...back from holiday...

2026, day 166 Good morning from Asia. ‘US-Iran deal to end war signed, US official says; Lebanon remains sticking point’ (Reuters); ‘A fragile Iran peace follows a war without victors’ (FT); ‘Trump's Iran Truce Has the Hallmarks of Defeat’ (BBG); ‘Trump Says Strait of Hormuz Will Be Fully Open by Friday Under Iran Deal’ (WSJ); ‘US at Odds With Allies Over How Easy It Is to Reopen Hormuz’ (BBG); ‘Scouring the Strait of Hormuz for mines could take weeks’ (Reuters); ‘40-50 Days Delay? Maritime security officials say it may take 40-50 days to secure the Strait of Hormuz after the US-Iran deal, as concerns over naval mines persist’ (NDTV); ‘Japan weighs minesweeping, escort operations in Strait of Hormuz’ (Nikkei Asia); ‘France, Britain push Hormuz mission as truce nears, but Iran’s stance key’ (Reuters); ‘Trump claims victory over Iran, but deal is silent on nuclear weapons’ (WaPo); ‘Trump administration considers $300bn fund for Iran if deal is upheld’ (FT) - “Incentives would be tied to Tehran’s ‘performance’ including over opening of the Strait of Hormuz and nuclear talks”; ‘CIA director doubts Iran's intentions on deal, sources say’ (Axios); ‘Iran-U.S. deal may have the two countries back to where they started’ (Globe and Mail); ‘Israel Is Alarmed by Trump’s Deal With Iran’ (WSJ) - “Critics say the deal eases pressure on Tehran too soon, while others say it shows the war was a mistake”; ‘Netanyahu avoids criticizing US-Iran deal, claims war’s main goals have been achieved’ (ToI); ‘Netanyahu: Israel does not know terms of US-Iran nuclear deal’ (JPost); ‘Ministers say Israel won’t be bound by Iran deal, as opposition castigates Netanyahu’s ‘absolute failure’’ (ToI); ‘Iran deal leaves northern Israelis feeling security was traded for US interests: ‘Betrayal’’ (Ynet); ‘Netanyahu Says Israel Will Keep Forces in Lebanon, Despite U.S.-Iran Deal’ (NYT) - “”The struggle has not ended,” a defiant Prime Minister Benjamin Netanyahu told Israelis”; ‘Bennett: 'Clock for Iran regime change to start as soon as government in Israel changes'’ (JPost); ‘Netanyahu and Trump on collision course as US, Iran agree to halt war’ (Reuters); ‘Eight Crew Members Believed Dead in B-52 Bomber Crash at California Air Base’ (WSJ); ‘Arson attacks targeting Keir Starmer properties originated in Russia’ (FT); ‘Switzerland-France feud erupts over G7 security costs’ (Politico); ‘UK hits Russia with fresh energy sanctions at G7’ (Politico); ‘EU officially launches Ukraine and Moldova accession process’ (AJ); ‘Kyiv begins EU accession talks as Putin escalates war’ (Euractiv); ‘EU says China trained Russian troops as bloc weighs tougher stance on Beijing’ (SCMP) - “Kallas cites verified reports of Chinese training for Russian forces as Brussels weighs sanctions and new trade measures”; In geoeconomics, ‘Britain’s return to the EU is only a matter of time’ (FT); ‘After Iran Tensions, Europe Is Just Trying to Avoid a Fight at G-7’ (WSJ); ‘Trump's critical minerals pricing plan faces skeptical G7, divided industry’ (Reuters); ‘EU carbon tariff sows havoc in China as steel firms grapple with ‘absurd’ rules’ (SCMP); ‘Is Beijing planning to make more drones overseas for Middle Eastern buyers?’ (SCMP); ‘How Millions of Digital Home Devices Are Secretly Powering Cyberattacks’ (WSJ); In politics, ‘Gavin Newsom says Donald Trump has ordered justice department to investigate him’ (FT); ‘Hungary parliament passes two-term limit blocking Orbán comeback’ (Euractiv); ‘Social media firms hit back as Starmer announces ban for under-16s in U.K.’ (Guardian); In markets, ‘Oil falls 5% to 3-month low as US, Iran reach deal to reopen Strait of Hormuz’ (Korea Times); ‘European defence stock rally goes into reverse on funding concerns’ (FT); ‘South Korea, Indonesia rein in derivatives trading to defend currencies’ (Nikkei Asia); ‘GLOBAL INSIGHT: Barbarians at the Rates — Central Bank Politics’ (BBG)

