This Sunday, June 14, the United States and Iran agreed to a ceasefire and the reopening of the Strait of Hormuz as part of lifting the naval blockade in the area.

🇺🇸 Revelan los detalles del acuerdo de paz entre Irán y EEUU

Estados Unidos e Irán acordaron varios puntos en el memorándum de entendimiento definitivo, reveló la agencia Mehr. El documento final se aprobará mediante una resolución del Consejo de Seguridad de la ONU.

📌 En… pic.twitter.com/Hf7ZX0YF6i

— Sputnik Mundo (@SputnikMundo) June 15, 2026

Although the signing of the memorandum of understanding is still pending, international media indicated that the two nations reached a peace agreement in the Middle East this Sunday.

Israeli Defense Minister Israel Katz made it clear that Israeli forces will not withdraw from southern Lebanon, a position that has been communicated to President Donald Trump.

 

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China signed an agreement with the United States to reduce tariffs affecting tens of billions of dollars worth of goods from both countries.

This was announced in an official Chinese statement on Wednesday, May 20, following the meeting in Beijing between Donald Trump and Xi Jinping.

“As a result of their summit last week, a trade council was established, under whose auspices both sides agreed in principle to discuss a framework agreement for the reciprocal reduction of tariffs on equivalent-scale products,” the Chinese Ministry of Commerce stated.

Tariff cuts are expected to affect goods valued at “$30,000 or more for each side,” an anonymous source indicated.

China is confident that the U.S. will honor its commitment and has requested an extension of the trade truce agreements reached last year. Furthermore, the Ministry of Commerce reported that the country will reinstate the registrations of some U.S. beef exporters, which expired last year.

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Brazilian company Embraer, the world’s third-largest aircraft manufacturer, signed an agreement with Bharat Forge Limited of India to strengthen its presence in Asia, but above all, to guarantee the supply of forged materials from the new supplier.

Bharat Forge Limited “will be integrated into the Brazilian company’s global network of forged material suppliers.”

In this regard, the Indian firm explained that it “will supply materials for components of landing systems for Embraer’s commercial and military aircraft.”

For his part, Roberto Chaves, Embraer’s Executive Vice President of Global Supply and Production Chain, emphasized that this commercial alliance is part of the company’s national supplier diversification strategy, aimed at strengthening supply chain resilience.

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Apple and Intel reached a preliminary agreement, after a year of negotiations, for the manufacture of chips for some Apple devices.

It is not yet known which Apple products would be included in the agreement. However, the announcement “represents a significant move for Intel Foundry, the division with which Intel seeks to manufacture both its own chips and third-party designs.”

According to The Wall Street Journal, the agreement between the two companies comes under pressure from the Trump Administration. The newspaper notes that “last summer, the government converted nearly $9 billion in federal aid to Intel into a 10 % equity stake. It then used that support to attract strategic customers to the company.”

In this scenario, Apple would have been one of the priority targets of that industrial strategy. “The Cupertino company relies on TSMC to manufacture the chips it designs for iPhones, iPads, and Macs.” Faced with high demand for these components from Nvidia, Apple is seeking alternatives to TSMC, while Intel is trying to strengthen its foundry business.

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The Venezuelan state oil company Petróleos de Venezuela (PDVSA) and the Italian company Eni signed an agreement on Tuesday, April 28, to increase gas production, amid the opening of the energy sector following the easing of US sanctions against the South American country.

The ceremony between representatives of ENI and PDVSA was held at Miraflores Palace in Caracas. Regarding this, Claudio Descalzi, CEO of the Italian company ENI, stated: “This will be one of the company’s most important investments,” asserting that they are the only company “that develops and supplies gas to the domestic market, so we never left Venezuela.”

The agreement guarantees ENI the exploitation of the Junín 5 field in the Orinoco Oil Belt, with estimated reserves of 35 billion barrels.

Furthermore, Delcy Rodríguez, acting president of Venezuela, declared that the agreement “marks a milestone in the relations between ENI and Venezuela” and explained that the objective of this joint project is to give an extraordinary boost to production.

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On Monday, April 13, Petróleos de Venezuela (PDVSA) and the U.S. company Chevron signed an agreement to boost crude oil production in the Orinoco Belt. The meeting was chaired by acting president Delcy Rodríguez.

According to Rodríguez, “this agreement will allow us to make significant progress in production and ensure that the revenue generated from that production goes directly to the benefit of the Venezuelan people.”

Among the objectives of the agreement, she highlighted the exchange of assets between a gas field and the Ayacucho 8 oil block, which will be incorporated into the production of the Petro Piar joint venture. “This block, located in the Orinoco Oil Belt, is considered strategic due to its extra-heavy crude oil reserves.”

During the meeting, a resolution was also approved to delimit and grant exploitation rights in the Ayacucho 8 block to Petropiar, as part of the joint venture scheme operating in the country.

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On April 9, the governments of Venezuela and Russia signed an agreement that includes a robust professional training program, geared towards biotechnological autonomy, with technology transfer for the local production of insulin and other essential biological products for the public health system.

“The alliance between the Russian pharmaceutical company Geropharm and the Ministry of People’s Power for Health focuses on modernizing the Socialist Enterprise for the Production of Biological Medicines (Espromed BIO).”

The main objective of the agreement is to guarantee the supply of medicines, as well as to transform Venezuela into a regional biotechnology production center. The agreement will have two phases:

• Supply Guarantee: Direct import of ready-to-use insulin from St. Petersburg to meet the immediate demand of the public healthcare system.
• Technology Transfer: Adaptation and modernization of Espromed BIO’s installations for the independent manufacturing of vials, cartridges, and injection pens within Venezuela.

“Beyond infrastructure, the agreement includes a robust professional training program. Specialists from both countries have already begun refresher seminars at the Latin American School of Medicine (ELAM), addressing critical topics such as integrated diabetes management and the use and application of biosimilar medications.”

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The United States and Japan have agreed to jointly develop rare earths, lithium, and copper through the participation of companies from both nations in joint projects, such as the Japanese firms Mitsubishi Materials and Mitsui & Co.

 

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According to information published Tuesday in the Nikkei business daily, projects include “a rare earth refining operation in Indiana and the development of a lithium mine in North Carolina.”

The initiative represents a new effort by the countries “to secure supply chains for critical minerals,” which are key in the defense technology sector, as well as in semiconductors and renewable energy components.

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Venezuela’s acting president, Delcy Rodríguez, announced on Thursday, March 12, the signing of an agreement with the Spanish company Repsol and the Italian company Eni focused on guaranteeing the country’s gas supply.

Rodríguez told state television channel VTV: “I am very pleased that this is with two European companies that stayed in Venezuela, that believed in Venezuela, and that did not turn their backs on our people.”

She also indicated that the agreement covers “the exploitation of Cardón IV, one of the largest gas fields in Latin America,” located in Falcón state, which currently produces 580 million cubic feet of gas per day.

The agreement between Venezuela and the two European companies is expected to guarantee gas supplies, support national development, ensure domestic consumption, and promote exports.

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The reactivation of consular services and air connections between Venezuela and the Dominican Republic was announced this Sunday, February 1, following an agreement that ends the suspension that had been in place since July 2024.

The announcement was made by the Venezuelan Foreign Ministry in a statement, indicating that this reactivation will take place in the coming days.

Foreign Minister Yván Gil stated: “Likewise, both governments have agreed to instruct their respective aeronautical authorities to reactivate air connections between the two countries.”

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