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Seoul shares close at fresh peak above 9,100 on chip gains amid U.S.-Iran talks

This photo, taken Monday, shows the trading room of Hana Bank in Seoul as South Korean stocks closed above the 9,100-point mark on a semiconductor rally and optimism over a U.S.-Iran deal. Photo by Yonhap

South Korean stocks finished at an all-time high Monday on a continued rally in semiconductor shares amid signs of progress in U.S.-Iran talks to end their monthslong war in the Middle East. The local currency lost against the U.S. dollar.

After opening 1.08 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 62.13 points, or 0.69 percent, to 9,114.55 after rising as high as 9,253.00.

Trade volume was moderate at 377.2 million shares worth 41.4 trillion won (US$26.9 billion) with losers outnumbering winners 739 to 148.

Retail investors and institutions were net buyers, purchasing 2.15 trillion won and 308.4 billion won, respectively, while foreign investors sold a net 2.55 trillion won.

On Sunday, Washington and Tehran wrapped up their first talks and agreed on a road map to reach a final deal within 60 days, according to a statement issued by the mediating countries of Qatar and Pakistan.

The negotiations had been at risk of breakdown as Tehran said it had closed the Strait of Hormuz and U.S. President Donald Trump had repeated his threats to resume attacks on Iran.

“Negotiations went smoothly in general despite some aggressive messages, which were considered short-lived noises,” said Kang Jin-hyeok, an analyst from Shinhan Securities.

Semiconductor shares ended in positive territory.

Chip giant SK hynix jumped 5.61 percent to 2.92 million won, surpassing Samsung Electronics in terms of market capitalization for the first time.

SK Square, the parent of SK hynix, surged 10.67 percent to 1.97 million won, and Hanmi Semiconductor, a leading chip manufacturing equipment provider, increased 2.2 percent to 301,500 won.

Defense giant Hanwha Aerospace advanced 0.27 percent to 1.13 million won, and Korea Aerospace Industries (KAI) climbed 1.43 percent to 148,600 won.

However, Samsung Electronics dropped 0.14 percent to 353,500 won, and Samsung Electro-Mechanics, an electronic components manufacturing affiliate of Samsung Electronics, lost 1.85 percent to 2.23 million won.

Top carmaker Hyundai Motor decreased 5.22 percent to 581,000 won, and leading battery maker LG Energy Solution dipped 4.7 percent to 385,500 won.

Samsung Life Insurance slid 9.36 percent to 450,500 won, and pharmaceutical giant Samsung Biologics retreated 5.75 percent to 1.3 million won.

The Korean won was quoted at 1,537 won against the U.S. dollar, down 10 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 2.6 basis points to 3.810 percent, and the return on the benchmark five-year government bonds added 3.9 basis points to 4.044 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.

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US, Iran agree on ‘roadmap’ towards final deal in Switzerland talks | News

The first round of talks between high-level officials from Iran and the United States in Switzerland has ended, mediators say, with the two sides agreeing on a roadmap towards a final deal to end their more than 100-day war.

Iran and the US agreed to set up communication lines to keep the vital Strait of Hormuz open and end fighting in Lebanon at the marathon talks that ended on Monday, according to mediators.

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The teams, led by US Vice President JD Vance and Iranian parliament Speaker Mohammad Bagher Ghalibaf, opened talks on Sunday as part of a two-month negotiating period set out under a preliminary deal agreed last week.

Mediators Pakistan and Qatar said the negotiators reached agreement on a “roadmap towards reaching a final deal within 60 days” with technical talks to continue for the rest of the week at the Swiss resort of Burgenstock.

“Encouraging progress has been made, including the creation of a mechanism for further technical talks,” they said, detailing a contact channel set up to “avoid incidents and miscommunication” over the Strait of Hormuz.

A “deconfliction cell” between the parties and authorities in Lebanon has also been agreed to prevent fighting from erupting there again, they said.

Al Jazeera’s Osama Bin Javaid, reporting from Lucerne, Switzerland, said mediators hailed the constructive engagement, adding that the working groups formed by the negotiators are to begin work immediately.

“A lot of work still remains to be done, and it is not yet clear how these groups will be formulated, in which capacity they will work or what format any future meeting will take,” he said.

Tehran essentially had blocked the Strait of Hormuz in retaliation against the joint attacks by Israel and the US on February 28 that touched off the war.

Lebanon was pitched into the conflict as Iran-aligned Hezbollah attacked Israel in response to the US-Israeli attacks on Iran, prompting Israel to launch a wide-scale bombing campaign and ground invasion of southern Lebanon.

After a series of false starts, Washington and Tehran last week finally signed a memorandum of understanding aimed at ending the war, which included a provision to end fighting in Lebanon between Israel and Hezbollah.

But there have been repeated clashes and Israeli attacks in Lebanon since, which prompted Iran to say days after it had reopened the Strait of Hormuz that it would again close the waterway, through which about a fifth of global oil and liquefied natural gas supplies transited before the war.

“Tireless Pakistani and Qatari mediation has delivered major progress to end Lebanon War,” Iranian Foreign Minister Abbas Araghchi wrote on X after the talks in Switzerland.

“Oil and petrochem exports are waived, blockade lifted, some frozen assets released, and major reconstruction & development plan launched for Iran. 1st real test: Lebanon deconfliction cell,” he wrote.

Al Jazeera’s Resul Serdar Atas, reporting from Tehran, said Iran achieved most of what it wanted in the talks in Switzerland because it had conditions for starting the technical talks.

“They were saying that the memorandum of understanding – particularly Articles 1, 10 and 11 – had to be initiated and implemented for the technical talks to move forward,” he said, referring to the sections on ending fighting on all fronts, including Lebanon; waiving US sanctions on Iranian energy exports; and releasing frozen Iranian assets.

“So now that they have decided that technical talks in Switzerland are going to continue throughout the whole week, we see that there is progress,” he added.

Trump’s threats

The roadmap was agreed after a shaky start to the negotiations. Iran’s delegation walked out in response to US President Donald Trump’s threats on Sunday to attack Iran over its support for Hezbollah.

“Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble,” Trump wrote on social media, apparently referring to Hezbollah. “If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!”

