hopes

British wildcard Arthur Fery beat Zizou Bergs in a five-set thriller to reach the Wimbledon fourth round and keep home singles hopes alive – despite suffering three nosebleeds during the match.

Wildcard Fery recovered twice from falling a set and a break down to come through 2-6 7-5 2-6 7-6 (7-3) 7-6 (10-5) in front of a packed crowd on court 18.

Fery was outside the world’s top 100 at the start of the championships but played above his ranking to become sole home player to reach the singles third round.

After fighting back to beat Bosnia’s Damir Dzumhur and Finland’s Otto Virtanen in his first two matches, it seemed as though Fery had finally run out of steam against Belgium’s Bergs.

But the 23-year-old held his nerve and then rallied to become the first British wildcard to reach the Wimbledon fourth round since 1993.

“No words for it, honestly,” Fery said after throwing himself to the floor in celebration.

“I don’t know what is going on right now. It will take time to digest it.”

Fery will face Italy’s Matteo Berrettini or Grigor Dimitrov next.

Wall Street ended the holiday-shortened week higher as investors looked past softer-than-expected labor market data and increased bets that the Federal Reserve could cut interest rates before year-end.

The June jobs report showed the U.S. added just 57,000 jobs, missing expectations, while the

Aroldis Chapman set the major league record for relief strikeouts after rookie Jake Bennett yielded five hits while pitching into the eighth inning for the Boston Red Sox in a 5-2 victory over the Angels on Friday night.

The 38-year-old Chapman broke Hoyt Wilhelm’s record with his 1,364th career strikeout as a reliever when he fanned Denzer Guzman leading off the ninth. The knuckleballing Wilhelm last pitched in 1972.

Chapman gave up back-to-back singles after his milestone strikeout, but got Jo Adell to ground into a double play to secure his 17th save.

Caleb Durbin hit a solo homer in the opener of a nine-game trip for the Red Sox, who have won six of eight.

In just his seventh career start, Bennett (3-3) struck out six with no walks while dominating the last-place Angels until the their two-run eighth.

Six days after the Yankees’ first 15 batters couldn’t get a hit off Bennett, the lanky left-hander retired the Angels’ first 13 batters before Vaughn Grissom’s fifth-inning single.

Bennett retired 22 of the Angels’ first 24 batters before Jose Siri homered in the eighth for the Angels, who have lost four straight.

Zach Neto added a two-out RBI single moments later to chase Bennett.

Reid Detmers (3-6) struggled through five innings while taking his first loss in eight starts since May 19 for the Angels, yielding five runs on seven hits with three walks.

Romy Gonzalez had three hits and drove in two runs for Boston. Durbin added his eighth homer leading off the fifth.

Angels catcher Logan O’Hoppe was removed from the game and evaluated after taking a foul ball off his mask in the third. O’Hoppe went on the concussion injured list last September after getting accidentally hit by a backswing, and he went through the concussion protocol again two months ago after a home plate collision with Texas’ Josh Jung.

Trout hoping to return before All-Star Game

Angels center fielder Mike Trout bats against the Arizona Diamondbacks on June 16.

(Rick Scuteri / Associated Press)

Mike Trout believes he can return from a hamstring injury for the Angels next week, giving him enough time to be ready for the All-Star Game in Philadelphia on July 14.

Trout has been out since June 17, when he strained his right hamstring while running the bases against Arizona. He performed his normal pregame routine Friday and he expects to hit on the field this weekend.

Trout said he is optimistic about playing early next week, and manager Kurt Suzuki didn’t disagree.

“He looks good,” Suzuki said. “I saw him today when I first came in. He was working out. He was obviously on the road trip, doing his thing. He’s getting really close. Really, really close.”

The 34-year-old Trout hasn’t been officially selected for the All-Star Game at Citizens Bank Park, but the two-time All-Star Game MVP is expected to be elected to the AL’s starting outfield in what would be his 12th All-Star nod.

The honor would be particularly special this year for Trout, who grew up 40 miles from Philadelphia in Millville, N.J.

The three-time AL MVP hasn’t participated in the All-Star festivities since 2019. He wasn’t able to play because of injury after being selected from 2021 to 2023, and he injured his knee early in the 2024 season before not being selected last year.

Trout has bounced back and stayed mostly healthy for the Angels this season, posting a team-leading .866 OPS with 17 homers and 36 RBIs in 74 games.

He said last week that he probably wouldn’t participate in the home run derby as he tries to stay healthy.

Arthur Fery grew up just a short walk away from Wimbledon but there is much more to his story than simply the confines of SW19.

The British men’s number three was born near Paris to his French parents before the family moved to Wimbledon when he was still in nappies.

After coming through the Lawn Tennis Association system, the 23-year-old then moved to Stanford University in California to study for a degree in science, technology and society – and sharpen his game in a tennis scholarship.

Now Fery is back on his doorstep and enjoying the biggest success of his career.

The world number 114 is left carrying British hopes at the All England Club this year after becoming the sole home player to reach the third round of the singles.

“I grew up coming to the tournament, watching the players and that definitely contributed to my development,” Fery told BBC Sport.

“I was trying to imitate players – like you do when you’re a kid. Now I’m here winning matches. It’s awesome.”

Fery’s mother, Olivia, is a French former Fed Cup player, who used to work for the LTA as a business development manager, while father Loic is an asset manager who owns Ligue 1 football club Lorient.

Many summer holidays were spent at the family’s second home near La Rochelle on the west coast of France, while he also spent time with other relatives near Nice – an area packed with courts and academies – to hone his tennis talent.

Fery briefly represented France when he was about 10 before starting to play for Britain shortly after.

After that, he says, there was “no question” that he would go on to represent Britain in the professional ranks.

“By that point, there was really no decision to make. I was living here, I was training at the National Tennis Centre. I was in the system here,” he said.

“I feel completely British now. Maybe 10 years ago if you’d asked me the question, it would be a bit different. Now I feel very British at heart.”

George Russell’s victory over Max Verstappen further reduces teammate Kimi Antonelli’s lead in the drivers’ title race.

A thirsty George Russell won the Austrian Grand Prix from pole position on Sunday to trim Mercedes teammate Kimi Antonelli’s Formula One championship lead to 40 points.

Max Verstappen finished 1.6 seconds adrift, after crashing in qualifying and starting fifth, at his Red Bull team’s home circuit with Antonelli third and 0.3 behind after a thrilling chase to the line at scenic Spielberg.

The win was Russell’s second of the season, after he took the opener in Australia, his career seventh and Mercedes’ seventh in eight rounds so far.

Antonelli has 171 points to Russell’s 131 with Ferrari’s Lewis Hamilton, fifth on Sunday after running second and battling Verstappen wheel-to-wheel, dropping to third on 125.

In the constructors’ standings, Mercedes have 302 points to Ferrari’s 204.

“Incredible to be back on the top step. It’s been a little while, so I am definitely going to enjoy this one this evening,” said Russell, who can now head to his home British GP at Silverstone next weekend on a high.

He revealed over the radio after taking the chequered flag that his drinks system had failed during the race, the first of the season to be declared a “heat hazard”. “Nice race for it to do so, I’m a little bit thirsty,” he said.

Oscar Piastri was fourth for McLaren, ahead of Hamilton, with Isack Hadjar sixth for Red Bull.

Reigning champion Lando Norris, last year’s winner in Austria, was seventh with Ferrari’s Charles Leclerc eighth and Racing Bulls pair Liam Lawson and rookie Arvid Lindblad completing the top 10.

“I was having to push every single lap and when you push those boundaries there’s bound to be a small mistake or two,” said Russell.

“I knew how quick the guys were behind. Kimi has been extraordinarily quick this whole season, so every lap I was looking at the timing board.”

The advertisements all start the same way. It could be a barber, an aunt or a family member in discussion with others about the FIFA World Cup, but in each case, they assume Egypt will be heading home after the group stage.

Then an Egyptian footballer pushes back: “To all the doubters, this time we’re staying longer.”

It’s a line that’s resonating like never before in the nation of 120 million people, as Egyptian football fans wait with bated breath for the final round of group stage matches that could send The Pharaohs, as the national team are known, into uncharted territory: the knockout stages.

Here’s why these commercials have captured the zeitgeist in Egypt:

Egypt’s poor World Cup track record

Egypt was the first African and Arab nation ever to play in a World Cup, back in 1934. It has won the Africa Cup of Nations a record seven times. Football in Egypt isn’t just a sport, it’s a national identity, and The Pharaohs have long been a source of genuine pride and belief.

But the World Cup has always told a different story. Before this tournament, Egypt had qualified just three times — in 1934, 1990 and 2018.

It had never won a single match. Fans still carry the painful memories of a penalty shootout loss to Senegal that kept Egypt out of the Qatar World Cup 2022 entirely.

What’s different this time?

Everything — at least, so it seems.

After two games at the World Cup, Egypt sits at the top of Group G, above Iran, Belgium and New Zealand.

The 26th ranked Egypt drew 1-1 with Belgium — ranked 10 in the world — in its first match. Then, it beat lower-ranked New Zealand 3-1.

Its four points are the most Egypt has ever earned at a World Cup. Its four goals are the most Egypt has ever scored at a World Cup.

Now, on Friday night in Seattle — early Saturday morning in Egypt — the team faces Iran in their final group game. A win or a draw would guarantee that Egypt’s national team goes into the knockout stages for the first time.

If Egypt loses to Iran, they might still make it to the round of 32, but their fate will depend on what happens in the Belgium-New Zealand match that will be held at the same time, and potentially, on the outcomes of matches in other groups. Eight of the 12 teams places third in their groups will also move into the next round.

So in a nutshell, Egypt is on the cusp of going where it never has before — and only a rare set of permutations can deny it that chance.

But it isn’t just the performances. Part of what makes this year feel different, to many fans, is the identity of the main man standing outside the pitch, next to the Egyptian dugout.

