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Iranian Parliament Speaker and chief negotiator Ayatollah Ghalibaf refuted recent comments by President Trump regarding Iran's food situation. On Thursday, Trump reiterated in an interview with CNBC that Iran would purchase agricultural products from

2026-07-04

Iranian Parliament Speaker and chief negotiator Ayatollah Ghalibaf refuted recent comments by President Trump regarding Iran's food situation. On Thursday, Trump reiterated in an interview with CNBC that Iran would purchase agricultural products from the United States as part of any future peace deal, a claim Iran denied. Trump stated, "They need food, they need corn, wheat, and soybeans, and we'll just have American farmers provide those." Ghalibaf subsequently refuted this claim. He said, "Imagine your own 40 million-plus citizens receiving food stamps, and you're calling another country hungry. This isn't a statement; it's a prediction. Please continue to monitor your food stamp application recommendations," adding, "Our assets will be decided by us. Please monitor your malnutrition rates." According to the U.S. Department of Agriculture, more than 42 million Americans participated in the Supplemental Nutrition Assistance Program (SNAP), commonly known as the food stamp program, last year.

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2026-07-04

An Egyptian minister said Egypt expects to receive €1.5 bln under the EU aid package within days.

An Egyptian minister said Egypt expects to receive €1.5 bln under the EU aid package within days.
2026-07-04

South Korea has restarted tungsten mining for the first time in 32 years, and related companies and the local government are considering supplying Japan. If this happens, Japan's long-standing reliance on China for tungsten procurement will be expand

South Korea has restarted tungsten mining for the first time in 32 years, and related companies and the local government are considering supplying Japan. If this happens, Japan's long-standing reliance on China for tungsten procurement will be expanded, potentially becoming a new pillar of industrial cooperation between Japan and South Korea. Almonty Industries, a global mining giant based in the United States, resumed mining operations in March in Yeongwol County, Gangwon Province, in eastern South Korea. This marks the first resumption of production in 32 years since the mine was closed in 1994. The reason behind this restart is surging demand. Almonty acquired the mine in 2015 and invested approximately 40 billion yen in its development. Annual production is expected to reach a maximum of 4,600 tons. In the short term, about half of the production will be supplied to the United States under long-term contracts, with the remainder allocated to South Korea, Japan, other Asian regions, and Europe. Tungsten is an essential rare metal in the manufacture of a wide range of products, including cutting tools and automobiles. In recent years, the supply and demand relationship for tungsten has become increasingly strained due to the expanding demand for semiconductors used in artificial intelligence (AI). China, which accounts for about 80% of global tungsten production, has tightened export controls, and coupled with tensions in the Middle East, tungsten prices have risen four to five times in the past year.
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