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The US will impose “the toughest sanctions in history” on Iran, Treasury Secretary Scott Bessent said yesterday, a focus on economic measures he suggested would lessen the need for new major military operations against Tehran. His statement followed President Donald Trump’s threat a day earlier of “Economic Warfare” and warning of economic consequences against any country that provided “any type of lifeline to Iran”. Oil prices rose to more than a three-week high yesterday following those US threats of financial penalties aimed at forcing an end to a nearly six-month-old war that has stranded millions of barrels of Middle Eastern oil.“I’m not sure why oil has popped up on this,” Bessent told CNBC. “If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart,” he said, using a term referring to military force. Thousands have been killed in the conflict, which drew in Gulf nations and shocked markets as Iran flexed its ability to curb shipping through the Strait of Hormuz — a waterway that carried about a fifth of all traded oil before February. The US and Iran have twice announced ceasefire deals, in April and June, aiming to restore the free flow of shipping through Hormuz on a path towards ending the conflict, but both quickly crumbled. Before Bessent spoke, Iran’s foreign ministry said it condemned US economic and trade sanctions, calling them “economic terrorism” that would target ordinary Iranians and amount to crimes against humanity. Bessent told CNBC he would share more details and “talk about exactly what we’re going to do” on Iran at a press conference on Monday. “It is a one-two punch. We have the blockade (on Iran), and we are going to have the toughest sanctions in history,” he added, referring to a US naval blockade imposed on Iran in April and paused for a month in mid-June. “It is going to work in Iran and we are going to collapse this regime. It is time for our allies and the rest of the world to make a decision,” he said.When asked if the United States could target China for doing business with Iran, Bessent said many conversations were best to have in private. “Keep in mind that the Chinese get 50% (of their) energy from inside from the Gulf. So it would do them a big service to get with the programme,” he said. China buys more than 80% of Iran’s shipped oil, according to 2025 data from analytics firm Kpler, but engaging in further economic warfare with China, a major exporter to the US including vital rare-earth minerals, risks retaliation against Washington. In a social media message on Wednesday, Trump promised “Economic Warfare and Isolation on an unprecedented scale,” although details were scant.Iran has weathered near-continuous, punishing economic sanctions for nearly 50 years, since the Islamic Revolution of 1979. “ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences,” Trump wrote.Iranian Foreign Minister Abbas Araqchi called Trump’s comments an attempt to divert American public opinion from domestic financial problems, including record debt and rising interest rates. He said Washington’s insistence on policies he described as failed would bring further failures and alienate Iranians.“America’s economic terrorism threatens the global economy and the national sovereignty of countries around the world,” he said on X. Trump has yet to achieve the objectives he set out at the start of the war: dismantling Iran’s nuclear programme, curbing its ability to attack regional rivals and creating conditions for Iranians to overthrow their clerical rulers.Trump’s social media threats and announcements do not always get implemented as written. He did not say what specific steps the US would take or name any country, though the warning would appear to extend to US allies that have helped mediate peace talks. Iran has separately been negotiating an agreement on managing the Strait of Hormuz with Oman and has said several times in recent weeks that an agreement was close.Trump responded on Monday to those negotiations with a threat, warning he might bomb the Gulf state, a longstanding U.S. security partner, if it “gets in the way”.Omani Foreign Minister Badr Albusaidi, speaking after meeting his Japanese counterpart, said yesterday that lasting security in the strait required a permanent peace in the region and rejected further escalation. Source link
The handout photo released from the Shenzhen Intermediate People’s Court on Thursday shows Evergrande founder Xu Jiayin (centre) during a trial in Shenzhen, southern China’s Guangdong…
Four workers were killed on Thursday morning after being struck by an express train while carrying out maintenance work on the tracks at a train station in Japan’s Tochigi Prefecture, north of Tokyo.Japanese public broadcaster (NHK) reported that the four workers were on the tracks to remove weeds when the accident occurred on Thursday morning at Shin-Kanuma Station on the Tobu Nikko Line.The four were taken to the hospital unconscious and were later pronounced dead.Police and firefighters are investigating the details of the incident. Related Story Source link
US President Donald Trump announced what he called the “most crushing economic operation” against Iran, stressing that the operation would amount to “economic warfare and isolation on an unprecedented scale”.In a post on his Truth Social platform, Trump said that “any country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face tremendous economic consequences.”The US president stressed the need to immediately halt oil smuggling, barter arrangements, cash transfers, money-exchange companies, shipping registries, and front companies.Trump described these measures as an “economic D-Day,” calling on all US allies to stand with Washington in order to isolate and defeat the Iranian threat.He added that no one has given the Islamic Republic of Iran a greater opportunity to reach a deal than he had, adding that unfortunately for them, they failed to take it.The US President had previously announced that there were no talks currently taking place or scheduled with Iran, adding that the naval blockade remained fully in effect, and that the Strait of Hormuz was open and operating normally. He also said that all naval mines had either been removed or detonated. Source link
