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WASHINGTON — White House chief of staff Susie Wiles has been diagnosed with early stage breast cancer but will continue working during her treatment, President Donald Trump said in a social media post on Monday.

Trump said Wiles’ prognosis is “excellent” and described her as “one of the strongest people I know.” He said Wiles plans to begin treatment immediately but made no suggestion she was pulling back on her work as one of his closest advisers.

“During the treatment period, she will be spending virtually full time at the White House, which makes me, as President, very happy!” Trump said on his Truth Social platform. “She will soon be better than ever!”

It comes as the Republican president confronts mounting challenges on global and national fronts, from the war in Iran and soaring oil prices to this fall’s midterm elections and American’s concerns over affordability.

Wiles, 68, is a longtime Trump ally who rose from his campaign co-chair to his closest adviser and counsel. The first woman to become White House chief of staff, Wiles spent decades as a lobbyist and political operative in Florida and led Trump’s 2016 effort in the state.

Binkley writes for the Associated Press.

Oil prices fell sharply after US President Donald Trump said on Monday that the war against Iran could be short-lived and that Washington was considering waiving oil-related sanctions on certain countries to ease pressure on crude markets.

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“So in some countries, we’re going to take those sanctions off until this straightens out,” Trump told reporters, without naming which countries were under consideration.

The United States currently maintains sanctions affecting oil trade against a small group of countries: Iran, Venezuela, Russia, Syria and North Korea.

Trump also said he spoke with Russian President Vladimir Putin on Monday to discuss the war and other issues.

Oil prices retreated from recent highs, with both WTI crude and Brent futures falling more than 9%. Brent was trading just below $90 during the European morning, while WTI stood at $85.40 a barrel.

Prices had briefly surged to their highest level since 2022, nearing $120 a barrel, a day after Iran’s Assembly of Experts appointed Mojtaba Khamenei as supreme leader in succession to his late father.

Investors read the appointment as a signal that Tehran was digging in, ten days into the war launched by the United States and Israel.

But prices later fell, and US stocks rose on hopes that the war with Iran may not last much longer.

“We took a little excursion” to the Middle East, “to get rid of some evil. And, I think you’ll see it’s going to be a short-term excursion,” Trump told Republican lawmakers at his golf club near Miami.

However, he left open the possibility of an escalation of fighting if global oil supplies are disrupted by the Islamic Republic, which chose a new hardline supreme leader.

Hours later, Trump posted on social media.

“If Iran does anything that stops the flow of oil through the Strait of Hormuz, they will be hit by the United States of America twenty times harder than they have been hit thus far.”

In an apparent response to Trump’s remarks, Iranian state media reported that Ali Mohammad Naini, a spokesperson for the paramilitary Revolutionary Guard, said that “Iran will determine when the war ends”.

Stock markets cheer the news

All major European stock markets opened sharply higher.

The FTSE 100 in London gained more than 1.1%, the CAC 40 in Paris jumped 1.9%, the DAX in Frankfurt rose 2%, benchmark indices in Madrid and Milan were up 2.5%, and the Stoxx 600 gained 1.7%.

Asian shares also rebounded on Tuesday after sharp declines the previous day, as investors wagered the conflict might be short-lived.

Tokyo’s Nikkei 225 added 2.9%, also buoyed by revised government data showing Japan’s economy grew at an annual pace of 1.3% in the final quarter of last year — well above the initial estimate of 0.2%, driven by solid business investment.

South Korea’s Kospi jumped 5.4% and Australia’s S&P/ASX 200 gained 1.1%.

“Today is the rebound — obviously [after] positive comments from President Trump overnight. We’re starting to see the light at the end of the tunnel for the war,” said Neil Newman, head of strategy at Astris Advisory Japan.

“Volatility is going to remain with us, but things are certainly looking a lot brighter today.”

Hong Kong’s Hang Seng added 2.1% and the Shanghai Composite rose 0.6%.

Share prices have been swinging largely in tandem with oil, which has gyrated as the conflict has deepened.

The central uncertainty for markets is how high crude prices will go and how long they will stay there, given ongoing disruptions to Middle Eastern energy infrastructure.

If oil remains very high for an extended period, households already stretched by inflation could come under severe pressure, while companies would face sharply higher bills for fuel and logistics.

The risk is a worst-case scenario for the global economy: stagflation, where growth stagnates and inflation stays elevated.

