my timesThe Korea Times

World

  • World

    Yemen's Houthis attack Saudi tankers in Red Sea, threatening to widen Iran war

    CAIRO — Yemen’s Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea on Thursday, potentially widening the Iran war as international oil topped $100 a barrel. The Houthis have threatened to shut down another key trade route, with the world economy already reeling from Iran's closure of the Strait of Hormuz. Meanwhile, Iran and the U.S. have stepped up their attacks as they vie for control of the strait, through which a fifth of the world's oil and gas transited in peacetime, setting off a scramble for alternative routes. As the U.S. carried out a 12th night of strikes across Iran, President Donald Trump threatened “major military punishment” against the Houthis if their attacks on ships continue. “If they do this again, the U.S. will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves,” Trump wrote on social media. As the rhetoric escalated, so did the economic fallout. The price of Brent crude oil, the international stand

    4 MIN READBy AP
    Yemen's Houthis attack Saudi tankers in Red Sea, threatening to widen Iran war
  • World

    Spain declares emergency as fires force thousands of evacuations in France

    3 MIN READBy Reuters
    Spain declares emergency as fires force thousands of evacuations in France
  • World

    In war-torn Gaza, hopeful Palestinian amputee footballers seek to score goal on global stage

    4 MIN READBy Hankookilbo
    In war-torn Gaza, hopeful Palestinian amputee footballers seek to score goal on global stage
  • World

    ENHYPEN joins 'Twilight' cast at San Diego Comic-Con 2026 panel

    3 MIN READBy AP
    ENHYPEN joins 'Twilight' cast at San Diego Comic-Con 2026 panel
  • World

    Trump imposes double-digit tariffs on dozens of countries as 10% levies set to expire Friday

    5 MIN READBy AP
    Trump imposes double-digit tariffs on dozens of countries as 10% levies set to expire Friday
Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Read more

World

G7 countries to produce long-range missiles 'under licence' in Ukraine

EVIAN, France — European G7 nations and the United States are to grant licences for Ukraine-based companies to produce long-range missiles and air defence systems, a diplomatic source said Wednesday, with German Chancellor Friedrich Merz confirming the move. The announcement comes during a three-day G7 meeting in the French town of Evian of the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States, who pledged to intensify pressure on Russia to end more than four years of war against Ukraine. "We are going to produce under licence not only air defence systems, but also deep-strike capabilities," said the diplomatic source. Merz confirmed the decision, telling reporters: "We are all currently producing too little, and this can be offset by granting licences to companies that have these production capabilities, including European and Ukrainian firms." U.S. companies will, in particular, be able to grant licences for this purpose to European manufacturers, Merz said, adding he was "grateful" to U.S. President Donald Trump "for this great willingness to cooperate.

Jun 17, 2026By AFP
G7 countries to produce long-range missiles 'under licence' in Ukraine
World

Iran will reopen Strait of Hormuz and can sell oil freely under deal with US, officials say

DUBAI — Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions, according to leaked copies of an interim agreement that officials say broadly matches the document. The accord, due to be signed in Switzerland on Friday, also envisions Iran receiving at least $300 billion to rebuild after the war and says the U.S. would work to end all American and United Nations sanctions imposed on Tehran — if a final agreement addressing Iran’s nuclear program is reached. The U.S. and Israel went to war on Feb. 28 in part to prevent Iran from ever getting a nuclear weapon — although U.S. President Donald Trump's goals in the conflict have repeatedly shifted. The interim deal stops the war before that aim is secured — instead opening a two-month period for nuclear negotiations — and appears to offer Iran several benefits up front while extracting little in return. The U.S. agreement to immediately allow Iran to sell its oil freely and the offer to eventually lift all

Jun 17, 2026By AP
Iran will reopen Strait of Hormuz and can sell oil freely under deal with US, officials say
World