Hossam Hassan is Egypt’s all-time top scorer and one of the most iconic figures in the country’s football history. In 1990, he scored the goal that ended a 56-year wait and sent Egypt to the World Cup in Italy. Now, more than three decades later, he is the national team’s coach, making him the first Egyptian ever to reach the World Cup as both player and manager.

For older fans, his presence carries the memory of a time when Egypt genuinely believed it could make its mark on the world stage.

So what are the advertisements really about?

They aren’t really making fun of the team. They’re making fun of the deeply ingrained expectation that Egypt won’t go very far. And that expectation, many argue, goes beyond football. Years of economic hardship and political uncertainty have made expecting the worst feel like common sense for many Egyptians. They protect themselves from disappointment. They assume it won’t work out before it doesn’t.

That’s what has also made the campaigns somewhat divisive. For some viewers, the humour felt honest — a reflection of a habit fans know they have. It prompted real questions about why low expectations have become so normal. Others argued the advertisements risked making those same low expectations feel permanent, even acceptable.

Either way, they underscore how the 2026 World Cup has reignited faith among Egyptian fans, as they wait for the Iran match. An advertisement campaign challenging doubters has come to reflect the broader hopes, doubts and debates surrounding The Pharaohs.

Bosnia and Herzegovina are on the verge of reaching the knockout stages of the World Cup for the first time after beating Qatar 3-1 in their final Group B match.

Bosnia move on to four points and are in a strong position to be one of the best eight third-placed teams to progress to the last 32.

Qatar, meanwhile, exit at the group stage, just as they did four years ago when they hosted the World Cup.

Goals from Bosnia’s youngest-ever World Cup player, 18-year-old Kerim Alajbegovic, and an own goal by Qatar goalkeeper Mahmoud Abunada looked to have put the European side in the box seat.

However, Qatar made a game of it when 35-year-old Hassan Alhaydos, their most capped player, pulled one back late in the first half.

Ermin Mahmic then put the game beyond the Qataris when he scored for the second successive match in the 80th minute.

Bosnia flew out of the blocks as soon as the whistle went, testing Abunada twice inside the first four minutes.

First, Abunada denied Ermedin Demirovic’s fierce drive, and then he tipped away Ivan Sunjic’s shot.

Bosnia’s dominance finally paid off, but it was not the 40-year-old talisman Edin Dzeko who broke the deadlock, but the sublimely talented teenage left-wing.

Abunada was unable to do anything about Alajbegovic’s screamer from outside the area, after he had beaten two players.

The youngster was mobbed by his teammates, and once they had trotted back to the halfway line, he stood and milked the moment, putting a finger to his lips.

Dzeko, winning his 150th cap, came more and more into the game, and not wishing to have his thunder stolen by the new kid on the block, he played an integral role in their second five minutes later.

His shot took a wicked deflection off Sultan Albrake and then Abunada on its way into the net.

Dzeko was well into his stride now, and he broke clear a few minutes later, his shot beating Abunada but rebounding off the post.

Bosnia’s earlier sprightliness dipped in the heat, and it was the doyen of Qatari football, Alhaydos, who repaid coach Julen Lopetegui’s faith by slotting home in the 42nd minute.

The Bosnian defence failed to learn from that, and in time added on, they had the far post to thank for keeping their noses in front as Pedro Miguel’s shot came back off it.

Alhaydos’s World Cup, and perhaps his distinguished international career, ended in tears as he trudged disconsolately off the pitch, injured in the 55th minute.

Chances were few and far between until Esmir Bajraktarevic stole in from the right wing and came close to emulating Alajbegovic’s effort, but Abunada turned it away for a corner.

Bosnian frustration gave way to ecstasy when Mahmic prodded the ball home – the scorer ripping his shirt off in celebration, and the 21-year-old paid little notice to being booked for it.

Women’s T20 World Cup, Group 1, Manchester

India 158-7 (20 overs): Verma 31 (15); Kapp 2-27, Ismail 2-28

South Africa 161-4 (19.1 overs): Kapp 81 (45); Charani 3-24

South Africa won by six wickets

Scorecard, Table

Marizanne Kapp struck a powerful unbeaten 81 as South Africa beat India by six wickets to keep their World Cup hopes alive.

Having taken 2-27 with the ball, the all-rounder struck seven fours and four sixes in a 45-ball innings as the Proteas chased down a target of 159 with five balls to spare.

Kapp joined Tazmin Brits at the crease at 25-2 in the final over of the powerplay and the pair began slowly, only reaching 59 at the halfway mark, before steadily beginning to accumulate.

With their partnership three short of a century Brits departed for a 36-ball 40, caught in the deep off Shafali Verma, while Kapp survived a drop by Radha Yadav later in the over.

She took advantage, hammering two sixes in Deepti Sharma’s penultimate over, before Chloe Tyron edged a winning four off Nandni Sharma.

India captain Harmanpreet Kaur – playing a record 200th T20 international – had chosen to bat and Shafali Verma got her side off to a strong start, striking three fours and a six in a 15-ball 31.

Her innings helped India reach 59-2 at the end of the powerplay, but by that point both openers were back in the dugout, with Smriti Mandhana bowled having missed a scoop shot and Verma gloving a short ball behind.

India were unable to press on from their platform, with none of their subsequent batters managing to outscore Shafali.

Deepti threatened for a time, striking 29 from 21 deliveries, but both she and Richa Ghosh chipped tamely to short fine leg as India closed on 158-7.

South Africa now join their opponents on four points, behind group leaders Australia on six.

They have fixtures with Bangladesh and the Netherlands to play, while the result likely makes India’s match against Australia at Lord’s on 28 June crucial to the outcome of the group.

Goalkeeper Raúl Rangel was 18 years old and playing for Chivas de Guadalajara’s youth academy the last time Mexico faced South Korea in a World Cup match in 2018.

Three years ago, when asked who might be the next great goalkeeper for the Mexican national team, Rangel named himself ahead of veteran Guillermo “Memo” Ochoa. A bold statement for a player who was just making his professional debut.

On Thursday, the 26-year-old goalkeeper will defend El Tri’s goal during his second World Cup match at Guadalajara Stadium — where he usually plays home games with Chivas — when Mexico takes on South Korea at 6 p.m. PDT on Fox/Telemundo in the second match of Group A.

“I told everyone, ‘I see myself at the World Cup.’ Some people laughed,” Rangel recalled. “I’d been picturing myself on the national team for three years.”

Mexico’s Julian Quinones celebrates with teammates after scoring during a World Cup match against South Africa at Azteca Stadium on June 11.

(Luke Hales / Getty Images)

Mexico and South Korea won their opening matches — El Tri against South Africa and the South Koreans against the Czech Republic — so the winner of this match will take first place in the group and secure its spot in the next round. The incentive is clear for Mexico, as the group winner will play the next two knockout rounds at Azteca Stadium, where El Tri has never lost a World Cup match.

The second-place team, on the other hand, would have to travel to Los Angeles for its next match. While the opponent could be tougher, Los Angeles would be a comfortable destination for South Korea — it has a strong fan base in L.A. and wouldn’t have to contend with Mexico City’s high altitude.

After an opening match in which Mexico coach Javier Aguirre acknowledged that the pressure of the first day affected the team’s performance and that the emotional atmosphere at Azteca Stadium had “weighed heavily” on several of his players, the coach and the players hope to deliver a sharper performance against South Korea.

“Yes, there was a bit of nervousness, a bit of fear,” Mexico midfielder Erik Lira admitted after the opener.

“We need to be more decisive; the win has calmed the nerves we’ve had over the last few days,” Mexico defender Israel Reyes said.

But if Mexico wants to excel, it needs not only to put its nerves behind it but also to improve tactically. Mexico, a co-host of the tournament alongside the United States and Canada, is aiming to reach the knockout stage of the World Cup and advance beyond the round of 16. El Tri has won only one match in the knockout stage — in 1986, when it defeated Bulgaria 2-0 at Azteca Stadium.

“I think that mental aspect has been missing for us. We have to believe that we can achieve great things,” Rangel said. “I truly believe I’m going to be a champion with Mexico. We have a responsibility as hosts.”

The match will be played at Guadalajara Stadium, 5,138 feet above sea level, and will mark the first time Mexico has played a World Cup match in the city.

Chivas, Mexico’s most popular club team, has the most players on the national team with five and all of them will get to play their second World Cup match on their club’s home turf. Brian Gutiérrez, the Mexican American who played a key role in the opener as South Africa was hit a with a red card while trying to stop him, and veteran Roberto Alvarado, who recorded an assist against South Africa, joined Rangel as Chivas starters in the opener. Bench players Luis Romo and Armando González, who also saw action in the opener, also play for Chivas.

Mexico captain Edson Álvarez challenges South Africa’s Themba Zwane during a World Cup match at Azteca Stadium on June 11.

(Carl Recine / Getty Images)

Aguirre will have to make at least one lineup change against South Korea, with Edson Álvarez replacing César Montes, who is serving a red-card suspension. Álvarez is coming off an injury and it’s unclear how he will navigate the stress. Aguirre is also expected to give playing time to 17-year-old prospect Gilberto Mora in midfield — possibly in place of Gutiérrez — and to bring in Jorge Sánchez for Reyes at fullback.

South Korea arrives with a mix of European experience and a hunger for glory. LAFC star Son Heung-min is playing in his fourth World Cup and scored against Mexico in 2018. Kim Min-jae of Bayern Munich has been a rock in defensive midfield, while Paris Saint-Germain’s Lee Kang-in — who, interestingly, played under Aguirre at Mallorca — is a constant threat in creating plays. Joining them is Hwang In-beom of Feyenoord in the Netherlands.

The South Koreans have also been training for weeks at Verde Valle, Chivas’ training facility, which has allowed them to acclimate to the altitude. With the support of the Mexican crowd, they won their World Cup opening match against the Czech Republic at Guadalajara Stadium.

