Crude prices climbed in early Asian trading on Monday after Israeli troops pushed further into Lebanon over the weekend, fuelling investor fears that the broader Middle East conflict could escalate rather than move towards a peace deal.
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At the time of writing, West Texas Intermediate (WTI) crude was up 2.88% at $89.88 per barrel, while Brent crude rose 2.43% to $93.33 per barrel.
The Israeli advance has taken place despite a nominal ceasefire in place since 17 April and just days before the next round of direct talks between Lebanon and Israel, scheduled at the State Department on 2 and 3 June.
Asia-Pacific markets mixed
In other early trade dealings on Monday morning, Asia-Pacific markets were mixed with South Korea’s Kospi climbing 1.31%, while Japan’s Nikkei 225 edged up 0.17%. The broader Topix index, however, slipped 0.3%.
Australia’s S&P/ASX 200 fell 0.21%, while Hong Kong’s Hang Seng Index gained 0.73%. Mainland China’s CSI 300 dipped 0.32%.
Tokyo-listed shares in SoftBank Group, meanwhile, surged 5% after the Japanese conglomerate unveiled plans to invest €45 billion over the next five years to develop artificial intelligence infrastructure in France.
Wall Street pushes into record books
In the US, stock futures were flat after Wall Street pushed further into the record books on Friday. The major indexes extended the market’s recent winning streak and closed out a solid month of gains.
The S&P 500 rose 0.2%, notching its seventh consecutive gain and ninth straight winning week — the longest such streak since 2023. The benchmark index set an all-time high for the fourth day in a row.
The Dow Jones Industrial Average gained 0.7% and the Nasdaq composite added 0.2%. The Dow and Nasdaq also reached new heights after posting record highs earlier last week.
Big technology stocks have been behind much of the market’s record-breaking streak. Their pricey stock values give them more influence in directing the market higher or lower. In May alone, technology stocks within the S&P 500 rose more than 15%, while most of the sectors in the benchmark index actually lost ground.
“The rally has been largely tech-led and supported by resilient earnings, but the key question is whether it can be sustained,” wrote Angelo Kourkafas, senior global strategist at Edward Jones, in a research note.
Tech stocks also powered the market higher Friday. Microsoft rose 5.4% and Broadcom gained 4.7%.
David Ellison’s media company appears to be girding for a big battle with California Atty. Gen. Rob Bonta and fellow state attorneys general who may team up to file a lawsuit aiming to block Paramount’s proposed $111-billion takeover of Warner Bros. Discovery.
Last week, Paramount hired powerhouse antitrust attorney Jeffrey Kessler to help defend its proposed takeover of Warner, which owns CNN, TBS, HBO and the prestigious Burbank film and television studios.
Now Kessler may be on the opposite side, potentially going after the government to help Paramount build a behemoth that would include CNN and CBS News, two historic film studios and four streaming services.
The states have not indicated whether they plan to go to court to block Paramount’s takeover of Warner, but Bonta has said Ellison’s proposed consolidation, which is widely expected to lead to layoffs, is problematic.
Paramount declined Tuesday to discuss Kessler’s remit. Kessler was not immediately available for comment.
Hiring an attorney who is more commonly aligned against big companies prompted at least one observer to postulate that Paramount could be angling to remove a big name from the legal chessboard to prevent him from joining the other side, in the vein of TV mob boss Tony Soprano.
During the HBO show’s fifth season, Soprano spent months consulting with top divorce attorneys, creating a potential conflict of interest that prevented those lawyers from representing his wife Carmela in the dispute.
Attorney Jeffrey Kessler arrives at federal court in Oakland in a file photo.
(Noah Berger/Associated Press)
Kessler also knows the ins and outs of a courtroom as well as antitrust settlements, which could benefit Paramount as it seeks to avoid a bruising court challenge.
More than 5,000 artists and other entertainment industry workers already have signed an open letter that urges Bonta to take action to upend the Paramount and Warner Bros. deal.
Ellison and his team have vowed to make $6 billion in cuts following the merger. The combined company would have to contend with $79 billion in deal debt.
Trump favors Paramount’s takeover of CNN and other Warner properties.
Paramount Chief Legal Officer Makan Delrahim has made several savvy tactical moves since joining Ellison’s Melrose Avenue firm last fall.
Delrahim, who was Trump’s antitrust chief during his first term, filed paperwork to win the U.S. Justice Department’s blessing in December — soon after Netflix had clinched the bidding war for Warner Bros.
Netflix ultimately bowed out of the auction in late February. And Delrahim’s move gave Ellison’s Paramount a head start in the regulatory approval process.
The company is waiting for confirmation that the Justice Department will consent to its Warner Bros. purchase. It is separately responding to issues raised by regulators in Europe.
It’s not clear when Bonta or his fellow attorneys general might decide whether to bring a case against Paramount, although the deadline is approaching because Ellison wants to get his deal wrapped up by September.
Attorneys general also could opt for negotiating a settlement agreement with Paramount, which might be willing to bend to concessions to get the deal approved.
Bonta is leading a challenge against another big merger — TV station owner Nexstar Media Group’s $6.2-billion purchase of rival company Tegna Inc. Nexstar owns KTLA-TV Channel 5 in Los Angeles and more than 100 other stations.
Nexstar initially argued that Bonta’s action came too late — after Nexstar had gained its federal approvals for the deal. Nexstar also was in the process of consolidating Tegna’s operations and top Tegna executives had cashed out.
The move backfired on Nexstar as a federal judge in Northern California issued a preliminary injunction, ordering Nexstar to halt the Tegna consolidation.
U.S. District Judge Troy Nunley ruled Tegna must be managed as a separate company pending the outcome of a trial.
On Tuesday, Tegna announced that it hired a former Fox TV station executive, Patrick Paolini, as its chief executive. Beginning next week, Paolini will be responsible for “Tegna’s daily operations, revenue-generating business strategies, local journalism and production, and growth initiatives,” according to a corporate statement.
Paolini will report to Tegna’s board — not Nexstar.
Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy.
President Donald Trump on Monday alluded to the U.S. sending troops into Iran to retrieve its highly enriched uranium (HEU). His comments follow similar words on the same topic from Israeli Prime Minister Benjamin Netanyahu made to 60 Minutes on Sunday. Taken in aggregate, the statements suggest that there is coordinated messaging on the issue between Washington and Jerusalem and, after stalled talks with Iran, the possibility of such an operation may have been elevated.
