent, to close at 5,791.91, marking the lowest closing price since Feb. 20, when the index finished at 5,808.53.

It marked the largest-ever daily drop.

The country’s main bourse operator, the Korea Exchange (KRX), issued a sell-side sidecar for 5 minutes around noon, suspending the selling of KOSPI futures.

Trade volume was heavy at 1.2 billion shares worth 52.5 trillion won (US$35.8 billion). Losers sharply outnumbered winners 840 to 73.

Foreign and institutional investors led the daily sell-off, dumping a net 5.1 trillion won and 891.1 billion won, respectively. Retail investors, on the other hand, went bargain hunting and snapped up a net 5.8 trillion won.

Coordinated U.S. and Israeli air strikes on Iran over the weekend roiled global markets from the start of this week, but the Korean market closed on Monday in observation of the March 1 Independence Movement Day holiday.

“The main index experienced expanded volatility as the Middle East risk was realized after a long weekend,” Roh Dong-gil, an analyst at Shinhan Securities, said. “The stock market is expected to be affected by oil prices and interest rates as the situation develops.”

Most shares closed bearish.

Market bellwether Samsung Electronics tumbled 9.88 percent to 195,100 won, and its chipmaking rival SK hynix plummeted 11.5 percent to 939,000 won.

Top automaker Hyundai Motor dived 11.72 percent to 595,000 won, and leading battery maker LG Energy Solution sank 7.96 percent to 393,000 won.

Travel shares were among the biggest losers as flag air carrier Korean Air nosedived 10.32 percent to 25,200 won and major travel agency Hana Tour Service lost 6.65 percent to 44,900 won.

KB Financial Group, a leading banking group, fell 3.46 percent to 153,500 won, and Celltrion, a major pharmaceutical firm, dropped 5.66 percent to 225,000 won.

However, oil refinery and defense shares were bullish.

Leading refinery firm SK Innovation rose 2.51 percent to 130,900 won, and S-Oil, whose largest shareholder is Saudi Aramco, shot up 28.45 percent to 141,300 won.

Defense giant Hanwha Aerospace soared 19.83 percent to 1.43 million won, and LIG Nex1 surged 29.86 percent to 661,000 won.

The Korean won was quoted at 1,466.1 won against the U.S. dollar at 3:30 p.m., down 26.4 won from the previous session’s close. It marked the lowest since Feb. 6, when the won-dollar rate was 1,469.5 won.

Bond prices, which move inversely to yields, closed sharply lower. The yield on three-year Treasurys increased 13.9 basis points to 3.180 percent, and the return on the benchmark five-year government bonds declined 14.6 basis points to 3.424 percent.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

Explosions have rung out across Tehran as the war entered its fourth day with the United States and Israel continuing to pound Iran’s capital and numerous other cities and locations after the assassination of Supreme Leader Ali Khamenei.

Iran continued on Tuesday to retaliate against Israel and throughout the Gulf where nations host US assets.

At least 787 people have been killed in US-Israeli strikes on a minimum of 131 cities across Iran, the Iranian Red Crescent Society said on Tuesday.

Israel’s military said it had “struck and dismantled” the headquarters of Iran’s state radio and television broadcaster, the Islamic Republic of Iran Broadcasting (IRIB), accusing it of “calling for the destruction of the State of Israel and for the use of nuclear weapons”.

In a post on Telegram, IRIB reported explosions near its headquarters in Tehran but said there had been no disruption to its operations.

Tehran’s streets have been largely deserted as people take shelter during the air strikes.

Iranian media also reported explosions in the city of Karaj, just outside Tehran, as well as in the central city of Isfahan.

Iran held a mass funeral on Tuesday for 165 schoolgirls and staff killed on Saturday in what Iran said was a US-Israeli attack on a school in the southern city of Minab.

March 3 (UPI) — Suspected Iranian drones have struck the U.S. Embassy in Riyadh, Saudi Arabia’s Ministry of Defense said early Tuesday, as the United States orders all non-emergency personnel to evacuate Bahrain and Kuwait amid Tehran’s continued retaliation strikes targeting U.S. assets and Israel.

Two drones struck the embassy, igniting “a limited fire” and causing “minor material damage” to the building, the ministry said in a statement.