Attention has focused in particular on the Strait of Hormuz, the narrow waterway off Iran’s coast through which a fifth of the world’s oil passes on a typical day.

Iran has threatened to attack ships sailing through the strait.

If it remains closed for even a few weeks, oil could push to $150 a barrel or higher, according to strategists at Macquarie Research. Trump said separately that he was “thinking about taking it over,” according to CBS.

In bond markets, the yield on the 10-year US Treasury fell to 4.10% from 4.15% late Friday after briefly rising above 4.20% on Monday morning as oil price fears pushed yields higher.

Yields retreated when crude eased later in the day.

In currency markets, the dollar edged up to 157.48 yen from 157.67, while the euro was unchanged at $1.1638.

Gold rose 1.7% to $5,191.8 an ounce. Cryptocurrency markets also gained, with most leading tokens up between 1% and 2%.

Bitcoin outperformed, rising 2.6% to $70,863 according to the CoinDesk Bitcoin Price Index.

WASHINGTON — The United States plunged further into conflict with Iran on Tuesday as a new round of strikes heightened fears of an expanding war in the Middle East, sending markets reeling and oil prices soaring and drawing urgent calls from European leaders for a plan forward.

President Trump acknowledged during an Oval Office appearance that the public would feel some economic pain as fighting continues to threaten areas that are critical to the world’s oil and natural gas production.

“As soon as this ends, those prices are going to drop, I believe lower than ever before,” Trump said, though he did not provide a clear time frame for when the conflict might end.

As the war stretched into its fourth day on Tuesday, Israel struck Iranian missile launch facilities and weapon factories and Iran retaliated across the Persian Gulf region, including attacks on U.S. diplomatic sites in Saudi Arabia, Kuwait and Dubai.

The conflict simultaneously set off alarms in the global markets, prompting stocks in Europe and Asia to plunge and the S&P 500 to drop nearly 1% after falling as much as 2.5% in early trading.

European governments were also forced to contend with the fallout, with some countries increasing their military presence in the region as their actions are closely monitored by Trump, who publicly singled out countries that he thought had been helpful in his war efforts so far.

“Spain has been terrible,” Trump told reporters in the Oval Office while threatening to “cut off all trade with Spain” after he said the country had denied American forces access to its military bases.

Trump said he was “not happy with the U.K. either” and complained about not being allowed to use a military base on Diego Garcia in the Chagos Islands. Without access to that military base, Trump said American planes were forced to fly “many extra hours.”

“We were very surprised. This is not Winston Churchill that we’re dealing with,” Trump said. Churchill served as Britain’s prime minister during World War II.

As Trump threatened European allies, he sat next to German Chancellor Friedrich Merz, underscoring the fraught landscape that world leaders are navigating as American and Israeli forces work to destroy Iran’s missile capabilities and nuclear program and eye a potential change in government.

During their meeting, Trump said Germany has allowed the United States to use its air bases. Beyond that help, Trump said, “we’re not asking them to put boots on the ground or anything.”

When asked by reporters how Germany intended to help in the conflict, Merz said he wanted to focus on talking to Trump about what comes “the day after” the war ends.

“We are on the same page in terms of getting this terrible regime in Iran away and we will talk about the day after, what will happen then, if they are out,” Merz said.

Trump talks about regime change options

Trump did not have much to say yet on what will come next and was unclear on who will lead the Iranian government, saying that U.S. and Israeli military operations had killed the people who he thought could have filled the leadership vacuum.

“Most of the people we had in mind are dead,” Trump said. “Now, we have another group, but they may be dead also based on reports so I guess you have a third wave coming in and pretty soon we’re not going to know anybody.”

His remarks were a startling acknowledgment in part because minutes earlier he said the worst-case scenario in his mind was that the military operation would take place and “then somebody takes over who is as bad as the previous person.”

“That could happen,” Trump said.

Asked if Crown Prince Reza Pahlavi, son of the former shah, is someone he would like to run the country, Trump said he is a “very nice person,” but did not say for sure whether he is his choice.

The president and his top aides have offered varying explanations when asked about regime change, drawing criticism from Democrats and some conservatives who are demanding to know why Americans are being dragged into a war with no clear end in sight.

On Saturday, when U.S. and Israeli forces first struck Iran, Trump said overthrowing Iran’s theocratic regime was part of his rationale. But on Monday, he emphasized that Iran’s missiles posed a threat to the United States, and therefore theattack was carried out to eradicate its missile capability and nuclear program.