“It was like playing a game in Seoul,” Hwang said after the match, thanking Guadalajara for its support.

“[Mexico] is a good team, but, as you’ve just seen, we can take on anyone,” Hwang said after his team rallied from a 1-0 deficit to beat the Czech Republic.

The week, however, was not without controversy for the South Korean team, as the squad barred press from their home country after audio of media criticizing the mandatory military service exemption granted to Son was leaked. The audio also included criticism of coach Hong Myung-bo.

South Korea and Mexico faced off in September ahead of the World Cup, tying 2-2 in Nashville.

The World Cup stage, however, will be different and brings immense pressure.

Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.

Oil prices are continuing to drop, as hopes rise for a return to stability in global energy markets before the signing of a framework agreement on ending the United States-Israel war on Iran.

Futures for Brent crude due for delivery in August dipped nearly 1 percent on Wednesday, extending declines of about 5 percent on each of the previous two days.

The international benchmark stood at $78.24 a barrel as of 08:00 GMT, the lowest price since March 3, three days after the start of the war.

After rising more than 50 percent during the conflict, the price of crude on Wednesday afternoon in Asia was only about 7 percent higher than before the US and Israel launched attacks on Iran on February 28.

“The immediate prognosis, it seems, is optimistic and assumes no significant setbacks,” Tamas Varga, an analyst at PVM Oil Associates in London, said in a commentary.

“Over the last four trading sessions, Brent, for example, has fallen by $17 [per barrel], a discernible vote of confidence that the worst, at least as far as supply disruptions are concerned, is behind us,” Varga said.

Vandana Hari, the founder of the Singapore-based oil market analysis provider Vanda Insights, said that while the announcement of the US and Iran’s memorandum of understanding (MoU) has brought relief to markets, the “hardest part, on delivering the pledges and promises, is yet to come”.

“Crude’s slide is entirely sentiment-driven,” Hari told Al Jazeera.

“The market is front-running the prospective reopening of the Strait of Hormuz and likely pricing in the best-case scenario for the normalisation of flows, which means the potential hiccups from logistics to renewed geopolitical tensions are not being adequately factored in,” Hari said.

While many details of the MoU due to be signed on Friday remain unclear, Iran is expected to end its near-total closure of the Strait of Hormuz in exchange for the US lifting its blockade of Iranian ports, among other concessions.

The full reopening of the strait would be a crucial step towards restoring confidence in energy supply chains, after nearly four months of turmoil arising from the war.

Maritime traffic in the strait, which flows between Iran and Oman, has been reduced to a trickle due to the threat of Iranian missiles, drones and mines, reducing the global oil supply by an estimated 14 million barrels each day.

Even if the war does end, global energy flows are expected to take months to fully recover.

More than 500 vessels are estimated to be waiting to exit the Gulf through the strait, while the process of ensuring the channel is free of naval mines is likely to take weeks at a minimum.

Stephen Cotton, the general-secretary of the International Transport Workers’ Federation, said the signing ceremony scheduled to take place in Geneva, Switzerland, would be “at best the beginning” of a process of normalisation.

“The backlog of stranded vessels and the need for crew changes and rest mean a realistic return to normal shipping patterns is weeks, if not months, away,” Cotton said in a statement on Monday.

Benchmark S&P 500 rises 1.7 percent, while tech-heavy Nasdaq jumps 3.1 percent.

US stocks have rallied on hopes that the tentative deal to end the US-Israel war on Iran will restore stability to energy supply chains roiled by months of disruption in the Strait of Hormuz.

The S&P 500 rose 1.7 percent on Monday, taking the benchmark index within touching distance of its all-time high.

The tech-focused Nasdaq Composite jumped 3.1 percent, aided by a 19.6 percent gain by SpaceX, which on Friday made the biggest market debut in history and minted the world’s first trillionaire in Elon Musk.

The blue-chip Dow Jones Industrial Average climbed 0.9 percent, closing at a record high.

Brent crude futures, the primary benchmark for global oil prices, fell nearly 5 percent to just above $83 a barrel, the lowest price since the first week of the conflict.

Asian stock markets were largely flat on Monday morning, after surging the previous day on the back of US President Donald Trump’s announcement of his deal with Tehran.

As of 01:30 GMT, Japan’s benchmark Nikkei 225 was 0.01 percent lower, while South Korea’s Kospi, the best-performing major index this year, was down 0.06 percent.

In Taiwan, the TAIEX was up 0.2 percent.

Hong Kong’s Hang Seng Index was down 0.07 percent.

Jay Goldberg, a senior analyst for tech-related equities at the Chicago-based Seaport Research Partners, said the announcement of the US-Iran deal had tilted investors’ risk balancing act towards buying into the market.

“To oversimplify, the debate has been: AI spending is strong, but there’s a war going on,” Goldberg told Al Jazeera.

“The war is over, it seems, so that side of the argument falls away. Investors are now feeling better about taking on more risk,” Goldberg said.

While Washington and Tehran’s framework has raised hopes for a return to stability in global energy markets, it is expected to take months before energy flows fully return to normal, due to the massive backlog of vessels around the Strait of Hormuz and the need to ensure the waterway is safe from Iranian naval mines.

According to the International Shipping Chamber, about 500 ships are still waiting to pass through the strait, which normally carries about one-fifth of global supplies of oil and liquefied natural gas.

TONOPAH, Nev. — Some years ago, Harry Chahal and his wife were on a trip to Las Vegas when, like countless motorists before and since, they passed through this high desert speck of a town.

Tonopah, built by the mining industry around 1900 and depleted as the gold, silver, lead and mercury waned, is a remote way station about halfway between Reno and Las Vegas. Signs on either side warn — ominously, given the unforgiving expanse ahead — that once you’ve left, the nearest gas station is not for another 100 miles or so.

Harry Chahal opened hometown pizza in 2015 after driving through town and seeing there was no pizza place.

(Mark Z. Barabak / Los Angeles Times)

As he passed through town, Chahal noticed something missing: a pizza parlor.

Pizza is not generally associated with Punjab, India, where Chahal — given name Harvarinderjit — is originally from. But he learned how to make pizza, and how much customers loved gobbling it up, while working at different gas station mini-marts around rural Nevada.

In that absence, Chahal saw opportunity.

He and his wife, Ravinder, moved to Tonopah and in 2015 opened Hometown Pizza in a vacant building on U.S. Route 95, which runs through the heart of town. Ten years later, they bought the Dream Inn Motel, a 39-room operation just up the road.

Views of the 47th president, from the ground up

Lately, Chahal has been sprucing up the motor inn: new cabinets, new furniture, fresh paint every few months. The reason is President Trump.

Tonopah and the surrounding desert, stretching farther than the eye can reckon, is verging on a boom, owing to vast reserves of lithium, boron and other sought-after materials and a Trump administration promise to turn the U.S., in the words of Interior Secretary Doug Burgum, into “a mineral powerhouse once again.”

Chahal, 40, is a repeat Trump voter and even though he has issues with some of what the president has done — he’s not happy about the war with Iran and inflation has taken a decent-sized bite out of his pizza business — he feels his faith in Republicans in general and Trump in particular have paid off.

A registered nonpartisan, Chahal is fairly apolitical. “I vote for Republicans because they’re better for business,” he said as a lunch-time crowd of locals and folks passing through tucked into the $11.99 pizza-and-salad buffet. Here’s proof: In the last year, Chahal said, he’s seen motel occupancy increase significantly, from around 15 rooms rented each night to 25 or more.

Those fresh touches to the Dream Inn are Chahal’s investment in the future and a belief that, with Trump in office, even better times lie ahead.

Tonopah was built as a mining town around 1900. It’s fortunes have waxed and mostly waned.

(Mel Melcon / Los Angeles Times)

::

For much of its being, Tonopah relied on metal, minerals and other valuables scooped from the earth. Today, government is the largest employer.

But mining continues to hold fast to the town’s imagination.

A headframe — that’s the tower built directly over an underground mine shaft — is part of Tonopah’s logo. Mining-related sculptures, including statues of Jim and Belle Butler, who staked the first claim in the 20th century silver rush, dot the main thoroughfare. The high school’s athletes are called the “Muckers,” after those who shovel ore into underground rail cars.

The Tonopah Historic Mining Park is a big tourist attraction, along with the Clown Motel and other lodging establishments supposedly haunted by the ghosts of dead miners and other paranormal phenomena. (Chahal says there are no apparitions at the Dream Inn.)

The Clown Motel, which draws visitors from around the world, is said to be haunted by the ghosts of dead miners.

(Christopher Reynolds / Los Angeles Times)

Lately, however, mining is becoming more than just a part of nostalgic lore. It’s poised to again be a major boon to the local economy and the town’s 3,000 residents.

Plans are underway for a new lithium and boron mine at Rhyolite Ridge, approximately 30 miles southwest of Tonopah, in Nevada’s Silver Peak Range. (Lithium, most of which is now imported, is a vital ingredient in the batteries that store solar energy and power electric vehicles; boron is used, among other things, for bulletproof armor and vests.)

About 27 miles to the south of Tonopah, near the town of Goldfield, a new gold mine is set to open in 2028.

Joe Westerlund, Tonopah’s town manager, said fresh development and the prospect of hundreds of new, good-paying jobs are much welcomed. The median income here is about $37,000 annually, less than half the state average. The hospital in town closed in 2015. Venture off U.S. 95 and the rolling hills are flecked with weathered miner’s cottages and tumbledown homes no longer fit for habitation.

(A three-bedroom, two-bath home in a comfy subdivision on the north end of town can be had for around $250,000, but don’t hurry over to buy; inventory is low and could grow even leaner if demand for housing increases.)

The Tonopah Historic Mining Park is a big local tourist attraction.

(Mark Z. Barabak / Los Angeles Times)

While some of the groundwork for the mining resurgence was laid during the Biden administration, Trump is credited with fostering a much friendlier regulatory environment, which promises even more opportunities for extraction.