Former Meta engineer resumes testimony in landmark trial over social media’s harm to young users
Arturo Bejar, a former Facebook safety engineer and Instagram consultant, reacts, as Meta faces a landmark trial in federal court over claims from 29 states that…
A handout photograph shows a member of Brazil’s Federal Highway Police at the scene of a collision between a bus and a truck on a highway…
A paralysed 84-year-old woman has been found alive three days after a strong earthquake flattened her home on an Indonesian island, an official said yesterday, as the death toll rose to 73.More than 900 people were injured and nearly 60,000 displaced by the 7.7-magnitude quake that struck off Indonesia’s Flores island on Saturday, according to the BNPB disaster mitigation agency.Paulina Pobi’s house on a small island north of Flores was one of hundreds knocked down by the earthquake, with the 84-year-old buried alive under collapsed bamboo walls.She had remained there until her family, who initially thought she had been rescued and taken to a shelter, returned to look for her on Tuesday.”Because she was paralysed, she couldn’t move or speak, so it wasn’t until the fourth day that her family finally found her,” local official Rudolfus Riba told AFP.”She is in good health; there were no injuries at all. She was just a bit weak because she hadn’ t eaten or drunk anything for days,” Rudolfus said.”It feels unreal, almost like a miracle.”More than 3,000 aftershocks have been recorded since Saturday, at least 86 of them strong enough to be felt by residents, according to the BMKG geological agency.The tremors have made many too afraid to return to their damaged homes.The BNPB said nearly 400 tonnes of aid, including food, water and medicines, have been delivered since Saturday.Indonesia frequently experiences earthquakes because it lies on the Pacific “Ring of Fire”, a zone of intense seismic and volcanic activity that stretches from Japan through Southeast Asia and across the Pacific Ocean.In 2004, a powerful 9.1-magnitude earthquake off the coast of Sumatra triggered a tsunami that killed about 220,000 people across the region, including around 170,000 in Indonesia. Source link
Onlookers and fire personnel gather at the site following a fire at a hotel in Kolkata yesterday. (AFP) A fire ripped through a hotel in the Indian city of Kolkata yesterday, killing nine people, including five Bangladeshi nationals who were seeking medical care, officials said.”Nine people were killed, including a child, in the fire that broke out early on Wednesday,” Anuj Sharma, the fire services director of West Bengal state, told AFP.”Thick smoke enveloped the hotel. Some victims were found in the bathrooms.”Building fires are common in India due to a lack of firefighting equipment and routine disregard for safety regulations.The Kolkata blaze came only two days after eight people were killed in another hotel fire in West Bengal’s holy town of Tarapith, where devotees had gathered for the sacred month of Shravan.Sharma said preliminary information suggested an air conditioner at the budget Shika Inn hotel in Kolkata, the West Bengal capital, may have exploded and caused the blaze, Sharma said.Bangladesh’s deputy high commission in Kolkata said Indian authorities told them that five of those killed were Bangladeshi nationals.”Of the nine, five are Bangladeshis, four of whom are from the same family,” it said in a statement.Santosh Pathak, a member of West Bengal’s ruling party, said the Bangladeshi nationals had travelled to Kolkata for medical treatment.Hundreds of thousands of Bangladeshis travel to India every year seeking affordable medical treatment.Kolkata accounts for more than half of those medical travellers because of its proximity to the Bangladesh capital Dhaka, according to official figures.— Dense smoke —A forensic team was deployed to examine the scene after the Kolkata fire had been brought under control.At least 60 guests were staying at the hotel, police said in a statement. Media reports said six people were injured and taken to hospital for treatment.Atiyar Rehman, a guest from Satkhira in Bangladesh, told the *Indian Express newspaper that the hotel had no fire safety system.”We woke up struggling to breathe in the smoke. We somehow managed to escape,” Rehman said.Indian Prime Minister Narendra Modi said he was “extremely pained” to learn about the loss of life.”May the injured recover at the earliest. The local administration is assisting those who are affected,” he said in a social media post.West Bengal Chief Minister Suvendu Adhikari said on X a five-member team would conduct a “comprehensive inquiry” into the Kolkata fire.The state’s fire minister, Kaushik Chaudhary, said police were probing possible safety lapses at the hotel, located in a crowded and busy part of Kolkata.Firefighters used ladders to scale the building, get inside through the windows and rescue people who were trapped.”The dense smoke made it difficult for firefighters to climb the staircase and reach the upper floors,” a police officer was quoted as saying by the Press Trust of India news agency. Source link