Iran hit back with a warning of its own.

“They would do better to be careful with their statements; our armed forces are ready to respond to them in a different manner. No matter what they say, we are the ones who act,” Iran’s chief negotiator, Ghalibaf, said.

Israeli Prime Minister Benjamin Netanyahu, meanwhile, said Israeli troops would remain in southern Lebanon “as long as necessary” and promised that he would “not allow Iran to acquire nuclear weapons”.

By Sunday evening, there had been no reports of Israeli attacks or continued fighting as some residents of southern Lebanon cautiously returned to their homes.

The fighting between Israel and Hezbollah has repeatedly threatened to derail peace efforts.

On Friday, planned US-Iranian talks were postponed after Israel launched deadly attacks in Lebanon following the deaths of four of its soldiers in combat.

Israel’s military chief visited troops on Sunday in southern Lebanon, where he said Hezbollah was in a “very difficult position”.

“Hezbollah has suffered a severe and significant blow, and we are committed to remaining prepared to continue operating and prevent its rebuilding,” Lieutenant General Eyal Zamir said.

The overall death toll from the fighting in Lebanon has surpassed 4,100 since it escalated on March 2, the Ministry of Public Health said.

‘Historic meeting’

Vance had earlier hailed “a historic meeting” in Switzerland.

Even as Trump was threatening Iran, Vance told reporters the US president had “asked us to turn over a new leaf to transform our relationship with the people of Iran”.

Flanked by US negotiators Jared Kushner and Steve Witkoff, Vance added: “The question before us now is how much more can we accomplish together?

“Can we turn over a new leaf? Can we change relations in the Middle East permanently?

“Or do we go back to doing things the old way, which is not our preference, but it’s certainly very much something that can happen.”

Lebanon aside, there has been no indication that Iran’s support for armed groups across the region, which has long drawn the ire of the US and Israel, would be addressed in the negotiations.

Speaking on Sunday, Iranian President Masoud Pezeshkian stressed that Tehran would not relinquish its right to enrich uranium although he repeated Iran’s denial that it seeks nuclear weapons.

“We can also state in writing that we have no intention of building a bomb,” he said.

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Oil prices slip as progress in US-Iran talks eases supply concerns

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At the time of writing, Brent crude was down 0.91% at $79.12 a barrel, while US West Texas Intermediate (WTI) crude had fallen 0.70% to $75.32 a barrel.


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Lower crude prices reflected broader investor sentiment in early trading after Qatari and Pakistani mediators said the first round of negotiations between the US and Iran aimed at securing a final agreement to end the conflict had concluded with “encouraging progress”.

A memorandum of understanding signed last week includes a commitment to reach a final agreement within 60 days, an end to fighting on “all fronts” – including in Lebanon – and the reopening of the Strait of Hormuz.

Markets mixed as analysts monitor US-Iran negotiations

Meanwhile, Asian stocks were mixed on Monday, with markets in Japan and South Korea trading higher, while US futures traded lower.

Tokyo’s Nikkei 225 jumped 1.6% to 72,364.82 after reaching a new all-time high of 72,831.73 during intraday trading, helped by technology stocks fuelled by enthusiasm over the global artificial intelligence boom.

Japan’s SoftBank Group, the multinational investment holding company with a strong AI focus, rose 2.4%, while chip equipment maker Tokyo Electron gained 2.3%.

South Korea’s Kospi added 0.4% to 9,084.37 and was trading near record highs, led by AI-related shares. Memory chip maker SK Hynix surged 4.7%.

“We’re seeing another strong market today,” Neil Newman, managing director and head of strategy at Astris Advisory Japan, said. He cautioned that the Japanese market was “probably getting a little stretched” from an investor’s point of view, “especially with what’s going on in the Middle East”.

Hong Kong’s Hang Seng fell 1% to 23,690.86, while the Shanghai Composite Index edged 0.2% higher to 4,098.01.

Additional sources • AP

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‘Encouraging progress’ made as first round US-Iran talks end | US-Israel war on Iran

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The first round of US-Iran talks has ended with both sides agreeing on a roadmap towards a final deal to be reached ‘within 60 days’. Iran said the negotiations resulted in waivers for oil exports and the release of some frozen assets. The parties have also agreed to a ‘de-confliction cell’ to monitor the ceasefire in Lebanon.

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VP Vance: U.S. seeking to ‘transform’ relationship with Iran in Switzerland talks

U.S. Vice President JD Vance (L), Pakistani Prime Minister Shehbaz Sharif (C), and Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani speak ahead of talks between the United States and Iran at the Buergenstock resort in Obbuergen, near Lucerne, Switzerland, on Sunday. Photo by Urs Flueeler/EPA

June 21 (UPI) — U.S. Vice President JD Vance said the United States is looking “to transform our relationship” with Iran but warned Sunday’s renewed talks in Switzerland wouldn’t bring about an immediate resolution to the war.

Vance was joined by President Donald Trump‘s go-to negotiators in the peace talks — Steve Witkoff and Jared Kushner — in the gathering at the Bürgenstock lakeside resort, CNN reported. Pakistani and Qatari mediators were also in attendance, The New York Times reported.

“Never before has the Iranian and American leadership met at such a high level,” Vance told reporters ahead of the talks.

“What the president has asked us to do is turn over a new leaf to transform our relationship with the people of Iran, and to extend an outstretched hand that says to the people of Iran that if your leadership is willing to give up being a driver of regional instability, if they are willing to give up nuclear weapons ambitions for the long term, then the United States is willing to fundamentally transform our relationship with that country,” he said.

“We’ve already made great progress over just the last few hours, and I expect that we will make additional progress in the hours to come.”

Sunday’s gathering in Switzerland is the latest in a series of negotiations between the two countries — and mediators — to attempt to bring an end to a war that began with U.S. and Israeli strikes on Iran on Feb. 28.

Trump signed a peace agreement with Iran on Wednesday while he was in France for the G7 Summit. The 14-point pact included the immediate cessation of fighting by all sides — including in Lebanon — plans to reopen the Strait of Hormuz and an easing of financial restrictions on Iran.

