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South Korea’s elderly population exceeds 20% for first time

Elderly people line up to receive free meals outside the Tapgol Park in Seoul, South Korea, 10 July 2026. According to the Ministry of the Interior and Statistics, the proportion of Seoul’s 9.3 million residents aged 65 or older has exceeded 20 percent, and it is projected that one in three Seoul residents will be 65 or older by 2040. JEON HEON-KYUN/ EPA

July 28 (Asia Today) — South Korea’s elderly population exceeded 20% of the country’s total population for the first time in 2025, while the share of working-age residents fell below 70%, government data showed Tuesday.

The figures illustrate the accelerating transformation of South Korea’s population as low birth rates and rapid aging reduce the number of children and economically active adults.

South Korea’s total population stood at 51.817 million as of Nov. 1, up 12,000, or 0.02%, from a year earlier, according to the 2025 Population and Housing Census released by the National Data Agency.

The number of South Korean nationals declined by 50,000, but the foreign population increased by 70,000, preventing the country’s total population from falling.

Population growth has continued to slow. After declining in 2021 and 2022 during the COVID-19 pandemic, the population increased 0.2% in 2023 and 0.1% in 2024. Growth slowed to 0.02% in 2025.

The number of South Korean nationals has fallen for five consecutive years since 2021, largely because of the country’s persistently low birth rate.

The foreign population rose 3.2% to 2.11 million, driven partly by increases in international students and seasonal workers. Foreign residents accounted for 4.1% of the total population.

Elderly population rises sharply

The number of people age 65 and older increased by 601,000, or 5.9%, to 10.723 million.

Older residents accounted for 20.7% of the population, exceeding the 20% threshold for the first time.

A country is generally classified as a super-aged society when at least 20% of its population is age 65 or older.

By comparison, the population age 14 and younger fell by 196,000 to 5.225 million, representing 10.1% of the total.

The number of older residents was more than twice the number of children.

South Korea’s working-age population, defined as people ages 15 to 64, decreased by 393,000 to 35.87 million.

The group accounted for 69.2% of the population, falling below 70% for the first time since the current census series began in 2015.

The decline could increase pressure on South Korea’s labor market, pension system and healthcare services as fewer working-age people support a growing elderly population.

People in their 50s were the country’s largest age group, accounting for 16.7% of the population. Those in their 60s represented 15.3%, followed by people in their 40s at 14.8%.

South Korea’s median age rose 0.6 year to 46.8.

Nearly 3 in 10 adults unmarried

The census also showed continuing changes in South Korea’s marriage patterns.

Of the country’s 43.234 million South Korean nationals age 18 or older, 12.789 million, or 29.6%, had never married.

The number of unmarried adults increased by 54,000, or 0.4%, from a year earlier.

The never-married rate among people in their 30s stood at 54.7%, meaning more than half of South Koreans in that age group had not married.

Among people in their 40s, the rate was 21.9%.

Seoul recorded the country’s highest never-married rate at 37.1%, while South Jeolla Province had the lowest at 22.2%.

— 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=20260728010010244

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Does the US blockade on Cuba make America safer? | Government

NewsFeed

The Trump administration just escalated restrictions on Havana warning that Cuba remains a ‘threat to national security’. A former US policy advisor told Al Jazeera’s ‘This is America’ that he agrees, with Cuban intelligence being among ‘the best’, there is reason for concern.

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Board of Peace says no Israeli withdrawal from Gaza before Hamas disarms | Israel-Palestine conflict News

Netanyahu and board director Maldenov meet amid tensions over Gaza disarmament roadmap and recent Israeli attacks.

The US-led Board of Peace has said that an Israeli withdrawal from Gaza will only take place after the disarmament of Hamas is complete, following a meeting between the body’s director, Nickolay Mladenov, and Israeli Prime Minister Benjamin Netanyahu.

The meeting on Monday in West Jerusalem came as Israeli politicians signalled their displeasure with the deal, announced by US President Donald Trump last Thursday.

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“Contrary to inaccurate reports, we note that the withdrawal of the [Israeli military] beyond the Yellow Line will take place only once decommissioning is complete, as Hamas committed to the mediators,” the Board of Peace, established by Trump in January to oversee the administration of Gaza after Israel’s genocidal war, said. “This applies to light weapons, heavy weapons, and the tunnels alike.”

The “Yellow Line” is the term used to refer to the demarcation line behind which Israeli forces continue to base themselves in Gaza.

“The goal is clear and is not in question: the complete decommissioning of weapons in the Strip and the transition away from rule by the gun to civilian governance,” the Board of Peace added in a social media post after the meeting.

For its part, Hamas has insisted that the deal will not be implemented unless Israel implements its part of the agreement.

During the talks, Mladenov urged Netanyahu to stop attacks on Gaza, two people familiar with the meeting told The Associated Press news agency. Israel has steadfastly refused to do so, despite an October 2025 “ceasefire”, since which it has killed more than 1,200 Palestinians, including more than 36 after the disarmament deal was announced.

Israel has killed more than 73,000 Palestinians in Gaza since its genocidal war began in October 2023.

Palestinians inspect the site of an overnight Israeli strike on a medicine warehouse, according to medics, next to tents sheltering displaced Palestinians, in Deir al-Balah, in the central Gaza Strip, August 1, 2026, residents had been pre-warned by the Israeli military to evacuate. REUTERS/Mahmoud Issa REFILE - ADDS INFORMATION
Palestinians inspect the site of an overnight Israeli strike on a medicine warehouse, August 1, 2026 [Mahmoud Issa/Reuters]

Before the meeting, Netanyahu’s office said that the version of the agreement made public “does not reflect Israel’s positions”, and that its concerns had been shared with the US.

Members of the Israeli prime minister’s far-right government have already signalled that they want to backtrack on the deal.

Finance Minister Bezalel Smotrich said the agreement was “completely different” to the one the Israeli government had approved, and demanded a new vote “immediately”.

Israel has repeatedly flouted agreements and has been accused of being unwilling to make concessions during negotiations. The latest reversal comes despite a push from Trump to secure a deal, but months ahead of an Israeli election in which the government is under pressure from its base to demonstrate it has achieved total victory in Gaza.

Mladenov criticised the strikes over the weekend, without directly naming Israel. “Achieving a lasting peace is hard but achievable if everyone makes their best efforts,” he wrote.

Egypt, Qatar, and Turkiye, which mediated the disarmament deal, issued a joint statement condemning Israel’s targeting of civilians and healthcare facilities as a “flagrant violation of international law”.

