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June 20, 2025

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Critical Metals (NASDAQ:CRML) got a boost on Monday (June 16), landing a letter of interest (LOI) for a non-dilutive US$120 million funding package from the Export-Import Bank of the US (EXIM).

The funds would be used to advance its Tanbreez rare earths project in Southern Greenland.

Touted as one of the world’s largest rare earths deposits, Tanbreez is expected to produce up to 85,000 metric tons of rare earth material annually, with more than 27 percent classified as heavy rare earth elements.

“This is a tremendous milestone for Critical Metals Corp which highlights to the rare earths supply chain, Western Governments and investors that Tanbreez is a world-class asset that will provide mission-critical rare earth metals to counter China’s continued dominance,” said Critical Metals CEO and Chairman Tony Sage.

The funding would support pre-production, technical studies and early mining activities. EXIM’s financing falls under its new Supply Chain Resiliency Initiative and comes with a 15 year repayment term.

Critical Metals acquired a controlling stake in Tanbreez in June 2024 in a transaction valued at up to US$211 million. It expects the asset to require US$290 million in capital expenditure to advance to initial commercial production.

The US$120 million from EXIM would support key early stage work at Tanbreez, including technical and economic studies, pre-production activities and the start of mining operations.

The company is aiming to complete a definitive feasibility study by late 2025.

Critical Metals also plans to invest an additional US$10 million in exploration this year, giving it the option to increase its ownership in the project to 92.5 percent through the acquisition of a further 50.5 percent stake.

“We are now razor focused to put Tanbreez into production as soon as possible,’ said Sage.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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A court in Bamako has ordered the temporary transfer of operational control of Barrick Mining’s (TSX:ABX,NYSE:B) Loulo-Gounkoto gold-mining complex to a state-appointed administrator for six months.

The ruling, handed down on Tuesday (June 17) by the Tribunal de Commerce, empowers former health minister and certified accountant Soumana Makadji to run one of Barrick’s most lucrative global assets.

The company has described the move as “unjustified” and “unprecedented.”

According to Judge Issa Aguibou Diallo, the ruling was made under Article 160-1 of the OHADA corporate law framework, which allows a court to appoint a provisional administrator when the regular functioning of a company becomes impossible. The administrator, Makadji, is tasked with reopening the mine site, participating in negotiations with Barrick and reporting to the court on a quarterly basis — though not to the government.

Makadji is seen in Bamako as a technocrat with strong ethical credentials. His appointment is intended to stabilize operations at Loulo-Gounkoto, which Barrick suspended in January 2024 after the Malian government physically removed unsold gold from the mine and froze the company’s ability to export.

Despite the administrative change, Barrick maintains that its subsidiaries remain the legal owners of the mine.

In a statement released on Monday (June 16), the company emphasized that its “ongoing efforts to reach a constructive and sustainable resolution” have been met with escalatory actions by the state.

“While the company has made a number of good-faith concessions in the spirit of partnership, it cannot accept terms that would compromise the legal integrity or long-term viability of the operations,” Barrick said.

Arbitration and legal fallout

Barrick has already launched international arbitration proceedings at the World Bank’s International Center for Settlement of Investment Disputes, as per a May 29 Reuters article.

The company has asked the tribunal to declare that its Malian subsidiaries are protected under longstanding mining conventions, which it argues are not subject to retroactive legislative changes. Mali, however, contends that the convention covering Loulo expired in April 2023, subjecting it to the updated mining code.

The arbitration tribunal has now been formally constituted, and Barrick has filed a request for provisional measures to prevent Mali from further intervening until the dispute is resolved.

A disputed settlement

In February 2024, a tentative settlement appeared close. According to Jeune Afrique, Barrick had agreed in principle to pay 225 billion West African CFA francs (roughly US$396 million) in instalments, recognize the new 2023 mining code and convert Mali’s 20 percent equity stake in Loulo-Gounkoto into “priority shares.”

