Day News Recap: Iran, Ukraine and Gaza flare as markets track oil jump and mixed equities
The biggest escalation came in the Gulf, where the United States said it had carried out strikes across southern Iran for a fifth day and disabled tankers that ignored repeated warnings, as Washington reimposed a blockade and tensions with Tehran deepened. Iranian officials said the attacks had spread across the south, while a Tehran billboard showing Donald Trump in a coffin underlined the hardening mood. π π π πThe confrontation also raised wider shipping fears. India told shipping firms not to deploy Indian seafarers on vessels transiting the Strait of Hormuz, and analysts said a June memorandum on the waterway... [Continue Reading]
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Mexico rejects US DEA chief's claim of cartel links to government
Mexican President Claudia Sheinbaum has rejected remarks by the head of the United States Drug Enforcement Administration that suggested Mexico's government is aligned with criminal cartels. Speaking at her daily news conference on Wednesday, Sheinbaum said the comments were baseless and sounded more like a political statement than one supported by evidence. The dispute adds to an already tense debate over how the two countries should cooperate on drugs and security.The comments came after DEA Administrator Terry Cole said on Tuesday that the Mexican government and cartel networks were "one and the same". Mexico's government responded that the remarks did... [Continue Reading]