Hamas said it and other Palestinian factions remained committed to the completion of the second phase of the ceasefire, and were awaiting a clear, official response from Mladenov and the mediators.

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Trump administration sued by 25 states over new tariffs on trading partners | Business and Economy News

The states claim the new levies are a pretext to re-impose tariffs that were ruled illegal by the US Supreme Court.

A group of 25 Democratic-led states has sued Donald Trump’s administration over its latest tariffs, claiming that the US president has exceeded his legal authority to implement the levies.

The lawsuit, filed in the US Court of International Trade on Monday, targets new double-digit tariffs imposed on 60 trading partners last month over allegations they were not doing enough to stop the importation of goods produced with forced labour.

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These latest tariffs took effect just as the clock ran out on temporary tariffs that Trump had turned to after the Supreme Court struck down his flagship “liberation day” levies in a February ruling.

“After losing at the Supreme Court, the administration is once again trying to illegally raise taxes on families and businesses with a new round of tariffs,” said New York Attorney General Letitia James.

The states that sued over the new tariffs, including Oregon and New York, all have Democratic attorneys general or governors.

In response, White House spokesman Kush Desai said the levies were an appropriate and legal response to unfair trade practices in other nations.

“A foreign country’s failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor is unreasonable and burdens US commerce, including American workers, and must be addressed,” Desai said.

Revive US manufacturing

Trump, who argues that high tariffs will revive US manufacturing, last year overturned decades of Washington policy that favoured lower tariffs and ever-freer trade.

Invoking the 1977 International Emergency Economic Powers Act (IEEPA), he imposed double-digit tariffs on imports from almost every country, saying the US’s longstanding trade deficit amounted to a national emergency.

But the Supreme Court ruled that IEEPA did not authorise tariffs. The decision forced the administration to establish a refund process for importers who had paid the tariffs.

Eager to make up the lost revenue, Trump turned to temporary 10 percent worldwide tariffs, but they expired at midnight on July 24.

The latest round of global tariffs was imposed under Section 301 of the Trade Act of 1974, meant to combat unfair or discriminatory economic practices by other nations. The tariffs imposed in July affect more than 99 percent of US imports.

The states’ complaint, like two previous lawsuits filed by small businesses over the tariffs, argued that the new tariffs used “forced labor” as a pretext to re-impose the tariffs that had already been ruled illegal in court. They said that a sweeping tax on imports would do nothing to address the real problems of forced labour around the world.

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Petrol prices strain US households as oil giants Chevron, Exxon profits soar | Oil and Gas News

United States President Donald Trump has lambasted the nation’s biggest oil and gas giants as Houston, Texas-based Chevron reported record earnings while consumers struggle with soaring petrol prices.

“I don’t like it,” Trump told reporters on Monday in reference to the blockbuster second-quarter earnings, as his war on Iran has kept oil prices high for months.

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“Chevron, too much money. ExxonMobil, too much. Too much money.”

Trump’s comments came on the heels of an interview Chevron CEO Mike Wirth gave on the Fox News programme Sunday Morning Futures with Maria Bartiromo. Writing on his Truth Social platform, the US president berated Wirth for not crediting his administration’s efforts to help the oil industry.

“The only thing he [Wirth] conveniently forgot to mention is that, without the genius, foresight, strength, and stability of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD!”

Chevron reported its highest quarterly profits in six years on Friday. Adjusted earnings per share came to $6.06, or $12bn, as tensions between the US and Iran strained global oil supply chains in the strategically vital Strait of Hormuz, where roughly one-fifth of the world’s energy supply travelled through before the war, sending prices soaring.

Chevron rewarded its employees. Wirth praised them for their work and said in an email that most workers would receive a bonus equivalent to half their monthly base pay, the Reuters news agency reported, citing an internal email.

Al Jazeera has not been able to independently confirm Reuters’ reporting.

Chevron’s strong earnings come as the company is less reliant on Middle Eastern production operations than its competitors, allowing it to reap the benefits of higher global oil prices during the quarter. Brent crude, the global benchmark for oil prices, was 23 percent higher than in the first three months of the year.

“Being less dependent on the Strait of Hormuz is definitely helping them. It’s also the refining they’re able to do here. The fact that Chevron has less than 5 percent exposure there gives it some protection,” Bill Drolet, executive director, mergers & acquisitions at The Post Oak Group investment bank, told Al Jazeera.

“More than 70 percent of Chevron’s production is concentrated in America, and that’s where it’s making its biggest margins right now.”

Chevron also benefitted from the president’s move to open up oil production in Venezuela after US special forces abducted the country’s president, Nicolas Maduro, in January. Chevron had stayed on in the South American nation even after former President Hugo Chavez nationalised oil production.

Chevron did not respond to Al Jazeera’s request for comment.

Competitors also performed well. ExxonMobil on Friday posted its best quarterly profits in four years, but they fell short of analysts’ expectations. Earnings raked in $9.2bn.

Exxon did not respond to a request for comment.

On Thursday, Valero Energy reported its highest ever second-quarter profit, with net income coming in at $3.7bn as US refiners reap the benefits of tensions choking oil production across the Middle East.

But those benefits have not reached consumers, who are feeling the strain at the petrol pump. Petrol prices are above $4 a gallon (3.78 litres) across the US. The average price for a gallon of petrol is $4.09, down from $4.11 this time last week, but up from $3.82 a month ago, according to the American Automobile Association (AAA), which tracks daily petrol prices.

By comparison, when the US and Israel first struck Iran in late February, the average price was $2.98.

An analysis from Bank of America published in April showed consumers spending as much as 4.2 percent of their income on petrol in March, up from 3.9 percent in 2019. Lower-income earners are hit much harder, with more than 10 percent of households spending more than 10 percent of their monthly income on petrol.

This comes as pressure on the US Strategic Petroleum Reserve continues. The reserves hit their lowest level since 1983 this week, according to the Department of Energy. They fell by 2.8 million barrels over the week to 304.8 million barrels.

Political pushback

The condemnation of the oil industry has come from across the political spectrum.

“A decent industry would say, ‘this was money we didn’t earn, it’s a windfall we get from our cartel pricing scheme.’ Not these corrupt, greedy and grasping rogues,” Democratic Senator Sheldon Whitehouse of Rhode Island wrote in a post on X on Sunday.

But lowering prices might not be as easy. Beyond pressure from consumers, companies across the corporate United States are beholden to a concept called shareholder supremacy. This means that while lowering prices might be in the best interest of pinched consumers, it may not be possible given the legal framework and companies’ fiduciary responsibility to shareholders.

“They’ve [oil companies] got shareholders they’re responsible for. They could reduce share buybacks or dividend payouts, but right now, I don’t see oil companies doing much,” Post Oak Group’s Drolet said.