“As soon as he got into office, things started loosening up. We had 15 drill rigs,” said Westerlund, who has lived in Tonopah since 1972. “I had never seen that before in my life.”

There are, of course, environmental concerns — about pollution, water supply, native habitat — but those worries haven’t gained much of a toehold. Nye County, which is home to Tonopah, isn’t exactly tree-hugger country — and not just because most of the land is scrub-filled desert. Trump carried Nye County all three times he ran, with landslide support ranging from 68% to 70%.

“This is a pro-Trump town,” Westerlund said, “and I feel like his policies are doing good for the town.”

Chahal stands ready to cash in, knowing firsthand what economic good times feel like.

The Mizpah hotel, opened in 1908, offers the plushest accommodations in town.

(Chris Erskine / Los Angeles Times)

When he moved here in 2014, he and his wife were forced to stay in a motel for six months because workers finishing up a $1 billion solar energy project were taking up most of the living space. That’s the kind of extended-stay guest he’s after, not the tourists bedding at the Mizpah Hotel, the plushest resort in town, with its cut-glass chandeliers, Victorian furnishings and photo gallery of celebrities who’ve stayed the night.

“If I can rent 25 rooms a night, maybe 15 can be for the long term” of several weeks at a time, Chahal said. He’s done the math — $82 a night for a queen bed, single occupancy; $89 for a king — and likes how it pencils out.

::

Chahal came to the U.S. in 2006, after marrying Ravinder, who grew up in the Sacramento area. She had family in Punjab and was a regular visitor to India. The two met when they were 10 years old. Chahal became an American citizen in 2020.

Politically, Indian Americans lean heavily toward the Democratic Party. But in the tiny Nevada communities where the couple lived — Lovelock, Battle Mountain and Ely before Tonopah — there was little or no Indian American presence. So Chahal wasn’t acculturated into the party the way many others have been. Rather, he embraced the GOP gospel of lower taxes and less regulation.

Working seven days a week, Chahal has little time these days for politics, beyond voting. He isn’t particularly ideological or, for that matter, worshipful of Trump.

“Every coin has a head and a tail,” he said, flipping his wrist as though tossing a quarter in the air. He sees two sides to the president. “Maybe you’re angry for some things,” Chahal said. “Maybe you agree with some things.”

He supports the notion of tariffs as a way of bringing manufacturing jobs back to the U.S. He also laments that the pizza boxes he uses, which are made in China, once cost him 30 cents and now run almost 67 cents apiece.

He backs Trump’s promise to round up and deport violent criminals who are in the country illegally. But he’s also mindful of the important role immigrants play, especially in areas like farming and construction, in sustaining the U.S. economy.

Chahal criticized the heavy-handed enforcement that resulted in the killing of two protesters in Minnesota. But he blamed their deaths on overzealous ICE agents, not Trump.

Living in a town greatly shaped by outside forces — the fluctuation of commodity prices, the changing of presidential administrations, the shifting priorities emanating from Washington — Chahal is familiar with vicissitudes and the business cycles of boom and bust.

Not everything Trump has done has helped the mining industry.

His tariffs and inflation have greatly increased construction costs. Cuts to the federal workforce have slowed the oversight and approval processes. His hostility toward green energy has dampened the market for electric vehicles and made solar energy considerably less attractive.

But based on the talk around town, Chahal believes a more prosperous future is in the offing. He certainly hopes so, and he’s counting on the president to deliver.

If the Constitution allowed for a third term, Chahal said, he wouldn’t hesitate voting for Trump again.

Seoul stocks rose by more than 4 percent Friday, as investors snapped up tech heavyweights amid hopes the war between the United States and Iran could end soon.

The benchmark Korea Composite Stock Price Index (KOSPI) closed up 359.67 points, or 4.63 percent, at 8,123.62 after rising as high as 8,434.40.

After opening sharply higher on renewed hopes that the war between the U.S. and Iran is near its end, the index trimmed earlier gains on profit taking ahead of the closing bell.

Trade volume was heavy at 490.3 million shares worth 51.1 trillion won (US$33.6 billion). Winners outnumbered losers 753 to 144.

On Thursday (U.S. time), U.S. President Donald Trump said he has reached a “great settlement” that would resolve the monthslong conflict with Iran and the deal would be signed as early as over the weekend, possibly in Europe.

Media outlet Axios also reported that four U.S. Air Force C-17 planes departed for Europe on Thursday, moving equipment for possible travel by Vice President J.D. Vance, raising the possibility a signing ceremony could take place in Geneva, Switzerland.

“Market sentiment improved as foreign investors shifted to net buying after a 25-session selling streak, on anticipations for peace negotiations,” said Lee Kyoung-min, an analyst from Daishin Securities.

But the rise was limited, amid reports that global banks are curbing hedge funds’ leveraged bets on the country’s two semiconductor heavyweights: Samsung Electronics and SK hynix, Lee added.

Foreigners and institutional investors net purchased a combined 4.4 trillion won. Retail investors net sold 4.3 trillion won.

In Seoul, shares closed higher across the board.

Market top-cap Samsung Electronics rose 7.86 percent, to 322,500 won, while its chipmaking rival SK hynix moved up 2.33 percent to 2,150,000 won.

Semiconductor equipment maker Hanmi Semiconductor vaulted 24.05 percent to 361,000 won, after the company said in a regulatory filling it is seeking to invest in SpaceX, Elon Musk’s space company set to make its Nasdaq debut on Friday (local time).

Shipmakers also gathered ground as investors went bargain hunting. Hanwha Ocean added 7.85 percent to 112,700 won and HD Hyundai Heavy Industries increased 0.62 percent to 650,000 won.

Portal operator Naver jumped 10.27 percent, to 247,000 won, financial firm KB Financial climbed 6.4 percent to 161,200 won, and top car maker Hyundai Motor added 1.68 percent to 607,000 won.

The Korean won was quoted at 1,519.8 won against the U.S. dollar as of 3:30 p.m., up 9.1 won from the previous session’s close.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 9.6 basis points to 3.808 percent, and the return on the benchmark five-year government bonds declined 10.9 basis points to 3.971 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.

USC loses in heartbreaking fashion

From Alan Cole: USC’s 2026 baseball season will be defined by two words — progress and pain.

Just two outs away from reaching the College World Series for the first time since 2001, USC suffered a devastating 4-3 loss in game three of the Chapel Hill Super Regional, as North Carolina rallied for two runs in the bottom of the ninth and snatched the trip to Omaha away from the Trojans on Owen Hull’s walk-off RBI double into the left-center gap.

“I’m proud of our boys,” USC coach Andy Stankiewicz said. “I’m disappointed in the results, but I’m never disappointed in our guys. They did something pretty special this year.”

Andrew Johnson did everything possible and then some to get USC (48-18) across the finish line. After already throwing 3 ⅔ innings of shutout baseball to close Game 1, Johnson went a season-high 7 ⅔ innings with two earned runs surrendered to get the Trojans to the doorstep of victory. He glided through North Carolina’s lineup for most of the day, at one point retiring 15 out of 17 batters.

He ended the super regional with 133 pitches thrown in a little over 48 hours, on top of the 145 pitches he threw across two appearances in the College Station Regional for a total of 278 tosses in 22 ⅓ innings with five earned runs given up in a heroic postseason stretch.

“The goal from the beginning of the season is Omaha,” Johnson said. “We’re definitely not just happy that we made it to supers and moved past the regional, but for it was a great season and we can be proud of what we accomplished.”

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Big win for Nelly Korda

From Sam Farmer: Nelly Korda watched someone else lift the trophy at last year’s U.S. Women’s Open.

This time, it was Korda — the 2025 runner-up — who did the heavy lifting.

The world’s No. 1 women’s golfer won for the fourth time in 2026 on Sunday and checked off the biggest item on her to-do list.

“To be hoisting this trophy, to hold it high and at such an iconic venue, is just a dream come true,” said Korda, the first American to win back-to-back majors since Juli Inkster in 1999.

Korda claimed her first U.S. Open title, pulling ahead on the back nine at Riviera Country Club, which was playing host to the major championship for the first time.

It was anything but a wire-to-wire win for Korda, who struggled on the tee and limped through the opening round at two over par. But she shot a pair of 67s on Friday and Saturday, then closed out the victory Sunday with a 69 on a postcard afternoon.

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U.S. Women’s Open leaderboard

Angels rout the Dodgers

From Liana Handler: The Angels flipped the script on the Dodgers, preventing a Freeway Series season sweep with a 13-5 win Sunday afternoon at Dodger Stadium.

Emmet Sheehan’s start only lasted 1 ⅓ innings, as he struggled to keep his pitch count low. He threw 35 of his 49 pitches in the second inning alone. Many of those went to Nick Madrigal, who battled Sheehan in a 14-pitch at-bat in which Madrigal won two ABS challenges.

“I thought the stuff was good coming in,” said manager Dave Roberts about Sheehan. “After the first inning, I just didn’t feel comfortable getting him past the 40-pitch mark in one inning. I’m not going to put this guy in harm’s way.”

The Angels third baseman drew a walk, marking the beginning of the end for Sheehan, who already allowed a single. The 26-year-old pitcher loaded the bases with another walk. Angels catcher Sebastián Rivero drove in two runs with a center-field single.

“Frustrating,” Sheehan called his outing. “Couldn’t put guys away, not efficient.”

Continue reading here

Swanson: Dodgers show courage by permanently honoring LGBTQ+ pioneers Glenn Burke and Billy Bean

Dodgers-Angels box score

MLB standings

Caitlin Clark complains too much

From Bill Plaschke: As a diehard WNBA fan and season ticket-holder, it is with great reluctance that I have come to the following painful conclusion.

I’m sick of Caitlin Clark.

As the purchaser of an Iowa jersey and consumer of all things Indiana Fever — covered their games, witnessed them as a fan, caught them on television — it is with great angst that I make the following brutal admission.

