Uzbekistan faces $1.5 billion hit if Middle East tensions disrupt Iran trade route
Uzbekistan could lose up to $1.5 billion if escalating Middle East tensions disrupt vital trade and logistics routes through Iran, putting pressure...
Speaker Mike Johnson was forced to punt a critical vote tonight to advance President Donald Trump’s agenda, according to multiple lawmakers and aides familiar with the plans.
House Republican leaders abruptly pulled their budget resolution from the floor on Tuesday evening after failing to secure support from a small group of conservative fiscal hawks who threatened to derail the framework for President Trump’s legislative agenda.
In a dramatic turn of events, top GOP lawmakers scrapped the scheduled vote after lobbying holdouts on the House floor for more than an hour. The previous vote remained open far longer than expected, giving leaders time to negotiate with those opposing the measure.
On Monday and Tuesday, Trump personally engaged with holdouts, including fiscal conservatives wary of its impact on the deficit and moderates concerned about possible Medicaid cuts, in an effort to secure their support for the "one big beautiful bill."
However, their attempts seem to have fallen short, marking a setback for Speaker Mike Johnson (R-La.) and his leadership team as they try to advance Trump's domestic policy agenda.
It's unclear when leaders will try again for a vote on the legislation, which sets out broad guidelines for a package encompassing Trump’s tax, border, and energy priorities, along with spending cuts to offset costs and a $4 trillion increase in the debt limit.
With time running out, Johnson has reiterated his goal to pass a budget resolution by the end of this month in hopes of having a final bill on Trump's desk by the end of May.
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
South Korea's presidential Blue House said on Monday it was reviewing U.S. President Donald Trump's comments on scaling back joint military drills. It added that it hoped a favourable relationship between Washington and Pyongyang could lead to meaningful talks.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Britain will continue to support Ukraine “100 per cent” against Russia’s invasion, Prime Minister Andy Burnham said on Tuesday, after Moscow warned London of consequences over reports that British-made drones had been used in strikes on Russian territory.
Russia has summoned Japan’s ambassador to Moscow and delivered a strong protest over what it called “anti-Russian” remarks by Japanese Prime Minister Sanae Takaichi and Foreign Minister Toshimitsu Motegi concerning four disputed islands.
Pakistan is turning to more U.S. crude as disruption around the Strait of Hormuz exposes the risks of its heavy reliance on Gulf energy supplies.
U.S. Forces Korea (USFK) Commander Xavier Brunson visited South Korea's Defence Ministry on Tuesday to discuss plans to scale back the joint Ulchi Freedom Shield military exercise, according to media reports.
European countries are stepping up investment in drones and counter-drone technology as unmanned systems reshape modern warfare, driving demand for new production and capabilities across the continent.
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