Headline

Crude Sinks As Trump Delays Decision On Iran Strike

Published

4 months ago

June 20, 2025

Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel’s attacks on Iran.

Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday, he said he would decide “within the next two weeks” whether to involve the United States, giving diplomacy a shot to end the hostilities.

While tensions are sky high amid fears of an escalation, the US president’s remarks suggested the crisis could be prevented from spiralling into all-out war between the Middle East foes.

Since Israel first hit Iran last Friday, the two have exchanged deadly strikes and apocalyptic warnings, though observers said the conflict has not seen a critical escalation.

European foreign ministers were due to meet their Iranian counterpart on Friday in Geneva.

In a statement read out by White House Press Secretary Karoline Leavitt, the president said: “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.”

Leavitt added: “If there’s a chance for diplomacy, the president’s always going to grab it, but he’s not afraid to use strength as well.”

Both main oil contracts were down around two per cent Friday, but uncertainty prevailed, and traders remained nervous.

“Crude still calls the shots, and volatility’s the devil in the room — and every trader on the street knows we’re two headlines away from chaos,” said Stephen Innes at SPI Asset Management.

“Make no mistake: we’re trading a geopolitical powder keg with a lit fuse.

“President Trump’s two-week ‘thinking window’ on whether to join Israel’s war against Iran is no cooling-off period — it’s a ticking volatility clock.”

Stocks were mixed following a public holiday in New York, with Hong Kong, Taipei, Mumbai and Bangkok all up with London, Paris and Frankfurt.

Seoul’s Kospi led the gains, rising more than one per cent to break 3,000 points for the first time in nearly three and a half years.

The index has risen every day except one since the June 4 election of a new president, which ended months of political crisis and fuelled hopes for an economic rebound.

Tokyo fell as Japanese core inflation accelerated, stoked by a doubling in the cost of rice, a hot topic issue that poses a threat to Prime Minister Shigeru Ishiba ahead of elections next month.

There were also losses in Shanghai, Sydney, Singapore, Manila and Jakarta.

The Middle East crisis continues to absorb most of the news but Trump’s trade war remains a major obstacle for investors as the end of a 90-day pause on his April 2 tariff blitz approaches, with few governments reaching deals to avert them being imposed.

“While the worst of the tariffs have been paused, we suspect it won’t be until those deadlines approach that new agreements may be finalised,” said David Sekera, chief US market strategist at Morningstar.

“Until then, as news emerges regarding the progress and substance of trade negotiations, these headlines could have an outsize positive or negative impact on markets.”

Key figures at around 0715 GMT: Brent North Sea Crude: DOWN 2.6 percent at $76.85 per barrel, West Texas Intermediate: DOWN 1.9 percent at $73.62 per barrel, Tokyo – Nikkei 225: DOWN 0.2 percent at 38,403.23 (close), Hong Kong – Hang Seng Index: UP 0.8 percent at 23,421.80, Shanghai – Composite: DOWN 0.1 percent at 3,359.90 (close), London – FTSE 100: UP 0.3 percent at 8,819.26 Euro/dollar: UP at $1.1517 from $1.1463 on Thursday, Pound/dollar: UP at $1.3467 from $1.3429, Dollar/yen: DOWN at 145.38 yen from 145.63 yen Euro/pound: UP at 85.51 pence from 85.36 pence.

AFP

Headline

UK Police Hunt Asylum Seeker Mistakenly Freed For Sex Offence

Published

6 hours ago

October 25, 2025

Editor

UK police were still hunting Saturday for an Ethiopian asylum seeker and convicted sex offender whose crimes sparked a wave of anti-immigration protests and who was accidentally released from prison.

Prime Minister Keir Starmer said he was “appalled” by Friday’s “totally unacceptable” error that saw 38-year-old Hadush Gerberslasie Kebatu freed rather than sent to an immigration detention centre.

“This man must be caught and deported for his crimes,” the UK leader added.

Kebatu had served the first month of a one-year sentence for sexually assaulting a teenage girl and a woman, but was reportedly due to be deported when the Prison Service mistake occurred.

Kebatu’s high-profile case earlier this year in Epping, northeast of London, sparked demonstrations in various English towns and cities where asylum seekers were believed to be housed, as well as counter-protests.

Justice Secretary David Lammy said late Friday night that Kebatu was “at large in London” after he was seen boarding a train to the capital in Chelmsford, eastern England.

Essex Police, which is leading the search with the help of London’s Metropolitan Police, said Saturday that “inquiries are continuing at pace this morning to locate and arrest” him.

“Officers worked throughout the night to track his movements, including scouring hours of CCTV footage,” the force added, noting “it is not lost on us that this situation is concerning to people”.

The Telegraph reported he was wrongly categorised as a prisoner due to be released on licence and handed a £76 ($101) discharge grant.

The father of Kebatu’s anonymous teenage victim told Sky News that “the justice system has let us down”.

Police arrested the asylum seeker in July after he repeatedly tried to kiss a 14-year-old girl and touch her legs, and made sexually explicit comments to her.

He also sexually assaulted an adult woman, placing a hand on her thigh, when she intervened to stop his interactions with the girl.

At the time, Kebatu was staying at Epping’s Bell Hotel, where scores of other asylum seekers have been accommodated, and which became the target of repeated protests.

