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Somaliland’s President Abdirahman Mohamed Abdullahi is on a ‘historic’ tour of Israel, where he’s opened an embassy and visited the Knesset. The landmark trip comes months after Israel became the first country to recognise Somaliland as an independent nation.

South Korean players reportedly refrain from speaking to national media outside official World Cup commitments.

South Korea’s preparations for their World Cup match against Mexico have been overshadowed by a rift between the players and the country’s media following disparaging comments about captain Son Heung-min.

The spat reportedly led to the resignation of one of the team’s media officers on Tuesday. The national team has yet to confirm the resignation, which has been reported by some of the media covering the South Korean squad in Guadalajara.

Access for the media had apparently been cut off after the comments against Son were caught on camera. Players reportedly refrained from speaking to South Korean media outside official World Cup commitments, and scheduled interviews with players were cancelled.

Mexican media said there was a meeting between the team’s media officers and the South Korean media to discuss the incident.

There was no media access scheduled on Tuesday. The pre-match news conference is scheduled for Wednesday.

The South Korean football association said it regretted “the inappropriate remarks made by some media personnel during the national football team’s training at the Guadalajara base camp”. The organisation added the comments caused “great shock and disappointment” within the squad.

The incident occurred during an open training session on June 7, days before South Korea beat the Czech Republic 2-1 in its first World Cup match.

The 33-year-old Son, running with teammates, was mocked by unidentified media personnel over his military record in footage recorded by broadcaster JTBC, South Korea’s official rights holder for the tournament. The video was later leaked, prompting a strong reaction on social media.

By helping South Korea win gold at the 2018 Asian Games, Son earned an exemption from the mandatory 21-month military service required of able-bodied men.

Son later completed alternative duties, including a three-week military training course in 2020 and community service.

The federation said in Monday’s statement that it “will continue to prioritise the protection of the squad and strive to create a healthy media environment”.

Son, who left Tottenham for Los Angeles FC a year ago, missed chances in the victory over the Czech Republic, with Hwang In-beom and Oh Hyeon-gyu scoring in Guadalajara.

South Korea plays again in Guadalajara on Thursday when it faces Mexico in Group A.

BEIRUT, Lebanon, June 16 (UPI) — Lebanon’s economy, shattered by the 2019 financial collapse, has suffered another major shock from the Israel-Hezbollah war, which has disrupted recent recovery efforts and hit the tourism sector — the country’s main revenue generator — particularly hard.

The war, which began in October 2023 when Hezbollah opened a support front for Gaza, escalated as Israel intensified its attacks and the Iran-backed regime resumed fighting in solidarity with Iran last March after 15 months of inactivity. It further deepened Lebanon’s economic crisis and left the country grappling with its repercussions.

Direct and indirect losses are initially estimated at $20-30 billion, reflecting extensive destruction and mass displacement caused by the conflict, along with severe disruptions to economic activity. Inflationary pressures have also intensified due to the closure of the Strait of Hormuz.

Nearly every sector of the economy has been affected.

The escalation in March dramatically expanded the scale of destruction, with more than 70 villages in southern Lebanon reduced to ruins by advancing Israeli troops. Entire neighborhoods were leveled, while businesses, public infrastructure, schools, hospitals, and roads suffered extensive damage.

Beirut’s southern suburbs and parts of the Bekaa Valley in eastern Lebanon were also heavily targeted by Israeli airstrikes, resulting in similar devastation.

Beyond the heavy casualty toll of 3,826 killed and 11,851 injured since March 2, the widespread physical destruction, and the displacement of 1.2 million people forced to flee their homes and villages under Israeli evacuation orders, the war has also resulted in significant indirect losses.

Unemployment rose as job losses mounted, while recession and inflation eroded household purchasing power, making people poorer.

The tourism sector was also badly hit, and the economy is expected to contract by between 7% and 10% in 2026 if the war continues, according to estimates by Finance Minister Yassine Jaber.

More critically, the recent escalation came as the reform-minded government of Prime Minister Nawaf Salam had begun putting the country on a path to recovery, and the economy was starting to pick up.

Despite the war — largely concentrated in southern Lebanon at that time — 2025 ended on a positive note, with the World Bank reporting modest GDP growth of 3.5 percent and a rebound in tourism.

A key highlight was a visit by Pope Leo XIV, which raised hopes and called for peace, alongside approximately 1.63 million visitors; an increase of 44.6% compared with the previous year.

“That showed that demand for Lebanon was returning… The escalation in March interrupted that momentum,” Tourism Minister Laura Khazen Lahoud told UPI.

Lahoud explained that the collapse became visible in cancellations, empty restaurants, very low hotel occupancy, and travel agencies shifting from selling trips to managing cancellations.

According to figures released by the relevant syndicates, travel and tourism activity declined by around 80%, while hotel occupancy in Beirut fell to roughly 7-10%, occasionally reaching 12%.

Tourism activity became concentrated in “a very small number of spots,” where hotels sought to attract displaced people seeking refuge in safer areas, according to Lahoud.

Charles Arbid, President of Lebanese Economic Social and Environmental Council, explained that the country was in “a state of stagflation,” with little economic activity or production, inflation reaching 20%, and businesses closing down or partially operating.

“This is a catastrophic economic situation, following a prolonged period of weak growth and the accumulation of structural economic problems,” Arbid said in an interview with UPI, referring to the drop in government revenues due to the inability to pay taxes and the complete halt of economic activity in southern Lebanon.

He was particularly concerned about the impact of the war on the population, as many were losing their jobs and depleting their remaining savings to cope with the spiraling inflation.

He said Lebanon is facing “a social and societal crisis,” exacerbated by the massive displacement, and would need a “Marshall Plan” for reconstruction, rehabilitation of its crumbling infrastructure, securing the return of the displaced to their villages, and supporting economic recovery.

In the meantime, many are struggling to keep their businesses afloat and secure an income.

Mohammad Farid, who has been displaced three times with his wife and son from their home in Beirut’s southern suburbs since 2024, has not given up despite suffering heavy losses: $250,000 after an Israeli strike destroyed a solar panel project he had co-partnered in the village of Ansar in southern Lebanon, and about $100,000 from two shops badly damaged in Israeli strikes in Beirut’s southern suburbs.

Farid and his wife, Malak, had started a new business, Oilganic, specializing in cold-pressed organic oils shortly before the 2023 war erupted, importing oil press machines from China and renting their first shop.

Their business began to flourish, expanding into online sales and building a strong reputation.

