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Oil prices fell sharply on Friday (Jun 12) as renewed hopes of a peace agreement between Iran and the United States raised expectations that disruptions to global energy supplies could soon ease. Global benchmark Brent crude dropped below $86 a barrel, its lowest level since the early stages of the Iran conflict, before recovering some losses to trade above $87. The decline came after Iranian and US officials signalled that negotiations to end the war were making significant progress.Also read | <a href="https://www.wionews.com/photos/world-s-safest-countries-in-2026-did-india-make-it-to-the-top-10-global-peace-index-2026-1781246718561">World's Safest Countries in 2026: Did India make it to the top 10? Here's where it ranks</a><h2>How the price of Brent crude surged since February</h2>The conflict between the US, Israel and Iran has rattled global energy markets for months. Brent crude had surged from around $72 a barrel before the outbreak of hostilities to as high as $126 in April, as fears grew over the security of oil and gas shipments from the Middle East. The spike in energy costs has weighed on economic growth worldwide while fuelling inflationary pressures.<h2>Positive market reactions follow latest diplomatic news</h2>Markets responded positively to the latest diplomatic developments. Britain's FTSE 100 climbed 1.6 per cent, while Germany's DAX and France's CAC 40 both gained nearly 2 per cent. US stocks also moved higher as investors bet that a breakthrough could reduce one of the biggest sources of uncertainty facing the global economy.Also read | <a href="https://www.wionews.com/world/iran-delays-ali-khamenei-funeral-when-will-the-slain-supreme-leader-be-laid-to-rest-1781227414587">Iran again delays Ali Khamenei's funeral: Why the slain supreme leader remains unburied after 100 days</a>Government bond markets also rallied. Yields on 10-year UK government bonds, known as gilts, fell below 4.8 per cent, their lowest level since April 20, reflecting expectations that lower energy prices could help cool inflation.The optimism followed remarks from officials on both sides suggesting that an agreement may be within reach. Iranian Foreign Minister Abbas Araghchi said the proposed "Islamabad Memorandum of Understanding", named after the Pakistani capital that hosted earlier talks, was closer than ever to being finalised.Pakistan, which has been acting as a mediator, also expressed confidence that a deal could be achieved.

Global oil prices fell sharply after Iranian and US officials signalled progress in negotiations to end the conflict that has disrupted energy markets for months. Brent crude briefly dropped below $86 a barrel as investors bet that risks to Middle Eastern oil supplies could soon ease.

Oil prices fell sharply on Friday (Jun 12) as renewed hopes of a peace agreement between Iran and the United States raised expectations that disruptions to global energy supplies could soon ease. Global benchmark Brent crude dropped below $86 a barrel, its lowest level since the early stages of the Iran conflict, before recovering some losses to trade above $87. The decline came after Iranian and US officials signalled that negotiations to end the war were making significant progress. Also read | World's Safest Countries in 2026: Did India make it to the top 10? Here's where it ranks How the price of Brent crude surged since February The conflict between the US, Israel and Iran has rattled global energy markets for months. Brent crude had surged from around $72 a barrel before the outbreak of hostilities to as high as $126 in April, as fears grew over the security of oil and gas shipments from the Middle East. The spike in energy costs has weighed on economic growth worldwide while fuelling inflationary pressures. Positive market reactions follow latest diplomatic news Markets responded positively to the latest diplomatic developments. Britain's FTSE 100 climbed 1.6 per cent, while Germany's DAX and France's CAC 40 both gained nearly 2 per cent. US stocks also moved higher as investors bet that a breakthrough could reduce one of the biggest sources of uncertainty facing the global economy. Also read | Iran again delays Ali Khamenei's funeral: Why the slain supreme leader remains unburied after 100 days Government bond markets also rallied. Yields on 10-year UK government bonds, known as gilts, fell below 4.8 per cent, their lowest level since April 20, reflecting expectations that lower energy prices could help cool inflation. The optimism followed remarks from officials on both sides suggesting that an agreement may be within reach. Iranian Foreign Minister Abbas Araghchi said the proposed "Islamabad Memorandum of Understanding", named after the Pakistani capital that hosted earlier talks, was closer than ever to being finalised. Pakistan, which has been acting as a mediator, also expressed confidence that a deal could be achieved.

Global oil prices fell sharply after Iranian and US officials signalled progress in negotiations to end the conflict that has disrupted energy markets for months. Brent crude briefly dropped below $86 a barrel as investors bet that risks to Middle Eastern oil supplies could soon ease.

Oil prices tumble as Iran, US signal breakthrough in war-ending talks

The United States said Iran launched multiple one-way attack drones targeting commercial ships transiting the Strait of Hormuz, with US forces intercepting and destroying all of them.&nbsp;In a post on X, CENTCOM said, "Iran launched multiple one-way attack drones in an attempt to strike commercial ships transiting the Strait of Hormuz. U.S. forces have downed all of them in recent hours as traffic flow through the strait continues unimpeded".&nbsp;

<blockquote class="twitter-tweet">Iran launched multiple one-way attack drones in an attempt to strike commercial ships transiting the Strait of Hormuz. U.S. forces have downed all of them in recent hours as traffic flow through the strait continues unimpeded. The international trade corridor remains open for…&mdash; U.S. Central Command (@CENTCOM) <a href="https://x.com/CENTCOM/status/2065608055790637301?ref_src=twsrc%5Etfw">June 13, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

The US added that shipping traffic through the Strait of Hormuz remained unaffected despite the attempted attack.&nbsp;The development comes as President Donald Trump said he believes a deal with Iran could be finalised over the weekend or on Monday.&nbsp;&nbsp;Earlier, the US president announced that he had cancelled planned strikes against Iran after talks with Tehran reached what he described as a crucial stage.&nbsp;"Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have... cancelled the scheduled strikes and bombings against Iran this evening," Trump posted on Truth Social.&nbsp;Meanwhile, on Friday, Iranian Foreign Minister Seyed Abbas Araghchi said that issues related to the Strait of Hormuz and the lifting of the US naval blockade against Iran were included in a proposed Memorandum of Understanding that could soon be signed.&nbsp;Araghchi also said the proposed agreement would bring an end to conflicts across several fronts, including in Lebanon.&nbsp;“The MoU will announce the end of the war on all fronts, including in Lebanon. We will never leave Lebanon alone,” the Iranian foreign minister said.&nbsp;(Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.)

The US Central Command (CENTCOM) claimed shipping traffic through the Strait of Hormuz remained unaffected despite the attempted attack.

The United States said Iran launched multiple one-way attack drones targeting commercial ships transiting the Strait of Hormuz, with US forces intercepting and destroying all of them. In a post on X, CENTCOM said, "Iran launched multiple one-way attack drones in an attempt to strike commercial ships transiting the Strait of Hormuz. U.S. forces have downed all of them in recent hours as traffic flow through the strait continues unimpeded".

The US Central Command (CENTCOM) claimed shipping traffic through the Strait of Hormuz remained unaffected despite the attempted attack.

US says it thwarted Iranian drone attack on commercial ships in Strait of Hormuz

US President Donald Trump on Friday (Jun 12) took to social media to announce that American forces had killed Héctor Rusthenford Guerrero Flores, better known as Niño Guerrero, the alleged leader of Venezuela's notorious Tren de Aragua gang, in what he described as a "swift and lethal" military operation.In a lengthy post on Truth Social late Friday, Trump said the strike was carried out by the US Southern Command and was coordinated "closely with our friends in Venezuela". He claimed the operation had eliminated the man he called the leader of "one of the most bloodthirsty terrorist organisations on planet Earth."The White House, Pentagon and Southern Command had not immediately released additional details about the operation, including where the strike took place or how it was carried out.Also read | <a href="https://www.wionews.com/photos/world-s-safest-countries-in-2026-did-india-make-it-to-the-top-10-global-peace-index-2026-1781246718561">World's Safest Countries in 2026: Did India make it to the top 10? Here's where it ranks</a><h2>Trump shares footage of lethal kinetic strike</h2>Trump also shared footage that appeared to show a building being struck, with a rooftop engulfed in smoke and debris moments after impact. The video was posted alongside his announcement, though independent verification of the footage was not immediately available. Watch the video here:

The US president also used the announcement to highlight his administration's broader campaign against transnational criminal groups. He linked the operation to his pledge to crack down on illegal immigration and target gangs that Washington has designated as foreign terrorist organisations. "Early in my Administration, I delivered on my promise to designate Tren de Aragua as a Foreign Terrorist Organisation, deport thousands of evil criminals, and wage war against the Cartels, who have long been waging war against our Citizens, while weak leaders left America helpless and defensive."Also read | <a href="https://www.wionews.com/world/iran-delays-ali-khamenei-funeral-when-will-the-slain-supreme-leader-be-laid-to-rest-1781227414587">Iran again delays Ali Khamenei's funeral: Why the slain supreme leader remains unburied after 100 days</a><h2>What is Tren de Aragua?</h2>Tren de Aragua emerged from Venezuela's prison system and has grown into one of Latin America's most feared criminal networks. US authorities have accused the group of involvement in crimes ranging from drug trafficking and extortion to kidnappings and murders across multiple countries. Guerrero had previously been charged by US prosecutors with racketeering conspiracy and providing material support to terrorists.

Donald Trump says US forces killed Héctor "Niño" Guerrero Flores, the alleged leader of Venezuela's Tren de Aragua gang. Here's who he was, why he was wanted and what Tren de Aragua is.

US President Donald Trump on Friday (Jun 12) took to social media to announce that American forces had killed Héctor Rusthenford Guerrero Flores, better known as Niño Guerrero, the alleged leader of Venezuela's notorious Tren de Aragua gang, in what he described as a "swift and lethal" military operation. In a lengthy post on Truth Social late Friday, Trump said the strike was carried out by the US Southern Command and was coordinated "closely with our friends in Venezuela". He claimed the operation had eliminated the man he called the leader of "one of the most bloodthirsty terrorist organisations on planet Earth." The White House, Pentagon and Southern Command had not immediately released additional details about the operation, including where the strike took place or how it was carried out. Also read | World's Safest Countries in 2026: Did India make it to the top 10? Here's where it ranks Trump shares footage of lethal kinetic strike Trump also shared footage that appeared to show a building being struck, with a rooftop engulfed in smoke and debris moments after impact. The video was posted alongside his announcement, though independent verification of the footage was not immediately available. Watch the video here:

Donald Trump says US forces killed Héctor "Niño" Guerrero Flores, the alleged leader of Venezuela's Tren de Aragua gang. Here's who he was, why he was wanted and what Tren de Aragua is.

Who is Niño Guerrero? Trump announces leader of 'bloodthirsty terrorist organisation' Tren de Aragua killed in 'swift and lethal' US strike

A US deportation flight carrying migrants from countries including Iran, Afghanistan, Turkey and Georgia landed in the Central African Republic (CAR) on Friday (Jun 12), according to lawyers and activists familiar with the operation. The flight marks the latest example of the Trump administration's increasingly controversial practice of deporting migrants to third countries with which they have no apparent connection.The aircraft departed from Alexandria, Louisiana, on Thursday evening and made a scheduled stop in Ghana before arriving in the Central African capital of Bangui later on Friday, according to ICE Flight Monitor, a tracking project affiliated with Human Rights First.Also read | <a href="https://www.wionews.com/world/us-plans-to-deport-iranian-migrants-to-central-african-republic-despite-persecution-torture-concerns-1781223346924">US plans to deport Iranian migrants to Central African Republic despite persecution, torture concerns</a><h2>Deported despite 'withholding of removal' protection</h2>Lawyers involved in the case told AFP that several of those on board had previously received "withholding of removal", a form of legal protection that prevents deportation to a person's home country if they are deemed likely to face persecution or danger there. While the status offers fewer protections than asylum, it has historically shielded recipients from being returned to countries they fled.Among those reportedly scheduled for removal were at least two Iranian women. Their attorney, Emily Trostle, said there were concerns that deportees could eventually be sent back to their countries of origin through onward removals.The deportation comes as the Trump administration continues to widen both the scope of its immigration crackdown and the range of destinations used for removals. Washington maintains that migrants granted withholding of removal cannot be sent to their home countries, but can legally be deported elsewhere.Also read | <a href="https://www.wionews.com/photos/world-s-safest-countries-in-2026-did-india-make-it-to-the-top-10-global-peace-index-2026-1781246718561">World's Safest Countries in 2026: Did India make it to the top 10? Here's where it ranks</a><h2>'Do not...for any reason': What will happen to the deportees in Central African Republic?</h2>Questions remain over what will happen to the deportees in the Central African Republic, one of the world's poorest and most fragile nations. The US State Department currently advises Americans not to travel to the country "for any reason" due to security concerns. "Do not travel to Central African Republic for any reason," reads the advisory.Although security has improved in recent years with support from UN peacekeepers, Rwandan troops and Russian-linked Wagner forces, armed groups continue to operate across parts of the mineral-rich nation.As per the report, little is known about the agreement that allowed the transfer. Central African authorities have not publicly explained whether the migrants will remain in the country, be allowed to seek asylum, or be moved elsewhere. Washington argues that the "withholding of removal" only protects migrants from being sent to their home countries. However, some people have been further deported to their home countries, where they face persecution and torture threats, from Ghana and Equatorial Guinea, another African hub. &nbsp;

A US deportation flight carrying migrants from Iran, Afghanistan, Turkey has arrived in Central African Republic. Several deportees reportedly held legal protections preventing their return home, raising fresh concerns about Trump administration's expanding third-country deportation policy.

A US deportation flight carrying migrants from countries including Iran, Afghanistan, Turkey and Georgia landed in the Central African Republic (CAR) on Friday (Jun 12), according to lawyers and activists familiar with the operation. The flight marks the latest example of the Trump administration's increasingly controversial practice of deporting migrants to third countries with which they have no apparent connection. The aircraft departed from Alexandria, Louisiana, on Thursday evening and made a scheduled stop in Ghana before arriving in the Central African capital of Bangui later on Friday, according to ICE Flight Monitor, a tracking project affiliated with Human Rights First. Also read | US plans to deport Iranian migrants to Central African Republic despite persecution, torture concerns Deported despite 'withholding of removal' protection Lawyers involved in the case told AFP that several of those on board had previously received "withholding of removal", a form of legal protection that prevents deportation to a person's home country if they are deemed likely to face persecution or danger there. While the status offers fewer protections than asylum, it has historically shielded recipients from being returned to countries they fled. Among those reportedly scheduled for removal were at least two Iranian women. Their attorney, Emily Trostle, said there were concerns that deportees could eventually be sent back to their countries of origin through onward removals. The deportation comes as the Trump administration continues to widen both the scope of its immigration crackdown and the range of destinations used for removals. Washington maintains that migrants granted withholding of removal cannot be sent to their home countries, but can legally be deported elsewhere. Also read | World's Safest Countries in 2026: Did India make it to the top 10? Here's where it ranks 'Do not...for any reason': What will happen to the deportees in Central African Republic? Questions remain over what will happen to the deportees in the Central African Republic, one of the world's poorest and most fragile nations. The US State Department currently advises Americans not to travel to the country "for any reason" due to security concerns. "Do not travel to Central African Republic for any reason," reads the advisory. Although security has improved in recent years with support from UN peacekeepers, Rwandan troops and Russian-linked Wagner forces, armed groups continue to operate across parts of the mineral-rich nation. As per the report, little is known about the agreement that allowed the transfer. Central African authorities have not publicly explained whether the migrants will remain in the country, be allowed to seek asylum, or be moved elsewhere. Washington argues that the "withholding of removal" only protects migrants from being sent to their home countries. However, some people have been further deported to their home countries, where they face persecution and torture threats, from Ghana and Equatorial Guinea, another African hub.

A US deportation flight carrying migrants from Iran, Afghanistan, Turkey has arrived in Central African Republic. Several deportees reportedly held legal protections preventing their return home, raising fresh concerns about Trump administration's expanding third-country deportation policy.