There are few other markets that so neatly comply to understanding using classical charting principles as Bitcoin (Schabacker, Edwards, Magee)

Netanyahu told Trump the IDF will not withdraw from Lebanon and that Israel does not consider itself bound by the Lebanon clause in the U.S.-Iran agreement - Maariv

My Twitt-X Anniversary 😵‍💫

2026, day 160 Good morning from Asia. ‘After escalating strikes, Israel and Iran signal end to attacks’ (WaPo); ‘Behind the scenes: How Israel and Iran nearly pulled Trump back to war’ (Axios); ‘PM called off major Iran strike after Trump warned Israel would be on its own — reports’ (ToI); ‘Iran halts strikes as Netanyahu says Israel will defend itself ‘as much as needed’’ (JPost); ‘Defying Trump with brief Iran fight, Israel seeks sway over peace talks’ (Reuters); ‘Khamenei, IRGC, Iranian military communication lines disrupted, source tells anti-regime outlet’ (JPost); ‘‘Strategic doctrine’: Iran hails military shift after Beirut raid response’ (AJ) - “Officials describe latest strikes against Israel as part of a military approach that prioritises ‘taking initiative and offensive power’.”; ‘Tehran says US seeking no ceasefire or dialogue’ (AJ); ‘Iran is ‘destroying’ for the sake of its own interests, Lebanese president says’ (Al Arabiya); ‘Israeli strike hits vehicle in south Lebanon’s Tyre’ (Reuters); ‘Trump Promises ‘Total Victory’ in Iran in Next Two Weeks’ (BBG); ‘US approves Kuwait request to buy nearly $2 billion of counter-drone platforms’ (Defense News); ‘US Navy F/A-18 Super Hornet strikes, disables oil tanker in Gulf of Oman’ (Defense News); ‘Iran's navy hit with EU sanctions’ (Euractiv); ‘Hand over Chagos now, Mauritius urges Starmer after Trump threats’ (Telegraph); ‘Berlin declares Franco-German fighter jet project dead in blow to Macron’ (Politico); ‘Switzerland weighs Franco-Italian alternative to US air defences’ (FT); ‘French jet on NATO mission shoots down drone in Latvian airspace’ (Reuters); ‘Europe ready to take the reins from US in talks with Putin, says Berlin’ (Politico); ‘Russia rejects Ukrainian, European peace initiatives, says battlefield will decide war’ (Kyiv Independent); ‘New AI espionage powers trigger Putin camera scare’ (FT) - “Russia paused surveillance system after killing of Iran’s Supreme Leader exposed how AI can be used on CCTV data to target enemies”; ‘Anthropic's Mythos can exploit new flaws in hours’ (Axios); ‘Chinese President Xi Jinping pledges ‘unwavering’ support for North Korea and Kim Jong-un’ (SCMP); ‘$10 Trillion War — Modeling a Taiwan Contingency’ (BBG); ‘Peru set for lengthy count as presidential race too close to call’ (Reuters): ‘Colombia set for presidential runoff after leftist Cepeda acknowledges first round loss’ (Reuters); In geoeconomics, ‘Welcome to the Era of Me-First Energy’ (NYT); ‘US adds Alibaba, BYD and other Chinese tech champions to military company blacklist’ (SCMP); ‘China is killing Europe’s chemicals industry. Brussels wants to intervene’ (Politico); ‘Macron courts China with G7 outreach’ (Politico) - “France wants to get China to agree on the need to address global trade imbalances”; ‘China's rare-earth exports to Japan drop 80%, sending companies scrambling’ (Nikkei Asia); ‘Once on the Brink, U.S. Steel’s Oldest Plant Is Getting a Big Renovation’ (WSJ) - “The project will increase production and extend the life of Pennsylvania steel mill”; ‘Indonesia Weighs Export Rule Exemptions for Commodity Traders’ (BBG); ‘China's new beef barriers to redirect meat trade as Australia nears quota’ (Nikkei Asia); ‘Is university a waste of money? HALF of graduates earn below the average wage five years after leaving amid warnings over 'debt trap degrees'’ (Daily Mail); In politics, ‘Trump's $100,000 H-1B visa fee is unlawful, US judge rules’ (Reuters); ‘Trump calls on Thune to fire Senate parliamentarian to pass SAVE America Act’ (The Hill); ‘Starmer gives tech firms ultimatum to block explicit images on children’s phones’ (Guardian); ‘Ottawa planning social media ban for children under 16’ (Globe & Mail); ‘Labor to dig deep on policy as One Nation surges in polls’ (AFR); In markets, ‘OpenAI Files to Go Public in Test of Investor Appetite for Top AI Startups’ (WSJ)