He said if he were advising a member of Congress or the president, providing relief to consumers might be easiest by suspending the so-called gas tax, which varies by state. In Texas, for example, the gas tax accounts for 20 cents per gallon, while in California, it is 63 cents per gallon.

“From a political standpoint, the best thing our government can do is suspend gas taxes, especially in California. If they put a temporary hold on taxes, that would help everybody get through this challenging time.”

Al Jazeera asked the White House if that policy is on the table, but the press office did not respond.

Heading into the US midterm elections, cost of living remains among the highest concerns for consumers. In a Washington Post/Ipsos poll last month, 54 percent of respondents said that high prices and the economy were a chief concern heading into November.

“They see the price of fuel and net profit for Exxon and Chevron and feel that they are abusing US consumers, especially as US consumers have access to the correct fuel, whereas other areas around the world have shortages [such as Germany, Philippines],” Babak Hafezi, professor of international business at American University, told Al Jazeera.

“The reality is that as the war [On Iran] progresses, the impacts of the lack of supply will create full price and supply shocks.”

Amid Trump’s comments, Chevron’s stock is on the downturn in midday trading, tumbling more than 2 percent from the market open. However, it is up more than 1.1 percent over the last five days.

ExxonMobil is down 0.5 percent for the day and 0.1 percent over the last five days.

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Tennis: Philippines’ Eala wins first WTA title, Fritz claims DC crown | Tennis News

Alex Eala rallies past top seed Jessica Pegula in a two-day, rain-hit final, while Taylor Fritz beats teen Rafael Jodar.

Alexandra Eala made history as the first player from the Philippines to win a WTA Tour-level singles title, defeating top seed Jessica Pegula at the Mubadala DC Open before Taylor Fritz claimed the men’s crown.

The 21-year-old Eala rallied to beat world number three Pegula 4-6, 6-4, 6-0 in a weather-disrupted women’s final that spanned two days, ending on Monday.

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Rain had suspended play on Sunday with Pegula leading by a set but trailing 2-1 in the second. Upon Monday’s resumption, Eala dominated, winning 10 of the final 13 games with aggressive baseline play and a formidable serve to seal her breakthrough victory.

“I feel so much love. My first chance at a title, knowing it won’t be the last, and already having achieved this milestone for my career,” Eala said on the court after lifting the trophy in front of a vocal contingent of supporters. “I knew whatever happened after this match would have already been a win for me.”

Pegula, who previously won the DC Open in 2019, praised the young Filipina’s remarkable campaign.

“To see how far you’ve come over the last couple of years… to see the amazing fans that follow you every place you go, it’s not fun to play against, but I think it’s amazing,” Pegula told Eala during the trophy presentation.

In the men’s final, American Taylor Fritz earned his 11th career ATP title by defeating 19-year-old Spanish rising star Rafael Jodar 7-6(2), 6-4.

Fritz, returning to peak form following a knee injury that sidelined him earlier this season, produced a steady performance behind his serve, winning 81 percent of his first-serve points.

The 28-year-old American edged a tight opening-set tiebreak before securing the decisive break in the second set to seal his first title of 2026.

The double bill concluded a rain-plagued week in the US capital as players now head into the North American hardcourt swing ahead of the US Open.

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FAA clears smallest Boeing 737 Max to fly

A Boeing Max 737 is seen on display in 2018 at the Farnborough International Air Show in Farnborough, United Kingdom. The Federal Aviation Administration has certified the Boeing Max 737 7 model to fly after years of delays. File Photo by Cityswift/Flickr

Aug. 3 (UPI) — After years of delays, the Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest model in that line, to fly passengers.

The FAA delayed the certification for reasons including the redesign of an engine anti-icing system and other safety and manufacturing issues. In addition, there was increased inspection after Max 8 models, which had already been certified, crashed in 2018 and 2019.

“The approval reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane’s design and supporting safety analyses,” the FAA said in a statement.

“Throughout the process, the FAA performed or directly reviewed significant work involving flight controls, system safety assessments, human factors, flight-crew alerting and other novel, complex or safety-critical areas, while also requiring testing, design changes, and additional analysis when necessary.”

Airlines will now need to work the planes into schedules, so it may take a while before passengers see them. They had originally expected to have the Max 7 models flying before the COVID-19 pandemic.

“This important certification validates the rigor of our airplane’s design and recognizes the determination and resilience of our 737 MAX development team,” said Stephanie Pope, Boeing Commercial Airplanes president and CEO, in a statement Monday.

Boeing’s stock rose about 8% in Monday afternoon trading following the news.

The company is still waiting on certification of the 737 Max 10 model, the largest in the line, which has also been delayed for years.

In mid-July, the FAA resumed allowing Boeing to issue airworthiness certificates for its 737 Max aircraft and 787 Dreamliners. The manufacturer lost that authority after the Max 8 crashes, which killed more than 300 people. It has since escalated production of those airplanes.

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Hundreds of migrant minors stranded in Ceuta after border crisis | News

Migrant children in Ceuta suffer loss, hunger in hope of a safer life in mainland Europe.

Hundreds of unaccompanied minors are stranded in Ceuta in North Africa, following the massive surge of migrants who swam around the border fence with Morocco to reach the Spanish territory.

Some of the children are traumatised after witnessing family members drown in the Mediterranean Sea, as tens of thousands left Morocco in search of better opportunities.

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An estimated 3,000 to 5,000 migrants, of the roughly 60,000 who arrived in Ceuta on Thursday, have avoided expulsion.

More than 800 unaccompanied minors are among the remaining migrants and face an uncertain future.

A 17-year-old girl from Tangier told the Associated Press she saw Spanish police pulling the body of her eight-year-old brother from the sea when she made it to shore. She was also separated from her mother during the journey.

“I saw people stepping on the dead,” she said through a translator. “Now we are children begging on the street.”

After finding a government facility for youths in need full, she is now relying on locals for food and shelter.

Minors must be cared for under Spanish law

Spanish law says adult migrants can apply for asylum, but the bar is normally set very high for Moroccans to be granted humanitarian protection. If rejected, they will face expulsion procedures.

Article 35 of Spain’s 2000 law on foreigners’ rights states that when police identify young children and teenage migrants who are unaccompanied by adults, the minors must be granted protection and receive “immediate attention’ from Spanish child protection services.

An AP journalist saw Spanish soldiers escorting an unaccompanied Moroccan boy who was crying and begging not to be sent back. Due to pressure from local residents who insisted he was a minor, the boy was transferred to the Spanish Civil Guard instead of being repatriated.