The government would in turn release the seized gold and free the detained executives.

But the deal collapsed. A Malian negotiator later claimed Barrick had signed the “wrong” agreement and warned the government had “the right to take control of the mines” if the company failed to resume operations.

The ruling junta, led by Colonel Assimi Goïta, has made resource nationalism a hallmark of its post-coup economic strategy. Since coming to power in 2020, the military-led regime has shown a willingness to pressure foreign firms to comply with state priorities, especially in strategic sectors like mining.

The Loulo-Gounkoto dispute is now emblematic of the wider uncertainty surrounding foreign investment in Mali, a country where gold accounts for over 70 percent of export earnings.

Future implications

Loulo-Gounkoto is a cornerstone of Barrick’s global portfolio.

In 2023, the complex produced 723,000 ounces of gold, second only to Barrick’s Carlin mine in Nevada. It boasts remaining reserves of 7.3 million ounces, making it one of the largest high-grade gold systems in the world.

The financial implications of the shutdown are significant. Analysts warned in December that continued disruptions at the site could cut 11 percent from Barrick’s projected 2025 EBITDA.

Morningstar had earlier projected that Loulo-Gounkoto would contribute 250,000 ounces to Barrick’s output this year — an estimate now scrapped from the company’s 2025 guidance.

Further complicating matters, the permit for the Loulo section of the complex is set to expire in February 2025, just weeks after the six month provisional administration period ends. Barrick said it applied for a renewal four months ago, but has received no response from the government. The Gounkoto permit remains valid for another 17 years.

Barrick has said it remains committed to reaching a “mutually acceptable solution” and has appealed the court’s decision. But with no public comment from the Malian government and the provisional administrator now in place, a quick resolution appears unlikely.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Several Boeing 747s have been spotted on radar leaving China for Iran over the last week, according to reports, sparking concerns that the CCP is helping the Middle Eastern nation transport cargo or people out of the country as Israel continues to strike the country’s nuclear facilities. 

Starting on June 14th, FlightRadar24 shows that at least five flights traveled from China to Iran, and The Telegraph reported that the ‘mystery transport planes’ had flown westward along northern China before crossing into Kazakhstan, south through Uzbekistan and Turkmenistan, and then fell off radar as they approached Iran. 

Additionally, the report indicated that the flights had a final destination of Luxembourg but don’t appear to have ever crossed into European airspace.

Some experts have speculated that these types of planes are typically used for transport and could be evidence of China aiding its longtime ally Iran during the conflict with Israel, although Fox News Digital has not independently confirmed the nature of the flights. 

‘I think it’s important to remember what the relationship is, forty-three percent of China’s oil and gas comes from the Middle East, a large volume of that from Iran,’ Robert Greenway, director of the Heritage Foundation’s Center for National Defense, told ‘The Ingraham Angle’ on Wednesday night. 

‘It likes to buy sanctioned oil below market value, and that fuels the Chinese economy and also its military ambitions, and so, that’s the central relationship. They’ve been relatively quiet – in fact, extremely quiet – about the current conflict and coming to Iran’s assistance. We also know that a large fire in Bandar-Bas port was Chinese solid propellant for missiles that exploded and created a tremendous amount of damage just about a month ago. I think it’s unlikely to see Chinese arms shipments under the circumstances to Iran. It’s more likely that Iran may be removing material or personnel or regime valuables to safe haven in light of the conflict. I think that’s probably the extent to which China is willing to accept the risk associated with the current circumstances.’

In 2021, Fox News Digital reported that Tehran and Beijing signed a 25-year cooperation deal amidst great fanfare in the Iranian capital. University of Tehran Professor Mohammad Marandi, who is close to the regime, told Fox News that it is about much more than what’s on paper. 

‘This strategic partnership is important because it allows Iran and China to build a roadmap for long-term relations that will be much more fruitful,’ he said. ‘It’s also a signal being sent to the United States. The more the U.S. tries to isolate Iran and China, the more it causes countries like Iran and China to move more closely to each other.’

