Iran war and rising fuel costs could boost Panama Canal traffic

PANAMA CITY (AP) – Panama Canal Administrator Ricaurte Vásquez said Thursday that the conflict in the Middle East and rising fuel costs could ultimately benefit the interoceanic waterway as global shippers adjust routes.

Wall Street has its worst day since the war with Iran started

NEW YORK (AP) - U.S. stocks had their worst day since the war with Iran started. The S&P 500 fell 1.7% Thursday. The index is headed for a fifth straight losing week, which would be the longest such losing streak in almost four years. The Dow Jones Industrial Average dropped 1%, and the Nasdaq composite sank 2.4%.

Trump encourages Latin American leaders to use military action to help US fight cartels

DORAL, Fla. (AP) – President Donald Trump said Saturday that the United States and Latin American countries are banding together to combat violent cartels as his administration looks to demonstrate it remains committed to sharpening U.S. foreign policy focus on the Western Hemisphere even while dealing with five-alarm crises around the globe.

Top Asia Pacific Breaking News: Latest Updates

ISLAMABAD (AP) – As fears of a wider regional conflict escalate following U.S. and Israeli strikes on Iran that began in late February, Pakistan has emerged as an unexpected mediator, offering to help bring Washington and Tehran to the negotiating table. Islamabad isn’t often called on to act as an intermediary in high-stakes diplomacy.

Hong Kong firm seeks $2 billion over Panama's takeover of 2 key canal ports

HONG KONG (AP) – A subsidiary of a Hong Kong-based company that has lost control of two critical ports on the Panama Canal said it is seeking $2 billion of compensation in damages from Panama over its “illegal” takeover of the ports.

Analysis: 1 month into war, Iran is using insurgent tactics and holding the world economy hostage

DUBAI, United Arab Emirates (AP) – One month into their war with Iran, the United States and Israel find themselves confronting an opponent that fights more like an insurgency than a nation – using increasingly limited resources to inflict maximum pain.

Honduras weighs shift in China-Taiwan ties

WASHINGTON (AP) – Three years after Honduras parted ways with Taiwan and forged diplomatic ties with China in hope of economic gain, shrimp farmers in the Central American country are in revolt. Their sales to Taiwan fell to a mere $16 million in 2025, down from more than $100 million in 2022, and the Chinese didn’t fill the void as hoped.

Editorials from The Washington Post, New York Times, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

Panama Canal ports drag Panama into tussle between superpowers

PANAMA CITY (AP) – Two ports run for years by a Hong Kong-based company at either end of the Panama Canal have thrust Panama into a geopolitical tug-of-war between the United States and China. Even before taking office for his second term, U.S. President Donald Trump complained that China was running the Panama Canal.