Iran, however, said it closed the strait again Saturday, accusing Israel of launching a fresh round of strikes on Hezbollah, the Iranian-backed militant group in Lebanon. The strikes killed at least 22 people.

Though the fighting between Israel and Hezbollah has been central to a peace agreement between the United States and Iran, neither of the parties were involved in Sunday’s talks in Switzerland.

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US-Iran delegations arrive as talks begin in Switzerland | Conflict News

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US and Iranian delegations have arrived for high-level talks at a hotel in Switzerland. JD Vance, Steve Witkoff and Jared Kushner met Pakistani mediators, while Iranian officials including Foreign Minister Abbas Aragchi and chief negotiator Bagher Ghalibaf met their Swiss hosts.

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US and Iran face make-or-break talks in Switzerland | US-Israel war on Iran

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Iranian and US officials are set for high stakes talks in Switzerland aimed at reinforcing the Memorandum of Understanding framework. Al Jazeera’s Osama Bin Javaid says intense diplomatic efforts have kept negotiations on track, but key disputes remain unresolved.

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Iran war day 114: US, Iranian delegations in Switzerland for key talks | US-Israel war on Iran News

Lebanon to top the agenda as US and Iran to hold talks in Switzerland’s Burgenstock mediated by Qatar and Pakistan.

United States Vice President JD Vance has arrived in Switzerland for talks with Iran days after they signed a memorandum of understanding (MoU) aimed at ending the US-Israel war on Iran, which had sent oil prices soaring above $100 per barrel and rattled international markets.

The latest round of talks mediated by Pakistan and Qatar is scheduled on Sunday as Israel has intensified attacks on Lebanon, killing dozens of people on Saturday.

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Iran’s Islamic Revolutionary Guard Corps (IRGC) announced on Saturday that it was closing the Strait of Hormuz, accusing Israel of violating the ceasefire in Lebanon. The Iranian delegation, including parliament Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi, has also arrived in Switzerland.

Here’s what we know about the conflict, which has entered its 114th day:

Diplomacy

  • The US and Iran are to hold high-level talks in Switzerland’s Burgenstock on Sunday with the US delegation led by Vance. US President Donald Trump’s special envoy Steve Witkoff and his son-in-law Jared Kushner are also part of the US delegation. Before departing for the talks, Vance told reporters he hoped to make “progress on the nuclear issue” and “on the Lebanon ceasefire issue”.
  • Iran’s delegation, led by Ghalibaf and Araghchi, said its main goal is to ensure all parties fully implement the interim deal to end the war.
  • Esmaeil Baghaei, spokesperson for Iran’s Ministry of Foreign Affairs, said the Iranian delegation “will be pressing for implementation” of US commitments outlined in the MoU and “seeking clarity on how exactly the other side intends to carry out those commitments”.
  • Pakistani Prime Minister Shehbaz Sharif and military chief Field Marshal Asim Munir have left for Burgenstock to take part in the talks. “Pakistan will continue to support and advance the implementation of the understandings reached between the Islamic Republic of Iran and the United States,” the Pakistani Ministry of Foreign Affairs said in a statement posted on X.
  • Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani is also expected to take part in the key talks as Israel’s Lebanon attacks threaten to unravel the deal signed electronically by Trump and his Iranian counterpart, Masoud Pezeshkian, on Thursday.
  • Egypt will host a four-way meeting with the foreign ministers of Saudi Arabia, Turkiye and Pakistan amid the Iran-US talks. The group first met in Riyadh on March 18, followed by meetings in Islamabad on March 29 and Antalya on April 18, reflecting growing efforts by regional powers to address crises through regional diplomacy rather than external intervention.

In Iran

  • Mohammad Mokhbar, adviser and assistant to Iranian Supreme Leader Mojtaba Khamenei, warned that Tehran will not accept a paper agreement unless Washington fully implements its commitments. In a post on X, Mokhbar said the US understood pressure in economic terms. “Americans understand the language of economics and cost-benefit better,” he wrote. “When the agreement remains just on paper, the flow of Middle East energy will also come to a halt.”
  • Al Jazeera’s Mohammed Vall, reporting from Tehran, said the delegation from Tehran is going to drive home the idea that Iran is not going to move forward in the implementation of the MoU unless the Israelis abide by the agreement. “They say the Americans bear the responsibility for that and that the Americans have to guarantee that the Israelis comply,” he said.
  • Iran’s ⁠oil ⁠industry will be a key testing ground ⁠for any final peace agreement ⁠with the US if Western parties remain committed to its ‌spirit, Oil Minister Mohsen Paknejad says. The ministry’s Shana news agency quoted Paknejad as ⁠saying that in a ⁠post-agreement era, Iran’s oil sector would offer the global ⁠economy significant investment ⁠opportunities and ⁠has hundreds of investment projects as well as technical ‌and operational partnership contracts ready to be ‌signed.
  • Amir Ghalenoei, the coach of Iran’s national football team, has criticised increasingly difficult preparation conditions for the team before Sunday’s World Cup match against Belgium, saying “conditions have become even harder” than before their opening match with New Zealand. Iran have been based in Tijuana, Mexico, for the tournament and have been travelling to the US for Group G matches due to restrictions on their stay, an issue that has drawn scrutiny throughout the World Cup.

In the US

  • Trump said there will be no tolls for passage through the Strait of Hormuz unless they are collected by the US. This came after the IRGC said it had closed the waterway, through which a fifth of global oil and liquefied natural gas supplies passed before the war.
  • David Sacks, Trump’s technology adviser, has defended the US-Iran MoU, calling it “a tremendous achievement” and a better path than prolonged conflict. Speaking on the All-In Podcast on Saturday, Sacks dismissed calls to escalate, arguing a ground invasion of Iran would make no sense, given Iran’s size and could require as many as a million troops. He branded any such attempt a “suicide mission”.
  • Members of the Democratic Party are continuing to criticise Trump over his handling of the war with Iran. Johnny Olszewski, a Democratic congressman from Maryland, said Trump’s “war of choice” was a “disaster” and argued that the agreement with Iran was already breaking down.