Some have cast doubt on the flights representing a nefarious connection between the two nations, including Atlantic Council fellow Tuvia Gering who posted on X that an aviation expert told him the flights are ‘nothing to write home about.’ 

‘There are regular cargo flights by the Luxembourg-based freight company from several locations in China to Europe, with a stopover in Turkmenistan (just a few dozen kilometers from the Iranian border),’ Gering wrote. 

‘Some flight tracking websites lose the tracking signal shortly before landing and continue to show a projected route that appears to enter Iranian airspace. The sites clearly indicate that this is an estimated path; checking the aircraft tail numbers shows they take off again from Turkmenistan a few hours later, and reviewing the flight history of these routes shows they always land in Ashgabat and do not continue into Iran. All this is before even considering the obvious logic that a major European cargo company is highly unlikely to be the channel through which China transfers its super-advanced, top-secret strategic weapons to Iran.’

Tensions between Iran and Israel have escalated significantly in recent days, with the United States contemplating whether it will get directly involved in striking Iran. President Donald Trump has repeatedly said that Iran cannot have a nuclear weapon, and he is expected to meet with national security and defense leaders again on Thursday. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this that Iran’s got a lot of trouble, and they want to negotiate,’ Trump said Wednesday. 

‘And I said, why didn’t you negotiate with me before all this death and destruction? Why didn’t you go? I said to people, why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country. It’s very sad to watch this,’ the president added.

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U.S. troops based in the Middle East could face increased attacks in the coming days or weeks, should the U.S. decide to become involved in the growing conflict between Israel and Iran. 

White House Press Secretary Karoline Leavitt said Thursday that President Donald Trump will make a decision in the next two weeks whether the U.S. will move forward and strike Iranian nuclear facilities. 

‘Yes, I may do it. I may not do it,’ Trump said Wednesday. ‘I mean, nobody knows what I’m going to do. I can tell you this, that Iran’s got a lot of trouble, and they want to negotiate.’ 

Meanwhile, Iran has issued a clear message: Doing so will come with consequences. Iran has cautioned that the U.S. will suffer if it chooses to become involved in the conflict, and previously issued retaliatory strikes against bases where U.S. troops were housed after the U.S. killed a top Iranian general in 2020. 

‘The Americans should know that any U.S. military intervention will undoubtedly be accompanied by irreparable damage,’ Iran’s Supreme Leader Ayatollah Ali Khamenei said Wednesday, according to state media. 

The Pentagon has bolstered its forces in the Middle East in light of the growing tensions, including sending the aircraft carrier Nimitz from the South China Sea to join the aircraft carrier Carl Vinson in the Middle East. 

The Pentagon referred Fox News Digital to Department of Defense spokesperson Sean Parnell’s Monday statement that American forces remain in a ‘defensive posture’ and Hegseth’s announcement Monday that more forces had been deployed to the Middle East. 

‘Protecting U.S. forces is our top priority and these deployments are intended to enhance our defensive posture in the region,’ Hegseth said Monday. 

Sen. Richard Blumenthal, D-Conn., pressed Hegseth Wednesday for details regarding what contingency plans are in place from drones amid rising tensions in the Middle East. Three U.S. service members were killed in an unmanned drone attack in Jordan in January 2024 that was attributed to an Islamic Revolutionary Guard Corps-backed militia. 

‘I have no assurance that we have the capacity to safeguard against a swarm of small, lightweight, slow-moving drones that are, in my view, our major vulnerability, and right now, if we engaged in the Iran conflict, would put us and U.S. personnel at risk there,’ Blumenthal said Wednesday. 

The U.S. currently has more than 40,000 U.S. troops and Defense Department civilians stationed in the Middle East. Here are some of the countries where U.S. military personnel are based and could face heightened threats:

Iraq 

Roughly 2,500 U.S. military personnel are stationed in Iraq as of September 2024, and are assigned to Combined Joint Task Force–Operation Inherent Resolve, according to the Department of Defense. Their role in Iraq involves advising and supporting partner forces in the region to defeat ISIS. 