“That came to a halt when the war extended to our area, forcing us to leave and then return after a truce was reached, rent a new shop, and see it destroyed again months later,” Farid told UPI.

They were again displaced, taking refuge at their friends’ house in the mountains, where they resumed production on a smaller scale using small oil-press machines.

“We are doing our best so as not to lose our clients,” Farid said, determined to grow his business and relocate to his native border village of Naqoura in southern Lebanon after the war ends. “I want to go back to the south, rebuild our house, and continue my oil business there. This is our land, and we will never give it up.”

A glimmer of hope for ending the longest and most devastating war between Israel and Hezbollah emerged after the United States and Iran reached a memorandum of understanding, which was due to be signed in Geneva on Friday.

The agreement includes a full ceasefire in Lebanon, which has not yet been fully observed by either side.

A cessation of hostilities, or even a durable de-escalation, could bring much-needed relief, starting with salvaging part of the summer tourism season, largely relying on Lebanese expatriates and the diaspora.

Lahoud said the diaspora would help sustain the sector but noted that a very large segment of the diaspora, whether in West Africa or northern Europe, originates from southern Lebanon and would be less likely to visit this year.

She explained that the tourism sector has survived repeated shocks, but emphasized that “businesses cannot absorb losses indefinitely,” with hotels, restaurants, travel agencies, transport companies, event organizers, and seasonal workers remaining under real pressure.

As the region is being reshaped by major developments, Lebanon is looking to close the chapter of war and move into a period of peace, engaging in U.S.-mediated direct negotiations with Israel for the first time.

Arbid appeared confident that Lebanon “is heading into a better phase,” one that would require a new political understanding and security stability.

“That would pave the way for reconstruction and recovery… It will be a long journey, but we will make it in the end,” he said.

FIFA President Gianni Infantino praised Iran’s players during a World Cup dressing room visit after the team’s 2-2 draw with New Zealand on Monday.

June 16 (UPI) — A Russian warship, the Admiral Grigorovich, allegedly fired warning shots toward a British pleasure yacht Tuesday morning in the English Channel.

The shots came within about 500 yards of the yacht, BBC News reported. The incident took place in international waters between the Isle of Wight, a British island, and Normandy, part of France. Those on the yacht have not reported any damage or injuries.

“We are investigating reports of an incident in the channel,” a U.K. Ministry of Defense spokesperson said.

BBC News said the yacht apparently drifted toward the Russian frigate in foggy conditions. The bigger ship sounded an audible warning — with no immediate response from the yacht — before it fired the shots.

This incident comes after U.K. forces seized a Russian-linked tanker, the Smyrtos, on Sunday in the same area. The tanker was carrying sanctioned oil. However, British authorities said Tuesday’s incident is not linked to that seizure.

It’s not unusual for Russian ships to pass through the channel while being monitored by Royal Navy ships. The Admiral Grigorovich was shadowed Tuesday by the HMS Mersey, BBC News said.

The Russian frigate has regularly escorted shadow fleet vessels — the ships Russia uses to avoid sanctions on oil imposed after its invasion of Ukraine.

James MacClearly, Liberal Democrat defense spokesman, said in The Guardian that reports of a Russian ship firing shots in the English Channel are “deeply concerning.”

“Russian is quite literally on our doorstep,” he said. “Aggression and intimidation in our waters must not be tolerated.”

After the seizure of the Smyrtos on Sunday, British Prime Minister Keir Starmer said it was “yet another blow to Russian and reminds those fueling Putin’s war in Ukraine that they cannot hide.”

June 16 (UPI) — Venezuela’s government signed a memorandum of understanding with U.S.-based GE Vernova, General Electric’s energy division, and state-owned utility Corpoelec to repair, modernize and stabilize the country’s struggling national power grid.

The plan aims to restore 1,000 megawatts of generating capacity over the next 24 months and more than 5,000 MW within four to five years.

The agreement, signed Monday by Venezuela’s interim President Delcy Rodriguez, comes shortly after the National Assembly approved reforms to the country’s electricity law. The changes create a new framework that allows foreign investment in the sector after 15 years of an exclusive state monopoly.

During the signing ceremony, attended by Venezuelan government officials, company representatives and U.S. Charge d’Affaires in Caracas John Barrett, Rodriguez said the project will address both hydroelectric and thermoelectric infrastructure.

“We want to move forward steadily in the recovery of the national electricity system, for the benefit of the entire country but also to facilitate conditions for all the international investments arriving in the country,” Rodriguez said during the ceremony, which was broadcast on state television.

GE Vernova technical teams spent six weeks conducting an audit of Venezuela’s electrical system. The assessment confirmed the deteriorated condition of Corpoelec’s facilities, which have contributed to electricity rationing and widespread blackouts, particularly in western states such as Zulia, the center of Venezuela’s oil industry and a major agricultural region.

“We want to move quickly so the system works as well as possible within a few months, and I believe we can do that together,” GE Vernova Chief Sustainability Officer Roger Martella said. “We already have an agreement on the technical aspects and how we can move forward rapidly. Over the next 12 months and beyond, we will strengthen the national electric system.”

According to local media reports, the Guri Hydroelectric Plant, which supplies about 70% of the country’s electricity, has suffered significant wear because of a lack of original replacement parts. New equipment will be used to stabilize and rehabilitate generating facilities at hydroelectric dams in southern Venezuela.

GE Vernova’s equipment also is expected to help restore local thermoelectric generation capacity, reducing pressure on the Guri complex and improving energy independence for central and western regions.

Transmission lines that cross the country face constant overloads and aging substations. The plan includes energy management software and upgrades to substations to improve reliability and reduce recurring power fluctuations.

The legal reforms approved this month allow concessions of up to 25 years in power generation, transmission and distribution, providing legal certainty for companies such as GE Vernova to deploy technology and services in the sector.

The legislation also establishes stricter accountability requirements for operators and creates a formal framework for renewable energy development.

In addition to increasing generating capacity and modernizing grid operations, the agreement includes a specialized training program for Venezuela’s technical workforce.

Report highlights the growing threats posed by climate change and calls for the green transition to be accelerated.

Almost all children across the globe are exposed to at least one climate hazard and the situation is expected to worsen unless greenhouse gas emissions are urgently reduced, says a report by UNICEF.

The report, published on Tuesday, warns that climate hazards pose a threat to children on multiple fronts, with nearly half of the world’s children exposed to at least three such hazards, putting their health, education and survival at risk.

“The lives of children continue to be upended by the impact of heatwaves, wildfires, droughts, and floods,” said UNICEF Executive Director Catherine Russell. “Half of the world’s children are now living with at least three overlapping climate threats shaping their daily lives.”

