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  • MIL-OSI USA: Attorney General Bonta Signs On to $7.4 Billion Purdue Settlement

    Source: US State of California

    California will receive up to $440 million  

    OAKLAND – Attorney General Bonta today announced that 55 attorneys general, representing all eligible states and U.S. territories, agreed to sign on to a $7.4 billion settlement with Purdue Pharma L.P. and its owners, the Sackler family. The Sackler family has also informed the attorneys general of its plan to proceed with the settlement, which would resolve litigation against Purdue and the Sacklers for their role in creating the national opioid crisis. Now that the state sign-on period has concluded, local governments across the country will be asked to join the settlement contingent on bankruptcy court proceedings.   

    “The opioid epidemic has ravaged communities in California and across the country. The companies and individuals who fueled this crisis must be held accountable. With today’s announcement, the California Department of Justice is continuing to deliver results for our communities,” said Attorney General Bonta. “By holding Purdue Pharma and the Sackler family accountable for their role in fueling the opioid epidemic, we’re bringing much-needed funds for addiction treatment, prevention, and recovery to those impacted by this crisis. The California Department of Justice will continue to fight for the health and wellbeing of all Californians.”

    Under the Sacklers’ leadership, Purdue sold and aggressively marketed opioid products for decades, fueling the largest drug crisis in the nation’s history. The settlement ends the Sacklers’ control of Purdue and their ability to sell opioids in the United States. Communities across the country will directly receive funds over the next 15 years to support addiction treatment, prevention, and recovery. This settlement in principle is the nation’s largest settlement to date with individuals responsible for the opioid crisis. California’s state and local governments will receive as much as $440 million from this settlement over the next 15 years.  

    Most of the settlement funds will be distributed in the first three years. The Sacklers will pay $1.5 billion and Purdue will pay roughly $900 million in the first payment, followed by the Sacklers paying $500 million after one year, an additional $500 million after two years, and $400 million after three years. 

    Like prior opioid settlements, the settlement with Purdue and the Sacklers will involve resolution of legal claims by state and local governments. The local government sign-on and voting solicitation process for this settlement moving forward will be contingent on bankruptcy court approval. A hearing is scheduled on that matter in the coming days. 

    The settlement also reflects the end of the Sacklers’ control of Purdue and bars them from selling opioids in the United States. A board of trustees selected by participating states in consultation with the other creditors will determine the future of the company. Purdue will continue to be overseen by a monitor and will be prevented from lobbying or marketing opioids under the settlement. 

    Including the Purdue/Sackler settlement, California has obtained settlements committing up to $4.6 billion in funds from companies that helped fuel the opioid epidemic.  

    Attorney General Bonta is joined in securing this settlement in principle by the attorneys general of Alabama, Alaska, American Samoa, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Northern Mariana Islands, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, U.S. Virgin Islands, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    MIL OSI USA News –

  • MIL-OSI USA: Representative Smith statement on Trump’s Withdrawal from the Resilient Columbia Basin Agreement

    Source: United States House of Representatives – Congressman Adam Smith (9th District of Washington)

    SEATTLE, WA. –  Today, Representative Adam Smith (D-Wash.) released the following statement after the Trump Administration announced a withdrawal from the historic agreement between the federal government and the Six Sovereigns – the Nez Perce Tribe, Confederated Tribes and Bands of the Yakama Nation, Confederated Tribes of Umatilla Indian Reservation, and Confederated Tribes of Warm Springs Reservation, Washington State, and Oregon State – regarding the Columbia-Snake River system. 

    “President Trump has taken a crude axe to environmental conservation, modernized infrastructure, salmon recovery, and clean energy generation by abandoning the historic Resilient Columbia River Basin Agreement.  

    “This agreement paused decades of litigation and charted a desperately needed path forward for the Columbia River Basin. The Trump Administration’s reckless decision today sets the Pacific Northwest back tremendously and undermines our relationship with Tribal nations.  

    “Now, we must find a new path forward that ensures a future for the salmon, expands our reliable clean energy grid, and protects the irreplaceable environment of the Pacific Northwest.” 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General James Announces Every State Has Joined $7.4 Billion Settlement with Purdue Pharma and the Sackler Family

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James today announced that 55 attorneys general, representing all eligible states and U.S. territories, agreed to a $7.4 billion settlement in principle with Purdue Pharma and its owners, the Sackler family for their instrumental role in creating the opioid crisis. Attorney General James secured the settlement in principle in January, which will end the Sacklers’ control of Purdue and ability to sell opioids in the United States, and will deliver funding directly to communities across the country over the next 15 years to support opioid addiction treatment, prevention, and recovery programs. New York will receive up to $250 million for opioid abatement efforts throughout the state.

    “I am proud to have helped secure the support of every state and territory in the country for this plan to hold the Sackler family accountable,” Attorney General James. “For decades, the Sacklers put profits over people, and played a leading role in fueling the epidemic of opioid addictions and overdoses. While no amount of money can fully heal the destruction they caused, these funds will save lives and help our communities fight back against the opioid crisis. I will continue to work to deliver justice for all those affected by opioid addiction.”

    Purdue, under the Sacklers’ leadership, invented, manufactured, and aggressively marketed opioid products for decades, fueling waves of addiction and overdose deaths across the country. Communities throughout New York have been hit particularly hard. While opioid overdose deaths have declined, more than 5,000 New Yorkers died from an opioid overdose in 2023. 

    Communities across the country will directly receive settlement funds over the next 15 years to support addiction treatment, prevention, and recovery. If approved, the settlement will deliver funds to the participating states, local governments, affected individuals, and other parties who have previously sued the Sacklers or Purdue. The Sacklers will pay $1.5 billion and Purdue will pay roughly $900 million in the first payment, expected in early 2026 pending settlement approval. Subsequent payments will be $500 million after one year, an additional $500 million after two years, and $400 million after three years. New York will receive up to $250 million total.

    Like prior opioid settlements, this settlement requires resolution of legal claims by state and local governments. The local government sign-on process for this settlement will be contingent on bankruptcy court approval.

    With the addition of up to $250 million from this settlement, Attorney General James has secured New York state more than $3 billion from opioid manufacturers and distributors for their role in the opioid epidemic. These include Mylan, Indivior, Amneal Pharmaceuticals, Hikma Pharmaceuticals, Teva Pharmaceuticals, Johnson & Johnson, Mallinckrodt, Allergan, Endo, McKesson, Cardinal Health, and Amerisource Bergen. Attorney General James has also led multistate coalitions in reaching settlements for billions of dollars with CVS, Walgreens, and Walmart for their roles in failing to properly regulate opioid prescriptions. Additionally, Attorney General James, co-led with a bipartisan coalition of states in securing settlements with consulting firm McKinsey & Company and the marketing firm Publicis Health for their role in fueling the opioid crisis. 

    Joining Attorney General James in this settlement in principle are the attorneys general of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, American Samoa, the District of Columbia, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.

    This matter was handled for New York by First Deputy Attorney General Jennifer Levy, Senior Advisor and Special Counsel M. Umair Khan, Special Counsel David Nachman, Special Counsel Andrew Amer, Assistant Attorney General and Special Assistant to the First Deputy Gina Bull, Special Counsel for Complex Litigation Colleen Faherty, with the support of all of the Executive Division, along with Senior Advisor to the Criminal Division Gary Fishman, former Special Counsel Eric Haren, Civil Recoveries Section Chief Martin Mooney, Assistant Attorney General Noah Popp of the Consumer Frauds Bureau, Assistant Attorney General Robert Rock of Civil Recoveries, Assistant Attorneys General Jennifer Simcovitch and Eve Wooden of the Health Care Bureau, and the indispensable contributions of the Research and Analytics Department, including the work of the Director of Research and Analytics Victoria Khan, Data Scientists Ken Morales and Blake Rubey, and Paige Podolny, Kristin Petrella, Hewson Chen, and Darlene Eng of the Practice Technologies Group, and Legal Support Analyst Labiba Hasan.

    MIL OSI USA News –

  • MIL-OSI Security: Wolf Point Man Pleads Guilty to Assault on Fort Peck Indian Reservation

    Source: US FBI

    GREAT FALLS – A Wolf Point man accused of stabbing another individual on the Fort Peck Indian Reservation admitted to charges today, U.S. Attorney Kurt Alme said.

    The defendant, Andy Kane Follet, 20, pleaded guilty to assault with a dangerous weapon. Follet faces 10 years of imprisonment, a $250,000 fine, and 3 years of supervised release.

    Chief U.S. District Judge Brian M. Morris presided and will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. Sentencing is set for October 22, 2025. Follet was detained pending further proceedings.

    The government alleged in court documents that on January 27, 2024, the defendant, Andy Kane Follet, and several friends, including co-defendants and the victim, John Doe, were in a yard in Wolf Point, Montana, playing a game of “slap-boxing.” The fighting escalated and the group broke up – Follet and his co-defendants returned to the Follet home. Shortly after they returned to the home, Doe approached the house demanding to get his phone back. Follet and his co-defendants exited the home and confronted Doe in the driveway.

    Several people witnessed the assault. One witness described seeing Follet and co-defendants hitting John Doe. The witness described seeing one person hit Doe with a bat, then the other two started hitting Doe as well, with one of them using a hammer. Another witness went outside after hearing a commotion. He saw Follet and his co-defendants approaching Doe while he backed away. The witness described the three then “jumping” Doe.

    One co-defendant hit Doe repeatedly in the head with a hammer. As Doe was trying to get up Follet stabbed Doe in the chest. In an interview with law enforcement, Follet said he thought Doe was wearing enough layers of clothes that he could not be injured by the knife. He also said Doe had cut him with a knife and that if didn’t do anything (after he was stabbed), his whole family would make fun of him. None of the independent witnesses reported Doe having a knife. The only knife found at the scene around Doe’s body was located in Doe’s pocket. A large knife with apparent blood was later located hidden in a hole in a wall of Follet’s home.

    Doe died at the scene before law enforcement could arrive. According to an autopsy, Doe died from blunt and sharp force injuries to the head and chest. The stab wound to the chest consisted of a 6-inch penetration that perforated Doe’s sternum, heart, and esophagus.

    The U.S. Attorney’s Office prosecuted the case. The FBI, Fort Peck Tribes Department of Law and Justice, Wolf Point Police Department, and State of Montana Division of Criminal Investigation conducted the investigation.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit Justice.gov/PSN.

    MIL Security OSI –

  • Iran-Israel conflict escalates into fourth day with rising civilian toll

    Source: Government of India

    Source: Government of India (4)

    The ongoing conflict between Iran and Israel intensified on Monday, marking its fourth day of relentless military exchanges, with both nations escalating their campaigns as civilian casualties mount. What began as Israeli preemptive strikes on Friday has spiraled into a sustained barrage of missiles and airstrikes, showing no immediate signs of de-escalation.

    According to Iran’s Health Ministry, at least 224 people, predominantly civilians, have been killed since the conflict erupted, with many deaths attributed to Israeli airstrikes targeting military and infrastructure sites. In Israel, the death toll has reached over 20, with more than 300 injured as the conflict reaches unprecedented intensity.

    On Sunday night and into Monday, Iranian forces launched a fresh wave of missile and drone attacks targeting civilian areas in Tel Aviv, Haifa, and Petah Tikva, killing at least eight Israelis and injuring dozens. Israel retaliated with extensive airstrikes on Iranian military, nuclear, and energy facilities, including targets in Tehran. Prime Minister Benjamin Netanyahu claimed the Israeli Air Force had achieved “complete operational freedom” over Iranian airspace, striking key command centers, such as those of the Islamic Revolutionary Guard Corps’ Quds Force.

    The Israel Defense Forces (IDF) reported significant tactical gains, stating they had destroyed approximately 120 of Iran’s missile launchers—about one-third of its stockpile—over the four-day conflict. On Monday morning, Israeli forces intercepted weapons shipments, including trucks carrying surface-to-air missile launchers headed toward Tehran. On Sunday evening, Israeli jets destroyed over 20 surface-to-surface missiles before they could be launched, with around 50 aircraft striking 100 military targets in Isfahan, central Iran.

    Both nations’ leaders have adopted increasingly defiant stances. Israel’s Defense Minister warned that Tehran’s population would “pay the price” for continued attacks, while Iran’s president called for national unity against what he described as Israel’s “genocidal aggression.”

