Balance of Power: Special Edition 6/22/2025
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's Special Edition show, Kailey Leinz and Joe Mathieu discuss the United States striking Iran and discuss the potential political and market impacts of this action. Guests include: John Bolton, Fmr. National Security Adviser, Rep. Darrell Issa (R) California, The Cohen Group Senior Adviser Jen Gavito, Rapidan Energy Group Founder & President Bob McNally, Former Homeland Security Official Ashley David, Joel Rubin Former Deputy Assistant Secretary of State for House Affairs, and Holly Dagres Washington Institute Viterbi Program Senior Fellow. (Source: Bloomberg)
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Singapore Airlines cancels Dubai flights amid rising Middle East conflict; Iran's next move – missiles, Hormuz or nuclear brinkmanship?: Singapore live news
Singapore Airlines (SIA) has suspended flights to and from Dubai after US strikes on Iran triggered fresh security concerns. The cancellations come after a security assessment of escalating regional risks. More SIA flights could be impacted as the situation evolves. FlightRadar24 shows airlines steering clear of airspace over Iran, Iraq, Syria, and Israel, taking longer – and more expensive – routes around the conflict zone. The move mirrors similar decisions by British Airways, Air France, and US carriers, which are bracing for fuel hikes and volatile conditions. With oil prices rising and tensions unresolved, airlines worldwide are entering turbulence – both literally and financially. More on the flight chaos that hit SIA and other airlines here. Iran is standing at a crossroads after US airstrikes targeted its key nuclear sites in coordination with Israel. With threats flying and missiles already launched toward Israel, Tehran is reportedly weighing a wide range of retaliatory options – from closing the vital Strait of Hormuz to activating regional proxies like the Houthis. The stakes are high as oil markets, US troops, and Middle East stability all hang in the balance. Iran's next move could redraw the regional order. More on how Iran could respond to the bombings of its nuclear facilities here. Read more in our live blog below, including the latest local and international news and updates. Iran is calculating its next move after US and Israeli forces bombed key nuclear facilities, an escalation that shattered years of strategic ambiguity. Now, Tehran is openly weighing options – from missile salvos to shutting down the Strait of Hormuz, a critical artery for global oil – after saying diplomacy is no longer an option while issuing a warning of "everlasting consequence". Tensions have surged across the region. 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Tehran holds powerful cards – whether it plays them depends on how far the US is willing to go. Read on how Iran may respond to the attacks on its key nuclear sites here. With just over six months to go, more than 70 per cent of Singaporeans eligible for the one-off $500 SkillsFuture credit top-up still haven't used it. Issued in 2020 to encourage upskilling during the pandemic, the credit expires on 31 December 2025 – with no plans for extension. Despite rising demand for courses in AI, cybersecurity, and digital marketing, only 28 per cent have tapped into the credit. That leaves roughly 1.8 million Singaporeans at risk of missing out on free career development funds. SkillsFuture Singapore (SSG) is now intensifying its outreach – rolling out reminder emails, promoting its Careers and Skills Passport, and offering free advisory services. But with the deadline fast approaching, the agency says the onus is on individuals to act. Notably, Singaporeans aged 40 and above now receive an additional $4,000 mid-career credit, but this is separate from the $500 top-up at risk of expiry. To qualify, courses must begin and be claimed by the end of 2025. Read on the expiring SkillsFuture credit here. Singapore Airlines (SIA) has suspended multiple flights to and from Dubai following a security reassessment tied to rising conflict in the Middle East. This move comes after US military strikes on Iranian nuclear sites prompted carriers globally to steer clear of Iranian, Iraqi, and Syrian airspace. As war risk zones expand, major airlines – including British Airways, Air France, and United Airlines – are also cancelling Gulf-bound flights or diverting around the region, despite increased costs and extended flight times. Flight tracking data shows large portions of regional airspace remain eerily empty. For Singapore Airlines, the route disruption is significant. Since the closure of Russian skies, Middle East corridors