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Moscow To Host US-Russia Hockey Match Week Of July 4th
The world's two largest nuclear powers are apparently turning to old school, Cold War-style sports diplomacy to thaw out their deeply frozen bilateral relations, even as there's as yet no solution to the grinding Russia-Ukraine war.
Russian and American ice hockey players are scheduled to face off in Moscow on July 1. President Vladimir Putin first proposed holding hockey matches between Russian and American players in both countries during a direct phone call with President Trump.
Getty ImagesSoon after that March 2025 phone call the Kremlin noted at the time that Trump had "expressed support" for the initiative.
According to the American Chamber of Commerce in Russia (AmCham Russia), the event is part of a broader series of matches. Notably the initial match is timed just ahead of the milestone 250th anniversary of US independence on July 4th.
"We hope this will help melt the ice that formed between us," AmCham Russia President Robert Agee said Thursday. The announcement was made at the 29th St. Petersburg International Economic Forum (SPIEF), which is currently ongoing.
He confirmed that Russia and the US would play the match, expressing that it will be a "friendly" game, according to TASS.
While it's unclear which players will make up the rosters from either side, The Moscow Times has cited that Agee said "NHL superstar and prominent Putin supporter Alexander Ovechkin will be involved in the event, though the full roster will be a mix of professional and amateur athletes. He did not provide further details."
The International Ice Hockey Federation banned Russia from all official international tournaments immediately following the 2022 invasion of Ukraine, and so this event constitutes a rare, symbolic defiance of the international sports body and its regulations set down.
In the meantime, the Ukrainians are fuming over the plan, as they want to see Russia as isolated as possible. But a US against Russia hockey game, covered by international media and featuring superstar athletes on the ice would be anything but 'isolation'.
Back when Putin was literally on the ice himself for an exhibition...
WATCH: Putin scores 8 goals in an exhibition hockey game in Russia pic.twitter.com/XePFMRIej9
— Bloomberg Originals (@bbgoriginals) May 10, 2019Indeed it in and of itself would be a big diplomatic win for Moscow, but the White House sees this as essentially worth it if it can lead to peace, and eventual normalization of relations with Russia.
Tyler Durden Fri, 06/05/2026 - 21:20US Military Shoots Down Inbound Iranian Attack Drones Over Hormuz, Bombs Coastal Sites
- The US reportedly military intercepted and shot down at least four Iranian one-way attack drones
- CENTCOM says coastal radar and missile sites bombed in retaliation.
- Iran Military Fires "Warning Missiles" At US Destroyers In Gulf of Oman; U.S. CENTCOM Denies Report
- Iran FM Warns American Bases Are Legitimate Targets, Cites 'No Tangible Progress' In Talks
Yes 25% · No 76%
View full market & trade on Polymarket //--> //--> //--> Strait of Hormuz traffic returns to normal by end of June?
Yes 18% · No 83%
View full market & trade on PolymarketNew Overnight US Military Intercepts, Attacks
Things are again popping off in the overnight hours in the Strait of Hormuz, but so far it may be looking like another limited action and exchange.
The US military reportedly intercepted and shot down at least four Iranian one-way attack drones on Friday into possibly early Saturday (local). According to US Central Command (CENTCOM), the incoming unmanned aerial vehicles were heading directly toward the Strait of Hormuz and posed an "imminent threat to maritime traffic."
Following the drone shootdowns, American forces immediately launched retaliatory strikes against key military targets inside Iranian territory. CENTCOM further detailed that American assets hit Iranian coastal surveillance radar sites located in Goruk, a city in the Hormozgan province, as well as on Qeshm Island, a strategically vital Iranian outpost in the mouth of the strait.
The Pentagon justified the immediate counter-offensive by stating the radar sites were targeted specifically to "defend against further attacks." One thing is clear: these 'limited' escalations are becoming more regular, and even almost nightly at this point, raising the stakes and possibility of a more full-on, dangerous renewed war. Currently, there are reports of air defenses active over Kuwait:
KUWAITI AIR DEFENSE SYSTEMS INTERCEPTING DRONE, MISSILE ATTACKS
Iran Military Fires "Warning Missiles" At US Destroyers In Gulf of OmanAFP is reporting that Iranian military forces fired "warning missiles" at two U.S. Navy destroyers transiting the Gulf of Oman, citing Iranian state media.
"In continuation of operations to counter maritime misconduct and harassment, as well as the hijacking of commercial vessels and oil tankers by the terrorist naval forces of the United States, following the firing of warning missiles, the hostile destroyers DDG-103 and DDG-8 have left the Gulf of Oman towards the Indian Ocean," Iranian military forces wrote in a statement published by state news agency IRNA.
Meanwhile...
