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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The United States government announced to the media this Sunday, May 10, that it will suspend the gasoline tax as relief from the price increases resulting from the Iran trade war.

President Donald Trump said that all necessary measures will be taken to reduce the impact of this situation on citizens.

As is known, the federal taxes on gasoline are 18.4 cents per gallon and 24.4 cents per gallon for diesel.

A large percentage of Americans have already had to cut back on their purchases and restructure their vehicle use to cope with the rising price of gasoline.

According to CBS, the temporary suspension of the tax would cost the government $500 million per week.

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The week begins with good news for the cryptocurrency sector, considering the recovery of Bitcoin’s price, which opened the week at $80,000.

Several factors are driving this increase in the cryptocurrency’s value. Analysts point to the rise in the price of a barrel of oil due to the conflict with Iran, in addition to some domestic announcements in the United States, such as the Bitcoin reserve and the Clarity Act.

However, other experts on the subject warn that the value of the leading cryptocurrency does not depend on external narratives.

In any case, the week starts favorably for BTC holders, who remain hopeful that the price will return to $100,000.

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The United States could become the cryptocurrency capital if the executive order recently signed by Donald Trump moves forward successfully, with the help of David Sacks, an expert in AI and crypto assets.

In a statement, the White House indicated: “The growth of digital financial technology in the United States should not be hampered by restrictive regulations or unnecessary government interference.”

The legal instrument signed by Trump authorizes the creation of a task force in these disciplines, with a deadline of six months to make recommendations to the president.

On the other hand, the executive order “prohibits the establishment of a central bank digital currency (CBDC) and revokes a measure by the administration of former President Joe Biden, which suppressed innovation and undermined America’s economic freedom and global leadership in digital finance.”

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Amid the easing of sanctions against Venezuela by the United States, the International Monetary Fund and the World Bank announced on Thursday, April 16, the reestablishment of relations with the South American country.

The decision was announced following recent licenses issued by the Office of Foreign Assets Control (OFAC), which allow Venezuela, the Central Bank, and other banking entities in the country to carry out certain transactions, potentially contributing to economic development.

The IMF “has already offered the country future access to financing instruments.” However, the interim president, Delcy Rodríguez, stated that she does not foresee a debt program at this time.

Regarding the restoration of relations, IMF Managing Director Kristalina Georgieva issued a statement indicating that the organization, “following the opinion of the majority of its members, was now dealing with the Government of Venezuela under the administration of the country’s interim president, Delcy Rodríguez.”

For its part, the World Bank Group also commented on the decision announced last Thursday. “According to the statement, its last loan was granted in 2005.”

Both organizations accelerated the measure after US President Donald Trump recognized the Rodríguez government, a strategy aimed at promoting political and economic stability in Venezuela.

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The Trump Administration included a $5.6 billion net cut to NASA’s spending in the 2027 budget.

This is the second time the White House has asked Congress for this reduction in NASA’s science program budget, recalling that the first request was last year but was rejected by lawmakers.

“The proposal comes at a time when NASA Administrator Jared Isaacman is trying to overhaul the country’s space program.” As is known, last month Isaacman announced several changes at the agency, “such as the transition to commercial rockets for lunar launches, accelerating the pace of missions, and establishing a lunar base that will cost US$30 billion over the next decade.”

The White House has also called for the gradual retirement of the Space Launch System rocket, built by Boeing, given its enormous cost and delays, as well as the retirement of Lockheed Martin Corp.’s Orion crew capsule, “which currently carries a crew of four astronauts on a lunar mission, to replace them with commercial alternatives.”

Another measure is a $1 billion cut to the International Space Station, whose decommissioning is planned for 2030.

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Cuba is preparing for the arrival of a second oil tanker from Russia, after the country’s Energy Minister, Sergey Tsiviliov, indicated that loading of the second tanker had already begun.

As is known, the President of the United States, Donald Trump, allowed the Russian tanker “Anatoly Kolodkin,” carrying 730,000 barrels of crude oil, to enter Cuba. It arrived on Tuesday, March 31, through the port of Matanzas.

Trump stated that it was a humanitarian measure for the Cuban people, dismissing criticism from Russia regarding US sanctions against the island.

Russia’s move comes amid the energy crisis stemming from the Middle East conflict, with global repercussions.

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The meeting between Donald Trump and Xi Jinping, originally planned for March, will now take place in Beijing on May 14 and 15. The two leaders will discuss key issues such as trade, technology, security, and the Middle East conflict.

The two leaders met last October in South Korea. According to White House Press Secretary Karoline Leavitt, “the new date coincides with estimates that the Iran war could end within four to six weeks, although the Chinese government has called for an immediate cessation of attacks and warned that the conflict could spiral out of control.”

Another topic the leaders will discuss is “coordinating positions regarding the war in Ukraine, in an international context marked by geopolitical tensions and trade disputes.”

The US president considered the meeting “momentous” and indicated that he will later receive Xi and his wife, Peng Liyuan, at the White House.

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The European Union and Australia signed a free trade agreement to address the challenges of the global market and as a strategy against US tariffs.

With this agreement, “Brussels intensifies its market diversification after Trump’s tariffs and secures a key partner for obtaining critical raw materials” from Australia, such as lithium and manganese.

The document establishes some concessions regarding designations of origin, particularly for European emblems such as prosecco and feta cheese.

This is an effort by the EU to expand its trading partners, considering the “geopolitical tensions surrounding the Iran affair and after the United States shook up the global economic landscape with its indiscriminate tariffs.”

As expected, this agreement opens the door to tariff-free exports of most Australian products to the EU, and vice versa.

“EU calculations indicate that European exporters, producers, and farmers will save €1 billion in tariffs on EU sales valued at over €20 billion.”

Additionally, the EU signed another security and defense agreement, which will serve as a framework for “greater cooperation in the defense industry and Australia’s participation in the European Horizon science program.”

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