In Lebanon

  • Five people were killed, among them a child, a woman and two elderly people, in an Israeli raid on the village of Sohmor in Lebanon’s western Bekaa Valley, according to the National News Agency (NNA), citing the Ministry of Public Health. Sunday’s report did not specify when the attack took place. Two people of Palestinian origin were killed in Rashidieh in southern Lebanon’s Tyre district, the NNA reported.
  • The Times of Israel reported on Sunday that an Israeli soldier has been killed and 13 others wounded when a barrage of rockets and a drone struck the soldiers’ position in Kfar Tebnit in southern Lebanon.
  • Israeli media reports said Prime Minister Benjamin Netanyahu has ordered invading troops to hold fire in Lebanon except for those engaged in a battle raging on the Ali al-Taher Hills near Nabatieh.

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US-Iran talks to kick off Sunday in Switzerland, says Pakistan | US-Israel war on Iran News

Pakistan says talks between the United States and Iran which were postponed on Friday will begin in Switzerland on Sunday, as Tehran announced it was again closing the Strait of Hormuz because of continued Israeli attacks in Lebanon.

Iran’s foreign ministry spokesman, Esmail Baghaei, confirmed on Saturday that an Iranian delegation, including Parliament Speaker, Mohammad Bagher Ghalibaf, Foreign Minister, Abbas Araghchi and other senior officials, was heading to Switzerland.

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In Washington, Vice President JD Vance confirmed that the top US negotiators Jared Kushner and Steve Witkoff were already in Switzerland working through technical details of anticipated negotiations on Iran’s nuclear programme.

Vance told Fox News that he expects to leave for Switzerland “sometime in the next couple of days” but acknowledged that “it’s always a delicate coordination dance.”

The planned meeting on Sunday will start technical-level negotiations towards a final US-Iran deal. That is after both sides signed a memorandum of understanding (MoU) earlier in the week declaring a permanent end to “military operations on all fronts”, including in Lebanon.

The MoU stipulates that a final deal should be reached within 60 days, “extendable with mutual consent”.

But even getting to the negotiating table following the MoU proved difficult. A round of talks originally planned for Friday was pushed back after Iran failed to send its delegation, as deadly Israeli strikes persisted in Lebanon.

Although Israel agreed to a renewed ceasefire with Hezbollah on Friday, its attacks in Lebanon continued into Saturday, killing at least 32 people, according to Lebanon’s civil defence and state media reports.

On Friday, Israeli attacks killed 83 people and wounded 141, Lebanon’s health ministry said.

Iran’s Islamic Revolutionary Guard Corps (IRGC) on Saturday announced it was re-imposing restrictions on the Strait of Hormuz over Israeli “crimes” in Lebanon and what it called a US violation of commitments to establish a ceasefire.

It warned ship crews not to approach the strategic waterway, saying their security would be at risk ⁠if they do.

Mohammad Mokhber, an adviser to Iran’s supreme leader, warned that the flow of energy in the Middle East would halt so long as the US-Iran agreement “remains only on paper”.

The US military said its forces were still operating in the “general area” of the Strait of Hormuz and “remain present and vigilant” to make sure “all aspects of the agreement with Iran are adhered to”. It said 55 commercial vessels had transited the strait on Saturday and that safe passage was still “intact”.

‘Things are moving backwards’

According to Pakistan’s foreign ministry, Pakistani and Qatari mediators will join the US-Iran talks on Sunday in the Swiss mountain resort of Burgenstock.

Reporting from there, Al Jazeera’s Osama bin Javaid said there has been a flurry of behind-the-scenes diplomatic activity ahead of the formal negotiations, with Qatar’s Prime Minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, already holding meetings. Pakistan’s Foreign Minister, Ishaq Dar, has been holding talks in Egypt and Pakistan’s Interior Minister, Mohsin Naqvi, travelled to Iran.

Iranian foreign ministry spokesman Baghaei has signalled that progress may be scarce until Iran feels the US is living up to its end of the interim deal.

In comments broadcast by Iran’s IRIB, Baghaei said Iran “must naturally be very firm and serious in demanding fulfilment of obligations” considering the US’s past “failure to honour commitments”.

Al Jazeera’s James Bays, reporting from Burgenstock, said there are indications “things are moving backwards from when the MoU was signed”, citing Israel’s continued bombardment of southern Lebanon.

“The Iranians see this as a serious breach of the MoU,” he said. “Their first sanction was by not coming here. They have now utilised their best weapon by closing the Strait of Hormuz.

“Iran believes this tactic will help get things back on track with regard to southern Lebanon,” added Bays.

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China rebukes U.S. deterrence talks with South Korea, Japan

China’s Foreign Ministry spokesperson Lin Jian speaks during a press conference at the Ministry of Foreign Affairs in Beijing, China. Photo by WU HAO / EPA

June 18 (Asia Today) — China expressed strong opposition Thursday to recent U.S. extended deterrence talks with South Korea and Japan, warning that expanded nuclear cooperation could increase the risks of nuclear proliferation and conflict.

Chinese Foreign Ministry spokesman Lin Jian said Beijing was “deeply concerned” about efforts by the United States and Japan to strengthen extended deterrence.

Lin was responding at a regular news briefing to a question about the Japan-U.S. Extended Deterrence Dialogue and the sixth meeting of the U.S.-South Korea Nuclear Consultative Group. Japan and the United States held their talks in Tokyo from June 8 to 9, while Seoul and Washington held their meeting in South Korea.

“Extended deterrence is a product of the Cold War,” Lin said. “Certain countries have strengthened nuclear deterrence cooperation for geopolitical purposes, increasing the risks of nuclear proliferation and nuclear conflict.”

Lin said many countries had expressed serious concern and strong opposition to extended deterrence arrangements during review conferences for the Nuclear Non-Proliferation Treaty.

He reserved his strongest criticism for Japan, which has recently been embroiled in heightened tensions with China.

“Japan has long advocated building a world without nuclear weapons, but in reality, it has continued to increase its dependence on the so-called nuclear umbrella,” Lin said.

He accused Japanese officials of making “dangerous remarks” about potentially acquiring nuclear weapons, saying such discussions pose a serious challenge to the post-World War II international order and the global nuclear nonproliferation system.

Lin urged Japan to reflect on its conduct, fulfill its obligations under the Nuclear Non-Proliferation Treaty, abide by its three non-nuclear principles and refrain from seeking nuclear weapons in any form.