The report highlights the growing threats posed by climate change and calls on governments and business leaders to accelerate the transition to renewable energy.

According to UNICEF’s report, 1.8 billion children are currently at risk from drought, while 1.2 billion are exposed to extreme heat, as warmer temperatures wreak havoc on the world’s water cycle.

Countries across Western Europe experienced a record-breaking heatwave last month, reaching temperatures not typically expected until the summer.

UNICEF also says that nearly every child is exposed to air pollution, while one billion are exposed to malaria.

Scientists have repeatedly warned that global warming must be limited to 1.5C (2.7F) above pre-industrial levels to avoid the worst effects of climate change.

Nearly 200 countries signed the Paris Agreement, aiming to curb global warming to that 1.5C mark. The accord came into force in November 2016.

Since then, scientists have repeatedly warned that the target is unlikely to be met.

In January, the United States formally withdrew from the Paris Agreement for a second time, following an order by President Donald Trump.

June 16 (UPI) — Voters are heading back to the polls in Georgia on Tuesday for primary election runoffs featuring one contest that pits President Donald Trump‘s endorsement against Gov. Brian Kemp‘s.

Among the key races that will be decided Tuesday is the race to see who will challenge Democratic Sen. Jon Ossoff in November’s midterm election. Trump has endorsed Rep. Mike Collins and Kemp endorsed Derek Dooley.

Kemp gave Dooley, a former college football coach, his endorsement in August. He reiterated his support in a social media post on Monday, asking voters to choose the “conservative fighter who will put Georgians first.”

Trump endorsed Collins on Friday after early voting ended. The president posted his endorsement on social media, calling Collins a “warrior and winner.”

Elsewhere on the ballot, Republican voters will choose their candidate for the state’s gubernatorial race. Kemp is a two-term governor and is in his last year serving in the office. He faced Democrat Stacey Abrams in the last two gubernatorial elections.

Lt. Gov. Burt Jones captured 38% of the vote in the primary election last month, falling short of the 50% threshold required to win. On the other side, billionaire Rick Jackson received 32% of the vote.

The winner of the Republican primary for the gubernatorial candidate will face Atlanta Mayor Keisha Lance Bottoms in November.

June 16 (UPI) — Oil prices have fallen to their lowest levels since the start of the Iran war with Brent crude oil declining to less than $80 per barrel on Tuesday.

Brent crude oil, the international benchmark, traded for $79.96 on Tuesday morning. It is the first time since the war started that it has traded below $80 per barrel. It has since inched above the $80 mark to about $80.19.

The price of West Texas Intermediate, the U.S. benchmark, has dipped by about 3.8% on Tuesday to $77.71 per barrel.

Tuesday marks the second consecutive day of descending oil prices spurred along by Sunday’s announcement that the United States and Iran have come to terms on a peace agreement. Prior to the announcement, oil prices had risen by about 14% since the start of the war.

Iran closed the Strait of Hormuz after the United States and Israel launched attacks on Feb. 28. The United States later instituted a naval blockade on the strait, stopping any vessels using Iranian ports.

The terms of the peace deal have not been made public. The United States and Iran have electronically signed a preliminary agreement and are expected to officially sign off on the peace deal on Friday.

While oil prices have fallen significantly, gas prices have moved more slowly, dropping by three cents on Tuesday. The national average for a gallon of regular-grade gas is $4.04, AAA reports. Gas prices remain elevated by about 36% since the start of the war.

President Donald Trump said Sunday that the traffic on the Strait of Hormuz would resume immediately. However, it may still take weeks for operators on the strait to actually allow tankers to pass through.

About 20% of the Middle East oil trade uses the Strait of Hormuz.

A viral youth satirical protest movement, the Cockroach Janta Party, has emerged following exam cancellations last month.

India has blocked the Telegram messaging app until Monday and ordered the platform to disable the editing feature on messages already posted, saying the platform has been used to “defraud candidates” and for “paper leaks” regarding upcoming national student examinations.

The restriction was issued on Tuesday under a stringent provision of the IT law, which empowers the government to block access to online sites in the interest of India’s “sovereignty and integrity”.

Activists said the provision is used to curb free speech although Prime Minister Narendra Modi’s government said it ‌acts in compliance with the law and in the public interest.

Last month, the government cancelled a key undergraduate entrance exam for medical schools known as the National Eligibility-cum-Entrance Test (NEET) after authorities discovered the questions had been leaked beforehand.

The leaks led to a series of student protests across the country, including the emergence of a satirical viral movement, the Cockroach Janta Party, that demanded the resignation of Education Minister Dharmendra Pradhan.

The government has scheduled a new examination for Sunday.

The restrictions on Telegram were imposed “in ⁠response to the organised use of the platform by cheating rackets to defraud candidates ⁠appearing for the NEET 2026 re-examination scheduled on 21 June 2026”, the Ministry of Education’s National Testing Agency said in a statement.

Telegram has grown rapidly ⁠in India, and the country is its biggest market for downloads although WhatsApp remains the dominant messaging platform.

The government said ⁠it “regrets the inconvenience caused” due to the blocking of the application, which will affect hundreds of thousands of people, but it said it is a measure of “last resort” as earlier attempts to take down content from the platform had not produced results.

US President Donald Trump says Iran has agreed to not acquire nuclear weapons and will ‘suffer unbelievable consequences’ if they do. His remarks came during a meeting with Qatar’s Emir Sheikh Tamim at the G7 summit in France.

The rival parties agreed Tuesday to conduct a 45-day parliamentary investigation into the National Election Commission (NEC) over ballot shortages reported during the recent local elections, party officials said.

In a meeting of their deputy floor leaders at the National Assembly, the ruling Democratic Party (DP) and the main opposition People Power Party (PPP) agreed to put the plan to a vote at a parliamentary plenary session on Thursday.

“We agreed to launch the parliamentary probe to swiftly uncover the truth behind the alleged infringement of voting rights of the citizens caused by the ballot shortages and to lay the groundwork for sweeping reforms of the NEC,” Rep. Cheon Jun-ho of the DP told reporters after the meeting.

According to officials from both parties, the special parliamentary committee will be chaired by the PPP and comprise 18 members — nine from the ruling party, seven from the PPP and two from non-negotiating parties.

Rep. Kim Seung-soo of the main opposition PPP said the rival parties agreed to set the investigation period at 45 days in an effort to conduct the probe as swiftly as possible, while leaving open the possibility of an extension if further investigation becomes necessary.

