Iran-China Bloc? Tehran Envoy Proposes New Regional Bloc
Mohammad Bagher Ghalibaf, Iran’s parliament speaker and recently appointed special envoy for China affairs, told a meeting with Iran’s business chamber that Tehran needs new regional blocs and that any future bloc would have Iran and China at its center. Ghalibaf’s remarks, reported by Iranian state news agency IRNA, came with a revealing operational demand. […]
Alberta Health Told To Provide Documents To RCMP Amid Scandal
Alberta Health Services has received a court-backed order to provide documents to law enforcement, according to a senior executive at the agency. The order comes as RCMP continues investigating allegations that procurement decisions inside Alberta’s health system were mishandled in ways that benefited private businesses. Former AHS chief executive Athana Mentzelopoulos has alleged she was […]
Japan’s 31-Year High Rate Hike May Not Save The Yen
The Bank of Japan raised its short-term policy rate to around 1.0% on June 16, lifting the country’s benchmark borrowing cost into territory not seen since the mid-1990s. The central bank also raised the rate applied to its complementary deposit facility to 1.0% and its basic loan rate to 1.25%, with the changes taking effect […]
G7 Endorses Canada as Key Energy Supplier to Reduce Hormuz Dependence
G7 leaders have formally endorsed Canada’s potential to deliver “significant additional capacity” to global energy markets, a direct acknowledgment of the country’s role in reducing the world’s dependence on oil and gas routed through the Strait of Hormuz. The endorsement emerged from a joint statement at the G7 summit in Évian-les-Bains, France, where leaders pledged […]
Relief, Then Compliance: The US-Iran Agreement Explainer
The US-Iran memorandum now circulating through official briefings and wire reports is not built like a final settlement but a down payment. Iran would get access to the two things it needs fastest: energy-market reopening and financial relief. Washington would get a ceasefire framework, a promise that Iran will not produce a nuclear weapon, and […]
NetJets Business Jet Diverts Before Fatal Texas Highway Crash
A fatal business jet crash in Laredo has shifted attention from the wreckage on Loop 20 to a more uncomfortable question for private aviation: what happens when a premium, professionally operated flight ends not at a terminal, but on a public highway? One person was killed after a NetJets-operated Cessna Citation Latitude crashed late Tuesday […]
First Phosphate Locks In Offtake Deals, Export Credit Backing at G7
First Phosphate (CSE: PHOS) has used the G7 stage to formalize a cluster of investment, financing and offtake commitments that move its battery-grade phosphate ambitions closer to construction.
Cushing Crude Stocks Hit Tank Bottom Lows Not Seen Since 2014
Eight consecutive weekly draws have pushed crude inventories at Cushing, Oklahoma to just above the 20 million barrel threshold widely regarded as functional tank bottoms, the level below which the hub can barely operate. Last week’s decline of roughly 1.6 million barrels was the latest in a sustained run of losses at the facility, which […]
Trump Invokes Defense Production Act Amid Munitions Production Crisis
Concern over depleted munitions stockpiles is now driving action at the White House, after an April analysis by the Center for Strategic and International Studies concluded the U.S. may have burned through more than half its inventory of four critical munitions, Tomahawk missiles among them, during the campaign against Iran. A presidential memo dated June […]
Generation Mining Lands US$310 Million Credit Approval for Marathon Project
Generation Mining (TSX: GENM) has nearly cleared one of the last hurdles standing between its Marathon copper-palladium project and a construction start, winning credit approval for a US$310 million senior secured project finance facility. The lenders behind the facility, including Export Development Canada, ING Capital and Société Générale, have each granted internal credit approval, the […]