As we stated shortly after the war kicked off, a mission into Iran to rid the country of its highly enriched nuclear material, once and for all, would be extremely risky and very complex. You can read more about these realities here. The main issue is that, by the Trump administration’s own stated objectives, the current conflict doesn’t really end until the enriched uranium, most of which is likely buried in the rubble of the underground Isfahan nuclear complex, is removed from the country. Estimates state that this stockpile, stored in scuba tank-like cylinders, is likely enough material to construct around a dozen nuclear warheads, that is if a program to fully weaponize it and construct and validate a device were to move forward.
Speaking to reporters on Monday, Trump said Iran initially offered to accompany the U.S. into its facilities storing HEU that were severely damaged during last year’s Operation Midnight Hammer attacks.
However, Tehran changed its stance, Trump claimed.
“They said ‘you’re going to have to take it,’” the American president said of Iran’s initial response to the issue of recovering the uranium.
“We were going to go with them, but they changed their mind because they didn’t put it in the paper,” the president added, referring to a peace plan delivered by Iran over the weekend. “So they agree with us, and then they take it back…But I have a great plan, but the plan is they cannot have a nuclear weapon. And they didn’t say that in their letter.”
NOW – Trump claims Iran rescinded a previous offer inviting the U.S. to come in and remove all enriched uranium from the country: “They said you’re going to have to take it. We were going to go with them. But they changed their mind.” pic.twitter.com/QcaqpNsXQu
Trump also played-off the issue this weekend saying U.S. forces are watching the site closely and will kill anyone or anything that gets close to it.
‼️ Trump on the enriched Uranium : We’ll get that at some point… We have it surveilled. I did a thing called Space Force, and they are watching that… If anybody got near the place, we will know about it — and we’ll blow them up. pic.twitter.com/pvcZ6vRqJQ
Speaking to 60 Minutes, Netanyahu seemed more direct about a potential ground incursion into Iran, yet evasive about the details. Asked how he envisions the highly enriched uranium will be removed from Iran, Netanyahu stated: “You go in, and you take it out.”
“With what? Special forces from Israel, special forces from the United States?” the Israeli leader was quizzed.
“Well, I’m not gonna talk about military means, but what President Trump has said to me, ‘I want to go in there.’ And I think it can be done physically. That’s not the problem. If you have an agreement, and you go in, and you take it out, why not? That’s the best way.”
Netanyahu was purposefully elusive when asked if it would require force to remove the uranium should no agreement be reached.
“Well, you’re gonna ask me these questions. I’m gonna dodge them. Because I’m not gonna talk about our military – possibilities, plans, or anything of the kind,” he proffered. “I’m not gonna give a timetable to it, but I’m gonna say that’s a terrifically important mission.”
Netanyahu says there’s still “work to be done” before Iran war ends | 60 Minutes
The Israeli government “wants Trump to order a special forces operation to secure Iran’s enriched uranium stockpile,” Axios reported on Monday. “Israeli officials say Trump is hesitant to order such an operation because it is highly risky.”
Axios: The Israeli government wants Trump to order a special forces operation to secure Iran’s enriched uranium stockpile. Israeli officials say Trump is hesitant to order such an operation because it is highly risky.
As we have previously reported, Trump is mulling over his options to retrieve the HEU through a special operations mission. Former U.S. Central Command commander, retired Gen. Joseph Votel, also told us at the time that such an endeavor is highly risky and may not achieve its goal. You can read more about his analysis in our interview with him here.
Meanwhile, ending the hostilities remains in question as the U.S. and Iran remain far apart in ceasefire negotiations. Trump on Monday called the aforementioned recent Iranian peace offer a “piece of garbage” that he didn’t finish reading and added that the ceasefire is on “massive life support.”
Trump is “leaning toward taking some form of military action against Iran to increase pressure on the regime and force concessions on its nuclear program,” Axios reported, citing two U.S. officials.
“He will tune them up a bit,” one U.S. official told the outlet. “I think we all know where this is going,” a second U.S. official said.
Regardless, two U.S. officials told Axios they don’t think Trump would order military action against Iran before he returns from China.
President Donald Trump is likely to press President Xi Jinping over China’s approach to Iran when they meet later this week, senior US officials said Sunday. https://t.co/mxmwLrCs1w
Trump is considering Project Freedom, the effort to guide commercial shipping through the Strait of Hormuz that he paused after about 36 hours last week, Axios added. He is also weighing whether to “resume the bombing campaign and strike the 25% of targets the U.S. military identified but hasn’t hit yet.”
הנשיא טראמפ נפגש היום (שני) עם צוות הביטחון הלאומי הבכיר שלו כדי לדון בצעדים הבאים מול איראן, כולל אפשרות לחידוש הלחימה, לאחר שהמשא ומתן בין הצדדים הגיע למבוי סתום ביום ראשון, כך אמרו שלושה בכירים אמריקנים https://t.co/Yolz48Dxqj
Trump told Fox News that he is thinking about reconstituting Project Freedom.
“President Trump just spoke to our John Roberts a moment ago,” the network noted. “He says he is now considering renewing Project Freedom, but he says this time around the US guiding ships through the Strait of Hormuz would be just one small piece of a larger military operation.”
“He would not divulge at this time what the other pieces would be,” Roberts explained.
As we previously explained, Trump initially claimed he paused Project Freedom to give Iranian negotiators more time to respond to his peace deal. However, NBC News later reported that Trump ended the effort because Saudi officials, surprised by the operation, withdrew access to its bases and airspace.
President Trump told Fox News he is considering reviving Project Freedom, adding that U.S. naval escorts through the Strait of Hormuz would be only one component of a broader military operation. pic.twitter.com/RgLfVVRomi
Iran on Monday revealed what it claimed to be its terms, which made no mention of the uranium. They include the U.S. paying war damages to Iran, recognition of Iran’s sovereignty over the Strait of Hormuz, the end of U.S. sanctions and the release of Iran’s blocked assets by the U.S., according to a post on X by Iran’s official IRIB state broadcaster.
🚨EXCLUSIVE Details of Iran’s response to the U.S plan, which Trump called unacceptable:
– The necessity for the U.S. to pay war damages to Iran. – Recognition of Iran’s sovereignty over the Strait of Hormuz. – End of U.S. sanctions. -Release of Iran’s blocked assets by the U.S.