Most of the Moroccan adults who arrived last week have either voluntarily gone home or were pushed back by Spanish police. Among the remaining in Ceuta are significant numbers of people from other countries, including Sudanese fleeing their war-torn country, Palestinians from Gaza, Afghans and people from several African nations.

The city’s migrant centre is full — it has a capacity for 600 people. Food is scarce among the migrants, according to reporting by AP and AFP.

Many are sleeping outside or resting on the beach or on the hills surrounding Ceuta. In the hazy distance, mainland Europe, their ultimate goal, lies across the sea.

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Florida firm to pay $14M over ‘bogus’ Medicare diagnoses

Aug. 3 (UPI) — Florida-based Complete Health will pay a $14.1 million settlement stemming from allegations that it inflated patient diagnoses to overcharge Medicare, the Justice Department said Monday.

DOJ officials said from 2020 to 2023, the company routinely added bogus diagnosis coding to its billing — saying its patients had drug and alcohol dependencies as well as bipolar disorder — that “were not clinically valid.”

Under Medicare Part C, also known as Medicare Advantage, the government pays a fixed monthly rate to private health providers depending on the severity of a patient’s diagnosis.

This differs from Medicare parts A and B, in which a provider is paid fees per service.

DOJ said the Complete Health added the false diagnoses to receive a higher monthly premium per patient.

“Companies that attempt to improperly boost their own profits by reporting bogus medical conditions of Medicare Advantage enrollees — as alleged in this case — will be held responsible for their actions,” said Special Agent in Charge Isaac Bledsoe, of the Department of Health and Human Services Office of Inspector General, in a statement.

“Today’s settlement demonstrates our office’s commitment to safeguarding the integrity of federal health care programs, including Medicare Advantage, which exist to provide necessary care to enrollees, not as a vehicle for improper financial gain,” Bledsoe added.

Complete Health is a management services organization based in Jacksonville that operates in Florida, Alabama and Colorado.

“This settlement sends a strong message to our district, its residents, and medical providers doing business here, that our focus on this vital practice area has not wavered,” said U.S. Attorney Gregory Kehoe, of the Middle District of Florida, in a statement.

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Israel top court hears challenge to UNRWA ban | Newsfeed

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Israel’s highest court heard a constitutional challenge to legislation banning UNRWA’s operations in Israel. Supporters said the laws are necessary for national security, while rights advocates argued they jeopardise access to aid and basic services for millions of Palestinians.

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Capital One closed Trump Org accounts over money laundering concerns

President Donald Trump and his son Eric Trump, walk to Marine One on the South Lawn of the White House, on April 10 in Washington, D.C. Capital One attorneys said in court documents that the bank closed the Trump Organization’s accounts over concerns about money laundering. File Photo by Al Drago/UPI | License Photo

Aug. 3 (UPI) — Capital One attorneys said in court documents that the bank closed the Trump Organization’s accounts over concerns about money laundering.

Attorneys for the bank have asked a federal judge to dismiss a lawsuit brought by President Donald Trump over it closing hundreds of Trump Organization accounts in 2021. The motion filed by Capital One on Friday clarifies that money laundering concerns were the reason the accounts were closed.

“The closures were the result of months of analysis and a careful review by Capital One’s [anti-money-laundering] team in accordance with bank policies and regulatory guidance,” the court files read.

Trump argues that banks have “debanked” him and other conservatives for their political views. This followed the Jan. 6, 2021, riot at the U.S. Capitol. He has also filed a lawsuit against JPMorgan Chase for the same allegations and sought $5 billion in damages.

Capital One argues that the Trump Organization’s accounts were closed in a lawful manner.

“Instead, Plaintiffs attempt to keep their misguided allegations of political discrimination alive by speculating that Capital One’s anti-money laundering concerns were pretextual and claiming that Plaintiffs were somehow ‘misled’ by the contractually permitted closure decision,” the court filings read.

The bank adds that its contracts with clients give it the discretion to close any account “at any time, for any reason or no reason and without notice.”

About 385 accounts with ties to the Trump Organization, Executive Vice President Eric Trump and other affiliated businesses were closed in total.

In March, U.S. District Judge Roy Altman granted a previous motion by Capital One to dismiss the initial lawsuit that allowed Trump a limited window to refile. Trump and plaintiffs since filed an amended complaint that Capital One says suffer from “the same fundamental flaws as their prior two pleadings.”

If Capital One’s latest motion for dismissal is granted, the Trump Organization will be barred from filing another lawsuit.

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Flash flooding warning issued for New York City

Aug. 3 (UPI) — A flash flooding alert has been issued for New York City and parts of Long Island through Monday evening.

The National Weather Service warns that heavy storms battering the area could reach as much as 2 inches per hour throughout all of the city’s boroughs and Nassau County.

“Excessive runoff may result in flooding of rivers, creeks, streams, and other low-lying and flood-prone locations,” the NWS warning said.

Heavy rain and scattered thunderstorms are expected to ease by Monday evening.

“Summer storms can arrive with little warning, bringing flash flooding, downed tree limbs and dangerous lightning,” Mayor Zohran Mamdani said in a statement.

“I urge every New Yorker to stay alert, take these storms seriously and head indoors when conditions become unsafe,” the mayor continued. “The best way to protect yourself and your loved ones is to stay informed.”

City officials recommend New Yorkers allow extra travel time and avoid driving through flooded streets, as even shallow water can stall vehicles.

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Why does Spain have ‘enclaves’ in North Africa? | Migration News

Spain’s two tiny enclaves on the north coast of Africa have long been a flashpoint in its relationship with Morocco, which the territories border.

The only such European territories on African soil, they include the autonomous city enclaves of Ceuta and Melilla, as well as Plazas de Soberanía – a group of rocky islands off the Moroccan coast, which include the Chafarinas Islands, Alhucemas Islands and Penon de Velez de la Gomera.

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While Spain says it owns these enclaves, Morocco does not recognise Spain’s sovereignty over them and has been demanding their return since independence from France in 1956.

The territorial dispute has resulted in long-standing political tensions between Spain and Morocco.

Last week, after more than 50,000 migrants surged over the border into the Spanish enclave of Ceuta, those tensions between Madrid and Rabat intensified. While most have since returned to Morocco, several thousand remain in Ceuta this week.

So why does Spain have these territories at all and what does their future hold?

Here’s what we know:

Why does Spain have enclaves in North Africa?

The enclaves of Ceuta and Melilla, along with a few islets off the coast of Morocco, constitute the last vestiges of the Spanish colonial empire.

