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North Korea confirms ballistic missile launch

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North Korea fired a suspected ballistic missile off its east coast on Wednesday, just hours before South Korean President Moon Jae-in attended a groundbreaking ceremony for a rail line he hopes will eventually connect the divided Korean peninsula.

North Korea fired another suspected ballistic missile off its east coast on Wednesday, just hours before a groundbreaking ceremony in the South for a rail line hoped to one day connect the two countries. (January 5).

The ceremony was attended South Korea’s President Moon Jae-in, acknowledging the launch here:

“North Korea test-fired an unidentified projectile this morning, and there are concerns that this could create tension and further deepen the stagnation in inter-Korean relations. But we should not give up the hope for dialogue in order to fundamentally overcome this situation.”

Reconnecting the North and South Korea by train was a central issue in past negotiations in 2018, but eventually failed.

Meanwhile, North Korea has tested a variety of new, short-range ballistic missiles.

The most recent one was launched from a submarine in October. The U.S. government has said the North is trying to design weapons that can evade ballistic missile defense systems in the region.

Leader Kim Jong Un vowed to bolster the military in his New Year speech to counter an unstable international situation amid stalled talks with South Korea and the United States.

Earlier this week, State Department spokesperson Ned Price reiterated the U.S. desire for dialog with North Korea, saying Washington had no hostile intent and was prepared to meet without preconditions.

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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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