Trump vows to play role in advancing Korean Peninsula issues: Seoul official

EVIAN-LES-BAINS, France — U.S. President Donald Trump expressed his commitment to playing a role in advancing Korean Peninsula issues while speaking with South Korean President Lee Jae Myung at the Group of Seven (G7) summit, a senior presidential official said Wednesday. Trump made such a pledge while exchanging remarks with Lee, who sat next to him during an official G7 dinner the previous day, according to Oh Hyun-joo, third deputy national security adviser. "President Trump expressed a strong will to play a necessary role in advancing Korean Peninsula issues" after Lee said he expected Trump's attention and engagement in building peace on the peninsula, Oh told a press briefing here. Trump said he would seek ways to contribute to peace on the Korean Peninsula, pledging to cooperate closely with Lee on that matter, the official added. During the conversation, the two leaders also discussed ways to enhance "mutually beneficial cooperation," including in the shipbuilding sector, while sharing the importance of trilateral cooperation with Japan based on a solid South Korea-U.S. allianc

Jun 17, 2026By Yonhap
Trump vows to play role in advancing Korean Peninsula issues: Seoul official
World

Zelenskyy says G7 leaders pledge more vital help for Ukraine against Russia

Ukraine has won key pledges of further support for its fight against Russia from world leaders attending the Group of Seven summit in France, Ukrainian President Volodymyr Zelenskyy said Wednesday. The leaders of the world’s leading industrial economies promised to strengthen Ukraine’s air defenses and ensure its energy supply, as well as step up international economic pressure on Moscow, as Kyiv’s fight against Russia’s all-out invasion stretches into its fifth year with no end in sight. “The G7 Summit in France delivered important results for Ukraine. Most importantly, we agreed on additional strengthening of Ukraine’s air defense,” Zelenskyy, who attended the gathering, said on X. “Our partners will ensure support for our defense and energy resilience,” he said, adding they will also introduce new sanctions on Russia. The Ukrainian leader has spent a lot of time since Russia’s full-scale invasion in February 2022 trying to secure international support for his country and diplomatically isolate Russian President Vladimir Putin. Zelenskyy was expected to attend a Euro

Jun 17, 2026By AP
Zelenskyy says G7 leaders pledge more vital help for Ukraine against Russia
World

Dollar on edge ahead of Warsh's first meeting as Fed chair

The dollar inched higher against most major peers on Wednesday ahead of the Federal Reserve's first policy decision under chair Kevin Warsh, which could see some volatility as investors adjust to a new style of policy making and communication. The euro was down 0.16 percent on the day at $1.1591, while the pound shed 0.15 percent to $1.34, as the dollar took a small safe haven boost from remarks by U.S. President Donald Trump that the memorandum of understanding on Iran was not final, and that he could resume a bombing campaign if he did not like it. But the big event of the day, the Fed meeting, is still to come, and left investors hesitant to take on large positions. The Fed is widely expected to stand pat at Warsh's debut meeting. The statement, economic projections and news conference, however, will be scrutinised for any signals of the Fed dropping its easing bias as officials grow more hawkish on inflation risks. "There have been many central banks meeting this month, but this is the one that's overshadowing everything," said Jane Foley, head of FX strategy at Rabobank.

Jun 17, 2026By Reuters
Dollar on edge ahead of Warsh's first meeting as Fed chair
World

IEA sees significant 2027 oil surplus after Hormuz recovery

LONDON — The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency said in its monthly oil market report on Wednesday. The U.S. has announced an interim agreement to end its war with Iran, which includes Iran reopening the strait and the U.S. lifting its naval blockade of Iran, potentially bringing an end to the largest oil supply disruption in history. The war is estimated to have blocked more than 14 million barrels per day (bpd) of Middle East oil output according to the IEA. The oil market will then fall into a significant supply surplus next year, the IEA said in its first look at 2027, as supply is set to surge by 8 million bpd while demand rises by 2 million bpd. A large supply surplus in 2027 could "provide a welcome respite to the market and an opportunity to replenish depleted inventories, or to build new strategic reserves, as countries review their energy strategies and policies in response to the crisis," the IEA said. Flows through the strait were already rising by early Jun

Jun 17, 2026By Reuters
IEA sees significant 2027 oil surplus after Hormuz recovery
World

Trump threatens to resume bombing campaign if Iran does not 'behave'