    The international community has expressed growing alarm over the conflict’s potential to destabilize West Asia. The G7 summit in Canada has prioritized the crisis, with leaders warning of the risk of a broader regional war. Diplomatic efforts, however, have stalled, as Iran refuses to negotiate under active attack. Russia has offered to mediate, but neither side has shown willingness to accept third-party intervention.

    Nuclear concerns have further complicated the situation. The International Atomic Energy Agency’s Rafael Grossi confirmed no damage to Iran’s Fordow fuel enrichment plant or the Khondab heavy water reactor site, despite Israeli strikes on nuclear facilities. However, Iranian parliamentarians are reportedly drafting legislation that could lead to Iran’s withdrawal from the Nuclear Non-Proliferation Treaty, a move that would significantly heighten global tensions.

  • MIL-OSI: Equiniti (EQ) Appoints Brian O’Neill as Chief Operating Officer of Shareholder Services

    Source: GlobeNewswire (MIL-OSI)

    Global operations leader to drive transformation, standardize delivery, and advance innovation across Equiniti Shareholder Services

    Announcement Highlights:

    • Brian O’Neill joins Equiniti as Chief Operating Officer of Shareholder Services, reporting to CEO Dan Kramer.
    • He will lead global operations, including client delivery and call centers, with a focus on standardization, efficiency, and transformation.

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — Equiniti (EQ)1, a global leader in shareholder services, is pleased to announce the appointment of Brian O’Neill as Chief Operating Officer of Shareholder Services, effective today. In this role, he will report to Dan Kramer, who leads the division as Chief Executive Officer, and will join the Shareholder Services Operating Committee.

    As COO, O’Neill will have global responsibility for Shareholder Services and the company’s Client Experience Centers (CEC).

    A seasoned global executive, O’Neill brings a proven track record of scaling businesses, leading operational transformations, and driving revenue growth. Most recently, he served as Chief Client Officer at Numerated, which was successfully acquired by Moody’s earlier this year. He has also held senior leadership positions at major financial institutions including FIS.

    “Brian’s appointment marks an important step forward as we strengthen our global operating model and deliver consistent, high-quality service to clients and shareholders worldwide,” said Dan Kramer, CEO of Equiniti Shareholder Services. “He brings deep industry experience and a sharp focus on operational excellence, transformation and client experience. These qualities will help position Equiniti for continued growth and innovation.”

    Brian O’Neill’s mandate includes optimizing the client and shareholder experience, standardizing global delivery practices across Shareholder Services operations and the CEC, and optimizing operational performance. He will also lead the company’s global operations strategy and transformation initiatives.

    His appointment underscores Equiniti’s commitment to delivering integrated, tech-enabled shareholder services with efficiency, consistency and scale.

    About EQ

    EQ helps companies better understand and manage the ownership of their business through every stage of the corporate lifecycle. As trusted advisors, we provide strategic insight and operational expertise across our core services—Transfer Agent Services, Employee Plan Solutions, Ownership Intelligence, Proxy Management and Advisory and Private Company Solutions. Globally, EQ supports 2,200 global issuer clients and 20 million shareholders with operations in the UK, U.S., and India. Learn more at equiniti.com/global.

    1. Armor Holding II, LLC and Orbit Private Holdings I Limited (together, EQ)

    Media Contact:

    Nicholas Ledford
    Director of Communications, EQ
    Nicholas.ledford@equiniti.com

    The MIL Network –

  • MIL-OSI: Equiniti (EQ) Appoints Brian O’Neill as Chief Operating Officer of Shareholder Services

    Source: GlobeNewswire (MIL-OSI)

    Global operations leader to drive transformation, standardize delivery, and advance innovation across Equiniti Shareholder Services

    Announcement Highlights:

    • Brian O’Neill joins Equiniti as Chief Operating Officer of Shareholder Services, reporting to CEO Dan Kramer.
    • He will lead global operations, including client delivery and call centers, with a focus on standardization, efficiency, and transformation.

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — Equiniti (EQ)1, a global leader in shareholder services, is pleased to announce the appointment of Brian O’Neill as Chief Operating Officer of Shareholder Services, effective today. In this role, he will report to Dan Kramer, who leads the division as Chief Executive Officer, and will join the Shareholder Services Operating Committee.

    As COO, O’Neill will have global responsibility for Shareholder Services and the company’s Client Experience Centers (CEC).

    A seasoned global executive, O’Neill brings a proven track record of scaling businesses, leading operational transformations, and driving revenue growth. Most recently, he served as Chief Client Officer at Numerated, which was successfully acquired by Moody’s earlier this year. He has also held senior leadership positions at major financial institutions including FIS.

    “Brian’s appointment marks an important step forward as we strengthen our global operating model and deliver consistent, high-quality service to clients and shareholders worldwide,” said Dan Kramer, CEO of Equiniti Shareholder Services. “He brings deep industry experience and a sharp focus on operational excellence, transformation and client experience. These qualities will help position Equiniti for continued growth and innovation.”

    Brian O’Neill’s mandate includes optimizing the client and shareholder experience, standardizing global delivery practices across Shareholder Services operations and the CEC, and optimizing operational performance. He will also lead the company’s global operations strategy and transformation initiatives.

    His appointment underscores Equiniti’s commitment to delivering integrated, tech-enabled shareholder services with efficiency, consistency and scale.

    About EQ

    EQ helps companies better understand and manage the ownership of their business through every stage of the corporate lifecycle. As trusted advisors, we provide strategic insight and operational expertise across our core services—Transfer Agent Services, Employee Plan Solutions, Ownership Intelligence, Proxy Management and Advisory and Private Company Solutions. Globally, EQ supports 2,200 global issuer clients and 20 million shareholders with operations in the UK, U.S., and India. Learn more at equiniti.com/global.

    1. Armor Holding II, LLC and Orbit Private Holdings I Limited (together, EQ)

    Media Contact:

    Nicholas Ledford
    Director of Communications, EQ
    Nicholas.ledford@equiniti.com

    The MIL Network –

  • TRAI partners with RBI and banks for pilot project to enhance digital consent management

    Source: Government of India

    Source: Government of India (4)

    The Telecom Regulatory Authority of India (TRAI) on Monday has launched a pioneering pilot project in collaboration with the Reserve Bank of India (RBI) and select banks to tackle the persistent issue of spam calls and messages. Announced on June 16, by the Press Information Bureau (PIB), this initiative aims to establish a robust digital consent management system under the Telecom Commercial Communications Customer Preference Regulations (TCCCPR), 2018.

    TRAI has noted a surge in consumer complaints about unsolicited commercial communications from businesses claiming prior consent. Often, these consents are obtained through offline or unverifiable methods, raising concerns about misrepresentation, deception, or unauthorized data sharing. To address this, TRAI has introduced a framework requiring businesses to acquire and register consumer consent digitally in a secure, interoperable registry maintained by Telecom Service Providers (TSPs).

    The pilot project, launched under a Regulatory Sandbox framework, prioritizes the banking sector due to the sensitivity of financial transactions and the prevalence of spam-related fraud. On June 13, 2025, TRAI issued a directive to all TSPs, mandating their collaboration with banks to test the Consent Registration Function (CRF). This initiative will validate the operational, technical, and regulatory aspects of the system, paving the way for a nationwide rollout across various sectors.

    TRAI’s efforts build on previous measures to curb spam, including enabling complaint registration against unregistered telemarketers (UTMs) without prior Do Not Disturb (DND) registration and disconnecting telecom resources misused for spamming. The new digital consent framework aims to enhance transparency and verifiability, ensuring only legitimate communications reach consumers.

  • TRAI partners with RBI and banks for pilot project to enhance digital consent management

    Source: Government of India

    Source: Government of India (4)

    The Telecom Regulatory Authority of India (TRAI) on Monday has launched a pioneering pilot project in collaboration with the Reserve Bank of India (RBI) and select banks to tackle the persistent issue of spam calls and messages. Announced on June 16, by the Press Information Bureau (PIB), this initiative aims to establish a robust digital consent management system under the Telecom Commercial Communications Customer Preference Regulations (TCCCPR), 2018.

    TRAI has noted a surge in consumer complaints about unsolicited commercial communications from businesses claiming prior consent. Often, these consents are obtained through offline or unverifiable methods, raising concerns about misrepresentation, deception, or unauthorized data sharing. To address this, TRAI has introduced a framework requiring businesses to acquire and register consumer consent digitally in a secure, interoperable registry maintained by Telecom Service Providers (TSPs).

    The pilot project, launched under a Regulatory Sandbox framework, prioritizes the banking sector due to the sensitivity of financial transactions and the prevalence of spam-related fraud. On June 13, 2025, TRAI issued a directive to all TSPs, mandating their collaboration with banks to test the Consent Registration Function (CRF). This initiative will validate the operational, technical, and regulatory aspects of the system, paving the way for a nationwide rollout across various sectors.

    TRAI’s efforts build on previous measures to curb spam, including enabling complaint registration against unregistered telemarketers (UTMs) without prior Do Not Disturb (DND) registration and disconnecting telecom resources misused for spamming. The new digital consent framework aims to enhance transparency and verifiability, ensuring only legitimate communications reach consumers.

  • MIL-OSI Banking: Samsung Debuts New Hotel TV Lineup at HITEC 2025 to Elevate the Connected Guest Journey

    Source: Samsung

    Samsung Electronics will showcase its upcoming 2025 Hospitality (HTV) lineup at the 2025 Hospitality Industry Technology Exposition and Conference (HITEC®), the world’s largest, longest-running hospitality technology event, in Indianapolis. At booth #4215, attendees can discover Samsung’s new generation of HTVs designed to empower hotel owners with dynamic management tools while providing guests with effortless streaming and seamless connectivity options.
    “Today’s travelers are no longer just looking for a room, they’re seeking personalized experiences that feel thoughtfully designed and engaging,” said Sara Grofcsik, Head of Sales, Samsung Electronics America. “Samsung is helping hotels meet these expectations by providing a connected ecosystem of in-room displays, entertainment options and intuitive content management tools that make it easy to create memorable guest journeys from check-in to check-out.”

    Premium picture, design and guest entertainment
    Samsung’s latest in-room HTVs deliver premium picture quality, modern design and intuitive features that elevate hotel stays. The 2025 lineup includes:

    HU8000F: Powered by Samsung’s Crystal Processor 4K, HDR10+, and Dynamic Crystal Color, the HU8000F HTV immerses guests in one billion shades of color with lifelike clarity and detail. Its sleek AirSlim design creates an elegant, nearly bezel-free look that complements any hotel space. The HU8000F also features adaptive sound technology, which provides real-time audio scene analysis and quality optimizations for any programming. (Available in 43-, 50-, 55-, 65-, 75- and 85-inch sizes)
    HU6000F: With Samsung’s Crystal Processor 4K, the ultra-high-definition HU6000F HTV automatically adjusts image brightness and contrast to optimal levels in every frame, allowing guests to enjoy their favorite content as it was meant to be viewed. The slim, bezel-less HTV adds comfort and sophistication to hotel rooms. (Available in 43-, 50-, 55-, 65-, and 75-inch sizes)
    HU701F: Designed for flexibility, the HU701F HTV delivers the same ultra-high-definition picture quality as the HU8000F and HU6000 models, paired with an innovative, ergonomic form factor. The slim, bezel-less HTV sits on an adjustable swivel stand that rotates 360 degrees for easy viewing from any angle. This rotating center stand makes the HU701F ideal for multi-room suites, allowing guests to enjoy a single HTV as they move throughout the suite. (Available in 43-, 50-, 55-, 65-, and 75-inch sizes)

    Attendees can also discover how Samsung’s award-winning The Frame (model name HL03F) transforms hotel interiors with stunning 4K QLED picture quality. Blending technology and art, The Frame features an innovative Art Mode that allows hotel managers to customize guest rooms by displaying curated collections of modern or classic artwork—or even tailored visuals such as hotel-branded imagery—when the TV is not in use. The Anti-Reflection Matte Display minimizes light interference for a gallery-like effect, while the Slim-Fit Wall Mount allows the TV to sit flush against the wall, serving as a true art piece.
    Hotel-ready features and integrated hospitality solutions
    Together with The Frame, Samsung’s new HU8000F and HU701F models expand guest entertainment options by adding Disney+ and Prime Video to the existing portfolio of OTT apps like Netflix and Samsung TV Plus. Guests can easily access these apps through the intuitive on-screen Smart Hub and enjoy a wide variety of streaming content during their stay.
    Samsung’s hospitality solutions also help hotels unlock new operational efficiencies and revenue streams. Samsung LYNK Cloud provides centralized remote management and actionable business insights, streamlining global hospitality operations while driving incremental revenue through targeted promotions. With the Visual eXperience Transformation (VXT) platform, operators can create, manage, and distribute content across all displays in a connected ecosystem. IoT connectivity through SmartThings Pro and the Multi-Code Remote further enable staff to personalize in-room experiences and ensure interference-free control, enhancing both convenience and guest satisfaction.
    Samsung will offer booth demonstrations showcasing how SmartThings Pro enables guests to control their hotel room temperature, lighting, shades and more using one central device.