The embassy confirmed in a statement that it had been attacked, urging people to avoid the facility. It said the mission was closed on Tuesday, and urged U.S. citizens throughout Saudi Arabia, but especially in the cities of Jeddah, Riyadh and Dhahran, to shelter in place.

The Saudi Defense Ministry later said it had intercepted and destroyed eight drones near Riyadh and Al-Kharj.

Asked what the U.S. response to the attack would be, President Donald Trump told NewsNation, “You’ll find out soon.”

Saudi Arabia is a U.S. ally and home to several American assets, including the U.S. Embassy and Prince Sultan Air Base, as well as other U.S. military facilities.

Since the United States and Israel began attacking Iran early Saturday, the Islamic regime has launched a barrage of missiles and drones targeting Israel as well as U.S. assets throughout the region.

Along with Saudi Arabia, Iran has attacked Kuwait, Jordan, Bahrain, Oman and the United Arab Emirates. At least six U.S. service members have been killed so far, all in Kuwait, where three U.S. fighter planes were also downed by Kuwait’s aerial defense weapons system in what is being called friendly fire.

The State Department on Tuesday ordered non-emergency U.S. government personnel and their families to leave Bahrain and Kuwait, according to statements published by their respective embassies.

On Tuesday, the State Department urged Americans throughout the Middle East to leave.

In a 4 p.m. EST statement from Assistant Secretary Mora Namdar, Americans in 14 Middle Eastern countries were told to “DEPART NOW.”

March 2 (UPI) — A United Airlines flight made an emergency landing at Los Angeles International Airport on Monday after a possible engine fire was reported, authorities and the airline said.

United flight 2127 from Los Angeles to Newark, N.J., departed LAX at 10:43 a.m. PST, but was diverted back to the airport about 40 minutes into the flight, according to flight traffic tracker FlightRadar24.

It landed at 11:20 a.m., the Federal Aviation Administration told UPI.

After the Boeing 787-9 Dreamliner landed, slides deployed from its fuselage, which some passengers used to deplane. Uncorroborated video posted online shows passengers going down the slide, where firefighters met them on the tarmac before they ran from the plane.

United Airlines confirmed to UPI in a statement that the flight “safely returned to Los Angeles” and that the issue was “a possible engine fire.”

“Customers deplaned via slides and airstairs and were bused to the terminal,” the company said.

No serious injuries were reported among the 265 passengers and 12 crew, United Airlines said, adding that a second aircraft was arranged to take them to Newark.

According to a statement from the Los Angeles Fire Department, no passengers required transport to the hospital.

The FAA told UPI that it was investigating.

Kinshasa welcomed the sanctions while Kigali said the US move ‘unjustly’ targets Rwanda.

The United States has imposed sanctions on Rwanda’s military and four of its top officials for “direct operational support” of the M23 rebel group that has seized large swaths of territory in the eastern Democratic Republic of the Congo (DRC).

Rwanda has long rejected allegations from DRC, the United Nations and ⁠Western powers that it backs M23 and its affiliated Congo River Alliance (AFC), which captured key cities in the mineral-rich east, including the capitals of North and South Kivu provinces last year.

The US Department of the Treasury said on Monday that the rebels’ gains would not have been possible without Rwandan backing.

The US State Department separately added that M23 continued to capture territory even late last year “in clear violation” of a US-mediated agreement.

US President Donald Trump in December brought together the leaders of Rwanda and the DRC to sign a peace deal, predicting a “great miracle”.

But just days afterwards, the State Department noted, the M23 captured the key Congolese city of Uvira.

The Treasury Department said those included in Monday’s sanctions are Vincent Nyakarundi, the Rwandan Defence Force (RDF) army chief of staff; Ruki Karusisi, a major-general; Mubarakh Muganga, chief of defence staff; and Stanislas Gashugi, special operations force commander.

The US said they were critical to M23’s gains.

“M23, a US- and UN-sanctioned entity, is responsible for horrific human rights abuses, including summary executions and violence against civilians, including women and children,” State Department spokesman Tommy Pigott said in a statement.

“The continued backing from the RDF and its senior leadership has enabled M23 to capture DRC sovereign territory and continue these grave abuses,” he added.

‘A strong signal’

Rwandan government spokesperson Yolande Makolo said in a statement that the sanctions “unjustly” target Rwanda and “misrepresent the reality and distort the facts of the conflict” in eastern DRC.

She accused DRC of violating the peace agreement by allegedly conducting “indiscriminate” drone attacks and ground offensives.