After briefing lawmakers Monday afternoon, Secretary of State Marco Rubio told reporters that the United States launched a “preemptive” attack on Iran because officials knew Israel was going to strike the country — a move that he said would have put U.S. forces at risk and led to even more U.S. casualties. As of Tuesday, six American troops have been killed in combat.

House Speaker Mike Johnson (R-La.), after being briefed by Trump administration officials on Monday afternoon, said, “Israel was determined to act in their own defense, with or without American support.”

“If Israel fired upon Iran, and took action against Iran to take out the missiles, then they would have immediately retaliated against U.S. personnel and assets,” Johnson told reporters.

Trump disputed the suggestion that Israel’s plans to attack Iran prompted him to launch the strikes, saying it was the other way around.

“If anything, I might have forced Israel’s hand,” Trump said Tuesday. “But Israel was ready, and we were ready, and we’ve had a very, very powerful impact because virtually everything they have has been knocked out.”

But it was unclear how far along the U.S. military is in accomplishing its mission.

In a letter Monday, Trump told Congress that while the “United States desires a quick and enduring peace, it is not possible at this time to know the full scope and duration of military operations that may be necessary.”

Senate Minority Leader Chuck Schumer (D-New York) warned in a speech on the Senate floor that the administration’s murky strategy is not good for the country.

“History teaches us a simple lesson: Wars without a clear objective do not stay small. They get bigger, they get bloodier, they get longer, they get more expensive,” Schumer said. “This is not a defensive war. This is not a necessary war. This is a war of choice.”

The latest attacks on the region

Tuesday saw yet another expansion of the war when Israeli troops blitzed into Lebanon in a bid to dislodge the Iran-backed Shiite militant group Hezbollah.

The ground invasion comes one day after Hezbollah lobbed rockets and drones at an Israeli military position across the border; an attack, the group said, that was vengeance for the killing of Iranian Supreme Leader Ayatollah Ali Khamenei and a response to Israel’s near-daily violations of a ceasefire brokered by the U.S. in November 2024.

The attack sparked a massive Israeli assault on dozens of villages and towns in southern Lebanon, as well as on the southern suburbs of the Lebanese capital, Beirut. The strikes killed 40 people, wounded 246 others and saw tens of thousands forced to leave their homes and scramble for shelter in Beirut and elsewhere, according to Lebanese authorities.

The Lebanese army said Tuesday that it was withdrawing from positions in southern Lebanon ahead of a ground incursion by Israeli troops. The Israeli military’s Arabic-language spokesman then issued a warning to residents of some 80 towns and villages in that region to “immediately evacuate your homes” and move northward.

Hezbollah, meanwhile, maintained a defiant stance and continued rocket and drone launches into Israel.

“The era of patience has ended, and we have no option but to return to resistance,” said Mahmoud Qatari, who chairs Hezbollah’s Political Council. “If Israel wants an open war, so be it.”

The invasion comes more than a year after Israel occupied parts of southern Lebanon in 2024. After the ceasefire came into effect, Israel withdrew from most parts of the country save for five positions near the border. Yet in the 15 months since the ceasefire was signed, it has proved to be more notional for Lebanon, with Israeli warplanes and troops conducting well over 10,000 truce violations, according to the U.N.

Israel says its actions are to stop Hezbollah from reconstituting itself near the border, but the result has meant residents of border towns and villages in southern Lebanon have been unable to return home.

Israel’s military spokesman, Brigadier Gen. Effie Defrin, said in a statement that troops were “creating a buffer” inside Lebanon between residents in northern Israel “and any threat.”

As the conflict has escalated, some 1,600 Americans stranded across the region have requested assistance and the Trump administration is trying to help evacuate them, Rubio said. But the effort has faced challenges because Iranian missiles have struck many Mideast airports.

“We know we are going to be able to help them,” Rubio said. “It is going to take a little time because we do not control the airspace closures.”

Ceballos reported from Washington, Bulos from Khartoum, Sudan.

WASHINGTON — Amid the chaos in Kabul, politicians and pundits have declared the Taliban’s victory in Afghanistan a defeat from which U.S. influence may never recover.

“Biden’s credibility is now shot,” wrote Gideon Rachman, chief oracle of Britain’s Financial Times.

“A grave blow to America’s standing,” warned the Economist.

But take a deep breath and remember some history.