    For hotels currently using the HBU8000, a software update will soon be available to enable Google Cast without interrupting service.1 Major properties participated in a successful pilot of this upgrade, and have recently selected Samsung LYNK Cloud as their preferred solution. These locations underwent simultaneous software updates of devices, demonstrating the scalability and reliability of the solution.
    Included in the streaming options is Apple AirPlay. Through casting solutions like AirPlay, Google Cast and OTT integration, Samsung HTVs deliver seamless viewing options and an optimized solution that enhances the overall guest experience.
    Samsung HTVs are also built with practical features tailored for hotel environments, including RJ12 connectors, bathroom speaker support and LAN out ports. Powered by the intuitive and secure Tizen platform, the latest lineup offers smooth navigation, enterprise-grade protection with Samsung Knox and flexible connectivity through multiple HDMI and USB ports.
    Samsung’s systems integrators create connected guest experience
    Within Samsung’s booth at HITEC, attendees will find hospitality solutions from leading system integrators including GuestTek, Moviebeam, Enseco, WorldVue and Sonifi. These partners will demonstrate how Samsung hospitality displays seamlessly connect with their dynamic platforms to create more personalized guest experiences and drive operational efficiency across the industry.
    Additional system integrators in Samsung’s booth include MCOMS, Uniguest and Allbridge.

    Samsung offers special savings this summer
    To kick off the summer travel season, Samsung is running special promotions in June and July on select displays. Hotel brands of all sizes can outfit their properties with displays, in key locations such as lobbies, restaurants, spas and guest rooms.
    Throughout the month of June, Samsung is offering up to $1,000 off its 105-inch 5K UHD Smart Signage and up to $500 off the Color E-Paper display. Additionally, Samsung is offering up to $400 off its LCD Video Walls, which create a virtually seamless large-format viewing experience to elevate any business setting, and up to $280 off the Samsung Kiosk, which meets the demands of any high-traffic self-service environment. Hotel owners can enjoy up to $200 off Samsung Pro TVs — which range from 43- to 85-inches — to match the screen size requirements of any location.
    From now until the end of July, customers can also take advantage of the buy one WAF Interactive Display, get one Samsung Pro TV free promotion.
    Samsung’s new lineup of HTVs will be available for early order starting at HITEC 2025. For more information about Samsung’s hospitality solutions, please visit www.samsung.com.

    MIL OSI Global Banks –

  • MIL-OSI Global: Iran-Israel ‘threshold war’ has rewritten nuclear escalation rules

    Source: The Conversation – Global Perspectives – By Farah N. Jan, Senior Lecturer in International Relations, University of Pennsylvania

    Smoke rises from locations targeted in Tehran amid the third day of Israel’s waves of strikes against Iran, on June 15, 2025. Photo by Khoshiran/Middle East Images/AFP via Getty Images

    Israel’s conflict with Iran represents far more than another Middle Eastern crisis – it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.

    What began with Israeli strikes on Iranian nuclear facilities and other targets on June 13, 2025 has now spiraled into the world’s first full-scale example of what I as an expert in nuclear security call a “threshold war” – a new and terrifying form of conflict where a nuclear weapons power seeks to use force to prevent an enemy on the verge of nuclearization from making that jump. As missiles continue to rain down on both Tehran and Tel Aviv – with hundreds dead in Iran and at least 24 killed in Israel – the international community is witnessing the collapse of traditional deterrence frameworks in real time.

    Unlike traditional nuclear rivalries where both sides possess declared arsenals – like India and Pakistan, who despite their tensions operate under mutual deterrence – this new threshold dynamic creates an inherently unstable escalation spiral. Iran increasingly believes it cannot deter Israeli aggression without nuclear weapons, yet every step toward acquiring them invites more aggressive Israeli strikes. Israel, for its part, cannot permanently eliminate Iran’s nuclear knowledge through military means – it can only delay it through means that would seemingly guarantee future Iranian determination to acquire the ultimate deterrent.

    Under this dynamic, neither side can step back without accepting an intolerable outcome: for Israel, an Iran more determined than even in becoming a nuclear weapons nation capable of deterring Israeli action and ending its regional military dominance; for Iran, the risk of regime change through devastating Israeli strikes. The consequences of this deadly logic extend far beyond the Middle East.

    Flames rise from an oil storage facility after it appeared to have been hit by an Israeli strike in Tehran, Iran, on June 15, 2025.
    AP Photo/Vahid Salemi

    The preventive strike precedent

    The stakes could not be higher, as Iranian officials have called the attack “a declaration of war” and vowed that destroyed nuclear facilities “would be rebuilt.” Israel, meanwhile has warned its campaign will continue “for as many days as it takes.”

    Most ominously, the scheduled nuclear talks between the U.S. and Iran were called off, with Tehran dismissing any such dialogue as “meaningless.” This may suggest diplomacy’s window – which opened for just a few months under Trump’s second administration, after being closed during his first – was deliberately slammed shut.

    More broadly, the Israeli strikes mark a dangerous evolution in international norms around preventive warfare. While Israeli officials called this a “preemptive strike,” the legal and strategic reality is different. Preemptive strikes respond to imminent threats – like Israel’s 1967 Six-Day War against Arab armies preparing to attack. Preventive strikes, by contrast, target distant future threats when conditions seem favorable – like Japan’s attack on Pearl Harbor in 1941.

    Israel justified its action by claiming Iran could rapidly assemble up to 15 nuclear bombs. Yet, as the International Atomic Energy Agency director, Rafael Grossi, warned beforehand, an Israeli strike could solidify rather than deter Iran’s nuclear ambitions, potentially prompting withdrawal from the Nuclear Non-Proliferation Treaty. True to that warning, on June 16, Iran announced it was preparing a parliamentary bill that would see the country leave the 1968 treaty.

    Israel’s calculations in opting to strike build on the same erosion of international legal frameworks that has legitimized preemptive warfare since the United States’ military action in Afghanistan and Iraq after the Sept. 11, 2001 attack. America’s “war on terror” fundamentally challenged sovereignty norms through practices like drone strikes and preemptive attacks. More recently, operations in Gaza and elsewhere have demonstrated that violations of international humanitarian law carry limited consequences in practice. For Israel, this permissive environment has seemingly created both opportunity and justification regarding striking Iran – something that Prime Minister Benjamin Netanyahu has been pursuing for decades.

    Already, Russia’s attacks on Ukraine’s Zaporizhzhia nuclear plant demonstrated nuclear facilities’ vulnerability in modern warfare. I believe Israel’s actions further risk normalizing attacks on nuclear infrastructure, potentially legitimizing similar preventive actions by India, China or the U.S. against emerging nuclear programs elsewhere.

    From strikes to regional conflagration

    Israel’s initial strike quickly triggered inevitable escalation. Iran’s retaliation came in waves: first hundreds of drones and missiles on June 13, then sustained barrages throughout the following days. By the morning of June 15, both countries were trading strikes on energy infrastructure, military bases and civilian areas, with no immediate end in sight.

    The Houthis in Yemen have since joined the fight, by launching ballistic missiles at Tel Aviv. Notably absent are Hezbollah, Hamas and Iran’s Iraqi militias – all significantly damaged by recent action by Israel. This degradation of Iran’s “axis of resistance” – its traditional forward deterrent – fundamentally alters Tehran’s strategic calculations. Without strong proxies to threaten retaliation, Iran is more exposed to Israeli strikes, making nuclear weapons seem like the only reliable deterrent against future attacks.

    The escalation pattern illustrates what can happen when when a government casts aggression as prevention. Having initiated the recent escalation of hostilities, Israel now faces the consequences. Iranian President Masoud Pezeshkian’s vow that destroyed facilities “would be rebuilt” underscores that Israeli action designed to prevent nuclearization may instead result in Iran pursuing it with renewed determination.

    The commitment trap

    This creates what strategists call the “commitment trap” – a dynamic where both sides face escalating costs but cannot back down. Israel faces its own strategic dilemma. The strikes may ultimately accelerate rather than prevent Iranian nuclearization, yet backing down would mean accepting a nuclear Iran. Netanyahu’s promise that current strikes are “nothing compared to what they will feel in coming days” shows how quickly strikes sold as preventative escalate toward total war.

    Missiles fired from Iran are pictured in the night sky over Jerusalem on June 14, 2025.
    Photo by Menahem Kahana/AFP via Getty Images

    Unlike established nuclear powers that can negotiate from positions of strength, threshold states, such as Iran, face a stark choice: remain vulnerable to preventive strikes and regime change or race toward the protection that nuclear deterrence provides.

    North Korea offers the clearest example of this dynamic. Despite decades of sanctions and military threats, Pyongyang’s nuclear program has made it essentially immune to preventive strikes. Iranian leaders understand this lesson well – the question is whether they can reach the same protected status before suffering decisive preventive action.

    Traditional nuclear deterrence theory assumes rational actors operating under mutual vulnerability. But threshold wars break these assumptions in fundamental ways. Iran cannot fully deter Israeli action because it lacks confirmed weapons, while Israel cannot rely on deterrence to prevent Iranian weaponization because Iran’s nuclear program continues advancing.

    This creates “use it or lose it” dynamics: Israel faces shrinking windows to act preventively as Iran approaches weaponization; Iran faces incentives to accelerate its program before suffering additional strikes.

    The absence of effective external mediation compounds these risks. U.S. President Donald Trump’s response to the strikes reveals this dynamic starkly. Initially opposing military action and preferring diplomacy to “bombing the hell out of” Iran, Trump pivoted dramatically after the strikes began, and warned that “there’s more to come. A lot more.”

    His post on Truth Social – “Two months ago I gave Iran a 60-day ultimatum to ‘make a deal.’ They should have done it!” – demonstrates how quickly diplomatic efforts can collapse once threshold wars begin.

    Global implication

    The international response reveals how thoroughly Israel’s Operation Rising Lion has normalized aggression against nuclear facilities. While European leaders called for “maximum restraint,” none condemned Israel’s initial attacks. Russia and China condemned the attacks but took no concrete action. The U.N. Security Council produced only statements of “concern” about “escalation.”

    This normalization sets what I believe to be a catastrophic precedent. The threshold war model threatens to unravel decades of nuclear governance based on deterrence rather than preemption.

    Indeed, the Iran-Israel threshold war sets dangerous precedents for other regional nuclear competitions. Successful preventive strikes could incentivize similar actions elsewhere, eroding diplomatic nonproliferation efforts. Conversely, rapid nuclearization by Iran could encourage other threshold states, like Saudi Arabia, to pursue nuclear capabilities swiftly and secretly.

    When preventive strikes become the enforcement mechanism for nonproliferation norms, the entire architecture of nuclear governance begins to crumble. Without these frameworks, the world faces an unstable future defined by cycles of preventive strikes and accelerated nuclear proliferation – far more dangerous than the Cold War-era standoffs that shaped nuclear governance.

    Farah N. Jan does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Iran-Israel ‘threshold war’ has rewritten nuclear escalation rules – https://theconversation.com/iran-israel-threshold-war-has-rewritten-nuclear-escalation-rules-258965

    MIL OSI – Global Reports –

  • MIL-OSI Global: Iran-Israel ‘threshold war’ has rewritten nuclear escalation rules

    Source: The Conversation – Global Perspectives – By Farah N. Jan, Senior Lecturer in International Relations, University of Pennsylvania

    Smoke rises from locations targeted in Tehran amid the third day of Israel’s waves of strikes against Iran, on June 15, 2025. Photo by Khoshiran/Middle East Images/AFP via Getty Images

    Israel’s conflict with Iran represents far more than another Middle Eastern crisis – it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.