Trump administration deports Iranian migrants to nation US warns against visiting 'for any reason'

As Iran and the United States near a peace deal, Israeli Defence Minister Israel Katz has said Israel will continue maintaining a military presence in territories it currently controls in Gaza, Lebanon and Syria, indicating that any future regional agreement may not lead to troop withdrawals from those areas.&nbsp;In a statement posted on X on Friday, Katz said Israel's security policy would remain unchanged and that the military would continue operating in what it considers security zones across multiple fronts.&nbsp;"Israel will not withdraw from the security zones in Lebanon, Syria and Gaza," Katz said. “Our security doctrine is sharp and clear: we act against both near and distant threats and strive for decisive outcomes, not compromises or concessions.”

<blockquote class="twitter-tweet">נשיא ארה&quot;ב מוביל בימים אלה להסכם עם איראן מתוך ראיית האינטרסים האמריקאים, ובהם גם האינטרס המשותף עם ישראל - למנוע מאיראן נשק גרעיני - ואנו מצפים שיעמוד על העיקרון הזה ועקרונות נוספים בתחום הטילים ושלוחי הטרור. ביחד הנחתנו על איראן מכות קשות שהסיגו את יכולותיה שנים רבות לאחור.…&mdash; ישראל כ”ץ Israel Katz (@Israel_katz) <a href="https://x.com/Israel_katz/status/2065439514743435667?ref_src=twsrc%5Etfw">June 12, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

His remarks came as reports in Iranian media suggested that Tehran and Washington were moving closer to a broader understanding aimed at reducing tensions across the region, including in Lebanon.&nbsp;Katz said Israel had drawn lessons from the October 7 attacks and would continue to hold positions it considers vital for national security. He stated that Israeli forces would keep defending the country's borders from locations including Mount Hermon, parts of southern Lebanon, the occupied West Bank and large areas of Gaza.&nbsp;According to Katz, Israel's approach is centred on removing security threats rather than relying on diplomatic concessions. His comments indicate that future regional negotiations could face obstacles if they require Israeli forces to leave territories currently under military control.&nbsp;The Israeli defence minister also addressed ongoing negotiations between the United States and Iran, saying Israel supports efforts to stop Tehran from developing nuclear weapons but would preserve its freedom to act independently if required.&nbsp;"The United States is leading efforts toward an agreement based on American interests, including the shared interest with Israel of preventing Iran from obtaining nuclear weapons," Katz said.&nbsp;He added that Prime Minister Benjamin Netanyahu and Israel's defence leadership had directed the military to prepare for different scenarios involving Iran.&nbsp;"Israel must retain the ability to act independently to prevent Iran from acquiring nuclear weapons," he said.&nbsp;Katz further said Israel expects any future arrangement with Tehran to cover not only uranium enrichment but also Iran's missile programme and its support for regional armed groups.&nbsp;Also Read: <a href="https://www.wionews.com/world/mou-will-ensure-end-of-war-on-all-fronts-including-lebanon-iran-s-foreign-minister-abbas-araghchi-1781296154181">MoU will ensure end of war on all fronts, including Lebanon: Iran’s Foreign Minister Abbas Araghchi</a><h2>Iran says Lebanon part of proposed deal</h2>Meanwhile, Iranian Foreign Minister Seyed Abbas Araghchi said a proposed memorandum of understanding would mark the end of hostilities across several fronts, including Lebanon.&nbsp;"The MoU will announce the end of the war on all fronts, including in Lebanon. We will never leave Lebanon alone," Araghchi said.&nbsp;The Iranian foreign minister also said no final decision had been reached regarding Tehran's nuclear programme or the lifting of sanctions.&nbsp;"The issue of enrichment and stocks of enriched materials will be determined in the final agreement," Araghchi told Iranian media.

Iranian Foreign Minister Seyed Abbas Araghchi said a proposed memorandum of understanding would end conflicts across multiple fronts, including in Lebanon, adding, "The MoU will announce the end of the war on all fronts, including in Lebanon. We will never leave Lebanon alone."

As Iran and the United States near a peace deal, Israeli Defence Minister Israel Katz has said Israel will continue maintaining a military presence in territories it currently controls in Gaza, Lebanon and Syria, indicating that any future regional agreement may not lead to troop withdrawals from those areas. In a statement posted on X on Friday, Katz said Israel's security policy would remain unchanged and that the military would continue operating in what it considers security zones across multiple fronts. "Israel will not withdraw from the security zones in Lebanon, Syria and Gaza," Katz said. “Our security doctrine is sharp and clear: we act against both near and distant threats and strive for decisive outcomes, not compromises or concessions.”

Iranian Foreign Minister Seyed Abbas Araghchi said a proposed memorandum of understanding would end conflicts across multiple fronts, including in Lebanon, adding, "The MoU will announce the end of the war on all fronts, including in Lebanon. We will never leave Lebanon alone."

Israel rules out withdrawal from Lebanon, Syria and Gaza; Iran says proposed deal includes all fronts

A US federal judge on Friday rejected an attempt by the Kennedy Centre's board and the Justice Department to block an order requiring President Donald Trump's name to be removed from the renowned performing arts venue in Washington.&nbsp;District Judge Christopher Cooper ruled that the administration had failed to justify delaying the removal order, which stems from his earlier decision that the venue had been renamed unlawfully.&nbsp;The judge said the public interest "is rarely served by the 'perpetuation' of 'unlawful' governmental action."&nbsp;Last month, Cooper ruled that the John F. Kennedy Centre for the Performing Arts had been renamed without legal authority and said only Congress has the power to change the institution's name. He gave the administration 14 days to remove Trump's name from the building and related materials.<h2>Fresh appeal filed after court setback</h2>Following Friday's decision, the Kennedy Centre board and the Justice Department filed another appeal with a higher court in an effort to stop the removal of Trump's name. That appeal remains pending.&nbsp;Workers were seen installing scaffolding near the section of the building displaying Trump's name after the court ruling. However, the signage had not been removed by Friday evening.&nbsp;Earlier this week, the Kennedy Centre also removed Trump's name from its official website.&nbsp;Also Read: <a href="https://www.wionews.com/world/pakistan-raises-defence-spending-by-18-to-pkr-3-trillion-amid-economic-strain-1781304151184">Pakistan raises defence spending by 18% to PKR 3 trillion amid economic strain</a>&nbsp;The judge additionally maintained a temporary block on Trump's proposal to shut the venue for two years of renovations, a project that had been scheduled to begin in July.&nbsp;The controversy dates back to December, when the venue's governing board voted to rename the institution the "Trump Kennedy Centre." Trump's name was later added prominently to the building's facade above that of former US President John F Kennedy.&nbsp;The board had been reshaped with Trump allies after he returned to the White House and appointed himself chairman of the institution.&nbsp;Trump later reacted angrily to the court challenge and said he was relinquishing control of the venue.

Following Friday’s ruling, the Kennedy Centre board and the Justice Department appealed to a higher court to prevent the removal of Trump’s name, though it has already been taken off the centre’s website.

A US federal judge on Friday rejected an attempt by the Kennedy Centre's board and the Justice Department to block an order requiring President Donald Trump's name to be removed from the renowned performing arts venue in Washington. District Judge Christopher Cooper ruled that the administration had failed to justify delaying the removal order, which stems from his earlier decision that the venue had been renamed unlawfully. The judge said the public interest "is rarely served by the 'perpetuation' of 'unlawful' governmental action." Last month, Cooper ruled that the John F. Kennedy Centre for the Performing Arts had been renamed without legal authority and said only Congress has the power to change the institution's name. He gave the administration 14 days to remove Trump's name from the building and related materials. Fresh appeal filed after court setback Following Friday's decision, the Kennedy Centre board and the Justice Department filed another appeal with a higher court in an effort to stop the removal of Trump's name. That appeal remains pending. Workers were seen installing scaffolding near the section of the building displaying Trump's name after the court ruling. However, the signage had not been removed by Friday evening. Earlier this week, the Kennedy Centre also removed Trump's name from its official website. Also Read: Pakistan raises defence spending by 18% to PKR 3 trillion amid economic strain The judge additionally maintained a temporary block on Trump's proposal to shut the venue for two years of renovations, a project that had been scheduled to begin in July. The controversy dates back to December, when the venue's governing board voted to rename the institution the "Trump Kennedy Centre." Trump's name was later added prominently to the building's facade above that of former US President John F Kennedy. The board had been reshaped with Trump allies after he returned to the White House and appointed himself chairman of the institution. Trump later reacted angrily to the court challenge and said he was relinquishing control of the venue.

Following Friday’s ruling, the Kennedy Centre board and the Justice Department appealed to a higher court to prevent the removal of Trump’s name, though it has already been taken off the centre’s website.

Trump's name set to come off Kennedy Center after court refuses to halt order

Pakistan has announced a major increase in defence spending for the 2026 to 2027 fiscal year, allocating PKR 3,000 billion (INR 1.03 trillion) as part of a federal budget worth PKR 18,771 billion.&nbsp;Presenting the budget in the National Assembly on Friday, Finance Minister Muhammad Aurangzeb said the government had increased defence spending in view of the current regional situation.&nbsp;"The government has made a significant increase in the defence budget," Aurangzeb said.&nbsp;The new allocation represents a 17.6 per cent increase from last year's defence budget of PKR 2,550 billion. The previous budget had also recorded a substantial rise over the year before.<h2>Government targets growth and exports</h2>Aurangzeb said the budget was designed to support economic activity, expand production and strengthen exports.&nbsp;"The budget has been prepared with a clear and purposeful strategy aimed at boosting production and exports," he said.&nbsp;"For this reason, we are giving tax concessions to large industries and are providing resources to exporters through the Export Financing Scheme."&nbsp;The finance minister also said the government wanted to improve revenue collection through stronger enforcement measures instead of placing additional tax burdens on citizens.&nbsp;"Given the uncertainty in the region and to ensure the country’s defence, a significant increase has been made in the defence budget," he added.&nbsp;Also Read: <a href="https://www.wionews.com/world/simply-baseless-iran-denies-trump-s-allegation-of-attack-on-indian-ship-in-hormuz-1781299441797">'Simply baseless': Iran denies Trump's allegation of attack on Indian ship in Hormuz</a><h2>Debt burden continues to weigh on the economy</h2>Despite the higher defence allocation, the budget also highlighted Pakistan's ongoing fiscal challenges.&nbsp;Debt servicing remains the government's biggest expenditure, with more than PKR 8 trillion allocated for interest payments. According to official figures, around PKR 70 out of every PKR 100 collected by the Federal Board of Revenue is spent on servicing debt before funds can be directed towards sectors such as health and education.&nbsp;The government has set a GDP growth target of 4 per cent for the next fiscal year, while inflation is projected to average 8.2 per cent.&nbsp;Tax revenues are expected to reach PKR 15,264 billion, while non-tax revenues are estimated at PKR 5,336 billion.

One year after Operation Sindoor, Pakistan increased defence spending by 18 per cent, allocating about 16 per cent of its federal budget to the military.

Pakistan has announced a major increase in defence spending for the 2026 to 2027 fiscal year, allocating PKR 3,000 billion (INR 1.03 trillion) as part of a federal budget worth PKR 18,771 billion. Presenting the budget in the National Assembly on Friday, Finance Minister Muhammad Aurangzeb said the government had increased defence spending in view of the current regional situation. "The government has made a significant increase in the defence budget," Aurangzeb said. The new allocation represents a 17.6 per cent increase from last year's defence budget of PKR 2,550 billion. The previous budget had also recorded a substantial rise over the year before. Government targets growth and exports Aurangzeb said the budget was designed to support economic activity, expand production and strengthen exports. "The budget has been prepared with a clear and purposeful strategy aimed at boosting production and exports," he said. "For this reason, we are giving tax concessions to large industries and are providing resources to exporters through the Export Financing Scheme." The finance minister also said the government wanted to improve revenue collection through stronger enforcement measures instead of placing additional tax burdens on citizens. "Given the uncertainty in the region and to ensure the country’s defence, a significant increase has been made in the defence budget," he added. Also Read: 'Simply baseless': Iran denies Trump's allegation of attack on Indian ship in Hormuz Debt burden continues to weigh on the economy Despite the higher defence allocation, the budget also highlighted Pakistan's ongoing fiscal challenges. Debt servicing remains the government's biggest expenditure, with more than PKR 8 trillion allocated for interest payments. According to official figures, around PKR 70 out of every PKR 100 collected by the Federal Board of Revenue is spent on servicing debt before funds can be directed towards sectors such as health and education. The government has set a GDP growth target of 4 per cent for the next fiscal year, while inflation is projected to average 8.2 per cent. Tax revenues are expected to reach PKR 15,264 billion, while non-tax revenues are estimated at PKR 5,336 billion.

One year after Operation Sindoor, Pakistan increased defence spending by 18 per cent, allocating about 16 per cent of its federal budget to the military.

Pakistan raises defence spending by 18% to PKR 3 trillion amid economic strain

Iran on Saturday dismissed US President Donald Trump's allegation that Tehran had launched a drone attack on an Indian vessel near the Strait of Hormuz, calling the claim "baseless" and an attempt to divert attention from recent attacks on ships carrying Indian crew members.&nbsp;The response came after Trump accused Iran of targeting an Indian ship departing the Strait of Hormuz.&nbsp;"Their (Iran's) totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY UNACCEPTABLE," Trump wrote on Truth Social.&nbsp;Rejecting the accusation, the Iranian Embassy in India said Trump's remarks had no basis."The US president's accusation against Iran regarding an Indian vessel in the Strait of Hormuz is simply baseless," the embassy said in a social media post.&nbsp;"It is an attempt to divert public attention from the brutal fact that the US has attacked 3 Indian vessels in less than a week and killed 3 innocent Indian sailors. That's pathetic!" it added.

<blockquote class="twitter-tweet">The U.S. president&#39;s accusation against Iran regarding an Indian vessel in the Strait of Hormuz is simply baseless. It is an attempt to divert public attention from the brutal fact that the U.S. has attacked 3 Indian vessels in less than a week and killed 3 innocent Indian… <a href="https://t.co/2UiXWAMulM">https://t.co/2UiXWAMulM</a>&mdash; Iran in India (@Iran_in_India) <a href="https://x.com/Iran_in_India/status/2065509494159991234?ref_src=twsrc%5Etfw">June 12, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

The statement came amid growing tensions over a series of incidents involving vessels carrying Indian crew members in the Gulf region. Three ships with Indian crew members came under attack off the coast of Oman this week. One of the incidents resulted in the deaths of three Indian seafarers.<h2>India protests attacks on merchant vessels</h2>Trump's remarks came shortly after India summoned the US Chargé d'Affaires in New Delhi to register its protest over attacks on commercial vessels carrying Indian nationals near the Oman coast.&nbsp;New Delhi described the incidents as "deeply worrisome" and said it had strongly raised the issue with Washington.&nbsp;External Affairs Minister S Jaishankar also spoke with US Secretary of State Marco Rubio on Friday and conveyed India's strong protest over the deaths of three Indian mariners in attacks involving US naval forces in the Gulf.&nbsp;Also Read: <a href="https://www.wionews.com/world/such-lethal-actions-are-not-justified-jaishankar-lodges-strong-protest-with-rubio-over-killing-of-indian-mariners-1781294969698">'Such lethal actions are not justified': Jaishankar lodges 'strong protest' with Rubio over killing of Indian mariners</a><h2>Iran condemns attack on Indian vessels&nbsp;</h2>Earlier, Iran had condemned the strike on a commercial vessel near the Strait of Hormuz that killed three Indian nationals.&nbsp;Iranian Foreign Ministry spokesperson Esmail Baghaei described the incident as an act of "armed robbery and State piracy" and extended condolences to the families of the victims.&nbsp;"The brutal U.S. attacks on Indian commercial vessels, which have killed at least three Indian nationals, stand as clear evidence of America's ongoing policy of armed robbery and State piracy. We extend our sympathies to the families and friends of the slain Indian sailors and offer our sincere condolences to the Indian people and government," Baghaei said.&nbsp;The condemnation followed a US strike on the Palau-flagged oil tanker M/T Settebello in the Gulf of Oman near the Strait of Hormuz on June 9. The incident killed three Indian merchant mariners identified as Chief Engineer Patnala Suresh, Deck Cadet Aditya Sharma and Engine Fitter Shivanand Chaurasiya.