Following the 2020 U.S. airstrike that killed Iranian Gen. Qassem Soleimani in Iraq, Iranian forces launched ballistic missile attacks at Erbil Air Base and Ain al-Asad Air Base in Iraq, where U.S. troops are stationed. 

Jordan

About 350 U.S. troops are deployed to Jordan at a remote military base known as Tower 22, according to the Department of Defense. 

In January 2024, three soldiers were killed and another 40 were injured when a one-way uncrewed aerial system struck Tower 22. 

In May, ten New York Army National Guard soldiers were awarded the Purple Heart for the injuries they suffered in the attack. The Pentagon blamed an Iranian-backed militia for the attack. 

Kuwait

The U.S. currently operates five bases in Kuwait: Camp Arifjan, Ali Al Salem Air Base, Camp Buehring, Camp Patriot and Camp Spearhead. 

As of January, approximately 13,500 U.S. troops are based there and primarily are focused on eliminating the threat of ISIS, according to the U.S. State Department. 

Qatar 

Qatar hosts U.S. Central Command’s forward headquarters at Al Udeid Air Base, home of the Air Force’s 379th Air Expeditionary Wing, which Air Forces Central Command has dubbed the ‘largest and most diverse wing’ within the command. The wing includes airlift, aerial refueling intelligence, surveillance and reconnaissance, and aeromedical evacuation assets, according to Air Forces Central Command. 

Bahrain 

Naval Forces Central Command is based out of Manama, Bahrain, where it spearheads a coalition of regional and international partners that are focused on supporting task forces targeting counterterrorism, counter-piracy and maritime security in the region. 

The Navy first established a base in Bahrain in 1971, which has hosted Naval Forces Central Command since 1983. 

United Arab Emirates

Just 20 miles south of the United Arab Emirates capital of Abu Dhabi is Al Dhafra Air Base, home of the Air Force’s 380th Air Expeditionary Wing. 

The wing includes unmanned aircraft including the RQ-4 Global Hawk, a remotely piloted surveillance aircraft. 

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Army Gen. Michael ‘Erik’ Kurilla is no stranger to conflict, especially in the Middle East. 

Two decades ago as a lieutenant colonel, he was at the front lines of combat fighting off insurgents in Mosul, Iraq, while leading the 1st Battalion, 24th Infantry Regiment. The battalion’s mission was to conduct security patrols and coordinate offensive attacks against anti-Iraqi insurgents targeting Iraqi security forces and Iraqi police stations. 

During Kurilla’s tenure leading the battalion, more than 150 soldiers earned the Purple Heart for injuries, and the battalion lost at least a dozen soldiers, The New York Times reported in August 2005. 

‘There will always be somebody willing (to) pick up an AK-47 and shoot Americans,’ Kurilla told The New York Times in August 2005. 

Kurilla did not complete that deployment unscathed. Later, in August 2005, Kurilla found himself caught in a Mosul, Iraq, firefight, where he sustained multiple gunshot wounds, earning him a Bronze Star with valor and one of his two Purple Heart awards. 

Now, Kurilla is facing another battle as the commander of U.S. Central Command, or CENTCOM, serving as the top military officer overseeing U.S. military forces based in the Middle East.

That means Kurilla, who attended the U.S. Military Academy at West Point, is at the forefront of military operations as President Donald Trump contemplates whether to engage in military strikes against Iran’s nuclear sites. 

CENTCOM is one of the U.S. military’s 11 combatant commands and encompasses 21 nations in the Middle East in its area of operations, including Iraq and Afghanistan. 

Those familiar with Kurilla claim he’s the perfect person for the job, and Secretary of Defense Pete Hegseth described Kurilla as an uplifting leader. 