    What began with Israeli strikes on Iranian nuclear facilities and other targets on June 13, 2025 has now spiraled into the world’s first full-scale example of what I as an expert in nuclear security call a “threshold war” – a new and terrifying form of conflict where a nuclear weapons power seeks to use force to prevent an enemy on the verge of nuclearization from making that jump. As missiles continue to rain down on both Tehran and Tel Aviv – with hundreds dead in Iran and at least 24 killed in Israel – the international community is witnessing the collapse of traditional deterrence frameworks in real time.

    Unlike traditional nuclear rivalries where both sides possess declared arsenals – like India and Pakistan, who despite their tensions operate under mutual deterrence – this new threshold dynamic creates an inherently unstable escalation spiral. Iran increasingly believes it cannot deter Israeli aggression without nuclear weapons, yet every step toward acquiring them invites more aggressive Israeli strikes. Israel, for its part, cannot permanently eliminate Iran’s nuclear knowledge through military means – it can only delay it through means that would seemingly guarantee future Iranian determination to acquire the ultimate deterrent.

    Under this dynamic, neither side can step back without accepting an intolerable outcome: for Israel, an Iran more determined than even in becoming a nuclear weapons nation capable of deterring Israeli action and ending its regional military dominance; for Iran, the risk of regime change through devastating Israeli strikes. The consequences of this deadly logic extend far beyond the Middle East.

    Flames rise from an oil storage facility after it appeared to have been hit by an Israeli strike in Tehran, Iran, on June 15, 2025.
    AP Photo/Vahid Salemi

    The preventive strike precedent

    The stakes could not be higher, as Iranian officials have called the attack “a declaration of war” and vowed that destroyed nuclear facilities “would be rebuilt.” Israel, meanwhile has warned its campaign will continue “for as many days as it takes.”

    Most ominously, the scheduled nuclear talks between the U.S. and Iran were called off, with Tehran dismissing any such dialogue as “meaningless.” This may suggest diplomacy’s window – which opened for just a few months under Trump’s second administration, after being closed during his first – was deliberately slammed shut.

    More broadly, the Israeli strikes mark a dangerous evolution in international norms around preventive warfare. While Israeli officials called this a “preemptive strike,” the legal and strategic reality is different. Preemptive strikes respond to imminent threats – like Israel’s 1967 Six-Day War against Arab armies preparing to attack. Preventive strikes, by contrast, target distant future threats when conditions seem favorable – like Japan’s attack on Pearl Harbor in 1941.

    Israel justified its action by claiming Iran could rapidly assemble up to 15 nuclear bombs. Yet, as the International Atomic Energy Agency director, Rafael Grossi, warned beforehand, an Israeli strike could solidify rather than deter Iran’s nuclear ambitions, potentially prompting withdrawal from the Nuclear Non-Proliferation Treaty. True to that warning, on June 16, Iran announced it was preparing a parliamentary bill that would see the country leave the 1968 treaty.

    Israel’s calculations in opting to strike build on the same erosion of international legal frameworks that has legitimized preemptive warfare since the United States’ military action in Afghanistan and Iraq after the Sept. 11, 2001 attack. America’s “war on terror” fundamentally challenged sovereignty norms through practices like drone strikes and preemptive attacks. More recently, operations in Gaza and elsewhere have demonstrated that violations of international humanitarian law carry limited consequences in practice. For Israel, this permissive environment has seemingly created both opportunity and justification regarding striking Iran – something that Prime Minister Benjamin Netanyahu has been pursuing for decades.

    Already, Russia’s attacks on Ukraine’s Zaporizhzhia nuclear plant demonstrated nuclear facilities’ vulnerability in modern warfare. I believe Israel’s actions further risk normalizing attacks on nuclear infrastructure, potentially legitimizing similar preventive actions by India, China or the U.S. against emerging nuclear programs elsewhere.

    From strikes to regional conflagration

    Israel’s initial strike quickly triggered inevitable escalation. Iran’s retaliation came in waves: first hundreds of drones and missiles on June 13, then sustained barrages throughout the following days. By the morning of June 15, both countries were trading strikes on energy infrastructure, military bases and civilian areas, with no immediate end in sight.

    The Houthis in Yemen have since joined the fight, by launching ballistic missiles at Tel Aviv. Notably absent are Hezbollah, Hamas and Iran’s Iraqi militias – all significantly damaged by recent action by Israel. This degradation of Iran’s “axis of resistance” – its traditional forward deterrent – fundamentally alters Tehran’s strategic calculations. Without strong proxies to threaten retaliation, Iran is more exposed to Israeli strikes, making nuclear weapons seem like the only reliable deterrent against future attacks.

    The escalation pattern illustrates what can happen when when a government casts aggression as prevention. Having initiated the recent escalation of hostilities, Israel now faces the consequences. Iranian President Masoud Pezeshkian’s vow that destroyed facilities “would be rebuilt” underscores that Israeli action designed to prevent nuclearization may instead result in Iran pursuing it with renewed determination.

    The commitment trap

    This creates what strategists call the “commitment trap” – a dynamic where both sides face escalating costs but cannot back down. Israel faces its own strategic dilemma. The strikes may ultimately accelerate rather than prevent Iranian nuclearization, yet backing down would mean accepting a nuclear Iran. Netanyahu’s promise that current strikes are “nothing compared to what they will feel in coming days” shows how quickly strikes sold as preventative escalate toward total war.

    Missiles fired from Iran are pictured in the night sky over Jerusalem on June 14, 2025.
    Photo by Menahem Kahana/AFP via Getty Images

    Unlike established nuclear powers that can negotiate from positions of strength, threshold states, such as Iran, face a stark choice: remain vulnerable to preventive strikes and regime change or race toward the protection that nuclear deterrence provides.

    North Korea offers the clearest example of this dynamic. Despite decades of sanctions and military threats, Pyongyang’s nuclear program has made it essentially immune to preventive strikes. Iranian leaders understand this lesson well – the question is whether they can reach the same protected status before suffering decisive preventive action.

    Traditional nuclear deterrence theory assumes rational actors operating under mutual vulnerability. But threshold wars break these assumptions in fundamental ways. Iran cannot fully deter Israeli action because it lacks confirmed weapons, while Israel cannot rely on deterrence to prevent Iranian weaponization because Iran’s nuclear program continues advancing.

    This creates “use it or lose it” dynamics: Israel faces shrinking windows to act preventively as Iran approaches weaponization; Iran faces incentives to accelerate its program before suffering additional strikes.

    The absence of effective external mediation compounds these risks. U.S. President Donald Trump’s response to the strikes reveals this dynamic starkly. Initially opposing military action and preferring diplomacy to “bombing the hell out of” Iran, Trump pivoted dramatically after the strikes began, and warned that “there’s more to come. A lot more.”

    His post on Truth Social – “Two months ago I gave Iran a 60-day ultimatum to ‘make a deal.’ They should have done it!” – demonstrates how quickly diplomatic efforts can collapse once threshold wars begin.

    Global implication

    The international response reveals how thoroughly Israel’s Operation Rising Lion has normalized aggression against nuclear facilities. While European leaders called for “maximum restraint,” none condemned Israel’s initial attacks. Russia and China condemned the attacks but took no concrete action. The U.N. Security Council produced only statements of “concern” about “escalation.”

    This normalization sets what I believe to be a catastrophic precedent. The threshold war model threatens to unravel decades of nuclear governance based on deterrence rather than preemption.

    Indeed, the Iran-Israel threshold war sets dangerous precedents for other regional nuclear competitions. Successful preventive strikes could incentivize similar actions elsewhere, eroding diplomatic nonproliferation efforts. Conversely, rapid nuclearization by Iran could encourage other threshold states, like Saudi Arabia, to pursue nuclear capabilities swiftly and secretly.

    When preventive strikes become the enforcement mechanism for nonproliferation norms, the entire architecture of nuclear governance begins to crumble. Without these frameworks, the world faces an unstable future defined by cycles of preventive strikes and accelerated nuclear proliferation – far more dangerous than the Cold War-era standoffs that shaped nuclear governance.

    Farah N. Jan does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Iran-Israel ‘threshold war’ has rewritten nuclear escalation rules – https://theconversation.com/iran-israel-threshold-war-has-rewritten-nuclear-escalation-rules-258965

    MIL OSI – Global Reports –

  • MIL-OSI USA: Amidst regional conflict, the Strait of Hormuz remains critical oil chokepoint

    Source: US Energy Information Administration

    In-brief analysis

    June 16, 2025

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025

    The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it is one of the world’s most important oil chokepoints. Large volumes of oil flow through the strait, and very few alternative options exist to move oil out of the strait if it is closed. In 2024, oil flow through the strait averaged 20 million barrels per day (b/d), or the equivalent of about 20% of global petroleum liquids consumption. In the first quarter of 2025, total oil flows through the Strait of Hormuz remained relatively flat compared with 2024.

    Although we have not seen maritime traffic through the Strait of Hormuz blocked following recent tensions in the region, the price of Brent crude oil (a global benchmark) increased from $69 per barrel (b) on June 12 to $74/b on June 13. This piece highlights the importance of the strait to global oil supplies.

    Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The inability of oil to transit a major chokepoint, even temporarily, can create substantial supply delays and raise shipping costs, potentially increasing world energy prices. Although most chokepoints can be circumvented by using other routes—often adding significantly to transit time—some chokepoints have no practical alternatives. Most volumes that transit the strait have no alternative means of exiting the region, although there are some pipeline alternatives that can avoid the Strait of Hormuz.

    Between 2022 and 2024, volumes of crude oil and condensate transiting the Strait of Hormuz declined by 1.6 million b/d, which were only partially offset by a 0.5-million b/d increase in petroleum product cargoes. The decline in oil transit through the strait partially reflects the OPEC+ decision to voluntarily cut crude oil production several times starting in November 2022, which lowered exports from Saudi Arabia, Kuwait, and the United Arab Emirates (UAE). In addition, disruptions in 2024 to oil flows around the Bab al-Mandeb Strait, which connects the Arabian Sea to the Red Sea, led Saudi Arabia’s national oil company Aramco to shift seaborne crude oil flows from the Strait of Hormuz, instead sending it over land through its East-West pipeline to ports on the Red Sea. Also, more refining capacity in the Persian Gulf states increased regional demand for crude oil and shifted some flows to local markets within the Persian Gulf.

    Flows through the Strait of Hormuz in 2024 and the first quarter of 2025 made up more than one-quarter of total global seaborne oil trade and about one-fifth of global oil and petroleum product consumption. In addition, around one-fifth of global liquefied natural gas trade also transited the Strait of Hormuz in 2024, primarily from Qatar.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025, and U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: World maritime oil trade excludes intra-country volumes except those volumes that transit the Strait of Hormuz. LNG=liquefied natural gas. 1Q25=first quarter of 2025

    Based on tanker tracking data published by Vortexa, Saudi Arabia moves more crude oil and condensate through the Strait of Hormuz than any other country. In 2024, exports of crude and condensate from Saudi Arabia accounted for 38% of total Hormuz crude flows (5.5 million b/d).

    Alternative routes
    Saudi Arabia and the UAE have some infrastructure in place that can bypass the Strait of Hormuz, which may somewhat mitigate any transit disruptions through the strait. The pipelines do not typically operate at full capacity, and we estimate that about 2.6 million b/d of capacity from the Saudi and UAE pipelines could be available to bypass the Strait of Hormuz in the event of a supply disruption.

    Saudi Aramco operates the 5 million-b/d East-West crude oil pipeline, which runs from the Abqaiq oil processing center near the Persian Gulf to the Yanbu port on the Red Sea. Aramco temporarily expanded the pipeline’s capacity to 7.0 million b/d in 2019 when it converted some natural gas liquids pipelines to accept crude oil. In 2024, Saudi Arabia pumped more crude oil through the East-West pipeline to avoid the shipping disruptions around the Bab al-Mandeb.