Trump accused Iran of carrying out a drone attack on Indian ships leaving the Strait of Hormuz and described the alleged incident as unacceptable.

Iran on Saturday dismissed US President Donald Trump's allegation that Tehran had launched a drone attack on an Indian vessel near the Strait of Hormuz, calling the claim "baseless" and an attempt to divert attention from recent attacks on ships carrying Indian crew members. The response came after Trump accused Iran of targeting an Indian ship departing the Strait of Hormuz. "Their (Iran's) totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY UNACCEPTABLE," Trump wrote on Truth Social. Rejecting the accusation, the Iranian Embassy in India said Trump's remarks had no basis. "The US president's accusation against Iran regarding an Indian vessel in the Strait of Hormuz is simply baseless," the embassy said in a social media post. "It is an attempt to divert public attention from the brutal fact that the US has attacked 3 Indian vessels in less than a week and killed 3 innocent Indian sailors. That's pathetic!" it added.

Trump accused Iran of carrying out a drone attack on Indian ships leaving the Strait of Hormuz and described the alleged incident as unacceptable.

'Simply baseless': Iran denies Trump's allegation of attack on Indian ship in Hormuz

Iranian Foreign Minister Seyed Abbas Araghchi said on Friday that the issues of the Strait of Hormuz and the lifting of the US naval blockade against Iran are included in the Memorandum of Understanding (MoU) that is likely to be signed.&nbsp;Speaking to Press TV, Araghchi said that the US pledges in the agreement not to start a war and not to use threats against Iran.&nbsp;Revealing that the text of the MoU has been changed many times, Araghchi said Washington and Tehran will respect each other’s sovereignty and not interfere in internal affairs.The MoU will announce the end of the war on all fronts, including in Lebanon. “We will never leave Lebanon alone,” the Iranian foreign minister added.&nbsp;Also Read: <a href="https://www.wionews.com/world/us-govt-funded-foreign-biolabs-many-of-them-worked-on-dangerous-pathogens-reveals-tulsi-gabbard-1781283223008">US govt funded foreign biolabs, many of them worked on dangerous pathogens, reveals Tulsi Gabbard</a><h2>Nuclear issues and sanctions to be decided in final agreement: Araghchi</h2>&nbsp;The Iranian FM said that no decision has been taken on the nuclear issue or on the lifting sanctions. “The issue of enrichment and stocks of enriched materials will be determined in the final agreement,” Araghchi told Iranian media.“The US nuclear demands were not acceptable to us at this stage at all,” he said.&nbsp;He added that Tehran’s position has always been that the only way to dilute the country’s enriched uranium was to do so in Iran. “We are trying to point out that the solution to the issue [of enriched materials] will be in this direction,” he said.&nbsp;Also Read: <a href="https://www.wionews.com/world/nothing-that-we-agreed-to-trump-slams-terms-of-peace-deal-reported-by-iranian-state-media-1781273873656">‘Nothing that we agreed to’: Trump slams terms of peace deal reported by Iranian state media</a>&nbsp;The foreign minister stressed that Iran’s Supreme National Security Council has “full control over the negotiations”.&nbsp;“There are supporters and opponents among the members of the Supreme National Security Council regarding the text, but ultimately, the decision will be made collectively. And after the decision is made, it will be announced,” he said&nbsp;Araghchi claimed that Iran is the winner of the war with the US and has emerged stronger after the conflict with the US.He added that enemies like Israel are against an agreement between Iran and the US.&nbsp;Also Read: <a href="https://www.wionews.com/world/us-will-use-iran-s-frozen-funds-to-pay-for-damages-inflicted-on-gulf-allies-scott-bessent-1781205304888">‘US will use Iran’s frozen funds to pay for damages inflicted on Gulf allies’: Scott Bessent</a><h2>‘Trump will ensure agreement prevents Iran from acquiring nuclear weapons’</h2>&nbsp;&nbsp;Meanwhile, Israel’s Minister of Defence, Israel Katz, said he believes that US President Donald Trump will ensure that an agreement with Iran prevents it from acquiring nuclear weapons, besides including the issues of missiles and terrorist proxies.&nbsp;“Together, we have inflicted severe blows on Iran that have set back its capabilities by many years,” Katz said in a post on X.&nbsp;“Israel must ensure that in the future as well, we will have the ability to act independently to prevent Iran from acquiring nuclear weapons, and Prime Minister Benjamin Netanyahu and I have instructed the IDF to prepare accordingly,” he added.

Iranian FM Abbas Araghchi said that no decision has been taken on the nuclear issue or on the lifting of sanctions. He told Iranian media that the issue of enrichment and stocks of enriched materials will be determined in the final agreement.

Iranian Foreign Minister Seyed Abbas Araghchi said on Friday that the issues of the Strait of Hormuz and the lifting of the US naval blockade against Iran are included in the Memorandum of Understanding (MoU) that is likely to be signed. Speaking to Press TV, Araghchi said that the US pledges in the agreement not to start a war and not to use threats against Iran. Revealing that the text of the MoU has been changed many times, Araghchi said Washington and Tehran will respect each other’s sovereignty and not interfere in internal affairs. The MoU will announce the end of the war on all fronts, including in Lebanon. “We will never leave Lebanon alone,” the Iranian foreign minister added. Also Read: US govt funded foreign biolabs, many of them worked on dangerous pathogens, reveals Tulsi Gabbard Nuclear issues and sanctions to be decided in final agreement: Araghchi The Iranian FM said that no decision has been taken on the nuclear issue or on the lifting sanctions. “The issue of enrichment and stocks of enriched materials will be determined in the final agreement,” Araghchi told Iranian media. “The US nuclear demands were not acceptable to us at this stage at all,” he said. He added that Tehran’s position has always been that the only way to dilute the country’s enriched uranium was to do so in Iran. “We are trying to point out that the solution to the issue [of enriched materials] will be in this direction,” he said. Also Read: ‘Nothing that we agreed to’: Trump slams terms of peace deal reported by Iranian state media The foreign minister stressed that Iran’s Supreme National Security Council has “full control over the negotiations”. “There are supporters and opponents among the members of the Supreme National Security Council regarding the text, but ultimately, the decision will be made collectively. And after the decision is made, it will be announced,” he said Araghchi claimed that Iran is the winner of the war with the US and has emerged stronger after the conflict with the US. He added that enemies like Israel are against an agreement between Iran and the US. Also Read: ‘US will use Iran’s frozen funds to pay for damages inflicted on Gulf allies’: Scott Bessent ‘Trump will ensure agreement prevents Iran from acquiring nuclear weapons’ Meanwhile, Israel’s Minister of Defence, Israel Katz, said he believes that US President Donald Trump will ensure that an agreement with Iran prevents it from acquiring nuclear weapons, besides including the issues of missiles and terrorist proxies. “Together, we have inflicted severe blows on Iran that have set back its capabilities by many years,” Katz said in a post on X. “Israel must ensure that in the future as well, we will have the ability to act independently to prevent Iran from acquiring nuclear weapons, and Prime Minister Benjamin Netanyahu and I have instructed the IDF to prepare accordingly,” he added.

Iranian FM Abbas Araghchi said that no decision has been taken on the nuclear issue or on the lifting of sanctions. He told Iranian media that the issue of enrichment and stocks of enriched materials will be determined in the final agreement.

MoU will ensure end of war on all fronts, including Lebanon: Iran’s Foreign Minister Abbas Araghchi

External Affairs Minister S Jaishankar on Friday spoke with US Secretary of State Marco Rubio and conveyed India's strong protest over the deaths of three Indian mariners in attacks involving US naval forces in the Gulf region.&nbsp;In a post on X, Jaishankar said, "Spoke to US Secretary of State Marco Rubio this evening. I reiterated India’s strong protest at the attacks by the US Navy in the Gulf that killed three Indian mariners. Such lethal actions against commercial shipping are not justified."&nbsp;The conversation came days after US military forces struck the Palau-flagged oil tanker M/T Settebello in the Gulf of Oman near the Strait of Hormuz on June 9. The incident claimed the lives of three Indian merchant mariners identified as Chief Engineer Patnala Suresh, Deck Cadet Aditya Sharma and Engine Fitter Shivanand Chaurasiya.

<blockquote class="twitter-tweet">Spoke to US Secretary of State Marco Rubio this evening. I reiterated India’s strong protest at the attacks by the US Navy in the Gulf that killed three Indian mariners. Such lethal actions against commercial shipping are not justified.&mdash; Dr. S. Jaishankar (@DrSJaishankar) <a href="https://x.com/DrSJaishankar/status/2065518118802461072?ref_src=twsrc%5Etfw">June 12, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

<h2>India summons US diplomat again</h2>India on Friday summoned US Chargé d'Affaires Jason Meeks for the second time this week after another merchant vessel carrying 20 Indian crew members came under attack off the coast of Oman.&nbsp;The American diplomat was called by the Additional Secretary (Americas) at the Ministry of External Affairs as New Delhi intensified its diplomatic response to the growing risks facing commercial shipping in the Gulf.&nbsp;"A strong protest was lodged with him regarding the continuing attacks by US naval forces on commercial vehicles carrying Indian mariners in the Gulf of Oman, which have already resulted in the tragic and avoidable loss of three Indian lives," the ministry said.&nbsp;"The Ministry once again conveyed its deep concern over the use of lethal and deadly force against civilian shipping. Such actions are unacceptable and undermine the safety, security and stability of international maritime commerce in a sensitive region at a difficult time," it added.<h2>Tensions grow over attacks on merchant vessels</h2>The latest developments mark a significant point of friction between India and the United States following a series of incidents involving merchant vessels carrying Indian seafarers in the Gulf region.&nbsp;According to official data, three foreign-flagged commercial vessels operating with Indian crew members came under attack off the coast of Oman within a four-day period.&nbsp;The situation has also raised wider concerns about maritime safety in the region. An estimated 20,000 seafarers remain aboard vessels stranded in Gulf waters as Iran continues restrictions on movement through the Strait of Hormuz.&nbsp;Data from the International Maritime Organisation shows that 11 seafarers have been killed in the Gulf since the conflict involving the United States, Israel and Iran began on February 28.

Earlier in the day, India summoned US Chargé d'Affaires Jason Meeks for the second time this week after another merchant vessel carrying 20 Indian crew members came under attack off the coast of Oman.

External Affairs Minister S Jaishankar on Friday spoke with US Secretary of State Marco Rubio and conveyed India's strong protest over the deaths of three Indian mariners in attacks involving US naval forces in the Gulf region. In a post on X, Jaishankar said, "Spoke to US Secretary of State Marco Rubio this evening. I reiterated India’s strong protest at the attacks by the US Navy in the Gulf that killed three Indian mariners. Such lethal actions against commercial shipping are not justified." The conversation came days after US military forces struck the Palau-flagged oil tanker M/T Settebello in the Gulf of Oman near the Strait of Hormuz on June 9. The incident claimed the lives of three Indian merchant mariners identified as Chief Engineer Patnala Suresh, Deck Cadet Aditya Sharma and Engine Fitter Shivanand Chaurasiya.

Earlier in the day, India summoned US Chargé d'Affaires Jason Meeks for the second time this week after another merchant vessel carrying 20 Indian crew members came under attack off the coast of Oman.

'Such lethal actions are not justified': Jaishankar lodges 'strong protest' with Rubio over killing of Indian mariners

The G7 (Group of Seven) summit is going to be held in the French town of Evian-les-Bains next week (June 15-17). The intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, plus the European Union - a non-enumerated member - will meet to coordinate global policies on macroeconomics, security, and technology.&nbsp;Unlike other formal organisations, the G7 does not have a permanent secretariat or physical headquarters and the leadership rotates annually among the member states. The political agenda of the summit is decided by the host nation.&nbsp;The G7 members that comprise of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States have a collective GDP that is the highest total among global economic groups.&nbsp;The group's focus is largely on areas related to trade, security, economics, and climate change.Established in the wake of 1973 energy crisis, G7 has become a more formal, prominent venue to address major global issues and not just financial challenges. It plays an important role in upholding freedom, democracy and human rights in the international arena.&nbsp;The member states are not the only participants in the summit but also States and International Organizations invited by the Presidency.&nbsp;To widen participation and integrate diverse perspectives into its decision-making process, the G7 has established civil society’s Engagement Groups that bring together representatives from various sectors like research, science and culture.&nbsp;The G7 has over the years continued to expand and address a wide array of global issues.<h2>The BRICS coalition and its agenda</h2>&nbsp;Another global forum that has grown in strength over the years is the BRICS that currently comprises eleven full member countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, UAE, and Indonesia.&nbsp;It represents about 55% of the global population (led by China and India), while G7 nations account for only about 10% of the world's population.&nbsp;BRICS economies are growing significantly faster, with an average growth rate projected around 3-4 percent compared to 1 to 1.7 percent of the G7 economies that are advancing at a slower rate.&nbsp;But the collective Gross Domestic Product (GDP) of G7 countries is the highest among global economic groups.&nbsp;BRICS' main agenda is to increase Global South influence in international governance and foster economic cooperation. The group dominates in population, resource production, and raw economic growth, while G7 is focused on nominal wealth, advanced technology, and post-WWII financial alignment.&nbsp;And though G7 dominates global financial markets, high-tech research and development, BRICS countries like Russia, Iran and UAE have a vast share of the world's natural resources, particularly energy.&nbsp;BRICS members are actively working to challenge Western financial hegemony by trying to develop alternative payment systems to bypass US dollar dominance.&nbsp;However, both, G7 and BRICS posses immense global influence as they represent significant portions of the world's economy and population.&nbsp;

Though G7 dominates global financial markets, high-tech research and development, BRICS countries like Russia, Iran and UAE have a vast share of worlds natural resources.

The G7 (Group of Seven) summit is going to be held in the French town of Evian-les-Bains next week (June 15-17). The intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, plus the European Union - a non-enumerated member - will meet to coordinate global policies on macroeconomics, security, and technology. Unlike other formal organisations, the G7 does not have a permanent secretariat or physical headquarters and the leadership rotates annually among the member states. The political agenda of the summit is decided by the host nation. The G7 members that comprise of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States have a collective GDP that is the highest total among global economic groups. The group's focus is largely on areas related to trade, security, economics, and climate change. Established in the wake of 1973 energy crisis, G7 has become a more formal, prominent venue to address major global issues and not just financial challenges. It plays an important role in upholding freedom, democracy and human rights in the international arena. The member states are not the only participants in the summit but also States and International Organizations invited by the Presidency. To widen participation and integrate diverse perspectives into its decision-making process, the G7 has established civil society’s Engagement Groups that bring together representatives from various sectors like research, science and culture. The G7 has over the years continued to expand and address a wide array of global issues. The BRICS coalition and its agenda Another global forum that has grown in strength over the years is the BRICS that currently comprises eleven full member countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, UAE, and Indonesia. It represents about 55% of the global population (led by China and India), while G7 nations account for only about 10% of the world's population. BRICS economies are growing significantly faster, with an average growth rate projected around 3-4 percent compared to 1 to 1.7 percent of the G7 economies that are advancing at a slower rate. But the collective Gross Domestic Product (GDP) of G7 countries is the highest among global economic groups. BRICS' main agenda is to increase Global South influence in international governance and foster economic cooperation. The group dominates in population, resource production, and raw economic growth, while G7 is focused on nominal wealth, advanced technology, and post-WWII financial alignment. And though G7 dominates global financial markets, high-tech research and development, BRICS countries like Russia, Iran and UAE have a vast share of the world's natural resources, particularly energy. BRICS members are actively working to challenge Western financial hegemony by trying to develop alternative payment systems to bypass US dollar dominance. However, both, G7 and BRICS posses immense global influence as they represent significant portions of the world's economy and population.

