Free Republic

Russian President Vladimir Putin’s special envoy said the country and the U.S. will sign an agreement to design an underwater tunnel connecting Russia’s Chukotka region to Alaska across the Bering Strait. Kirill Dmitriev, who is also head of the Russian Direct Investment Fund, made the announcement Thursday at the St. Petersburg International Economic Forum. “As regards, the tunnel, we have a piece of news for tomorrow that we will continue tunnel engineering. The tunnel will take place,” he told Russian TV channel Zvezda, according to a translation by state-owned news agency TASS. He added that this will be one of...

President Trump's envoys Steve Witkoff and Jared Kushner traveled to the national lab in Oak Ridge, Tennessee on Thursday for consultations with a team of technical experts that could play a role in nuclear negotiations with Iran, Axios has learned. Why it matters: The White House is trying to reach a memorandum of understanding (MOU) with Iran to end the war and begin in-depth nuclear negotiations, and wants to have experts at the ready should those talks be launched. (snip)The intrigue: Axios was alerted on Thursday to the fact that Witkoff had made an unannounced trip to eastern Tennessee. Two...

The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February. Average mortgage rates have climbed to their highest levels in nine months, while auto...

President Trump likes his military and diplomatic victories quick, clean and decisive. (snip) But now, Mr. Trump has hit the stalemate phase of his presidency. The war with Iran is clearly at that stage. When he declared a cease-fire on April 7, Mr. Trump said on social media that the end of combat operations would be conditional on “the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” It wasn’t. Even if commerce now resumes across the strait under a memorandum of understanding still under negotiation, it will still leave the future of Iran’s nuclear and missile programs exactly...

The Trump administration has quietly instructed federal prosecutors in Miami to avoid pursuing criminal investigations into Venezuela’s acting President Delcy Rodríguez, a longtime target of the U.S. Drug Enforcement Administration, according to current and former U.S. law enforcement officials, in the latest sign of warming relations between the White House and the oil-rich nation. It’s unclear whether prosecutors had implicated Rodríguez in any crimes or whether investigators were moving toward an indictment. A Justice Department spokesperson said in an email “there was never an investigation into her to shut down.” But DEA records obtained by The Associated Press earlier this...

The social media post by President Trump made it sound straightforward. The United States would orchestrate a deal to end the war with Iran and, in exchange, a slew of countries across the Middle East and South Asia would join an agreement, called the Abraham Accords, establishing relations with Israel. In fact, he said, that “should be mandatory.” But half of the countries he named — such as Egypt, Jordan and Turkey — already have relations with Israel. And the other half — including Saudi Arabia, Qatar and Pakistan — have no interest in establishing them anytime soon. As a...

The negotiations between the United States and Iran to end their war are following President Trump’s familiar playbook for resolving a Middle East crisis: agree to a cease-fire and deal with the toughest problems later. Analysts say the approach has had mixed results in the Gaza Strip, where Mr. Trump brokered a truce last year between Israel and Hamas, the Iranian-backed militant group. Plans for a so-called Phase 2 agreement — under which Hamas was to lay down its arms and Israel would allow Gaza to be rebuilt after a devastating war — have stalled. A similar approach in U.S....

A fire has started following a drone strike at an industrial site in Russia's southern Novoshakhtinsk city, home to an oil refinery, authorities said on Thursday, as Ukraine stepped up attacks on Russia's energy infrastructure. “A fire broke out at one of the industrial enterprises in Novoshakhtinsk. Preliminarily, no one was hurt. Emergency services are working at the scene,” said Yury Slyusar, the acting governor of the Rostov region, without specifying the target of the attack. Novoshakhtinsk refinery, which sells fuel mainly for export, has an annual capacity of 5 million metric tons of oil, or around 100,000 barrels per...

In October, Mr Musk pledged to cut "at least $2 trillion" from the federal government budget. He subsequently halved this target and on 10 April talked about making savings of $150bn from "cutting fraud and waste" by the end of the next financial year in 2026. ...Doge's largest listed individual saving is $2.9bn. It comes from cancelling a contract - which started in 2023 under President Biden - for a facility in Texas to house up to 3,000 unaccompanied migrant children. Doge appears to have taken the "total contract value" until 2028 - the end date listed - and subtracted...

Its early Friday morning in the UK results beginning to come in for the local government elections... Turkey (Türkiye) halting all trade with Israel... Eight Syrian soldiers wounded in an Israeli attack tonight in a Damascus suburb... A massive fire tonight in Moscow.. In the Uk 45 people arrested resisting efforts to detain illegal immigrants for transfer to Rwanda... Swedish authorities granting permission for a Quran burning rally on May 10th in Malmo... "If the Russians were to break through the front line, if there were a Ukrainian request--which is not the case today--we would legitimately have to ask ourselves...