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Biden ramps up Ukrainian military assistance

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U.S. President Joe Biden is speeding up the process of providing military aid to Ukraine, as the war enters its third month

Biden is vowing to support Ukraine “in their fight to defend their country and their democracy” against Vladimir Putin’s terror.

The bill was passed in the House last month with a 417-10 vote, and unanimously through the Senate, a rare moment of bipartisanship for lawmakers.

The President signed into law S3522, the “Ukraine Democracy Defense Lend-Lease Act of 2022,” making it easier to export military equipment to Ukraine.

Biden sped up military aid to Ukraine on Monday, signing a present-day version of a lending program that helped defeat Hitler’s Germany.

The original Lend-Lease Act let Washington lend or lease weapons to its allies — the new version will allow the same to Ukraine immediately.

Before he signed the bill, Biden said it was time again to form a global force for peace.

“Every day Ukrainians pay with their lives and they fight along with the atrocities that the Russians are engaging in are just beyond the pale. And the cost to the fight is not cheap, but caving to aggression is even more costly. That’s why we’re staying in this.”

The sole condition is repayment at some later date, and the policy will also help other eastern European countries affected by Russia’s invasion.

President Vladimir Putin calls Russia’s actions in Ukraine a “special military operation” to disarm the country and protect it from fascists. Ukraine and the West say the fascism claim is a false pretext for an unprovoked war of aggression by Russia.

The signing came the same day U.S. lawmakers agreed to rush nearly $40 billion in additional aid to Ukraine, according to two sources familiar with the matter.

A proposal for additional COVID-19 funding, which some Democrats wanted to pass along with the emergency Ukraine aid, will now be considered in a separate vote, something Senate Republican Mitch McConnell told reporters he was pleased about.

He had repeatedly advocated for a “clean” Ukraine bill in the Senate.

Both houses of Congress are expected to quickly approve additional funding for Ukraine, which exceeds the $33 billion requested by Biden last month.

The expedited funding comes just as Secretary of State Antony Blinken and Defense Secretary Lloyd Austin urged Congress to act quickly, writing that the military had just enough money to send weapons to Ukraine for the next two weeks.

Reuters

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Iran live updates: Trump claims Khamenei dead as Iran insists he remains in command

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U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

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U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.

Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.

Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.

Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.

Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.

With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.Download the Ticker app

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Iran warns ships to avoid Strait of Hormuz

Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

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Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

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In Short:
– Iran’s Guard Corps advises ships to avoid the Strait of Hormuz due to rising tensions.
– Tankers have diverted to Qatar and UAE amidst concerns over safety and potential Iranian threats.
Iran’s Islamic Revolutionary Guard Corps has instructed ships to avoid the Strait of Hormuz, a crucial shipping lane linking to the Persian Gulf. About a hundred merchant vessels transit the strait daily, according to the U.S.Tensions have escalated recently as the U.S. increased military presence in the region and Iran issued threats. Western nations are concerned about Iran potentially laying sea mines to disrupt commercial traffic. Currently, no evidence suggests Iran has mined the strait.

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Ships have been repeatedly warned against entering the strait, as stated by crews in the area and the European Union’s naval command, Aspides. On Saturday, dozens of tankers diverted, with some seeking refuge in Qatar and the United Arab Emirates while others opted to steer clear of the region, as reported by oil brokers and shipowners.

Shipping Concerns

Tensions continue to impact shipping operations as carriers remain cautious in the Gulf region.

Tanker crews reported hearing explosions near Iran’s Kharg Island, which is vital for the country’s oil exports, as it handles 90% of its crude oil shipments.


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