Though G7 dominates global financial markets, high-tech research and development, BRICS countries like Russia, Iran and UAE have a vast share of world's natural resources.

G7 Summit: Are global economic blocks G7 and BRICS rivals or necessary partners? WION Decodes

At least one person was killed, and nine others were hospitalised following a shooting in Midland, Texas, on Friday morning (June 12), while the suspected gunman was also found dead, according to local authorities. Midland Mayor Lori Blong said there were 11 known victims in the incident. City officials later confirmed that the suspect had died, although no further details were immediately provided. Blong said the suspect was located deceased through the use of a drone as law enforcement continued securing the area.According to Midland Memorial Hospital, nine victims were treated at the facility. Four patients required surgery, with three recovering afterwards and one remaining in the operating theatre. The hospital said the other five patients had already been discharged."My heart breaks for the victims and their families," Blong told CBS News. "We are praying for every person touched by today's events and for the law enforcement officers who risked their own safety to protect our community." The mayor added that she was unaware of any police officers being injured during the response.Also read: <a href="https://www.wionews.com/trending/like-a-porn-addiction-palantir-ceo-alex-karp-warns-companies-are-using-too-much-ai-without-creating-real-value-1780772912495">'Like a porn addiction': Palantir CEO Alex Karp warns companies are using too much AI without creating real value</a>Midland Police Chief Greg Snow said in a social media post that officers responded after hearing gunfire coming from a building in the south-western part of the city and quickly secured the area. Witness Lee Carlisle, who was staying at a Super 8 motel near the scene, told CBS News that he heard numerous shots before seeing a large police presence."We heard several, several gunshots, like 20 gunshots, and then it moved down, the whole situation moved further down," Carlisle said. He added that drones, Texas Rangers and numerous undercover police vehicles arrived at the scene. "Had to be, seems like, 50 police officers, like a small army."A woman identified only as Jane, who was at Midland Memorial Hospital when victims arrived, told CBS News 24/7 that she saw some casualties before being moved to a secure area as the hospital entered lockdown. "My understanding is that the whereabouts of the shooter were not entirely known at the time. And we also wanted to stay out of the way of the essential hospital staff that needed to take care of patients," she said.Also read: <a href="https://www.wionews.com/world/something-big-ahead-lebanese-army-chief-visits-pakistan-amid-reports-of-link-to-us-iran-negotiations-1780769963580">Something big ahead? Lebanese army chief visits Pakistan amid reports of link to US-Iran negotiations</a>&nbsp;

A shooting in Midland, Texas, on Friday morning (June 12) left one victim dead and nine others hospitalised. The suspected gunman was also found deceased at the scene after being located by law enforcement using a drone.

At least one person was killed, and nine others were hospitalised following a shooting in Midland, Texas, on Friday morning (June 12), while the suspected gunman was also found dead, according to local authorities. Midland Mayor Lori Blong said there were 11 known victims in the incident. City officials later confirmed that the suspect had died, although no further details were immediately provided. Blong said the suspect was located deceased through the use of a drone as law enforcement continued securing the area. According to Midland Memorial Hospital, nine victims were treated at the facility. Four patients required surgery, with three recovering afterwards and one remaining in the operating theatre. The hospital said the other five patients had already been discharged. "My heart breaks for the victims and their families," Blong told CBS News. "We are praying for every person touched by today's events and for the law enforcement officers who risked their own safety to protect our community." The mayor added that she was unaware of any police officers being injured during the response. Also read: 'Like a porn addiction': Palantir CEO Alex Karp warns companies are using too much AI without creating real value Midland Police Chief Greg Snow said in a social media post that officers responded after hearing gunfire coming from a building in the south-western part of the city and quickly secured the area. Witness Lee Carlisle, who was staying at a Super 8 motel near the scene, told CBS News that he heard numerous shots before seeing a large police presence. "We heard several, several gunshots, like 20 gunshots, and then it moved down, the whole situation moved further down," Carlisle said. He added that drones, Texas Rangers and numerous undercover police vehicles arrived at the scene. "Had to be, seems like, 50 police officers, like a small army." A woman identified only as Jane, who was at Midland Memorial Hospital when victims arrived, told CBS News 24/7 that she saw some casualties before being moved to a secure area as the hospital entered lockdown. "My understanding is that the whereabouts of the shooter were not entirely known at the time. And we also wanted to stay out of the way of the essential hospital staff that needed to take care of patients," she said. Also read: Something big ahead? Lebanese army chief visits Pakistan amid reports of link to US-Iran negotiations

A shooting in Midland, Texas, on Friday morning (June 12) left one victim dead and nine others hospitalised. The suspected gunman was also found deceased at the scene after being located by law enforcement using a drone.

Texas shooting horror: 1 dead, 9 injured in Midland as gunman dies at scene

The European Union will restart accession negotiations with Ukraine and Moldova on Monday after all member states agreed to move forward with the process, ending a long period of blockage caused by Hungary's previous government.&nbsp;European Council President Antonio Costa and European Commission President Ursula von der Leyen announced the decision in a joint statement on social media."All member states agreed to open the first accession negotiations cluster with Ukraine and Moldova," the two leaders said.&nbsp;The breakthrough follows a policy shift in Hungary after Prime Minister Peter Magyar replaced former leader Viktor Orban, whose government had blocked progress on Ukraine's bid to join the European Union.<h2>EU calls enlargement a strategic choice</h2>Welcoming the decision, Costa and von der Leyen praised the efforts made by both candidate countries despite ongoing challenges.&nbsp;"This is a recognition of the determination, courage and hard work shown by both countries in advancing reforms, even in the face of immense challenges," they said."Enlargement is a strategic choice," they added. "In a world marked by growing uncertainty, a larger European Union is in our common interest."&nbsp;Formal accession talks with Ukraine began in June 2024, but the process stalled because of opposition from Budapest. The negotiations involve a wide range of policy areas, including agriculture, governance and the rule of law, and typically take years to complete.&nbsp;Also Read: <a href="https://www.wionews.com/world/nothing-that-we-agreed-to-trump-slams-terms-of-peace-deal-reported-by-iranian-state-media-1781273873656">‘Nothing that we agreed to’: Trump slams terms of peace deal reported by Iranian state media</a>&nbsp;The first phase of discussions will start on Monday with the opening of the "fundamentals" cluster, which focuses on key democratic and legal standards expected from candidate countries.&nbsp;Magyar's government agreed to lift the veto after reaching an understanding with Kyiv over the rights of Ukraine's Hungarian ethnic minority, an issue that had long strained relations between the two neighbours.&nbsp;However, the Hungarian leader said his government does not support a fast-track route for Ukraine's membership and indicated that Hungarians would eventually vote on the issue through a referendum if Kyiv completed all accession chapters in the coming years.&nbsp;&nbsp;Meanwhile, the International Monetary Fund (IMF) said on Friday that it had reached a preliminary agreement with Ukraine that could release about $690 million in funding after reviewing the country's loan programme.&nbsp;If approved by the IMF's executive board, the latest payment would increase total disbursements under the $8.1 billion loan programme to $2.2 billion.

Ukraine formally began its EU membership talks in June 2024, but progress was later blocked by Hungary. The accession process covers key areas such as agriculture, governance and the rule of law, and usually takes several years to complete.

The European Union will restart accession negotiations with Ukraine and Moldova on Monday after all member states agreed to move forward with the process, ending a long period of blockage caused by Hungary's previous government. European Council President Antonio Costa and European Commission President Ursula von der Leyen announced the decision in a joint statement on social media. "All member states agreed to open the first accession negotiations cluster with Ukraine and Moldova," the two leaders said. The breakthrough follows a policy shift in Hungary after Prime Minister Peter Magyar replaced former leader Viktor Orban, whose government had blocked progress on Ukraine's bid to join the European Union. EU calls enlargement a strategic choice Welcoming the decision, Costa and von der Leyen praised the efforts made by both candidate countries despite ongoing challenges. "This is a recognition of the determination, courage and hard work shown by both countries in advancing reforms, even in the face of immense challenges," they said. "Enlargement is a strategic choice," they added. "In a world marked by growing uncertainty, a larger European Union is in our common interest." Formal accession talks with Ukraine began in June 2024, but the process stalled because of opposition from Budapest. The negotiations involve a wide range of policy areas, including agriculture, governance and the rule of law, and typically take years to complete. Also Read: ‘Nothing that we agreed to’: Trump slams terms of peace deal reported by Iranian state media The first phase of discussions will start on Monday with the opening of the "fundamentals" cluster, which focuses on key democratic and legal standards expected from candidate countries. Magyar's government agreed to lift the veto after reaching an understanding with Kyiv over the rights of Ukraine's Hungarian ethnic minority, an issue that had long strained relations between the two neighbours. However, the Hungarian leader said his government does not support a fast-track route for Ukraine's membership and indicated that Hungarians would eventually vote on the issue through a referendum if Kyiv completed all accession chapters in the coming years. Meanwhile, the International Monetary Fund (IMF) said on Friday that it had reached a preliminary agreement with Ukraine that could release about $690 million in funding after reviewing the country's loan programme. If approved by the IMF's executive board, the latest payment would increase total disbursements under the $8.1 billion loan programme to $2.2 billion.

Ukraine formally began its EU membership talks in June 2024, but progress was later blocked by Hungary. The accession process covers key areas such as agriculture, governance and the rule of law, and usually takes several years to complete.

European Union to resume Ukraine membership talks after Hungary lifts veto

Elon Musk became the world's first trillionaire on Friday (June 12) after shares of SpaceX surged 11 per cent in their market debut following what is being described as the largest initial public offering in history. The aerospace and technology giant's shares closed at $150 on their first day of trading on the Nasdaq exchange in New York, up from the IPO price of $135. The blockbuster offering raised more than $75 billion, valuing the company at nearly $2 trillion and placing it among the ten most valuable publicly traded companies in the United States.According to regulatory filings, SpaceX sold more than 555 million shares, with options for nearly 83 million additional shares, potentially increasing the total amount raised to over $86 billion. The offering was reported to be more than four times oversubscribed, reflecting strong demand from institutional and retail investors alike.Also read: <a href="https://www.wionews.com/trending/the-dog-who-saved-the-1966-fifa-world-cup-how-pickles-solved-football-s-greatest-mystery-1781283302241">How a collie named Pickles found the stolen 1966 FIFA World Cup trophy</a>The debut capped weeks of intense investor enthusiasm surrounding the company, which has evolved from a rocket manufacturer into a sprawling satellite and artificial intelligence conglomerate. SpaceX now incorporates Musk's AI venture xAI, which also includes social media platform X, formerly known as Twitter.Speaking at a launch event in Starbase, Texas, Musk outlined the company's long-term ambitions for space exploration. "SpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond," Musk said while addressing employees. "I'm confident at this point that with the incredible team that we have here at SpaceX, we will do that for you," he added.Celebrations also took place in New York, where the company displayed a neon sign in Times Square proclaiming: "Building the infrastructure to the future."Also read: <a href="https://www.wionews.com/world/how-pakistan-s-provinces-are-poorer-than-some-of-the-world-s-poorest-nations-1781274781756">How Pakistan's provinces are poorer than some of the world's poorest nations</a>Around 100 supporters and investors gathered outside Nasdaq's headquarters to mark the occasion. Among them was Sarin Sio of financial company Dovetail, who said Musk's ambitious vision continued to attract investors."He sets very futuristic goals that no one else is doing, and I think that has got a lot of people excited," Sio said.

SpaceX’s historic Nasdaq IPO raised $75 billion, pushing its valuation to nearly $2 trillion and making Elon Musk the world’s first trillionaire as shares surged 11 per cent to $150.

Elon Musk became the world's first trillionaire on Friday (June 12) after shares of SpaceX surged 11 per cent in their market debut following what is being described as the largest initial public offering in history. The aerospace and technology giant's shares closed at $150 on their first day of trading on the Nasdaq exchange in New York, up from the IPO price of $135. The blockbuster offering raised more than $75 billion, valuing the company at nearly $2 trillion and placing it among the ten most valuable publicly traded companies in the United States. According to regulatory filings, SpaceX sold more than 555 million shares, with options for nearly 83 million additional shares, potentially increasing the total amount raised to over $86 billion. The offering was reported to be more than four times oversubscribed, reflecting strong demand from institutional and retail investors alike. Also read: How a collie named Pickles found the stolen 1966 FIFA World Cup trophy The debut capped weeks of intense investor enthusiasm surrounding the company, which has evolved from a rocket manufacturer into a sprawling satellite and artificial intelligence conglomerate. SpaceX now incorporates Musk's AI venture xAI, which also includes social media platform X, formerly known as Twitter. Speaking at a launch event in Starbase, Texas, Musk outlined the company's long-term ambitions for space exploration. "SpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond," Musk said while addressing employees. "I'm confident at this point that with the incredible team that we have here at SpaceX, we will do that for you," he added. Celebrations also took place in New York, where the company displayed a neon sign in Times Square proclaiming: "Building the infrastructure to the future." Also read: How Pakistan's provinces are poorer than some of the world's poorest nations Around 100 supporters and investors gathered outside Nasdaq's headquarters to mark the occasion. Among them was Sarin Sio of financial company Dovetail, who said Musk's ambitious vision continued to attract investors. "He sets very futuristic goals that no one else is doing, and I think that has got a lot of people excited," Sio said.

SpaceX’s historic Nasdaq IPO raised $75 billion, pushing its valuation to nearly $2 trillion and making Elon Musk the world’s first trillionaire as shares surged 11 per cent to $150.

SpaceX IPO soars and Elon Musk becomes world's FIRST trillionaire

President Donald Trump said on Friday that he still believes a deal with Iran could be signed over the weekend or on Monday, reported NBC News, citing the president’s interaction with Axios. In a brief phone call, the US president, who had earlier condemned what he said was fake information put out by Tehran on the contents of the deal, told Axios that he had demanded clarification from Iran for state media reports that claimed the country would receive billions in frozen assets after the deal was signed, adding that officials privately “apologised for putting out false information.”&nbsp;Trump had said in a Truth Social post earlier, “The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing. What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth.”&nbsp;Also Read: <a href="https://www.wionews.com/world/us-govt-funded-foreign-biolabs-many-of-them-worked-on-dangerous-pathogens-reveals-tulsi-gabbard-1781283223008">US govt funded foreign biolabs, many of them worked on dangerous pathogens, reveals Tulsi Gabbard</a>&nbsp;<h2>‘No funds are being released for simply signing a deal,’ says Vance</h2>&nbsp;&nbsp;Meanwhile, US Vice-President JD Vance said that no funds are being released for simply signing a deal.&nbsp;Vance hit back at concerns being raised by “people who (rightly) said Donald Trump was a historic president a month ago.”&nbsp;&nbsp;

<blockquote class="twitter-tweet">I&#39;m seeing a lot of fake information about a potential deal to reopen the Strait and end Iran&#39;s nuclear weapons program. First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting. The deal is structured to…&mdash; JD Vance (@JDVance) <a href="https://x.com/JDVance/status/2065449280773541949?ref_src=twsrc%5Etfw">June 12, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

&nbsp;Also Read: <a href="https://www.wionews.com/world/nothing-that-we-agreed-to-trump-slams-terms-of-peace-deal-reported-by-iranian-state-media-1781273873656">‘Nothing that we agreed to’: Trump slams terms of peace deal reported by Iranian state media</a>&nbsp;In an X post, Vance said that “fake information” was being shared about the deal, stressing, “The Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting.”“If the Islamic Republic of Iran meets its obligations, then economic benefits will flow to them and to the entire region,” he added.&nbsp;The clarification came from Vance after some Republicans raised concerns over the deal’s contents as shared by the Iranian state media.&nbsp;Also Read: <a href="https://www.wionews.com/world/us-will-use-iran-s-frozen-funds-to-pay-for-damages-inflicted-on-gulf-allies-scott-bessent-1781205304888">‘US will use Iran’s frozen funds to pay for damages inflicted on Gulf allies’: Scott Bessent</a>&nbsp;Sen. Lindsay Graham, R-S.C., said in an X post, “I am very glad to hear from @POTUS that Iranian media reports about the so-called deal are fake because the deal as described by Iran would be awful.”