Ceuta first came under Portuguese rule in 1415 before becoming part of Spain in 1580, while Melilla was conquered by a Spanish nobleman in 1497. Ceuta remained under Spanish control after Portugal regained independence in 1640 following a long war.

“Spain reached its greatest extent in Latin America, and with the loss of Cuba, Costa Rica and the Philippines in 1898, it shifted its influence to Africa, although most European colonial powers had already divided it among themselves,” explained Yolanda Aixelà Cabré, an anthropologist at IMF-CSIC in Barcelona.

After the decolonisation of Africa in the last century, Ceuta and Melilla remained the only European-held territories on the African mainland. Although geographically in Africa, the enclaves are considered Spanish territory and form part of the EU’s external border.

“For Spain, maintaining these enclaves [on the northern coast of Africa] is fundamental on a symbolic level because they reinforce Spanish grandeur, its imperial past which the State continues to consider a bearer of civilisation in contrast to barbarism, a notion perfectly encapsulated by the repetitive discourse that [Christopher] Columbus, representing the Catholic Monarchs, ‘discovered’ America,” she said.

Why didn’t the enclaves pass to Morocco on independence?

Selim Balouati Lakhloufi is a historian and researcher specialising in the history of North Africa and the Rif mountainous region in northern Morocco, which stretches along the Mediterranean coast from Tangier to the border with Algeria. He said Ceuta and Melilla continue to exist as separate territories because their origins “predate modern Morocco”.

“They are enclaves that have been occupied for centuries,” he told Al Jazeera.

But since gaining independence from France in 1956 – which Spain recognised while retaining its enclaves – Morocco has consistently maintained that the territories of Ceuta and Melilla, which it calls “Sebtah and Melilah”, and the Plazas de Soberanía, are part of its territory and has been demanding their return.

“This has always been used by the Moroccan political class as a point of criticism against Spain,” Lakhloufi said.

Samir Bennis, a Washington, DC-based senior political adviser who is also the co-founder of Morocco World News and an expert on Morocco’s foreign policy, said since independence, Morocco’s territorial claims over Ceuta and Melilla have frequently been at the centre of tricky relations between Spain and Morocco.

“Perhaps this issue would not have had the same detrimental effect on bilateral relations had Moroccan leaders shown greater determination in the early 1960s, during the height of the decolonisation period, to bring the matter before the United Nations and seek recognition of these two cities as colonial territories that should be liberated from any foreign presence,” he said.

He explained that there are, however, two important factors which led the Moroccan authorities to refrain from pursuing this course in their efforts to restore the country’s territorial integrity.

“The first was the sheer scale of the territorial disputes between Spain and Morocco. Given the difficulty Morocco faced in simultaneously contesting Spanish control over several territories, the Moroccan government decided to proceed gradually in its efforts to recover the parts of Moroccan territory that remained under Spanish rule.”

“The second factor that led the Moroccan leadership to postpone addressing the question of Ceuta and Melilla was the willingness shown by the Spanish authorities to resolve their territorial disputes with Morocco progressively. In the end, this strategy proved highly beneficial for safeguarding Spain’s interests in the two cities,” Bennis added.

How strong is Morocco’s claim to these enclaves?

Morocco’s claim to the territories is relatively weak, Bennis said. But “the country can invoke a range of historical, geographical and human arguments that cast doubt on Spain’s position”.

Jamie Trinidad, a fellow and director of studies in law at Wolfson College, Cambridge University, also said that Morocco’s claim to the territories is weak under international law. “It is a political, rather than a legal, claim, similar to Spain’s claim to Gibraltar, which lies across the strait from Ceuta,” he said. Gibraltar is a British Overseas Territory.

“In the 1970s, Morocco asked the UN to include the territories on the list of ‘Non-Self-Governing Territories’ overseen by the UN’s Special Committee on Decolonisation, but the Moroccan request was ignored by the UN,” he added.

What do people living in these enclaves want?

Around 84,000 people live in Ceuta and 86,000 in Melilla.

In Spanish possession since 1580, Ceuta is home to a mixed population of Christian and Muslim, Spanish and Moroccan residents and day workers who live and work in relative harmony.

But after more than 50,000 migrants entered Ceuta illegally last week, divisions and tensions in the enclave have risen.

Hundreds of residents rallied on Sunday – two days after the surge of migrants to Ceuta – to oppose a planned far-right anti-migrant rally, forcing organisers to cancel the event.

“I am half Christian, half Muslim, as many in Ceuta are. We live peacefully together. But the numbers this time were scary,” Ceuta resident Isabel told Al Jazeera over the weekend.

Melilla, which has been in Spanish possession since 1497, is also home to Spanish and Moroccan residents, as well as small Jewish and Sindhi communities, the latter a diaspora of Hindu merchants who arrived following the 1947 partition of India.

The Plazas de Soberania is mainly populated by Spanish military personnel.

Lakhloufi noted that polling shows an overwhelming majority of people living in Ceuta and Melilla wish to remain part of Spain.

“This has been reflected consistently in public opinion and in the absence of any significant political movement advocating a change in sovereignty,” he said. “Even the population with Moroccan origin want to stay as Spanish and European. This is because the social welfare difference between Morocco and the cities it’s really high,” he said.

“At the same time, both cities maintain strong historical, cultural and economic ties with Morocco, making cooperation across the border an important aspect of daily life,” he added.

According to the Spanish government, Ceuta and Melilla are part of the Schengen area, which guarantees freedom of movement within the EU, but are subject to a special Schengen regime. People travelling between the enclaves and mainland Spain undergo separate border checks.

“Schengen checks are carried out on exit by sea or air, the only two routes available. Therefore, no one can travel from Ceuta or Melilla to mainland Spain without being identified by the National Police at the port or the airport. In addition, ferry operators and airlines are required to verify travel documents,” a Spanish government document states.

Will Spain give up these enclaves?

Analysts are divided.

In March 2022, Spanish Prime Minister Pedro Sanchez wrote to the Moroccan king, confirming Spanish support for Moroccan sovereignty over the Western Sahara, which Spain gave up control of in 1975. Sanchez said this was “the most serious, realistic and credible” initiative for resolving the decades-long dispute over the vast African territory and declared “a new stage” in Spain’s strained relations with Morocco.

Cabre said, therefore, that after last week’s overwhelming migrant influx into Ceuta, Spain could ultimately cede sovereignty to Morocco.

“Their [the enclaves] mere presence is an unsustainable historical anomaly at a time when the decolonisation of European states is being promoted at all levels, like European countries returning of items stolen during colonialism and recognising the citizenship rights of their former colonies,” she said.