- US DENIES REPORT IRAN ATTACKED OR FIRED AT US NAVAL SHIPS
🚫 CLAIM: Iran claims it fired warning shots at U.S. warships in the Gulf of Oman, forcing American vessels to “retreat” toward the Indian Ocean. FALSE.
✅TRUTH: Iranian forces did NOT attack or fire at U.S. Navy warships. Doing so would be a gross violation of the ceasefire.… pic.twitter.com/PdfC1EMZTP
Most Important Headlines (courtesy of Bloomberg):
Military Confrontation
- Iran's army fired warning shots using Qadir missiles and drones at two US Navy destroyers (DDG-103 and DDG-87) in the Sea of Oman on Friday, forcing them to retreat to the northern Indian Ocean, according to Iranian military statements
- Iran fired missiles and drones at Kuwait and Bahrain on Wednesday, killing one person and injuring dozens at Kuwait's main airport, after the US struck an oil tanker headed to Iran
Peace Talks
- The US and Iran have made little progress in talks over an interim peace deal this week, with Iranian Foreign Minister Abbas Araghchi saying no tangible progress has been achieved
- President Trump said ceasefire talks are in the 'final' stages despite the stalled negotiations
- Iran's Foreign Minister dismissed the idea of Supreme Leader meeting Trump after the US president expressed openness to such a meeting
U.S. Congressional Opposition
- The Republican-led House voted 215-208 on Wednesday to halt the US war with Iran, breaking with President Trump
- Trump called the House vote against the Iran war 'meaningless' and 'unpatriotic' in a Truth Social post
Regional Impact
- Lebanon's Prime Minister told Iran to stop treating the country as a 'bargaining chip' on Friday
- Hezbollah rejected a US-brokered truce proposal in Lebanon, though attacks on northern Israel have eased
- The US said Israel and Lebanon agreed to a ceasefire contingent on Hezbollah stopping attacks and evacuating operatives from southern Lebanon
Nuclear
- Iran permitted UN atomic watchdog monitors to visit its Bushehr nuclear power plant this week while stonewalling inspectors' demands to verify its enriched uranium stockpile.
At a moment it's become more than clear that the US and Iran are not anywhere closer to the negotiating table, and after they've shown little progress after a week of clashes - as one Friday morning Bloomberg headline reads, Tehran has again putting US bases in the region on notice, while admitting "no tangible progress" in negotiations on ending the conflict.
Iran's Foreign Minister Abbas Araghchi in fresh remarks has said that "standing against the world's greatest power, equipped with nuclear weapons, for 40 days is no joke," and that "the world has realized the true power of the Iranian nation."
Araghchi also again issued a direct warning to regional Gulf states: "We warned regional states that US bases used for any aggression against Iran are legitimate targets" - he was quoted Friday by Islamic Republic of Iran Broadcasting (IRIB) as saying.
File image: Iran's Foreign Minister Abbas AraghchiHowever, the Iranian foreign minister also cautioned that there is a way forward, stressing that despite conflict, "We are committed to fostering sustainable, constructive ties with Saudi Arabia."
The war is fast approaching the 100-day milestone, which comes Sunday, since Trump first initiated his Operation Epic Fury. He had in the opening 'assured' the American public of only a short conflict lasting but a few days or weeks.
Iran's supreme leader too has been signaling defiance while apparently in hiding, saying that the US and Israel had been dealt a "decisive blow"
Ayatollah Mojtaba Khamenei's message was read out by a prayer leader at a ceremony marking the anniversary of the death of the Islamic republic's founder on Thursday:
In his message, Khamenei said his country's enemies, after "facing a decisive blow," were now "experiencing a deeply meaningful and profound humiliation."
He went on to accuse them of seeking to "plant the seeds of doubt, despair, fear, mistrust and division" among the public, calling for unity to "neutralize their sinister plot."
Tehran is still seeking to integrate the Lebanon situation into a broader US-Iran peace deal. But in Lebanon itself, sporadic fighting has raged despite declaration of a ceasefire - of which Hezbollah has declared itself not part of.
On Friday, "The Israeli military's Arabic-language spokesman Avichay Adraee on Friday warned residents of six towns and villages including south Lebanon's Sarafand, a town on the coastal road between Tyre and Sidon, to immediately evacuate," according to CBS.
More reports of mystery explosions in Strait of Hormuz, off Oman...
🇴🇲 New: Oman has suspended oil loading operations at the Mina al Fahal terminal after an explosion near its offshore berths, according to Reuters.
Two sources familiar with the matter said the blast, which occurred between two single-buoy moorings, was believed to have been… pic.twitter.com/N6O5nZoqWF
"Lebanon's state-run National News Agency reported mass displacement from the three villages named in the warning, and it subsequently reported a strike on one of the villages, Arqoun," the report continues.
And Al Jazeera also reports Friday that "Israel's deadly strikes continue across Lebanon, killing at least six today, despite the announcement of a new US-brokered ceasefire agreed between Lebanese and Israeli officials in Washington, DC."
