International

Blinken calls for an end to the war and addresses the reconstruction of Gaza with Saudi Arabia

The US Secretary of State, Antony Blinken, asked on Wednesday from Saudi Arabia to “end the war in Gaza and release all the hostages,” while also addressing with the Saudi authorities the reconstruction of the punished Palestinian enclave once the conflict ends.

The head of US diplomacy stressed with his Saudi counterpart, Faisal bin Farhan, “the importance of ending the war in Gaza and releasing all hostages,” according to a statement issued by the US Department of State at the end of the meeting held between the two politicians in Riyadh.

For its part, the official Saudi news agency SPA limited itself to reporting that the meeting “the evolution of regional events was analyzed, especially the situation in Gaza and Lebanon,” in addition to the joint efforts that are being made to stop the escalation in the Middle East.

According to the US department, Blinken and Bin Farhan also “continued talks on how to establish security, governance and reconstruction in the post-conflict period” in the Gaza Strip, completely devastated after more than a year of war, which has caused the death of about 43,000 Palestinians.

A “diplomatic solution” in Lebanon

On the other hand, they stressed the need for “a diplomatic solution in Lebanon,” where Israel began a massive bombing campaign on September 23 and, a week later, began a land invasion in the south of the Mediterranean country that has been condemned by much of the international community.

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Subsequently, Blinken met with the Saudi crown prince, Mohamed bin Salman, with whom he addressed “the efforts made to stop military operations and face the humanitarian and security repercussions” of the wars in Gaza and Lebanon, according to a statement from Saudi Foreign Affairs.

In a previous phone call with Jordanian Foreign Minister Ayman Safadi, Blinken addressed ways to implement UN Security Council resolution 1701, which ended the war that Israel and the Lebanese Shiite group Hezbula fought in 2006.

Eleventh Middle East tour

The head of US diplomacy landed this Wednesday in Saudi Arabia as part of his eleventh tour of the Middle East since the outbreak of the war in Gaza, on October 7, 2023, although so far his visits to the countries of the region have not given tangible results for the resolution of the conflict and prevent its expansion in the area.

Yesterday, Blinken highlighted in Israel the need to take advantage of the death last week in a confrontation in southern Gaza by Hamas leader, Yahya Sinwar, to reach an agreement that allows the release of the hostages.

In addition to Israel and Saudi Arabia, Blinken will travel to Qatar and the United Kingdom until October 25 to “analyze the importance of ending the war in Gaza” and plan “the post-conflict period,” as well as to reach a diplomatic resolution in Lebanon, according to the US Department of State.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.