But Lakhloufi does not expect a fundamental change in Spain’s policy on the enclaves.

“What may change is the way Spain manages its relationship with Morocco, particularly regarding border management, migration and security cooperation. However, tactical adjustments should not be confused with a shift in Spain’s long-standing position on sovereignty. It’s usually Morocco that puts pressure on the borders, not Spain,” he said.

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Migration: Reform U.K. says it will use Royal Navy to stop small boats

Reform U.K. leader Nigel Farage (L) and his Home Affairs spokesman Zia Yusuf (R) at the launch Monday of the party’s “Operation Fortress” policy to stop the influx of migrants to the country arriving on small boats by deploying the Royal Navy. Photo by Tolga Akmen/EPA

Aug. 3 (UPI) — Britain’s Reform U.K. party vowed Monday that if elected it would use the Royal Navy to turn back small boats bringing migrants across from France and Belgium, in what it said would be the largest military operation in the English Channel since World War II.

The policy launched at a news conference in London calls for the military to “intercept” the boats and return them to France or Belgium, with the party claiming “Operation Fortress” had the backing of former senior military brass and that it was in line with international law because its purpose was humanitarian.

Reform U.K. Home Affairs spokesman Zia Yusuf told the BBC that it would be possible for Britain to return the migrants without agreement from France, arguing that international law required they dealt with migrants on their territory and not let them continue onto Britain.

States are permitted to pull people from the sea but can only bring them to another country with the agreement of that country.

Yusuf acknowledged the move could spark a “diplomatic argument” between Paris and London.

Under agreements with the United Kingdom, authorities on the continent prevent thousands of migrants from setting sail for England, but those that do manage it are met by U.K. Border Force and Coast Guard vessels which take the migrants aboard and bring them ashore to ports in the south of England.

The announcement came hours after new Labour Prime Minister Andy Burnham vowed he would be “relentless” in combatting small boat crossings after some 60,000 migrants overwhelmed the border of the Spanish territory of Ceuta on the north African coast on Thursday and Friday.

Britain is separated from Ceuta by the channel, several European countries and more than a thousand miles, but Burnham said his concern was with “the broader issue of the Schengen [free travel] Area and our relationship with it,” saying he would seek regular dialogue with the European Union on the matter.

The Schengen Convention of 1990 abolished border controls across 29 mostly EU member European countries. Migrants arriving in Europe are supposed to be processed in the first safe country they reach but in practice they’re often allowed to move on, via several countries, to their desired destination. Migrants wanting to get to Britain end up in northern France, or the Belgian coast.

Burnham stressed that in order to defeat people trafficking gangs organizing the boat crossings refugees needed “safe routes” of reaching Britain. Currently, people must get to Britain before they can claim asylum, an almost impossible hurdle for nationals of countries from which most migrants hail without resorting to traffickers.

The number of people crossing the English Channel in small boats fell 43% in the first seven months of this year, compared with the same period in 2025, according to Home Office data. However, numbers have fallen in all of the past four years after peaking in 2022.

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Myanmar’s detained Daw Aung San Suu Kyi meets with Red Cross official

Aug. 3 (UPI) — Myanmar’s detained and ousted democratically elected leader Daw Aung San Suu Kyi met with the International Committee of the Red Cross resident representative in Myanmar on Monday morning, the junta-controlled President’s Office said.

Myanmar’s Presidential Press and Information Bureau published four photos of Aung San Suu Kyi, two showing her with Arnaud de Baecque. In one, she is seen shaking his hand. In a second, they are sitting around a coffee table.

A third photo published by the President’s Office is of a birthday cake with the words “Happy Birthday Aunty Suu, 19.6.2026” written in icing on top of the cake. The fourth photo is of Aung San Suu Kyi cutting the pink-and-white cake with a spatula.

The one-sentence statement accompanying the photographs did not provide context for the meeting or say what Aung San Suu Kyi and de Baecque discussed.

Little information and visual evidence of Aung San Suu Kyi have been made public by the junta government since it detained her and seized control of Myanmar on Feb. 1, 2021. It also appears to be the first confirmed meeting with a foreign representative since her detention.

Aung San Suu Kyi is currently serving an 18-year sentence sentence on multiple charges, including corruption and election-related offenses.

In late April, she was moved from prison to house arrest.

This is a developing story.

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Ukraine strikes operations of Russian e-commerce giant Wildberries

A warehouse east of Moscow belonging to Russia’s largest online retailer, Wildberries, was set ablaze after being struck by Ukrainian drones overnight, the second such attack in two days. File photo by Stringer/EPA

Aug. 3 (UPI) — A warehouse east of Moscow belonging to Russia’s largest online retailer, Wildberries, was set ablaze after being struck by Ukrainian drones overnight, the second such attack in two days.

The company confirmed via its Telegram press service early Monday that the logistics center in the town of Khryastovo in Vladimir province, 12 miles southwest of Vladimir, the regional capital, was on fire and had been evacuated.

“Fire crews are working at the scene. Preliminary reports indicate there are no casualties. Logistics operations have been rerouted; the acceptance of deliveries and the dispatch of orders are being handled at other facilities,” the company said.

However, around three hours later the state-run TASS news agency reported three people had been injured in the Wildberries attack, saying it was part of a wider, deadly, airborne assault targeting 10 Russian regions, Crimea and the Black Sea with hundreds of drones.

Sergey Aksyonov, the governor of occupied Crimea in an online update condemned what he called another “barbaric attack by the enemy” overnight that killed three people and injured two others, all civilians.

The Russian Defense Ministry said air defenses downed 131 Ukrainian fixed-wing unmanned aerial vehicles over the Belgorod, Bryansk, Voronezh, Kaluga, Kursk, Lipetsk, Oryol, Smolensk, Tula and Krasnodar Regions between 8:00 p.m. on Sunday and 7:00 a.m. on Monday, Moscow time.

The strike on the Wildberries facility came a day after a blaze at one of the company’s fulfilment centers in Novosemeykino in Samara province, 600 miles southeast of Moscow, after it was hit amid large-scale drone strikes the Ukraine General Staff claimed its forces carried out overnight Saturday and into Sunday.

The attacks caused fires at Engels air base, on the left bank of the Volga River in Saratov province, where Tu-95MS and Tu-160 strategic bombers are stationed, and an oil refinery in the Saratov city. The governor of the region said two people were killed.

The Lyudinovskaya oil depot in Kaluga province to the southwest of Moscow, was also struck, according to the general staff.

Over the past two weeks, Ukrainian forces have repeatedly struck Wildberries’ logistics operations across western and southern Russia.