‘General Kurilla is a bold, dynamic, and inspiring leader who strikes fear into the hearts of America’s enemies,’ Hegseth said in a statement Thursday to Fox News Digital. ‘He’s a warrior through and through who always puts his country, mission, and troops first. It has been an honor to serve alongside him in defense of our great nation.’

Retired Army Gen. Mark Milley, the former chairman of the Joint Chiefs of Staff, said in 2022 when Biden nominated Kurilla for the role that Kurilla is the ideal CENTCOM leader. 

‘If there ever was some way to feed into a machine the requirements for the perfect leader of CENTCOM — the character traits, the attributes, the experiences, the knowledge and the personality that would be ideal — that machine would spit out Erik Kurilla,’ Milley said in 2022, according to the Defense Department. ‘Erik’s got vast experience in combat (and) on staffs.

‘He’s a visionary, he’s a thinker and he’s a doer,’ Milley said. ‘He understands both the physical and human terrain and is able to identify root causes of problems and develop systems. He’s not at all a linear thinker. He’s actually a very gifted problem-solver.’

Retired Marine Corps Gen. Frank McKenzie, Kurilla’s CENTCOM predecessor, voiced similar sentiments. 

‘I can’t think of anybody better qualified to lead CENTCOM’s next chapter than Erik Kurilla,’ McKenzie said in 2022, according to the Pentagon. ‘He’s no stranger to the CENTCOM (area of operations). He’s no stranger to the headquarters.’

Notable figures who’ve previously filled the job leading CENTCOM include former defense secretaries, retired Gen. Jim Mattis, who served during Trump’s first term, and retired Gen. Lloyd Austin, who served during former President Joe Biden’s administration.

Fox News Digital reached out to CENTCOM, McKenzie and Milley for comment and did not get a response by the time of publication. 

The region is familiar territory for Kurilla. The general spent a decade between 2004 and 2014 overseeing conventional and special operations forces during consecutive tours in the Middle East that fell under the CENTCOM purview. 

Additionally, Kurilla has served in key CENTCOM staff and leadership positions, including serving as the command’s chief of staff from August 2018 to September 2019. Prior to leading CENTCOM, the general also commanded the 2nd Ranger Battalion, the 75th Ranger Regiment, the 82nd Airborne Division and the XVIII Airborne Corps, according to his official bio. 

In addition to deploying to Iraq as part of Operation Iraqi Freedom and Operation Inherent Resolve, he deployed to Afghanistan with Operation Enduring Freedom. Other awards he’s earned include the Combat Infantryman Badge, awarded to Army infantry or special forces officers who’ve encountered active ground combat. 

Kurilla, who the Senate confirmed to lead CENTCOM in February 2022 and will exit the role later in 2025, told lawmakers on the House Armed Services Committee June 10 that, since October 2023, when Hamas first attacked Israel, American service members have faced increased threats in the region. 

Specifically, he said, U.S. troops have come under direct fire by nearly 400 unmanned aerial systems, 350 rockets, 50 ballistic missiles and 30 cruise missiles launched by Iranian-backed groups. 

He said CENTCOM has encountered the ‘most highly kinetic period than at any other time in the past decade.’

‘We have been at the brink of regional war several times with the first state-on-state attacks between Iran and Israel in their history,’ Kurilla told lawmakers. ‘In the Red Sea, Houthi attempts to kill Americans operating in the Red Sea necessitated an aggressive response to protect our sailors and mariners and restore freedom of navigation. This is while Tehran is continuing to progress towards a nuclear weapons program — threatening catastrophic ramifications across the region and beyond.’ 

As a result, Kurilla said CENTCOM is prepared to use military force to prevent Iran from becoming a nuclear-armed state. Kurilla said he has provided Trump and Secretary of Defense Pete Hegseth a host of options to employ to eliminate the threat of a nuclear Iran. 