Ballot shortages were reported at more than a dozen polling stations in Seoul during the June 3 local elections, temporarily disrupting voting and prompting protests.

Last week, the DP and the PPP separately submitted requests for a parliamentary probe, though they differed over the scope of the investigation and the number of seats to be allotted to each party on the committee.

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South Korea has begun consultations with the United States, Iran and other relevant countries regarding navigation through the Strait of Hormuz following the signing of a preliminary deal aimed at ending the monthslong war in the Middle East, the foreign ministry said Tuesday.

According to U.S. officials, President Donald Trump, Vice President JD Vance and Iran’s parliamentary speaker Mohammad Bagher Ghalibaf inked the memorandum of understanding (MOU) that would extend the countries’ ceasefire for 60 days, during which negotiations will take place to address nuclear and other issues to reach a final peace deal.

A large number of vessels, including two dozen South Korea-linked ships, have been stranded in the waterway, which Iran has effectively choked off with threats of missile and drone strikes amid the war.

“We are assessing the details related to maritime transit and have begun necessary communication with relevant countries, including the U.S. and Iran,” ministry spokesperson Park Il said during a regular press briefing.

According to Park, the government is closely monitoring a range of factors before making judgments on passage operations, including the presence of naval mines, the overall security situation in the strait and shipping traffic conditions.

He said the government will continue to prioritize the safety of South Korean vessels and sailors while working to ensure the smooth resumption of shipping.

Park added the government will also maintain close consultations with shipping companies in assessing developments in the region.

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.

June 15 (Asia Today) — Salt-damaged farmland once unsuitable for either agriculture or aquaculture has become a source of pension income for residents of islands in southwestern South Korea.

Shinan County in South Jeolla Province operates what it calls a “Sunlight Pension,” sharing part of the profits from solar power projects with local residents. The program is regarded as a social economy model that connects large-scale renewable energy infrastructure with household income and local spending.

The county began distributing the pension on Anjwa and Jara islands in 2021 under a renewable energy profit-sharing program. It has since expanded the program to Jido, Saokdo, Imjado and Bigeumdo.

Under the program, part of the profits generated by solar power projects is distributed to residents through local cooperatives.

South Korea’s Ministry of the Interior and Safety regards the Shinan program as a social economy model that converts local resources into resident income while keeping spending within the community. The program brings residents, local government and private businesses together to ensure that some profits from power generation remain in the region.

The model is also consistent with the national government’s initiative to create “Sunlight Income Villages,” where communities receive income from renewable energy projects.

Shinan County enacted an ordinance in 2018 establishing a system to share profits from renewable energy development with residents. Residents do not directly pay the cost of building the power plants. Instead, resident cooperatives participate in the projects and receive dividends from the resulting revenue.

The dividends are paid through local gift certificates, encouraging recipients to spend the money within Shinan County.

“Existing residents are guaranteed dividend benefits, while benefits for new residents vary according to age to encourage younger people to move here,” a county official said. “New residents age 40 or younger are eligible immediately, without a waiting period.”

The program has produced measurable results.

Renewable energy development dividends generated cumulative revenue of 24.71 billion won, or about $16.1 million, between April 2021 and April 2025. Of that amount, 22.32 billion won, or about $14.6 million, was distributed through the Sunlight Pension.

An additional 2.39 billion won, or about $1.6 million, was distributed as a Sunlight Child Allowance for residents younger than 18.

Of Shinan County’s 16,483 residents, 13,284 are members of participating cooperatives, representing a participation rate of 81%.

The Anjwa Solar City power plant serves as the foundation of Shinan’s Sunlight Pension model.

The facility has a combined generating capacity of 288 megawatts, consisting of a 96-megawatt first phase and a 192-megawatt second phase. The first phase began commercial operations in November 2020, followed by the second phase in January 2023.

Plant officials said the project cost about 560 billion won, or approximately $366 million. It generates annual revenue of between 80 billion won and 85 billion won, or roughly $52.3 million to $55.6 million.

The history of the site is also significant.

The land was originally used for farming but became unsuitable for both agriculture and aquaculture because of salt damage and years of use as fish farms. A 2019 revision to South Korea’s Farmland Act allowed salt-damaged farmland to be used temporarily for other purposes, clearing the way for the solar project.

The land is scheduled to be restored to farmland after the solar facilities cease operations.

Anjwa Solar City is considered a leading example of South Korea’s resident-participation renewable energy profit-sharing system. Large solar projects can generate local opposition when residents receive few tangible benefits, making the profit-sharing structure a central element in securing community acceptance.

The Shinan model, however, may be difficult to reproduce in every region. Large renewable energy projects require several conditions, including government approval, resident consent and access to transmission infrastructure.

Project profitability and local acceptance must also be considered to maintain a stable dividend system.

“The Sunlight Pension was designed to ensure that development profits remain with residents and circulate within the community,” the county official said. “We plan to expand the profit-sharing program beyond solar power to offshore wind and other renewable energy projects.”

— 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=20260615010005065

Los Angeles – “I’m sure when we score a goal today, everyone will be cheering.”

That was the prediction of Iranian fan Parsa Tafreshi, who had travelled from New York to Los Angeles to see Iran take on New Zealand on Monday.

His words would prove largely true.

The game ended in a thrilling 2-2 draw, and each time Iran – known as Team Melli – scored, the stadium erupted in deafening celebrations.

There were two opposing sets of Iranian flags in Los Angeles, home to a large Iranian American community that is largely staunchly opposed to the governing system in Tehran.

Some fans waved the Islamic Republic flag, adorned with the name of God. Others opted for the pre-1979-revolution flag featuring the lion and sun, used by the Iranian opposition.

But when Team Melli were building up an attack, their supporters sang in unison.

Chants of “Iran, Iran” rang throughout the stadium, and the fans held their breath collectively each time Iran’s attackers came near New Zealand’s goal.

Concerns of unrest around the game did not materialise. Iranian fans vastly outnumbered their New Zealand counterparts at the stadium, and the game ended without any major incident.

Anti-team protest

A small group of demonstrators had gathered outside the venue, waving Israeli flags and chanting in support of opposition figure Reza Pahlavi.

They also called on United States President Donald Trump to resume the war with Iran, although Washington and Tehran have already reached a ceasefire deal.

“President Trump, finish the job,” they chanted on a loud megaphone.

Protesters also shouted slogans against the Palestinian group Hamas and Lebanon’s Hezbollah.

One of the demonstrators held a banner featuring the faces of Team Melli players with red crosses on them.