— IRIB (Islamic Republic of Iran Broadcasting) (@iribnews_irib) May 10, 2026
Speaking at a press conference on Monday, Iranian Foreign Ministry spokesman Esmail Baghaei described his government’s offer as reasonable.
“Is it excessive to demand an end to maritime piracy against Iranian ships?” he asked rhetorically. “To demand the release of Iranian assets unjustly held in foreign banks for years under American pressure? Our proposal for safe passage through the Strait of Hormuz, is that excessive? Establishing security and peace across the entire region, including Lebanon, is that excessive?” “Unfortunately, the American side still insists on positions largely built and shaped by the Zionist regime, and continues to hold its one-sided stance and unreasonable demands,” Baghaei added.
Iran’s FM Spokesperson Esmail Baghaei:
We did not demand any concessions from America; rather, we called for an end to the war and a halt to the piracy at sea against Iranian ships.
In his comments, the Iranian official was referring to the U.S. firing on and seizing Iranian-linked ships. Baghaei was also reacting to a statement made by Trump on Sunday dismissing Tehran’s latest offer. Trump has repeatedly stated his main objectives are that Iran will never get a nuclear weapon and that the Strait of Hormuz will be reopened. The future of Iran’s ballistic missile arsenal and support for proxies like the Houthis and Hezbollah are other sticking points.
“I have just read the response from Iran’s so-called ‘Representatives,’” Trump announced on his Truth Social platform. “I don’t like it — TOTALLY UNACCEPTABLE!”
“I have just read the response from Iran’s so-called ‘Representatives.’ I don’t like it — TOTALLY UNACCEPTABLE! Thank you for your attention to this matter.” -President DONALD J. TRUMP pic.twitter.com/MIQDS9Ujjy
Given the wide diplomatic gap between the U.S. and Iran and statements by Trump and Netanyahu, how much longer the ceasefire can hold remains an open question.
UPDATE: 7:44 PM EDT –
Reacting to the aforementioned Wall Street Journal story about a clandestine Israeli military base set up in Iraq, that country’s military on Monday said there are currently no foreign military bases or forces operating in the country.
The Iraqi Security Media cell stated on X that “the matter pertains to an incident that occurred on 5/3/2026, during which an Iraqi security force from the Karbala Operations Command, as well as from Najaf, moved and clashed with unidentified, unlicensed detachments supported by aircraft at that time, resulting in the martyrdom of one fighter from the Iraqi security forces, the injury of two others with wounds, and the damaging of a vehicle.”
“We wish to clarify that some are attempting to exploit this incident politically, and there are escalatory statements being made without knowledge of the facts,” the post continued. “All these statements harm the reputation of Iraq and its security leadership, which affirms—and is certain—that there are no unauthorized forces or bases currently on Iraqi territory. There is significant effort being undertaken by our security units through inspection operations across all areas of responsibility. We also affirm that the necessary legal measures will be taken against anyone attempting to spread misleading information or malicious rumors that send negative messages about Iraq’s sovereignty, prestige, and the sacrifices of its security institutions.”
بيان •••• نتابع باهتمام كبير ما يتم تداوله من تصريحات وأخبار بشأن وجود قواعد وقوات غير مصرح بها على الأراضي العراقية، وتحديداً في صحراء كربلاء شرق النخيب والنجف. وسبق أن أكدنا أن الأمر يتعلق بحادثة وقعت بتاريخ 5/3/2026، حيث تحركت قوة أمنية عراقية من قيادة عمليات كربلاء…
— خلية الإعلام الأمني🇮🇶 (@SecMedCell) May 11, 2026
UPDATE: 6:36 PM EDT –
Israel’s Iron Dome air defense system “has been nearly 99% effective against missiles from Hamas and Hezbollah militants and has knocked out most missiles from Iran,” the chairman of state-owned Iron Dome maker Rafael Advanced Defense Systems Ltd said on Monday, according to Reuters.
Rafael’s Yuval Steinitz told a conference of the Jerusalem Center for Security and Foreign Affairs that since the October 2023 Hamas raid on Israel, Hamas in Gaza and Hezbollah in Lebanon have between them fired some 40,000 rockets at Israel.
“Iron Dome intercepted most of them with success rates that (are) not 100% but close to 100%. It’s around 98%, even 99%, so it’s not perfect, but almost,” Steinitz said.
Iran, he added, has fired about 1,500 ballistic missiles at Israel in two rounds of fighting since 2024 and “only several dozens” were not intercepted.
He noted that there was no shortage of missile interceptors.
The Trump administration is keeping up its economic pressure on Iran, “sanctioning another network selling and shipping Iranian oil for the IRGC,” State Department spokesman Tommy Piggott stated X. “This action marks an additional round of sanctions under Economic Fury, part of the Administration’s maximum pressure campaign.”
The Trump Administration is sanctioning another network selling and shipping Iranian oil for the IRGC. This action marks an additional round of sanctions under Economic Fury, part of the Administration’s maximum pressure campaign.
Satellite imagery from @CopernicusEU shows no supertanker loadings on May 8, May 9 and May 11 (we don’t have data for May 10 from either Sentinel 1 or Sentinel-2 ),” Bloomberg energy and commodities columnist Javier Blas noted on X. “It looks like the longest stretch without loadings since the early days of the war.”
Kharg Island update: @CopernicusEU satellite imagery shows no supertanker loadings on May 8, May 9 and May 11 (we don’t have data for May 10 from either Sentinel 1 or Sentinel-2 🛰️). It looks like the longest stretch without loadings since the early days of the war. pic.twitter.com/yJoTzGO79j
As Pakistan positioned itself as a diplomatic conduit between Tehran and Washington, “it quietly allowed Iranian military aircraft to park on its airfields, potentially shielding them from American airstrikes,” CBS News reported, citing U.S. officials with knowledge of the matter.
Iran also sent civilian aircraft to park in neighboring Afghanistan, the network added, saying it was not clear if military aircraft were among those flights.
Among the military hardware was an Iranian Air Force RC-130, a reconnaissance and intelligence-gathering variant of the Lockheed C-130 Hercules tactical transport aircraft.