When South Vietnam collapsed after a war that involved four times as many U.S. troops, many drew the same conclusion: The age of U.S. global power was over.

Less than 15 years later, the Berlin Wall came down, the Cold War began to end, and the United States soon stood as the world’s only superpower.

The lesson: A debacle like the defeat in Kabul — or the one in Saigon two generations earlier — doesn’t always prevent a powerful country from marshaling its resources and succeeding.

I’m not dismissing the tragedy that has befallen the Afghans or the damage that U.S. credibility has suffered. When President Biden told a news conference that he had “seen no questioning of our credibility from allies,” he sounded as if he was in denial — or, perhaps worse, out of touch.

No questioning? How about the question from Tobias Ellwood, chairman of the British Parliament’s defense committee: “Whatever happened to ‘America is back’?”

Or the complaint from Armin Laschet, the German conservative who could be his country’s leader after elections next month: “The greatest debacle NATO has experienced since its founding.”

Whether he likes it or not, Biden has repair work to do.

The first step, already underway, is making sure the endgame in Kabul doesn’t get any worse.

That means keeping U.S. troops on the ground until every American is out, as Biden has promised. It also requires an energetic effort to evacuate Afghans who worked with the U.S. government and other institutions, even if that requires risking the lives of some American troops. Those Afghans trusted us; if we abandon them, it will be a long time before we can credibly ask the same of anyone else.

And, of course, the administration needs to prevent Al Qaeda and other terrorist groups from replanting themselves in Taliban-ruled Afghanistan. If the United States fails at that — the original reason we invaded the country almost 20 years ago — Biden’s decision to withdraw will justly be judged a fiasco.

There’s repair work to do beyond Afghanistan, too.

“We’ve got to show that it would be wrong to see American foreign policy through the lens of Afghanistan,” Richard N. Haass, president of the nonpartisan Council on Foreign Relations and a former top State Department official, told me.

The United States has more important interests that need attention and allies that need reassurance, he said.

“The most important thing is to deter our major foes,” he said, referring to China, Russia and Iran.

“This is a moment to strengthen forces in Europe, mount more freedom of navigation operations [by the U.S. Navy] in the South China Sea,” he said. “This is a good time to say we’re serious about our commitment to Taiwan,” which China periodically threatens.

Biden took a step in that direction in his recent interview with ABC’s George Stephanopoulos, listing Taiwan along with South Korea and Japan as places where the U.S. “would respond” to an attack.

If anything, Haass and other foreign policy veterans say, the questions about American credibility are likely to make Biden react more strongly to the next few challenges overseas.

“The most intriguing question is what effect this episode has on Biden’s thinking,” suggested Aaron David Miller of the Carnegie Endowment for International Peace. “Will he think: ‘I’ve got to be tougher with the Iranians now? Do I have to signal to a country like Taiwan that I’m prepared to protect American interests there?’”

But the notion that American influence has been fatally damaged is overblown, he argued.

“There have been many other instances in which U.S. credibility has been diminished, but our phone continues to ring,” Miller said.

Biden and his aides already know most of this. The premises of his foreign policy — reviving U.S. domestic strength, revitalizing U.S. alliances, and focusing on vital interests like China and Russia — provide a foundation for recovery.

“My dad used to have an expression: If everything is equally important to you, nothing is important to you,” the president said last week. “We should be focusing on where the threat is the greatest.”

The test Biden faces now is whether he can execute that strategy — and show that he’s credible where it matters most — more successfully than in his botched withdrawal from an unwinnable war.

Feb. 27 (Asia Today) — Revenue and admissions for South Korean films plunged about 40% in 2025 from a year earlier, according to industry data released Thursday, underscoring ongoing challenges for the domestic box office.

The Korean Film Council said in its annual industry report that total theater revenue reached 1.047 trillion won ($785 million) last year, while total admissions stood at 106.09 million, down 12.4% and 13.8% respectively from 2024.

The industry narrowly maintained the 1 trillion won and 100 million admissions thresholds, helped by a string of late-year hits including “Zombie Daughter,” “F1: The Movie,” “Demon Slayer: Kimetsu no Yaiba – Infinity Castle,” “Zootopia 2” and “Avatar: Fire and Ash.”

However, Korean films alone saw a much steeper decline.

Domestic titles generated 419.1 billion won ($314 million) in revenue and drew 43.58 million viewers, down 39.4% and 39.0% from a year earlier. Their market share fell to around 40%, and no Korean film surpassed 10 million admissions in 2025.

