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What We’re Watching: Trump-Xi phone call, Netanyahu’s coalition cracks apart, & More

US President Donald Trump meets with China's President Xi Jinping in Osaka, Japan, on June 29, 2019.

US President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, on June 29, 2019.

REUTERS/Kevin Lamarque

Trump speaks with Xi

US President Donald Trump and his Chinese counterpart Xi Jinping spoke Thursday for the first time since the former returned to office, as a recent pause in their trade war looked set to fall apart. Both sides recently stepped back from mutual triple-digit tariffs, but Beijing has drawn fire from Trump for restricting the export of rare earths minerals used by the US auto and tech industries. No breakthroughs were announced but Trump described the call as “very positive” and said a summit is in the works.


Netanyahu’s coalition set for divorce

In what could spell the end for Israeli Prime Minister Benjamin Netanyahu’s government, two ultra-Orthodox parties that form part of the governing coalition are reportedly set to back the Knesset’s dissolution, in protest against a potential new law that would fine religious university students who skip military service. The dissolution vote will take place on June 11. If United Torah Judaism and Shas, the two dissenting parties, join the opposition in voting to dissolve the government, there will be elections again in Israel.

US institutes new travel ban

Trump on Wednesday barred foreign nationals from 12 countries from entering the United States – including Afghanistan and Haiti – and placed partial restrictions on seven others. The ban is set to take effect on Monday 12:01 EST. The US president linked the new restrictions to Sunday’s terror attack in Colorado against a group of people who were marching in solidarity for the Israeli hostages in Gaza. Trump implemented a similar travel ban during his first term, one that the Supreme Court upheld in 2018.

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Iran player Fatemeh Pasandideh (right) reacts during the national anthem of Iran prior to the AFC Women’s Asian Cup Group A match between Iran and Philippines at Gold Coast Stadium on the Gold Coast, Sunday, March 8, 2026.

AAP
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ROYAL THAI NAVY/Handout via REUTERS
US and allies desperately try to cool frightened oil marketsIran has been upping its threats against the world’s oil supply, striking at least one cargo ship yesterday and reportedly laying mines in the Strait of Hormuz, the waterway near Iran through which 20% of global oil supply passes. Its military command even suggested that the world should [...]
What is Trump's exit strategy from Iran?
- YouTube
In this "ask ian," Ian Bremmer explains why the Trump administration may be looking for a way out of the US–Israel war with Iran, even as Israel appears determined to keep fighting.“The easiest way to declare victory is to narrow the war aims,” Ian says, pointing to US goals like destroying Iran’s navy and ballistic missile capabilities.But Israel [...]
Sanae Takaichi announces running for presidential election of the LDP

Sanae Takaichi announces running for presidential election of the LDP

Aflo via Reuters
Japan strikes rare earths deal with largest non-Chinese producerAustralian mining giant Lynas will sell rare earths to Japan for 12 years in a major pact meant to chip away at China’s dominance of the global market. The highlight of the deal is that it sets a minimum price of $110 per kilogram of the minerals. That is the same “price floor” that [...]