Rwanda’s government also told the Reuters news agency that Kigali was “fully committed to disengagement of its forces in tandem with the DRC implementing their obligations” under US-led mediation, but accused DRC of failing to keep promises such as ending support for militias.

The Congolese government, however, said it welcomed the sanctions, describing them as “a strong signal in support of respect” for its territorial integrity and ⁠sovereignty.

US Treasury Secretary Scott Bessent said in a statement that the department “will use all tools at its disposal to ensure that the parties to the Washington Accords uphold their obligations”.

“We expect the immediate withdrawal of Rwanda Defence Force troops, weapons and equipment,” Bessent said.

Fighting continues in eastern DRC on several fronts, despite the accord signed between Kigali and Kinshasa in Washington, and a separate peace deal signed between M23 and the Congolese government in Qatar last year.

Though M23 later pulled out of Uvira under US pressure, the rebels still hold other key Congolese cities, including Goma and Bukavu. The US Treasury Department said on Monday that M23’s continued presence near Burundi’s border “carries the risk of escalating the conflict ‌into a broader regional war”.

M23 is the most prominent of about 100 armed factions vying for control in eastern DRC, near the border with Rwanda. The conflict has created one of the world’s most significant humanitarian crises, with more than seven million people displaced, according to the UN agency for refugees.

M23 are already under US sanctions since 2013.

March 3 (UPI) — The Strait of Hormuz, a waterway that runs alongside Iran and through which roughly 20 percent of the world’s oil supply, in addition to other essential commodities, runs through, has been blocked.

After the United States and Israel launched a war against Iran, blocking the key trade route has been among the reactions that what is left of the nearly half-century-long regime after the attacks were launched over the weekend.

Iranian state media reported Sunday that Iran’s Revolutionary Guard announced it would fire on any ship looking to pass the route as many shippers were looking to avoid the region amid the burgeoning war, NBC News, Barron’s and The Times of Israel reported.

Ships that look to avoid the Strait of Hormuz would be forced to sail around the Cape of Good Hope, which is the southernmost tip of Africa and will add at least several days to anything taking the alternate shipping route.

“If major carriers restrict bookings and vessels reroute round the Cape of Good Hope, you’re adding weeks to global shipping schedules,” Wasel & Wasel managing partner Mahmoud Abuswasel told NBC. “That effectively removes capacity from the system.”

Cutting off access, however, may not entirely cut off shipping along the Asia-to-Europe shipping route, but according to Barron’s, the freeze on moving through the strait is “unprecedented” and most shipping companies have advised their vessels to avoid the situation and seek safe haven.

Travelling south around Africa adds roughly 10 days and may increase costs for shipping companies by 30 percent.

Abuswasel told NBC that stretching transit times by days to weeks can slow down a range of businesses, starting with raw materials showing up late and the dominoes falling from there.

“Manufacturers feel it first, and consumers feel it soon after in the form of delays, tighter inventories and rising prices,” he said.

March 2 (Asia Today) — Lee Jae-myung and Lawrence Wong agreed Monday to pursue an artificial intelligence cooperation framework and upgrade bilateral trade ties, as the two countries seek to expand collaboration in advanced technology and energy.

During a summit in Singapore, the leaders committed to making AI a central pillar of economic cooperation and to launching negotiations to upgrade the existing free trade agreement.

According to the presidential office, the proposed AI Cooperation Framework would promote joint research, investment and industrial innovation, including the development of so-called physical AI applications and the broader use of AI in everyday life.

The two sides signed five memorandums of understanding covering science and technology cooperation, AI and digital technology in public safety, intellectual property cooperation, joint use of environmental satellites and collaboration on small modular reactors, or SMRs.

They also agreed to begin talks to modernize the free trade agreement, focusing on supply chains, the green economy, trade facilitation and aviation maintenance, repair and overhaul services.

Under the agreements, the countries plan to expand policy coordination and personnel exchanges in areas such as quantum technology, SMRs and space and satellite development. They also pledged to share information on AI policy in public safety and support promising companies in related sectors.