    The UAE also operates a pipeline that bypasses the Strait of Hormuz. This 1.8 million-b/d pipeline links onshore oil fields to the Fujairah export terminal in the Gulf of Oman. In 2024, crude oil and condensate volumes originating in the UAE and traversing Hormuz were 0.4 million b/d less than in 2022 because refinery upgrades allowed more heavy crude oil to be refined locally. These upgrades also allowed the UAE to increase exports of its lighter crude oil grades, and use of the pipeline to the Fujairah export terminal increased. Increased use of the pipeline for day-to-day operations has limited the excess capacity available to reroute additional volumes around the Strait of Hormuz.

    Iran inaugurated the Goreh-Jask pipeline and the Jask export terminal on the Gulf of Oman (avoiding the Strait of Hormuz) with a single export cargo in July 2021. The pipeline’s effective capacity remains around 300,000 b/d. However, during the summer of 2024 Iran exported less than 70,000 b/d from ports (Bandar-e-Jask and Kooh Mobarak) using the Goreh-Jask pipeline and stopped loading cargoes after September 2024.

    Destination markets
    We estimate that 84% of the crude oil and condensate and 83% of the liquefied natural gas that moved through the Strait of Hormuz went to Asian markets in 2024. China, India, Japan, and South Korea were the top destinations for crude oil moving through the Strait of Hormuz to Asia, accounting for a combined 69% of all Hormuz crude oil and condensate flows in 2024. These markets would likely be most affected by supply disruptions at Hormuz.

    Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking
    Note: 1Q25=first quarter of 2025

    In 2024, the United States imported about 0.5 million b/d of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, accounting for about 7% of total U.S. crude oil and condensate imports and 2% of U.S. petroleum liquids consumption. In 2024, U.S. crude oil imports from countries in the Persian Gulf were at the lowest level in nearly 40 years as domestic production and imports from Canada have increased.

    Principal contributors: Candace Dunn, Justine Barden

    MIL OSI USA News –

  • India joins elite global group for Rinderpest Containment as ICAR-NIHSAD Bhopal earns category A status

    Source: Government of India

    Source: Government of India (4)

    India has secured a prestigious position in global animal health with the designation of the ICAR-National Institute of High Security Animal Diseases (NIHSAD) in Bhopal as a Category A Rinderpest Holding Facility (RHF) by the World Organisation for Animal Health (WOAH) and the United Nations’ Food and Agriculture Organization (FAO). The recognition was The achievement highlights India’s commitment to international disease control standards and reinforces its pivotal role in safeguarding global animal health.

    At the 92nd General Session of WOAH in Paris on May 29, 2025, where Alka Upadhyaya, Secretary of the Department of Animal Husbandry & Dairying (DAHD) and India’s WOAH Delegate, received the certificate from WOAH’s Director General.

    Rinderpest, historically known as “cattle plague,” was a devastating livestock disease eradicated globally in 2011. To prevent its re-emergence, WOAH and FAO restrict the storage of Rinderpest Virus-Containing Material (RVCM) to a select few high-security laboratories worldwide. ICAR-NIHSAD, a Biosafety Level-3 (BSL-3) facility and WOAH reference laboratory for avian influenza, was designated as India’s RVCM repository in 2012. Following a rigorous evaluation in March 2025 by international experts, the institute earned Category A RHF status for one year, affirming its robust biosafety measures, effective inventory management, and preparedness for emergencies.

    This milestone places India among an elite group of six global facilities tasked with securely managing rinderpest virus material, underscoring the nation’s leadership in animal health, biosecurity, and the One Health framework. “India’s role in eradicating rinderpest was historic, and today, preserving that legacy is equally critical. This recognition reflects our responsibility and readiness,” said Ms. Alka Upadhyaya. The international committee also urged India to pursue Category B designation by focusing on vaccine seed material, further strengthening its global standing.

  • Israel says Tehran residents to ‘pay price’ after Tel Aviv, Haifa attacks

    Source: Government of India

    Source: Government of India (2)

    srael and Iran kept up their attacks, killing and wounding civilians and raising concern among world leaders at a G7 meeting in Canada this week that the biggest battle between the two old enemies could lead to a broader regional conflict.

    The Iranian death toll in four days of Israeli strikes, carried out with the declared aim of wiping out Iran’s nuclear and ballistic missile programs, had reached at least 224, with 90% of the casualties reported to be civilians, an Iranian health ministry spokesperson said.

    Early on Monday, the Israeli military said it had detected more missiles launched from Iran towards Israel.

    “At this time, the (Israeli Air Force) is operating to intercept and strike where necessary to eliminate the threat,” the Israeli Defence Forces said. Live video footage showed several missiles over Tel Aviv and Reuters witnesses said explosions could be heard there and over Jerusalem.

    At least 10 people in Israel, including children, have been killed so far, according to authorities there.

    Group of Seven leaders began gathering in the Canadian Rockies on Sunday with the Israel-Iran conflict expected to be a top priority.

    German Chancellor Friedrich Merz said his goals for the summit include for Iran to not develop or possess nuclear weapons, ensuring Israel’s right to defend itself, avoiding escalation of the conflict and creating room for diplomacy.

    “This issue will be very high on the agenda of the G7 summit,” Merz told reporters.

    Before leaving for the summit on Sunday, U.S. President Donald Trump was asked what he was doing to de-escalate the situation. “I hope there’s going to be a deal. I think it’s time for a deal,” he told reporters. “Sometimes they have to fight it out.”

    Iran has told mediators Qatar and Oman that it is not open to negotiating a ceasefire while it is under Israeli attack, an official briefed on the communications told Reuters on Sunday.

    FIRST DAYLIGHT ATTACK ON ISRAEL

    Explosions shook Tel Aviv on Sunday during Iran’s first daylight missile attack since Israel’s strike on Friday. Shortly after nightfall, Iranian missiles hit a residential street in Haifa, a mixed Jewish-Arab city, and in Israel’s south.

    In Bat Yam, a city near Tel Aviv, residents braced on Sunday evening for another sleepless night after an overnight strike on an apartment tower.

    “It’s very dreadful. It’s not fun. People are losing their lives and their homes,” said Shem, 29.

    Images from Tehran showed the night sky lit up by a huge blaze at a fuel depot after Israel began strikes against Iran’s oil and gas sector – raising the stakes for the global economy and the functioning of the Iranian state.

    Brent crude futures were up $1.04, or 1.4%, to $75.39 a barrel by 0115 GMT, having jumped as much as $4 earlier in the session. While the spike in oil prices has investors on edge, stock and currency markets were little moved in early trading in Asia on Monday.

    “It’s more of an oil story than an equity story at this point,” said Jim Carroll, senior wealth adviser and portfolio manager at Ballast Rock Private Wealth. “Stocks right now seem to be hanging on.”

    TRUMP VETOES PLAN TO TARGET KHAMENEI, OFFICIALS SAY

    In Washington, two U.S. officials told Reuters that Trump had vetoed an Israeli plan in recent days to kill Iran’s Supreme Leader Ayatollah Ali Khamenei.

    When asked about the Reuters report, Netanyahu told Fox News on Sunday: “There’s so many false reports of conversations that never happened, and I’m not going to get into that.”

    “We do what we need to do,” he told Fox’s “Special Report With Bret Baier.”

    Israel began the assault with a surprise attack on Friday that wiped out the top echelon of Iran’s military command and damaged its nuclear sites, and says the campaign will escalate in the coming days.

    The intelligence chief of Iran’s Revolutionary Guards, Mohammad Kazemi, and his deputy were killed in attacks on Tehran on Sunday, Iran’s semi-official Tasnim news agency said.

    Iran has vowed to “open the gates of hell” in retaliation.

    TRUMP WARNS IRAN NOT TO ATTACK

    Trump has lauded Israel’s offensive while denying Iranian allegations that the U.S. has taken part and warning Tehran not to widen its retaliation to include U.S. targets.

    Two U.S. officials said on Friday the U.S. military had helped shoot down Iranian missiles that were headed toward Israel.

    The U.S. president has repeatedly said Iran could end the war by agreeing to tough restrictions on its nuclear program, which Iran says is for peaceful purposes but which Western countries and the IAEA nuclear watchdog say could be used to make an atomic bomb.

    The latest round of nuclear negotiations between Iran and the U.S., due on Sunday, was scrapped after Tehran said it would not negotiate while under Israeli attack.

    (Reuters)

  • MIL-OSI Russia: This Time Must be Different: Lessons from Sri Lanka’s Recovery and Debt Restructuring

    Source: IMF – News in Russian

    Opening Remarks by the IMF First Deputy Managing Director Gita Gopinath Conference on “Sri Lanka’s Road to Recovery: Debt and Governance” Shangri-La Hotel Colombo

    June 16, 2025

    Excellencies, distinguished guests, colleagues, and friends,

    It is a great honor to join you today for this important conference which takes place at a critical juncture in Sri Lanka’s economic journey.

    This conference comes not only at the mid-point of Sri Lanka’s IMF-supported economic reform program, but also at a moment when the global economy is facing powerful crosscurrents—slowing growth, rising tariffs, and a rapidly changing global economic order alongside profound uncertainty. Countries are being tested by shocks that are more frequent and more complex. The challenge for all of us is to build resilience in a world that demands it.

    Achievements Resulting from Reforms Supported by the IMF-EFF Program

    In this light, Sri Lanka’s experience stands out—both for the severity of the crisis the country experienced three years ago, and the remarkable progress that has been achieved in a very short time. The crisis was precipitated by years of declining tax revenues, depleted foreign exchange reserves and an explosive and unsustainable increase in public debt as growth collapsed. There were long lines for fuel, severe shortages of basic goods, record inflation, and widespread power outages. For many households, daily life became an exercise in hardship.

    Today, thanks to bold reforms and the commitment of the Sri Lankan people, substantial progress has been made to restore macroeconomic stability and reduce hardships faced by people. Fuel, cooking gas, and medicines are available again. Inflation has been brought under control and economic growth has returned—expanding by 5 percent in 2024. On the fiscal front, the government has achieved an extraordinary adjustment and tax revenues have increased by more than two-thirds as a share of GDP.

    The government has also put a strong emphasis on improving governance, which is fundamental for establishing trust with citizens and ensuring sustained growth. Important milestones have been achieved including central bank independence, improving public financial management, and strengthening the legal framework for anti-corruption.  Our analysis shows that comprehensive fiscal governance and accountability reforms in Sri Lanka can boost GDP by more than 7 percent and reduce the debt-to-GDP ratio by more than 6 percentage points over 10 years.

    Sri Lanka also took the difficult but necessary decision to default on its public debt and pursue a sovereign debt restructuring. These decisive actions on debt have helped ease the burden on the country. External creditors have forgiven $3 billion in debt and restructured another $25 billion, extending repayment over two decades at lower interest rates. Sri Lanka’s bonds are once again included in global indices, and its credit rating has improved.

    The experience of Sri Lanka holds important lessons for the world, and I would like to speak to the lessons from its debt restructuring.

    I. The Nexus between Economic Reforms and Debt Restructuring

    Sri Lanka’s debt restructuring had to deal with several challenges:

    1. Calibrating the restructuring targets to deliver sufficient debt relief. This was a complex endeavor. As with all restructurings, debt sustainability needs to be restored through a combination of debt relief and policy adjustments, such as fiscal effort. The targets must be carefully calibrated to consider country specific circumstances. In Sri Lanka’s case, the targets considered the severity of the crisis while also recognizing the country’s high levels of private savings, tourism receipts and remittances. Through this restructuring, over the next decade, external debt service as a share of GDP is reduced by a half, and external and total debt stock will fall by 27 and 34 percentage points of GDP respectively.
    2. Facilitating collaboration in a complex external creditor landscape. A full range of official creditors needed to find ways to coordinate, and not all creditors had the internal processes in place to deliver swiftly. The Official Creditor Committee chaired by France, India and Japan shepherded many creditors together and China informally coordinated with this group. Still there were challenges in the sharing of information across creditor groups and concerns about comparability of treatment across official bilateral creditors. To help move the process along, the IMF staff were very active in providing information and using IMF “good offices” on an ongoing basis to support coordination.
    1. Containing financial and social stability risks from the restructuring. A large share of Sri Lanka’s debt is domestic. The authorities recognized that external debt relief by itself would be unlikely to restore debt sustainability and domestic debt needed to be part of the restructuring effort. This had to be tackled carefully because of the significant exposure of Sri Lanka’s domestic financial sector, the central bank and the public pensions vehicle to government debt. To preserve financial and social stability, the authorities avoided nominal debt reductions and focused on lowering interest rates and lengthening maturities.

