Here is a rundown of all the news you need to start your Saturday, including US President Donald Trump warning that a "new dawn" is coming to Cuba; Trump saying the US will get 'all' of Iran's nuclear dust “with lots of excavators”; and Iran announcing Strait of Hormuz is “completely open” for commercial shipping.
President Donald Trump said a "new dawn" is coming to Cuba, arguing that American "strength" would soon deliver change to the island nation after 70 years.
"And very soon, this great strength will also bring about a day, 70 years in waiting. It's called a new dawn for Cuba. We're going to help them out with Cuba," Trump told a crowd at an event in Phoenix, Arizona.
Pointing to Cuban American communities, he claimed they "were brutally treated, whose families were killed and brutalized."
"And now watch what happens," he added.
President Donald Trump said the US will retrieve Iran's nuclear dust using excavators in an operation with Tehran, as he declared the Strait of Hormuz effectively open.
"This will be a great and brilliant day for the world, because Iran has just announced that the Strait of Hormuz is fully open and ready for business and for passengers," Trump told a crowd at an event in Phoenix, Arizona.
On retrieving Iran's nuclear dust, he said, "The USA will get all nuclear dust."
While implying the risks, he said, "We're going to take it anyway, but taking it, taking it that way, is slightly more dangerous, but we're going to get it anyway."
"We're going to get it by going in with Iran, with lots of excavators," he added.
Iranian Foreign Minister Abbas Araghchi declared the Strait of Hormuz “completely open” for all commercial vessels, linking it to a ceasefire in Lebanon.
The decision was made “in line with the ceasefire in Lebanon,” Araghchi wrote on US social media company X.
US President Donald Trump announced a 10-day ceasefire between Israel and Lebanon.
He said the passage will remain "open for the remaining period of ceasefire" on the "coordinated route" as already announced by the Iranian Ports and Maritime Organization.
As tensions in the Middle East region eased following the announcement that the Strait of Hormuz had been opened to commercial shipping, energy futures closed the week with strong weekly declines.
US President Donald Trump said the waterway is completely open and the US naval blockade against Iran in the strait would remain in effect until the agreement is 100% finalized.
Oil prices saw sharp declines with Brent futures dropping around 3.5% on weekly basis to $91.8 per barrel, and West Texas Intermediate (WTI) was down 11.4% to $85.5.
International Energy Agency (IEA) Executive Director Fatih Birol said Middle East energy production may take around two years to return to pre-war levels, while signaling that further emergency stock releases remain under consideration.
The recovery would vary across countries, with Iraq likely taking longer than Saudi Arabia, although the region overall could return to pre-war output in about two years, Birol told Switzerland's German-language daily Neue Zurcher Zeitung.
He said production would improve significantly once the Strait of Hormuz reopens, but reaching full capacity would take time.
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