0.2: Argentina is in the black for the first time since 2008. The South American country is starting Q2 with a 0.2% fiscal surplus in quarterly revenues. President Javier Milei took a victory lap and promised to continue his fiscal austerity program, causing bond valuations to jump.
2: Two former UN employees in Montreal were charged with participating in a conspiracy to sell Chinese military equipment to Libya, including large drones capable of carrying multiple missiles. The men are accused of violating sanctions related to the Libyan civil war (2014-2020) between 2018 and 2021. One of the suspects was arrested Tuesday, but the other remains at large.
80,000: The US State Department’s annual human rights assessment found that nearly 80,000 people in Gaza have been killed or injured during the Israeli offensive, amounting to some 3% of the population.
2.4 trillion: The Stockholm International Peace Research Institute found that global military expenditures reached an all-time high of $2.4 trillion, a year-over-year increase of 6.8%. The United States alone made up 37% of that spending, and with China spending another 12%, the two leading military powers cumulatively spent just under half of the world’s entire military budget.
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What is President Trump trying to achieve in Iran, and how does his strategy compare to past US interventions in the Middle East?
The US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily in oil revenues since the war began.
4: The number of crew members aboard a US refuelling plane – out of six total – who died after the aircraft crashed in neighboring Iraq on Thursday, US Central Command said this morning.