I wish Caitlin Clark would just stop whining and play.

The logo-shooting, circus-passing, shape-shifting revelation who was once arguably the most famous basketball player in the world has become rude, entitled and, frankly, not all that fun.

In her third season in the WNBA, the once-shining superstar is acting like a spoiled brat. The league’s most popular player has become its biggest lout. Her stats are decent, but her attitude stinks.

I once openly cheered as Clark raced down the court, dribbled behind her back, skated past a helpless defender, and drained a three-pointer.

Now I cringe as she bricks the trey and immediately complains to the officials, spreading her arms, shaking her head, screaming in their face.

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Christian Pulisic carries U.S. World Cup hopes

From Kevin Baxter: Christian Pulisic looked exhausted as he stepped from a yellow cab on the edge of Manhattan’s financial district for a promotional event arranged by his shoe sponsor.

A day earlier, he had been booed off the field after going scoreless in his final 17 games with AC Milan. And as Pulisic’s private jet made its way from Italy to New York, the club’s coach, sporting director and two other top executives were sacked.

A day later Pulisic walked across a stage overlooking the East River to cheers during a sparsely attended rally in which the U.S. roster for this summer’s World Cup was announced.

The 24 hours between those two events — some of which were spent signing autographs for hundreds of school children as a dog in a red-and-white No. 10 Pulisic jersey looked on — would be the only respite from a hugely disappointing club season and the heavy expectations of the second World Cup played on U.S. soil.

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Iran’s soccer team arrives in Mexico for training ahead of World Cup matches in L.A.

World Cup poses an unprecedented security challenge at a fraught moment

Memo Ochoa is driven to play his best for Mexico win during his sixth World Cup

‘Enjoy the moment.’ Americans who played in 1994 World Cup on home soil offer advice

World Cup roundtable: Who will win, who will surprise and how far will U.S. advance?

Sparks get much-needed win

From Marisa Ingemi: The quarter mark of a season isn’t necessarily a make-or-break point, but for the Sparks, it was starting to feel like it was close to it.

An 89-72 win over the expansion Portland Fire on Sunday to close a 1-2 homestand felt more necessary than the Sparks might have wanted to admit. But after struggling on the road before losing consecutive games at home against Las Vegas and Dallas amid a three-game losing streak, the Sparks needed something to go right.

Especially defensively, where the Sparks had seemingly been getting worse. They had their best defensive game of the season Sunday, holding Portland to 36% shooting — the second-lowest mark against them this season.

Continue reading here

More fouls, less flow: Sparks struggling to adjust to WNBA crackdown on physical play

Sparks box score

WNBA standings

This day in sports history

1935 — Omaha, ridden by Willis Saunders, becomes the third horse to win the Triple Crown by capturing the Belmont Stakes with a 1½-length victory over Firethron.

1958 — Mickey Wright beats Fay Crocker by six strokes to win the LPGA Championship.

1980 — Sally Little wins the LPGA Championship by three strokes over Jane Blalock.

1982 — 36th NBA Championship: Lakers beat Philadelphia 76ers, 4 games to 2.

1985 — Creme Fraiche, ridden by Eddie Maple, becomes the first gelding to win the Belmont Stakes, beating Stephan’s Odyssey by a half-length.

1986 — Larry Bird scores 29 points to lead the Boston Celtics to a 114-97 victory over the Houston Rockets and their 16th NBA title.

1990 — The “Indomitable Lions” of Cameroon pull off one of the greatest upsets in soccer history, 1-0 over defending champion Argentina in the first game of the World Cup.

1991 — Warren Schutte, a UNLV sophomore from South Africa, shoots a 5-under 67 to become the first foreign-born player to win the NCAA Division I golf championship.

2000 — Mike Modano deflects Brett Hull’s shot at 6:21 of the third overtime, ending the longest scoreless overtime game in Stanley Cup finals history and helping the Dallas Stars beat the New Jersey Devils 1-0 in Game 5.

2002 — British-Canadian Lennox Lewis retains boxing’s WBC Heavyweight title with eighth-round knockout of American Mike Tyson.

2005 — Freshman Samantha Findlay hits a three-run homer in the 10th inning to lead Michigan to a 4-1 win over UCLA for its first NCAA softball title. Michigan is the first team from east of the Mississippi River to win the national championship.

2008 — Rafael Nadal wins his fourth consecutive French Open title in a rout, again spoiling Roger Federer’s bid to complete a career Grand Slam. Dominating the world’s No. 1 player with astounding ease, Nadal wins in three sets, 6-1, 6-3, 6-0.

2008 — Yani Tseng of Taiwan becomes the first rookie in 10 years to win a major, beating Maria Hjorth on the fourth hole of a playoff with a 5-foot birdie on the 18th hole to win the LPGA Championship.

2012 — I’ll Have Another’s bid for the first Triple Crown in 34 years ends shockingly in the barn and not on the racetrack when the colt is scratched the day before the Belmont Stakes and retires from racing with a swollen tendon.

2013 — Serena Williams wins her 16th Grand Slam title and her first French Open championship since 2002, beating Maria Sharapova 6-4, 6-4.

2014 — Rafael Nadal wins the French Open title for the ninth time, and the fifth time in a row, by beating Novak Djokovic 3-6, 7-5, 6-2, 6-4. Nadal improves his record at Roland Garros to 66-1.

2015 — The NCAA approves multiple rule changes to men’s basketball for the 2015-16 season, including a 30-second shot clock and fewer timeouts for each team. The shot clock was last reduced, from 45 to 35 seconds, in 1993-94.

2018 — Golden State romps to its second straight NBA championship, beating Cleveland 108-85 to finish a four-game sweep. Stephen Curry scores 37 points and Kevin Durant, who is named MVP for the second straight finals, has 20 for the Warriors. It’s the first sweep in the NBA Finals since 2007.

2019 — Ashleigh Barty, Australia, wins the French Open by defeating Marketa Vondrousoca. The win is Barty’s first Grand Slam singles title.

Compiled by the Associated Press

This day in baseball history

1914 — New York’s Iron Joe McGinnity posted his 14th straight win beating Pittsburgh 2-0. With the win moved the Giants into first place over Chicago.

1933 — Philadelphia’s Jimmie Foxx homered in his first three at bats all off Lefty Gomez as the A’s beat the New York Yankees 14-10. Foxx had homered his last time up the previous day to tie a major league record of hitting four consecutive home runs. Bobby Lowe did it in 1894.

1940 — Harry Craft of Cincinnati connected for a home run, a triple, a double and two singles in seven at-bats to lead a 27-hit attack as the Reds pounded the Dodgers 23-2 at Brooklyn.

1950 — The Boston Red Sox beat the St. Louis Browns 29-4 at Fenway Park and set major league records for runs scored; most long hits, 17 (nine doubles, one triple and seven homers); most total bases, 60; most extra bases on long hits, 32; most runs over two games, 49; most hits in two games, 51, including 28 this game. Bobby Doerr had three homers and 8 RBIs, Walt Dropo hit two homers and drove in seven runs and Ted Williams added two homers and five RBIs.

1968 — Howie Bedell’s sacrifice fly in the fifth inning ended Don Drysdale’s record streak of 58 2/3 consecutive scoreless innings. The Dodgers beat the Philadelphia Phillies 5-3.

1969 — The New York Yankees’ No. 7 was retired on Mickey Mantle Day. A crowd of 60,096 came to Yankee Stadium to honor Mantle and watched the Yankees sweep the Chicago White Sox 3-1 and 11-2.

1975 — Detroit’s Tom Veryzer doubled with two out in the ninth to end Oakland’s Ken Holtzman’s no-hitter. Outfielder Bill North misjudged Veryzer’s hit but was not charged with an error. Holtzman retired the last hitter for a 4-0 victory.

1986 — In the longest 9-inning game by time in AL history Baltimore’s Lee Lacy went 4-for-6 with three home runs and six RBIs as the Orioles beat the New York Yankees 18-9. The game took 4:16 to complete.

1996 — Warren Morris hit a two-run homer with two out in the bottom of the ninth inning to give Louisiana State a 9-8 victory over Miami in the championship game of the College World Series.

2001 — Damion Easley became the ninth Detroit player to hit for the cycle as the Tigers beat Milwaukee 9-4.

2010 — Stephen Strasburg exceeded expectations in his much-hyped major league debut, striking out 14 in seven innings to lead the Washington Nationals to a 5-2 win over the Pittsburgh Pirates. Last year’s No. 1 overall draft pick gave up four hits, two earned runs and didn’t walk a batter, piling up the most strikeouts in a debut since J.R. Richard fanned 15 for Houston in 1971.

2012 — Kevin Millwood and five Seattle relievers combined on a no-hitter, the third in franchise history, and the Mariners beat the Dodgers 1-0. Millwood was cruising through six innings, giving up just one walk. But while warming up for the seventh he felt a twinge in his groin and was pulled from the game. Five relievers combined to finish the no-hitter, capped by Tom Wilhelmsen retiring Andre Ethier on a routine grounder to end it.

2013 — In the longest major league game in more than three years, Adeiny Hechavarria hit an RBI single in the 20th inning and the Miami Marlins outlasted the New York Mets 2-1.

2020 — MLB owners present their counter-proposal to get the season started. They propose playing 76 games, with a postseason involving 16 teams, drop the proposed sliding scale for reducing salaries — although they still seek further cuts — and also propose dropping all forms of compensation for signing free agents. The ball is now back in the MLBPA’s court.

2021 — Pirates rookie 3B Ke’Bryan Hayes, swinging a red hot bat after coming back from a two-month stay on the injured list, makes a very embarrassing mistake when he has a home run taken away for missing first base. His apparent solo shot off Walker Buehler is nullified when the Dodgers successfully appeal that he did not touch the bag while rounding the bases.

Compiled by the Associated Press

Until next time…

That concludes today’s newsletter. If you have any feedback, ideas for improvement or things you’d like to see, email me at houston.mitchell@latimes.com. To get this newsletter in your inbox, click here.

