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Time:2026-06-12T00:47:59Z

Trump calls off military strikes on Iran, claiming a peace deal is near after talks progress. China urges restraint amid the volatile US-Iran situation. SpaceX launches the world's largest IPO, sparking valuation debates. Ukraine's drone campaign intensifies pressure on Russian logistics, drawing Moscow's ire toward Canada.

Trump calls off Iran strikes, hints at imminent peace deal

Trump calls off Iran strikes, hints at imminent peace dealTrump abruptly canceled planned military strikes on Iran, citing a breakthrough in negotiations to end the war. Multiple outlets report that the president claims a peace agreement is close, with a deal announcement expected 'soon.' The reversal comes after weeks of escalating threats between Washington and Tehran.

Sources:
Trump calls off latest threats to strike Iran, cites breakthrough in talks to end the war (AP News)
Trump says deal to end Iran war is close after calling off strikes (BBC)
Trump now says a peace deal will be announced 'soon,' cancels further strikes (NPR)
Trump claims US and Iran on verge of signing peace agreement (The Guardian)
Trump calls off latest threat to strike Iran, hints again that a 'settlement' is close (CBC)

Washington's shifting stance on Iran draws scrutiny

Washington's shifting stance on Iran draws scrutinyAnalysts question whether Trump's rapid reversals on Iran reflect a deliberate strategy or chaotic policymaking. Hours before calling off strikes, Trump had vowed to hit Iran 'very hard' and seize its oil sectors. China publicly called for calm and restraint, signaling concern over the volatility.

Sources:
Flip-flop or deliberate? Unpacking Trump’s strategy on Iran (BBC)
Trump vows to hit Iran 'very hard tonight' and later take over its oil and gas sectors (NPR)
In latest about-face, Trump calls off ‘very hard’ attack on Iran (SCMP)
China calls for calmness, restraint over Iran situation (China Daily)

SpaceX launches record-breaking $1.77 trillion IPO

SpaceX has completed the world's largest initial public offering, cementing Elon Musk's financial and political influence. The $1.77 trillion valuation has divided Wall Street, with some analysts dismissing it as inflated. Early shareholders who held SpaceX shares for over a decade now face a massive liquidity event.

Sources:
SpaceX Sets Milestone With World’s Largest I.P.O., Furthering Musk’s Power (NYT)
Is SpaceX Worth $1.77 Trillion? It’s a Pie in the Sky, Some Investors Say. (NYT)
He Spent 15 Years Amassing SpaceX Shares. Now Comes the Windfall.5 min read (NYT)

US launches new airstrikes against Iran after helicopter downing

US launches new airstrikes against Iran after helicopter downingThe US initiated a new wave of airstrikes on Iran after Trump blamed Tehran for downing an Army helicopter. Iran retaliated against Gulf states and Jordan. The strikes mark a significant escalation in a conflict that has seesawed between diplomacy and military action.

Sources:
US and Iran launch airstrikes after Trump blames Tehran for downing Army helicopter (AP News)
US launches new strikes on Iran, which fires back at Gulf states and Jordan (AP News)
U.S. launches second day of Iran strikes. And, World Cup facts to know before kickoff (NPR)

Ukraine drone campaign cripples Russian supply lines

Ukraine drone campaign cripples Russian supply linesUkrainian drone operations are increasingly disrupting Russian logistics along what The Guardian describes as a 'highway of death.' A Canadian drone manufacturer involved in the Ukraine deal has drawn threats from Moscow, which branded Canada a 'warmonger.' The campaign highlights a shifting battlefield dynamic in favor of drone warfare.

Sources:
‘Highway of death’: the Ukrainian drone campaign menacing Russian logistics (The Guardian)
Hamilton drone maker unbothered by Russia threats after Ukraine deal puts company in spotlight (CBC)
Moscow brands Canada as 'warmonger' amid drone production deal with Ukraine (CBC)