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NEW YORK (AP) - U.S. stocks closed out their worst week since the Iran war began and their fifth losing week in a row. The S&P 500 fell 1.6% and is now 8.7% below the all-time high it reached in January. The Dow Jones dropped 1.7%, and the Nasdaq composite sank 2.1%. Crude oil prices rose again with no clear end in sight for the conflict.
SEOUL, South Korea (AP) – North Korean leader Kim Jong Un observed a test of an upgraded solid-fuel engine for weapons capable of reaching the U.S. mainland, and called it a significant development boosting his country’s strategic military arsenal, state media reported Sunday.
DUBAI, United Arab Emirates (AP) – President Donald Trump openly mused about seizing Iran’s Kharg Island oil terminal in the Persian Gulf and the United States and Israel kept up their attacks Monday on the Islamic Republic, even as there were signs of progress in nascent ceasefire talks. Tehran, meanwhile, struck a key water and electrical plant in hard-hit Kuwait.
BEIJING (AP) – China’s flag carrier resumed direct flights between Beijing and North Korea’s capital of Pyongyang on Monday not long after the restoration of passenger train services between the capitals.
CHESSY, France (AP) – A 118-foot mountain of ice rose over the suburban Paris countryside this weekend as Disney opened its Arendelle kingdom to the world – Elsa’s palace glowing at the summit, a “Frozen” Nordic fishing village below, and the company’s new CEO standing before a crowd of celebrities.
WASHINGTON (AP) – U.S. and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing countries to ration fuel and subsidize energy costs to protect their poorest.
ISLAMABAD, Pakistan (AP) – Pakistan announced Sunday that it will soon host talks between the U.S. and Iran, though there was no immediate word from the U.S. or Iran, and it was unclear whether the talks would be direct or indirect.
Iranian forces “are waiting for the arrival of American troops on the ground to set them on fire and punish their regional partners forever,” the country’s parliament speaker Mohammad Bagher Qalibaf said. Qalibaf added: “Our firing continues. Our missiles are in place. Our determination and faith have increased.”
SEOUL, South Korea (AP) – North Korean leader Kim Jong Un observed a test of an upgraded solid-fuel engine for weapons capable of reaching the U.S. mainland, and called it a significant development boosting his country’s strategic military arsenal, state media reported Sunday. Some experts speculate North Korea’s claim may be an exaggeration.
WASHINGTON (AP) – President Donald Trump says the United States is winning the war with Iran even as thousands of additional American troops deploy to the Middle East. He has pilloried other countries for not helping the U.S., only to say later he does not need their assistance. He has twice delayed deadlines for Iran to reopen the Strait of Hormuz.
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