CHAPEL HILL, N.C. — USC’s 2026 baseball season will be defined by two words — progress and pain.

Just two outs away from reaching the College World Series for the first time since 2001, USC suffered a devastating 4-3 loss in game three of the Chapel Hill Super Regional, as North Carolina rallied for two runs in the bottom of the ninth and snatched the trip to Omaha away from the Trojans on Owen Hull’s walk-off RBI double into the left-center gap.

“I’m proud of our boys,” USC coach Andy Stankiewicz said. “I’m disappointed in the results, but I’m never disappointed in our guys. They did something pretty special this year.”

Andrew Johnson did everything possible and then some to get USC (48-18) across the finish line. After already throwing 3 ⅔ innings of shutout baseball to close Game 1, Johnson went a season-high 7 ⅔ innings with two earned runs surrendered to get the Trojans to the doorstep of victory. He glided through North Carolina’s lineup for most of the day, at one point retiring 15 out of 17 batters.

North Carolina’s Cooper Nicholson celebrates during his team’s ninth-inning rally to beat USC in their super regional finale Sunday in Chapel Hill, N.C.

(Laura Wolff/For The Times)

He ended the super regional with 133 pitches thrown in a little over 48 hours, on top of the 145 pitches he threw across two appearances in the College Station Regional for a total of 278 tosses in 22 ⅓ innings with five earned runs given up in a heroic postseason stretch.

“The goal from the beginning of the season is Omaha,” Johnson said. “We’re definitely not just happy that we made it to supers and moved past the regional, but for it was a great season and we can be proud of what we accomplished.”

A first inning run off a Caden Glauber balk, plus Kevin Takeuchi and Andrew Lamb’s solo home runs accounted for all the offense on a day when the Tar Heels (50-12-1) had their own star pitcher going. Atlantic Coast Conference freshman of the year Caden Glauber held the Trojans at bay for most of the game, striking out a career high 11 batters in 7 ⅓ innings.

USC coach Andy Stankiewicz talks to his players after their season-ending loss to North Carolina.

(Laura Wolff / For The Times)

Glauber’s work was enough to hold his team in the game, but USC still had a 3-2 lead heading to the fateful bottom of the ninth. After closer Adam Troy retired the first batter, a long, loud foul ball seemed to spark North Carolina.

Third baseman Cooper Nicholson crushed a ball more than far enough for a home run, but just foul into the left field corner. But the near-miss seemed to rattle Troy, who walked Nicholson after getting ahead 0-2 in the count and fell behind 3-0 to nine-hole hitter Carter French.

Stankiewicz made a pitching change mid at-bat, going to Chase Herrell. French lined a 3-2 single through the right side, leadoff hitter Jake Schaffner tied the score on a sacrifice fly and Gavin Gallaher drew a walk, bringing Hull to the plate with the series’ winning run at second.

USC appeared to survive at least with extra innings when a Hull foul ball looked ticketed for the third out, but it dropped with three fielders in the area to give him an extra life. Hull pounded his fourth double of the game, prompting mass hysteria from the 3,913 Tar Heel fans and ultimate heartbreak in the other dugout.

Stankiewicz has built his program in stages, finally making the NCAA tournament last year and then going a step further this year.

But he also knows these opportunities are never guaranteed, and it will take a lot of work to return to the super regional stage.

“It’s a step,” he said. “Things take a moment. Sometimes we want things to happen overnight as humans I guess, but sometimes it takes a moment. We’ve been at this thing for awhile now, and we feel like we’re certainly building it and folks are taking notice. Now we just can’t go backwards. This thing’s got to continue moving forward.”

A positive season, but a nightmare ending sure to haunt the Trojans until they finally return to Omaha.

June 6 (UPI) — Pope Leo XIV landed in Madrid Saturday to begin his one-week papal visit to the country, the first in 15 years.

Leo was greeted at the airport by King Felipe VI and his wife Queen Letizia, then addressed them at the Royal Palace along with politicians and diplomats.

He acknowledged political polarization and called for an end to it in Spain and elsewhere in the West.

“I come among you to affirm, encourage and instill a renewed fidelity to the Gospel among believers, as well as a deeper reconciliation and collaboration among the various elements of this nation,” the first American pope said.

“In reality, the message of peace, which at present unfortunately strikes some as naive and others as confrontational, is welcomed by those who do not shut themselves off in preconceived ideologies, but are rather open to the truth,” Leo said.

Spanish Deputy Prime Minister Yolanda Díaz told the Washington Post that the left in Spain embraces the pope.

“The [left’s] alignment with Pope Francis was immediate: He defended Spain’s labor reform and the Episcopal Conference also supported it, something that would have seemed unthinkable 20 years ago,” she said. “With Leo XIV, that alignment deepens.”

The Spanish far-right are battling the Church, which they believed an ally. They are particularly upset over the church’s advocacy for migrants, The Washington Post reported. The left once saw the Church as complicit in the Franco dictatorship.

“The far right in Spain wants to copy the far right in the United States,” Bishop José Mazuelos Pérez, who heads a Canary Islands diocese providing shelter, food, blankets and medical care for arriving migrants, told The Post. “To go to war with the bishops over the issue of migration.”

On Monday, Leo will address the Spanish parliament, which is gridlocked. He’s expected to discuss that type of polarization, and his other visits around the country highlight differing segments of the Church.

He will have a prayer vigil with young people Saturday, then march Sunday in a traditional Spanish street procession.

On Thursday, Leo plans to visit the Canary Islands, a landing for Latin American migrants and for those arriving by sea from the African coast. He is planning to visit Lampedusa on July 4, an Italian island where migrants from Africa and beyond land.

On his flight to Spain, Leo acknowledged that he would be competing popular with Puerto Rican singer Bad Bunny, who played the Super Bowl halftime show this year, for Spanish attention. Bad Bunny is scheduled to perform in Madrid Saturday night.

Leo said that more young people are turning to the Church, looking for something more.

“If they are confronted with the question: do they want to see Bad Bunny or do they want to see the pope, I think many will see Bad Bunny,” Leo said. “But I think there will also be a few here to see the pope. And that says something.”

On Sunday, the pope will celebrate mass on the feast of Corpus Christi in the Plaza de Cibeles. There will be a Corpus Christi procession, the Vatican said. He will also meet privately with members of the Order of St. Augustine to which he belongs.

Later, he will go to a gathering of representatives of culture, arts, business and sports at Madrid’s Movistar Arena.

The Vatican spokesperson Matteo Bruni said, “Leo XIV’s trip to Spain is a sign that, despite the secularization of society, the pope still has something to say in many areas, in Spain and in Europe, where he can play a constructive role in public debate,” Euro News reported.

SARATOGA SPRINGS, N.Y. — The Belmont Stakes is less than 34 hours away, and Cherie DeVaux is feeling stressed.

Not about the race. DeVaux has done what she can do to prepare her 3-year-old colt, Golden Tempo, for Saturday’s third leg of the Triple Crown. Questions about post position, track bias, even the increasing threat of potentially severe thunderstorms before the evening post time (4:04 PDT, Fox) are brushed aside because, as she said, those are all out of a trainer’s control.

No, it’s her makeup bag.

She forgot to bring it with her to Saratoga Race Course and she has a Fox Sports TV interview scheduled right after she finishes speaking with a reporter inside her small office adjacent to Barn 83.

“I have to be on national TV, and I have not a stitch of makeup on right now, all the while having to try to make sure I enter my horses and not forget and mess that up too badly,” DeVaux said, smiling. “So it’s been a lot.”

But DeVaux is not complaining, because it’s been a lot since 7:10 p.m. EDT on May 2, the exact time Golden Tempo crossed the finish line first in the Kentucky Derby. And those 35 days have been filled with many great experiences.

Golden Tempo’s trainer Cherie DeVaux kisses a trophy after winning the Kentucky Derby.

(Michael Reaves / Getty Images)

The coolest?

“We won the Derby,” she said. “I don’t know if there’s anything cooler than that.

“There have been a lot of really neat opportunities,” she added. “A lot of different people have reached out. But you know, just the whole experience itself.”

Winning the Derby changes anyone’s life, but it’s magnified when you make history, as DeVaux did by becoming the first female trainer to win the world’s most famous horse race. It began a whirlwind that included more than 65 TV interviews and dozens upon dozens of text messages and phone calls.

And, truthfully, there was one experience that, for a college softball player and lifelong New York Yankees fan, exceeded the others.

“I did get to throw the first pitch out at a Yankees game, which I thought was amazing,” DeVaux said. “To stand on the field and look at the cheap seats [where I sat] when I was a kid. … And I’ve had much better seats in recent times, but to really sit there and have that dichotomy of that was where you started and this is where you are, was really a profound feeling.”

Kentucky Derby winning trainer Cherie DeVaux and jockey Jose Ortiz throw out the first pitch at Yankee Stadium on May 7.

(Ishika Samant / Getty Images)

Technically she’s back home for the Belmont, which is being run at Saratoga for the third and final year while Belmont Park is rebuilt. But she has few memories of Saratoga as a child; the family moved to Florida when she was 9 and she lived there until she was 19. Much of her family, including her parents and several siblings, live in the area, though, and DeVaux, who spends most of the year in Kentucky, said she’s been able to enjoy some time with them this week.

The big question is whether her large cheering section will be able to celebrate another victory. Handicappers are more than a bit pessimistic. Saturday’s Daily Racing Form has 1-2-3-4 selections by 19 experts, and not one selected Golden Tempo. Just two picked him second and five had him third. The consensus was he would not finish in the top four.

His chances in Kentucky were aided by a fast pace that tired out the front-runners, and on paper the Belmont figures to be run at a more moderate pace, which doesn’t always help a late-running horse. But he is a colt who relishes the distance and he has improved his Beyer Speed Figure with every start.