Since Kurilla’s testimony, tensions have escalated even further in the Middle East after Israel kicked off massive airstrikes against Iran’s nuclear sites that Israel claims have killed several high-ranking military leaders. Likewise, Iran also launched strikes against Israel as the two ramp up military campaigns against one another.

Trump is still navigating whether the U.S. will conduct direct strikes against Iran. Trump told reporters he may order strikes targeting Iranian nuclear sites and that the ‘next week is going to be very big.’

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do,’ Trump said. ‘I can tell you this, that Iran’s got a lot of trouble, and they want to negotiate.’ 

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After a week of intense speculation about whether President Donald Trump will launch a strike on Iran in support of Israel’s efforts to eliminate the country’s nuclear weapons program, White House press secretary Karoline Leavitt announced there is a ‘substantial chance’ for renewed negotiations.

This comes as Iranian Foreign Minister Abbas Araghchi is reportedly scheduled to meet with European leaders in Geneva Friday.

Speaking with reporters in the White House press briefing room Thursday, Leavitt confirmed U.S. and Iranian officials have engaged in six rounds of direct and indirect negotiations during the conflict with Israel, which broke out June 13.

Leavitt, however, did not say whether U.S. Special Envoy Steve Witkoff, who has been leading the president’s negotiations with Iran, would be present for the meetings in Geneva.

Asked by Fox News Senior White House Correspondent Jacqui Heinrich whether the fact that Iranian officials had found a way to get to Geneva meant they could also get to the White House to engage in negotiations, Leavitt responded: ‘I am not going to get into hypotheticals, but as you heard from the president yesterday, they have expressed interest in doing so.’

Addressing the possibility of the U.S. becoming directly involved in the conflict, Leavitt read a message from the president saying, ‘Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks.’

While she said Trump is hoping to find a diplomatic solution to the conflict, she said he has simultaneously been very ‘direct and clear’ that the terms of any deal with the country must include no enrichment of uranium, which would contribute to the Iranian nuclear program the president has long opposed.

She stressed the U.S. faces a serious threat due to Iran’s nuclear program, saying, ‘Iran has never been closer to obtaining a nuclear weapon.’ 

‘Iran has all that it needs to achieve a nuclear weapon. All they need is a decision from the supreme leader to do that,’ said Leavitt. ‘And it would take a couple of weeks to complete the production of that weapon, which would, of course, pose an existential threat not just to Israel, but to the United States and to the entire world.’

Nonetheless, Leavitt said, ‘Iran is absolutely not able to achieve a nuclear weapon. The president has been very clear about that. And, by the way, the deal that Special Envoy Witkoff proposed to the Iranians was both realistic and acceptable within its terms, and that’s why the president sent that deal to them.’

Leavitt emphasized Trump’s stance that Iran ‘can and should make a deal’ to end the conflict or ‘they will face grave consequences.’

‘Iran is in a very weak and vulnerable position because of the strikes and the attacks from Israel,’ she said. ‘We sent a deal to them that was practical, that was realistic.’

According to French outlet RFI, the talks Friday with the Iranians will include French Foreign Minister Jean-Noël Barrot, U.K. Foreign Secretary David Lammy, German Foreign Minister Johann Wadephul and European Union foreign policy chief Kaja Kallas.

The outlet reported Barrot saying, ‘France, Britain and Germany stand ready to bring our competence and experience on this matter’ and ‘we are ready to take part in negotiations aimed at obtaining from Iran a lasting rollback of its nuclear and ballistic missile programs.’

U.S. Secretary of State Marco Rubio met with Lammy Thursday. According to a statement by State Department spokesperson Tammy Bruce, the two discussed the Israeli-Iran conflict and ‘agreed Iran can never develop or acquire a nuclear weapon.

In response to additional questions about potential U.S. negotiations with Iran, a representative for the White House directed Fox News Digital to Leavitt’s comments in the briefing room.

