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June 7, 2026 10:38 AM

US eyes Iranian assets for Gulf allies’ reconstruction

The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches. U.S. Treasury Secretary Scott Bessent has directed a team to assess costs for damages already inflicted on Gulf allies by Iran, the source said, adding that the U.S. will consider using Iranian assets for repairs ofany future destructi...

June 3, 2026 9:35 AM

Trump administration drops $1.8 billion ‘weaponization’ fund after Republican backlash

The Trump administration is abandoning the president's $1.8 billion "weaponization" fund, U.S. Acting Attorney General Todd Blanche told lawmakers on Tuesday, after a rare backlash from Republican senators. "We are not moving forward with the fund," Blanche said. "Period." But Blanche also told lawmakers that an agreement with Trump to bar future audits of his or his family's past tax records will remain in place. The fund emerged from a legal settlement between President Donald Trump and the...

June 3, 2026 9:32 AM

US, NATO allies to launch scaled-back Baltic Sea drills

The U.S. and NATO allies will launch scaled-back drills in the Baltic Sea this week, as conflicts in other regions draw ships away, though the exercise will still send a message of unity and strength to Russia, a senior German military official said. The annual exercise, held for more than five decades since 1971, brings together some 20 vessels from 15 nations with around 6,000 personnel - roughly half the size of last year's drills - during a period of heightened tensions in the Baltic region...

May 27, 2026 9:23 AM

Trump declares himself in perfect health after physical exam

U.S. President Donald Trump, who turns 80 next month, said "everything checked out perfectly" after having his physical on Tuesday at Walter Reed National Military Medical Center, following a year of public attention on apparently minor health issues. Trump offered no details of the physical in a brief Truth Social post saying he had completed his six-monthly exam. Trump frequently casts himself as more energetic and fitter than Joe Biden, his Democratic predecessor who left office last yea...

May 25, 2026 11:51 AM

Rubio says US will find ‘another way’ if Iran talks fail

The United States will either have a good agreement with Iran or deal with the country "another way," Secretary of State Marco Rubio said on Monday, as Washington played down hopes for an imminent breakthrough in the three-month-old war. Rubio told reporters in New Delhi that the U.S. would give diplomacy every chance to ‌succeed before exploring "alternatives", after President Donald Trump said on Sunday he had told his representatives not to rush into any Iran deal. There was a "pretty ...

May 25, 2026 10:29 AM

‘I am a big fan of PM Modi, India can count on me’: Trump reaffirms strong bilateral ties at Delhi event

US President Donald Trump on Sunday praised Prime Minister Narendra Modi and reaffirmed Washington’s close ties with New Delhi during a surprise live virtual address at the 250th US Independence Day celebration held at the US Embassy in New Delhi. Speaking during the event attended by External Affairs Minister S. Jaishankar, US Secretary of State Marco Rubio and US Ambassador to India Sergio Gor, Trump described himself as a “big fan” of PM Modi and said India could count on the United St...

May 24, 2026 3:22 AM

Donald Trump says US, Iran close to finalising broad peace accord

US President Donald Trump has said that Washington and Tehran were close to finalising a broad peace agreement after a series of calls with leaders from the Middle East and South Asia, including Pakistan Army Chief General Asim Munir and leaders of Gulf nations. In a post on Truth Social on Saturday, Trump said an agreement had been "largely negotiated" between the United States, Iran and several regional countries, with only final details left to be completed. "I am in the Oval Office at the ...

May 21, 2026 12:03 PM

Tehran reviewing latest US response as Trump suggests he can wait

Iran said on Thursday it was reviewing Washington's latest position on ending the war after U.S. President Donald Trump suggested he was prepared to wait a few days to "get the right answers" from Tehran but warned of renewed attacks if it did not agree to a deal. "We have received U.S. views and are reviewing them," Iranian state-run agency Nour News quoted Foreign Ministry spokesperson Esmaeil Baghaei as saying. Pakistan, which hosted peace talks last month and is acting as the conduit fo...

May 18, 2026 2:55 PM

Trump may have to wait for rate cuts until the Iran war is over, he tells Fortune

U.S. President Donald Trump conceded in an interview with Fortune magazine published on Monday that he may have to wait until the war with Iran was over for more interest rate cuts. “You can’t really look at the figures until the war is over,” he said. Trump said Iran was "dying to sign" a ceasefire deal with the U.S. "But they make a deal, and then they send you a paper that has no relationship to the deal you made." he told Fortune. (Reuters)...

May 13, 2026 5:22 PM

Trump’s designs on Greenland prod investment, tourism likely to pay off faster than mines

New focus on Greenland since Donald Trump declared his aim to seize it could help boost investment there, with Arctic tourism likely to pay off faster than ambitious future plans to mine for minerals, the head of Denmark's export credit agency said. The governments of Greenland and Denmark have rejected Trump's repeated demands that the self-governing Danish territory become part of the United States. But since Trump's designs thrust Greenland into the headlines, there has been a surge of inter...