US Vice-President JD Vance said that no funds are being released for simply signing a deal. Vance alleged that fake information was being shared about the deal and said the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting.

President Donald Trump said on Friday that he still believes a deal with Iran could be signed over the weekend or on Monday, reported NBC News, citing the president’s interaction with Axios. In a brief phone call, the US president, who had earlier condemned what he said was fake information put out by Tehran on the contents of the deal, told Axios that he had demanded clarification from Iran for state media reports that claimed the country would receive billions in frozen assets after the deal was signed, adding that officials privately “apologised for putting out false information.” Trump had said in a Truth Social post earlier, “The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing. What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth.” Also Read: US govt funded foreign biolabs, many of them worked on dangerous pathogens, reveals Tulsi Gabbard ‘No funds are being released for simply signing a deal,’ says Vance Meanwhile, US Vice-President JD Vance said that no funds are being released for simply signing a deal. Vance hit back at concerns being raised by “people who (rightly) said Donald Trump was a historic president a month ago.”

US Vice-President JD Vance said that no funds are being released for simply signing a deal. Vance alleged that fake information was being shared about the deal and said the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting.

Trump says deal with Iran could be signed over weekend or on Monday

When SpaceX rang the opening bell on Nasdaq, thousands of new shareholders became part-owners of one of the most ambitious companies on the planet. But buried in the company's regulatory filings is a detail that should give every one of those investors pause: Elon Musk alone controls approximately 85 percent of SpaceX's voting power.&nbsp;How the Dual-Class Structure Works&nbsp;SpaceX's share structure splits ownership into different classes of stock, one class for the public markets, carrying ordinary voting rights, and another class held overwhelmingly by Musk and SpaceX insiders, carrying outsized voting power per share. The result is a company where outside investors can buy economic exposure to SpaceX's growth, but have almost no say in how it is run. Musk will continue to serve simultaneously as SpaceX's Chief Executive Officer, Chief Technical Officer, and Chairman of the Board and will control the election of the very directors meant to provide oversight.&nbsp;Why This Matters for Shareholders&nbsp;In a normal public company, if a CEO makes a string of bad decisions, loses investor confidence, or pursues projects that destroy shareholder value, the board, accountable to shareholders, can replace them. Under SpaceX's structure, that check effectively does not exist. Analysts reviewing the filings have described the arrangement bluntly: it will be very difficult for the board to remove Musk if necessary, meaning shareholders will be unable to remove him if he fails to deliver on promises.&nbsp;This is not a hypothetical concern. SpaceX's business plan rests partly on extremely ambitious, long-horizon goals, including Mars colonization and space-based data centers, that are notoriously difficult to value and have historically seen repeated delays. A shareholder base with no ability to course-correct leadership is betting entirely on Musk's judgment, indefinitely.&nbsp;A Pattern Investors Already Know&nbsp;This is not the first time Musk has structured a company to maximize his personal control. Tesla shareholders have spent years debating Musk's compensation packages and his attention being split across Tesla, X, xAI, Neuralink, The Boring Company, and now a publicly traded SpaceX. SpaceX's filings explicitly acknowledge the risk of related-party transactions between Musk's various companies, deals where the same person sits on both sides of the negotiating table.&nbsp;The Bottom Line&nbsp;None of this means SpaceX cannot succeed, its rocket and Starlink businesses are real, profitable, and growing. But for the millions of retail investors who placed orders hoping to own a piece of the space economy, the fine print matters. Buying SPCX stock means buying into Musk's vision with no meaningful mechanism to challenge it if that vision goes wrong. Governance experts call this a textbook example of weak corporate governance and it is now baked into one of the largest public companies in the world.

SpaceX's IPO filings show Elon Musk retains roughly 85% of voting power through dual-class shares, raising serious governance concerns for new shareholders.

When SpaceX rang the opening bell on Nasdaq, thousands of new shareholders became part-owners of one of the most ambitious companies on the planet. But buried in the company's regulatory filings is a detail that should give every one of those investors pause: Elon Musk alone controls approximately 85 percent of SpaceX's voting power. How the Dual-Class Structure Works SpaceX's share structure splits ownership into different classes of stock, one class for the public markets, carrying ordinary voting rights, and another class held overwhelmingly by Musk and SpaceX insiders, carrying outsized voting power per share. The result is a company where outside investors can buy economic exposure to SpaceX's growth, but have almost no say in how it is run. Musk will continue to serve simultaneously as SpaceX's Chief Executive Officer, Chief Technical Officer, and Chairman of the Board and will control the election of the very directors meant to provide oversight. Why This Matters for Shareholders In a normal public company, if a CEO makes a string of bad decisions, loses investor confidence, or pursues projects that destroy shareholder value, the board, accountable to shareholders, can replace them. Under SpaceX's structure, that check effectively does not exist. Analysts reviewing the filings have described the arrangement bluntly: it will be very difficult for the board to remove Musk if necessary, meaning shareholders will be unable to remove him if he fails to deliver on promises. This is not a hypothetical concern. SpaceX's business plan rests partly on extremely ambitious, long-horizon goals, including Mars colonization and space-based data centers, that are notoriously difficult to value and have historically seen repeated delays. A shareholder base with no ability to course-correct leadership is betting entirely on Musk's judgment, indefinitely. A Pattern Investors Already Know This is not the first time Musk has structured a company to maximize his personal control. Tesla shareholders have spent years debating Musk's compensation packages and his attention being split across Tesla, X, xAI, Neuralink, The Boring Company, and now a publicly traded SpaceX. SpaceX's filings explicitly acknowledge the risk of related-party transactions between Musk's various companies, deals where the same person sits on both sides of the negotiating table. The Bottom Line None of this means SpaceX cannot succeed, its rocket and Starlink businesses are real, profitable, and growing. But for the millions of retail investors who placed orders hoping to own a piece of the space economy, the fine print matters. Buying SPCX stock means buying into Musk's vision with no meaningful mechanism to challenge it if that vision goes wrong. Governance experts call this a textbook example of weak corporate governance and it is now baked into one of the largest public companies in the world.

SpaceX's IPO prospectus reveals Elon Musk will retain control of roughly 85% of shareholder votes through a dual-class structure, making it nearly impossible for the board to remove him even if he fails to deliver on his promises.

Musk controls 85% of SpaceX's votes! Why that should worry every new investor

The US government funded more than 120 biolaboratories in over 30 countries, including Ukraine, said the outgoing Director of National Intelligence Tulsi Gabbard in a bombshell revelation on Friday, further adding that many of these facilities contained and worked on pathogens that cause infectious diseases.&nbsp;Tulsi Gabbard shared a video message on X, saying, “Today, I’m releasing never before seen intelligence revealing new evidence of past US government funding for more than 120 biolabs in over 30 countries, including Ukraine.”&nbsp;Many of these US government-funded biolabs are currently or have previously engaged in research using hazardous and highly contagious pathogens, in some cases to include dangerous Gain-of-Function research—a scientific methodology that genetically alters an organism to enhance a biological function, widely used to develop vaccines but comes with biosecurity risks—with “very little visibility or oversight,” said a release issued by the office of DNI.&nbsp;&nbsp;

<blockquote class="twitter-tweet">Today, I’m releasing never before seen intelligence revealing new evidence of past US government funding for more than 120 biolabs in over 30 countries, including Ukraine. In support of President Trump‘s Executive Order to end federal funding of dangerous gain of function… <a href="https://t.co/RkPHnAbka9">pic.twitter.com/RkPHnAbka9</a>&mdash; DNI Tulsi Gabbard (@DNIGabbard) <a href="https://x.com/DNIGabbard/status/2065440568423944607?ref_src=twsrc%5Etfw">June 12, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

&nbsp;Also Read: <a href="https://www.wionews.com/world/nothing-that-we-agreed-to-trump-slams-terms-of-peace-deal-reported-by-iranian-state-media-1781273873656">‘Nothing that we agreed to’: Trump slams terms of peace deal reported by Iranian state media</a>&nbsp;“In support of President Trump’s Executive Order to end federal funding of dangerous gain of function research around the world, and increase transparency and accountability, ODNI will continue working with partners across the Administration to identify where these labs are, what pathogens they contain, and what “research” is being conducted, Gabbard added in her post.&nbsp;Such evidence regarding the funding of these laboratories has been “knowingly withheld” from the public and “intentionally covered up by powerful people falsely, claiming that they do not exist and accusing anyone who says otherwise to be foreign assets and traitors to America,” she added.&nbsp;President Donald Trump signed an executive order in May halting federal funding for “dangerous gain-of-function” research and mandated a suspension of any active National Institutes of Health-funded projects that meet the definition to prevent US tax dollars from supporting high-risk pathogen research in countries of concern or lacking adequate oversight.&nbsp;Also Read: <a href="https://www.wionews.com/world/us-will-use-iran-s-frozen-funds-to-pay-for-damages-inflicted-on-gulf-allies-scott-bessent-1781205304888">‘US will use Iran’s frozen funds to pay for damages inflicted on Gulf allies’: Scott Bessent</a>&nbsp;The new evidence includes million-dollar labs in Ukraine that may be at risk of “compromise” due to the ongoing Russia-Ukraine war.&nbsp;The intelligence community previously warned that a US-funded biolab in Ukraine likely housed pathogens that cause infectious diseases such as brucellosis and anthrax bacteria, plus remained “vulnerable” to longstanding threats of Russian attack, seizure or damage.&nbsp;Over 40 labs in Ukraine included the storage of biological weapons’ pathogens from the Soviet era, “especially dangerous pathogen certification” and a repository of disease-causing pathogens, such as tuberculosis, swine fever, Newcastle disease, SARS and Ebola, according to the DNI press release.The US also paid Ukrainian scientists to study pathogenic avian flu and other infectious viruses in biocontainment labs.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/fir-lodged-against-mamata-banerjee-over-inflammatory-speech-during-bengal-elections-1781278388410">FIR lodged against Mamata Banerjee over ‘inflammatory‘ speech during Bengal elections</a>&nbsp;Despite the obvious potential for catastrophic global impact, research on dangerous pathogens in biolabs … politicians, so-called health professionals like [former National Institute of Allergy and Infectious Diseases Director Anthony Fauci], and entities within the Biden administration’s national security team lied to the American people about the existence of US-funded and supported biolabs, and threatened those who attempted to expose the truth, Gabbard said in the statement.&nbsp;Besides government entities like the Centers for Disease Control and Prevention, the Ukrainian scientific collaborator network includes several US academic institutions, like the University of Florida, University of Alaska, University of Tennessee, University of New Mexico and Kansas State University.&nbsp;“ODNI will continue to work closely with partners across the government to identify where these labs are, what pathogens they contain to end dangerous Gain-of-Function research that threatens the health and well-being of the American people and people around the world,” Gabbard said.

Over 40 labs in Ukraine included the storage of biological weapons’ pathogens from the Soviet era, “especially dangerous pathogen certification” and a repository of disease-causing pathogens, such as tuberculosis, swine fever, Newcastle disease, SARS and Ebola, said the DNI press release.

The US government funded more than 120 biolaboratories in over 30 countries, including Ukraine, said the outgoing Director of National Intelligence Tulsi Gabbard in a bombshell revelation on Friday, further adding that many of these facilities contained and worked on pathogens that cause infectious diseases. Tulsi Gabbard shared a video message on X, saying, “Today, I’m releasing never before seen intelligence revealing new evidence of past US government funding for more than 120 biolabs in over 30 countries, including Ukraine.” Many of these US government-funded biolabs are currently or have previously engaged in research using hazardous and highly contagious pathogens, in some cases to include dangerous Gain-of-Function research—a scientific methodology that genetically alters an organism to enhance a biological function, widely used to develop vaccines but comes with biosecurity risks—with “very little visibility or oversight,” said a release issued by the office of DNI.

Over 40 labs in Ukraine included the storage of biological weapons’ pathogens from the Soviet era, “especially dangerous pathogen certification” and a repository of disease-causing pathogens, such as tuberculosis, swine fever, Newcastle disease, SARS and Ebola, said the DNI press release.

US govt funded foreign biolabs, many of them worked on dangerous pathogens, reveals Tulsi Gabbard

After the Iranian state media on Friday (June 12) reported extensively on the terms of a peace deal being hammered out, US president Donald Trump denied that those were the terms agreed to between the two countries to stop the war. “The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing,” Trump said on Truth Social.&nbsp;“What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith,” he wrote further.<h2>Araghchi says peace deal very close</h2>&nbsp;Immediately, Iran's foreign minister Abbas Araghchi took to social media and urged news outlets to "refrain from entering speculation about its content."&nbsp;However, he highlighted that a peace deal is round the corner. Taking to X Araghchi wrote, "The Islamabad Memorandum of Understanding has never been closer. Pending its finalization, the media should refrain from entering speculation about its content."&nbsp;"In line with our responsible and transparent approach, all details will be shared with the public in due course," he further said.&nbsp;Pakistani Prime Minister Shehbaz Sharif also said that "a final, agreed upon text of the peace deal has been reached" and his country is working the U.S. and Iran to "finalize next steps."&nbsp;Taking to X Sharif wrote, “Amid ongoing intense mediation efforts by Pakistan, we are fully aware of incessant misinformation campaign being waged by those who want to sabotage the peace deal. Setting aside the noise, we can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to finalize the next steps. Peace has never been this close as it is now.”<h2>What did Iranian Media say leading to Trump to dismiss it as "Fake news"</h2>&nbsp;Earlier today, Iran's Mehr news agency claimed to reveal &nbsp;details of draft memorandum with US.&nbsp;Citing a source close to Iran's negotiating team, the news agency said the "accord would allow for the "release of $24 billion of Iran's blocked funds during the 60-day final negotiation period."&nbsp;Notably, half of that sum would be "made available to Iran before the start of negotiations," said the news agency further.&nbsp;One of the terms of the draft agreement as published by Iranian state media on Friday was that Iran will receive “compensation” for damage inflicted in US and Israeli attacks during the war.&nbsp;&nbsp;

Immediately after Trumps statement,  Irans Foreign minister Abbas Araghchi took to social media and urged news outlets to refrain from entering speculation about the content of the peace deal. He however said  a deal is very close.

After the Iranian state media on Friday (June 12) reported extensively on the terms of a peace deal being hammered out, US president Donald Trump denied that those were the terms agreed to between the two countries to stop the war. “The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing,” Trump said on Truth Social. “What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith,” he wrote further. Araghchi says peace deal very close Immediately, Iran's foreign minister Abbas Araghchi took to social media and urged news outlets to "refrain from entering speculation about its content." However, he highlighted that a peace deal is round the corner. Taking to X Araghchi wrote, "The Islamabad Memorandum of Understanding has never been closer. Pending its finalization, the media should refrain from entering speculation about its content." "In line with our responsible and transparent approach, all details will be shared with the public in due course," he further said. Pakistani Prime Minister Shehbaz Sharif also said that "a final, agreed upon text of the peace deal has been reached" and his country is working the U.S. and Iran to "finalize next steps." Taking to X Sharif wrote, “Amid ongoing intense mediation efforts by Pakistan, we are fully aware of incessant misinformation campaign being waged by those who want to sabotage the peace deal. Setting aside the noise, we can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to finalize the next steps. Peace has never been this close as it is now.” What did Iranian Media say leading to Trump to dismiss it as "Fake news" Earlier today, Iran's Mehr news agency claimed to reveal details of draft memorandum with US. Citing a source close to Iran's negotiating team, the news agency said the "accord would allow for the "release of $24 billion of Iran's blocked funds during the 60-day final negotiation period." Notably, half of that sum would be "made available to Iran before the start of negotiations," said the news agency further. One of the terms of the draft agreement as published by Iranian state media on Friday was that Iran will receive “compensation” for damage inflicted in US and Israeli attacks during the war.

Immediately after Trump's statement, &nbsp;Iran's Foreign minister Abbas Araghchi took to social media and urged news outlets to refrain from entering speculation about the content of the peace deal. He however said &nbsp;a deal is very close.