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President Donald Trump came back into office promising no new wars. So far, he’s kept that promise. But he’s also left much of Washington — and many of America’s allies — confused by a series of rapid, unexpected moves across the Middle East. 

In just a few months, Trump has reopened backchannels with Iran, then turned around and threatened its regime with collapse. He’s kept Israel at arm’s length — skipping it on his regional tour — before signaling support once again. He lifted U.S. sanctions on Syria’s Islamist leader, a figure long treated as untouchable in Washington. And he made headlines by hosting Pakistan’s top general at the White House, even as India publicly objected. 

For those watching closely, it’s been hard to pin down a clear doctrine. Critics see improvisation — sometimes even contradiction. But step back, and a pattern begins to emerge. It’s not about ideology, democracy promotion, or traditional alliances. It’s about access. Geography. Trade. 

More specifically, it may be about restarting a long-stalled infrastructure project meant to bypass China — and put the United States back at the center of a strategic economic corridor stretching from India to Europe. 

The project is called the India–Middle East–Europe Corridor, or IMEC. Most Americans have never heard of it. It was launched in 2023 at the G20 summit in New Delhi, as a joint initiative among the U.S., India, Saudi Arabia, the UAE and the European Union. Its goal? To build a modern infrastructure link connecting South Asia to Europe — without passing through Chinese territory or relying on Chinese capital. 

IMEC’s vision is bold but simple: Indian goods would travel west via rail and ports through the Gulf, across Israel, and on to European markets. Along the way, the corridor would connect not just trade routes, but energy pipelines, digital cables, and logistics hubs. It would be the first serious alternative to China’s Belt and Road Initiative — a way for the U.S. and its partners to build influence without boots on the ground. 

But before construction could begin, war broke out in Gaza. 

The October 2023 Hamas attacks and Israel’s military response sent the region into crisis. Normalization talks between Saudi Arabia and Israel fell apart. The Red Sea became a warzone for shipping. And Gulf capital flows paused. The corridor — and the broader idea of using infrastructure to tie the region together — was quietly shelved.

That’s the backdrop for Trump’s current moves. Taken individually, they seem scattered. Taken together, they align with the logic of clearing obstacles to infrastructure. Trump may not be drawing maps in the Situation Room. But his instincts — for leverage, dealmaking and unpredictability — are removing the very roadblocks that halted IMEC in the first place. 

His approach to Iran is a prime example. In April, backchannels were reopened on the nuclear front. In May, a Yemen truce was brokered — reducing attacks on Gulf shipping. In June, after Israeli strikes inside Iran, Trump escalated rhetorically, calling for Iran’s ‘unconditional surrender.’ That combination of engagement and pressure may sound erratic. But it mirrors the approach that cleared a diplomatic path with North Korea: soften the edges, then apply public pressure. 

Meanwhile, Trump’s temporary distancing from Israel is harder to miss. He skipped it on his regional tour and avoided aligning with Prime Minister Netanyahu’s continued hard-line approach to Gaza. Instead, he praised Qatar — a U.S. military partner and quiet mediator in the Gaza talks — and signaled support for Gulf-led reconstruction plans. The message: if Israel refuses to engage in regional stabilization, it won’t control the map. 

Trump also made the unexpected decision to lift U.S. sanctions on Syria’s new leader, President Ahmad al-Sharaa — a figure with a past in Islamist groups, now leading a transitional government backed by the UAE. Critics saw the move as legitimizing extremism. But in practice, it unlocked regional financing and access to transit corridors once blocked by U.S. policy. 

Even the outreach to Pakistan — which angered India — fits a broader infrastructure lens. Pakistan borders Iran, influences Taliban-controlled Afghanistan, and maintains ties with Gulf militaries. Welcoming Pakistan’s military chief was less about loyalty, and more about leverage. In corridor politics, geography often trumps alliances. 

