Live Updates: Trump threatens Iran strikes, says too soon for new direct talks after reporting
President Trump threatened Iran on Wednesday with new attacks, warning they would be at a…
President Trump threatened Iran on Wednesday with new attacks, warning they would be at a…
Defense Secretary Pete Hegseth on Tuesday defined Project Freedom, a day-old U.S. military operation to…
The U.S. Embassy in Beirut has called on Lebanon's government to further its engagement with…
World shares were mixed Monday as the price of Brent Crude oil jumped $2.50 a…
In a phone interview with The Associated Press on Thursday, Zampolli said his “request is not a political request,” but rather meant as a contingency plan in case Iran could not participate in the soccer tournament.
After suggesting to the FT that, with four previous titles, the Italian national team’s appearance in the World Cup would be justified, he told the AP it was his “dream … for the Italian people and the American-Italian people.”
Italian officials pushed back hard at the suggestion, with Sports Minister Andrea Abodi saying Thursday, “first of all, it’s not possible. Secondly, it’s not a good idea.”
Luciano Buonfiglio, the president of the Italian Olympic Committee, which oversees all sports in Italy, also dismissed the idea, saying he “would feel offended,” as “you need to deserve to go to the World Cup.”
CBS/AP
Sports officials in four-time world champion Italy say the country is not interested in replacing Iran at the upcoming 2026 World Cup, following a suggestion of the move by a Trump administration official.
Iran has not withdrawn from the World Cup, and the team is preparing to play in the championship taking place this year in the U.S., Mexico and Canada despite the ongoing war in the Middle East.Â
FIFA, the global soccer authority behind the World Cup, has insisted that Iran’s group stage games in California and Washington state will go ahead as planned in June.
The Financial Times reported this week that Paolo Zampolli, the U.S. special envoy for global partnerships, had suggested the swap to President Trump and FIFA president Gianni Infantino.
In a phone interview with The Associated Press on Thursday, Zampolli said his “request is not a political request,” but rather meant as a contingency plan in case Iran could not participate in the soccer tournament.
After suggesting to the FT that, with four previous titles, the Italian national team’s appearance in the World Cup would be justified, he told the AP it was his “dream … for the Italian people and the American-Italian people.”
Italian officials pushed back hard at the suggestion, with Sports Minister Andrea Abodi saying Thursday, “first of all, it’s not possible. Secondly, it’s not a good idea.”
Luciano Buonfiglio, the president of the Italian Olympic Committee, which oversees all sports in Italy, also dismissed the idea, saying he “would feel offended,” as “you need to deserve to go to the World Cup.”
CBS/AP
Sports officials in four-time world champion Italy say the country is not interested in replacing…
“The planned consolidation of the European network is being carried out across Lufthansa Group’s six hubs in Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome,” the airline said. “Passengers will therefore continue to have access to the global route network, particularly long-haul connections.”Â
Several other major airlines — in both Europe and the U.S., which is far less reliant on fuel supplies from the Middle East — had already announced temporary flight cuts.Â
Air Canada, Delta, and other airlines announced cancellations earlier this month.Â
“The spike in oil prices is big news in general and the impact on jet fuel prices is pronounced,” Stephen Rooney, lead economist at Tourism Economics, told CBS News last week. “Jet fuel is a huge cost for airlines, especially on longer-haul flights.”
Germany’s flag carrier airline Lufthansa said Wednesday that it was canceling 20,000 short-haul flights within Europe to save money, citing the dramatic spike in the price of jet fuel caused by the U.S.-Israeli war with Iran, which has dramatically constrained the flow of petroleum products through the Strait of Hormuz.
“In total, 20,000 short-haul flights will be removed from the schedule through October, equivalent to approximately 40,000 metric tons of jet fuel, the price of which has doubled since the outbreak of the Iran conflict,” the airline said in a statement.Â
“The planned consolidation of the European network is being carried out across Lufthansa Group’s six hubs in Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome,” the airline said. “Passengers will therefore continue to have access to the global route network, particularly long-haul connections.”Â
Several other major airlines — in both Europe and the U.S., which is far less reliant on fuel supplies from the Middle East — had already announced temporary flight cuts.Â
Air Canada, Delta, and other airlines announced cancellations earlier this month.Â
“The spike in oil prices is big news in general and the impact on jet fuel prices is pronounced,” Stephen Rooney, lead economist at Tourism Economics, told CBS News last week. “Jet fuel is a huge cost for airlines, especially on longer-haul flights.”
Germany's flag carrier airline Lufthansa said Wednesday that it was canceling 20,000 short-haul flights within…
World shares were mixed Friday even after Wall Street set another record, as investors watched for signs of more U.S.-Iran talks and an extension of the ceasefire of the Iran war that is expiring next week.
Oil prices fell Friday, while U.S. futures edged up.
President Trump suggested Thursday that he’s open to extending the two-week ceasefire in the Iran war, and Iran’s U.N. envoy said Tehran remained “cautiously optimistic” over negotiations with the U.S.