Scoop via @CBSNews: As Pakistan positioned itself as a diplomatic conduit between Tehran and Washington, it quietly allowed Iranian military aircraft to park in its country, potentially shielding them from US airstrikes, sources told @JimLaPorta and me. Days after Trump announced…
The strikes, which the UAE has not publicly acknowledged, included an attack on a refinery on Iran’s Lavan Island in the Persian Gulf, WSJ said, adding that the attack took place in early April, according to the publication.
The UAE has carried out military strikes on #Iran, according to the Wall Street Journal.
The strikes, which the UAE has not publicly acknowledged, included an attack on a refinery on Iran’s Lavan Island in the Persian Gulf.https://t.co/0GJFrUdbsh
The U.S. blockade on Iranian ports remains ongoing, there was another report of ships attacked by drones in the Persian Gulf and the UAE said Iran is continuing to launch attacks against its territory.
U.S. Central Command on Monday claimed it has turned away 62 ships and disabled four attempting to run the blockade in total since the blockade began on April 13.
USS Delbert D. Black (DDG 119) monitors regional waters as it transits the Arabian Sea during enforcement of the U.S. blockade against Iran. CENTCOM forces have redirected 62 commercial ships and disabled 4 to ensure compliance. pic.twitter.com/Qw5QrTUn5R
The Ambrey maritime security firm said two ships were struck on Sunday in the Persian Gulf.
“A Panama-flagged deck cargo vessel was impacted by an unmanned aerial vehicle (UAV) while anchored approximately 23.6 NM east-northeast of the port of Doha, Qatar,” according to an Ambrey alert. “The impact resulted in a small fire, which was subsequently extinguished by the vessel’s crew. The vessel reported damage to its conveyor system at approximately 07:15 UTC. One coast guard vessel was observed alongside, rendering assistance. No crew casualties were reported in connection with the incident. This incident occurred approximately 2.8 NM south of an additional vessel that was impacted by a projectile on the morning of 10 May. Ambrey will provide updates as new information becomes available.”
The Ambrey alert did not specify who launched the drones.
On Sunday, UAE said it was attacked by two drones launched by Iran, the latest in a string of strikes dating back to the beginning of the war on Feb. 28 and continuing even after the April 7 ceasefire between the U.S. and Iran.
UAE Air Defenses engaged 2 UAV’s.
The Ministry of Defense announced that on May 10, 2026, UAE air defense systems successfully engaged 2 UAV’s launched from Iran.
Since the onset of these blatant Iranian attacks, UAE air defenses have engaged a total of 551 ballistic missiles,… pic.twitter.com/yvruj6d3om
Last week, the U.S. imposed sanctions on several China-based companies, alleging that they provided “satellite imagery to enable Iran’s military strikes against US forces in the Middle East” and enabled “efforts by Iran’s military to secure weapons, as well as raw materials with applications in Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs,” according to the Guardian.
On Monday, China lashed out at those sanctions, describing them as illegal and unilateral, Reuters reported.
“We have always required Chinese enterprises to conduct business in accordance with laws and regulations, and will firmly safeguard the legitimate rights and interests of Chinese enterprises,” spokesperson Guo Jiakun said at a regular press briefing.
Iraqi lawmakers are calling for investigation into a clandestine military outpost Israel reportedly set up in the Iraqi desert to support its air campaign against Iran. The Wall Street Journal on Saturday reported that Israel built the installation, which housed special forces and served as a logistical hub for the Israeli air force, with the knowledge of the U.S. just before the start of the war. It also included search-and-rescue teams positioned to assist any downed Israeli pilots, according to the Journal. Israeli forces fired on Iraqi troops after it was discovered, the newspaper added.
Exclusive: Israel built a secret military post in Iraq to support its campaign against Iran and launched strikes on Iraqi troops who almost found it early in the war https://t.co/f9FISMgdNs
Ahmed Majid, a Kurdish politician, “is among several lawmakers who have harshly reacted to the report of the existence of an Israeli base in the Arab country,” Iran’s official IRNA news agency reported on Monday. Majid warned “that Iraq’s sovereignty is being violated by both the United States and the Israeli regime.”
Member of Parliament Abu Turab al-Tamimi called the presence of the Israeli military base and American forces “a dangerous security scandal” and raised questions “about how enemy forces entered deep into Iraqi territory without the knowledge of border guards, the Interior Ministry, and the Joint Operations Command.”
al-Tamimi insisted that “an immediate investigation should be opened and committees should be formed to hold the perpetrators accountable,” IRNA noted.
Video emerged online purporting to show the Israeli outpost, in the Najaf desert, from a distance. The video was reportedly taken by an Iraqi soldier, though we cannot independently verify these claims.
Circulating footage claiming to show the Israeli military outpost in Iraq’s Najaf desert from a distance. The Iraqi soldier who is filming says the lights belong to two U.S. bases. The Iraqi forces appear to be keeping their distance, as reported by Al-Arabiya. https://t.co/p7tGGCyEDOpic.twitter.com/kgAfEtsGgI
— Ariel Oseran أريئل أوسيران (@ariel_oseran) May 10, 2026
However, the likelihood of an outpost like this is something we have suggested was all but assumed going back to last year’s 12 Day War.
Hezbollah released video footage on Sunday claiming to show its first-person view (FPV) drones attacking an Israeli Iron Dome air defense battery in northern Israel. The video shows what appears to be two attacks, one on a launcher and one on another launcher with several Israeli troops observed nearby. In each case, the video cuts out before any damage is seen.
“There was no public comment from the IDF, but unofficially, IDF sources could not dispute the video’s authenticity, and the visuals spoke for themselves,” the Times of Israel noted.
Hezbollah released footage showing one of its drones targeting an iron dome platform positioned in Israel northern border over the weekend. pic.twitter.com/aWBr7NiLkw
— Ariel Oseran أريئل أوسيران (@ariel_oseran) May 10, 2026
The British Royal Navy is deploying its Type 45 destroyer HMS Dragonto the Middle East to take part in a potential European post-ceasefire effort to secure the Strait of Hormuz. The vital body of water has been closed to nearly all shipping by Iran since the war broke out on Feb. 28.
The deployment comes as the U.K. and France will host the first meeting of the Strait of Hormuz coalition of defense ministers on Tuesday to map out a way forward amid the global economic impact of the Strait closure. It is also taking place as the latest round of negotiations between the U.S. and Iran remains deadlocked while a shaky ceasefire holds.