Iran's Araghchi says US-Iran deal has 'never been closer' after Trump slams Iranian media

Elon Musk's SpaceX has officially gone public, and it has done so on a scale Wall Street has never witnessed before. On June 12, 2026, shares of Space Exploration Technologies Corp began trading on the Nasdaq under the ticker SPCX, priced at $135 apiece. At that price, SpaceX's market valuation sits at approximately $1.8 trillion — instantly placing it among the most valuable companies on the planet, ahead of household names like Walmart, ExxonMobil, and most global banks.&nbsp;A Record-Breaking Raise&nbsp;The IPO raised more than $30 billion by selling roughly 555.6 million shares, making it the largest public offering in financial history, easily surpassing previous record-holders such as Saudi Aramco and Alibaba. Bloomberg had reported as early as December 2025 that SpaceX was pursuing a raise far above $30 billion, and by April 2026 some reports suggested the company was seeking a valuation north of $2 trillion before settling closer to $1.8 trillion at pricing.&nbsp;Demand from institutional investors was overwhelming. Order books were oversubscribed with more than $10 billion in bids from large funds, while retail investors — a group typically given only 5 to 10 percent of shares in major IPOs — were offered an unusually large 30 percent allocation, reflecting just how badly Wall Street wanted ordinary people to have a piece of the Musk empire.&nbsp;What SpaceX Actually Sells&nbsp;Behind the ticker symbol is a company with three distinct businesses. Its core rocket launch operations, including the Falcon 9 and Starship programs, generated about $4 billion in revenue in 2025. Its satellite internet division, Starlink, brought in $11.4 billion, by far the largest contributor. And a newer AI infrastructure business, leveraging SpaceX's data centers and computing capacity, added roughly $3 billion. Combined, SpaceX's total 2025 revenue came in at $18.7 billion, a 33 percent jump from the year before.&nbsp;Why This Listing Matters&nbsp;For decades, SpaceX remained one of the most valuable private companies on Earth, raising capital exclusively from venture funds, sovereign wealth funds, and employee share sales — all while avoiding the scrutiny that comes with public markets. That era is now over. As a public company, SpaceX must file quarterly earnings, disclose financial risks, and answer to shareholders in a way it never has before.&nbsp;The listing also arrives amid what analysts are calling a 2026 IPO boom, with other major private tech companies, including OpenAI and Anthropic, reportedly eyeing similar public listings. SpaceX's debut sets the benchmark — and the bar — for how the market will price the next generation of frontier technology companies, from rockets and satellites to artificial intelligence.&nbsp;Whether SpaceX can justify its trillion-dollar price tag over the long run is a question that will now play out in full public view, every quarter, for the first time in the company's 24-year history.

SpaceX debuted on Nasdaq as SPCX at $135 a share, valuing the company at $1.8 trillion and raising over $30 billion in the largest IPO ever recorded.

Elon Musk's SpaceX has officially gone public, and it has done so on a scale Wall Street has never witnessed before. On June 12, 2026, shares of Space Exploration Technologies Corp began trading on the Nasdaq under the ticker SPCX, priced at $135 apiece. At that price, SpaceX's market valuation sits at approximately $1.8 trillion — instantly placing it among the most valuable companies on the planet, ahead of household names like Walmart, ExxonMobil, and most global banks. A Record-Breaking Raise The IPO raised more than $30 billion by selling roughly 555.6 million shares, making it the largest public offering in financial history, easily surpassing previous record-holders such as Saudi Aramco and Alibaba. Bloomberg had reported as early as December 2025 that SpaceX was pursuing a raise far above $30 billion, and by April 2026 some reports suggested the company was seeking a valuation north of $2 trillion before settling closer to $1.8 trillion at pricing. Demand from institutional investors was overwhelming. Order books were oversubscribed with more than $10 billion in bids from large funds, while retail investors — a group typically given only 5 to 10 percent of shares in major IPOs — were offered an unusually large 30 percent allocation, reflecting just how badly Wall Street wanted ordinary people to have a piece of the Musk empire. What SpaceX Actually Sells Behind the ticker symbol is a company with three distinct businesses. Its core rocket launch operations, including the Falcon 9 and Starship programs, generated about $4 billion in revenue in 2025. Its satellite internet division, Starlink, brought in $11.4 billion, by far the largest contributor. And a newer AI infrastructure business, leveraging SpaceX's data centers and computing capacity, added roughly $3 billion. Combined, SpaceX's total 2025 revenue came in at $18.7 billion, a 33 percent jump from the year before. Why This Listing Matters For decades, SpaceX remained one of the most valuable private companies on Earth, raising capital exclusively from venture funds, sovereign wealth funds, and employee share sales — all while avoiding the scrutiny that comes with public markets. That era is now over. As a public company, SpaceX must file quarterly earnings, disclose financial risks, and answer to shareholders in a way it never has before. The listing also arrives amid what analysts are calling a 2026 IPO boom, with other major private tech companies, including OpenAI and Anthropic, reportedly eyeing similar public listings. SpaceX's debut sets the benchmark — and the bar — for how the market will price the next generation of frontier technology companies, from rockets and satellites to artificial intelligence. Whether SpaceX can justify its trillion-dollar price tag over the long run is a question that will now play out in full public view, every quarter, for the first time in the company's 24-year history.

SpaceX debuted on Nasdaq under the ticker SPCX at $135 a share, valuing Elon Musk's rocket and satellite company at roughly $1.8 trillion and raising over $30 billion, the largest initial public offering in history.

SpaceX just made history! $1.8 trillion IPO is the biggest listing ever

Long before England lifted the World Cup on home soil in 1966, the tournament faced a crisis that threatened to overshadow the entire event. Four months before kickoff, the coveted Jules Rimet Trophy was stolen from a public exhibition in London, sparking a nationwide manhunt that would eventually be solved by an unlikely hero, a mixed-breed collie named Pickles.<h2>A trophy vanishes</h2>The story began on March 20, 1966, when the Football Association (FA) agreed to display the Jules Rimet Trophy at the Stanley Gibbons Stampex exhibition, “Sport with Stamps,” held at Methodist Central Hall in Westminster. Valued at £3,000 and displayed alongside rare stamps worth an estimated £3 million, the trophy was considered one of the exhibition’s main attractions. Then-FIFA President Stanley Rous approved the display under strict security conditions. The trophy was transported by a reputable company, kept inside a locked display case, guarded by security personnel, and insured for £30,000.&nbsp;Despite these precautions, a major flaw remained. Security coverage was not continuous, leaving gaps when the exhibition was closed. Taking advantage of the lapse, a thief entered through a rear door and stole the trophy in broad daylight sometime between 11 a.m. and 12:10 pm. Even more baffling was the fact that the thief ignored the far more valuable stamp collection and took only the World Cup trophy. The theft was a major embarrassment for authorities. The Metropolitan Police had no immediate leads and conflicting witness descriptions complicated the investigation.<h2>The ransom note</h2>Days later, FA chairman Joe Mears received a ransom note signed by someone calling himself “Jackson.” The note read: “Dear Joe Kno doubt you view with very much concern the loss of the World Cup ... To me it is only so much scrap gold. If I don’t hear from you by Thursday or Friday at the latest I assume it’s one for the POT.” The sender demanded £15,000 for the trophy’s return.&nbsp;Detective Inspector Len Buggy posed as Mears’s assistant and arranged a meeting with the alleged thief in Battersea Park. Carrying a briefcase filled mostly with newspapers, Buggy waited for the exchange. However, the suspect spotted police surveillance nearby and fled. He was quickly arrested and identified as Edward Betchley. Investigators soon discovered he was merely a middleman and did not possess the trophy. With no further leads, the investigation stalled.&nbsp;Also Read: <a href="https://www.wionews.com/sports/104-matches-16-cities-3-countries-the-massive-broadcast-operation-behind-fifa-world-cup-2026-1781279302683">104 matches, 16 cities, 3 countries: The massive broadcast operation behind FIFA World Cup 2026</a><h2>Enter Pickles</h2>Everything changed on the morning of March 27. David Corbett stepped outside his home with his dog Pickles. He planned to make a phone call from a nearby telephone box before taking his collie for a walk. As they passed a neighbor’s car, Pickles became interested in a suspicious package hidden in nearby bushes. Wrapped in newspaper and tied with string, the parcel seemed unusual enough to attract Corbett’s attention.&nbsp;Recalling the moment years later, Corbett told FIFA: “I picked it up and it’s quite heavy, though not very big; it wasn’t a spectacular cup.” “At the time the IRA (Irish Republican Army) were at large, so I personally thought it was a bomb. So I put it down. Picked it up, put it down again. Then curiosity took hold. I tore a bit off the bottom and there was a plain disc. Then I tore around and there was Brazil, Germany, Uruguay. I ran back in and said to my wife: ‘I think I’ve found the World Cup!’”&nbsp;Corbett immediately delivered the trophy to Cannon Row Police Station. Ironically, police initially viewed him as the prime suspect. Finding the missing World Cup trophy outside his own home seemed too incredible to be a coincidence. After extensive questioning, authorities cleared Corbett of any involvement. The investigation never conclusively determined who had originally hidden the trophy in the bushes.<h2>Overnight celebrity</h2>With the mystery solved, Pickles became an instant national celebrity. The collie appeared on television, starred in the film The Spy With a Cold Nose, received a medal from the National Canine Defence League (now Dogs Trust), and was rewarded with a year's supply of dog food. Corbett also received a £5,000 reward for recovering the trophy. The newfound fame came with memorable moments. Corbett later admitted to feeling embarrassed when Pickles relieved himself on elevator doors at the hotel hosting England’s World Cup winners' banquet—a celebration to which both owner and dog had been invited.<h2>England’s historic triumph</h2>Four months after the trophy was recovered, England completed one of the most memorable chapters in football history. The Three Lions defeated West Germany 4-2 after extra time in the 1966 World Cup Final. Geoff Hurst scored a historic hat-trick, becoming the first player ever to achieve the feat in a World Cup final.&nbsp;The record stood for 56 years until Kylian Mbappe matched it for France against Argentina in the 2022 World Cup Final.England captain Bobby Moore proudly lifted the Jules Rimet Trophy, the same trophy that had nearly vanished forever months earlier. Pickles was there to celebrate with the team, forever cementing his place in football folklore. Although the collie died just a year later, his remarkable discovery ensured that his legacy would endure as the dog who helped save the 1966 FIFA World Cup.

Discover the incredible true story of Pickles, the dog who found the stolen 1966 World Cup trophy. Learn how a bizarre theft, ransom plot, and canine hero saved football’s biggest tournament

Long before England lifted the World Cup on home soil in 1966, the tournament faced a crisis that threatened to overshadow the entire event. Four months before kickoff, the coveted Jules Rimet Trophy was stolen from a public exhibition in London, sparking a nationwide manhunt that would eventually be solved by an unlikely hero, a mixed-breed collie named Pickles. A trophy vanishes The story began on March 20, 1966, when the Football Association (FA) agreed to display the Jules Rimet Trophy at the Stanley Gibbons Stampex exhibition, “Sport with Stamps,” held at Methodist Central Hall in Westminster. Valued at £3,000 and displayed alongside rare stamps worth an estimated £3 million, the trophy was considered one of the exhibition’s main attractions. Then-FIFA President Stanley Rous approved the display under strict security conditions. The trophy was transported by a reputable company, kept inside a locked display case, guarded by security personnel, and insured for £30,000. Despite these precautions, a major flaw remained. Security coverage was not continuous, leaving gaps when the exhibition was closed. Taking advantage of the lapse, a thief entered through a rear door and stole the trophy in broad daylight sometime between 11 a.m. and 12:10 pm. Even more baffling was the fact that the thief ignored the far more valuable stamp collection and took only the World Cup trophy. The theft was a major embarrassment for authorities. The Metropolitan Police had no immediate leads and conflicting witness descriptions complicated the investigation. The ransom note Days later, FA chairman Joe Mears received a ransom note signed by someone calling himself “Jackson.” The note read: “Dear Joe Kno doubt you view with very much concern the loss of the World Cup ... To me it is only so much scrap gold. If I don’t hear from you by Thursday or Friday at the latest I assume it’s one for the POT.” The sender demanded £15,000 for the trophy’s return. Detective Inspector Len Buggy posed as Mears’s assistant and arranged a meeting with the alleged thief in Battersea Park. Carrying a briefcase filled mostly with newspapers, Buggy waited for the exchange. However, the suspect spotted police surveillance nearby and fled. He was quickly arrested and identified as Edward Betchley. Investigators soon discovered he was merely a middleman and did not possess the trophy. With no further leads, the investigation stalled. Also Read: 104 matches, 16 cities, 3 countries: The massive broadcast operation behind FIFA World Cup 2026 Enter Pickles Everything changed on the morning of March 27. David Corbett stepped outside his home with his dog Pickles. He planned to make a phone call from a nearby telephone box before taking his collie for a walk. As they passed a neighbor’s car, Pickles became interested in a suspicious package hidden in nearby bushes. Wrapped in newspaper and tied with string, the parcel seemed unusual enough to attract Corbett’s attention. Recalling the moment years later, Corbett told FIFA: “I picked it up and it’s quite heavy, though not very big; it wasn’t a spectacular cup.” “At the time the IRA (Irish Republican Army) were at large, so I personally thought it was a bomb. So I put it down. Picked it up, put it down again. Then curiosity took hold. I tore a bit off the bottom and there was a plain disc. Then I tore around and there was Brazil, Germany, Uruguay. I ran back in and said to my wife: ‘I think I’ve found the World Cup!’” Corbett immediately delivered the trophy to Cannon Row Police Station. Ironically, police initially viewed him as the prime suspect. Finding the missing World Cup trophy outside his own home seemed too incredible to be a coincidence. After extensive questioning, authorities cleared Corbett of any involvement. The investigation never conclusively determined who had originally hidden the trophy in the bushes. Overnight celebrity With the mystery solved, Pickles became an instant national celebrity. The collie appeared on television, starred in the film The Spy With a Cold Nose, received a medal from the National Canine Defence League (now Dogs Trust), and was rewarded with a year's supply of dog food. Corbett also received a £5,000 reward for recovering the trophy. The newfound fame came with memorable moments. Corbett later admitted to feeling embarrassed when Pickles relieved himself on elevator doors at the hotel hosting England’s World Cup winners' banquet—a celebration to which both owner and dog had been invited. England’s historic triumph Four months after the trophy was recovered, England completed one of the most memorable chapters in football history. The Three Lions defeated West Germany 4-2 after extra time in the 1966 World Cup Final. Geoff Hurst scored a historic hat-trick, becoming the first player ever to achieve the feat in a World Cup final. The record stood for 56 years until Kylian Mbappe matched it for France against Argentina in the 2022 World Cup Final. England captain Bobby Moore proudly lifted the Jules Rimet Trophy, the same trophy that had nearly vanished forever months earlier. Pickles was there to celebrate with the team, forever cementing his place in football folklore. Although the collie died just a year later, his remarkable discovery ensured that his legacy would endure as the dog who helped save the 1966 FIFA World Cup.

