Press review: Trump wins the NATO Summit and Mamdani makes waves in New York
In this episode of The Dailies, Rawia Alami takes a look at important news stories, reports, analysis, and articles published in newspapers and media outlets across the world.
Newspapers focused on the outcome of the NATO summit, viewing it as a total win for US President Donald Trump. The leaked intelligence report that undermines Trump's claims of the extent of damage dealt to Iranian nuclear site by American strikes received attention and an equal amount of uproar. Zohran Mamdani's win in the mayoral primary elections in New York was also widely discussed by American outlets.
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Arab News
25 minutes ago
- Arab News
Israeli court rejects Netanyahu's call to postpone graft trial hearings
JERUSALEM: An Israeli court on Friday rejected Prime Minister Benjamin Netanyahu's request to postpone giving testimony in his corruption trial, after US President Donald Trump said the case should be canceled. Netanyahu's lawyer on Thursday asked the court to excuse the leader from hearings over the next two weeks, saying he needed to concentrate on 'security issues' after Israel's 12-day war with Iran. The Jerusalem district court said in a judgment published online that 'in its current form (his request) does not provide a basis or detailed justification for the cancelation of the hearings.' Trump on Wednesday described the case against Netanyahu as a 'witch hunt,' saying the trial 'should be CANCELLED, IMMEDIATELY, or a Pardon given to a Great Hero.' Netanyahu has thanked Trump for his support in Israel's brief war against Iran, which ended with a ceasefire on June 24. Netanyahu has denied any wrongdoing and his supporters have described the long-running trial as politically motivated. In a first case, he and his wife, Sara, are accused of accepting more than $260,000 worth of luxury goods such as cigars, jewelry and champagne from billionaires in exchange for political favors. In two other cases, Netanyahu is accused of attempting to negotiate more favorable coverage from two Israeli media outlets. During his current term since late 2022, Netanyahu's government has proposed a series of far-reaching judicial reforms that critics say were designed to weaken the courts. Netanyahu has requested multiple postponements in the trial since it began in May 2020, citing the war in Gaza which started in 2023, later fighting in Lebanon and this month the conflict with Iran.
Al Arabiya
an hour ago
- Al Arabiya
Israeli court rejects Netanyahu's call to postpone graft trial hearings
An Israeli court on Friday rejected Prime Minister Benjamin Netanyahu's request to postpone his testimony in his corruption trial, after US President Donald Trump said the case should be cancelled. The Jerusalem district court said in a judgement published online that 'in its current form (his request) does not provide a basis or detailed justification for the cancellation of the hearings.'
Asharq Al-Awsat
an hour ago
- Asharq Al-Awsat
Oil Set for Steepest Weekly Decline in Two Years as Risk Subsides
Oil prices rose on Friday though were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate. Brent crude futures rose 50 cents, or 0.7%, to $68.23 a barrel by 1036 GMT while US West Texas Intermediate crude gained 49 cents, or nearly 0.8%, to $65.73. During the 12-day war that started after Israel targeted Iran's nuclear facilities on June 13, Brent prices rose briefly to above $80 a barrel before slumping to $67 a barrel after US President Donald Trump announced an Iran-Israel ceasefire. That put both contracts on course for a weekly fall of about 12%. "The market has almost entirely shrugged off the geopolitical risk premiums from almost a week ago as we return to a fundamentals-driven market," said Rystad analyst Janiv Shah. "The market also has to keep eyes on the OPEC+ meeting – we do expect room for one more month of an accelerated unwinding basis balances and structure, but the key question is how strong the summer demand indicators are showing up to be." The OPEC+ members will meet on July 6 to decide on August production levels. Prices were also being supported by multiple oil inventory reports that showed strong draws in the middle distillates, said Tamas Varga, a PVM Oil Associates analyst. Data from the US Energy Information Administration on Wednesday showed crude oil and fuel inventories fell a week earlier, with refining activity and demand rising. Meanwhile, data on Thursday showed that the independently held gasoil stocks at the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell to their lowest in over a year, while Singapore's middle distillates inventories declined as net exports climbed week on week. Additionally, China's Iranian oil imports surged in June as shipments accelerated before the conflict and demand from independent refineries improved, analysts said. China is the world's top oil importer and biggest buyer of Iranian crude. It bought more than 1.8 million barrels per day (bpd) of Iranian crude from June 1-20, according to ship-tracker Vortexa, a record high based on the firm's data.