U.S President Donald Trump said on Wednesday that an interim accord with Iran was not final, and that he could resume a bombing campaign if he did not like it or if Tehran did not "behave." "It's a memorandum of understanding. And if I don't like it, we'll go back to shooting at them, dropping bombs on their head. If I don't like it, if they don't behave, we'll go right back to dropping bombs right smack in the middle of their head, OK?" Trump said on the sidelines of a G7 summit in France. Trump said the Iran memorandum of understanding did not include immediate sanctions relief for Iran. Trump heaped praise on the framework agreement that his administration had negotiated, saying: "That's a very strong deal. Nobody knows what it is, but it's very strong, and most people seem to be very happy." He said the agreement would be a boon for markets. "There's nothing so smart as the market, and the market loves it beyond anything that I've actually seen," he said. "The alternative would be a worldwide depression."

Jun 17, 2026By Reuters
Trump threatens to resume bombing campaign if Iran does not 'behave'
World

Has Trump achieved his goals in war with Iran?

WASHINGTON — Shortly after the U.S. and Israel launched airstrikes on Iran on Feb. 28, U.S. President Donald Trump laid out a host of objectives, from destroying Iran's ballistic missile capabilities to ensuring Tehran can never have a nuclear weapon. More than three months later, with a preliminary peace deal in place, what has Trump achieved? Missiles, drones Before the war, Iran held the largest ballistic stockpile in the Middle East, with between 2,500 and 6,000 missiles of different types. Some were capable of reaching Israel, with ranges of up to 2,000 kilometers (1,240 miles), and some carried cluster munition warheads that are harder to defend against. Iran is also a major manufacturer of long-range drones - in particular, the one-way Shahed drone that has been used by Russia against Ukraine, as well as by Tehran. Roughly one month into the war, U.S. sources told Reuters that one-third of that arsenal was destroyed, with another third likely damaged, destroyed or buried. U.S. Admiral Brad Cooper told Congress on May 14 that Iran's ability to build and stockpile missiles and long-

Jun 17, 2026By Reuters
Has Trump achieved his goals in war with Iran?
World

Tehran can immediately sell oil upon signing US-Iran deal, US official says

WASHINGTON — The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the war, a senior U.S. official said on Tuesday. The provision for waiving sanctions on Iranian oil sales takes effect once the agreement is signed this week and also covers services including banking, transportation and insurance to facilitate the sales, the source said. The U.S. official said the agreement has conditions. “This is a performance-based agreement," the person said on condition of anonymity. "Iran can only access any benefits of the MOU if they abide by all of the points they agreed to – including no nuclear weapon, neutralizing its enriched material, and not interfering with the free flow of navigation in the Strait of Hormuz.” The administration of President Donald Trump re-imposed sanctions on the OPEC member in 2018 over Tehran's nuclear program and support of militant groups across the Middle East. Iran has always said its nuclear program is for civilian purposes. Brett Erickson, a sanctions expert and managing princ

Jun 17, 2026By Reuters
Tehran can immediately sell oil upon signing US-Iran deal, US official says
World

Interim US-Iran deal leaves thorniest issue still to be negotiated: Tehran's nuclear program

WASHINGTON — The interim deal between the U.S. and Iran is supposed to usher in a two-month period that would address the most divisive issue between the longtime adversaries — Tehran's nuclear program. Preventing Iran from attaining a nuclear bomb is a key reason that President Donald Trump said he launched the war alongside Israel in February, but the tentative agreement he has trumpeted leaves little runway to negotiate the long-running sticking point. The previous nuclear pact between Iran and world powers, which Trump pulled the U.S. from in his first term, took many months to negotiate. Few details have been publicly released about the initial deal , set to be officially signed Friday in Switzerland, but it generally calls for reopening the Strait of Hormuz to global oil shipments, financial incentives for Iran if it meets certain benchmarks, and a 60-day period for talks on ending the country's nuclear program. There is deep skepticism among both Republican and Democratic lawmakers, pro-Israel advocates and Israel itself that the deal is realistic, workable or would have any

Jun 17, 2026By AP
Interim US-Iran deal leaves thorniest issue still to be negotiated: Tehran's nuclear program
previous page
2930313233
next page

Most Read in World