became vital to link Asia with Europe. Now, that lifeline is under threat again. SIA warns that further cancellations are possible as the geopolitical situation remains fluid. Global air safety groups have flagged heightened risks for US and allied carriers, citing potential retaliatory action from Iran or its proxies. Even as Israel reopens its skies temporarily for rescue operations, the outlook for commercial aviation remains uncertain. Passengers are urged to check their flight statuses. With airspace tightening and oil prices ticking up, the skies over the Middle East just got a lot more turbulent – for airlines and travellers alike. Read on how the Middle East chaos grounded key global flights here. Iran is calculating its next move after US and Israeli forces bombed key nuclear facilities, an escalation that shattered years of strategic ambiguity. Now, Tehran is openly weighing options – from missile salvos to shutting down the Strait of Hormuz, a critical artery for global oil – after saying diplomacy is no longer an option while issuing a warning of "everlasting consequence". Tensions have surged across the region. Parliament in Tehran has voted to consider sealing the Strait, which handles nearly 20 per cent of the world's oil supply. While experts warn this could backfire economically, even the threat has rattled markets and drawn warnings from Washington. Military retaliation is also on the table. Iran's arsenal of ballistic missiles and drones could target US bases in the Gulf, while its proxy allies – like Yemen's Houthis and militias in Iraq – stand ready to strike with plausible deniability. The recent launch of Iran's "Khaybar" missile underscores its offensive capability. Beyond direct attacks, Iran may also pull the nuclear card. Analysts fear Tehran could abandon the Nuclear Nonproliferation Treaty and fast-track uranium enrichment, a scenario that echoes North Korea's nuclear pivot in the 2000s. What comes next could reshape not just the Middle East, but energy markets and global security architecture. Tehran holds powerful cards – whether it plays them depends on how far the US is willing to go. Read on how Iran may respond to the attacks on its key nuclear sites here. With just over six months to go, more than 70 per cent of Singaporeans eligible for the one-off $500 SkillsFuture credit top-up still haven't used it. Issued in 2020 to encourage upskilling during the pandemic, the credit expires on 31 December 2025 – with no plans for extension. Despite rising demand for courses in AI, cybersecurity, and digital marketing, only 28 per cent have tapped into the credit. That leaves roughly 1.8 million Singaporeans at risk of missing out on free career development funds. SkillsFuture Singapore (SSG) is now intensifying its outreach – rolling out reminder emails, promoting its Careers and Skills Passport, and offering free advisory services. But with the deadline fast approaching, the agency says the onus is on individuals to act. Notably, Singaporeans aged 40 and above now receive an additional $4,000 mid-career credit, but this is separate from the $500 top-up at risk of expiry. To qualify, courses must begin and be claimed by the end of 2025. Read on the expiring SkillsFuture credit here. Singapore Airlines (SIA) has suspended multiple flights to and from Dubai following a security reassessment tied to rising conflict in the Middle East. This move comes after US military strikes on Iranian nuclear sites prompted carriers globally to steer clear of Iranian, Iraqi, and Syrian airspace. As war risk zones expand, major airlines – including British Airways, Air France, and United Airlines – are also cancelling Gulf-bound flights or diverting around the region, despite increased costs and extended flight times. Flight tracking data shows large portions of regional airspace remain eerily empty. For Singapore Airlines, the route disruption is significant. Since the closure of Russian skies, Middle East corridors became vital to link Asia with Europe. Now, that lifeline is under threat again. SIA warns that further cancellations are possible as the geopolitical situation remains fluid. Global air safety groups have flagged heightened risks for US and allied carriers, citing potential retaliatory action from Iran or its proxies. Even as Israel reopens its skies temporarily for rescue operations, the outlook for commercial aviation remains uncertain. Passengers are urged to check their flight statuses. With airspace tightening and oil prices ticking up, the skies over the Middle East just got a lot more turbulent – for airlines and travellers alike. Read on how the Middle East chaos grounded key global flights here.
