Sunday, June 14, 2026
A Dangerous Limbo Leaves Iran, and the World, Between Peace and War (NYT) In just the past five days, the United States and Iran traded missile strikes after the downing of an American helicopter; Israel bombarded Lebanon, drawing retaliation from Iran; and the Iran-backed Houthis joined the reprisal from Yemen. Then in a matter of hours on Thursday, President Trump called off another major attack on Iran and again held out the prospect of a peace accord, which Iran downplayed. In the two months since the U.S. and Iran nominally declared a cease-fire, the line between peace and war has been all but erased across the Middle East, with attacks and counterattacks alongside promises to end the hostilities that never quite materialize. It is less a cease-fire than a âlesser fire,â in the words of the United Nations secretary general, AntĂłnio Guterres. Even if the combatants manage to get a framework for a deal this time, this gray zone of âneither war nor peaceâ may persist for weeks or months, analysts and diplomats say. Such a stalemate would consign the Middle East to a purgatory of sporadic violence and constant anxiety. And it would force the rest of the world to confront a stark new economic reality. Long-term disruption of oil and gas shipments would ripple into global supply chains, causing food shortages and driving up prices at the fuel pump and in grocery stores.
Elon Musk Becomes Worldâs First Trillionaire on SpaceXâs First Day of Trading (NYT) SpaceX, Elon Muskâs rocket and artificial intelligence company, capped the biggest-ever initial public offering by rising 20 percent in its trading debut on Friday, turning the worldâs richest man into the first trillionaire and setting the stage for fast-growing A.I. companies to reach the stock market in a once-in-a-lifetime bonanza. The pop in SpaceXâs share price also catapulted Mr. Musk, 54, to trillionaire status. The entrepreneur, who not only leads SpaceX but also runs the electric carmaker Tesla and other businesses, has long been the planetâs wealthiest person. But passing the trillionaire milestone is significant, further augmenting Mr. Muskâs fortune and influence. In recent weeks, SpaceX, which has contracts with NASA and other federal agencies, has also faced questions about its business, including its spending and how it can justify its valuation. In its I.P.O. prospectus, the company reported that it had lost more than $4.9 billion last year.
Tornadoes in Illinois and Indiana leave residents grappling with damage (AP) Residents in tornado-ravaged areas in Illinois and Indiana were grappling with the damage to their homes and neighborhoods on Friday, after the strong line of storms barreled through communities south of Chicago and left trails of destruction. Thursdayâs storms ripped roofs off of buildings, flattened homes, brought down scores of trees and power lines and caused hundreds of thousands of power outages and major air traffic disruptions. Officials said there were no reports of deaths or life-threatening injuries, though there were several people treated for minor injuries.
Once beset by power outages, Puerto Ricans also hit with severe water shortages (AP) Thousands of Puerto Ricans are struggling with water shortages so severe that the governor of the U.S. territory has activated the National Guard and emergency responders are fielding calls every day. Officials have not publicly pinpointed the cause, with shortages largely affecting some areas in the islandâs most populated cities, including the capital San Juan. Residents are being forced to buy potable water, spend money at laundromats and haul heavy buckets up several flights of stairs to wash dishes, flush toilets and take showers. The elderly and disabled struggle the most, with community leaders noting that some have been hospitalized as water shortages persist.
Pope Leo had to catch a ride from the king of Spain after planeâs engine failed (Washington Post) For Pope Leo XIV, it pays to have friends in high placesâeven earthly ones. Shortly after Leo closed his seven-day trip to Spain on Friday with an outdoor Mass in the Canary Islands, off the northwest coast of Africa, he arrived on board his chartered Iberia flight back to Rome. A few moments later, a dejected captain announced a system failure on board, and in no time, Spainâs King Filipe VI, who has been shadowing the first U.S.-born pontiff, boarded the plane and personally whisked Leo off as journalists in the back gaped. Soon, the Vatican put out a statement saying the king had offered Leo the services of his private Falcon jet for a flight to Romeâwhich Leo accepted.
Donald Trumpâs son-in-law accidentally sparked an Albanian uprising (Politico) When Donald Trumpâs son-in-law Jared Kushner decided to invest in a luxury holiday development on Albaniaâs idyllic southern coast, he probably didnât count on provoking a national uprising. But Albanians, it turns out, werenât crazy about wealthy foreign investors concreting over their natural treasures to build hotels for wealthy foreign holidaymakers. The proposed 10,000-bed resort near a protected wildlife area thatâs home to flamingos, turtles and one of Europeâs most pristine river deltas ignited perhaps the biggest popular demonstrations since the small Balkan country abandoned communism more than three decades ago. Within two weeks the âflamingo revolution,â as itâs become known, has grown from a narrow environmental protest into a nationwide campaign directed at Albaniaâs entire ruling class. Years of perceived government corruption, unchecked tourism, frustration over Albaniaâs economic development (itâs one of Europeâs poorest countries) and a general perception that the nation is being run for the wealthy few rather than the general population, have tipped many Albanians over the edge. Demonstrators are now calling for the resignation and even imprisonment of Prime Minister Edi Rama.