In contrast, foreign films posted revenue of 627.9 billion won ($471 million) and 62.51 million admissions, up 24.7% and 21.0% year-on-year.

Special format screenings such as IMAX and 4D recorded 110 billion won ($82 million) in revenue, up 46.3% from 75.9 billion won the previous year. The average number of cinema visits per person declined to 2.08 from 2.40.

The export value of completed Korean films rose 19.9% to $50.28 million, driven largely by demand in Asian markets including Japan, Taiwan, Indonesia and Vietnam.

The council said overall theater visits declined, but audiences showed a stronger tendency toward selective viewing of major titles, suggesting a more concentrated box office environment.

— 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=20260227010008420

Desmond Bane scored 36 points and Paolo Banchero added 16 points and eight assists as the Orlando Magic held on for a 111-109 victory over the Clippers on Sunday night at Intuit Dome.

Wendell Carter Jr. had 15 points and 14 rebounds and Tristan da Silva scored 13 for the Magic, who improved to 5-2 since Feb. 5.

Kawhi Leonard shrugged off an ankle injury to score 37 points and Bennedict Mathurin added 21 points and nine rebounds off the bench for the Clippers, who are 4-5 since Feb. 2. Mathurin missed a three-point attempt to win the game at the buzzer.

Jordan Miller had 14 points for the Clippers (27-30).

Leonard exited Friday’s loss against the Lakers with an ankle sprain. Mathurin was playing in his fifth game for the Clippers after he was acquired at the trade deadline from the Indiana Pacers.

Orlando won despite going eight of 23 from three-point range, two games after setting a franchise record with 27 three-pointers in a victory at Sacramento. Jalen Suggs missed his second consecutive game for the Magic with back spasms.

In a tight game throughout, Leonard gave the Clippers a 107-105 lead with 3:03 remaining on a jumper from the top of the key. The Magic took charge from there as Bane hit a jumper to tie the score and then made a layup with 1:28 left for a 109-107 advantage.

As the Clippers missed four consecutive shots, Orlando went up 111-107 on a fast-break dunk from Banchero with 40 seconds left.

Bane tried to pad the Magic’s lead with eight seconds remaining but had his shot blocked inside by rookie Yanic Konan Niederhauser. Mathurin then raced down the floor only to miss a 25-footer as time expired.

Feb. 20 (Asia Today) — The number of fishing vessels over 10 tons in North Gyeongsang Province has fallen nearly 16% over the past five years as squid stocks along South Korea’s East Sea coast continue to decline, government data show.

According to the Ministry of Oceans and Fisheries’ fisheries statistics portal, 369 vessels exceeding 10 tons were registered in Gyeongbuk in 2024, down from 438 in 2020, a 15.7% decrease.

Local fishermen have long relied on squid as a primary source of income. In 2020, catches of Pacific flying squid in the region reached 20,653 tons, accounting for more than half of total production. By 2023, that figure had plunged to 2,793 tons, an 86% drop in four years.

Analysts attribute the decline in part to rising sea temperatures that have pushed spawning and feeding grounds northward, causing juvenile squid to remain longer in northern Gangwon Province and waters near North Korea.

Some observers also point to large-scale fishing activity by Chinese vessels in North Korean waters. In 2020, Global Fishing Watch, a nonprofit monitoring group, reported that squid populations in South Korean and Japanese waters had fallen about 80% since 2003, linking the decline to foreign fishing in North Korean waters.

The group said more than 900 large Chinese vessels were found operating in the area in violation of U.N. sanctions and estimated they harvested more than 160,000 tons of Pacific flying squid worth roughly $500 million between 2017 and 2018 – an amount comparable to the combined annual catch of South Korea and Japan.

As nearshore squid stocks dwindle, distant-water fishing has expanded. In Busan, the number of vessels over 200 tons rose 18%, from 273 in 2020 to 321 in 2024, even as mid-sized vessels declined.

Overall registered fishing vessels in Busan remained relatively stable at 3,339 in 2024, compared with 3,333 four years earlier, but the fleet composition shifted toward larger ships.

Government data show distant-water squid production nearly doubled from 31,500 tons in 2023 to 63,200 tons in 2024.

Industry groups said a recently passed amendment to the Coastal and Inshore Fisheries Structural Improvement Act could provide a more stable exit path for fishing households facing financial strain.

— 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=20260220010006175