None of this means Trump has a master plan. There’s no confirmed strategy memo that links these moves to IMEC. And the region remains volatile. Iran’s internal stability is far from guaranteed. The Gaza conflict could reignite. Saudi and Qatari interests don’t always align. But there’s a growing logic underneath the diplomacy: de-escalate just enough conflict to make capital flow again — and make corridors investable. 

That logic may not be ideologically pure. It certainly isn’t about spreading democracy. But it reflects a real shift in U.S. foreign policy. Call it infrastructure-first geopolitics — where trade routes, ports and pipelines matter more than treaties and summits. 

To be clear, the United States isn’t the only player thinking this way. China’s Belt and Road Initiative has been advancing the same model for over a decade. Turkey, Iran and Russia are also exploring new logistics and energy corridors. But what sets IMEC apart — and what makes Trump’s recent moves notable — is that it offers an opening for the U.S. to compete without large-scale military deployments or decades-long aid packages. 

Even the outreach to Pakistan — which angered India — fits a broader infrastructure lens. Pakistan borders Iran, influences Taliban-controlled Afghanistan, and maintains ties with Gulf militaries.

For all his unpredictability, Trump has always had a sense for economic leverage. That may be what we’re seeing here: less a doctrine than a direction. Less about grand visions, and more about unlocking chokepoints. 

There’s no guarantee it will work. The region could turn on a dime. And the corridor could remain, as it is now, a partially built concept waiting on political will. But Trump’s moves suggest he’s trying to build the conditions for it to restart — not by talking about peace, but by making peace a condition for investment. 

In a region long shaped by wars over ideology and territory, that may be its own kind of strategy. 

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Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.

The company said in a release that about 10% of its U.S. items use FD&C colors, the synthetic additives that make many foods more visually appealing. Kraft Heinz brands that sell products with these dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.

The company removed artificial colors, preservatives and flavors from its Kraft macaroni and cheese in 2016 and its Heinz ketchup has never used artificial dyes, according to Pedro Navio, North America president at Kraft Heinz. It is unclear how removing the dyes will affect the company’s business, as consumers could perceive the products as healthier but also may be less drawn to duller colors.

Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store in San Diego on April 27, 2025.Kevin Carter / Getty Images

The decision follows pressure from the U.S. Food and Drug Administration and Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., for the food industry to pull back on artificial dyes as part of a larger so-called Make America Healthy Again platform.

The FDA in April announced a plan to phase out the use of petroleum-based synthetic dyes by the end of next year and replace them with natural alternatives. Besides the previously banned Red No. 3, other dyes that will be eliminated include red dye 40, yellow dye 5, yellow dye 6, blue dye 1, blue dye 2 and green dye 2, FDA Commissioner Marty Makary said at the time.

Kennedy said at the time that the FDA and the food industry have “an understanding,” not a formal agreement, to remove artificial dyes. The Health and Human Services secretary discussed removing artificial food dyes during a meeting in March with top food executives from companies including Kraft Heinz, PepsiCo North America, General Mills, WK Kellogg, Tyson Foods, J.M. Smucker and the Consumer Brands Association, the industry’s top trade group.

A spokesperson for Kraft Heinz said on Tuesday that the company looks forward to partnering with the administration “to provide quality, affordable, and wholesome food for all.”

Momentum against food dyes had been building for years. In January, before President Donald Trump and Kennedy took office, the FDA announced a ban on the use of Red No. 3 dye in food and ingested drugs. The dye gives many candies and cereals their bright red color, but is also known to cause cancer in laboratory animals. The FDA allowed Red No. 3 to be used by food manufacturers for years, though the state of California had already banned the dye in 2023.

Kraft Heinz said in the release Tuesday that it has made more than 1,000 recipe changes over the past five years to improve product nutrition.

“The vast majority of our products use natural or no colors, and we’ve been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,” Navio said. “Above all, we are focused on providing nutritious, affordable and great-tasting food for Americans and this is a privilege we don’t take lightly.”

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A new king reigns in TV land.

Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.

In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.

‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’

While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.

The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.

Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.

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Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

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