“The Type 45 destroyer will forward deploy to ensure the UK can contribute to a future multinational mission to secure the critical waterway and safeguard freedom of navigation, following a sustainable ceasefire,” the Royal Navy said in a statement on Monday. “HMS Dragon can use her Sea Viper missile system to help safeguard UK assets and interests – assisted by Wildcats from 815 Naval Air Squadron equipped with Martlet missiles able to deal with the aerial drone threat.”
The Wildcats are helicopters with drone-busting capabilities that operate off Royal Navy destroyers and frigates.
The idea is that the Dragon would help set up an air defense bubble over the Strait in case a more comprehensive ceasefire breaks down. That would protect ships like the German minesweeper Fulda, which is also heading toward the region, as well as commercial vessels transiting the Strait.
As we previously reported, the Royal Navy’s Type 45 destroyer HMS Diamond used the Sea Viper system, along with guns, to take down more than a half-dozen drones launched by the Houthis in one engagement during the Iranian-backed rebel group’s campaign against Red Sea shipping in 2024.
You can see an image from that engagement below.
Royal Navy personnel aboard the HMS Diamond in action against a Houthi attack in the Red Sea. (Owen Cooban/U.K. Ministry of Defense) Owen Cooban/U.K. Ministry of Defense
The Portsmouth-based Dragon left the UK in March and has been “helping to safeguard the island of Cyprus in the Eastern Mediterranean,” according to the Royal Navy. In our earlier reporting, we noted that the French aircraft carrier Charles de Gaulle entered the Red Sea last week.
News about the deployment of French and U.K. vessels to the Middle East sparked a sharp warning from Iran.
“Any deployment and stationing of extra-regional destroyers around the Strait of Hormuz, under the pretext of ‘protecting shipping,’ is nothing but an escalation of the crisis, the militarization of a vital waterway, and an attempt to cover up the true root of insecurity in the region,” Iran’s Deputy Foreign Minister Kazem Gharibabadi stated on X. “Accordingly, it is emphasized that the presence of French and British warships, or those of any other country potentially accompanying the illegal and internationally unlawful actions of the United States in the Strait of Hormuz, will be met with a decisive and immediate response from the armed forces of the Islamic Republic of Iran. Therefore, they are strongly advised not to complicate the situation further.”
Gharibabadi did not elaborate on what that response might be.
فرانسه اعلام کرده است ناو هواپیمابر «شارل دوگل» را برای آماده سازی یک ماموریت آینده همکاریهای مشترک میان پاریس و لندن با هدف تقویت آزادی کشتیرانی در منطقه تنگه هرمز، به سمت دریای سرخ و خلیج عدن فرستاده است. در همین حال، دولت انگلیس هم اعلام کرده که در همراهی با فرانسه، یکی از…
Tomorrow U.K. Defense Secretary John Healey MP will co-chair a meeting of over 40 nations, alongside his French counterpart, Minister Catherine Vautrin, for the multinational mission’s first Defense Ministers’ meeting.
“The plan is strictly defensive and, once conditions allow, will focus on restoring confidence for commercial shipping along the critical trade route,” the Royal Navy noted. “HMS Dragon could play a key role in this mission. The ship’s forward presence will help strengthen confidence among commercial shipping firms, support mine-clearance efforts, and protect vessels once hostilities have ceased.”
ORLANDO, Fla. — Environmental groups say that the timing of the expected closure of an immigration detention center in the middle of the Florida Everglades, likely in the next month or two, is no accident because it will come as their lawsuit challenging its existence returns to a federal judge who had previously ordered it shut down.
A federal appellate court decided last month to keep open the detention center nicknamed “Alligator Alcatraz,” for the time being, blocking a lower court decision ordering it to wind down operations. But the case was sent back to the lower court judge who now gets jurisdiction over the lawsuit as the litigation over the facility’s fate continues.
“Knowing that the same district judge who previously enjoined the operation would soon reassume oversight — the defendants are now effectively waving the white flag,” said Paul Schwiep, an attorney for the environmental groups that had sued, saying the facility’s construction hadn’t undergone a required environmental review.
When asked about the future of the state-run facility and its costs on Wednesday, Florida Gov. Ron DeSantis said that he hadn’t gotten any “official word” that federal authorities are going to stop sending detainees to the center.
But vendors who supply and help run the facility have been told that the closure could be as soon as next month, according to reports Tuesday by the New York Times and CBS News Miami. The Florida Department of Emergency Management, which operates the detention center, didn’t respond to an emailed inquiry on Wednesday. The Republican governor’s press secretary, Molly Best, referred questions about the facility to the state emergency management agency.
“We didn’t build any permanent facilities down there because we knew it was going to be temporary,” DeSantis said Wednesday at a news conference in Titusville, Fla.
DeSantis’ administration opened the facility in July to support the immigration crackdown by the administration of President Trump, who visited the detention center last summer. An attorney for two detainees has accused guards of severely beating and pepper-spraying detainees. Other detainees have said worms turn up in the food, toilets don’t flush and mosquitoes and other insects are everywhere.
“This monument to cruelty, waste and environmental and tribal lands abuse should have never been built,” U.S. Rep. Debbie Wasserman Schultz, a Democrat from Florida, said Tuesday.
Friends of the Everglades and the Center for Biological Diversity sued state and federal officials a short time after the facility opened, claiming the remote airstrip site in the Everglades wasn’t given a proper environmental review required by federal law before it was converted into an immigration detention center. U.S. District Judge Kathleen Williams in Miami agreed and ordered in August that the facility must wind down operations within two months.
The appellate court blocked the order, saying the Florida-run facility wasn’t under federal control and didn’t need to comply with federal law requiring an environmental impact review.
But the appellate court made clear that once Florida got federal reimbursement for the facility, it would have to comply with the federal environmental law, Schwiep said.
DeSantis said Tuesday that the state expected to be reimbursed by the federal government for $608 million, which has already been approved by the Federal Emergency Management Agency.
WASHINGTON — The chair of the House Oversight Committee has sent a letter to OpenAI Chief Executive Sam Altman requesting information about potential conflicts of interest between Altman’s personal investments and his operation of the company.
The letter, sent Friday, comes amid a high-stakes legal battle currently playing out in an Oakland federal courtroom between one-time partners Altman and Elon Musk, the world’s richest man, who in 2015 co-founded the AI company best known for creating ChatGPT.