A collie named Pickles solved one of football’s greatest mysteries by finding the stolen 1966 FIFA World Cup trophy in a London hedge, saving England’s tournament from disaster

The dog who saved the 1966 FIFA World Cup: How Pickles Solved football's greatest mystery

Pakistan's poverty rose by 7 per cent over the last six years, with nearly 27 million people falling into the league. It has pushed the net tally of the poor in the country to 70 million, according to the national economic survey 2025-26. The survey released on Thursday indicated that poverty was at 21.9 per cent in 2018-19, but now it has increased to 28.9 per cent in 2024-25. Rural poverty increased from 28.2 to 36.2 per cent, while urban poverty rose to 17.4 per cent from 11 per cent. In the Punjab province, poverty surged from 16.5 to 23.3 per cent; in Sindh, it has increased from 24.5 to 32.6 per cent; Khyber Pakhtunkhwa witnessed a rise from 28.7 to 35.3 per cent; and Balochistan saw a rise from 41.8 to 47 per cent. Balochistan's poverty marks the highest rate among Pakistan's provinces, while Punjab reported the lowest among the four provinces. According to The Balochistan Post, nearly 47 per cent of Balochistan's population lives below the poverty line, significantly above Pakistan's national average of 28.9 per cent.&nbsp;Also read: <a href="https://www.wionews.com/india-news/billion-dollar-opportunity-behind-india-s-drone-revolution-a-look-at-startups-building-core-technologies-1781265084891">Billion-dollar opportunity behind India's drone revolution: A look at startups building core technologies</a><h3>Pakistan provinces vs poorest nations</h3>The survey attributed the rise in poverty to a combination of long-term economic challenges, including soaring inflation, the depreciation of the Pakistani rupee, economic reforms linked to International Monetary Fund (IMF) programmes, devastating floods and the impact of the conflict in West Asia. The findings suggest that nearly half of Balochistan's residents are unable to meet their basic needs, underscoring the growing economic disparity between the province and the rest of the country. The poverty rate of Balochistan and Punjab provinces is even higher than that of some of the poor nations that include Ghana, Burkina Faso, Mauritania and Togo. Reports indicate that Ghana's multidimensional poverty was 21.9 per cent (7.2 million people) by 2025 Q3 which fell from 24.9 per cent (8.2 million people) in 2024 Q4. The multidimensional poverty headcount ratio of Togo was also 44.63 per cent in 2021. Burkina Faso's poverty rate at $3.00 a Day (PPP) was also 42.06 per cent in 2021, according to World Bank data. Similarly, Mauritania's poverty rate at $3.00 a day stands at 10.22 per cent, and the multidimensional poverty headcount ratio is 42.74 per cent. Even its poverty rate at the National Poverty Line(s) was at 31.80 per cent in 2021.&nbsp;Surprisingly, Comoros' poverty rate at the National Poverty Line in 2021 was 42.40 per cent, which was higher than Pakistan's Punjab province but lower than Balochistan. To evaluate global poverty rates, international organisations like the World Bank and the International Monetary Fund (IMF) primarily track the Poverty Headcount Ratio, which measures the percentage of a country’s population living below the International Poverty Line (currently set at $2.15 per day for extreme poverty).&nbsp;

Pakistan's poverty rate rose from 21.9 per cent to 28.9 per cent over six years, adding 27 million people to reach a total of 70 million poor. Driven by inflation and IMF reforms, rural poverty hit 36.2 per cent, with Balochistan recording the highest provincial rate at 47 per cent.

Pakistan's poverty rose by 7 per cent over the last six years, with nearly 27 million people falling into the league. It has pushed the net tally of the poor in the country to 70 million, according to the national economic survey 2025-26. The survey released on Thursday indicated that poverty was at 21.9 per cent in 2018-19, but now it has increased to 28.9 per cent in 2024-25. Rural poverty increased from 28.2 to 36.2 per cent, while urban poverty rose to 17.4 per cent from 11 per cent. In the Punjab province, poverty surged from 16.5 to 23.3 per cent; in Sindh, it has increased from 24.5 to 32.6 per cent; Khyber Pakhtunkhwa witnessed a rise from 28.7 to 35.3 per cent; and Balochistan saw a rise from 41.8 to 47 per cent. Balochistan's poverty marks the highest rate among Pakistan's provinces, while Punjab reported the lowest among the four provinces. According to The Balochistan Post, nearly 47 per cent of Balochistan's population lives below the poverty line, significantly above Pakistan's national average of 28.9 per cent. Also read: Billion-dollar opportunity behind India's drone revolution: A look at startups building core technologies Pakistan provinces vs poorest nations The survey attributed the rise in poverty to a combination of long-term economic challenges, including soaring inflation, the depreciation of the Pakistani rupee, economic reforms linked to International Monetary Fund (IMF) programmes, devastating floods and the impact of the conflict in West Asia. The findings suggest that nearly half of Balochistan's residents are unable to meet their basic needs, underscoring the growing economic disparity between the province and the rest of the country. The poverty rate of Balochistan and Punjab provinces is even higher than that of some of the poor nations that include Ghana, Burkina Faso, Mauritania and Togo. Reports indicate that Ghana's multidimensional poverty was 21.9 per cent (7.2 million people) by 2025 Q3 which fell from 24.9 per cent (8.2 million people) in 2024 Q4. The multidimensional poverty headcount ratio of Togo was also 44.63 per cent in 2021. Burkina Faso's poverty rate at $3.00 a Day (PPP) was also 42.06 per cent in 2021, according to World Bank data. Similarly, Mauritania's poverty rate at $3.00 a day stands at 10.22 per cent, and the multidimensional poverty headcount ratio is 42.74 per cent. Even its poverty rate at the National Poverty Line(s) was at 31.80 per cent in 2021. Surprisingly, Comoros' poverty rate at the National Poverty Line in 2021 was 42.40 per cent, which was higher than Pakistan's Punjab province but lower than Balochistan. To evaluate global poverty rates, international organisations like the World Bank and the International Monetary Fund (IMF) primarily track the Poverty Headcount Ratio, which measures the percentage of a country’s population living below the International Poverty Line (currently set at $2.15 per day for extreme poverty).

Pakistan's poverty rate rose from 21.9 per cent to 28.9 per cent over six years, adding 27 million people to reach a total of 70 million poor. Driven by inflation and IMF reforms, rural poverty hit 36.2 per cent, with Balochistan recording the highest provincial rate at 47 per cent.

How Pakistan's provinces are poorer than some of the world's poorest nations

US President Donald Trump on Friday condemned Iran after Iranian state media reported extensively on the terms of a peace deal being hammered out and denied that they were what was discussed. Trump said these were not the terms agreed to between the two countries to stop the war. Trump also accused Iran of carrying out a failed drone attack against Indian ships departing the Strait of Hormuz on Thursday night but did not share any evidence to support the claim.&nbsp;“The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing,” Trump said on Truth Social.“What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith,” he wrote further.&nbsp;&nbsp;&nbsp;

Trump further warned that Iran’s leaders “better get their act together, and FAST!”, and said that Tehran’s failed drone attack on Indian ships leaving Hormuz last night is unacceptable. “AMAZING! Also, their totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY UNACCEPTABLE. They better get their act together, and FAST! Also Read: <a href="https://www.wionews.com/world/us-will-use-iran-s-frozen-funds-to-pay-for-damages-inflicted-on-gulf-allies-scott-bessent-1781205304888">‘US will use Iran’s frozen funds to pay for damages inflicted on Gulf allies’: Scott Bessent</a><h2>Deal would see Tehran ‘compensated’ for damage from US, Israeli strikes: Iran state media</h2> One of the terms of the draft agreement as published by Iranian state media on Friday was that Iran will receive “compensation” for damage inflicted in US and Israeli attacks during the war.Iran’s official IRNA news agency said Tehran had “devised a practical mechanism for pursuing compensation and has secured guarantees from third parties regarding its implementation.” Also Read: <a href="https://www.wionews.com/world/trump-nominates-former-sec-chairman-jay-clayton-to-replace-tulsi-gabbard-as-next-director-of-national-intelligence-1781201971661">Trump nominates former SEC Chairman Jay Clayton to replace Tulsi Gabbard as next director of national intelligence</a><h2>‘Tehran will negotiate to retain uranium enrichment’ </h2> Iran’s state news agency also reported that Iranian officials will negotiate with the US to retain the country’s uranium enrichment capabilities.The report by Iran’s official IRNA news agency said that a 60-day ceasefire period starting with the signing of the memorandum of understanding would be used to negotiate the future of Iran’s nuclear programme. IRNA cited unnamed Iranian officials as saying that during negotiations Tehran would maintain its current position on the country’s ‘right’ to uranium enrichment, and on keeping its enriched material in the country. A report by CBS News on Thursday, citing sources familiar with the negotiations, said that, in principle, Iran would commit to not enrich uranium for 15-20 years, during which time it would dismantle its nuclear sites.

One of the terms of the draft agreement as published by Iranian state media said that Iran will receive “compensation” for damage inflicted in US and Israeli attacks during the war. It also reported that Iranian officials will negotiate to retain the country’s uranium enrichment capabilities.

US President Donald Trump on Friday condemned Iran after Iranian state media reported extensively on the terms of a peace deal being hammered out and denied that they were what was discussed. Trump said these were not the terms agreed to between the two countries to stop the war. Trump also accused Iran of carrying out a failed drone attack against Indian ships departing the Strait of Hormuz on Thursday night but did not share any evidence to support the claim. “The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing,” Trump said on Truth Social. “What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith,” he wrote further.

One of the terms of the draft agreement as published by Iranian state media said that Iran will receive “compensation” for damage inflicted in US and Israeli attacks during the war. It also reported that Iranian officials will negotiate to retain the country’s uranium enrichment capabilities.

‘Nothing that we agreed to’: Trump slams terms of peace deal reported by Iranian state media

Pakistan’s Economic Survey for FY25-26 shows the country relies heavily on poultry due to a decline in beef and mutton consumption driven by rising prices. Amid disease outbreaks, a volatile market, and export suspensions, the costs of feed and production have increased. Despite these rising prices, low-income and middle-class households continue to rely on chicken as their primary source of protein, as red meat has become too expensive. According to a report by the news outlet Dawn, beef currently costs nearly PKR 1,500–1,800 per kg, while mutton ranges from PKR 2,700–2,900 per kg.&nbsp;<a href="https://www.wionews.com/videos/pok-protesters-defy-asim-munir-vow-will-sacrifice-thousands-won-t-surrender-1781286132654/embed">https://www.wionews.com/videos/pok-protesters-defy-asim-munir-vow-will-sacrifice-thousands-won-t-surrender-1781286132654/embed</a>&nbsp;<h2>Red meat a luxury?</h2>The poultry sector has shown a consistent annual growth rate of 8% over the past decade. While a modest increase has been observed in rural poultry, the most significant growth stems from commercial production. This structural shift in consumer behavior is further accelerated by rising urban demand for processed chicken products, alongside the rapid expansion of poultry consumption within the fast-food and restaurant industries. Although consumers hope for a drop in poultry prices, the Dawn report recalled that when the Afghan border was shut in October 2025, the price of a live bird dipped to PKR 310–360 per kg, down from PKR 460–540 in September. While beef and mutton prices remain prohibitively high, chicken serves as the most accessible alternative for the majority of the population.&nbsp;Also read: <a href="https://www.wionews.com/world/pakistan-issues-first-response-on-trump-s-offer-to-normalise-ties-with-israel-khawaja-asif-says-cannot-be-trusted-1779761404716">Pakistan issues first response to Trump’s push to normalise ties with Israel</a>&nbsp;Dawn quoted Kamal Akhtar Siddiqui, Member of the Executive Committee of the Pakistan Poultry Association (PPA), who said the demand for chicken after Eid ul Adha has dropped as people keep the sacrificial meat in freezers and shall return to the market only after consuming the entire stock.&nbsp;Also read: <a href="https://www.wionews.com/pakistan/will-be-destroyed-lashkar-e-taiba-warns-pakistan-against-recognising-israel-under-trump-s-pressure-1779941279940">Lashkar-e-Taiba warns Pakistan against recognising Israel under Trump's pressure</a>&nbsp;<h2>Key takeaways:</h2><ul><li>Red Meat Pricing Crisis: Beef (PKR 1,500–1,800/kg) and mutton (PKR 2,700–2,900/kg) have become too expensive for low-and middle-income households.</li><li>Shift to Poultry: High red meat prices have forced a major structural shift, making chicken the primary accessible protein source for the population.</li><li>Rising Input Costs: The poultry sector faces inflated feed and production costs caused by disease outbreaks, market volatility, and export suspensions.</li><li>Commercial Growth: Industry growth averages a robust 8% annually over the last decade, fuelled primarily by commercial production rather than rural farming.</li><li>Urban &amp; Commercial Drivers: Demand is heavily accelerated by the expansion of the fast-food industry, restaurants, and processed chicken products in urban areas.</li><li>Border Trade Impact: Market prices are highly volatile; the October 2025 Afghan border closure caused live bird prices to plummet from PKR 460–540 down to PKR 310–360/kg.</li><li>Post-Eid Demand Slump: Poultry demand drops sharply after Eid al-Adha as households temporarily consume stored sacrificial meat.</li></ul>

Discover how soaring prices have turned beef and mutton into luxury items in Pakistan, forcing low- and middle-income families to rely on chicken. 

Pakistan’s Economic Survey for FY25-26 shows the country relies heavily on poultry due to a decline in beef and mutton consumption driven by rising prices. Amid disease outbreaks, a volatile market, and export suspensions, the costs of feed and production have increased. Despite these rising prices, low-income and middle-class households continue to rely on chicken as their primary source of protein, as red meat has become too expensive. According to a report by the news outlet Dawn, beef currently costs nearly PKR 1,500–1,800 per kg, while mutton ranges from PKR 2,700–2,900 per kg. https://www.wionews.com/videos/pok-protesters-defy-asim-munir-vow-will-sacrifice-thousands-won-t-surrender-1781286132654/embed Red meat a luxury? The poultry sector has shown a consistent annual growth rate of 8% over the past decade. While a modest increase has been observed in rural poultry, the most significant growth stems from commercial production. This structural shift in consumer behavior is further accelerated by rising urban demand for processed chicken products, alongside the rapid expansion of poultry consumption within the fast-food and restaurant industries. Although consumers hope for a drop in poultry prices, the Dawn report recalled that when the Afghan border was shut in October 2025, the price of a live bird dipped to PKR 310–360 per kg, down from PKR 460–540 in September. While beef and mutton prices remain prohibitively high, chicken serves as the most accessible alternative for the majority of the population. Also read: Pakistan issues first response to Trump’s push to normalise ties with Israel Dawn quoted Kamal Akhtar Siddiqui, Member of the Executive Committee of the Pakistan Poultry Association (PPA), who said the demand for chicken after Eid ul Adha has dropped as people keep the sacrificial meat in freezers and shall return to the market only after consuming the entire stock. Also read: Lashkar-e-Taiba warns Pakistan against recognising Israel under Trump's pressure Key takeaways: Red Meat Pricing Crisis: Beef (PKR 1,500–1,800/kg) and mutton (PKR 2,700–2,900/kg) have become too expensive for low-and middle-income households. Shift to Poultry: High red meat prices have forced a major structural shift, making chicken the primary accessible protein source for the population. Rising Input Costs: The poultry sector faces inflated feed and production costs caused by disease outbreaks, market volatility, and export suspensions. Commercial Growth: Industry growth averages a robust 8% annually over the last decade, fuelled primarily by commercial production rather than rural farming. Urban & Commercial Drivers: Demand is heavily accelerated by the expansion of the fast-food industry, restaurants, and processed chicken products in urban areas. Border Trade Impact: Market prices are highly volatile; the October 2025 Afghan border closure caused live bird prices to plummet from PKR 460–540 down to PKR 310–360/kg. Post-Eid Demand Slump: Poultry demand drops sharply after Eid al-Adha as households temporarily consume stored sacrificial meat.

