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South Korea's Ministry of Unification on the 5th proposed a "Korean Peninsula Peaceful Coexistence and Development" plan that, as a first step, urges both sides to address one another by name and replace wording such as "main enemy." South Korea's Pr

2026-08-05

South Korea's Ministry of Unification on the 5th proposed a "Korean Peninsula Peaceful Coexistence and Development" plan that, as a first step, urges both sides to address one another by name and replace wording such as "main enemy." South Korea's President Lee said the proposal remains disputed.

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2026-08-05

Fed’s Schmid said tighter monetary policy is needed to restore inf to the 2% target.

Fed’s Schmid said tighter monetary policy is needed to restore inf to the 2% target.
2026-08-05

Abas Aslani, senior researcher at the Center for Middle East Strategic Studies, said recent US and Iranian rhetoric and actions produced a period of volatility—days ago markets expected a major escalation; now observers are discussing a possible Stra

Abas Aslani, senior researcher at the Center for Middle East Strategic Studies, said recent US and Iranian rhetoric and actions produced a period of volatility—days ago markets expected a major escalation; now observers are discussing a possible Strait of Hormuz agreement. He noted a disconnect: the sides were exchanging threats until recently, and although both report progress, we are not there yet. Aslani said the pact would be a useful first step but would not resolve all issues; it could let Iran and the US focus on restarting a memorandum of understanding and, if effectively implemented, move toward a final nuclear agreement.
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