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Trump’s gold card: $5M visa for wealthy foreigners

Trump introduces $5m “gold card” visa for wealthy foreigners, including Russian oligarchs, paving new path to US citizenship.

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Trump introduces $5m “gold card” visa for wealthy foreigners, including Russian oligarchs, paving new path to US citizenship.

In Short

Wealthy foreigners can apply for a US visa under the new “Trump gold card” program, costing around $5 million, aimed at attracting rich individuals. The initiative offers a pathway to citizenship, replacing the EB-5 immigrant investor visa, amidst a focus on deporting undocumented immigrants.

Wealthy foreigners can soon apply for a US visa under the new “Trump gold card” program, costing around $5 million.

This initiative, announced by President Donald Trump from the Oval Office, aims to attract rich individuals, including potential Russian oligarchs, to the United States.

Trump stated that the program could be operational within two weeks and would offer a pathway to citizenship for affluent applicants.

He noted that these individuals would contribute to the economy through spending and taxation.

When questioned about Russian oligarch eligibility, Trump acknowledged the possibility, mentioning that he knows “very nice people” among them.

The gold card program will replace the current EB-5 immigrant investor visa, which requires investments starting at $1 million to obtain residency.

Secretary of Commerce Howard Lutnick assured thorough vetting of applicants, emphasising the need for them to be “wonderful, world-class global citizens.”

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Iran live updates: Airlines face disruptions that surpass previous Middle East conflicts

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Oil prices surge amid rising Middle East conflict risks

Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.

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Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.

Crude oil prices spiked dramatically as investors react to the growing risk of a wider conflict in the Middle East. U.S. crude surged 7.2 percent, trading near $71.84 a barrel, signalling heightened concern across energy markets.

The Strait of Hormuz, a critical shipping chokepoint, has come under intense scrutiny. Rising war-risk insurance premiums and suspended tanker traffic are already slowing the movement of oil, creating ripple effects in global supply chains.

JPMorgan has warned that prolonged disruptions over three weeks could force Gulf producers to reduce output, potentially pushing Brent crude prices to between $100 and $120 a barrel. Markets are closely watching for developments that could reshape global energy pricing.

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Trump warns of last opportunity to hit Iran as conflict escalates

Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.

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Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.

President Trump has declared this is the final opportunity to strike Iran as conflict intensifies across the Middle East, outlining four key military objectives including dismantling Iran’s missile capabilities and targeting its navy.

The U.S. says its mission is to prevent Iran from acquiring a nuclear weapon and to halt its alleged support for terrorist groups abroad, signalling a potentially prolonged campaign in the region.

Four U.S. troops have already been killed, with officials warning further casualties are possible as operations continue.

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