Headline

Crude Sinks As Trump Delays Decision On Iran Strike

Published

11 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

Woman Passes Out After Receiving 100 Strokes Of Cane

Published

4 days ago

May 24, 2026

Editor

A woman has passed out after she and her partner were each flogged 100 times in public for engaging in sex outside marriage under strict Sharia laws in Indonesia’s Aceh province.

The woman, whose identity was not disclosed, was later carried away after the punishment was carried out in Banda Aceh, located at the northern tip of Sumatra island on Thursday.

A masked official dressed in brown robes administered the caning before members of the public who gathered to witness the punishment.

Her partner was also seen wincing in pain while receiving the lashes.

The pair were among several individuals punished for violating Sharia regulations in the province.

Authorities from the Banda Aceh Sharia Court and the Prosecutor’s Office handed down punishments ranging from 25 to 100 lashes for offences including extramarital sex allegedly arranged through online applications.

Aceh remains the only province in Muslim-majority Indonesia operating under Sharia law, where unmarried couples are prohibited from having sexual relations.

Caning is commonly used in the province as punishment for offences such as gambling, alcohol consumption, same-sex relations and sex outside marriage.

Under Aceh’s Sharia regulations, child rape offenders face some of the harshest penalties, including up to 200 strokes of the cane, a prison sentence of as long as 200 months or fines equivalent to two kilograms of gold.

The punishments are usually carried out publicly as a way of shaming offenders in addition to inflicting physical pain.

Such canings are often conducted outside mosques or in open public spaces, with residents watching and taking photographs during the exercise.

Human rights organisations have continued to condemn the practice, arguing that it causes emotional trauma and violates international human rights standards.

Amnesty International and Human Rights Watch have repeatedly criticised the punishments, saying they conflict with Indonesia’s constitution and global legal obligations.

Amnesty said in a statement: “Caning contravenes Indonesia’s constitution and is in clear violation of international human rights law and standards.

‘It constitutes a cruel, inhuman and degrading punishment and can amount to torture in violation of the UN Convention against Torture and other international covenants, to which Indonesia is a State Party.’”

Despite the criticism, local authorities have defended the punishments as part of Aceh’s religious and cultural identity, insisting they serve as a deterrent against immoral behaviour.

Earlier in January, another couple in the province reportedly received 140 lashes each after being found guilty of drinking alcohol and engaging in sex outside marriage.

(Daily Mail)

Headline

Senegal’s President Sacks Prime Minister After Months-long Feud

Published

4 days ago

May 24, 2026

Editor

Senegal’s President Bassirou Diomaye Faye has sacked Prime Minister Ousmane Sonko and dissolved the government following months of rising political tension between the two former allies.

The decision was announced in a surprise decree read on national television by a presidential aide, stating that Faye had “ended the duties” of Sonko and “consequently those of the ministers and secretaries of state who are members of the government”.

Sonko, who remains a highly influential figure among Senegal’s youth, responded on social media, saying he would “sleep with a light heart”.

The political fallout comes at a time of growing economic strain in the country, with the International Monetary Fund (IMF) putting Senegal’s public debt at 132% of its GDP.

His removal followed a tense parliamentary session on Tuesday, where Sonko openly criticised President Faye’s handling of the debt situation.

The development is striking given that Faye’s rise to power was largely tied to Sonko’s popularity and political backing.

Sonko would almost certainly have contested the presidency himself in 2024, but was barred from the race due to a defamation conviction. Instead, he threw his support behind Faye, rallying voters with the slogan “Diomaye is Sonko, Sonko is Diomaye”.

The alliance helped unseat former President Macky Sall in a dramatic electoral victory, despite both men having been released from prison only days before the vote.

Tensions between the two leaders had been building for months, with Faye reportedly accusing Sonko of excessive dominance within the ruling Pastef party, while Sonko accused the president of weak leadership and failing to defend him against critics.

(BBC News)

Headline

Six Nigerians Arrested In Thailand Over AI-Powered Romance Scam

Published

4 days ago

May 24, 2026

Editor

Six Nigerian nationals have been arrested by the Thailand Police Force for allegedly operating an AI-powered deepfake romance scam syndicate from a luxury condominium along the Chao Phraya River in Nonthaburi Province, following a cocaine trafficking investigation that exposed their activities.

Thai authorities said the operation began after police arrested a Nigerian suspect identified as Patrick and three associates in April over alleged drug trafficking offences. During the raid, officers reportedly seized assets valued at about 2.5 million baht.

Investigators said financial transactions linked to the suspects led them to several foreign nationals living in a high-end riverside condominium near Phra Nangklao Bridge in Nonthaburi. Police discovered that many of the occupants were staying in groups of five or six per apartment under student visas despite not being enrolled in any educational institution or engaged in lawful employment.

According to Thai police, officers executed search warrants on three condominium units on May 22. The suspects allegedly refused to open their doors, forcing authorities to break into the apartments.

Videos circulating on X captured the moment police officers forcefully gained entry into one of the apartments before arresting the suspects.

During the operation, one suspect reportedly attempted to escape by climbing over a balcony, while another was found hiding on the bathroom floor while allegedly sending warning messages to occupants in neighbouring units.

Police recovered 18 mobile phones, three laptop computers and three bank passbooks from the apartments. Authorities said some of the phones were still logged into active conversations with victims at the time of the raid.

Investigators alleged that the syndicate specialised in romance scams targeting older Thai women by using AI-generated faces and manipulated video calls to create fake online identities.

The suspects allegedly posed as pilots, United States military officers, doctors and engineers to gain the trust of victims before requesting money under false pretences.

Police said the fraudsters typically claimed that valuable packages or gifts sent to victims had been withheld by customs officials and required payment of clearance fees before release.

Authorities also said they recovered scripts for sexually explicit conversations allegedly used to emotionally manipulate victims into transferring funds. Investigators claimed the group relied heavily on artificial intelligence technology to generate realistic Western faces for fake video interactions.

Thai police said all six suspects are currently facing preliminary charges bordering on illegal association and immigration overstay, while additional fraud and romance scam charges are expected to follow as investigations continue.