The company was first established solely as a non-profit corporation and the letter sent to Altman by Rep. James Comer (R-Ky.), the Republican chair of the Oversight committee, indicates that the committee is “investigating potential conflicts of interest involving capital from nonprofit corporations invested in startups and other for-profit companies.”
Comer has requested by May 22 a briefing from the company official responsible for oversight of potential conflicts involving company officers and directors, including Altman, as well as all documents related to conflict of interest policies and guidance for those executives.
While OpenAI was created as a non-profit designed to responsibly harness the power of the emerging artificial intelligence technology, the company created a for-profit subsidiary in 2019 and three years later released ChatGPT, which jumpstarted widespread adoption of the technology.
Musk, the chief executive of Tesla, left Open AI’s board in 2018, one year before the creation of the for-profit arm. He is arguing that Altman and another co-founder, Greg Brockman, betrayed the original mission of the non-profit organization, driven by their desire to “cash in” on the technology.
Musk added Microsoft, a significant investor in OpenAI, to the lawsuit in 2024. OpenAI is rumored to be gearing up to go public later this year or early next, and was recently valued at $852 billion.
Musk has said that he invested $38 million in the OpenAI non-profit, but he does not stand to benefit from a potential OpenAI public offering.
He created a rival company xAI in 2023 that was later folded into his company SpaceX
In the lawsuit, Musk is seeking $150 billion in damages, for Altman to be removed from the company and for the company to be fully returned to its non-profit status.
Musk’s complaint also alleges that Altman engaged in self-dealing by directing OpenAI to pursue deals with companies in which he also held a personal stake, including nuclear fusion power company Helion.
Comer’s letter cites reporting that Altman’s pursuit of a Helion deal, which is still ongoing, would come at a lofty valuation of the power-company, boosting the company’s worth, and the value of Altman’s investment.
Altman was briefly forced to step down from leadership of OpenAI in 2023 in part due to concerns about potential conflicts between his personal investments and his operation of the company, but was soon reinstated.
While the company’s board created an audit committee to investigate the potential conflicts of Altman and other officers, the findings were never disclosed.
Comer has requested that Altman turn over all documents and communication related to that audit committee.
Representatives for OpenAI did not immediately respond to requests for comment.
Once upon a time, Primm, Nev., had three bustling casino resorts, shiny gas stations, a roller coaster and Bonnie and Clyde’s “death car.”
It was a bit surreal, said former visitor John Honell of West Covina: “You had this whole complex in the middle of the desert.”
Southern Californians traveling the arid stretches of the I-15 would see Primm pop up. As he drove to Sin City for bowling tournaments, Honell would stop and “drop a few coins” into the slot machines. It was a gambling oasis — a little less flashy and a little more affordable than Vegas and 45 minutes closer.
“I guess it worked for a while,” said Honell, 85.
But it works no longer. The last of the three casino resorts will close on July 4, owner Affinity Gaming confirmed to The Times this week.
Honell, a regular in the 1970s, saw the growth of a desert gamble: the expansion of the Primm property, in the dusty town once known as State Line, from Whiskey Pete’s gas station, bar and slot machines into three busy resorts.
The Nevada gambling hub south of Las Vegas along the 15 Freeway appears finished, though. Southern Californians who appreciated that it was a shorter drive now can find gambling much closer, at tribal casinos.
David G. Schwartz, a gaming historian and professor at the University of Nevada, Las Vegas, said Primm’s casinos were “built for an entirely different world.”
“Southern California is a huge market for Las Vegas and, in particular, it was once very attractive for those in the Inland Empire,” Schwartz said. “It was a way to trim 45 minutes off the drive — it was a 2-hour drive. It’s different math.”
Lights still glow on the Buffalo Bill’s Resort and Casino sign on Sunday, July 6, 2025 in Primm, NV. (Bridget Bennett / For The Times)
(Bridget Bennett/For The Times)
Primm was once one of Nevada’s more popular gambling resorts, a less expensive, slightly more kitschy alternative to Las Vegas that benefited from being closer than Sin City.
Primm Valley, Whiskey Pete’s and Buffalo Bill’s all hosted at one time the famed Bonnie and Clyde V-8 Ford riddled with more than 100 bullets in 1934.
Whiskey Pete’s offered a quick and affordable 24-hour IHOP, in comparison to Vegas’ pricier buffets, and Californians and Nevadans visited Primm Valley’s 100-store outlet mall, supported by shoppers who were brought by bus to the mall for free.
Buffalo Bill’s was the biggest of the trio, boasting a buffalo-shaped pool and 592 rooms at its opening (the Bellagio has nearly 4,000 rooms) and eventually expanding to 1,242 rooms.
Buffalo Bill’s and its sister resorts closed in March 2020 when the pandemic hit, reopening between December 2022 and 2023. But they struggled to attract customers.
Although the COVID-19 pandemic hurt all Nevada casinos, that was only part of the reason for Primm’s decline. Schwartz said tribal casinos in Southern California saw their prospects soar as Primm’s hotels teeter-tottered.
“Many of those people Primm was drawing from began to stay in Southern California, where the drives are just much shorter and the amenities much closer,” Schwartz said. “You see the same issue playing out at Laughlin along the Arizona border and Reno and Tahoe in Northern California.”
Shortly after Proposition 1-A’s passage, San Manuel was one of several tribal casinos in San Bernardino and Riverside counties that declared an arms race with Nevada.
Fantasy Springs Resort Casino in Indio, run by the Cabazon Band of Mission Indians, opened in December 2004. The tribe was the fourth between 2002 and 2004 to open or expand its operations, including Agua Caliente in Palm Springs, Morongo in Cabazon and the Pechanga Band of Luiseno Mission Indians in Temecula.
Most of these casinos have continued to build and expand their operations as revenue has continued to flow.
The Southern California tribal resorts are classified by the National Indian Gaming Commission, a gaming regulatory body, to be in the Sacramento region, which includes all resorts in California and Northern Nevada.
Ten years later, 87 tribal operations throughout two states combined for $12.1 billion, marking a modest 1.4% increase from 2023.
Yaamava’ Resort & Casino, run by the San Manuel Band of Mission Indians, sits in Highland, about 200 miles from Primm but less than half that distance from downtown L.A.