His warnings to the United States and South Korea were less severe.

Lin urged Washington to abandon its “Cold War mentality,” stop what he described as provocative policies and abolish nuclear-sharing and extended deterrence arrangements.

He said the United States should take concrete action to protect regional peace and security and maintain global strategic stability.

Addressing South Korea, Lin said Beijing hoped Seoul would “act cautiously and do more things that contribute to regional stability.”

During the same briefing, Lin also criticized plans by Group of Seven leaders to reduce their dependence on China for rare earth elements and other critical minerals.

He urged the group to follow market economy principles and international trade rules and to stop using the rules of “small groups” to undermine the international economic and trade order.

China has said its export control system is consistent with international practices and intended to protect regional stability and meet its nonproliferation obligations.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260618010006688

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Oil prices fluctuate after U.S., Iran call off talks in Switzerland

June 19 (UPI) — Global oil prices have fluctuated slightly on Friday, briefly reaching back above the $80 per barrel mark for Brent crude, as the United States and Iran called off further talks in Switzerland.

A stall in talks between the United States and Iran have cast doubt over the preliminary peace agreement reached earlier this week. The oil market has begun reflecting that uncertainty early Friday.

Vice President JD Vance was set to travel to Switzerland to continue into the next phase of negotiations with Iran. Vance’s trip has been postponed while Israel has opened up more strikes on Lebanon.

Part of the agreement between the United States and Iran included an end to military operations in Lebanon.

The Swiss foreign ministry said talks between the United States and Iran will no longer take place on Friday as previously planned. The White House confirmed that Vance will not be traveling to Switzerland, citing logistical issues involving negotiations.

Vance said during a press conference Thursday that Iran will not receive “a single penny from the United States.” He added that Iran will not receive any of the benefits from the preliminary agreement unless “they comply fully and change their behavior.”

Overall oil prices are heading toward a second consecutive week of falling prices. August Brent crude oil, the international benchmark, traded at about $80.23 per barrel on Friday morning. July West Texas Intermediate futures, the U.S. benchmark, traded for about $75.96 per barrel.

Altogether, benchmark crude oil is on pace to be down in price by about 8% for the week.

After falling below $4 per gallon on Thursday, the U.S. national average for premium gas edged down to $3.97 per gallon on Friday. The price of gas remains higher than prior to the start of the Iran war. A year ago, the average price of gas was $3.20 per gallon on average, AAA reports.

President Donald Trump presents a Medal of Honor to Tom Ripley on behalf of his father, John W. Ripley, during a Medal of Honor award ceremony in the East Room of the White House on Thursday. Photo by Aaron Schwartz/UPI | License Photo

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Lebanon Ceasefire Agreed After US-Iran Talks Scrapped

Israel and Hezbollah agreed to a ceasefire in Lebanon after escalating violence threatened to derail potential peace talks regarding the ongoing war in Iran. This ceasefire was announced just before 4 p.m. Lebanon time, with a U. S. official confirming that negotiations, facilitated by the U. S. and Qatar with assistance from Iran, had led to this agreement. Both sides indicated they would uphold the ceasefire, with an Israeli official stating that Israel would remain in southern Lebanon but would not engage in conflict unless attacked.

The recent conflict included intense airstrikes that resulted in 18 deaths and injuries to 33 others in Lebanon. Four Israeli soldiers were also killed by Hezbollah. This violence could complicate U. S.-Iran negotiations, as establishing peace in Lebanon is key to a broader agreement. The recent memorandum signed by the presidents of the U. S. and Iran postponed discussions on critical issues like Iran’s nuclear program, granting parties 60 days to agree on a lasting solution or extend the current deal.

Technical talks were planned in Switzerland but were postponed, and officials from both the U. S. and Iran indicated that their respective negotiators would not be attending. Hezbollah lawmakers suggested that further discussions hinge on a complete ceasefire and urged the Lebanese government to reject any negotiations with Israel as long as hostilities continued.

The interim agreement seeks an end to military operations in various regions, including Lebanon, but Israel maintains that it is not a part of these deliberations. The fighting began when Hezbollah fired at Israel, prompting Israeli military responses, including strikes targeting Hezbollah’s positions.

Lebanon’s health ministry confirmed the heavy toll from recent airstrikes, and its President condemned Israel’s actions while emphasizing the commitment to achieve a comprehensive ceasefire. The broader conflict, which originated on February 28 with U. S. and Israeli attacks on Iran, has reportedly resulted in at least 7,000 deaths, primarily in Iran and Lebanon.

Despite the conflict’s impact on oil prices, which had risen due to concerns over regional stability, the signing of the interim deal resulted in a drop in prices as shipping through the Strait of Hormuz resumed. Under the terms of the agreement, Iran will receive economic relief and unfreezing of assets, with negotiators tasked with addressing the status of Iran’s nuclear program and establishing a reconstruction fund within the next 60 days.

In the face of criticism in the U. S., former President Trump defended the deal, arguing that the war had weakened Iran and affirming that the terms would lead to significant concessions from Iran without offering direct financial support.

With information from Reuters

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Swiss-hosted U.S.-Iran talks abruptly postponed

Vice President JD Vance conducts a briefing for the media at the White House in Washington, D.C., on Thursday, June 18, 2026. Photo by Aaron Schwartz/UPI | License Photo

June 19 (UPI) — Scheduled talks to implement the U.S.-Iran memorandum aimed at de-escalating their war have been postponed, Switzerland said Friday, hours before the meeting was to be held.

Bern’s Foreign Ministry said the planned talks have been “postponed.” Neither a reason nor a new date was given.

“Switzerland remains ready to facilitate these talks,” it said in a statement. “The relevant preparatory work at Burgenstock is continuing.”

U.S. President Donald Trump signed the memorandum of understanding Wednesday while in Paris.

Though all of its specifics have not been made public, the MOU stipulates certain conditions, such as the United States lifting its naval blockade and Iran permitting commercial passage through the Strait of Hormuz.

The first round of negotiations on the MOU’s implementation was scheduled for the mountaintop resort of Burgenstock for Friday. The location had been proposed by mediators Pakistan and Qatar, as well as the United States and Iran, with Switzerland to act as a facilitator in the process.

