Head of Russia's Rosatom says work continuing in Iran's Bushehr nuclear site
The head of Russia's Rosatom says work is continuing in the Bushehr nuclear site in Iran.
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Al Arabiya
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US sanctions target those providing Iran with defense machinery, Houthi oil trading
The Trump administration said on Friday it had issued fresh Iran-related sanctions targeting eight entities, one vessel and one person for their alleged role in providing sensitive machinery for Tehran's defense industry. 'The United States remains resolved to disrupt any effort by Iran to procure the sensitive, dual-use technology, components, and machinery that underpin the regime's ballistic missile, unmanned aerial vehicle, and asymmetric weapons programs,' US Treasury Secretary Scott Bessent said. 'Treasury will continue to degrade Iran's ability to produce and proliferate these deadly weapons, which threaten regional stability and global security,' he added in a statement announcing the action. Two of the entities include shipping companies based in Hong Kong: Unico Shipping Co. Ltd and Athena Shipping Co. Ltd, the statement said. The Treasury Department on Friday also issued counterterrorism-related sanctions targeting Yemen's Iran-aligned Houthis over alleged illicit oil trading and shipping, it said in a separate statement. Those sanctions target four individuals, 12 entities, and two vessels over imported oil and other illicit goods to support the Houthis, the department said.
Al Arabiya
an hour ago
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Putin says Russia plans to deepen military-technical ties with ‘friendly countries'
President Vladimir Putin said on Friday that Russia intends to develop military and technical cooperation with 'friendly countries' with whom Moscow wants to jointly produce arms and train military personnel. In a speech at Russia's showcase economic forum in St Petersburg, Putin said Moscow also planned to modernize its own armed forces and their bases by equipping them with the latest weapons and technology. 'We will harness new technology to improve the combat capabilities of the Russian armed forces, modernize military infrastructure facilities, (and) equip them with the latest technology and weapons and equipment,' he said. 'At the same time, we intend to develop military-technical co-operation with friendly countries. And we are talking not only about supplies or the modernization of equipment and weapons, but also about joint development, personnel training, and the creation of turn-key enterprises and production facilities,' he said. Talking about global trade, Putin said Russia planned to develop trade ties with its partners by removing barriers, opening up market niches and deepening investment cooperation.
Argaam
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Oil prices drop 2%, head for weekly gains
Oil prices were mixed on Friday, after the White House delayed a decision on potential US intervention in the Iran-Israel conflict. Despite the volatility, the prices are on track for weekly gains. Brent crude futures for August delivery fell by 2.1%, or $1.65, to $77.20 a barrel at 8:10 AM Makkah time. Meanwhile, US West Texas Intermediate (WTI) futures for August—the most actively traded contract—rose 0.65%, or 47 cents, to $73.97 a barrel. This came after a White House statement saying President Donald Trump would decide within the next two weeks whether the US will intervene in the ongoing Middle East conflict, according to Reuters. Chinese customs data released today showed fuel oil imports reached 1.30 million tons in May, equivalent to about 267,000 barrels per day—down 29% from April and 40% lower than the same period last year.