DeVaux is excited for the race, obviously, but she’s also eager for this “season” to end. She knows life will never be the same as it was before May 2, but she’d like to slow down a bit, in part, so she can enjoy the feeling of winning the Derby.

“I couldn’t prepare myself,” said DeVaux, who had never had a Derby starter. “I didn’t really think about winning the race. I thought Golden Tempo was going to run really well. I thought he would hit the board, … but I never allowed myself to think that he would win and what that would look like.

“And I’m one of those people I want to think about, you know, we win the race, what does that look like? But I was just so excited to be at the Derby and I wanted to just really be present, that it really didn’t cross my mind what would happen if we won the race.”

Golden Tempo’s trainer Cherie DeVaux holds her nephew while speaking to reporters after winning the Kentucky Derby on May 2.

(Andy Lyons / Getty Images)

Others weren’t prepared, either. DeVaux was carrying one of her nephews on her hip immediately after the Derby, and some people watching on TV immediately praised her for being a working mom. One problem: She doesn’t have children of her own (her husband has full custody of a teenage girl).

“Can I just not be a really good horse trainer that did something really profound and amazing in a short amount of time after I had to work my rear end off for it?” DeVaux said. “Like, why can’t that just be the story?”

Etc.

The Belmont is the 13th race on a 14-race card that begins at 8 a.m. PDT. The first seven races will be on FS2 before coverage shifts to Fox at noon (the Belmont show starts at 1). A separate handicapping-oriented show will air from 1-4:30 p.m. on FS1.

There are five Grade 1 races scheduled, including Bob Baffert’s Nysos against Michael McCarthy’s Journalism in the Met Mile (2:32 p.m.) and Baffert’s Crude Velocity against DeVaux’s Englishman in the Woody Stephens (1:52 p.m.). The Belmont is slated to start at about 4:10 p.m.

Tests of Ukraine’s new FP-7.X missile could pave the way to a cheaper and more plentiful, albeit far less capable, alternative to the U.S.-made Patriot air defense system effectors. A recent uptick in Russian missile and drone attacks against Ukraine, combined with a critical shortage of Patriot interceptors, underscores the need for more robust air defenses, especially with anti-ballistic missile capabilities. The development parallels a similar program in the United States, which seeks a drastically lower-cost interceptor for the Patriot system.

A video showing a test launch of an FP-7.X missile was published yesterday by its manufacturer, Fire Point, also responsible for the FP-5 Flamingo cruise missile and a series of long-range one-way attack drones. Fire Point’s chief technology officer Iryna Terekh described the depicted test as a “fully controlled maneuvering flight” conducted “just the other day.” The pink-painted missile recalls the early Flamingoes, and now seems to have been adopted as something of a company trademark.

The FP-7.X missile is planned as the stepping-stone toward the productionized Freyja missile, which is primarily intended to provide Ukraine with its first homegrown anti-ballistic missile defense system. While ballistic missile threats are being prioritized here, the system would be equally able to defend against a variety of crewed aircraft threats, as well as drones and cruise missiles.

“No matter how unrealistic and ambitious this goal may sound today, we are exerting all possible and impossible efforts to make it a reality as soon as possible, so that Ukraine can close its skies on its own,” Terekh wrote.

Back in April, Fire Point’s co-founder and chief designer Denys Shtilierman told Reuters that the company was aiming to develop an anti-ballistic missile with a unit cost of less than $1 million.

“If we can decrease it to less than $1 million, it will be … a game changer in air defense solutions,” Shtilierman said. “We plan to intercept the first ballistic missile at the end of 2027,” he added, apparently referring to the aim to field the Freyja system by that date.

This compares to a unit price of approximately $5.3 million for each example of the most modern and highly capable PAC-3 MSE variant, which is one of the types provided to Ukraine. This figure comes from the Army’s latest proposed budget for the 2027 Fiscal Year. This is up from a historical average of around $4 million for each one of these missiles. These munitions also take years of lead time to produce, meaning that managing limited stocks is a big challenge.

Fire Point has developed the FP-7.X missile on the basis of the previous FP-7 surface-to-surface ballistic missile, a weapon with a range of around 124 miles, and a warhead of approximately 331 pounds. Deriving an anti-ballistic missile from a ballistic missile is an unusual move, but Fire Point will hope that the commonality should accelerate the process.

As it stands, Ukraine’s anti-ballistic missile capabilities are strictly limited. It relies heavily upon the Patriot, batteries and components of which have been provided by Germany, the Netherlands, and the United States.

When the Patriot began to arrive in 2023, it provided Ukraine with an enhanced long-range, high-altitude engagement capability that was previously only offered, to a lesser degree, by Ukraine’s S-300s, with their depleting stocks of missiles. Importantly, the Patriot also brought an anti-ballistic missile capability, something that was previously only provided by the small number of Ukrainian S-300V1 systems, and even those don’t come anywhere close to the Patriot in this regard.

And another S-300V engagement, released as part of the same video.

From what I have seen, these are the third and fourth Ukrainian S-300V engagement videos released since the start of the war. pic.twitter.com/wPHnYbCQKP

— OSINTtechnical (@Osinttechnical) February 9, 2025

Providing somewhat similar capabilities to the Patriot is the SAMP/T, a joint Franco-Italian SAM system, which has also been supplied to Ukraine, but only in limited numbers. Overall, the SAMP/T is limited simply by the fact that it is produced in relatively small numbers.

As for the Patriot, this has claimed notable successes and high-profile victims in Ukrainian hands. However, as Russia has adapted its ballistic missiles, specifically adding enhanced maneuvering capabilities, the effectiveness of the U.S.-made system has been reduced.

According to Shtilierman, the Patriot system often requires two or three air defence missiles, each costing several million ​dollars, to bring down a ballistic projectile. This is a mismatch that Fire Point also hopes to address with the Freyja.

It is notable that the U.S. Army is currently also pressing defense contractors to come up with proposals for a new interceptor for the Patriot system with a unit cost under $1 million, as you can read more about here. Whether by design or coincidence, U.S. Army Maj. Gen. Frank Lozano, the Army’s Portfolio Acquisition Executive for Fires (PAE Fires), included a rendering of the FP-7.X in a recent LinkedIn post, as seen below, to illustrate a notional low-cost interceptor.

hahah look at that! Good find!

— Tyler Rogoway (@Aviation_Intel) May 18, 2026

The latest development comes as Ukraine’s political and military leaders continue to warn about critical shortcomings in the country’s air defense capabilities. As well as expending the missiles it already has, the United States has reportedly suspended further Patriot deliveries to Ukraine because of concerns over the state of its own stockpile.

Ukrainian President Volodymyr Zelensky has repeatedly urged U.S. President Donald Trump and members of Congress to provide additional missiles for its Patriot systems, warning that Ukraine faces a severe air defense shortfall.

We were receiving PAC-3 missiles from our partners in certain quantities, but later that monthly volume was cut several times over. It wasn’t due to a lack of funding, but because of the war in the Middle East. This affected different types of weapons. Whatever we could, we… pic.twitter.com/qwPFydwAzC

— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) June 3, 2026

Yesterday, Zelensky said that Ukrainian officials have one week to finalize outstanding legal, financial, and technical issues related to the purchase of additional Patriot systems.

Zelensky said that a political agreement to buy the systems has already been reached, but the process has stalled.

Ukraine’s ambassador to the United States, Olha Stefanishyna, added that Kyiv is prepared to finance additional Patriot systems and interceptor missiles if Washington agrees to deliver them.

Commander-in-Chief of the Armed Forces of Ukraine Oleksandr Syrsky also recently pointed to Ukraine’s lack of sufficient modern air defense systems and interceptor missiles.

Clearly, continued Russian missile and drone strikes are putting a heavy strain on Ukraine’s air defenses.

Plugging the gaps with the Freyja system would make a lot of sense, providing a locally developed and manufactured solution to the problem, provided that the technical hurdles can be overcome.

Even so, the deadline of the end of 2027 is very ambitious for such a project.

With that in mind, Ukraine is also looking to foreign support for the Freyja program.

Earlier this year, Fire Point confirmed it was in talks to get European and Middle Eastern companies onboard the program. With various nations struggling to meet their air defense needs amid the demands of the conflicts in Ukraine and the Middle East, investing here could also bring dividends.

Shtilierman told Reuters in April that he was awaiting government approval for an investment in Fire Point by a Middle Eastern conglomerate, which would provide a major boost to Freyja and other programs, including longer-reaching ballistic missiles.

In terms of European companies, Shtilierman mentioned his interest in collaborating on radar, missile target-seeking, and communications systems. He named Hensoldt, Saab, and Thales as potential suppliers of radar solutions, an area where Fire Point lacks expertise.

Fire Point has also previously described the Freyja interceptor being fitted with an infrared imaging seeker for the terminal phase, as well as a semi-active radar homing seeker from Diehl Defence of Germany.

Few details are available about the launch system, other than reports of a lightweight, mobile launcher of domestic origin.

Globally, there is a clear demand for alternatives to the increasingly hard-to-source Patriot, especially for anti-ballistic missile defense.

A video shows a PAC-2 in a test against a Lance ballistic missile:

MIM-104C Patriot PAC-2 vs. Lance TBM

Ukraine’s combination of battlefield experience, rapid innovation, and low-cost defense technologies could put it in a good position to fill the gap. Even if the Freyja ends up with a significantly lower kill rate per missile than the Patriot, if it is far cheaper, that would be less of a problem.

At the same time, it remains unclear if Fire Point is able to fulfil the promises it has made in terms of output. In the past, the company has said it aims to build at least seven of its Flamingo cruise missiles per day, for a total of 2,555 built annually. To reach this target, the firm might need to call upon foreign partnerships to help expand its production capacity. The same would likely be the case for Freyja. By way of comparison, in 2024, Lockheed Martin produced more than 500 PAC-3 MSEs, with a plan to increase this to 600 in 2025.