The cause for the postponement was not initially clear.

A White House spokesperson told reporters in a statement that Vice President JD Vance would not be departing the United States to attend the Swiss negotiations.

The spokesperson said that plans for the talks had not been finalized and their logistics had “never been simple or predictable.”

“We look forward to beginning technical talks as soon as possible,” the spokesperson said.

This is a breaking story.

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Israeli strikes kill four in southern Lebanon amid ceasefire talks | News

Drone attacks target vehicles in Nabatieh amid fragile ceasefire negotiations between Iran and the US.

Multiple Israeli strikes have killed at least four people in southern Lebanon’s Nabatieh governorate, according to Lebanon’s National News Agency (NNA), despite a ceasefire and a recent understanding between the United States and Iran to end the war on all fronts.

Tuesday’s killing took place as separate drone attacks targeted two vehicles in Mayfadoun. A third vehicle was also targeted in the village of Shoukin, the agency said.

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Throughout the often fragile negotiations between Iran and the US, Iranian officials repeatedly said that any ceasefire arrangement would need to include an end to Israeli attacks on Lebanon.

While the final text of the memorandum of understanding has not yet been made public, the prime minister of Pakistan, which is acting as one of the mediators in the conflict, said on Monday that the agreement envisaged an immediate halt to military operations “on all fronts, including Lebanon”.

Iran’s Foreign Minister Abbas Araghchi said on Tuesday that Israel’s continued occupation of southern Lebanon would violate the deal, adding that “without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end”.

In a phone conversation with Lebanon’s Parliament Speaker Nabih Berri, Iran’s top negotiator, Mohammad Bagher Ghalibaf, called for the US to compel Israel to end its war on Lebanon, stop home demolitions, and withdraw from occupied Lebanese territory.

Soon after the announcement of the deal between the US and Iran, Israel’s Prime Minister Benjamin Netanyahu said that Israel will continue to occupy southern Lebanon.

Meanwhile, Lebanese group Hezbollah says it has received ⁠assurances ⁠from Iran that Tehran will demand ⁠a withdrawal of Israeli troops from Lebanon ⁠in its next phase of talks with the US, the Reuters news agency reported.

Since the resumption in fighting on March 2, at least 3,826 people have been killed by Israeli attacks in Lebanon and 11,851 wounded, according to the country’s health ministry.

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Andy Pages talks about his difficult burden

Andy Pages discusses his family in Cuba

From Liana Handler: As he drives home from Dodger Stadium, Andy Pages, an immigrant in a city of immigrants, runs through questions to ask his family in Cuba. How is Mantua, a town of 23,000 people tucked in the northwesternmost part of the island? Is the power on? Is everyone safe?

Sometimes, the WhatsApp messages Pages sends his family read as delivered. The hardest days are when the messages don’t deliver, and his phone calls go straight to voicemail, he said. Somewhere in the back of his head, a voice whispers: Something must have happened.

Unlike his teammates — both American and those on visas — Pages is distinctly cut off in the United States, where he lives with his wife, Alondra, but is separated from his parents and sister in Mantua. The third-year Dodgers center fielder is making $800,000 this year but can’t spend his money on flights home or on bringing his family to the country where he plays baseball. The tense relations between the U.S. and Cuba — the Trump administration has imposed economic sanctions and made diplomatic threats — don’t allow for that.

So as the phone dials, Pages is put through the agony of not knowing, hoping he doesn’t have to experience the hell of something bad happening.

“I haven’t found any way that gives me that tranquility and peace,” he told The Times in Spanish two weeks ago. “Because the way things are there, what’s always on your mind is that it could happen. Anything, any time. And I have all my family in Cuba. So, you have to live with that worry all the time.”

Pages — one of 34 Cuban players in MLB — is a quiet, private person. He doesn’t dwell for long in the good or the bad. Keeping his thoughts from drifting too much, even about Cuba, has propelled his career forward.

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Dodgers lose to White Sox

From Maddie Lee: Dodgers left-hander Jack Dreyer rubbed a new baseball between his hands as he walked back to the mound, a sold-out Rate Field coming alive around him.

Fireworks crackled over the center-field scoreboard. Digital pinwheels spun. Dreyer had just surrendered his second home run of the inning, transforming a low-scoring battle into a lopsided White Sox advantage.

The Dodgers’ recent bullpen problems persisted in a 6-4 loss Sunday, overshadowing a bounce-back effort from Emmet Sheehan. The Dodgers tried to come back in the ninth, but fell short.

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Go beyond the scoreboard

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Angels’ winning streak ends

Junior Caminero hit a tiebreaking two-run homer in the eighth inning, and the Tampa Bay Rays avoided a series sweep with an 8-3 victory over the Angels on Sunday.

Victor Mesa Jr. added a two-run homer later in a five-run eighth for the Rays, who have won four of six despite losing the first two in their weekend visit to Angel Stadium. Ben Williamson connected early for his second career homer.

Cedric Mullins drew a leadoff walk from Sam Bachman (1-1) before Caminero hit his 15th home run to left field, ending his 10-game homer drought. Hunter Feduccia added an RBI single before Mesa hit his third career homer off Bachman, who hadn’t allowed a homer since May 5.

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Angels box score

MLB standings

U.S. sees win as start of something big

From Kevin Baxter: The U.S. men’s soccer team isn’t only trying to win games in this World Cup. It is trying to win hearts and minds as well.

“We want the game to grow,” star midfielder Christian Pulisic said. “We want to get Americans excited to watch this game, to watch our team. That’s obviously a big goal of ours. And being successful would give that the best boost.”

The Americans certainly got a great start Friday, opening the second World Cup played on U.S. soil with a dominant 4-1 win over Paraguay. It was one of the most complete performances the American men have had on the sport’s biggest stage, with Folarin Balogun scoring twice, Pulisic setting up two goals, and just one momentary lapse on defense separating goalkeeper Matt Freese from a shutout.

The U.S. passed well, defended well and, most important, was clinical and dangerous in front of the net, finishing well.

“It was a real statement,” Balogun said. “And that’s what we wanted. I’m very delighted with the overall performance.”