In a joint press statement, Lee said he hoped to “further solidify existing cooperation in trade, investment and infrastructure” while expanding collaboration into “future-oriented sectors such as AI, nuclear energy and advanced science and technology.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260303010000385

March 2 (UPI) — In a recent interview with journalists from several Korean media outlets, Dr. Hyun Jin Preston Moon, Chairman of the Global Peace Foundation and author of The Korean Dream, warned that Korea stands at a pivotal crossroads where the decisions made and actions taken will determine the fate of the Korean Peninsula and the future direction of the Korean people for generations to come. With Washington focused on numerous global crises and lacking a clear policy towards North Korea, he said, it is precisely now that the Korean people must assert themselves in support of a free and unified homeland.

The interview took place amid deepening inter-Korean tensions. At the end of 2023, North Korean leader Kim Jong Un formally abandoned the goal of unification which had existed since the formation of North Korea under his grandfather Kim Il Sung’s rule. He designated the two Koreas as “hostile states” and ordered revision of the DPRK constitution to remove reunification as a national objective.

Moon defined North Korea’s formal adoption of the “two hostile states” doctrine as a structural turning point, one that exposes the fragility of the Kim regime. He said the situation demands strategic clarity rather than reliance on past engagement models, and requires that a compelling alternative vision to be placed on the table before this window of opportunity closes.

Conciliatory approaches, he said, carry meaning only when both sides share the goal of unification. When one side formally abandons that goal and redefines the other as an enemy, the entire strategic framework must be fundamentally reconsidered. Clinging to outdated models, he warned, is not diplomacy – it is self-delusion.

At the core of the alternative he is presenting is the Korean Dream – a comprehensive national vision rooted in Korea’s civilizational heritage spanning five millennia and grounded in democratic governance, economic opportunity, and fundamental human rights and freedoms for all its citizens. Rather than reacting to Pyongyang’s provocations, Moon argues, South Korea must define the peninsula’s future on its own terms. He noted that the previous Korean administration had already accepted the Korean Dream framework in principle; during the 2023 Camp David Summit, the U.S. and Japan agreed to support South Korea in its pursuit of a free and unified Korea. Moon also called for a non-governmental advisory committee to replace the current Ministry of Unification to allow for institutional continuity in how South Korea’s administration relates to North Korea, noting that the ideological reversals with each consecutive administration have long undermined inter-Korean policy.

Central to the Korean Dream vision is Hongik Ingan – the founding Korean ethos, roughly translated as “to broadly benefit humanity.” Moon describes this as the spiritual and historical bedrock of Korean identity. He emphasized that it is not an abstract ideal but a living principle that has been passed from generation to generation as part of the Korean people’s heritage and infuses unification with a high-minded purpose. Koreans must rediscover this founding spirit, he said, and see themselves not as passive pawns of geopolitical forces but as active agents with a civilizational mission.

On economic concerns, Moon was direct. Unification is not a burden but an opportunity of historic scale, he said, particularly for Korea’s younger generation. A unified Korea would integrate the more than 25 million North Korean residents into a new domestic market, rebalance its export-dependent economy, and spur large-scale infrastructure development, industrial restructuring, and expanded regional influence.

Moon drew parallels of the potential economic transformation that unification could unleash to China’s wealthy coastal cities that burgeoned with its historic shift from a centrally planned to a market economy. For the Korean Peninsula, he continued, such changes could fuel what he called a second Miracle on the Han River. The generation that seizes this moment, he said, will not merely inherit a problem but will open a new chapter of flourishing for Korean civilization.

The decisive factor shaping the Peninsula’s future, Moon argued, is neither military posture nor diplomatic maneuvering – it is public consciousness. If South Korean youth come to see unification not as a financial burden inherited from their predecessors but as a civilizational mission rooted in Hongik Ingan, that shift in public imagination will become the most powerful engine for change on the Korean Peninsula.

He pointed to North Korea’s growing internal vulnerabilities as evidence that the window for shaping the arc of history is narrowing. Rising defection rates – including among senior officials- and the regime’s deepening economic fragility suggest that the structures sustaining Kim Jong Un’s control are under mounting pressure. Moon said Kim is likely reassessing his long-term strategic options as he observes the dramatic upheaval unfolding in Iran.

“The regime’s current two-state posture is not necessarily permanent,” Moon said. “What matters is whether the right alternative is on the table.” He urged the South Korean administration to adopt the Korean Dream vision and offered to support and advise the U.S. administration as it further develops its strategy and approach to the Koreas.

An unexploded US kamikaze drone was found on farmland in Western Iraq on Monday. The low-cost drones have reportedly been used in US-Israeli strikes on Iran.

