Trump Administration Weighs Halting International Flights at Sanctuary City Airports 
BitGo Expands Regulated Crypto Trading Services in MENA 
US Sanctions Cuban President Miguel Diaz-Canel and Key Officials Amid Rising Tensions 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Lynas Rare Earths Names Pol Le Roux as Interim CEO Ahead of Leadership Change 
Apple Unveils Enhanced Apple Intelligence and Next-Generation Siri at WWDC 2026 
Italy’s ITA Airways Weighs Legal Action Against Pratt & Whitney Over Grounded Airbus Fleet 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Apollo Ends Pursuit of Bodycote, Withdraws £1.52 Billion Takeover Proposal 
Qualcomm Stock Gains After Jensen Huang Endorsement 
Foreign Firms Cash In on India's IPO Boom 
Los Angeles World Cup Security Plans: No ICE Immigration Enforcement at FIFA 2026 Matches, Officials Say 
US Plans Faster Military Drawdown in Europe, NATO Allies Face Greater Defense Role 
Jensen Huang Strengthens Nvidia’s South Korea Ties Amid AI Expansion 
Trump Forced Labour Tariff Plan Faces Criticism as Experts Question Effectiveness 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
oOh!media Takeover Battle Intensifies as Bain Capital Joins Competing Bids 
China has expanded its restrictions on BHP iron ore for the second time in two weeks, intensifying a prolonged contract standoff with the world's third-largest iron ore supplier. The latest directive from China Mineral Resources Group (CMRG), the state-controlled iron ore procurement body, prohibits domestic steel mills and traders from accepting delivery of Newman fines — one of BHP's most widely traded iron ore grades stored at Chinese ports — effective late next week. Affected customers have a five-business-day window to complete existing deliveries before the ban takes hold, according to multiple sources familiar with the matter who requested anonymity.
The escalating restrictions are part of a broader strategy Beijing has employed over the past six months to gain leverage in negotiations over BHP's 2026 supply contract. CMRG initially banned purchases of Jimblebar fines in September, followed by the Jinblebar product in November. Just last week, traders received guidance to reduce new purchases of Newman fines, Newman lumps, and Mac fines, though port-stored inventory was still accessible. The newest ban narrows permissible buying further, limiting transactions to existing port stocks of Newman lumps and Mac fines only.
Market anxiety is spreading rapidly. Traders are rushing to offload BHP iron ore holdings, fearing additional restrictions could render remaining grades unsellable. Portside Newman fines stockpiles reached 3.17 million tons this week — a 55% surge since October — reflecting the inventory buildup driven by the ongoing standoff. In response to supply uncertainty, benchmark April iron ore futures on the Singapore Exchange climbed more than 4% to $108.95, reaching their highest point since January.
BHP has declined to comment, and CMRG has not responded to media inquiries. As negotiations continue, the global iron ore market is watching closely for signs of resolution or further escalation between China and one of its most significant raw material suppliers.