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L.A. museum highlights Jewish roots that shaped world’s most popular soccer styles

Click here for complete TV schedule, groups and players to watch

Sunday’s World Cup results

Group E
Germany 7, Curacao 1
Ivory Coast 1, Ecuador 0

Group F
Netherlands 2, Japan 2
Sweden 5, Tunisia 1

Today’s World Cup TV schedule

All times Pacific
9 a.m., Spain vs. Cape Verde, Fox, Telemundo
Noon, Belgium vs. Egypt, Fox, Telemundo
3 p.m., Saudi Arabia vs. Uruguay, FS1, Telemundo
6 p.m., Iran vs. New Zealand, FS1, Telemundo

World Cup Group standings

Group A
Country, W-D-L, Goal Differential, Points
Mexico, 1-0-0, +2, 3
South Korea, 1-0-0, +1, 3
Czechia, 0-0-1, -1, 0
South Africa, 0-0-1, -2, 0

Group B
Switzerland, 0-1-0, 0, 1

Canada, 0-1-0, 0, 1
Qatar, 0-1-0, 0, 1
Bosnia-Herzegovina, 0-1-0, 0, 1

Group C
Scotland, 1-0-0, +1, 3
Morocco, 0-1-0, 0, 1
Brazil, 0-1-0, 0, 1
Haiti, 0-0-1, -1, 0

Group D
United States, 1-0-0, +3, 3
Australia, 1-0-0, +2, 3
Turkiye, 0-0-1, -2, 0
Paraguay, 0-0-1, -3, 0

Group E
Germany, 1-0-0, +6, 3
Ivory Coast, 1-0-0, +1, 3
Ecuador, 0-0-1, -1, 0
Curacao, 0-0-1, -6, 0

Group F
Sweden, 1-0-0. +4, 3
Japan, 0-1-0, 0, 1
Netherlands, 0-1-0, 0, 1
Tunisia, 0-0-1, -4, 0

No games played yet for the remaining groups

Group G
Belgium
Egypt
Iran
New Zealand

Group H
Spain
Cape Verde
Saudi Arabia
Uruguay

Group I
France
Senegal
Iraq
Norway

Group J
Argentina
Algeria
Austria
Jordan

Group K
Portugal
Congo DR
Uzbekistan
Colombia

Group L
England
Croatia
Ghana
Panama

Carolina wins the Stanley Cup

Carolina spent the first part of the Stanley Cup Final surviving, finding ways to overcome deficits and play a high-scoring game that didn’t fit the Hurricanes’ typical style.

But when it came down to doing what it takes to win the Cup, the Hurricanes’ defense put its stamp on this series, shutting down the Vegas Golden Knights and not letting up.

The Hurricanes held Vegas to five total goals in Games 4 and 5 and used a suffocating defense in a 3-0 shutout in Sunday night’s clinching Game 6 to win their first championship in 20 years.

“That’s a lot of years,” said Carolina center Jordan Staal, who received the Conn Smythe Trophy as playoff MVP. “It’s amazing. This is something I’ve been going after ever since we got the first one. You want to win it again and again and again. What a feeling, what a battle. The boys were grinding today, my goodness. So many individual efforts just to keep the puck out of our net. It was an amazing ride. I’m just so proud of these guys.”

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Game 6 summary

Concussions are on the rise in the WNBA

From Marisa Ingemi: Ariel Atkins’ head whipped back. After taking an elbow from Indiana’s Monique Billings on May 13, the Sparks’ team doctors spotted the potential for a head injury and sent her to the locker room.

It was the second concussion of her career, but she didn’t know that at the time. All she knew was that her head hurt.

“You just don’t feel like yourself,” Atkins said. “It’s hard to even be a part of society. Luckily, this wasn’t a serious one.”

There have been eight diagnosed concussions in the WNBA already this year after just a quarter of the season. There were eight total in 2025, four in 2024 and six in 2023.

The “why” could be bad luck, better awareness in diagnosing concussions or something else. Atkins thought the lack of game flow because of new officiating standards might be making things harder.

“You would think it should be down,” Atkins said. “Maybe there is no rhythm when there are stoppages.”

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This day in sports history

1901 — Willie Anderson edges Alex Smith by one stroke in a playoff to take the U.S. Open.

1947 — Lew Worsham beats Sam Snead by one stroke on the final hole of a playoff to win the U.S. Open.

1951 — Joe Louis scored his last knockout victory.

1957 — Dick Mayer beats defending champion Cary Middlecoff by seven strokes in a playoff to win the U.S. Open.

1969 — Orville Moody shoots a 281 to beat Deane Beman, Al Geiberger and Bob Rosburg by one stroke and capture the U.S. Open.

1970 — Shirley Englehorn wins the LPGA championship with a four-stroke victory over Kathy Whitworth in the playoff round.

1980 — Jack Nicklaus wins his fourth U.S. Open with a record 272 for 72 holes.

1984 — American boxer Thomas Hearns retains WBC light middleweight title with 2 round KO of Roberto Durán of Panama at Caesar’s Palace, Las Vegas; marks first time in his illustrious career Durán knocked out.

1985 — Pinklon Thomas knocks out Mike Weaver in the eighth round to defend his World Boxing Council heavyweight title at the Riviera Hotel and Casino in Las Vegas.

1986 — Ray Floyd, 43, beats Chip Beck and Lanny Wadkins by two strokes to become the oldest golfer to win the U.S. Open. It is Floyd’s fourth and final major victory.

1987 — Michael Spinks TKOs Gerry Cooney in 5 for The Ring heavyweight boxing title at Convention Hall, Atlantic City, New Jersey.

1991 — Carl Lewis, one jump away from losing his 64-meet winning streak in the long jump, comes through with a dramatic victory when he soars 28 feet, 4¼ inches to pass leader Mike Powell by a half-inch in the U.S. Championships in New York.

1996 — Roy Jones Jr. completes a unique doubleheader, successfully defending his IBF super middleweight title after playing in a pro basketball game. Jones stops Eric Lucas in the 11th round after scoring five points in a United States Basketball League game in the afternoon, helping the Jacksonville Barracudas beat Treasure Coast 107-94.