    The Sri Lankan debt restructuring experience provides several lessons that will help make the process simpler for other countries that need restructuring in the future. Sri Lanka’s experience better illuminated the trade-offs in setting debt targets and directly led to the development of improved methodologies for evaluating state contingent features in debt contracts. It helped creditors learn how to improve coordination and gave them new instrument designs to contemplate. Together with other recent restructuring cases, it helped motivate important reforms to IMF’s debt policies.

    Over time, there have been other important improvements in the sovereign debt architecture. The IMF, Bank and G20 Presidency convened the Global Sovereign Debt Roundtable to help serve as a forum for creditor dialogue and generate consensus on difficult issues that arise in restructurings. An important recent output of these efforts is a restructuring playbook, published at the time of our Spring Meetings, which lays out the typical steps in a restructuring and an indicative timeline. It is important to recognize that, thanks to these initiatives, experiences, and the G20 Common Framework, the restructuring process has become faster. In the recent case of Ghana’s, it took five months to get from an IMF staff level agreement to delivering the financing assurances required for program approval—roughly half the time it took for Chad in 2021 and Zambia in 2022. Looking ahead, let me assure you that our work on improving the timeliness and effectiveness of the global debt architecture will continue.

    For Sri Lanka, the experience with the debt restructuring drives home the importance of managing the economy such that a similar situation will never arise again.

    II. Important to Stay the Course

    Let us be clear: none of the achievements thus far would have been possible without the courage and sacrifice of the Sri Lankan people. The crisis was costly and painful, particularly for the poor. The reforms undertaken to address the root causes of the crisis—adjustments in taxation, the removal of unsustainable subsidies, efforts to restore cost-reflective energy pricing—have asked a great deal from ordinary citizens. These are difficult measures. They test the social fabric. And yet, they are the foundation of a more resilient future.

    That is why we must now turn our focus from crisis response to sustainable recovery. There is a lot that is still needed. Poverty rates at 24.5 percent in 2024, according to the latest World Bank estimates, are too high and need to be brought down quickly. This requires continued macroeconomic stability and successful implementation of structural reforms. Tackling corruption will require major reforms. Implementing the government’s action plan on governance reforms is critical. While much has been done to reduce external debt, domestic debt is still high and steadfast implementation of sound fiscal policy is critical to continue bringing it down.

    None of this will be easy. In addition to the domestic challenges, the global environment is difficult with tariffs, geopolitical conflict and economic fragmentation posing major risks for small open economies like Sri Lanka’s.

    This is why there is no room for policy errors. As the IMF Managing Director noted during our Spring Meetings in April: the choice facing countries today is between reform and regret. Between building buffers—or risking future crises.

    Sri Lanka’s reform program has delivered strongly. But history reminds us of the risks. Of the 16 IMF programs Sri Lanka has engaged in over the years, about half ended prematurely. Often, reform fatigue sets in. Hard-earned gains were reversed. Growth faltered. The country cannot afford to repeat that cycle.

    Let me therefore underscore how essential it is to sustain the reform momentum, and in a manner that is inclusive and accountable. Public dialogue matters. Transparency matters. Engaging civil society and listening to diverse voices—not just in Colombo, but across the island—will help ensure that policies are responsive and responsible. This conference is exactly the kind of platform that can foster such engagement. It is a space to reflect, to challenge assumptions, and to build consensus. The IMF will remain a steadfast partner as Sri Lanka pursues stable and inclusive growth that improves the lives of all citizens and future generations.

    This time must be different! As President Dissanayake has said, let us ensure this is the last IMF program Sri Lanka will need.

    We agree, and believe this is possible if Sri Lanka stays the course.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/16/sp061625-gg-this-time-must-be-different-lessons-from-sri-lankas-recovery-and-debt-restructuring

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: American Rebel Light Beer Expands into Virginia with Valley Distributing – Distribution Momentum Accelerates Nationwide

    Source: GlobeNewswire (MIL-OSI)

    With a New Agreement for Southwestern Virginia and Active Distribution across 11 States Since Launching in September 2024, American Rebel Light Beer – America’s Patriotic Beer Continues its Rapid Rise as America’s Fastest Growing Beer

    NASHVILLE, TN,, June 16, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports that American Rebel Beer has signed a distribution agreement with Valley Distributing Corporation (valleydist.net). Through this agreement, American Rebel Light Beer will now be available in Alleghany, Botetourt, Craig, Roanoke, Montgomery, Giles, Pulaski, Floyd, Franklin, and Bedford counties, proudly reaching more patriotic Americans who believe in great taste and greater values.

    Founded by David Hutchinson Sr. in 1974 after years as a brewery rep with Stroh Brewery, Valley Distributing began operations in Salem, VA in January 1975. What started with distribution rights to Salem, Roanoke, and ten nearby counties quickly grew into one of the region’s most successful wholesalers. After securing the Coors Brewing Company portfolio in 1983, Valley hit its stride, expanding further with brands like Schlitz, Old Milwaukee, Guinness, Dos Equis, Yuengling, and craft favorites such as Flying Dog and Highland Brewing. Today, under the leadership of Jeff and Patrick Hutchinson, Valley remains a powerhouse rooted in service, expertise, and an unwavering commitment to quality.

    “This partnership with Valley Distributing is a perfect match,” said Todd Porter, President of American Rebel Beverage. “They understand what we stand for: quality, community, and country. Together, we are raising a toast to the American spirit – one cold can at a time.”

    “Valley Distributing is excited to partner with American Rebel Beverages and add another quality brand to our expanding portfolio in Southwestern Virginia,” said John Swanson, Sales Manager at Valley Distributing. “We’re confident that American Rebel Light Beer will resonate with consumers who value both a great-tasting beer and the values behind it.”

    “American Rebel Light Beer is brewed with pride and purpose – to celebrate this country and the people who make it great,” said Andy Ross, CEO of American Rebel. “Partnering with Valley Distributing gives us a strong, respected ally in getting our patriotic message and our beer into more hands across Virginia. We have spent some time with the Valley Distributing team and they understand what America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer is all about. Four-time NHRA World Champion and American Rebel Beer sponsored driver Matt Hagan and his family are based out of Virginia and adding Virginia to our list of states that we are available in was very important to us. This is more than business, it’s a movement.”

    American Rebel Light Beer is gearing up for a summer packed with bold flavor, proud moments, and all-American refreshment.– with a bold national ad campaign, key event sponsorships, and rapidly growing demand – Valley’s heritage and hometown strength ensure that the crisp refreshment of American Rebel Light Beer will make a powerful mark in the Commonwealth of Virginia.

    Let Freedom Pour – Celebrate the 4th of July with Free Shipping!

    Now through the end of June, American Rebel Light Beer is offering Free Shipping so our Patriotic Consumers can taste freedom this Fourth of July! Whether you’re grilling with family, watching fireworks, or raising a toast to our great nation, enjoy the crisp, clean, bold taste of America’s Patriotic Beer – delivered right to your door at no extra cost.

    Stock up today and let freedom ring with every sip!
    Purchase now at: https://shop.americanrebelbeer.com

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story.

    Media Inquiries:

    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.

    info@americanrebel.com

    ir@americanrebel.com

    American Rebel Beverages, LLC

    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network –

  • ICC announces schedule for 2025 Women’s World Cup in India and Sri Lanka

    Source: Government of India

    Source: Government of India (4)

    The International Cricket Council (ICC) on Monday released the schedule for the 2025 Women’s Cricket World Cup, which will be jointly hosted by India and Sri Lanka from September 30 to November 2.

    India will face Sri Lanka in the tournament opener in Bengaluru, while defending champions Australia begin their campaign against New Zealand in Indore on October 1.

    The eight-team event will be played in a single round-robin format across five cities: Bengaluru, Vizag, Indore, Guwahati, and Colombo, with the top four teams progressing to the semi-finals. One semi-final will take place in Bengaluru, while the other will be held in either Colombo or Guwahati.

    The final is scheduled for November 2 in either Bengaluru or Colombo.

    Teams will also play two warm-up matches each. Hosts India will face England, the runners-up from the 2022 edition, in Bengaluru on 24 September, followed by a clash against South Africa in Guwahati on 27 September.

    Australia, who won a record seventh title in 2022, topped the ICC Women’s Championship standings and qualified automatically, along with England, New Zealand, South Africa, Sri Lanka and hosts India. Pakistan and Bangladesh secured the final two spots via the qualifying tournament held in April.

    The 2025 edition will be the 13th Women’s Cricket World Cup since its inception in 1973.

  • ICC announces schedule for 2025 Women’s World Cup in India and Sri Lanka

    Source: Government of India

    Source: Government of India (4)

    The International Cricket Council (ICC) on Monday released the schedule for the 2025 Women’s Cricket World Cup, which will be jointly hosted by India and Sri Lanka from September 30 to November 2.

    India will face Sri Lanka in the tournament opener in Bengaluru, while defending champions Australia begin their campaign against New Zealand in Indore on October 1.

    The eight-team event will be played in a single round-robin format across five cities: Bengaluru, Vizag, Indore, Guwahati, and Colombo, with the top four teams progressing to the semi-finals. One semi-final will take place in Bengaluru, while the other will be held in either Colombo or Guwahati.

    The final is scheduled for November 2 in either Bengaluru or Colombo.

    Teams will also play two warm-up matches each. Hosts India will face England, the runners-up from the 2022 edition, in Bengaluru on 24 September, followed by a clash against South Africa in Guwahati on 27 September.

    Australia, who won a record seventh title in 2022, topped the ICC Women’s Championship standings and qualified automatically, along with England, New Zealand, South Africa, Sri Lanka and hosts India. Pakistan and Bangladesh secured the final two spots via the qualifying tournament held in April.

    The 2025 edition will be the 13th Women’s Cricket World Cup since its inception in 1973.

  • Sensex, Nifty rise nearly 1% despite rising Middle East tensions

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets displayed resilience on Monday amid escalating tensions between Israel and Iran, as investors maintained their focus on long-term fundamentals despite the volatile geopolitical backdrop.

    Both the Sensex and Nifty ended the day with sharp gains of nearly 1 per cent, reflecting investor optimism in the face of uncertainty.

    The Sensex surged 677.55 points, or 0.84 per cent, to close at 81,796.15, after hitting an intra-day high of 81,865.82.

    Similarly, the Nifty advanced 227.9 points, or 0.92 per cent, to settle at 24,946.50.

    “The index witnessed a sharp rally as it reclaimed the 21-EMA after a brief dip below it,” said Rupak De, Senior Technical Analyst at LKP Securities. “Currently, with investors awaiting the Fed’s follow-up commentary post the rate announcement, a steep directional move is not expected for now.”

    However, De added, “A rally towards 25,350 looks highly probable once Nifty reclaims the 25,000 mark. On the downside, support is placed at 24,850.”

    Broader markets also posted gains. The Nifty Midcap100 rose by 0.93 per cent, while the Nifty Smallcap100 climbed 0.95 per cent.

    All sectoral indices ended in the green, indicating broad-based buying. The Nifty IT index was the top performer, gaining 1.57 per cent, followed by Realty (1.32 per cent), Oil & Gas (1.11 per cent), and Metal (1.07 per cent).

    Other sectors including banking, energy, FMCG, pharma, and media also closed higher.

    Among the top gainers on the Sensex were Ultratech Cement, Tech Mahindra, HCL Tech, TCS, Kotak Mahindra Bank, and Infosys — with some stocks rising up to 2.4 per cent.

    On the downside, Tata Motors emerged as the biggest laggard, falling 3.76 per cent. Sun Pharma also closed in the red.

    Meanwhile, the India VIX — often referred to as the market’s “fear index” — declined by 1.6 per cent to 14.83, suggesting a relatively calm market outlook in the short term.

    Vinod Nair, Head of Research at Geojit Financial Services, noted that despite geopolitical tensions in the Middle East, the markets moved higher, supported largely by gains in large-cap stocks.

    “Geopolitical developments in the region are likely to influence near-term market sentiment, with any signs of de-escalation being closely monitored. Small-cap stocks may underperform in the short term due to their elevated valuations and lack of immediate triggers,” he said.