On July 18, eight employees were killed and more than 60 were injured after warehouse complexes in the Tambov and Moscow regions were attacked.

At least 15 workers at two of the firm’s facilities in the southwest of the country were injured in drone strikes on July 22, according to the company’s CEO and regional officials, and a fulfilment center in Kolyedino was hit and warehouses in Belye Stolby near Moscow were destroyed on July 21.

Kyiv alleges the company forms part of the Russian military’s supply chain, providing it with dual-use products such as two-way radios, body armor and components for drones.

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Dangerous summers: How heatwaves and wildfires change life across Europe | Weather

Europe’s summers are transforming. What were once considered exceptionally high temperatures, such as the near 40 degrees Celsius (104 degrees Fahrenheit) being experienced in Prague, are becoming the norm.

According to Europe’s Copernicus Climate Change Service, late May and June heatwaves brought daily average temperatures of more than 10C (18F) above the norm in parts of France, the United Kingdom and Spain.

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Western European temperatures averaged 20.74C (69F) in June, 3.06C (5.4F) above the 1991-2020 average.

With some temperatures climbing well above 40C, prolonged droughts, destructive wildfires and shrinking rivers are no longer freak events but recurring features of European summers.

Scientists have repeatedly warned that climate change would increase the frequency and intensity of extreme weather. Heatwaves now last longer, arrive earlier and affect more countries simultaneously.

The consequences extend beyond uncomfortable temperatures. They are reshaping ecosystems, economies and daily life across much of the continent.

Wildfires: Larger, earlier and more destructive

Extreme heat dries vegetation, turning forests, scrubland and grass into fuel for fires. When strong winds combine with prolonged drought, fires can spread more rapidly and become ever more difficult to control.

Countries across the Mediterranean area – including Spain, Portugal, Greece, Italy and France – have a history of wildfires. But fire season now starts earlier, lasts longer, and affects regions that in the past faced a much lower risk.

The European Union recorded at least 1 million hectares (2.5 million acres) of land burned in the region last year, nearly double the historical average.

Some fires are so intense they generate their own weather systems. Known as pyrocumulonimbus clouds, these towering smoke clouds can produce powerful winds, lightning and embers that ignite new fires several kilometres away, making them even harder to contain.

Beyond the immediate destruction of homes and forests, wildfires damage biodiversity, release dangerous quantities of carbon dioxide and leave landscapes vulnerable to erosion and flooding when heavy rain eventually returns.

 

Water under pressure

Heatwaves also place enormous strain on Europe’s water resources. Higher temperatures increase evaporation from rivers, lakes and reservoirs while reducing soil moisture. Mountain snowpacks melt earlier in spring, leaving less water available during the hottest months.

Rivers such as the Rhine, Po and Danube have repeatedly experienced unusually low water levels during recent summers. Low rivers disrupt shipping, reduce hydroelectric power generation and can threaten industrial operations that rely on river water for cooling.

Agriculture is often among the hardest hit sectors due to high temperatures. Farmers across Southern and Central Europe are dealing with reduced crop yields, livestock heat stress and greater demand for irrigation at the same time water is becoming scarce.

A study released in May by the European Investment Bank and the European Commission projected that climate change threatens to increase annual European agricultural losses by as much as 66 percent by 2050, threatening the future of food production.

Some regions are already restricting water use during prolonged dry spells, a sign of how climate change is beginning to affect everyday life.

People spend time on a newly exposed island due to the low water level of the Danube River in Kisoroszi, Hungary, August 1, 2026. REUTERS/Marton Monus
People spend time on a newly exposed island due to the low water level of the Danube River in Kisoroszi, Hungary, on August 1, 2026 [Marton Monus/Reuters]

 

Health hazards, strain on energy systems intensify

Heat is among Europe’s deadliest natural hazards. Unlike floods or storms, the impacts are often less visible but more widespread.

Older people, children and people with existing medical conditions are most at risk. Hospitals see increased admissions linked to dehydration, heatstroke and cardiovascular illness during heatwaves.

Cities are especially vulnerable because concrete and asphalt absorb and retain heat, creating what is known as the urban heat island effect. Night-time temperatures remain high, preventing buildings and people from cooling down.

The growing use of air conditioning offers some protection but creates another challenge.

Electricity demand often surges during heatwaves as millions of people seek relief from the high temperatures. This coincides with a slump in efficiency in power generation as warmer rivers mean that the cooling of thermal and nuclear power stations is more of a challenge.

This creates a growing challenge for Europe’s energy systems as demand rises precisely when supply can become more constrained.

Economic costs escalate

The financial effects from this environmental crisis are mounting. The European Environment Agency estimates that extreme weather has already cost Europe 738 billion euros ($850bn) from 1980 to 2023. At least 162 billion euros ($190bn) of that was in the most recent three-year period.

The agency projected a lack of robust climate action could cost the European economy more than 5.6 trillion euros ($6.4 trillion) by 2050. These costs affect almost all sectors of the economy.

Wildfires destroy homes, tourism infrastructure and businesses. Drought reduces agricultural production while low river levels disrupt trade and manufacturing.

Outdoor workers in construction and agriculture face reduced productivity as extreme heat makes working safely more difficult.

Insurance losses from weather disasters have also risen sharply over recent decades. Three-quarters of Europe’s natural disaster losses are uninsured, according to the European Central Bank.

Meanwhile, governments face growing costs associated with responding to emergencies and rebuilding communities.

Many economists argued that investing in climate resilience today will be significantly cheaper than repeatedly paying the costs of more frequent disasters.

A person walks by an area burnt by fire, in Montfort-sur-Argens, in the Var department, amid worsening drought conditions following a heatwave and water shortages across much of France, August 2, 2026. REUTERS/Florion Goga
An area in Montfort-sur-Argens in the Var department of southern France burned in a wildfire amid worsening drought conditions after a heatwave and water shortages across much of the country [Florion Goga/Reuters]

Adapting as warming accelerates

Climate projections consistently indicate that Europe will continue to warm faster than the global average. Southern Europe is expected to experience hotter and drier summers, increasing the likelihood of severe drought and wildfires.

Even Northern Europe, traditionally associated with milder summers, is expected to experience more intense heatwaves. Cairngorms National Park in the Scottish Highlands recently witnessed wildfires that forced local communities to flee

Communities are already adapting to some extent. Cities are planting more trees to provide shade, redesigning streets to reduce heat, expanding early warning systems and have begun developing cooling centres for vulnerable residents.

Water conservation, improved forest management and more resilient infrastructure are becoming important parts of long-term planning. Agriculture is also changing as farmers experiment with drought-resistant crops, different planting schedules and more efficient irrigation systems.