the cheapest hedge in finance right now is a prediction market contract. $50 protects a $10K portfolio against a specific event. no options chain, no broker, no greeks. just pick the outcome that hurts your portfolio and buy the other side

Very significant copper trades took place on the LME on Friday, with buyers purchasing major volumes for delivery to the USA and China. The trades were the largest withdrawal seen on the LME since 2013. Physical buying of this size is incredibly bullish. Trafigura was behind the LME orders, withdrawing >51,000 tonnes of copper worth hundreds of millions of dollars. 30,000 tonnes of that copper is for delivery to the US, where prices have widened to a premium of >$650 per tonne of copper, compared with the LME. Chart below shows the COMEX copper price premium ($ per tonne) over the LME.

IRAN'S CENTRAL BANK GOVERNOR PART OF DELEGATION IN DOHA TO DISCUSS POTENTIAL RELEASE OF FROZEN IRANIAN FUNDS AS PART OF AN EVENTUAL FINAL U.S.-IRAN AGREEMENT

2026, day 139 Good morning from Asia. ‘Trump says 'clock is ticking for Iran' after call with Netanyahu on China, Hormuz’ (JPost); ‘US, Iran Far From Hormuz Deal as Trump Says Clock Ticking’ (BBG); ‘‘No tangible concessions’ in US response to Iran proposal: Iranian media’ (AFP); ‘Trump: There won’t be anything left of Iran if it refuses peace deal’ (Telegraph); ‘Drone attack that damaged UAE's Barakah plant designed to 'send message' to UAE, sources tell Post’ (JPost); ‘Saudi Arabia says it intercepted three drones entering from Iraq’ (Al Arabiya); ‘The Iran War Is Crippling One of the World’s Wealthiest Nations’ (NYT) - “Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar’s vital gas exports, stalling the economic pivots intended to anchor the country’s growth”; ‘Israel strikes Lebanon while Hezbollah calls talks ‘dead end’’ (AFP); ‘’Now 60%’: Netanyahu admits Israel taking more territory in Gaza, despite ceasefire’ (ToI); ‘Ukraine’s deadly drone strikes on Moscow ‘entirely justified’, says Zelenskyy’ (FT); ‘Following attack on Moscow, Zelensky touts 'shift in the balance' on battlefield, signals more deep strikes’ (Kyiv Independent); ‘U.S. eyes attack-drone threat from Cuba’ (Axios); ‘Trump advisers fear China may target Taiwan in next 5 years’ (Axios); ‘Will the Trump-class battleship really be able to deter China?’ (SCMP); ‘Trump says ‘nothing’s changed’ on Taiwan. But his words belie a big shift’ (Japan Times); ‘South Korea to host Prime Minister Takaichi as quasi-state guest’ (Japan Times); In geoeconomics, ‘Iran energy crisis enters new phase as peak summer season approaches’ (FT) - “Emergency measures spread as oil stockpiles run low”; ‘Gulf freight rates jump as shipping companies turn to trucks to move cargo’ (FT); ‘The future of America’s military industrial complex’ (FT) - “In an age of disruption, defence is undergoing seismic and lucrative change”; ‘This Arkansas Town Is Humming With the Sound of Missile Making’ (WSJ) - “To meet wartime demand, Camden is channeling its residents into defense manufacturing”; ‘China to buy at least $17 billion in US agricultural products annually, White House says’ (Reuters); ‘India restricts most silver imports to cut import bill, support rupee’ (Reuters); ‘Stung into action: How Europe can deter both China and the U.S.’ (Euractiv) - “Brussels doesn’t hold any trump cards over Washington or Beijing. But this doesn’t mean it always has to fold”; ‘A sinking ship? Why the EU and China could be heading for a trade war’ (SCMP); ‘China investor gobbles up 120-year-old German sewing machine maker’ (Nikkei Asia); ‘Maserati Is Teaming Up With China: Report’ - (Motor1) - “The Italian automaker is allegedly in talks with Huawei and JAC to develop and build Maseratis in China based on Chinese technology”; ‘Japan's Sumitomo Metal, Sojitz look to Southeast Asia for rare earths’ (Nikkei Asia) - “Philippines, Malaysia and Vietnam hold promise for building China-free supply chain”; ‘Australia Orders Chinese Investors to Sell Stakes in Mining Firm’ (BBG); ‘’Loophole’ to allow millions to negatively gear homes’ (AFR); ‘Samsung, Labor Union to Meet in ‘Last Chance’ to Avert Strike’ (BBG); In politics, ‘Spain’s Conservatives lose majority in Andalusia, leaving far-right deal likely’ (Politico); ‘Eurovision faces tough questions over country participation’ (Politico) - “The song contest’s existential moment over Israel’s participation is far from over”; ‘Burnham retreats on push to rejoin EU’ (Telegraph) - “Labour leadership contender distances himself from previous calls following backlash”; ‘Tories should stand aside for Reform in Makerfield, says Rees-Mogg’ (Telegraph); ‘GOP lawmakers battle as conservatives press for third budget reconciliation bill’ (The Hill; In markets, ‘Bond Traders See Tipping Point Toward New Era of Higher Yields’ (BBG)