US First Lady Melania Trump has presided over a UN Security Council meeting focusing on children in conflict days after dozens of children at a school in Iran were reportedly killed after Israel and the United States launched attacks.

Iran strikes energy infrastructure across the Gulf as IRGC announces closure of Strait of Hormuz.

Ebrahim Jabari, a senior adviser to the IRGC’s commander-in-chief, reiterates that the Strait of Hormuz is ‘closed’.

A commander in Iran’s Revolutionary Guard Corps (IRGC) has said the Strait of Hormuz is closed and warned that any vessel attempting to pass through will be attacked, according to Iranian state media.

“The strait is closed. If anyone tries to pass, the heroes of the Revolutionary Guard and the regular navy will set those ships ablaze,” Ebrahim Jabari, a senior adviser to the IRGC’s commander-in-chief, said on Monday.

Tehran has targeted infrastructure critical to the world’s energy production as part of its retaliation for the Israeli and US bombing campaign that began on Saturday and killed Iranian Supreme Leader Ayatollah Ali Khamenei and other senior officials.

“We will also attack oil pipelines and will not allow a single drop of oil to leave the region. Oil price will reach $200 in the coming days,” Jabbari said in a post on the IRGC’s Telegram channel.

“The Americans, with debts of thousands of billions of dollars, are dependent on the region’s oil, but they should know that not even a drop of oil will reach them,” he was also quoted as saying by the semi-official Tasnim news agency.

Rising energy prices

The Strait of Hormuz, which lies between Iran and Oman, is one of the world’s most critical oil transit routes, with roughly 20 percent of global oil supplies passing through it.

Any disruptions there will further send crude prices soaring and raise fears of a regional escalation.

Energy prices already rose sharply earlier on Monday as disruptions to tanker traffic through the strait, and damage to production facilities, raised uncertainty about how the US-Israeli attacks on Iran would affect supply to the world economy.

The biggest shock was to natural gas prices, which rose by almost 50 percent in Europe and nearly 40 percent in Asia as QatarEnergy, a major supplier, halted the production of liquefied natural gas after its LNG facilities were attacked.

Earlier, Saudi Arabia’s Ras Tanura oil refinery also came under attack from drones, and its defences downed the incoming aircraft, a military spokesman told the state-run Saudi Press Agency. The refinery has a capacity of more than half a million barrels of crude oil a day.

In response, the US said it would take action ⁠to mitigate rising energy prices due to the war with Iran, according to US Secretary of State Marco Rubio.

“Starting tomorrow, you will see us rolling out those phases to ⁠try to mitigate against ⁠that… We anticipated this could be an issue,” Rubio said.

March 2 (UPI) — Apple on Monday introduced the iPhone 17e, the budget model in its iPhone lineup, with upgraded cameras, a stronger scratch resistant screen and MagSafe to improve attaching chargers and accessories to the phone.

The 17e will be available in three colors — black, white and pink — for pre-order on Wednesday. It is expected to hit stores on March 11, with a starting price of $599 for the 256GB-storage model, Apple said in a press release.

“iPhone 17e combines powerful performance and features our users love at an exceptional value, making it a compelling option for customers looking to upgrade to the iPhone 17 family,” Kaianne Drance, vice president of worldwide iPhone product marketing at Apple, said in the release.

“With A19 for incredible performance, double the entry storage, a smarter camera system and enhanced durability, iPhone17e is designed to stay fast, secure and valuable for years to come,” she said.

Apple launched the iPhone 16e just over a year ago in February 2025 as a lower-priced model of the iPhone 16 to replace the SE budget-level iPhone, which had been discontinued after three generations in 2022.

The 17e comes with upgrades over last year’s edition, with a 48MP fusion camera that enables optical-quality 2x telephoto and 4K Dolby Vision video, Apple said.

The new Super Retina XDR screen is said to have 3x stronger scratch resistance and reduced glare, satellite features for satellite communication when off network and Apple has added MagSafe, which allows accessories such as charges, stands and cases to more easily snap onto the back of the phone.

The 17e also includes Apple Intelligence, which is expected to include a new version of the Siri assistant on the phone, and will be powered by Google‘s Gemini AI.

Apple and many phone carriers offering trade-in deals for customers who would like to upgrade, with the oldest models available for trade-in credit starting with the iPhone 11 and the iPhone 13.