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Sep 19, 2026

Korea's limited Hormuz role may not satisfy Trump: expert

SEATTLE — President Lee Jae Myung’s proposal to expand South Korea’s maritime security role in the Strait of Hormuz while ruling out involvement in the war represents a “realistic and constructive” contribution, but may not be enough to satisfy U.S. President Donald Trump, a U.S. expert said. Scott Snyder, president and CEO of the Korea Economic Institute of America (KEI) and a longtime scholar of South Korea-U.S. alliance and security issues, said Lee’s approach is consistent with how South Korea has responded to similar U.S. requests in the past. “Something along those lines represents a realistic and constructive offer from South Korea, but by President Trump’s logic such a limited contribution may not pass muster,” Snyder told The Korea Times. Lee said Friday that South Korea would not deploy troops or military assets in a way that would involve the country in the war, while confirming that Seoul is considering strengthening the role of the Cheonghae Unit to protect Korean commercial vessels, oil shipping routes and citizens. Snyder noted that South Korea responded

Sep 19, 2026

Wall St mixed as benchmark Treasury yields reach 5%, oil takes a pause

NEW YORK — Wall Street was mixed on Friday as benchmark U.S. Treasury yields topped 5 percent, and crude prices reversed earlier gains but remained above $100 per barrel, keeping inflation worries front and center. Investors approached the end of a week that was essentially split in two: first, restless anticipation in the days before the U.S. Federal Reserve's widely expected interest rate hike, and then the aftermath of that decision. A semiconductor rally helped the Nasdaq evade the broader selloff, which pulled the S&P 500 and the Dow marginally lower. The S&P 500 is on track to end the session with a weekly loss, while the tech-laden Nasdaq is on course to end nominally higher than last Friday's close. The blue-chip Dow is headed for its biggest weekly percentage decline since March. Inflation concerns remained prominent as crude prices stayed above $100 per barrel, but they paused their upward climb after China, at the request of Saudi Arabia, asked Iran to limit attacks by Houthi rebels on Saudi oil infrastructure. Soaring oil prices have sent diesel prices to record levels, whic

Sep 19, 2026

Trump extends push for $100,000 H-1B visas by another year

WASHINGTON — U.S. President Donald Trump has extended an executive order that would impose a fee of $100,000 for H-1B non-immigrant visas by another year, the White House said on Friday. U.S. employers seeking to hire skilled foreign workers can use the federal government's H-1B visa program for a fee, allowing tech and other professionals from abroad to work in the United States for a few years. Trump, who has pursued an aggressive immigration crackdown, has criticized the program and wants to permanently raise the fee from between $2,000 and $5,000 to at least $100,000, though the attempt has faced legal challenges. A Boston-based appeals court is reviewing a June decision by a federal judge who deemed the higher fee imposed by the Trump administration illegal and blocked the government from collecting it. Another court is considering whether a judge properly rejected a challenge to the fee by the U.S. Chamber of Commerce, the largest U.S. business lobbying group. Trump's initial order for a fee hike, first released in September 2025, was set to expire this month. It did not apply to

Sep 19, 2026

US Treasury's Bessent to discuss AI, rare earths with China's He, source says

WASHINGTON — U.S. Treasury Secretary Scott Bessent plans to discuss AI, trade, rare earths and economic issues when he meets with Chinese Vice Premier He Lifeng in New York City this weekend, according to a source familiar with his plans. The discussions are significant because the U.S. and China are the two major forces driving development of advanced AI tools and the global adoption of the technology. Rare earths play a crucial role in the manufacturing of technology. Bessent, U.S. Trade Representative Jamieson Greer and He will meet on Sunday in New York ahead of a summit between US President Donald Trump and Chinese President Xi Jinping on September 24 in Washington, Greer's office said in a statement. "The Trump Administration will continue to pursue balanced trade with China by monitoring the implementation of recent commitments, optimizing trade in non-sensitive goods, and improving market access for American farmers, manufacturers, and workers," Greer said in the statement. Bessent said in a separate statement that he expects the discussions to cover "both open- and closed-weig

Sep 19, 2026

Orlando Bloom on filming intimate scene with Rooney, Kate Mara: 'It was a sincere sort of moment'

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US-Iran War Live Updates: US Spends $43.6 Billion On Iran War, Over 60% Goes To Bombs, Missiles

Sep 19, 2026

Thử thách 3 phút kể chuyện di sản TP.HCM, giải nhất 20 triệu đồng

Korea's limited Hormuz role may not satisfy Trump: expert

Wall St mixed as benchmark Treasury yields reach 5%, oil takes a pause

Trump extends push for $100,000 H-1B visas by another year

US Treasury's Bessent to discuss AI, rare earths with China's He, source says

Orlando Bloom on filming intimate scene with Rooney, Kate Mara: 'It was a sincere sort of moment'

US-Iran War Live Updates: US Spends $43.6 Billion On Iran War, Over 60% Goes To Bombs, Missiles

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