2026, day 133 Good morning from Asia. ‘Trump weighs military action against Iran with ceasefire "on life support"’ (Axios); ‘Iran’s top negotiator: Accept our proposal or ‘American taxpayers will pay for it’’ (The Hill); ‘U.S. Increases Iran Sanctions Over China Oil Sales’ (WSJ); ‘US issues alert to banks on IRGC efforts to evade sanctions’ (Reuters); ‘Three crude oil tankers exit Strait of Hormuz with trackers switched off, data shows’ (Reuters); ‘Despite Trump statements, US president vetoed Kurdish uprising, sources confirm to 'Post'’ (JPost); ‘Hegseth’s latest attack on Kelly underlines alarm over US weapons stockpiles’ (The Hill); ‘The U.A.E. Has Been Secretly Carrying Out Attacks on Iran’ (WSJ) - “One strike in April hit an oil refinery on Iran’s Lavan Island”; ‘Syria FM says beginning new phase of partnership with EU’ (Reuters); ‘Trump and Rubio's escalating rhetoric show a Cuba invasion could be imminent’ (Axios); ‘Venezuela’s acting president defends country’s territory and rejects Trump’s 51st state remarks’ (AP); ‘Trump and China's Xi set for talks spanning Iran, nuclear, trade and AI’ (Reuters); ‘China sees Iran war as warning: battlefield wins don’t guarantee victory’ (Ynet); ‘Commission admits plan to invite Taliban to Brussels’ (Euractiv); ‘Kallas pitches herself to lead future EU talks with Russia’ (Euractiv); ‘Spain’s foreign minister calls for EU army as ‘we can’t wake up every day wondering what the US will do next’’ (Independent); ‘Europe's sleeping giant rearms’ (Telegraph) - “Berlin's push to ready the Bundeswehr for war is struggling under the stifling weight of the country's bureaucracy”; ‘The crucial date when we will know if hantavirus is spreading’ (Telegraph) - “Any new cases will soon signal the virus is circulating wider than the cruise ship’s passengers”; In geoeconomics, ‘Fuel, munitions and food: Trump’s Iran war rips across US economy’ (FT); ‘Think $6 Gas Is Bad? It’s About to Get Even Worse in California’ (WSJ); ‘Trump Says He Supports Suspending the Federal Gas Tax’ (WSJ); ‘US to loan 53.3 million barrels of oil from Strategic Petroleum Reserve’ (Reuters); ‘Trump to sign orders to boost beef imports, grow herds to try to reduce record prices’ (Reuters); ‘American agriculture is broken’ (FT); ‘House lawmakers introducing bill to toughen US ban on Chinese vehicles’ (Reuters); ‘China’s AI ascent leaves Trump a stark choice: escalate or relax chip controls?’ (SCMP); ‘President Trump and Chinese President Xi Jinping are reportedly considering a deal that would let Beijing invest $1 trillion in the U.S.’ (Yahoo); ‘Lange resists calls to rush EU-US trade pact amid Trump's tariff threats’ (Euractiv); ‘Could Iran Start Charging Global Tech Firms For Undersea Cables In The Strait Of Hormuz?’ (Eurasia Review); In politics, ‘Capital gains tax to be among highest in world’ (AFR); ‘Starmer wants to revolutionise Labour by taking Britain back to the 1970s’ (Telegraph); ‘Starmer on the brink as cabinet ministers urge him to quit’ (Guardian); ‘My premiership won’t bring down the economy, Burnham assures bond markets’ (Telegraph); ‘What would a Reform government do?’ (FT); ‘France’s crowded race to replace Emmanuel Macron’ (FT) - “Fragmented field on left and centre boosts far-right hopes for the Élysée Palace”; ‘How Republicans are winning the war over US congressional redistricting, state by state’ (Reuters); ‘Hanson, Farage and Trump show centre-right must fight or die’ (Australian); ‘Volodymyr Zelenskyy’s former chief of staff targeted in major corruption probe’ (FT); ‘Philippine lawmakers vote overwhelmingly to impeach VP Sara Duterte’ (Nikkei Asia); ‘California mayor admits to being a China agent in federal probe’ (BBG); In markets, ‘The NACHO Trade Is Taking Shape on Wall Street’ (WSJ) - “Enter NACHO, or “Not A Chance Hormuz Opens.””; ‘Takaichi to meet with U.S. Treasury secretary in Tokyo’ (Japan Times)

🎯

GameStop will now own eBay all because some guy called Roaring Kitty posted about the stock on Wall Street Bets in 2020

