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Australia investigates Chinese lease on nation’s ‘northern gateway’ for Australasian trade

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The Australian Government is reviewing the ownership of a port owned by a Chinese company.

It’s questioning whether the controversial lease of the Darwin Port should be scrapped.

A 99-year-lease contract that has unsettled Australia’s security officials, could be torn up… escalating further tensions with China.

The Australian Government is reviewing the ownership of a port owned by a Chinese company.

The port is in a calculated position, located in the top end of Australia in the city of Darwin.

It’s used as a base of US Marines.

The port has been leased by Landbridge for the past six years, but there are still security concerns about the $500 million arrangement.

The nation’s defence officials are now investigating whether the company should give up its ownership for the sake of national interests.

Australia’s Defence Minister Peter Dutton

It comes on the back of China accusing Australia of economic coercion.

China slammed Australia’s decision last month, to use new laws to cancel the Belt-and-Road agreements with the Victorian state government.

Now there is speculation that Prime Minister Scott Morrison may use the same laws, to scrap long-term leases held by Chinese companies at ports in Darwin and Newcastle.

TWO-WAY TRADING PARTNERS

China is Australia’s largest trading partner for goods and services

The lease of the Darwin Port is still valid for another 93 years.

So should land-bridge be forced to give up its ownership of the port… there is no doubt relations between the nations will shrivel even further.

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U.S. ramps up Cuba aid as energy crisis deepens

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The United States has announced an additional $6 million in humanitarian aid for Cuba, bringing total assistance since Hurricane Melissa struck the island in October to $9 million. The new relief package will focus on Cuba’s eastern provinces, including Holguín, Granma, Santiago de Cuba, and Guantánamo, providing staples like rice, beans, pasta, canned tuna, and solar lamps. U.S. officials said embassy staff will monitor distribution to prevent the government from diverting supplies.

The announcement comes amid worsening energy and fuel shortages. Cuba has faced widespread blackouts, leaving millions without electricity in several provinces, while rising food prices and limited fuel supplies have intensified humanitarian pressures. Officials warn that without sufficient oil imports, hospitals, transport, and essential services could be severely affected. The crisis has escalated following U.S. restrictions on Cuba’s oil shipments and Venezuela’s inability to supply fuel, forcing Cuba to turn to Mexico as its primary energy partner.

Humanitarian situation

Cuba’s President Miguel Díaz‑Canel accused the U.S. of imposing an “energy blockade,” while Mexican officials work to deliver fuel without triggering U.S. tariffs. Díaz‑Canel expressed willingness to engage in dialogue but insisted talks must respect Cuba’s sovereignty. U.N. Secretary-General António Guterres has voiced serious concern, warning that the humanitarian situation could deteriorate further if oil supplies remain restricted.

As Cuba struggles to balance disaster recovery with an ongoing energy crisis, the international community faces a delicate challenge: providing humanitarian support while navigating complex geopolitical tensions.


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SpaceX expands Starlink with phone plans and satellite tracking ambitions

SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

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SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

SpaceX is pushing Starlink beyond internet from space, with plans underway for new consumer facing services that could reshape the telecom landscape.

The company is reportedly exploring a Starlink mobile device, positioning it as a potential rival to established smartphone players as it looks to extend its reach from orbit to everyday tech.

Starlink has become SpaceX’s financial powerhouse, generating an estimated $8 billion in revenue last year, with fresh trademark and patent filings signalling even more ambitious expansion ahead.


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Oil prices surge as U.S.-Iran tensions escalate

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Crude oil prices jumped over 3% on Wednesday as U.S.-Iran nuclear talks showed signs of faltering, pushing WTI futures above $65 per barrel. Axios reported disagreements over the venue and scope of Friday’s talks, while President Trump warned Iran’s supreme leader to “be very worried,” stoking fears of military escalation.

Tensions in the Persian Gulf added to the volatility. A U.S. F-35C shot down an Iranian drone near the USS Abraham Lincoln, and Iranian vessels threatened a U.S.-flagged tanker in the Strait of Hormuz. The USS McFaul escorted the tanker to safety, highlighting the region’s fragile oil supply routes.

Despite the clashes, nuclear talks will go ahead on Friday in Oman, but uncertainty continues to drive oil market volatility, with traders closely watching both diplomatic and military developments.

#OilPrices #IranUS #NuclearTalks #PersianGulf #WTI #EnergyMarket #Geopolitics #OilSupply


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