“IRGC Team,” it said, referring to Iran’s Islamic Revolutionary Guard Corps, with red ink meant to resemble blood dripping from the letters.

Protester Kourosh Kiumarsi told Al Jazeera that the Iranian squad is the “regime team”.

Asked about the Israeli flags at the demonstration, he said: “Israel and the USA attacked the regime and helped the people of Iran. They are not at war with Iran. They are at war with the Islamic Republic regime.”

Despite the intensity of the slogans at the protest, it was small and contained.

“I love that all the hype was just outside of the stadium,” said Sudi Farokhnia, who wore a green, white and red wig and a shirt featuring the lion and sun flag.

“Once you walked into the stadium, all you could hear was Iran, Iran, Iran. The energy was amazing. The people were amazing,” she told Al Jazeera after the match.

But that does not mean the entire affair was apolitical.

It would be difficult to argue that the pre-revolution flag is not a political statement.

FIFA bans political symbols at international matches, but thousands of Iranian fans on Monday were able to come in with lion-and-sun flags, shirts and hats.

Many also wore political slogans like “Make Iran Great Again” and “free Iran”.

FIFA did not respond to Al Jazeera’s request for comment on the issue.

Minab message

There were also other political expressions at the match.

Arash, an Iranian fan who asked to be identified by his first name only, wore a shirt that said “Mibab 168” on the back.

The US-Israel war on Iran killed hundreds of civilians, including 168 children at a girl’s school in the southern city of Minab, during the first day of the conflict.

“This is not a political shirt. This is not just to send a political message,” Arash told Al Jazeera.

“It’s a simple, simple statement: Schools are sanctuaries, whether it’s school shootings, bombings. School is a place of virtue. It’s a place of learning. It’s a place that – no matter who you are, what you believe in, what country – school should be off limits.”

Inside the stadium, a group of Iranian fans also revealed a “MINAB 168” message during the game.

There were also Palestinian and Israeli flags visible in the stands.

The match kicked off with a political message: Many fans jeered the Iranian national anthem, which opposition activists see as representative of the government.

Iran’s participation in the tournament was in peril earlier this year because of the war. Team Melli were forced to stay in Mexico as their base camp, while all their group-stage matches were in the US, because the Trump administration refused to host them.

Once the ball was kicked, however, that all faded into the background.

It was 11 versus 11. And the football delivered excitement, joy and disappointment.

Iran dropped two valuable points against a lower-ranked team, but came twice from behind and hit the woodwork once.

And each of the two times the net bulged, the goals brought happiness to a nation with two flags at home and abroad that has gone through war and immense hardship.

There was a number of protesters outside.

But when Iran scored, almost all Iranians cheered.

June 15 (Asia Today) — South Korean broadcaster JTBC and four other companies affiliated with JoongAng Group filed for court-led rehabilitation Monday, two days after the television network defaulted on 20.6 billion won, or about $13.6 million, in debt.

The applications could lead to restructuring, asset sales and efforts to attract new investment if the court approves the rehabilitation proceedings.

The five applicants are JTBC, Contentree JoongAng, Megabox JoongAng, JoongAng Holdings and JoongAng P&I.

JoongAng Group Vice Chairman Hong Jeong-do apologized during a news conference at the JoongAng Ilbo building in western Seoul.

“As a senior executive of JoongAng Group, I sincerely apologize to our employees,” Hong said.

“Management has explored every possible option to overcome the credit crunch and liquidity crisis and maintain the group’s operational stability,” he said. “However, accumulated financial burdens and the prolonged contraction of the capital market have left us with no choice but to file for rehabilitation proceedings.”

JTBC declared a payment default Friday after failing to repay 20.6 billion won in securitized borrowings at maturity.

South Korean credit-rating agencies subsequently downgraded the credit ratings of JTBC and other major group companies.

NICE Investors Service cut JTBC’s unsecured bond rating from BBB with a negative outlook to CCC. A CCC rating indicates a substantial risk of default and generally makes it difficult for a company to raise funds through conventional financial markets.

The agency also downgraded JoongAng Ilbo’s long-term credit rating from BBB with a negative outlook to BB- and lowered its short-term rating from A3 to B-.

Korea Ratings lowered JTBC’s unsecured bond rating from BBB with a negative outlook to BB under negative review. It also downgraded the broadcaster’s commercial paper and electronic short-term bond ratings from A3 to B under negative review.

The group’s financial difficulties have been attributed partly to a sharp decline in television advertising as audiences and advertisers move toward digital platforms and streaming services.

Heavy investment in sports broadcasting rights has also placed pressure on the group’s finances.

JTBC acquired exclusive South Korean broadcasting rights for the FIFA World Cup through Phoenix Sports, an affiliate of JoongAng Group.

Contentree JoongAng, the parent company of Phoenix Sports, reportedly invested $125 million, or about 190 billion won, to secure World Cup rights.

The group also reportedly committed about $500 million for rights to broadcast the Olympic Games from 2026 through 2032 and FIFA World Cup tournaments through 2030.

JTBC failed in February to resell Winter Olympics broadcasting rights to South Korea’s three terrestrial television networks, contributing to substantial losses.

For the 2026 World Cup, JTBC sold some broadcasting rights to public broadcaster KBS for 14 billion won, or about $9.2 million, but did not reach agreements with MBC or SBS.

If the court approves the applications, the companies are expected to consider workforce and business restructuring, asset sales and outside investment as part of a financial recovery plan.

The Seoul Bankruptcy Court assigned the cases involving the JoongAng Group companies and subsidiaries to its Rehabilitation Division 2.

The court will review financial records and other documents submitted by the companies before deciding whether to formally begin the proceedings. Such decisions are generally made within about a month.

— 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=20260616010005214

June 15 (UPI) — The Korean Federation of Community Credit Cooperatives, or KFCC, said Monday that it will provide AI-powered companion robots to elderly residents as South Korea faces the social challenges posed by rapid population aging.

The nationwide cooperative federation noted that a total of 200 robots will be supplied to senior citizens living alone, with the aim of dealing with social isolation.

The robots are designed to offer various support functions, including interactive conversations, medication reminders, and motion-detection capabilities. When emergencies arise, they can alert authorities and connect users with relevant services, according to KFCC.

Information collected by the robots can be shared with caregivers and social welfare workers to help track their health status and identify potential signs of social isolation, the cooperative said.

“The problem of social isolation among elderly people living alone is becoming more severe amid population aging and the growing number of single-person households,” KFCC said in a statement.