As optimism over an extended ceasefire grew, oil prices fell early Friday after climbing a day earlier. Brent crude, the international standard, was 3.2% lower at $96.25 per barrel. It had surged roughly 40% since the beginning of the Iran war in late February. Benchmark U.S. crude was down 3.6% to $87.86 a barrel.
Global energy shocks are growing over impacts of the Iran war, with the Strait of Hormuz remaining largely closed while the U.S. imposed a sea blockade on Iranian ports. The head of the International Energy Agency told The Associated Press on Thursday that Europe has “maybe six weeks or so” of jet fuel supplies remaining and warned of flight cancellations “soon.”Â
In stocks, U.S. futures for the Dow Jones Industrial Average rose 0.5%, while futures for the S&P 500 and Nasdaq both ticked up 0.3% Friday.
Early European trading saw Britain’s FTSE 100 index down 0.2% to 10,567.17. France’s CAC 40 was 0.4% higher at 8,293.21, while Germany’s DAX gained 0.6% to 24,308.82.
Asian stocks were mostly lower. Tokyo’s Nikkei 225 fell 1.8% to 58,475.90 after reaching an all-time high on Thursday. South Korea’s Kospi was 0.6% lower at 6,191.92. Hong Kong’s Hang Seng dropped 0.9% to 26,160.33. The Shanghai Composite index edged down 0.1% to 4,051.43.
Australia’s S&P/ASX 200 lost 0.1%. Taiwan’s Taiex traded 0.9% lower, while India’s Sensex gained 0.7%.
World shares were mixed Friday even after Wall Street set another record, as investors watched…
Europe has “maybe 6 weeks or so (of) jet fuel left,” the head of the International Energy Agency said Thursday in an interview with The Associated Press, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war.
IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced” stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
“In the past there was a group called ‘Dire Straits.’ It’s a dire strait now, and it is going to have major implications for the global economy. And the longer it goes, the worse it will be for the economic growth and inflation around the world,” he said.
The impact will be “higher petrol (gasoline) prices, higher gas prices, high electricity prices,” Birol told AP.
Economic pain will be felt unevenly, with some countries “hit worse than the others,” he said, naming Japan, Korea, India, China, Pakistan and Bangladesh as being on the front line of the energy crisis.
“The countries who will suffer the most will not be those whose voice are heard a lot. It will be mainly the developing countries. Poorer countries in Asia, in Africa, and in Latin America,” he said.
“Then it will come to Europe and the Americas,” he added, speaking from his Paris office looking out over the Eiffel Tower.
If the Strait of Hormuz isn’t reopened, he said that for Europe, “I can tell you soon we will hear the news that some of the flights from city A to city B might be canceled as a result of lack of jet fuel.”
Europe has "maybe 6 weeks or so (of) jet fuel left," the head of the…
Iran’s deputy foreign minister Saeed Khatibzadeh told CBS News partner network BBC that Israel’s attacks on Lebanon Wednesday were “a grave violation” of the ceasefire agreement, adding that the U.S. must choose “between war and ceasefire – you cannot have it both at the same time.”
“You cannot ask for a ceasefire and then accept terms and conditions, accept areas the ceasefire is applied to, and name Lebanon, exactly Lebanon in that, and then your ally just start a massacre,” Khatibzadeh said.Â
When asked if Iran would tell Hezbollah, its proxy group in Lebanon, to stop firing rockets into Israel, Khatibzadeh said “it is quite clear that Hezbollah is [a] pure Lebanese freedom movement.”
He did not deny that Iranian Revolutionary Guard officers help train and arm Hezbollah fighters, but said “it is not true that they are acting on behalf of us.” He said the agreement between the U.S. and Iran applied to each country and its allies.
Despite Israel’s attacks in Lebanon, Khatibzadeh said Iran remained “very much focused on getting [an agreement] done.”
On the Strait of Hormuz, Khatibzadeh said: “Definitely, we are going to provide security for safe passage and it is going to happen after the United States actually withdraws this aggression.”
He said Iran would determine a “protocol which is going to run from now on on safe passage in the Strait of Hormuz” with Oman “and, of course, with [the] international community.”Â
“I think that we have shown to everybody that energy security is important for Iran, it’s important for this body of water in the Persian Gulf, and we are going to abide by the international norms and international law … If safe passage mean[s] that a new protocol that ensure[s] forever that this body of water will be peaceful, then that’s okay” but that safety should be two-sided, Khatibzadeh said.
The diplomat said Iran had “many doubts” about the prospects for a final peace agreement with the U.S., suggesting Tehran believed Washington could just be exhausting diplomatic channels but planning to revert to military force, or “dictating and not compromising.”Â
Iran's deputy foreign minister Saeed Khatibzadeh told CBS News partner network BBC that Israel's attacks…
The CMA CGM Kribi, sailing under a Malta flag and operated by French shipping company…