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Time:2026-06-05T16:10:43Z

US naval blockade has cost Iran nearly $6 billion in oil revenues, as inflation in the country hits its highest level since World War II. Growing opposition emerges in Albania against a $1.6 billion luxury resort linked to the Trump family. Zelensky challenges Putin to face-to-face peace talks in an open letter. Xi Jinping plans his first visit to North Korea since 2019.

US blockade drains Iran of $6B in oil revenue as inflation soars

US blockade drains Iran of $6B in oil revenue as inflation soarsThe US naval blockade has deprived Iran of nearly $6 billion in oil revenues, severely straining the country's economy. Iran's inflation rate has surged to its highest level since World War II, with basic goods like red meat becoming unaffordable for many citizens. Multiple reports from Al Jazeera examine whether the standoff is pushing the US and Iran closer to war or a negotiated deal. The economic pressure reflects Washington's maximum-pressure strategy targeting Tehran's energy exports.

Sources:
How the US naval blockade has bled Iran of nearly $6bn in oil revenues (Al Jazeera)
Are the US and Iran closer to war or to a deal? (Al Jazeera)
‘Red meat is a dream’: Iran inflation hits highest level since World War II (Al Jazeera)

Albanians protest Trump family-linked $1.6B luxury resort project

Albanians protest Trump family-linked $1.6B luxury resort projectA $1.6 billion luxury resort project linked to the Trump family is facing growing opposition and protests in Albania. Multiple news outlets report that local Albanians are rallying against the development, which critics say raises concerns about environmental impact and political influence. The Guardian reports on the latest outrage over the Kushner-Trump-backed project. AP News and NPR detail how opposition has swelled across the country.

Sources:
What to know about the growing opposition to Trump family-linked resort in Albania (AP News)
Plans for a Trump family-linked resort spark protests in Albania (NPR)
Albanians protest against US-linked luxury resort (China Daily)
Outrage in Albania over Kushner-Trump $1.6bn luxury resort – The Latest (The Guardian)

Zelensky challenges Putin to direct face-to-face peace talks

Zelensky challenges Putin to direct face-to-face peace talksUkrainian President Zelensky has published an open letter to Vladimir Putin calling for face-to-face negotiations to end the war. The letter, covered extensively by CNN, the Guardian, and CBC, directly challenges the Russian leader with the message 'You can stop your war.' The Kremlin has confirmed that Putin is aware of the letter but has not yet indicated a response. The development marks a significant diplomatic move from Kyiv amid the prolonged conflict.

Sources:
Zelensky needles Putin in personal letter calling for face-to-face peace talks (CNN)
‘You can stop your war’: Zelenskyy’s open letter to Putin – in full (The Guardian)
Zelenskyy calls for face-to-face Ukraine war negotiations in letter to Putin (The Guardian)
Kremlin confirms Putin aware of Ukraine president's open letter calling for face-to-face talks (CBC)

Xi Jinping to visit North Korea for first time since 2019

Xi Jinping to visit North Korea for first time since 2019Chinese President Xi Jinping will travel to North Korea next week for his first visit since 2019. The trip, confirmed by AP News and reported by the New York Times and CBC, comes amid shifting dynamics on the Korean Peninsula. Xi's visit signals continued alignment between Beijing and Pyongyang, with analysts suggesting the meeting will focus on bilateral cooperation and regional security. The timing of the visit carries significant geopolitical implications.

Sources:
Xi Jinping will travel to North Korea next week in his first visit since 2019 (AP News)
Why Xi Jinping Is Going to North Korea to Court Kim Jong-un (NYT)
Chinese leader Xi Jinping to visit North Korea for first time since 2019 (CBC)