Yaamava’ completed a $760-million expansion in 2021, which added a 17-floor tower, three bars and about 1,700 new slots.
United States Secretary of State Marco Rubio told reporters on Tuesday that Operation Epic Fury – the US-Israeli strikes on Iran which commenced on February 28 and prompted a regional conflict – had concluded as its objectives had been achieved. Washington now prefers “the path of peace”, Rubio said.
On the same day, US President Donald Trump announced that the US military operation to escort stranded ships out of the Strait of Hormuz – “Project Freedom”, which was launched the day before – had been paused.
So, does this mean the US-Israel war on Iran is over?
What did Rubio say about Operation Epic Fury?
In a media briefing at the White House on Tuesday, Rubio told reporters that Operation Epic Fury was over.
“The Operation Epic Fury is concluded. We achieved the objectives of that operation,” Rubio said.
“We’re not cheering for an additional situation to occur. We would prefer the path of peace. What the president would prefer is a deal,” he said, referring to Pakistan’s efforts to arrange direct talks between Iran and the US.
The first round of these, in Islamabad last month, ended without a resolution. Both sides have submitted new proposals since then.
“The on-again, off-again talks with Iran, alongside Trump’s abrupt about turn on ‘Operation Freedom’ to guide vessels out of the Strait of Hormuz has created unwelcome frenzy in the Gulf,” Burcu Ozcelik, a senior research fellow for Middle East security at UK-based think tank Royal United Services Institute (RUSI), told Al Jazeera.
“It also reflects the highly fraught and almost frantic diplomatic backchannelling aimed to extract deep concessions from Tehran on the nuclear issue that will lock in commitments that exceed previous conditions, and which will convince the US to lift the blockade on Iranian ports and unlock sanctions relief – thereby effectively ending the war.”
Ozcelik explained that Iran, on the other hand, wants guarantees that this will be the end of the war, rather than just a pause.
What did Trump say about Project Freedom?
The same day, Trump told reporters that Project Freedom had been paused “based on the request” of Pakistan and other countries, and the “fact that Great Progress has been made towards a Complete and Final Agreement” with representatives of Iran.
Project Freedom was the US forces’ operation to escort stranded ships through the Strait of Hormuz that Trump announced the day before. It had appeared to signal a direct challenge to Iran’s closure of the strategic waterway, through which 20 percent of the world’s oil and liquefied natural gas (LNG) supplies are shipped in peacetime. Iran’s threats to attack ships in the strait have blockaded it since the US-Israel attacks on Iran began. Then, the US announcement of a naval blockade on Iranian ports added to the standoff around the strait.
After Trump announced Project Freedom, Iran said ships trying to use the strait without permission from the Islamic Revolutionary Guard Corps (IRGC) would be fired on, igniting fears of a return to war. His announcement triggered a war of words between the US and Iran, with claims and counterclaims about strikes continuing throughout the day.
First, Iran’s Fars agency claimed it had hit a US warship with drones after it ignored orders to turn back from the Strait of Hormuz. US Central Command (CENTCOM) denied a US ship had been struck, however, and instead claimed to have sunk at least six IRGC vessels. Iran denied that. Tehran then published a new map extending its claimed area of control over the strait into UAE waters, raising fears of a new regional confrontation.
The UAE accused Iran of launching strikes on its Fujairah port, the site of an important oil pipeline, which sparked a fire in an oil refinery.
On Tuesday, the US operation had been stopped, according to Trump.
“We have mutually agreed that, while the [US] Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,” he wrote on his Truth Social platform.
Iran has not immediately responded to this.
Shahram Akbarzadeh, a professor in Middle East and Central Asian politics at Australia’s Deakin University, told Al Jazeera that while it is difficult to determine exactly why Trump has paused Project Freedom, the pause comes against the backdrop of growing antiwar public opinion in the US.
“At the same time, Trump may be losing patience with the war; he says he has time to drag this out,” Akbarzadeh said.
“But in reality, Trump has a short attention span and needs to secure a win – soon. Pausing Project Freedom allows diplomacy to pick up pace, bringing US and Iran closer to a deal that Trump would label as a win.”
Is this the end of the war on Iran?
Not exactly. Akbarzadeh said pausing Project Freedom could serve as “the beginning of the end for the war”.
“We know that the Iranians are desperate for an end, so there is little chance of them resuming attacks on US Navy if Trump sends explicit signals that diplomacy has a green light,” he said.
However, he added, “The problem is that we have been here before. Earlier opportunities were squandered because Israel insisted that the US could get a better deal or because Trump misread the situation and expected the military option to grant him more concessions.”
What happens next?
It is difficult to predict this, but neither side appears to want a return to full-scale war, so both are likely to prioritise a diplomatic way out, Akbarzadeh said.
Still, “neither can afford to be seen as the loser,” he added. “They feel their public image needs to be preserved for their own respective domestic audience. This complicates negotiations and reaching a deal.”
Ozcelik said what happens next “will be determined by what the fractured leadership in Tehran commits to on the nuclear file.
“While it has rejected that talks involve curbs on Iran’s nuclear programme, this type of posturing has aimed to assuage domestic, hard-line and Iranian nationalists who are rattled by the US-Israel strikes and see nuclear issues from a nationalist, sovereign rights perspective.”
She predicted that the United Nations may soon issue a formal condemnation of Iran for unilaterally blockading the Strait of Hormuz.
“But the real pressure, mounting by the day, is the economic one – that shutting the strait is imposing punishing costs on Iran’s economic recovery prospects,” she said.
“Despite rhetoric on resilience and survival, the remaining Iranian leadership is undeniably concerned about the costs of the war. The possibility of renewed military strikes against Iranian critical infrastructure and the destabilising impacts these would inevitably have might be finally forcing Tehran’s hand,” Ozcelik concluded.
United States President Donald Trump has said that the US military operation to move stranded ships out of the Strait of Hormuz has been paused temporarily.
Trump made the announcement on his Truth Social platform on Tuesday.
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He said the decision was made “based on the request” of Pakistan and other countries and the “fact that Great Progress has been made toward a Complete and Final Agreement” with representatives of Iran.
“We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,” he wrote.
There was no immediate comment from Iran.