2026, day 121 Good morning from Australia. ‘Iran threatens painful response if US renews attacks’ (Reuters); ‘Pezeshkian, Ghalibaf look to fire FM Araghchi over allegiance to IRGC commander - report’ (JPost); ‘US naval blockade squeezes Iran’s oil exports, forces crude onto floating storage’ (Al Arabiya); ‘Iranian economic collapse may come too late for Trump’ (Reuters); ‘The U.A.E.’s OPEC Bombshell Signals a New Middle East Order’ (WSJ); ‘UAE bans citizens from traveling to Iran, Iraq and Lebanon’ (Reuters) - “urges Emiratis currently in those countries to leave immediately and return home due to “regional developments””; ‘American general confirms Russia aiding Iran in war with US’ (Kyiv Independent); ‘Lebanon's internal splits over talks with Israel trip up Saudi mediation efforts’ (Reuters); ‘US Embassy in Beirut urges Lebanon to negotiate with Israel with ‘full attention’ of US’ (Al Arabiya); ‘Trump hails ‘tremendous new chapter’ with Iraq after call with PM-designate’ (Al Arabiya); ‘Trump’s threat to pull troops out of Germany crashes into reality’ (Politico); ‘US wants Poland to be permanent G20 member’ (TVP World); ‘EU plans ‘pre-entry’ perks for Ukraine as fast-track membership hopes dim’ (Politico); ‘Why is China warning the UN of a Japanese ‘nuclear breakout’?’ (SCMP); ‘Wang calls Taiwan ‘biggest risk factor’ in Beijing-Washington ties during Rubio call’ (SCMP); ‘Iran war tests India’s Brics leadership as ‘political relevance’ questions mount’ (SCMP); ‘Canada says it will host new multilateral defence bank, could take time to set up’ (Reuters); ‘Mexico's Sheinbaum says proof needed after US charges Sinaloa governor for cartel ties’ (Reuters); In geoeconomics, ‘Trump says gas prices will drop as soon as Iran war is over’ (Reuters); ‘Europe doesn’t know how much fuel it has’ (Politico) - “Fears about supplies are growing faster than the EU’s ability to measure them”; ‘Brussels bows to industry demands for more free CO2 permits’ (Euractiv) - “EU executive will let firms pollute gratis more, internal presentation shows”; ‘‘Park it in the 1970s’: Lagarde downplays stagflation fears’ (Euractiv) - “We're not in stagnation, let alone recession,” said the European Central Bank chief; ‘Trump signs order authorizing pipeline project partially reviving Keystone XL line’ (Reuters); ‘US adds Vietnam and EU, removes Argentina, Mexico from trade investigation watchlists’ (Reuters); ‘Trump Says He Will Remove Tariffs on U.K. Whisky Industry’ (WSJ); ‘Toyota to build 3 India plants, tripling output in country’ (Nikkei Asia) - “Automaker will use facilities to export to growing Africa, Middle East markets”; ‘Xi-Trump summit unlikely to revive Chinese investment in US, report warns’ (SCMP); ‘Mexico to require federal projects to use local steel in response to US tariffs’ (Reuters); ‘Inside the Albanese Government’s secret sales pitch to justify slashing tax breaks for landlords’ (News.com.au) - “Younger voters put him in power. Now the PM is preparing to reward them with a tax shake-up that will enrage property barons”; ‘Trump sons take stake in Kazakh miner that won $1.6bn US contract’ (FT); In politics, ‘An epidemic’: is antisemitism out of control in the UK?’ (Guardian); ‘Starmer refused to show his face to the furious crowd’ (Telegraph) - “As the Prime Minister’s car drove past, the anger of the protesters was palpable – and so was their fear at what Labour’s Britain had become”; In markets, ‘Bond investors brace for ‘volatile’ Federal Reserve transition as Powell stays on’ (FT); ‘Trump Says Iran Blockade Working as Oil Briefly Hits War’s High’ (BBG); ‘Trump signs executive order expanding retirement benefits’ (The Hill)

RT @ericnuttall: This is potentially a huge deal for the Canadian oil sector: 550,000 Bbl/d of new takeaway capacity, with upsize potential…

IRAN-RUSSIA ALLIANCE DEEPENS AS ARAGHCHI VISITS MOSCOW Iranian Foreign Minister Abbas Araghchi is in Russia for talks as military and political cooperation with Moscow deepens amid shared tensions with the U.S. Since Russia’s war in Ukraine, the two countries have expanded ties, including drone exchanges and reported intelligence and military support. Iran’s Shahed drones are used in Ukraine, while Western officials say Russia has provided Tehran with satellite data and targeting assistance. The Kremlin called the meeting with Vladimir Putin “hard to overstate” in importance given Middle East tensions. Moscow benefits from the conflict via higher oil prices and pressure on Western arms supplies, but risks instability in its key regional partner, Iran.