    -IANS

  • Seeking unity, G7 meets amid escalating Ukraine, Middle East conflicts

    Source: Government of India

    Source: Government of India (4)

    Leaders from the Group of Seven nations begin annual talks on Monday amid wars in Ukraine and the Middle East that add to global economic uncertainty, as host Canada tries to avoid a clash with U.S. President Donald Trump.

    The G7 leaders from Britain, Canada, France, Germany, Italy, Japan and the U.S., along with the European Union, are convening in the resort of Kananaskis in the Canadian Rockies until Tuesday.

    But beyond the serene and picturesque mountain setting, they confront challenges. The first five months of Trump’s second term upended foreign policy on Ukraine, raised anxiety over his closer ties to Russia and resulted in tariffs on U.S. allies.

    With an escalating Israel-Iran conflict, which is spiking global oil prices, the summit in Canada is seen as a vital moment to try and restore a semblance of unity between democratic powerhouses.

    “The most important goal will be for the world’s seven largest industrial nations to reach agreement and take action,” German Chancellor Friedrich Merz said before attending his first G7.

    That will not be easy. After years of consensus, the traditional allies have scrambled to keep Trump engaged and maintain unity.

    Canada has abandoned any effort to adopt an all-encompassing comprehensive communique to avert a repeat of a 2018 summit in Quebec, when Trump instructed the U.S. delegation to withdraw its approval of the final communique after leaving.

    Instead, Ottawa has sought to get consensus for a chair’s statement that summarizes the key discussions and six other pre-negotiated declarations on issues such as migration, artificial intelligence and forest fires.

    Talks on Monday will centre around the economy, advancing trade deals, and China.

    Efforts to reach an agreement to lower the G7 price cap on Russian oil even if Trump decided to opt out have been complicated by the surge in oil prices since Israel launched strikes on Iran on June 12, two diplomatic sources said.

    The escalation between the two regional foes is on the agenda, with diplomatic sources saying they hope to achieve at least a joint statement to urge restraint and a return to diplomacy.

    “We are united. Nobody wants to see Iran get a nuclear weapon and everyone wants discussions and negotiations to restart,” France’s President Emmanuel Macron told reporters in Greenland on Sunday before travelling to Canada.

    He added that given Israel’s dependence on U.S. weapons and munitions, Washington had the capacity to restart negotiations.

    Trump said on Sunday many calls and meetings were taking place to broker peace.

    RUSSIAN ELEPHANT IN THE ROOM

    Highlighting the unease among some of Washington’s allies, Trump spoke on Saturday with Russian President Vladimir Putin and suggested the Russian leader could play a mediation role.

    Macron dismissed the idea, arguing that Moscow could not be a negotiator because it had started an illegal war against Ukraine.

    A European diplomat said Trump’s suggestion showed that Russia, despite being kicked out of the group in 2014 after annexing Crimea, was very much on U.S. minds.

    “In the eyes of the U.S., there’s no condemnation for Ukraine; no peace without Russia; and now even credit for its mediation role with Iran. For Europeans, this will be a really tough G7,” the diplomat said.

    Ukraine’s President Volodymyr Zelenskiy and NATO Secretary General Mark Rutte will attend the summit on Tuesday. European officials said they hoped to use the meeting, and next week’s NATO summit, to convince Trump to toughen his stance on Putin.

    “The G7 should have the objective for us to converge again, for Ukraine to get a ceasefire to lead to a robust and lasting peace, and in my view it’s a question of seeing whether President Trump is ready to put forward much tougher sanctions on Russia,” Macron said.

    (Reuters)

  • Seeking unity, G7 meets amid escalating Ukraine, Middle East conflicts

    Source: Government of India

    Source: Government of India (4)

    Leaders from the Group of Seven nations begin annual talks on Monday amid wars in Ukraine and the Middle East that add to global economic uncertainty, as host Canada tries to avoid a clash with U.S. President Donald Trump.

    The G7 leaders from Britain, Canada, France, Germany, Italy, Japan and the U.S., along with the European Union, are convening in the resort of Kananaskis in the Canadian Rockies until Tuesday.

    But beyond the serene and picturesque mountain setting, they confront challenges. The first five months of Trump’s second term upended foreign policy on Ukraine, raised anxiety over his closer ties to Russia and resulted in tariffs on U.S. allies.

    With an escalating Israel-Iran conflict, which is spiking global oil prices, the summit in Canada is seen as a vital moment to try and restore a semblance of unity between democratic powerhouses.

    “The most important goal will be for the world’s seven largest industrial nations to reach agreement and take action,” German Chancellor Friedrich Merz said before attending his first G7.

    That will not be easy. After years of consensus, the traditional allies have scrambled to keep Trump engaged and maintain unity.

    Canada has abandoned any effort to adopt an all-encompassing comprehensive communique to avert a repeat of a 2018 summit in Quebec, when Trump instructed the U.S. delegation to withdraw its approval of the final communique after leaving.

    Instead, Ottawa has sought to get consensus for a chair’s statement that summarizes the key discussions and six other pre-negotiated declarations on issues such as migration, artificial intelligence and forest fires.

    Talks on Monday will centre around the economy, advancing trade deals, and China.

    Efforts to reach an agreement to lower the G7 price cap on Russian oil even if Trump decided to opt out have been complicated by the surge in oil prices since Israel launched strikes on Iran on June 12, two diplomatic sources said.

    The escalation between the two regional foes is on the agenda, with diplomatic sources saying they hope to achieve at least a joint statement to urge restraint and a return to diplomacy.

    “We are united. Nobody wants to see Iran get a nuclear weapon and everyone wants discussions and negotiations to restart,” France’s President Emmanuel Macron told reporters in Greenland on Sunday before travelling to Canada.

    He added that given Israel’s dependence on U.S. weapons and munitions, Washington had the capacity to restart negotiations.

    Trump said on Sunday many calls and meetings were taking place to broker peace.

    RUSSIAN ELEPHANT IN THE ROOM

    Highlighting the unease among some of Washington’s allies, Trump spoke on Saturday with Russian President Vladimir Putin and suggested the Russian leader could play a mediation role.

    Macron dismissed the idea, arguing that Moscow could not be a negotiator because it had started an illegal war against Ukraine.

    A European diplomat said Trump’s suggestion showed that Russia, despite being kicked out of the group in 2014 after annexing Crimea, was very much on U.S. minds.

    “In the eyes of the U.S., there’s no condemnation for Ukraine; no peace without Russia; and now even credit for its mediation role with Iran. For Europeans, this will be a really tough G7,” the diplomat said.

    Ukraine’s President Volodymyr Zelenskiy and NATO Secretary General Mark Rutte will attend the summit on Tuesday. European officials said they hoped to use the meeting, and next week’s NATO summit, to convince Trump to toughen his stance on Putin.

    “The G7 should have the objective for us to converge again, for Ukraine to get a ceasefire to lead to a robust and lasting peace, and in my view it’s a question of seeing whether President Trump is ready to put forward much tougher sanctions on Russia,” Macron said.

    (Reuters)

  • EPFO cautions members against unauthorised agents, urges use of free online services

    Source: Government of India

    Source: Government of India (4)

    The Employees’ Provident Fund Organisation (EPFO) has cautioned its members against approaching unauthorised agents for EPFO-related services, warning that doing so could expose their personal and financial information to third-party entities.

    “These external entities are not authorized by EPFO and may charge unnecessary fees or compromise the security of personal information of members,” the organisation said in a statement, adding that all EPFO services are free and accessible online.

    The advisory follows reports that several cybercafés and fintech firms have been charging members substantial amounts for services that are officially provided at no cost. “In many cases, these operators are simply using the EPFO’s online grievance portal, something any member can do on their own, free of cost, from the comfort of their homes,” EPFO said.

    Reiterating its commitment to transparency and ease of access, EPFO highlighted a series of reforms implemented over the past year to improve service delivery for members, employers, and pensioners.

    These reforms include the auto-settlement of advance claims of up to ₹1 lakh for purposes such as illness, housing, marriage, and education. This move has resulted in the automatic settlement of 2.34 crore claims during FY 2024–25.

    Other key upgrades include simplified processes for KYC updates, member detail corrections, and transfer claims, most of which no longer require employer approval from January 15, 2025. The organization has also rolled out the Centralised Pension Payment System (CPPS) to improve the timeliness of pension disbursals.

    Members can now correct profile details using Aadhaar-based authentication without employer intervention and delink incorrect member IDs from their UANs online.

    Additionally, UAN allotment and activation can now be done via the UMANG app using Face Authentication Technology, granting users instant access to services like passbook viewing, KYC updates, and claim submissions.

    To further streamline online claim filing, EPFO has scrapped the requirement to upload cheque leaf images or attested bank passbooks. From April 2025, members will also be able to seed their bank account details with UANs without needing employer verification.

    EPFO also pointed to its strengthened grievance redressal systems. During FY 2024–25, over 16 lakh complaints were addressed through the EPFiGMS portal and more than 1.74 lakh through CPGRAMS, with a resolution rate of 98%.

    The organisation urged all members to access services through its official portal or the UMANG app, and to avoid intermediaries.

    “The members can contact EPFO helpdesks/PROs at Regional offices as listed on the official website (www.epfindia.gov.in) for any issues,” it added.

  • EPFO cautions members against unauthorised agents, urges use of free online services

    Source: Government of India

    Source: Government of India (4)

    The Employees’ Provident Fund Organisation (EPFO) has cautioned its members against approaching unauthorised agents for EPFO-related services, warning that doing so could expose their personal and financial information to third-party entities.

    “These external entities are not authorized by EPFO and may charge unnecessary fees or compromise the security of personal information of members,” the organisation said in a statement, adding that all EPFO services are free and accessible online.

    The advisory follows reports that several cybercafés and fintech firms have been charging members substantial amounts for services that are officially provided at no cost. “In many cases, these operators are simply using the EPFO’s online grievance portal, something any member can do on their own, free of cost, from the comfort of their homes,” EPFO said.

    Reiterating its commitment to transparency and ease of access, EPFO highlighted a series of reforms implemented over the past year to improve service delivery for members, employers, and pensioners.

    These reforms include the auto-settlement of advance claims of up to ₹1 lakh for purposes such as illness, housing, marriage, and education. This move has resulted in the automatic settlement of 2.34 crore claims during FY 2024–25.

    Other key upgrades include simplified processes for KYC updates, member detail corrections, and transfer claims, most of which no longer require employer approval from January 15, 2025. The organization has also rolled out the Centralised Pension Payment System (CPPS) to improve the timeliness of pension disbursals.

    Members can now correct profile details using Aadhaar-based authentication without employer intervention and delink incorrect member IDs from their UANs online.

    Additionally, UAN allotment and activation can now be done via the UMANG app using Face Authentication Technology, granting users instant access to services like passbook viewing, KYC updates, and claim submissions.

    To further streamline online claim filing, EPFO has scrapped the requirement to upload cheque leaf images or attested bank passbooks. From April 2025, members will also be able to seed their bank account details with UANs without needing employer verification.

    EPFO also pointed to its strengthened grievance redressal systems. During FY 2024–25, over 16 lakh complaints were addressed through the EPFiGMS portal and more than 1.74 lakh through CPGRAMS, with a resolution rate of 98%.

    The organisation urged all members to access services through its official portal or the UMANG app, and to avoid intermediaries.

    “The members can contact EPFO helpdesks/PROs at Regional offices as listed on the official website (www.epfindia.gov.in) for any issues,” it added.

  • Prime Minister Modi holds bilateral talks with Cyprus President Christodoulides in Nicosia

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday held comprehensive bilateral discussions with the President of the Republic of Cyprus, Nikos Christodoulides, during his official visit to the Mediterranean nation. The talks were held at the Presidential Palace in Nicosia, where Prime Minister Modi was received with ceremonial honours.

    During the talks, Prime Minister Modi conveyed his appreciation for Cyprus’s unequivocal condemnation of the terrorist attack in Pahalgam in April 2025. “India deeply values Cyprus’s solidarity and its consistent support in our fight against terrorism,” the Prime Minister said, adding that “our shared commitment to combating terrorism binds us further.”

    The two leaders reaffirmed their support for the sovereignty and territorial integrity of both nations. Prime Minister Modi reiterated India’s longstanding support for the unity of Cyprus and called for a peaceful resolution of the Cyprus issue in accordance with United Nations Security Council resolutions, international law, and the European Union Acquis.