EU agrees to launch membership talks with Ukraine next week even as war with Russia drags on (AP) European Union nations agreed on Friday to open membership talks with Ukraine next week, officially launching the process for the war-torn country to eventually join the worldâs biggest trading bloc. At a meeting in Brussels, ambassadors from the 27 EU nations decided to officially open negotiations with Ukraine as well as with Moldova, which Russia has also tried to drag back into its orbit, on Monday in Luxembourg. Ukraine sees EU membership as an important âsecurity guaranteeâ for a stable future once war with Russia ends.
What Happens to an Economy When Itâs Too Hot to Work? (Bloomberg) In the scorching heat of Kanpur, the center of Indiaâs leather industry, workers move slowly and deliberately as temperatures hit 46C (115F). AKI Chief Executive Officer Asad K. Iraqi has his 100 workers drink oral rehydration salts solution twice a day, and he recently invested in additional cooling systems. But itâs not enough. Some workers are falling sick, while others are returning to their villages. âMy productivity is down 40%,â Iraqi says, his brow glistening with sweat. âWorkers canât survive in this heat without proper hydration and cooling.â Itâs a scene playing out across India as summers become increasingly unlivable. âThe impact of heat is like death by a thousand cuts,â says Aditya Valiathan Pillai, a visiting fellow at the Sustainable Futures Collaborative think tank in New Delhi who researches climate adaptation, citing the hit to productivity. India is emerging as one of the clearest examples of how extreme heat can become a structural economic constraint, particularly for developing economies dependent on physical labor. Lost labor from rising heat and humidity could jeopardize 2.5% to 4.5% of Indiaâs gross domestic product by 2030.
China and Myanmar detain U.S. citizens in separate incidents, sparking alarm (Washington Post) China on Friday said it had arrested a U.S. citizen who researched Myanmar politics and accused him of espionage. In a separate incident, on Thursday, authorities in Myanmar detained an American businessman who ran a security consultancy there, according to people who were briefed on the incident. Min Zin, who was arrested in China, and Adam Castillo, who was detained in Myanmar, are well known among diplomats, journalists and analysts interested in Myanmarâs political situation. Both also have been vocal commentators on Chinaâs growing influence on Myanmarâs civil war, and they traveled periodically to Washington to share their views with policymakers and legislators. News of the detentions has spread panic among the community of people focused on Myanmar. Saw Zin Maung Soe, founder of the nonprofit CAN-Myanmar, said, âWhile we already know [the Chinese] donât tolerate issues regarding Tibet, Uyghurs or Tiananmen Square, we now have to question whether âMyanmarâ has also become part of that list.â
Syria is an unexpected beneficiary of the Gulf war (Economist) These days the 860km-long road from Ramadi in Iraq to western Syria is lined with lorries heaving with oil. They rumble past ancient ruins and deserted villages before emptying their tanks at the Baniyas terminal on Syriaâs Mediterranean coast. They then return to Iraq to fill up and make the journey again. The closure of the Strait of Hormuz means the oil giants of the Middle East are scrambling for new routes to get their product to global markets. Iraq, which is the worldâs sixth-largest producer, has been searching for a way to shift its 4m barrels of oil a day. The current answer is Syria. Iraqâs state firm in charge of oil exports, SOMO, has given three firms the job of trucking 650,000 tonnes of oil per month out of the country. The Syrian route is shorter than those through Jordan or Turkey, and takes the oil straight to the Mediterranean. Syria provides police escorts for the thousand-odd lorries a day, receives a transit fee, and the remainder goes to the Syrian Petroleum Company, a new state-backed firm, whose subsidiaries manage the storage and pumping of oil onto tankers at Baniyas. With Hormuz blocked, Syria could become a key transit hub, making it a rare beneficiary of the Iran war.
Palestinian anger at rise in Israeli demolitions (BBC) Some 59 properties have now been destroyed in the al-Bustan area of the Silwan neighbourhood since late 2023. There has been a dramatic rise in the number of Palestinians being pushed from their homes in the Israeli-occupied east of the city. There is the loud din of a demolition below Jerusalemâs walled Old City, and from a hillside I watch a large Israeli excavator tearing into a Palestinian house. âThere is no future. They destroyed the future and everything else,â says Fayez Awad, 58, who is sitting in the only remaining floor of his property when I reach him. âWe spent our whole lives building this house. This is all we managed to achieve in life.â For some 20 years, Israelâs Jerusalem Municipality has pursued plans to turn al-Bustan into a biblically-themed park, the Kingâs Garden, to be run by a Jewish settler organisation. Recently, demolition orders enforced by Israeli courts have accelerated along the narrow streets here. Half of the homes here have now been demolished. Many residents facing demolition orders are opting to take sledgehammers to their own properties to avoid hefty costs and fines imposed by the municipality which typically total tens of thousands of dollars.