2026, day 116 ‘Trump rushed offstage at White House correspondents’ dinner after shots fired’ (FT); ‘Shooter Detained at White House Correspondents’ Dinner, Says Trump’ (WSJ); ‘Aborted Pakistan Trip Leaves Trump With Tough Choices on Iran Talks’ (WSJ) - “U.S. envoys Steve Witkoff and Jared Kushner were set to travel to Islamabad on Saturday before the president called it off”; ‘Trump tells reporters US received new proposal from Iran after trip cancellation’ (The Hill); ‘Iran president calls on people to save energy’ (AFP); ‘Japan assesses feasibility of sending minesweepers to Strait of Hormuz’ (Japan Times); ‘Both sides have weaponized the impasse in the Iran war’ (Globe and Mail); ‘The IRGC thinks it’s having a good war. Why accept peace?’ (Australian); ‘Netanyahu orders IDF to attack Hezbollah in southern Lebanon after repeated violations of ceasefire’ (JPost); ‘Why Gulf countries want Ukrainian war know-how’s (Euractiv) - “Kyiv’s new agreements with Gulf states are not about selling weapons but exporting a battlefield-tested defence ecosystem, one Europe is watching closely”; ‘Suspected Somali pirates hijack oil vessel headed to Mogadishu’ (AP); ‘Mali army bases hit in large-scale attacks claimed by al-Qaida-linked militants’ (Reuters); ‘‘Starving’ Russian troops turning to cannibalism, Ukraine claims’ (Times); ‘Drone crashes in Romania as Russia strikes neighbouring Ukraine’ (Euronews); ‘Zelenskyy says he is ready to meet Putin in Azerbaijan’ (Euronews); ‘Europeans must recognize US, China and Russia are ‘dead against’ us, says Macron’ (Politico) - “French president also said he expected tensions with the U.S. to outlast Trump”; ‘Macron says EU’s mutual defence clause ‘not just words’’ (Guardian) - “French president cites joint military aid to Cyprus as proof of Europe’s ability to defend itself during trip to Athens”; ‘Macron Pledges France Will Stand By Greece Against Turkey’ (Greek City Times); ‘Britain rethinks its “special relationship” with America’ (Economist) - “Seventy years after the Suez crisis, the Middle East brings a new reckoning”; ‘King's 'high stakes' visit with Trump will be toughest test yet of his reign’ (BBC); ‘Will South Korea or Japan develop a nuclear deterrent of their own?’ (SCMP); ‘Japan eyes expanded warship exports with Mogami-class frigate as template’ (Nikkei Asia) - “Mitsubishi Heavy's customizable design helps Tokyo pitch durability and cost effectiveness overseas”; ‘Sihasak asks China to mediate Iran talks to protect Thai fuel’ (Bangkok Post); “Thailand to push one trillion Land Bridge plan to cabinet” (Khaosod) - “He stressed that the government would not directly invest in the project but would grant land concessions to private investors”; ‘Colombian president says rebels responsible for highway bombing killing 14 people’ (BBC) - “Political violence has escalated in Colombia ahead of next month’s presidential election”; In geoeconomics, ‘France and Greece call for delaying Covid debt repayment and for more EU bonds’ (Politico); ‘Beijing bars seven EU defence companies from dual-use exports’ (Euractiv); ‘Will China’s mathematicians join a global effort to boycott the United States?’ (SCMP); ‘DeepSeek’s long-awaited new model fails to narrow U.S. lead in AI’ (BBG); ‘Iran war throttles global fluoride supply, impacting US waterworks’ (The Hill); ‘The billion-barrel Hormuz oil shock is about to crash demand’ (AFR); In politics, ‘In Supreme Court fight against deportation shield, Trump says judges have no role’ (Reuters); ‘‘They deserve to lose’: Labour at risk of ‘red wall’ collapsing in May elections’ (Guardian); ‘Labor’s Andrew Leigh in denial about broken immigration system’ (AFR) - “When migration runs ahead of housing supply, infrastructure and services, the consequences are immediate and wide-ranging”; ‘The ‘fraud triangle’ crushing our trust, from gangs to the NDIS’ (SMH)

bit.ly/41XDT2H --> green narrative shift underway

🎯🎯🎯