“We will continue our social contribution activities to help build warm and inclusive communities where no neighbor is left behind,” it added.

South Korea is one of the fastest-aging societies in the world. Data from the Ministry of the Interior and Safety show that people aged 65 and older accounted for 21.21% of the population as of the end of last year. When the proportion surpasses the 20% mark, a country is classified as as uper-aged society.

Single-person households represented 36.1% of all households in the nation as of the end of 2024.

KFCC is not a publicly listed company.

June 15 (UPI) — South Korea’s Hyundai Rotem said Monday that the company is showcasing its AI-powered anti-drone technologies at Eurosatory 2026, a defense fair that takes place in Paris this week.

The affiliate of Hyundai Motor Group noted that it has publicly unveiled the system designed to counter unmanned aircraft, including drones, for the first time.

The solution aims to protect troops and military assets from drone attacks by combining AI-driven threat detection and automated response functions, according to Hyundai Rotem.

The firm said that the platform can assess a wide range of battlefield scenarios in real time, analyzing various factors such as the type, distance and altitude of incoming threats to determine the most effective countermeasures.

Built around an unmanned turret platform, the multi-layered defense solution integrates both soft-kill and hard-kill capabilities, Hyundai Rotem said.

The growing importance of such technologies has been recognized by recent conflicts, including the wars in Ukraine and Iran.

Hyundai Rotem is also displaying an export-oriented version of its K2 main battle tank at the exhibition. It has emerged as one of South Korea’s most successful defense exports, as Poland purchased hundreds of the tanks over the past few years.

“By strengthening our capabilities in AI-based protection solutions, including multi-layered defense systems, we will further diversify our business portfolio and enhance our presence in the global market,” Hyundai Rotem said in a statement.

“We will continue to advance key protection and unmanned technologies geared toward preserving human lives, reinforcing our leadership and competitive edge in the defense industry,” it added.

The share price of Hyundai Rotem rose 2.16% on the Seoul bourse on Monday, while the benchmark KOSPI jumped 5.2%.

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

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

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

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

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

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

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

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

In Taiwan, the TAIEX was up 0.2 percent.

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

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

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

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

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

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

June 15 (Asia Today) — South Korean researchers have developed a catalyst that could substantially reduce the cost of producing green hydrogen while delivering performance and durability comparable to catalysts made with expensive precious metals.

A research team led by Professor Don-Hyung Ha of Chung-Ang University developed multimetallic phosphide nanoparticles that do not require platinum, iridium or other costly precious metals, the university said Monday.

The research was conducted jointly with a team led by Professor Inho Nam of Chung-Ang University’s Department of Chemical Engineering and researchers led by Sung Jong Yoo of the Korea Institute of Science and Technology’s Center for Hydrogen and Fuel Cells.

The catalyst was used to build a high-performance anion-exchange membrane water electrolysis system, a technology considered a potential lower-cost option for producing clean hydrogen.

Water electrolysis uses electricity to split water into hydrogen and oxygen. When the electricity comes from renewable sources, the resulting fuel is commonly called green hydrogen because the production process does not directly emit carbon dioxide.

Many high-performance electrolyzers, however, rely on scarce and expensive catalysts containing platinum or iridium. Their cost and limited availability have been major obstacles to the large-scale commercialization of green hydrogen.

Anion-exchange membrane water electrolysis could reduce dependence on those metals because it can operate with less expensive materials. Existing non-precious-metal catalysts, however, often undergo changes to their surface structures during operation, resulting in lower efficiency and shorter operating lives.

The researchers sought to address the problem by designing nanoparticles made from cobalt, nickel, iron and phosphorus.

They used real-time spectroscopic analysis to examine changes in the catalyst’s oxidation state and surface structure while it was operating.

The team found that optimizing the amount of cobalt caused a stable, highly active structure to form on the catalyst’s surface during electrolysis. The researchers identified this surface reconstruction as a key factor in maintaining high catalytic activity and long-term durability.

In single-cell tests, a system using the catalyst at both the hydrogen-producing and oxygen-producing electrodes reached a current density of 5.73 amperes per square centimeter at 2 volts.

When the catalyst was used only at the oxygen-producing electrode, the system reached 11.43 amperes per square centimeter at the same voltage.

Higher current density generally indicates that an electrolyzer can produce more hydrogen from a given electrode area, although overall commercial performance also depends on factors including energy efficiency, system size, operating conditions and manufacturing cost.

The system also operated continuously for 500 hours at a commercially relevant current density of 1 ampere per square centimeter without a significant decline in performance, the researchers said.

The results indicate that non-precious-metal catalysts can deliver performance approaching that of systems using platinum-group metals.

The study combined control of the catalyst’s chemical composition, real-time analysis of its operating surface and performance testing in a complete electrolysis cell. The researchers said the integrated approach strengthens the catalyst’s potential for practical application.

“This study is academically significant because we precisely controlled the composition of a non-precious multimetallic phosphide catalyst and used real-time analysis to clarify how its surface changes during operation,” Ha said.

“It could serve as a milestone in developing low-cost water electrolysis electrodes that replace expensive precious-metal catalysts while providing both high performance and durability,” he said.

The research was supported by South Korea’s Ministry of Science and ICT through the H2GATHER program, the H2 NEXT ROUND program and a Korea Institute of Science and Technology clean hydrogen technology development program.

The study, titled “Cobalt-Engineered Multimetallic Phosphides with Switchable HER-OER Activity for Durable Anion Exchange Membrane Water Electrolysis,” was published online May 26 in Advanced Functional Materials.

— 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=20260612001005481

Juba, South Sudan – In the days before Lankien was attacked, doctors at the local hospital rushed to evacuate patients. Some were women in labour. Others were being treated for gunshot wounds. By the evening of February 3, just hours after the last patients were carried out, a bomb struck the empty facility, ripping a crater through its warehouse.

Fighting was underway in surrounding areas as South Sudan’s military pressed forward with a counteroffensive aimed at retaking territory seized by opposition armed groups. As the army advanced eastward through Jonglei State, it captured town after town, pushing opposition fighters towards the Ethiopian border.

In the aftermath of the bombing, residents said they were forced to flee into surrounding marshland on the morning of February 7 as mortar fire struck the town. Some eventually returned and described extensive destruction.

The hospital had been looted and burned. Its cold-chain storage unit, used to preserve vaccines, was set on fire. Vehicles were sprayed with bullets and stripped for parts. Solar-powered water systems had been dismantled. The local market was reduced to twisted metal sheets, while homes on the outskirts appeared to have been burned.

