Korea’s historic strike countdown


IRAN
President Trump has announced a "two to three day" pause on further strikes, claiming Gulf allies convinced him to delay pre-scheduled action in hopes of peace. But the NYT is reporting it might’ve been due to a Pentagon warning that Iran is getting better at challenging US air assets. Meanwhile, the US Treasury has again quietly extended a sanctions waiver allowing purchases of stranded Russian oil. (Gulf News)
UNITED STATES
In a big 24 hours of tech news, a federal jury has rejected Elon Musk’s $150B lawsuit against his one-time business partner Sam Altman at OpenAI, finding Musk waited too long to sue. And across the Bay, Meta is preparing to eliminate 8,000 employees (10% of its workforce) tomorrow, amid record Q1 profits of $27B. (NPR)
CUBA
President Díaz-Canel has warned that any US military action will trigger an "incalculable bloodbath", amid leaked US intel claiming Havana has 300 Russian and Iranian attack drones. The threat capped off 24 hours of escalation, including the rumoured US indictment of Raúl Castro over a 1996 plane shoot-down, and the US blacklisting of Cuba’s entire intelligence apparatus (foreshadowing heavy secondary sanctions). (Independent)
SINGAPORE
The IMF has officially downgraded Singapore's 2026 economic growth forecast to 3.5%, warning that the city-state's highly exposed economy is taking a direct hit from the Middle East energy shock. (IMF)
GREECE
The inaugural, closed-door Europe Gulf Forum wrapped in Greece yesterday (Monday), featuring names like Italy’s Meloni, Qatar’s Al Thani, Finland’s Stubb, and both the IMF and ECB chiefs. (Atlantic Council)
UNITED STATES
Two young men have opened fire at San Diego’s biggest mosque, leaving at least five dead (including the attackers) in what’s being investigated as a hate crime. (CNN)
PHILIPPINES
President Marcos Jr. has made a splash with remarks that his country would likely be involved in a conflict over Taiwan, given both its sheer proximity and the 200,000 Philippine nationals living on the democratic island. (Straits Times)
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12 May

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