1997 — Ernie Els wins his second U.S. Open championship in four years, finishing one stroke ahead of Colin Montgomerie. Els has the shot of the day on the 480-yard 17th hole when he hits a 5-iron from 212 yards to just 12 feet on the peninsula green.

2001 — The Lakers beat Philadelphia 108-96 in Game 5 of the NBA Finals to complete the best playoff run in NBA history. The Lakers, who finish the playoffs with a record of 15-1, are the first to go through the playoffs undefeated on the road.

2003 — NBA Finals: San Antonio Spurs beat New Jersey Nets, 88-77 in Game 6 for franchise’s second title; MVP: Tim Duncan.

2003 — Jim Furyk wins his first major championship and put his name in the record books, matching the lowest 72-hole score in the 103 years of the U.S. Open. Furyk closes with a 2-over 72 to win by three shots over Stephen Leaney of Australia.

2004 — Detroit beats the Lakers 100-87 in Game 5 of the NBA Finals for the Pistons’ first championship in 14 years.

2008 — Down to his last stroke at Torrey Pines, Tiger Woods sinks a 12-foot birdie putt to force an 18-hole playoff against Rocco Mediate for the U.S. Open. They finish at 1-under 283, the first time since 2004 that someone breaks par in a U.S. Open.

2011 — The Boston Bruins win the Stanley Cup for the first time since 1972, beating the Vancouver Canucks 4-0 in Game 7 of the finals.

2014 — Martin Kaymer of Germany wins the U.S. Open after four days of dominance at Pinehurst No. 2. Kaymer finishes with an eight-shot victory over Rickie Fowler and Erik Compton and becomes the seventh player in the 114 years of the U.S. Open to go wire-to-wire.

2014 — The San Antonio Spurs win their fifth NBA championship, beating the Miami Heat 104-87 to win the series in five games.

2015 — Chicago’s Duncan Keith scores in the second period and directs a dominant defense that shuts down Tampa Bay’s high-scoring attack, and the Blackhawks beat the Lightning 2-0 in Game 6 for their third NHL title in the past six seasons.

2018— Christiano Renaldo, Portugal, scores a hat-trick in Portugal’s 3-3 tie with Spain in the World Cup. Renaldo becomes the fourth player to score in four different Worlc Cups and the first to score in eight consecutive major tournaments.

2019 — In a blockbuster NBA trade, the New Orleans Pelicans send forward Anthony Davis to the Lakers for Brandon Ingram, Lonzo Ball, Josh Hart and 3 future first-round draft picks.

Compiled by the Associated Press

This day in baseball history

1902 — Corsicana defeated Texarkana 51-3 in a Texas League game. Nig Clark of Corsicana took advantage of the small park and hit eight homers. Some telegraph operators, thinking there was a mistake, reported the score as 5-3.

1925 — The Philadelphia Athletics went into the last half of the eighth inning trailing 15-4 and scored 13 runs to defeat Cleveland 17-15.

1938 — Four days after pitching a no-hitter against the Boston Braves, Johnny Vander Meer of the Cincinnati Reds pitched his second straight no-hit game, defeating the Dodgers 6-0 in the first night game played in Brooklyn.

1952 — The St. Louis Cardinals, down 11-0 entering the fifth inning, came back for a 14-12 triumph over the New York Giants in the first game of a doubleheader and set a National League record for best comeback.

1963 — San Francisco’s Juan Marichal pitched a no-hitter against Houston for a 1-0 victory, the first Giants no-hitter since Carl Hubbell’s in 1929.

1976 — The Pittsburgh Pirates and Houston Astros were “rained in” at the Houston Astrodome as 10 inches of rain fell on the city. Only members of both teams were able to make it to the stadium. Umpires, fans and stadium personnel were unable to make it through the water.

1980 — Cleveland Indian Jorge Orta collected six hits, a double and five singles, and scored four times in a 14-5 triumph over the Minnesota Twins. Toby Harrah had seven RBIs.

1992 — Jeff Reardon broke Rollie Fingers’ career save mark of 341 when he preserved a 1-0 victory for the Boston Red Sox with one scoreless inning against the New York Yankees.

2002 — A double in the fifth inning of Texas’ 4-0 loss to Houston gave Rafael Palmeiro 1,000 career extra-base hits. He became the 25th major leaguer to reach that mark.

2016 — Miami’s Ichiro Suzuki raised his career total in the Japanese and North American major leagues to 4,257, passing Pete Rose’s record Major League Baseball total. Suzuki had two hits for the Marlins in a 6-3 loss to the San Diego Padres, Suzuki had 1,278 hits for Orix in Japan’s Pacific League (1992-00) and has 2,979 with Seattle, the New York Yankees and Marlins. His first hit Wednesday was on a dribbler in the first. His second was a double into the right-field corner in the ninth.

2016 — Atlanta’s Freddie Freeman hit for the cycle in a 9-8, 13-inning win over Cincinnati.

2018 — The Arizona Diamondbacks beat the staggering New York Mets 7-3. The freefalling Mets dropped four consecutive, 12 of 13 and 19 of 23. After starting the season 11-1, the Mets (28-38) went from 10 games over .500 to 10 games under earlier than any team in major league history. The previous mark was held by the 2011 Marlins, who did it in their 76th game.

2020 — The impasse over the resumption of the MLB season gets deeper, as CommissionerRob Manfred now states that there may not be a season at all. It was expected that he would decree a 50-game season, as allowed by the March 26th agreement between the MLBPA and owners, but he is now reluctant to do so.

2022 — The Astros are the first team to throw two immaculate innings in the same game, as Luis Garcia strikes out the side on nine pitches in the 2nd, and Phil Maton repeats the feat in the 7th. In both cases the three batters for the Rangers are the same: Nathaniel Lowe, Ezequiel Duran and Brad Miller. Garcia and Maton are respectively the 8th and 9th pitchers to accomplish the feat for Houston.

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.

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EU set to hold membership talks with Ukraine | European Union

NewsFeed

The European Union will begin accession talks with Ukraine and Moldova after Hungary’s new government withdrew its veto, paving the way for negotiations. Both countries believe EU membership would provide them with greater security against Russian aggression.

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