President Donald Trump speaks about the helipad being constructed on the South Lawn, at the White House, in Washington DC, yesterday. (Reuters) US President Donald Trump yesterday announced his plans to meet with North Korean leader Kim Jong Un later this year, saying the Asian nation held 57 nuclear weapons.The remarks came after Trump ordered Pentagon officials to cut short joint military exercises with South Korea, saying they sent a message to Pyongyang that was “totally inappropriate and hostile” to a country that had been “unthreatening and respectful.” Asked yesterday if he expected to meet Kim later this year, Trump responded: “Yeah, I will be.”Trump said on Monday he had received a response from Kim following his attempts to reengage. The Wall Street Journal reported that he has pushed aides to arrange an in-person meeting with Kim as soon as this autumn. Trump’s remarks came just after Kim’s powerful sister, Kim Yo Jong, said she was unaware of any recent communications between the two countries’ leaders.Kim Yo Jong also said that while the relationship between the leaders of the US and North Korea was “truly great,” Washington was still carrying out the drills with Seoul and threatening the national security of Pyongyang. Trump held an unprecedented series of summits with Kim in 2018 and 2019, but the diplomatic efforts broke down over US demands that North Korea give up its nuclear weapons. Trump has since referred to North Korea repeatedly as a “nuclear power,” although his administration advocates denuclearisation and does not formally recognise it as a nuclear-weapon state. Trump has sought to revive the diplomatic efforts in his second term. “I know Kim Jong Un very well, and he’s going to be fine as long as we have a smart president,” he told reporters on yesterday during a tour of a helipad he is constructing on the White House’s historic South Lawn.“The fact that I get along with him — that’s a good thing, not a bad thing. He has 57 very powerful nuclear weapons,” Trump said. “They should have never allowed it. If I were president, I wouldn’t have allowed it. But he’s got them.” Trump’s citing of a specific number of North Korea’s nuclear weapons was highly unusual.The US government does not publicly publish an official estimate of North Korea’s nuclear arsenal, although a 2025 report by the Congressional Research Service cited non-governmental experts as estimating that North Korea has produced enough fissile material for up to 90 warheads but may have assembled approximately 50. In June, the Stockholm International Peace Research Institute estimated that North Korea has “possibly assembled around 60 warheads, possesses enough fissile material to produce at least 30 more.” During Trump’s first term, Kim called Trump a “mentally deranged US dotard” and threatened that he had use of a “nuclear button” on his desk. But the two leaders turned that tension into face-to-face meetings, including a brief exchange at the demilitarised zone between the Koreas in which Trumpbecame the first sitting USpresident to step into North Korean territory. Source link
Korean soldiers during an anti-terror drill at a hotel in Seoul yesterday. (AFP) Annual war games between Republic of Korea and the US will end around a week earlier than planned, both countries said yesterday, after US President Donald Trump ordered the “inappropriate and hostile” drills scaled back.Trump said on Sunday that he had told the Pentagon to curtail the annual Ulchi Freedom Shield exercises — a day before they started — citing his “good relationship” with North Korean leader Kim Jong-un.Pyongyang’s state media criticised the drills on Wednesday as a “most immediate and open threat”, without mentioning Trump’s order.Hours later, Seoul’s military said the drills would wrap up on Friday, not on August 27 as originally planned.”We have decided to adjust the UFS exercise period to run from the 17th to the 21st,” Korea’s Joint Chiefs of Staff said in a statement.The decision was made “at the suggestion of the US side”, it added.The Pentagon said the “substantially reduced” drills would “preserve essential readiness and… (cause) no degradation to US training objectives”.The exercises are designed to prepare for a possible attack by North Korea.They were understood to consist of two phases: the first, focused on defending against potential North Korean threats, was due to run until Friday; and the second, focused on a counter-offensive, from August 24-27.The second phase is now understood to have been scrapped.A Korean military official told AFP that Seoul viewed the decision as “unusual”.Nuclear-armed North Korea has long voiced outrage at the exercises, considering them dress rehearsals for an invasion.Yesterday’s commentary by the state-run Korean Central News Agency said they pose “the most immediate and open threat” to North Korea and “regional security”.It did not mention Trump’s order or his desire to resume talks with Kim, with whom he has hinted at being in contact.In the initial announcement on his Truth Social platform, Trump described the drills as unfriendly towards a country that had been respectful to him.Seoul’s presidential office said on Tuesday the drills did not reflect “any intention to attack North Korea or escalate tensions on the Korean peninsula”.Trump has insisted that he is making the situation “much safer” through his ties with Kim.Asked on Monday whether Kim had responded to his requests for a conversation, Trump said: “Yeah, he has.”He said the discussions had been “very positive”, but provided no further detail.The Wall Street Journal reported on Tuesday, citing unnamed US officials, that Trump is pushing aides to set up a meeting with Kim as soon as this autumn.”Reducing exercises could have a positive impact on the possibility of US-North Korea dialogue,” Park Won-gon, a professor at Ewha Womans University, told AFP.”The suspension of joint exercises has always been a prerequisite for North Korea to engage in dialogue with the US,” he added.Trump and Kim met three times in his first spell in the White House, but they have not held talks during his second term.The US stations about 28,500 troops in Korea to bolster the country’s defences, a legacy of the 1950-53 Korean War that ended with an armistice rather than a peace treaty.However, Trump’s repeated criticism of time-honoured alliances has cast doubt on US commitments to security in East Asia and alarmed regional allies. Source link