A video of the Flamingo cruise missile in action:

Випробувальний пуск ракети “Фламінго”

One unknown factor in this is the possibility that Ukraine and/or NATO allies in Europe might obtain additional licenses for local production of Patriot missiles. Zelensky wants Patriot production in Ukraine and has said he has been discussing it with the United States. Still, while these might address the production capacity issues for the weapons, it would still be a more expensive solution than what Fire Point is proposing and it would take years to realize any output.

For now, the FP-7.X appears to be an early-stage technology demonstrator, and turning it into the operational Freyja interceptor by 2027 will require overcoming massive technical and logistical hurdles — as well as holding off Russian air attacks in the meantime.

However, the program reflects a broader trend in Ukraine’s wartime defense sector: rapidly developing indigenous capabilities to fill critical gaps left by limited and/or unreliable foreign supplies. If Fire Point can translate its ambitions into a viable anti-ballistic missile system, Ukraine could gain not only a more sustainable means of defending its skies, but also a potentially attractive export alternative in a global market increasingly hungry for affordable air defense solutions.

Contact the author: thomas@thewarzone.com

Berrettini’s only previous retirement from a Grand Slam match was at the 2023 US Open.

He also made an early exit from the 2021 ATP Tour Finals because of an abdominal injury, while last season he had to pull out midway through matches in Madrid and Rome in the run-up to the French Open.

But the former world number six, who had missed the previous four French Opens because of injury problems, is determined to take the positives from reaching a seventh Grand Slam quarter-final in his first outing at Roland Garros since 2021.

Now ranked 105th, he added: “I have to take the good stuff that I did in this tournament, because a few weeks ago or a few days ago, it would have been crazy to think about me in the quarter-finals, and so I’ll try to go back home with a smile on my face.

“It’s going to be tough but that’s how I like to approach these two weeks, and of course I’m disappointed, I’m sad, but I’m also proud of the way I fought through this tournament.”

Speaking on court after his win, Arnaldi said: “You never wish for someone to end the tournament like this.

“He did an amazing tournament. I am sorry for him and I hope he recovers because soon it is the grass and he is going to be very tough to play.”

Arnaldi, ranked 104th in the world, is the lowest-ranked male player to reach a French Open singles semi-final since Filip Dewulf did so in 1997 when ranked 122nd.

He will play another Italian, 10th seed Flavio Cobolli, on Friday for a place in Sunday’s final.

Markets betting a deal will reopen the Strait of Hormuz and soothe the deep global economic uncertainty cast by the closure of the vital oil & gas route.

The United States stock market has been hovering near record highs and oil prices have plunged amid new hope that a ceasefire deal between the US and Iran is close.

The rally came on Wednesday as negotiations continued between Washington and Tehran, with markets betting that a deal would reopen the vital Strait of Hormuz, easing oil and gas supply concerns and soothing the deep uncertainty afflicting the global economy.

Oil prices declined sharply after Iran’s state broadcaster said it had obtained a preliminary document outlining a framework for a potential deal.

The price of US crude fell 5.5 percent to settle at $88.68, while Brent crude, the international oil benchmark, decreased to $92 after prices traded above $100 last week.

The report suggested that Iran would allow traffic through the strait at pre-war levels within 30 days. It added that the US would lift its naval blockade on Iranian ports.

Prices remained subdued even after the White House dismissed the report as a “complete fabrication”.

The S&P 500 rose 0.1 percent and added to its all-time high set the day before. The Dow Jones Industrial Average was up 243 points, or 0.5 percent, with an hour remaining in trading, and the Nasdaq composite was 0.1 percent higher.

Wednesday is far from the first time markets have rallied amid reports of a possible end to the war, only to slump once more as negotiations fail to deliver a resolution.

However, the strength of the current surge reflects statements over the past week that suggest the two parties may be closer than ever to reaching a deal.

President Donald Trump said during a cabinet meeting on Wednesday that US officials were not yet satisfied with the agreement, “but we will be”.

“I think they’re starting to give us the things that they have to give us,” he said. “And if they do, that’s great, and if they won’t, then the man on my left will have to finish them off,” he said, pointing at Defense Secretary Pete Hegseth.

Sticking points

It remains unclear whether the two parties have come to an understanding on the major sticking points, including the fate of about 440 kilogrammes (970lbs) of highly enriched uranium; Iran’s nuclear infrastructure, which the US has long insisted it wants to see dismantled in its entirety; Tehran’s ballistic missiles and its support for armed groups in the region.

It is also not clear whether a halt in hostilities in Lebanon would be part of a deal. Iranian officials have repeatedly said that any agreement would have to include that. However, Prime Minister Benjamin Netanyahu this week ordered the Israeli military to step up its attacks against Hezbollah.

There are also questions on whether Washington would agree to lift its sanctions against Iran and release millions in frozen assets.

European shares edged lower on Tuesday as hopes for an imminent de-escalation in the Middle East conflict faded following fresh U.S. strikes on Iran, triggering renewed geopolitical uncertainty across global financial markets.

The pan-European STOXX Europe 600 Index slipped 0.2% to 630.33 points by 0833 GMT, retreating from gains that had recently pushed it close to record levels.

On Monday, the index had closed at its highest level since late February, briefly coming within 1% of an all-time high on optimism that diplomatic progress could soon ease tensions in the region.

That momentum quickly reversed after renewed military action and comments from U.S. Secretary of State Marco Rubio, who said negotiations with Iran could take “a few days,” tempering expectations of a near-term resolution.

Oil Prices Jump as Hormuz Risks Return to Focus

Global energy markets reacted sharply to the escalation, with Brent crude rising more than 3%, reigniting inflation concerns across energy-importing economies, particularly in the euro zone.

The market remains highly sensitive to risks surrounding the Strait of Hormuz, a critical global shipping route through which a significant share of the world’s oil flows.

Analysts warned that any sustained disruption in the region could deepen inflationary pressures just as central banks weigh their next policy moves.

Airlines and Autos Under Pressure

Travel and transport-related stocks were among the biggest losers in Tuesday’s session.

Airlines including Lufthansa and Ryanair fell 1.4% and 0.7% respectively, reflecting investor concerns that higher fuel costs could squeeze margins.

Luxury and automotive stocks also came under pressure after Ferrari dropped sharply following the unveiling of its first fully electric vehicle.

The decline was compounded by a broader sell-off in the European autos sector, which fell 1.6% as investors reassessed competition risks from Chinese EV manufacturers and weakening global demand trends.

Market Sentiment Balances War Risk and Policy Signals

Despite renewed volatility, some investors noted that markets remain partially supported by expectations that diplomacy could still stabilize the situation.

One portfolio manager at Franklin Templeton said markets were reacting cautiously because investors believe a potential agreement could still restore stability in the Strait of Hormuz and normalize energy flows.

However, uncertainty around timing and scope continues to limit upside momentum in equities.

Inflation and Central Bank Policy Back in Focus

Attention is now shifting toward upcoming inflation data across major euro zone economies and the United States, which will help shape expectations for future monetary policy.

European Central Bank policymaker Yiannis Stournaras signaled that any persistent inflation overshoot would require a cautious shift toward tighter policy.

Market pricing currently suggests at least two further 25-basis-point interest rate moves before year-end, according to LSEG data.

Corporate Movers: Winners and Losers

While broader markets weakened, some stocks moved against the trend.

Kingfisher rose 2% after maintaining its full-year profit guidance, easing concerns about demand softness in the home improvement sector.

However, the overall tone remained risk-off as investors continued to weigh geopolitical escalation against macroeconomic uncertainty.

Analysis

The latest pullback in European equities reflects a familiar pattern: markets oscillating between hopes of geopolitical de-escalation and fears of renewed conflict risk in the Middle East.

The key transmission channel remains energy. With Europe heavily dependent on imported oil and gas, any disruption involving Iran or the Strait of Hormuz immediately feeds into inflation expectations, bond yields, and corporate earnings outlooks.

At the same time, equity markets had recently been pricing in a relatively optimistic scenario in which diplomatic talks would gradually stabilize the region. That positioning left stocks vulnerable to abrupt reversals when military developments resurfaced.

Sectoral divergence also highlights how uneven the impact of geopolitical shocks can be. Energy-sensitive sectors such as airlines and autos are under pressure, while defensive or domestically oriented companies remain relatively insulated.

The broader question for markets is whether this marks a temporary setback in diplomatic momentum or a deeper breakdown in expectations for a negotiated settlement. If tensions persist, volatility in oil markets is likely to remain the dominant driver of global equity sentiment in the near term.

With information from Reuters.

Broadcasting rights for FIFA World Cup 2026 in India have been at a deadlock only weeks ahead of June 11 kickoff.

India’s Zee Entertainment is in talks with FIFA to stream and broadcast the 2026 World Cup in the country, the ⁠company said in a statement.

The announcement on Tuesday, which provided no financial details, comes ⁠as talks between a Reliance-Disney joint venture and the football body are at a deadlock, just weeks before the tournament kicks off on June 11.

FIFA, which had initially sought $100m for broadcast rights for the 2026 and 2030 World Cups in India, was last looking for no less than about $60m, the news agency Reuters had reported.

The expected amount still far exceeds the $20m offered by Reliance-Disney, led by ⁠billionaire Mukesh Ambani’s Reliance.

Sony also held talks but decided not to make an offer for FIFA rights for India.

⁠FIFA has concluded agreements with broadcasters in more than 180 territories ⁠globally, it said previously.

Zee ⁠Entertainment disclosed its talks with FIFA as part of its launch of Unite8 Sports, a dedicated portfolio of sports channels ‌to strengthen its sports offerings to consumers.

India accounted for 2.9 percent of the global linear TV ‌reach ‌of the Qatar World Cup in 2022, trailing only China in overall engagement figures, with more than 745 million fans following the action across all media platforms in the country, according to figures released by FIFA.

In television viewing numbers, India was among the top 10 countries – ahead of World Cup participants Germany, France and England – with nearly 84 million viewers.