90 Americans Among Thousands Missing After Himalayan Glacier Collapse Kills 600

Bessent Convenes G20 Finance Chiefs To Confront China's $1.2 Trillion Trade Surplus Treasury Secretary Scott Bessent will meet with G20 finance ministers and central bank governors later today in Asheville, North Carolina, to discuss strategies for reviving economic growth, correcting global imbalances, reassessing trade relationships with China, and addressing the sovereign debt mess. The agenda today will also include plans to deepen Iran's economic isolation, Reuters reported, citing a senior US Treasury official. The discussions signal a continuation of the financial-pressure campaign Bessent unveiled last week (read here). "The world cannot have...

IRGC Says 'Smart Submarine' Operated By US Seized In Hormuz, Releases Images Iran's Islamic Revolutionary Guard Corps (IRGC) navy announced Tuesday it had captured an unmanned US submersible at the entrance of the Strait of Hormuz, a claim which corresponding photographs appear to back. The US side has yet to confirm the capture of the advanced naval drone, but some reports suggest it was "lost" after failing to operate properly. The IRGC statement called it a "complex intelligence and operational action." Tasnim identified the captured system is a Dive-LD in a report,...

Secretary of the Treasury Scott Bessent called on China to help enforce President Donald Trump’s economic war on Iran.  Trump announced the escalating sanctions against Iran in a Truth Social post on Wednesday. “No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they […]