Trump’s announcement came as tensions escalated in the Gulf, with the US military saying it destroyed several Iranian boats in the Strait of Hormuz, as well as cruise missiles and drones. The United Arab Emirates said its air defences dealt with missile and drone attacks from Iran for a second day, while another commercial ship in the Strait of Hormuz reported being hit by an “unknown projectile”.
For its part, Iran’s Islamic Revolutionary Guard Corps (IRGC) issued a new map of the strait, with an expanded area of Iranian control, and warned vessels on Tuesday to stick to the corridors it has set or face a “decisive response”.
In Washington, DC, Secretary of State Marco Rubio told reporters that the US has completed its offensive operations against Iran, dubbed “Operation Epic Fury”, and “there’s no shooting unless we’re shot at first”.
But Iran must “pay a price” for its efforts to control the strait, he said.
“The Straits of Hormuz do not belong to Iran. They don’t have a right to shut it down and blow up ships and lay mines,” Rubio said.
“Under no circumstances can we live in a world where we accept, ‘OK, this is normal – you have to coordinate with Iran. You have to pay them a toll in order to go through the Straits of Hormuz’. Not only is that unacceptable in the straits, you’re creating a precedent that could be repeated in multiple other places around the world.”
The maritime chokepoint, through which roughly one-fifth of the world’s energy supplies normally pass, has been effectively sealed by Iran since the US and Israel launched their war on the country on February 28.
Following a ceasefire in April, the US imposed its own blockade on Iranian ports in a bid to compel Tehran to agree to Washington’s terms in peace talks mediated by Pakistan, including reopening the key waterway and halting all nuclear enrichment.
The closure of the strait has disrupted global trade, causing oil and fertiliser prices to soar and prompting fears of a global recession and a food emergency.
Earlier on Tuesday, Trump told reporters at the White House that the US’s military and economic action was forcing Tehran to the negotiating table despite its defiant public stance.
“Iran wants to make a deal. What I don’t like about Iran is they’ll talk to me with such great respect, and then they’ll go on television. They’ll say, ‘We did not speak to the president’,” he said. “So they play games. But let me just tell you, they want to make a deal. And who wouldn’t? When your military is totally gone, we could do anything we want to them.”
Trump, who is facing mounting pressure at home as petrol prices rise ahead of crucial midterm elections, went on to say that Iran’s military had been reduced to firing “peashooters”.
When asked what Iran would need to do to violate the ceasefire, Trump said: “They know what not to do.”
US Secretary of Defense Pete Hegseth, meanwhile, said that the renewed violence in the Strait of Hormuz does not constitute a breach of the four-week-old truce.
“American forces won’t need to enter Iranian waters. It’s not necessary. We’re not looking for a fight. But Iran cannot be allowed to block innocent countries and their goods from international waterways,” he said at the Pentagon.
“Right now, the ceasefire certainly holds, but we’re going to be watching very, very closely,” he added.
A fragile ceasefire may have paused the US-Israeli war on Iran, but the economic cost is crippling the daily lives of Iranians. The US is blockading Iranian ports, while the price of goods skyrockets and businesses struggle to keep employees.
WASHINGTON — The White House is warning Congress that funding to pay Department of Homeland Security personnel will “soon run out,” sparking new threats of airport disruptions and national security concerns as the House slow-walks legislation to end what has been the longest-ever lapse in agency funding.
In a memo late Tuesday to lawmakers, the Office of Management and Budget said money that President Trump tapped to pay Transportation Security Administration and other workers through executive actions will be exhausted by May. It called on the House to quickly approve the budget resolution senators approved in an all-night session last week that would pave the way for full funding for the department.
“DHS will soon run out of critical operating funds, placing essential personnel and operations at risk,” the memo said.
The pressure from the Trump administration could help House Speaker Mike Johnson, whose narrow Republican majority has been stalled out, tangled in internal party disputes on a range of pending issues, including the Homeland Security funding. They have left the chamber at a virtual standstill.
The House was expected to vote as soon as Wednesday on the Senate budget resolution that is designed to unlock a multistep process to eventually fund the department. But by midday, House action again screeched to a halt. The administration has warned GOP lawmakers off making changes that could prolong passage.
“Restoring funding for the Department of Homeland Security has never been more urgent, as demonstrated by recent events,” the memo said, a nod to the situation over the weekend when a man armed with guns and knives tried to storm the annual White House correspondents’ dinner that Trump, the vice president and top Cabinet officials were attending.
Homeland Security shutdown is longest ever
Homeland Security has been operating without regular funds for more than two months after Democrats refused to fund Immigration and Customs Enforcement and Border Patrol without changes to those operations after the deaths of Americans protesting Trump’s deportation agenda.
While immigration enforcement workers have largely been paid through the flush of new cash — some $170 billion — that Congress approved as part of Trump’s tax cuts bill last year, others, including TSA, have had to rely on Trump’s intervention through executive action to ensure their paychecks.
But with salaries topping $1.6 billion every two weeks, Homeland Security Secretary Markwayne Mullin said recently, those funds are drying up.
More than 1,000 TSA officers have quit since the shutdown began, according to Airlines for America, the U.S. airlines trade group that called Wednesday on Congress to fully fund the agency.
“The urgency to provide predictable and stable funding for TSA is growing stronger by the day,” the group said in a statement. “Time and time again, our nation’s aviation workers and customers have been the victim of Congress’ failure to do their jobs.”
Complicated budget strategy ahead
House and Senate Republicans have embarked on a go-it-alone strategy, attempting to approve funds for Immigration and Customs Enforcement and Border Patrol without Democrats. They want to provide $70 billion for those immigration operations for the remainder of Trump’s term to ensure no further interruptions.
It’s a cumbersome process, the same that was used last year to approve Trump’s tax cuts bill, that will play out over several weeks.
The Senate launched the process last week, and is now waiting on the House to act. Once that budget resolution is approved, both the House and Senate are expected to draft the actual funding bill, a process that can take weeks.
In the meantime, Johnson is next expected to quickly turn this week to legislation that would fund the other parts of Homeland Security, including TSA, the Coast Guard and other agencies.
That bipartisan bill has support from Democrats and already passed the Senate a month ago, when Republicans reluctantly agreed to carve out the immigration-related funds that Democrats had opposed. But it has been stalled out in the House, as Republicans in that chamber disagreed with the Senate’s approach.
Mascaro writes for the Associated Press. AP writer Rio Yamat in Las Vegas contributed to this report.