“Anything that can support the life of human beings was deliberately destroyed,” said Emmerson Gono, deputy head of mission for Doctors Without Borders, known by its French initials MSF, who visited Lankien in April, adding that this was his assessment based on what he observed.

A counteroffensive across Jonglei

Since the start of what authorities refer to as “Operation Enduring Peace,” satellite imagery analysed by the Centre for Information Resilience (CIR), combined with verified videos, images and witness accounts, indicates widespread destruction across a swathe of Jonglei that has long been a stronghold of opposition groups.

Both the military and opposition forces have been accused of razing villages and attacking civilians in recent months. In this area of Jonglei, which is home to a section of the Nuer ethnic group that officials often cast as hostile to the state, more than a dozen residents who spoke to Al Jazeera said they believed the military was responsible for targeted destruction that experts say has pushed tens of thousands of people towards the brink of famine.

In most of the 23 incidents CIR documented between late January and February, civilian structures, including homes, health facilities and markets, appear to have been burned and looted. CIR said the destruction was “likely to be more widespread and potentially part of what it described as a deliberate military strategy”.

“Using satellite imagery, we were able to map how troop movements from west to east followed a path of burning and looting,” said CIR researcher Kiria Borak, stressing that satellite imagery alone cannot determine intent or responsibility.

Some officials and humanitarian actors have attributed the destruction in Jonglei to clashes between government troops and opposition forces. However, residents told Al Jazeera that opposition fighters were not present when their villages were attacked. Those accounts could not be independently verified due to restricted access to the area.

Government officials did not respond to requests for comment on the specific allegations described in this report. In earlier statements, authorities have said military operations are conducted in self-defence and that civilians are not deliberately targeted.

Political backdrop

Violence has escalated since 2025, when opposition leader and first vice president Riek Machar was arrested on charges of subversion, allegations he denies. Machar and President Salva Kiir were once on opposing sides of the country’s 2013–2018 civil war, which killed hundreds of thousands of people before a peace agreement brought them into a fragile unity government.

The implementation of that agreement stalled amid delays in unifying armed forces into a national military and repeated postponements of national elections.

Following Machar’s arrest, the government undertook a campaign of aerial bombardments to beat back a simmering rebellion in rural areas. Machar’s political group declared the peace deal dead and began launching hit-and-run attacks on military positions.

Between December and January, opposition fighters, buoyed by support from local armed youth, seized several military garrisons in Jonglei, prompting the government to announce a counteroffensive on January 28.

Then-army chief Paul Nang ordered forces, drawn from the national army, intelligence units, police and allied militias, according to UN investigators, to retake territory held by opposition groups.

Analysts say the involvement of allied militias operating alongside formal units has complicated the determination of command responsibility.

‘Burning homes’

Five individuals who fled Lankien told Al Jazeera they witnessed events unfold on February 7.

They said government-aligned forces reached the outskirts of the town after fighting in a nearby village. Around late morning, mortar fire struck the town, followed by the arrival of ground forces in armoured vehicles.

Gai Ket, 32, said he had been cutting firewood when explosions began. He rushed back to town to look for his wife and children.

“The first thing I saw was smoke. SSPDF was burning homes,” he said, referring to the national army.

When he reached his house, he found his wife dead, with a severe wound to her chest. Bodies lay scattered across the neighbourhood. “Everything was gone,” he said.

Another resident, Puoch Duol, said he returned at night to search for his grandmother, who had been too weak to flee. He said he found her body among several others near the ruins of burned homes.

Satellite imagery reviewed by CIR indicates significant destruction in Lankien between February 7 and 9. On February 7, the army announced it was in control of the town.

MSF has said government forces were in control of Lankien in the days after the attack but has not assigned responsibility for the destruction. It said the government is the only party to the conflict with the capability to carry out aerial bombardments.

Government-appointed officials told Al Jazeera that opposition fighters looted the town during their withdrawal. Opposition representatives deny this, saying their forces were not present at the time. Neither account could be independently verified.

A pattern of destruction

Residents described a similar pattern of destruction across towns and villages stretching from the Nile River to the Ethiopian border. Armed men in military-style uniforms arrived in armoured vehicles, often after opposition forces were reported to have withdrawn, according to residents.

Homes and markets were burned, while health facilities and humanitarian compounds were looted. Civilians took refuge in swamps and forests, while those too weak to flee were killed or went missing.

CIR geolocated social media footage from Pathai showing fighters moving among burning structures towards a road leading into the town’s western entrance. The identities of those in the footage could not be independently verified.

Jany, an aid worker based in the town of Walgak, described an attack on February 5.

“We saw smoke everywhere. They were firing guns and burning houses,” he said.

Satellite imagery shows significant structural damage in Walgak between February 3 and 7, shortly after the town changed hands.

Humanitarian sources tracking developments in the area reported that multiple villages in the vicinity of Walgak were burned or destroyed during the same period. These accounts could not be independently verified due to restricted access and ongoing insecurity.

Remote sensing data shows clusters of fire activity across the region during the same period. However, satellite imagery alone cannot determine the cause or responsibility for the fires.

Command rhetoric and discipline

From the start of military operations, remarks by commanders raised concerns over civilian safety.

A video circulated on social media shows Johnson Olony, a deputy army chief who is also head of the Agwelek armed group, telling troops not to spare lives or property during operations. The government later said the remarks did not reflect official policy, and Olony apologised.

In another video, a commander identified as Wal Nyak appears to threaten violence against perceived opposition supporters. “Whether you are a woman or a girl, we will kill you all … We don’t want supporters of Riek Machar here,” he says.

The authenticity and full context of the footage could not be independently verified.

Humanitarian impact

Aid agencies say the consequences of the destruction reported in the area are severe and likely to last for months or longer.

At least 28 health facilities in Jonglei were damaged or looted this year, according to the UN. Seventy percent are no longer functioning.

The Integrated Phase Classification (IPC), a United Nations-backed analysis body, says there is a risk of famine in multiple counties, while more than 70,000 people are already facing the highest possible severity of hunger.

Nicholas Kerandi of the UN Food and Agriculture Organization said the impacts on food security and public health “are likely to persist through the remainder of the year and potentially beyond”.

Others say the alleged abuses in Jonglei have pushed South Sudan’s already fractured state to breaking point.

“The tribes don’t trust one another, the citizens don’t trust the government, and the government doesn’t trust its citizens,” Ter Manyang Gatwech, a human rights advocate from Jonglei, told Al Jazeera.

“Unless there is a miracle, South Sudan will disintegrate,” he said.

