A rare earths agreement between the United States and China will “hopefully” be finalised by Thanksgiving, Treasury Secretary Scott Bessent said in an interview broadcast on Sunday.
His remarks come after a framework deal was announced last month under which Washington agreed not to impose 100% tariffs on Chinese imports, while Beijing would delay introducing an export licensing system for key rare earth minerals and magnets.
“I am confident that, following the meeting in Korea between the two leaders, President (Donald) Trump and President Xi (Jinping), China will uphold its commitments,” Bessent told Fox News’s Sunday Morning Futures.
He also rejected a recent Wall Street Journal report claiming that Chinese officials intended to limit U.S. military-linked companies’ access to rare earth supplies.
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Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A criminal court in Damascus has sentenced former Syrian President Bashar al-Assad to death in absentia for premeditated murder, torture, arbitrary detention and crimes against humanity, according to Syria’s state news agency SANA.
Millions of people across Spain and Iceland are preparing on Wednesday to witness a rare total solar eclipse, when the moon will pass directly between Earth and the Sun, briefly turning daylight into darkness along a narrow path.
Rescuers are still finding survivors after Colombia’s 7.4-magnitude earthquake, as casualty figures rise to 256.
Millions of people across Spain and Iceland are preparing on Wednesday to witness a rare total solar eclipse, when the moon will pass directly between Earth and the Sun, briefly turning daylight into darkness along a narrow path.
Ukraine has agreed to refrain from targeting certain tankers using Russia’s Black Sea port of Novorossiysk following a request from U.S. Vice President JD Vance, the Financial Times reported, although Kyiv has continued strikes on Russian targets at the port.
Taiwan has criticised a planned joint naval exercise involving China and Indonesia near its eastern waters, describing it as a politically charged move designed to strengthen Beijing's claims over areas surrounding the island.
An overnight Ukrainian drone attack on Russia’s Black Sea port city of Novorossiysk killed an eight-year-old child, injured others and damaged residential buildings, port infrastructure and grain facilities, Russian officials and industry sources said on Wednesday.
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