    Both sides reviewed the entire spectrum of bilateral cooperation, including trade and investment, scientific research, cultural engagement, and people-to-people ties. They explored new areas of collaboration in fintech, digitalization, defence, AI, innovation, start-ups, and mobility.

    The leaders agreed to chart a five-year roadmap to deepen engagement in strategic sectors and to establish new dialogues on maritime and cyber security. “We are committed to working together on real-time intelligence sharing to counter terrorism, arms trafficking, and narcotics trade,” Prime Minister Modi said following the discussions.

    Looking ahead to Cyprus’s upcoming Presidency of the Council of the European Union in early 2026, the two leaders expressed their readiness to further strengthen the India-EU partnership. They discussed the progress of the first India-EU Strategic Dialogue and the work under way through the India-EU Trade and Technology Council. Both sides reaffirmed their support for concluding the long-pending EU–India Free Trade Agreement by the end of 2025.

    Cyprus assured its commitment to prioritising the EU–India strategic partnership during its presidency, particularly in areas such as defence and security, green and clean energy, maritime cooperation, and space.

    The two sides welcomed the Bilateral Defence Cooperation Programme signed earlier in January this year, which is expected to further cement the defence partnership. The establishment of the India-Greece-Cyprus (IGC) Business and Investment Council was also noted as a key step in enhancing trilateral cooperation.

    The leaders discussed the importance of improving air connectivity to facilitate business, tourism, and knowledge exchange. Prime Minister Modi also underscored the strategic relevance of the India-Middle East-Europe Economic Corridor (IMEC), stating that the project would bring long-term peace and prosperity to the region.

    On multilateral cooperation, both countries reaffirmed their commitment to global governance reforms. Prime Minister Modi thanked President Christodoulides for reiterating Cyprus’s support for India’s permanent membership in a reformed United Nations Security Council. “India believes the global order must evolve to reflect the realities of the 21st century,” he said.

    The two leaders also exchanged views on pressing international issues, including conflicts in West Asia and Europe. As part of the cultural cooperation between the two countries, an MoU was signed to establish an India Studies Chair under the Indian Council for Cultural Relations (ICCR) at the University of Nicosia.

  • MIL-OSI Economics: Thales’ FlytOptim selected by Corsair to cut CO₂ emissions and advance sustainable aviation

    Source: Thales Group

    Headline: Thales’ FlytOptim selected by Corsair to cut CO₂ emissions and advance sustainable aviation

    • Airline company Corsair has selected Thales’ flight optimization solution, FlytOptim, across all of its flights, which serve Africa, the West Indies, and the Indian Ocean (5000+ per year), to save thousands of tonnes of CO2 emissions per year.
    • Following trials, this solution has saved several hundred kilograms of fuel on each flight and helped avoid more than 300 tonnes of CO2 on Corsair flight routes to the West Indies and Africa.
    • With this solution, Thales, a key player in sustainable aviation, offers a systematic approach that can be quickly integrated by all airlines, seeking to reduce their environmental impact as of today.

    FlytOptim is an intuitive AI-powered solution that enables pilots to optimize their vertical flight trajectory using real-time weather and aircraft data, thus enabling them to reduce their fuel consumption by 2%.

    Harnessing AI to reduce emissions and advance sustainable aviation

    This innovation uses Thales’ trusted AI and advanced prediction algorithms of its Flight Management System (FMS), PureFlyt, to identify the optimal vertical flight path, based on real-time weather and aircraft data (such as mass and position). When an optimization is possible, the alternative vertical flight path is sent directly to the pilot in the cockpit using existing communication channels. Once approved by air traffic control (ATC), the pilot can update the flight plan accordingly.

    User-centric experience with no operational disruption

    Designed together with pilots, FlytOptim’s intuitive design and efficient user-experience has seen an unparalleled adoption rate: after only a few weeks trial at Corsair, 80% of the flights were using FlytOptim. FlytOptim can be deployed quickly and easily, with no need to modify the aircraft or the airline’s existing IT systems.

    A comprehensive range of more environmentally-friendly solutions

    This solution marks another step in Thales’ roadmap towards climate-efficient aviation, offering both CO2 and non-CO2 reduction tools for pilots, dispatchers, air traffic controllers and flow managers. FlytOptim will progressively integrate Thales’ other green operations innovations including its contrail avoidance solution and the dynamic management of Air Traffic Control constraints, thus supporting aviation industry customers in their journey towards more efficient operations.

    “The trial of FlytOptim was easy to implement, and its adoption by pilots went smoothly. The fuel savings achieved are clear and easily measurable. We are delighted to deploy this solution, which fully aligns with our environmental strategy and strengthens our commitment to a greener and more sustainable aviation. Corsair aims to be a leading player in decarbonisation, having completely renewed its fleet—which is one of the youngest in the world—and continues to work on various tools to reduce its environmental impact, such as FlytOptim.” Cyrille Digon, Director Flight Support and CSR, Corsair.

    “We are proud to announce our new customer for our FlytOptim solution. This milestone is fully aligned with Thales’ strategy to help transform the aerospace industry future through innovative technologies that support more sustainable and responsible aviation.” Yannick Assouad, Executive Vice-President, Avionics, Thales.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

  • ‘Cyber Suraksha’ exercise launched to boost national cyber security preparedness

    Source: Government of India

    Source: Government of India (4)

    The Defence Cyber Agency, operating under the aegis of the Headquarters Integrated Defence Staff, has launched a cyber security exercise titled ‘Cyber Suraksha’. The exercise began on June 16 and will continue until June 27.

    ‘Cyber Suraksha’ is a multi-phased initiative aimed at enhancing cyber resilience at the national level. It brings together more than 100 participants from various national-level agencies and defence stakeholders. The exercise is designed to simulate real-world cyber threats and test the participants’ ability to respond to them in a dynamic, gamified environment. By combining structured training with hands-on challenges, it seeks to reinforce secure practices and sharpen the analytical and defensive skills of the participants.

    A key feature of the exercise is the inclusion of a Chief Information Security Officers (CISOs) conclave, which has been integrated to bridge the gap between technical execution and leadership roles. The conclave features discussions led by eminent speakers in the cyber security domain and will conclude with an immersive Table-Top Exercise, aimed at enhancing the strategic readiness of senior leadership.

    ‘Cyber Suraksha’ reflects a proactive approach by the Defence Cyber Agency to ensure continued cyber vigilance and foster a security-first culture across all levels of the national defence infrastructure. The agency also plans to make such exercises a regular feature to sustain a high level of preparedness and promote collaborative defence in the evolving cyber landscape.

  • Southwest Monsoon advances further; heavy rainfall expected in several regions: IMD

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) has reported significant progress in the advancement of the Southwest Monsoon, with favourable conditions likely to push it further into more parts of Gujarat and Madhya Pradesh, the remaining areas of Vidarbha, and additional parts of Chhattisgarh, Odisha, Sub-Himalayan West Bengal, and Sikkim within the next 24 hours.

    Over the following two days, the monsoon is expected to spread into parts of West Bengal, Jharkhand, Bihar, and east Uttar Pradesh.

    The monsoon is currently active over the entire Konkan region, Central Maharashtra, parts of Gujarat, southwest Madhya Pradesh, and extended areas of Vidarbha, Chhattisgarh, Odisha, and sub-Himalayan West Bengal & Sikkim. The Northern Limit of Monsoon now stretches through key locations including Veraval, Bhavnagar, Vadodara, Khargone, Amravati, Durg, Chandbali, and Balurghat.

    The IMD forecasts an active monsoon phase with heavy to very heavy rainfall likely in south peninsular India and Konkan & Goa till June 16. Isolated areas may experience extremely heavy rainfall exceeding 20 cm.

    In terms of temperatures, a 2–4°C drop in maximum temperatures is expected across Central India over the next 4–5 days, while no significant change is predicted for the rest of the country.

    Weather forecast over Delhi-NCR during June 16-19

    The weather forecast for Delhi-NCR from June 16 to 19 indicates generally to partly cloudy skies with light to moderate rain and thunderstorms expected each day. These weather events are likely to be accompanied by gusty winds, temporarily reaching speeds of up to 60 kmph, particularly during the evening and night hours.

    Overall, the period will be marked by slightly cooler than usual temperatures and intermittent rainfall, bringing some relief from the summer heat.

    The IMD continues to monitor the monsoon’s progression and advises local authorities and residents to stay updated with regional weather alerts.

  • MIL-OSI Banking: Result: Conversion/Switch Auction of Government of India Securities

    Source: Reserve Bank of India

    A. Source Security 8.15% GS 2026 8.24% GS 2027 8.26% GS 2027 8.26% GS 2027 7.06% GS 2028
    B. Notified Amount (in ₹ crore) 3,000 3,000 2,000 2,000 3,000
    Destination Security 6.19% GS 2034 6.64% GS 2035 8.33% GS 2036 7.40% GS 2062 8.24% GS 2033
    C. i. No. of offers received 3 3 6 1 6
    ii. Total amount of Source Security offered (Face value, in ₹ crore) 3,800.000 887.559 945.000 1,000.000 3,247.000
    iii. No of offers accepted 2 0 0 1 3
    iv. Total amount of source security accepted (Face value, in ₹ crore) 3,000.000 0 0 1,000.000 217.000
    v. Total amount of destination security issued (Face value, in ₹ crore) 3,136.604 0 0 1,001.241 199.334
    vi. Cut-off price (₹) / yield (%) for destination security 98.90/6.3473 NA NA 104.71/7.0399 112.15/6.3493
    A. Source Security 7.06% GS 2028 8.60% GS 2028 7.59% GS 2029 7.59% GS 2029
    B. Notified Amount (in ₹ crore) 2,000 3,000 3,000 4,000
    Destination Security 7.06% GS 2046 8.33% GS 2036 7.57% GS 2033 8.32% GS 2032
    C. i. No. of offers received 0 10 10 13
    ii. Total amount of Source Security offered (Face value, in ₹ crore) 0.000 5,445.000 4,667.356 4,154.200
    iii. No of offers accepted 0 2 0 5
    iv. Total amount of source security accepted (Face value, in ₹ crore) 0 3,000.000 0 2,079.200
    v. Total amount of destination security issued (Face value, in ₹ crore) 0 2,820.191 0 1,971.281
    vi. Cut-off price (₹) / yield (%) for destination security NA 114.16/6.5042 NA 111.11/6.3548

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/549

    MIL OSI Global Banks –

  • Iran says parliament is preparing bill to leave nuclear non-proliferation treaty

    Source: Government of India

    Source: Government of India (4)

    Iranian parliamentarians are preparing a bill that could push Tehran toward exiting the nuclear Non-Proliferation Treaty, the foreign ministry said on Monday, while reiterating Tehran’s official stance against developing nuclear weapons.

    “In light of recent developments, we will take an appropriate decision. Government has to enforce parliament bills but such a proposal is just being prepared and we will coordinate in the later stages with parliament,” the ministry’s spokesperson Esmaeil Baghaei said, when asked at a press conference about Tehran potentially leaving the NPT.

    The NPT, which Iran ratified in 1970, guarantees countries the right to pursue civilian nuclear power in return for requiring them to forego atomic weapons and cooperate with the U.N. nuclear watchdog, the IAEA.

    Israel began bombing Iran last week, saying Tehran was on the verge of building a nuclear bomb. Iran has always said its nuclear programme is peaceful, although the IAEA declared last week that Tehran was in violation of its NPT obligations.

    President Masoud Pezeshkian reiterated on Monday that nuclear weapons were against a religious edict by Supreme Leader Ayatollah Ali Khamenei.

    Iran’s state media said that no decision on quitting the NPT had yet been made by parliament, while a parliamentarian said that the proposal was at the initial stages of the legal process.

    Baghaei said that developments such as Israel’s attack “naturally affect the strategic decisions of the state,” noting that Israel’s attack had followed the IAEA resolution, which he suggested was to blame.

    “Those voting for the resolution prepared the ground for the attack,” Baghaei said.

    Israel, which never joined the NPT, is widely assumed by regional governments to possess nuclear weapons, although it does not confirm or deny this.

    “The Zionist regime is the only possessor of weapons of mass destruction in the region,” Baghaei said.

    (Reuters)