Iran condemns US for breaching June agreement by reinstating oil sanctions
Iran accused the United States of violating the Islamabad Memorandum of Understanding after Washington reversed the temporary suspension of sanctions on Iranian oil exports.
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Cuban Foreign Minister Condemns US Sanctions as ‘Cruel Warfare’ at the UN General Assembly
Cuban Foreign Minister Bruno Rodriguez denounced US sanctions as a form of multidimensional warfare, accusing Washington of worsening humanitarian suffering and threatening Cuba at the UN General Assembly.
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DeepSeek Develops Custom AI Chip to Reduce Dependence on Huawei and NVIDIA Amid Trade Limits
Chinese startup DeepSeek plans to launch its own AI inference chip to gain hardware control and sidestep reliance on Huawei and NVIDIA despite manufacturing and sanction challenges.
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Pakistan Opens New Trade Corridors Through Iran and China to Bypass Afghanistan
Pakistan has launched two new overland trade corridors via Iran and China, reducing reliance on Afghanistan amid security concerns and regional instability.
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DJI and Insta360 Escalate Patent Battle with New Lawsuits in China
After dropping their U.S. legal actions, DJI and Insta360 shift their patent disputes to China, filing multiple claims over key camera and gimbal technologies.
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President Lee Urges Swift Progress on Semiconductor and AI Investment Projects
President Lee Jae Myung urged faster government action to accelerate large-scale chip cluster and AI investments, emphasizing streamlined procedures and immediate infrastructure support.
Trade & Tariffs
Sanctioned States Increased Cryptocurrency Use Nearly Eightfold in 2025
Sanctioned countries including Iran, North Korea, and Russia processed over $100 billion in cryptocurrency last year, using digital assets to evade restrictions and finance military operations.
Trade & Tariffs
Iran and Qatar Restart Maritime Trade After Five-Month Halt
Iran has resumed maritime shipping with Qatar following a five-month suspension, marking a cautious step toward restoring regional trade after recent conflicts.
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EU’s Declining U.S. LNG Imports Challenge Ambitious Energy Trade Commitment
Europe’s sharp drop in U.S. LNG imports amid higher Asian prices raises doubts about meeting the EU’s $750 billion energy purchase pledge under the recent trade deal.
Trade & Tariffs
India-Israel Bilateral Investment Agreement Enters into Force to Boost Economic Partnership
The India-Israel bilateral investment agreement, effective from July 2026, aims to enhance investor protection and promote cross-border investments between the two nations.
Trade & Tariffs
Japan Considers Resuming Iranian Oil Imports Amid Sanctions Waiver and Shipping Concerns
Japan explores resuming Iranian crude purchases under a limited U.S. sanctions waiver, with buyers seeking extended terms and assurances on tanker safety in the Persian Gulf.
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US Agricultural and Manufacturing Groups Back Trump’s USMCA Review to Address Trade Concerns
Key US industry representatives and lawmakers from both parties support President Trump’s decision to review the USMCA agreement before renewal to fix trade imbalances and enforcement issues.