But scientists stressed that adaptation alone will not be enough. Without significant reductions in greenhouse gas emissions, the conditions that create extreme weather are expected to become more common in the years ahead.

Europe’s recent summers are no longer viewed simply as isolated weather events. They offer a glimpse of what a warmer climate could mean.

The challenge lies in responding to today’s extremes and preparing populations for climates in which intense anomalies become normal.

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Trump says new round of Iran talks will begin Monday | Conflict News

The US president says Gulf allies and Tehran urged him to delay planned strikes.

United States President Donald Trump has said that negotiations with Tehran are set to begin on Monday after he decided to hold off on new strikes on Iran in pursuit of a deal.

Trump said on Sunday that a plan was in place for the US to launch “the biggest attack since World War II” against Iran but that he halted it to give diplomacy a chance.

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“Obviously, they don’t want to be attacked. They knew the extent of the attack because they saw it forming,” Trump told reporters on board Air Force One on Sunday.

“Now what we’re doing is talking to them in the form of a negotiation. It begins tomorrow afternoon.”

He gave no details about the venue or participants in the talks.

Trump pulled back from threats of an attack on Saturday after saying the “perimeter” of a deal was in place.

In his latest comments, Trump said Iran and US partners Saudi Arabia, the United Arab Emirates and Qatar had urged him to hold off on the strikes.

“When the allies asked to call it off, you’ve got to sort of say, ‘Well, let’s see.’ And the reason they ask is they think there’s a deal,” he said.

“There’s a deal on [the Strait of] Hormuz, and then there will be a deal on the nuclear, or you might call it the denuclearisation of Iran.”

He said Saudi Arabia’s Crown Prince Mohammed bin Salman had also urged against the strikes, warning of possible unintended consequences.

“I mean, will they be flooded with people pouring into their country and disaster? A lot of bad things can happen,” Trump said.

Regional diplomacy intensifies

Trump’s announcement came hours after Iranian Minister of Foreign Affairs Abbas Araghchi held a second phone call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, joined by Pakistani Army Commander Asim Munir, to discuss recent diplomatic efforts.

The officials exchanged views on the current situation and on “initiatives aimed at maintaining and strengthening security and stability” in West Asia, Araghchi said in a Telegram post. They also stressed the need to use regional cooperation and political solutions, he added.

Earlier on Sunday, Iran’s official news agency IRNA reported that negotiations between Tehran and Oman over the Strait of Hormuz were in their final stages, citing Araghchi.

Iranian Ministry of Foreign Affairs spokesperson Esmaeil Baghaei said the negotiations focused on agreeing to a new route through the strait, adding that this had “no link to the Strait of Hormuz being opened or closed. That is a separate discussion”.

The war began on February 28, when the US and Israel launched surprise strikes against Iran, although months of on-and-off diplomacy have led to periods of relative calm.

A previous ceasefire deal, which included the reopening of the Strait of Hormuz, a vital conduit for global energy supplies, fell through. Iran has since tightened its control over the waterway as the two countries resumed attacks against each other in recent weeks.

Oil prices fall as escalation fears ease

Oil prices dropped sharply in early trading after Trump abandoned plans for a new military operation against Iran, easing fears of further disruption to Gulf energy supplies.

Brent futures were down $4.08, or 4.64 percent, at $83.85 a barrel on Sunday. West Texas Intermediate lost $4.01, or 4.74 percent, to trade at $80.66, according to the Reuters news agency.

The decline reversed part of last month’s surge, when both benchmarks gained more than 20 percent as renewed US-Iran fighting and attacks on commercial vessels near Oman intensified concerns over shipping through the region.

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Japan and US confirm rare joint intervention to prop up yen | Business and Economy News

Japan and the United States have confirmed a rare, coordinated yen-buying intervention to halt the Japanese currency’s slide to 40-year lows, with Tokyo signalling it is willing to take further action if needed.

The Japanese Ministry of Finance confirmed the joint intervention after a statement by US President Donald Trump on Sunday announced that Washington was helping to prop up the yen as a sign of friendship and to support the global economy.

“They have a weakening yen, and they wanted a little bit of help. And we’re always there for Japan,” Trump said in response to a reporter’s query about why the US is helping to support the currency.

The yen leapt after the announcement, leaving traders on high alert for further intervention from authorities. The Japanese currency gained as much as 1.4 percent to hit a nearly three-month high of 155.20 per US dollar, compounding a 3.8 percent surge over the previous two sessions. The yen also advanced broadly against other major currencies, including the euro and sterling.

The latest bout of aggressive yen-buying heavily pressured the US dollar. In early Asian trading on Monday, the euro climbed to a 1.5-month high of $1.1559, while sterling hovered near a two-week top at $1.3476.

However, the rapid appreciation of the currency immediately weighed on the equity market. The Nikkei share average tumbled, reversing course from the one-week high it had achieved in the previous session.

Analysts say the intervention underscores both countries’ resolve to prevent global spillovers from a sell-off in the yen and Japanese government bonds, including by adding pressure on already rising US Treasury yields.

Japan has been struggling to curb a relentless drop in its currency that has pushed up import prices and stoked broader inflation, hitting household wallets and Prime Minister Sanae Takaichi’s approval ratings.

In its statement, Japan’s Finance Ministry said Friday’s yen-buying intervention with the US Treasury Department “countered excessive volatility and disorderly movements in the Japanese yen in recent months”.

“The Japanese Ministry of Finance remains attentive and in close communication with our counterparts at the U.S. Treasury,” it added. “We will not hesitate to conduct further joint intervention.”

The joint intervention is the first since a 2011 coordinated action to weaken the yen after the devastating earthquake in eastern Japan.

Tokyo may have sold as much as $58.97bn to buy yen when it intervened in New York markets on Thursday, Bank of Japan data indicated, before Friday’s confirmed joint intervention with Washington.

US Treasury Secretary Scott Bessent also confirmed Friday’s effort, noting on Sunday that Washington “will not hesitate to participate in further joint intervention”.

“We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen,” Bessent said in a separate statement on X, repeating his calls for further interest rate hikes by the Bank of Japan.

In line with Bessent’s repeated calls for higher Japanese interest rates, the Bank of Japan on Friday offered its most explicit signal to date of an early rate hike, even as it kept monetary policy steady.

In a sign of broader policy coordination, South Korea also stepped in to buy its won currency on Thursday.

Japan intervened in April and May, buying yen, but the move triggered only a brief rebound. The Bank of Japan’s June rate hike to a 31-year high of 1 percent also gave the struggling currency little lasting boost.

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