Headline

UK Is A Home, Not Hotel, Kemi Badenoch Tells Immigrants, Starmer’s Govt

Published

2 days ago

October 23, 2025

Editor

UK Conservative Party leader Kemi Badenoch has slammed Prime Minister Keir Starmer’s Labour government over its immigration policy, declaring that Britain is “a home, not a hotel.”

Badenoch accused Labour of weakening the country’s borders and enabling mass automatic citizenship.

In a 1:11-minute video posted on her official X account on Friday, Badenoch claimed Labour’s proposed reforms could allow up to two million immigrants to automatically qualify for British citizenship starting next year.

“From next year, two million immigrants can automatically claim British citizenship. Two million people! That’s nearly twice the population of Birmingham. That’s massive,” Badenoch said in the video.

Badenoch noted that the Conservative Party has introduced a deportation bill to bring immigration down.

NDLEA intercepts drugs hidden in snails, others meant for UK, US, DRC
Among the measures she endorsed in the video were deporting all foreign criminals, mandatory age checks, no more pretending to be kids, tougher visa rules and salary thresholds, disapplying the Human Rights Act to immigration cases, and no more abusing human rights laws to judge deportations. Make asylum support repayable, and no permanent right to stay in the UK if you’ve relied on benefits.

“Until that’s law, we won’t fix this. Labour should adopt it now. It’s time to get tough. That’s what the Conservatives’ Deportation Bill delivers, and we’re going to go further. Our country is a home, not a hotel. And if we don’t defend it, no one else will.”

In the caption that came with the video, she tweeted, “Labour has blocked every single measure we’ve put forward to cut immigration and stop abuse of the system.

“Now they’re pushing one half-arsed proposal — it’s weak; it won’t work. It’s time they stopped playing games and backed our Deportation Bill.”

Headline

King Charles To Pray With Pope Leo In Historic Vatican Visit

Published

3 days ago

October 23, 2025

Editor

King Charles III will on Thursday meet Pope Leo XIV at the Vatican and make history as the first head of the Church of England to pray publicly with the pontiff for five centuries.

The 76-year-old monarch, who is the supreme governor of the Church of England, arrived in Rome on Wednesday evening with his wife, Queen Camilla, for what Buckingham Palace described as a “historic” state visit.

It will be Charles’s first meeting with Leo since the US-born pope took over as head of the world’s 1.4 billion Catholics in May, following the death of Pope Francis.

The royals will arrive at the Apostolic Palace at 10.45am (0845 GMT) for private talks with the pope.

The king and queen will then join an ecumenical service at midday (1000 GMT) in the Sistine Chapel led by Pope Leo and the archbishop of York, Stephen Cottrell, currently the senior cleric of the Church of England.

Broadcast live by Vatican media, it will be the first time a reigning English or British monarch has prayed publicly with a pope since English king Henry VIII broke with Rome in 1534.

Triggered by the pope’s refusal to annul the king’s marriage so he could marry another woman, the schism made the monarch head of the separate Church of England.

Thursday’s service, held beneath Michelangelo’s spectacular ceiling frescoes, will be centred on conservation and protecting the environment, a cause championed by Charles.

It will bring together Catholic and Anglican traditions, with the choir from the Sistine Chapel joined by that from Saint George’s Chapel, Windsor Castle, one of the king’s residences.

– Schism –

The religious break between London and Rome remains, even if there has been a significant rapprochement in recent decades.

In 1961, the late Queen Elizabeth II, Charles’s mother, became the first British monarch to visit the Holy See since the split.

The law was changed in 2013 so that marrying a Catholic would no longer disqualify someone from becoming monarch — although they still have to be a Protestant themselves.

The rapprochement is important because “Anglicanism was born in reaction to the Catholic Church, and therefore in opposition,” said Hyacinthe Destivelle, a French priest and member of the Vatican’s dicastery (department) for promoting Christian unity.

This is no longer the case, despite “theological differences in recent decades”, he told AFP.

Unlike the Roman Catholic Church, the Church of England — the mother church of the world’s 85-million-strong Anglican community — ordains women and allows priests to marry.

Sarah Mullally was recently named the first female archbishop of Canterbury, the Church’s top cleric, although she has yet to officially take up her post.

– Royal Confrater –

Charles and Queen Camilla are also set to take part in a service at the Basilica of Saint Paul Outside the Walls in Rome, one of four major papal basilicas, which has historic links with the English crown.

The king will be made a “Royal Confrater” of the basilica and presented with a specially designed seat for use by him and future British monarchs.

Charles has visited the Vatican several times and met privately with Pope Francis on April 9, just days before the pontiff’s death.

The king sent his son and heir, William, to the funeral and his brother, Prince Edward, the Duke of Edinburgh, to Leo’s inauguration mass.

The visit comes as the Catholic Church celebrates the Jubilee, a year-long event held every 25 years, which has drawn millions of pilgrims to the Vatican.

It also comes at a delicate time for Charles, following new revelations about his brother Prince Andrew, who is mired in a scandal surrounding late US sex offender Jeffrey Epstein.

Andrew announced on Friday that he would relinquish his title as Duke of York, reportedly under pressure from Charles. He had already stepped back from royal duties in 2019.

AFP