Day: June 23, 2025

The world is waiting with bated breath for Iran’s next move after U.S. President Donald Trump authorized strikes on Iranian nuclear facilities, despite warnings against such a move from some U.S. lawmakers and foreign leaders.
Iran has promised retaliation against the U.S., and Trump has vowed to meet any retaliation with “far greater” force and even raised the prospect of seeking “regime change.”
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“For 40 years, Iran has been saying, Death to America, Death to Israel,” Trump said after the strikes. “There will be either peace or there will be tragedy for Iran far greater than we have witnessed over the last eight days.”
“Remember, there are many targets left,” he added. “If peace does not come quickly, we will go after those other targets with precision, speed, and skill.”
Meanwhile, the U.S. is preparing its citizens around the world for potential travel disruptions and “demonstrations against U.S. citizens and interests abroad.”
The Department of State issued a “Worldwide Caution” alert on Sunday—the first global alert since the Oct. 7, 2023, Hamas attack on Israel.
“The conflict between Israel and Iran has resulted in disruptions to travel and periodic closure of airspace across the Middle East,” the State Department said in a statement. “There is the potential for demonstrations against U.S. citizens and interests abroad. The Department of State advises U.S. citizens worldwide to exercise increased caution.”
The Department of Homeland Security also issued a National Terrorism Advisory on Sunday, warning that “low-level cyber attacks against U.S. networks by pro-Iranian hacktivists are likely” and that Iran may target U.S. government officials, as the country has repeatedly stated its desires to attack specific officials, including Trump, in retaliation for the U.S. assassination of Iranian Gen. Qasem Soleimani in 2020.
“The likelihood of violent extremists in the Homeland independently mobilizing to violence in response to the conflict would likely increase if Iranian leadership issued a religious ruling calling for retaliatory violence against targets in the Homeland,” the alert added.
Police in New York, Los Angeles, and Washington, D.C., have heightened vigilance at religious and diplomatic sites and public spaces, according to Bloomberg.
Iran condemned the U.S. attacks and asked the United Nations Security Council to “immediately act” to address “injustice and gross violations” by the U.S. and Israel. Iran’s Foreign Minister Abbas Araghchi said Israel with its surprise attack that sparked the war and the U.S. with its intervention this weekend each “decided to blow up” diplomacy.
Iran warned at the UNSC meeting that “the timing, nature and the scale of Iran’s proportionate response will be decided by its armed force,” and Iranian officials have warned that “all options” are on the table and that U.S. military bases in the region are “legitimate targets.”
Iran also holds significant leverage over global oil trade via the Strait of Hormuz, though disrupting that would also hurt its own economy as well that of its friends like China.
‘Inaction’ from governments and ‘baked in’ racism are hampering efforts to address entrenched disadvantage, according to first independent review
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Australian governments are failing to do “the heavy lifting” needed to address entrenched disadvantage experienced by Aboriginal and Torres Strait Islander communities, an independent review of the national Closing the Gap strategy has found.
The review by the Jumbunna Institute for Indigenous Education and Research at the University of Technology Sydney is the first to independently assess the implementation of the Closing the Gap agreement since its establishment in 2008.
Foreign affairs council discusses Ukraine after another night of heavy Russian attacks as Volodymyr Zelenskyy visits UK
EU foreign ministers are meeting this morning in Brussels to talk about the bloc’s position on Ukraine and Russia and the worsening crisis in the Middle East.
The foreign affairs council kicks off what some dubbed a “super week” in European – and not only – politics, with the Nato summit in The Hague and the European Council summit later this week.
Rolling coverage of the latest economic and financial news
Stock markets across the Asia-Pacific region are mixed today, as investors take events in the Middle East in their stride
Japan’s Nikkei 225 index has dipped by 0.17%, while Australia’s S&P/ASX 200 index has lost 0.35%.
Global equities will likely remain under pressure at the open – but judging by how oil prices reacted to the weekend news, the selloff could remain relatively soft compared with the heaviness of the headlines.
S&P futures [the US stock market] are down about 0.30% – they’re behaving like a normal Monday. And that, I find extremely interesting. It really feels like markets have become increasingly unreactive to the news. The lack of reaction is fascinating.
“The currency markets will be at the mercy of comments and actions from the Iranian, Israeli and U.S. governments.
The risks are clearly skewed to further upside in the safe haven currencies if the parties escalate the conflict.”