Pakistan's Ambassador to the UN, Asim Iftikhar Ahmad, has emphasized that diplomacy and dialogue are the only practical ways forward in resolving conflicts, including the Iran nuclear issue. He welcomed a recent ceasefire between Israel and Iran, calling it a vital opportunity to get diplomacy back on track. Pakistan supports a lasting ceasefire in the region and urges all countries to act with restraint, while also advocating for the preservation and renewal of the 2015 Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).
https://www.geo.tv/latest/610812-at-unsc-pakistan-renews-push-for-diplomacy-on-iran-nuclear-issuePresident Lee expressed gratitude for President Prabowo's congratulations letter after his victory in the presidential election on June 3, 2025. He plans to make a state visit to Indonesia soon, citing South Korea as one of Indonesia's crucial partners in trade and investment. The Republic of Korea is among Indonesia's main partners in trade and investment, with bilateral cooperation showing a positive upward trend.
https://en.tempo.co/read/2021177/prabowo-lee-jae-myung-discuss-global-issues-in-phone-callPakistan's Prime Minister Shehbaz Sharif reaffirmed his country's support for Iran on international forums like the United Nations Security Council and the Organisation of Islamic Cooperation. In a phone call with Iranian President Masoud Pezeshkian, Sharif emphasized the need for diplomatic efforts to restore regional stability amid rising tensions in the Middle East. The two leaders stressed the importance of upholding international law and adhering to the UN Charter.
https://www.brecorder.com/news/40369498/pm-reiterates-pakistans-support-to-iranEconomists, businesses, and some companies warn that tariffs could lead to increased prices on consumer products. President Trump aims to use tariffs to revive manufacturing jobs lost to lower-wage countries, shift tax burden from families to corporations, and reduce the national debt. Tariffs are taxes on imported goods paid by importers, which can be absorbed or passed on to consumers through higher prices, benefiting U.S.-produced goods and generating revenue for the federal government.
https://www.victoriaadvocate.com/news/nation/policy-group-offers-trump-another-path-forward-on-tariffs/article_2b7b0dfb-3971-5ba7-a2da-d555eea6c054.htmlPresident Donald Trump has announced on social media that China can continue to purchase oil from Iran, potentially undermining US sanctions on the country. This move could weaken a key aspect of US policy aimed at reducing Iran's revenue by limiting its top export. The announcement was made during a ceasefire effort with Israel, and comes as both countries have called for an end to hostilities.
https://www.japantimes.co.jp/news/2025/06/25/world/politics/trump-china-buy-iranian-oil/Asian emerging market equities surged on Tuesday following the agreement between Israel and Iran to US President Donald Trump's ceasefire proposal. The MSCI's Asian emerging market index rose 2.6%, with South Korean shares jumping 3% to their highest close since September 2021, while Indonesian equities gained 1.3%. Israeli Prime Minister Benjamin Netanyahu confirmed the country's agreement to the proposal, which could potentially bring an end to a 12-day conflict that had sparked fears of regional escalation. The ceasefire news led to a decline in oil prices and a drop in the dollar, with many emerging Asian economies being net oil importers.
https://www.brecorder.com/news/40369412/asian-currencies-rallyUS President Donald Trump's deadline to reach deals with major trading partners is looming, with some talks struggling to conclude agreements that could avoid higher tariffs. The UK has secured a bilateral accord, but it left one issue unresolved - steel duties at 25%. China has a fragile truce with the US, extending until mid-August, allowing for negotiations to continue.
https://www.japantimes.co.jp/business/2025/06/25/markets/pressure-trump-trade-deals-two-weeks/The US Department of Defense faces challenges in its arms sales, technology transfer, and defense industrial cooperation due to outdated export control policies. A study by CSIS found that the Arms Export Control Act of 1976 was passed during the Cold War, leading to a highly regulated process that restricts cooperation with allies. The International Traffic in Arms Regulations (ITAR) and Technology Security and Foreign Disclosure (TSFD) are seen as major hurdles to international procurement and cooperation. NATO allies have expressed frustration with the lengthy and bureaucratic process of Foreign Military Sales (FMS), which can take years to clear and deliver capabilities. To address these issues, experts suggest establishing a combined review process for weapons requests from US allies, potentially involving categories of countries that already have Reciprocal Defense Procurement Memorandum of Understandings (RDP MOUs) with the US.
https://www.csis.org/analysis/strengthening-nato-starts-fixing-its-industrial-baseThe World Economic Forum (WEF) gathering in Tianjin comes at a critical time for the global economy, which has been impacted by US President Donald Trump's tariff war and ongoing conflicts, including the Iran-Israel conflict. The International Monetary Fund and World Bank have reduced their forecasts for global growth this year to 2.3 percent and 2.7 percent respectively. According to Klaus Schwab, a key speaker at the WEF, it is too early to predict the impact of Trump's tariffs, but warns that mounting conflicts could have a negative effect on global growth. China, which accounts for almost 30 percent of global growth this year, is pivoting its economy towards digital trade and services, with domestic consumption expected to play an important role.
https://www.brecorder.com/news/40369499/turmoil-impacting-global-growth-wef-chief