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Ukraine, US sign minerals deal sought by Trump

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Ukraine and the U.S. on Wednesday signed a deal heavily promoted by U.S. President Donald Trump that will give the United States preferential access to new Ukrainian minerals deals and fund investment in Ukraine’s reconstruction.

The two countries signed the accord in Washington after months of sometimes fraught negotiations, with uncertainty persisting until the last moment with word of an eleventh-hour snag, Reuters reported.

The accord establishes a joint investment fund for Ukraine’s reconstruction as Trump tries to secure a peace settlement in Russia’s three-year-old war in Ukraine.

The agreement is central to Kyiv’s efforts to mend ties with Trump and the White House, which frayed after he took office in January. Ukrainian officials have hoped that the deal would ensure continued U.S. support for Ukraine’s defence against Russia.

U.S. Treasury Secretary Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Svyrydenko were shown signing the agreement in a photo posted on X by the Treasury, which said the deal “clearly signals the Trump Administration’s commitment to a free, sovereign, prosperous Ukraine.”

Svyrydenko wrote on X that the accord provides for Washington to contribute to the fund.

“In addition to direct financial contributions, it may also provide NEW assistance – for example air defense systems for Ukraine,” she said. Washington did not directly address that suggestion.

The U.S. has been Ukraine’s single largest military donor since Russia’s 2022 invasion with aid of more than 64 billion euros ($72 billion), according to the Kiel Institute in Germany.

Before the signing, Trump repeated on Wednesday that the U.S. should get something for its aid to Kyiv, thus the effort to secure a deal for Ukraine’s plentiful deposits of rare earth minerals.

In announcing the deal, the U.S. Treasury said the partnership recognized “the significant financial and material support that the people of the United States have provided to the defense of Ukraine since Russia’s full-scale invasion.”

Svyrydenko said the accord allowed Ukraine to “determine what and where to extract” and that its subsoil remains owned by Ukraine.

Ukraine is rich in natural resources including rare earth metals which are used in consumer electronics, electric vehicles and military applications, among others. Global rare-earth mining is currently dominated by China, which is locked in a trade war with the U.S. after Trump’s sharp tariff increases.

Ukraine also has large reserves of iron, uranium and natural gas.

Svyrydenko said Ukraine has no debt obligations to the United States under the agreement, a key point in the lengthy negotiations between the two countries.

The deal also, she said, complied with Ukraine’s constitution and Ukraine’s campaign to join the European Union, key elements in Ukraine’s negotiating position.

The minerals deal and U.S. peace efforts have been negotiated separately but reflect Washington’s approach to Ukraine and Russia. Trump has upended U.S. policy by softening the U.S. stance toward Russia and sometimes falsely blaming Ukrainian President Volodymyr Zelenskiy for the war.

U.S. peace proposals have called for recognition of Russia’s claim to Crimea, which it seized from Ukraine in 2014, and potentially four other Ukrainian regions. Zelenskiy has said Kyiv would never do so because it would contravene Ukraine’s constitution.

“Importantly, the Agreement sends a signal to global partners that long-term cooperation with Ukraine – over decades – is not only possible but reliable,” Svyrydenko said on X.

A draft of the U.S.-Ukraine agreement seen by Reuters earlier on Wednesday showed Ukraine secured the removal of any requirement for it to pay back the U.S. for past military assistance, something Kyiv had staunchly opposed.

The draft did not provide any concrete U.S. security guarantees for Ukraine, one of its initial goals.

Separately, Ukraine has discussed with European allies the forming of an international force to help ensure Ukraine’s security if a peace agreement is reached with Russia.

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Saudi Aramco helicopter crash kills 14 nationals, state news agency says

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A helicopter belonging to Saudi ​oil giant Aramco crashed on Sunday ‌in Ras Tanura on Saudi Arabia’s eastern coast on the Gulf, west of the Strait of ​Hormuz, killing 14 nationals, the state ​news agency reported, adding that the ⁠cause was unknown.

Aramco had resumed crude oil loadings ​on Friday at its Ras Tanura terminal ​in the Gulf after they were halted for nearly four months, Reuters reported.

“The relevant authorities have launched a ​full investigation to determine the cause ​of the crash,” the state news agency added.

Aramco did ‌not ⁠respond immediately to an emailed request for comment.

The incident took place at 6 a.m. local time (0300 GMT), the state agency ​said, without providing ​further ⁠details.

Saudi Arabia, the world’s biggest oil exporter, has joined a rush ​to move cargoes after Middle ​East ⁠producers ramped up oil and gas output and exports ahead of an interim deal ⁠to ​halt the war between the ​United States and Iran.

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Israel, Lebanon sign initial agreement after US-mediated talks

Israeli Prime Minister Benjamin Netanyahu said the agreement allows Israeli forces to continue to occupy southern Lebanon if Hezbollah does not disarm.

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Israel and Lebanon signed a framework agreement in Washington on Friday following several days of talks to secure an end to fighting between Israel and Iran-backed Hezbollahmilitants, though ‌both sides framed the deal as an initial step, Reuters reported.