The preliminary deal to end US-Israel war on Iran has sent oil prices tumbling to a three-month low amid hopes that the Strait of Hormuz will reopen.

But it could be months before American consumers see major relief at the petrol pump.

The closure of the strategic chokepoint disrupted global energy markets for more than three months, cutting off a major shipping route through which roughly one-fifth of the world’s oil and liquefied natural gas normally passes.

On Sunday, US President Donald Trump said prices would “drop like a rock” once the strait reopens, a claim he has made multiple times in the past few weeks.

However, experts caution that a major decline in prices is unlikely to happen as quickly as Trump suggests.

While Asian markets rely more heavily on oil shipped through the Strait of Hormuz than North American markets, tighter supply and steady demand have pushed prices higher worldwide.

On Monday, petrol prices in the US remained above $4 per gallon (3.78 litres), averaging $4.06 nationwide, according to the American Automobile Association (AAA). This was a dip from a high in early May of $4.48 per gallon.

By comparison, prices stood at $2.98 per gallon on February 28, when the US and Israel first struck Iran, triggering a ripple effect across global energy markets.

Energy prices have risen sharply in the US in recent months, increasing 7.7 percent over the last two months alone, and are up 40 percent from a year ago, according to last week’s inflation report from the Labor Department’s Bureau of Labor Statistics,

However, prices are beginning to fall, a dip that began as Washington and Tehran entered negotiations.

“The potential deal that the US and Iran agreed to over the weekend certainly could pave the way for even lower prices… in the next two to three days by what we saw over the weekend,” Patrick De Haan, head of petroleum analysis at GasBuddy, which tracks petrol prices, told Al Jazeera.

But De Haan expects a plateau and says that consumers may not see gas prices at pre-war levels until 2027, even if the ceasefire holds.

“It may take many months, if not beyond a year, for global oil inventories to recover to pre-war levels,” De Haan said.

Amid strains on the supply chain, producers will also need time to ramp up output, while port bottlenecks and heightened demand during the busy summer travel season could delay any substantial relief for everyday consumers.

“There are some mitigating factors that are going to slow the decline in prices. There are a lot of organisations and companies that have to re-up their stockpiles [like the US’s strategic petroleum reserve] and fulfil contracts that have been on hold for the last few months,” John Deal, managing director of capital markets at the Post Oak Group investment bank, said.

Supply chain strains

Fixing kinks in the supply chain takes time.

Oil production slumped amid the war. More than 14 million barrels per day, or 14 percent of the world’s demand, has been shut, according to the International Energy Agency.

Deal said it would take time to get oil production back online.

“My sense is that there’s going to be sustained high demand through the summertime, and we probably won’t get back to pre-war levels [on petrol prices] until after the summer, maybe September or October,” Deal said.

Mark Jones, a professor of political science at Rice University, said that producers might be reluctant to bring full operations back online until they can see the ceasefire hold.

The agreement opening the blockade is for a 60-day negotiation period between the two countries.

“Many [producers] may be reluctant to restart production until they are convinced that the peace will hold, because the last thing they want to do is carry out the costly effort to restart production only to see the conflict revived and then have to shut it down once again,” Jones told Al Jazeera.

Getting production back online is also dependent on the impact individual producers have faced throughout the war.

Refineries that were shut as a precaution could reach as much as 95 percent capacity within 40-60 days, Vitol Bahrain’s head of research, Bader Nooruddin, told the Reuters news agency. Those damaged in the fighting could take much longer.

But bottlenecks at ports could be the biggest hurdle, according to Deal.

“There’s a lag time with shipping capacity. Shipping capacity is perhaps the most significant constraint,” Deal said.

This is because there are more than 500 ships still awaiting passage, according to shipping data from Kpler.

With the ships headed all over the world, it will take them weeks to reach their destinations, dock, and unload at the ports.

That also means a wave of empty ships is waiting in limbo for spots at ports to load cargo and ramp back up to normal operations.

Major shipping giants are in a holding pattern.

Norway’s Wallenius Wilhelmsen and Denmark’s Maersk both told Reuters that they have not changed their Middle East operations in the wake of the announcement.

During the war, there was limited passage through the Strait of Hormuz, with an average of 10 ships a day passing through, compared with 135 that normally transit the waterway, according to an analysis by Bloomberg.

“Tankers take months to reach their final destination and then come back again. So the ability to replenish the stocks is going to take until, I think, the early fall, just from a shipping perspective, to get back to the status quo that was in place before the conflict started,” Jones said, referring to the preferred term for the months of September through November in North America.

At the same time, US strategic reserves are running low, at their lowest levels since 1983. Reserves have tumbled by 18 percent since the war began.

“Demand might keep prices high through the summer as strategic reserves get refilled,” Deal added.

Jet fuel demand will also put pressure on consumers amid the normally busy JuneAugust travel season in the US.

“The war has really affected airlines and their ability to schedule and anticipate how the summer months are going to go,” Deal added.

In April, United Airlines CEO Scott Kirby said that airfares for the carrier may have to jump as much as 20 percent on higher fuel prices.

Grocery woes

The increase in prices is also hitting food budgets.

The most recent consumer price index report showed US inflation ticked up by 4.2 percent compared with this time last year. While inflationary pressures were mostly driven by fuel prices, the impact has still been felt at the grocery store.

Almost half of the world’s urea, which is used in fertiliser, is produced in the Gulf region and passes through the Strait of Hormuz. For American farmers, that means access to fertilisers for the next crop season is more expensive.

Tomato prices, already driven up by Trump’s tariffs on Mexico, have surged 40 percent in the last year amid rising transportation costs.

Lettuce prices rose by more than 16 percent in May, and the price of ground beef increased by about 12 percent compared with this time last year.

Jones warned that food prices may not go down.

“Many retailers, wholesalers, and producers will keep them where they are or only reduce them if forced to from a sales perspective. Unlike petrol, which tends to ebb and flow with the price of oil, prices for many other goods that have been adversely affected by all of this are much less likely to return to where they were prior to the start of the conflict,” Jones said.

“For groceries, for manufacturing goods, for anything that has gone up during the conflict, the price that is there now often becomes the new baseline from which prices move in the future.”

This can be compared with the COVID-19 pandemic period. When the pandemic stalled supply chains, producers increased prices. A 2024 investigation by the Federal Trade Commission found that retail grocers kept prices elevated after supply chain constraints brought on by the pandemic had eased.

“Some in the grocery retail industry seem to have used rising costs as an opportunity to further raise prices to increase their profits,” the report said.