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Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
South Korea on Friday pushed back against U.S. demands to sharply increase its defense budget, saying its current spending is already among the highest relative to GDP for U.S. allies.
“Among key U.S. allies, South Korea is one of the countries that has a high defense spending ratio compared to its GDP,” the Defense Ministry said, according to Yonhap News.
The remarks followed comments from U.S. Defense Secretary Pete Hegseth, who said all U.S. allies should aim to spend 5% of GDP on defense. Pentagon spokesman Sean Parnell said Thursday this figure now represents the “global standard.”
South Korea currently spends 2.32% of GDP on defense, totaling 61.2 trillion won ($44.8 billion) for 2025 — up 3.1% from the previous year. Reaching 5% would mean doubling that figure to 132 trillion won.
Seoul stressed that it has steadily increased its defense spending in response to ongoing threats from North Korea. “We continue to strengthen our defense capabilities amid a stern security environment,” a Foreign Ministry official said.
Roughly 28,500 U.S. troops are stationed in South Korea. While there have been reports of possible troop withdrawals, Washington has denied any such plans.
President Donald Trump, speaking during his campaign last year, said South Korea would be paying “$10 billion a year” for the U.S. military presence. “We have 40,000 troops in harm’s way, very serious, because you have North Korea’s very serious power. They have tremendous nuclear power,” Trump said.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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