Lebanese Ambassador Nada Moawad and her Israeli counterpart Yechiel Leiter signed the trilateral document with the U.S. at the State Department in Washington, providing few details.

Israeli Prime Minister Benjamin Netanyahu said the agreement allows Israeli forces to continue to occupy southern Lebanon if Hezbollah does not disarm.

“Today we’ve taken the first step in what will be a difficult journey, without a doubt, but an important and an essential ​and a necessary one,” U.S. Secretary of State Marco Rubio said before the agreement was inked.

In a later statement he said that the U.S. would facilitate the implementation of ​the deal through a trilateral “Military Coordination Group for Lebanon” and that Washington would commit significant resources, including an immediate $100 million in humanitarian assistance in ⁠coordination with the U.N.

Rubio added that the U.S. reaffirmed its intent to improve the capabilities of the Lebanese Armed Forces “to more effectively establish sovereignty throughout Lebanese territory” with more than $30 million in funds ​under existing U.S. authorities and appropriations.

The conflict between Israel and Hezbollah broke out when the armed group fired at Israel on March 2, days after the U.S. and Israel attacked Iran. The Hezbollah ​attacks triggered Israeli air and ground attacks that have killed more than 4,000 people in Lebanon and displaced more than a million.

Lebanon’s Moawad also called it a “first step” on the road to restoring Lebanese sovereignty.

“Iran is out, Hezbollah is out, and the road to peace between Israel and Lebanon is in,” Leiter said.

Netanyahu said in a statement that the deal would also allow the Lebanese army “to begin organizing to take control of territory,” starting with ​what he described as two “pilot zones” from which Israeli troops would withdraw from land they occupied during the war.

Israel describes that territory as a “security zone” or “buffer zone” where its troops can thwart ​Hezbollah attacks on northern Israel.

Lebanese President Joseph Aoun said the agreement should allow Lebanese to return to “fully liberated” land and rebuilt homes with “no partner” in its sovereignty.

Israel’s death toll from this round of hostilities with Hezbollah ‌includes at least ⁠32 soldiers and four Israeli civilians. Hezbollah does not release figures on its war dead. Reuters reported on May 4 that several thousand Hezbollah fighters had been killed in the war.

A State Department official told Reuters on Thursday that Israel had agreed to pull back from some of the territory it has occupied, something Israeli and Lebanese officials denied.

Before the talks resumed this week, Israel and Hezbollah agreed to halt fire even as Israel kept troops in southern Lebanon.

Violence has persisted since the ceasefire, with Israel saying on Friday its troops had struck and killed what the military described as seven ​Hezbollah members who were operating near the territory ​it is occupying. Reuters could not confirm ⁠this.

“To the degree that the Lebanese army performs in dismantling and disarming Hezbollah, we will proceed with additional pilot zones and the ultimate determination of an internationally recognized, secure, and agreed upon border,” Leiter told reporters after the signing.

Hezbollah lawmaker Hassan Fadlallah said Lebanese authorities would not be ​able to enforce the agreement unless, with U.S. support, “they go to civil war,” pro-Iranian broadcaster Al Mayadeen reported, read the report.

Hezbollah would confront any measure taken ​by Lebanese authorities and ⁠would hold on to its weapons even more, adding that the group’s opposition was “serious” and would not allow authorities to implement their commitments on the ground, Fadlallah said.

Israeli forces dropped leaflets over the southern Lebanese town of Mansouri on Friday ordering residents to leave, Lebanese state media reported, the first such order issued since the latest ceasefire between Israel and Hezbollah took effect.

A senior Lebanese military ⁠official said Israel ​had recently added Mansouri to its occupation zone. The official said Lebanese farmers had continued to enter and leave ​the town, but had not been living there.

An Israeli military spokesperson said the military issued what it described as a “reminder” to the civilian population that “the area is within the security zone in which (Israeli) soldiers operate. It’s a reminder not to be ​in the area so they won’t be harmed.”

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Venezuela earthquake death toll rises to 188 as rescue efforts continue

According to officials, 138 aftershocks have been recorded since the twin 7.2- and 7.5-magnitude earthquakes struck late Wednesday, causing widespread destruction.

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The death toll from the powerful earthquakes that struck Venezuela’s northern Caribbean coast has risen to 188, authorities confirmed on Thursday, as emergency crews continue search and rescue operations.

Jorge Rodriguez, President of Venezuela’s National Assembly, said 1,520 people have been hospitalized with injuries, while 157 people remain missing. Rescue teams are still searching for more than 200 people believed to be trapped beneath collapsed buildings.

According to officials, 138 aftershocks have been recorded since the twin 7.2- and 7.5-magnitude earthquakes struck late Wednesday, causing widespread destruction.

Rodriguez said 346 infrastructure sites sustained damage, including 250 buildings, 20 shopping centers, and eight hospitals, forcing authorities to transfer patients to other medical facilities.

The Venezuelan government has announced the establishment of a $200 million emergency reconstruction fund to support the rebuilding of damaged homes, hospitals, and other critical infrastructure.

Following the disaster, Acting President Delcy Rodriguez declared a national state of emergency, while tsunami warnings were issued across parts of the Caribbean region after the powerful earthquakes.

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