Discover how soaring prices have turned beef and mutton into luxury items in Pakistan, forcing low- and middle-income families to rely on chicken.&nbsp;

Red meat a luxury? Why Pakistan is turning to chicken

The India-French relationship hit an inflexion point in February 2026, when French President Emmanuel Macron visited India for the AI impact summit, elevating bilateral ties to a “Special Global Strategic Partnership” expanding defence, nuclear, AI, space, and Indo-Pacific cooperation. The bilateral trade between the two nations has more than doubled over the last decade to $15.81 billion. Prime Minister Narendra Modi will be on a visit to France for the G7 summit from June 13. This will be India’s 13th participation at the G7 Summit and Prime Minister Modi’s seventh consecutive participation at the G7 Summit.&nbsp;The G7 Summit under the French Presidency has chosen some key priorities for the current year. These are reducing excessive macroeconomic imbalances, and fostering shared growth, renewing international partnerships and development solidarities, strengthening the resilience of critical mineral value chains, protecting minors online, and settling major geopolitical crises.&nbsp;France is currently the third-largest trading partner of India within the European Union. Building on the 25 years of strategic cooperation, the two nations projected a vision of the Horizon 2047 initiative, which aims to strengthen India-France relations.&nbsp;<h2>Defence relationship</h2>The relationship between the two nations is profoundly anchored in defence procurement, technology transfers, and co-production. France is the second-largest arms supplier to India. India has formally inducted 36 Rafales into the IAF squadrons, while it has requested 114 more jets, 90 of which are supposed to be manufactured in India. However, the collaboration goes well beyond mere procurement. India and France continued cooperation on Scorpene submarines, including indigenisation and integration of DRDO-developed Air Independent Propulsion (AIP) systems, and discussions on joint production of engines for helicopters and fighter jets. The leaders virtually inaugurated the H-125 helicopter Final Assembly Line in Vemagal, Karnataka. This facility, a partnership between Airbus and Tata Advanced Systems, is India's first private-sector helicopter manufacturing line.Also Read: <a href="https://www.wionews.com/world/donald-trump-medical-checkup-22-doctors-white-house-record-1781265288182">Donald Trump's medical checkup involved 22 doctors, setting a White House record</a>However, the question still revolves around the transfer of technology, and the actual percentages of indigenous components remains unclear, &nbsp;meaning "Make in India" success depends on how quickly the local supply chain can scale for complex aerospace parts. The focus is shifting toward combat engine co-development for India’s future fighter programs.<h2>Nuclear programme</h2>Both sides reaffirmed civil nuclear cooperation, including the long-pending Jaitapur nuclear power plant, and signed agreements on Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs), alongside an educational partnership between India's GCNEP and France's INSTN for training nuclear professionals. India's current capacity is only around 8.2 GW; achieving a 12-fold increase in 20 years requires unprecedented capital. However, attention has shifted toward private sector participation in the nuclear field following India’s recent reforms.<h2>AI-philosophy</h2>Artificial Intelligence was one of the major focuses of the February visit of Macron. Modi and Macron launched the India-France Roadmap on AI, built on their shared vision for secure and ethical AI development. The focus is on safe open source and trustworthy AI. Indian startups were included at the French Startup Incubator Station F. Both nations had a convergent vision on AI governance, one which is democratic rather than driven by US and Chinese tech giants. However, the technology itself is nascent, so the idea of governance remains speculative.<h2>Space and global governance</h2>India is set to participate in the International Space Summit in France in July 2026, and the third India-France Strategic Space Dialogue will also be held in 2026. In 2021, ISRO and CNES signed a new space cooperation agreement in which India's space startups are benefiting from France's expertise in AI-based satellite applications.&nbsp;France is also supporting India's bid for permanent membership of the UNSC; coordination on the regulation of veto in mass atrocities. Both nations have a convergence on key issues such as support for cessation of hostilities and just peace based on UN Charter principles, respect for sovereignty and territorial integrity in the Ukraine-Russia conflict, establishment of the state of Palestine under UNSC resolution, and emphasis on dialogue and diplomacy to end the US-Iran war and maintain freedom of navigation in internation water.&nbsp;&nbsp;

Ahead of Prime Minister Narendra Modi's France visit for the G7 Summit, here's how India and France are expanding cooperation in defence, nuclear energy, artificial intelligence, space and global governance.

The India-French relationship hit an inflexion point in February 2026, when French President Emmanuel Macron visited India for the AI impact summit, elevating bilateral ties to a “Special Global Strategic Partnership” expanding defence, nuclear, AI, space, and Indo-Pacific cooperation. The bilateral trade between the two nations has more than doubled over the last decade to $15.81 billion. Prime Minister Narendra Modi will be on a visit to France for the G7 summit from June 13. This will be India’s 13th participation at the G7 Summit and Prime Minister Modi’s seventh consecutive participation at the G7 Summit. The G7 Summit under the French Presidency has chosen some key priorities for the current year. These are reducing excessive macroeconomic imbalances, and fostering shared growth, renewing international partnerships and development solidarities, strengthening the resilience of critical mineral value chains, protecting minors online, and settling major geopolitical crises. France is currently the third-largest trading partner of India within the European Union. Building on the 25 years of strategic cooperation, the two nations projected a vision of the Horizon 2047 initiative, which aims to strengthen India-France relations. Defence relationship The relationship between the two nations is profoundly anchored in defence procurement, technology transfers, and co-production. France is the second-largest arms supplier to India. India has formally inducted 36 Rafales into the IAF squadrons, while it has requested 114 more jets, 90 of which are supposed to be manufactured in India. However, the collaboration goes well beyond mere procurement. India and France continued cooperation on Scorpene submarines, including indigenisation and integration of DRDO-developed Air Independent Propulsion (AIP) systems, and discussions on joint production of engines for helicopters and fighter jets. The leaders virtually inaugurated the H-125 helicopter Final Assembly Line in Vemagal, Karnataka. This facility, a partnership between Airbus and Tata Advanced Systems, is India's first private-sector helicopter manufacturing line. Also Read: Donald Trump's medical checkup involved 22 doctors, setting a White House record However, the question still revolves around the transfer of technology, and the actual percentages of indigenous components remains unclear, meaning "Make in India" success depends on how quickly the local supply chain can scale for complex aerospace parts. The focus is shifting toward combat engine co-development for India’s future fighter programs. Nuclear programme Both sides reaffirmed civil nuclear cooperation, including the long-pending Jaitapur nuclear power plant, and signed agreements on Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs), alongside an educational partnership between India's GCNEP and France's INSTN for training nuclear professionals. India's current capacity is only around 8.2 GW; achieving a 12-fold increase in 20 years requires unprecedented capital. However, attention has shifted toward private sector participation in the nuclear field following India’s recent reforms. AI-philosophy Artificial Intelligence was one of the major focuses of the February visit of Macron. Modi and Macron launched the India-France Roadmap on AI, built on their shared vision for secure and ethical AI development. The focus is on safe open source and trustworthy AI. Indian startups were included at the French Startup Incubator Station F. Both nations had a convergent vision on AI governance, one which is democratic rather than driven by US and Chinese tech giants. However, the technology itself is nascent, so the idea of governance remains speculative. Space and global governance India is set to participate in the International Space Summit in France in July 2026, and the third India-France Strategic Space Dialogue will also be held in 2026. In 2021, ISRO and CNES signed a new space cooperation agreement in which India's space startups are benefiting from France's expertise in AI-based satellite applications. France is also supporting India's bid for permanent membership of the UNSC; coordination on the regulation of veto in mass atrocities. Both nations have a convergence on key issues such as support for cessation of hostilities and just peace based on UN Charter principles, respect for sovereignty and territorial integrity in the Ukraine-Russia conflict, establishment of the state of Palestine under UNSC resolution, and emphasis on dialogue and diplomacy to end the US-Iran war and maintain freedom of navigation in internation water.

India and France have elevated ties to a Special Global Strategic Partnership, expanding cooperation in defence, nuclear energy, artificial intelligence, space technology and Indo-Pacific security.

Ahead of G7 Summit, a look at the growing India-France strategic partnership

The Aircraft Accident Investigation Bureau (AAIB) on Friday came out with its interim report on the Air India plane crash that happened at Gujarat's Sardar Vallabhbhai Patel International Airport on June 12, 2025. The Flight AI-171 en-route London from Ahmedabad crashed into the Byramjee Jeejeebhoy Medical College hostel, within a minute of taking off.&nbsp;The AAIB interim report says that a “significant progress" has been made in the investigation but evidence and technical findings from the probe into last year’s accident are still being analysed.It further said that investigation is still ongoing and the final report will be released only after all investigation of Accidents and Incidents Rules, 2017 and ICAO Annex 13 standards are completed.&nbsp;ALSO READ: <a href="https://www.wionews.com/india-news/what-is-an-election-petition-that-the-supreme-court-has-asked-meenakshi-natarajan-to-file-1781268819009">What is an election petition that the Supreme Court has asked Meenakshi Natarajan to file?</a>&nbsp;Over the past year, investigators have examined several aspects, including aircraft systems, flight recorder data, Engine-related components, maintenance records, operational records, human factors and organisational and technical aspects.<h2>Investigation is for improving aviation safety</h2>“Every aspect of the accident will be examined with the utmost care and diligence so that the findings and safety recommendations command the confidence of all stakeholders and contribute meaningfully to the continued safety of civil aviation," read the statement released by AAIB.&nbsp;The investigating bureau urged people not to spread rumours and make speculations while the investigation is still on. It also said that the purpose of the investigation is not to affix blame but to make aviation for people even more safer.&nbsp;"AAIB reiterates that the purpose of the investigation is to improve aviation safety through lessons learned and safety recommendations, not to assign blame or liability," read the statement.&nbsp;On 12 June 2025, Air India plane 171 crashed after taking off off from the Sardar Vallabhbhai Patel International Airport. Just 32 seconds later, the plane en-route London ploughed into the Byramjee Jeejeebhoy Medical College hostel, killing all 242 but one on board and 19 people on the ground.

The investigating bureau urged people not to spread rumours and make speculations while the investigation is still on in the Air India plane crash at Ahmedabad international airport.

The Aircraft Accident Investigation Bureau (AAIB) on Friday came out with its interim report on the Air India plane crash that happened at Gujarat's Sardar Vallabhbhai Patel International Airport on June 12, 2025. The Flight AI-171 en-route London from Ahmedabad crashed into the Byramjee Jeejeebhoy Medical College hostel, within a minute of taking off. The AAIB interim report says that a “significant progress" has been made in the investigation but evidence and technical findings from the probe into last year’s accident are still being analysed. It further said that investigation is still ongoing and the final report will be released only after all investigation of Accidents and Incidents Rules, 2017 and ICAO Annex 13 standards are completed. ALSO READ: What is an election petition that the Supreme Court has asked Meenakshi Natarajan to file? Over the past year, investigators have examined several aspects, including aircraft systems, flight recorder data, Engine-related components, maintenance records, operational records, human factors and organisational and technical aspects. Investigation is for improving aviation safety “Every aspect of the accident will be examined with the utmost care and diligence so that the findings and safety recommendations command the confidence of all stakeholders and contribute meaningfully to the continued safety of civil aviation," read the statement released by AAIB. The investigating bureau urged people not to spread rumours and make speculations while the investigation is still on. It also said that the purpose of the investigation is not to affix blame but to make aviation for people even more safer. "AAIB reiterates that the purpose of the investigation is to improve aviation safety through lessons learned and safety recommendations, not to assign blame or liability," read the statement. On 12 June 2025, Air India plane 171 crashed after taking off off from the Sardar Vallabhbhai Patel International Airport. Just 32 seconds later, the plane en-route London ploughed into the Byramjee Jeejeebhoy Medical College hostel, killing all 242 but one on board and 19 people on the ground.

The investigating bureau urged people not to spread rumours and make speculations while the investigation is still on in the Air India plane crash at Ahmedabad international airport.

Air India plane crash investigation ongoing, several aspects being examined, says AAIB

US President Donald Trump is expected to summon the heads of several leading American defence contractors to the White House amid mounting concern over rapidly shrinking US missile stockpiles. The meeting, expected to involve executives from approximately seven defence companies, comes as the Pentagon grapples with munitions shortages exacerbated by the ongoing conflict with Iran and years of military assistance to Ukraine. Deputy Defence Secretary Stephen Feinberg is also expected to attend.According to people familiar with the plans cited by NBC News, Trump has become increasingly frustrated over the pace of weapons production and is expected to pressure defence industry leaders to accelerate manufacturing. One source familiar with the planned discussions said the meeting could be "ugly" because of the President's anger over dwindling inventories.Also read: <a href="https://www.wionews.com/india-news/let-individual-students-approach-delhi-hc-turns-down-plea-to-reopen-cbse-re-evaluation-portal-here-s-why-1781267085176">‘Let individual students approach’: Delhi HC turns down plea to reopen CBSE re-evaluation portal - Here’s why</a>However, a White House official told NBC News that no such meeting was on Trump's schedule "at this time", noting that it could still be postponed or cancelled. The concern centres largely on missile stockpiles that recent military operations have heavily depleted. NBC News reported that the United States has fired more than 1,000 Tomahawk cruise missiles during the war with Iran alone. Before the conflict, the US was estimated to possess roughly 3,100 Tomahawks.At the same time, defence giant Lockheed Martin has reportedly warned that it cannot provide allies with firm delivery timelines for Patriot missile interceptors, despite efforts to triple production. The Pentagon's missile reserves have been under pressure since Washington began supplying military aid to Ukraine following Russia's invasion in 2022. The situation worsened during Operation Midnight Hammer last year and intensified further during Operation Epic Fury, the joint US-Israeli military campaign against Iran that began on 28 February.To sustain operations, the Pentagon has reportedly drawn on missile inventories previously positioned in Europe and Asia.Also read: <a href="https://www.wionews.com/world/did-trump-leave-netanyahu-in-the-dark-report-claims-israeli-pm-was-blindsided-by-iran-deal-news-1781263607599">Did Trump leave Netanyahu in the dark? Report claims Israeli PM was blindsided by Iran deal news</a>Despite growing alarm over the state of US munitions reserves, NBC News reported that the Pentagon has not signed any new multiyear contracts for additional missile production since Trump returned to office. While framework agreements for future weapons procurement have reportedly been reached, officials and defence industry representatives said no new contracts have yet been issued to manufacture additional munitions.

US President Donald Trump is expected to confront top defence contractors over rapidly shrinking missile stockpiles. Depleted by conflicts with Iran and Ukraine, production delays have triggered significant presidential frustration.

US President Donald Trump is expected to summon the heads of several leading American defence contractors to the White House amid mounting concern over rapidly shrinking US missile stockpiles. The meeting, expected to involve executives from approximately seven defence companies, comes as the Pentagon grapples with munitions shortages exacerbated by the ongoing conflict with Iran and years of military assistance to Ukraine. Deputy Defence Secretary Stephen Feinberg is also expected to attend. According to people familiar with the plans cited by NBC News, Trump has become increasingly frustrated over the pace of weapons production and is expected to pressure defence industry leaders to accelerate manufacturing. One source familiar with the planned discussions said the meeting could be "ugly" because of the President's anger over dwindling inventories. Also read: ‘Let individual students approach’: Delhi HC turns down plea to reopen CBSE re-evaluation portal - Here’s why However, a White House official told NBC News that no such meeting was on Trump's schedule "at this time", noting that it could still be postponed or cancelled. The concern centres largely on missile stockpiles that recent military operations have heavily depleted. NBC News reported that the United States has fired more than 1,000 Tomahawk cruise missiles during the war with Iran alone. Before the conflict, the US was estimated to possess roughly 3,100 Tomahawks. At the same time, defence giant Lockheed Martin has reportedly warned that it cannot provide allies with firm delivery timelines for Patriot missile interceptors, despite efforts to triple production. The Pentagon's missile reserves have been under pressure since Washington began supplying military aid to Ukraine following Russia's invasion in 2022. The situation worsened during Operation Midnight Hammer last year and intensified further during Operation Epic Fury, the joint US-Israeli military campaign against Iran that began on 28 February. To sustain operations, the Pentagon has reportedly drawn on missile inventories previously positioned in Europe and Asia. Also read: Did Trump leave Netanyahu in the dark? Report claims Israeli PM was blindsided by Iran deal news Despite growing alarm over the state of US munitions reserves, NBC News reported that the Pentagon has not signed any new multiyear contracts for additional missile production since Trump returned to office. While framework agreements for future weapons procurement have reportedly been reached, officials and defence industry representatives said no new contracts have yet been issued to manufacture additional munitions.

US President Donald Trump is expected to confront top defence contractors over rapidly shrinking missile stockpiles. Depleted by conflicts with Iran and Ukraine, production delays have triggered significant presidential frustration.

US missile stocks running low? Trump set to confront defence giants over supply crisis

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US missile stocks running low? Trump set to confront defence giants