The public is increasingly pessimistic that a ceasefire can be achieved anytime soon, even as Trump has seemed to soften on the issue of retrieving highly enriched uranium: US-Iran permanent peace deal by June 30, 2026?
Tyler Durden Fri, 06/05/2026 - 21:20Good Samaritan pepper-sprayed, slashed by violent pair after intervening in NYC ‘dog fight’: cops
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The Market Is Starting To Price In Something Most People Still Don't See
Authored by Milan Adams,
There is a strange disconnect developing between financial markets and the average person.
Most people still see the situation with Iran as another distant geopolitical story. It appears on television for a few minutes, disappears behind domestic political news, and then returns a few days later when another headline emerges. Investors, however, are beginning to treat it very differently. They are not watching the negotiations because they care about diplomatic symbolism. They are watching because a growing number of traders believe the global economy may be far more vulnerable to a prolonged disruption than policymakers are willing to admit.
The irony is that the biggest threat is no longer war itself. The biggest threat is uncertainty.
For months, markets convinced themselves that a deal between Washington and Tehran was only a matter of time. There would be disagreements, public threats and last-minute complications, but eventually economic reality would force both sides toward some form of compromise. That belief became so widespread that many investors stopped considering what would happen if the opposite occurred.
Now that assumption is being tested.
Over the last several days, optimism surrounding a diplomatic breakthrough has faded once again. Conflicting reports about the future of the negotiations have pushed oil markets into another period of volatility, and prices remain dramatically higher than they were before the crisis began. Brent crude recently climbed back above $95 per barrel after fresh uncertainty surrounding the talks, while industry executives warned that the market may still be underestimating the risks ahead.
What makes this particularly dangerous is that the global economy no longer has the same shock absorbers it once had.
Back in 2008, governments could throw enormous amounts of money at a crisis. During the pandemic years, central banks unleashed trillions of dollars in liquidity. Today many of those same governments are carrying debt loads that would have been considered extraordinary only a decade ago. Interest costs are rising. Economic growth is slowing. Consumers have spent years absorbing inflation that never fully disappeared. The financial system looks stable on the surface, but underneath that surface there are clear signs of fatigue.
That is why the Strait of Hormuz matters so much.
Most people know it is an important shipping route. What they often do not understand is how concentrated global energy flows actually are. In peacetime, roughly one fifth of the world’s oil and liquefied natural gas moves through that narrow corridor. Think about that for a moment. One out of every five barrels of oil consumed somewhere on this planet depends on a maritime bottleneck that can be measured in miles rather than hundreds of miles.
The modern global economy was built on the assumption that this route would remain available.
Everything from airline tickets to fertilizer prices is connected to that assumption.
The danger is not necessarily a complete shutdown. Markets do not need a worst-case scenario to panic. They only need enough uncertainty to begin pricing in the possibility of one. Once that happens, shipping costs rise, insurance premiums increase, inventories start being accumulated instead of consumed, and companies begin preparing for disruptions that may never actually occur. Ironically, those preparations themselves can create economic damage.
That process may already be underway.
One of the most interesting comments this week came not from a politician but from one of the world’s largest oil traders. A senior executive at Vitol warned that markets could be seriously underpricing the risks associated with the current situation. According to him, the real stress may not appear when headlines are at their most dramatic. It may appear months later when refiners and industrial consumers suddenly discover that physical supplies are harder to obtain than expected.
History suggests he may have a point.
Most economic shocks do not begin with a dramatic collapse. They begin with a series of small disruptions that seem manageable in isolation. A delay here. A shortage there. Higher insurance costs. Longer shipping routes. Reduced inventories. Rising borrowing costs. None of these developments look catastrophic on their own. The problem appears when they begin reinforcing one another.
By the time ordinary consumers notice the impact, the chain reaction is usually well advanced.
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Climate Change: No. 1 Problem Of No Nation?
Despite claims of new records for global high temperatures every few years now, the topic of climate change has still not reached the top of the agenda for many people.
As Valentine Fouurreau reports, data from Statista Consumer Insights shows respondents in none of the 32 nations covered by the survey collectively rated climate change as the most important problem for their own country when asked to name the issues that were of the biggest significance to them.
You will find more infographics at Statista
Of the countries included in our infographic, Japan comes closest with climate change being named as a severe issue by the fifth-highest number of respondents, followed by China and India in rank 7.
Generally, this is more of an expression of the few problems of Japanese and Chinese people, as still only 27 percent and 21 percent, respectively, rated the climate change issue as severe.
Despite ranking only seventh in India, climate change was recognized as a big problem there by more people, 34.
Among developed nations such as France, Germany, South Korea or the U.S., worry about climate change hovered between 23 and 28 percent.
Tyler Durden Fri, 06/05/2026 - 20:30