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Canada's trade surplus reaches a 15-month high on the back of soaring crude oil prices
Statistics Canada reported that the Iran War has increased the price of crude oil, which is a major factor in the increase in Canada's April goods trade surplus. Analysts surveyed by? Analysts polled by? Statscan reduced March's surplus to C$1.75 from C$1.78. The total exports rose 1.6% to a record C$75.16 Billion in April. Exports of energy goods increased 9.7% in April after a 23.4% increase in March. Statscan stated in a comment that "Both increases were primarily due to higher prices which continued to increase in April despite the uncertainty created by the conflict in Iran." Crude oil experts, up 7.0%, contributed the most to this gain. Canada is the world's largest oil producer. Exports of metals and non-metallic minerals, which were booming in February and march, fell by 17.5%. The fall was largely due to lower shipments of gold to Britain. Stuart Bergman is the chief economist of Export Development Canada. He said: "April was quite a tug-of-war between gold and oil. 1.6% growth, in light of everything going on around us, is something we are certainly happy with." In a telephone interview, he stated that the May data should show continued growth in energy exports due to global supply shortages. Imports increased by 0.3%, reaching a record C$72.44 Billion, due largely to an increase of 16.9% in imports?of basic and industrial chemicals, plastics and rubber products. Analysts believe that the positive data will lead to a positive GDP growth in April after two consecutive quarters of negative growth. Ariane Curtis is a senior North America economist with Capital Economics. She said that Canada's improved?terms-of-trade since the Iran War suggests the trade surplus will continue to rise in the months ahead. The United States still dominates Canadian exports, despite Ottawa's efforts to diversify away from it amid a trade war between the two nations. Exports to the United States increased by 4.8%, reaching C$51.98 Billion, which represents 69.2%, the highest share of trade since September 2025. Imports increased 1.6%, to $42.50 billion. As a result, Canada's surplus with the U.S. grew to C$9.48billion, the highest since February 2025. Exports to other countries fell by 4.8% in April after reaching a new record in March. Exports to China reached a new record of $3.84 billion.
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Oil falls ahead of inflation data, gold gains as dollar weakens
Gold rose on Tuesday, rebounding from its two-month low. A weaker dollar, falling oil prices, and investors evaluating Middle East peace prospects before key inflation data, all contributed to the rise. As of 9:05 am, spot gold was up 0.2% at $4,338.69 an ounce. ET (1305 GMT). It fell to its lowest levels since March 23 during the previous session. U.S. Gold Futures for August Delivery remained at $4,363.90. Dollars are now cheaper for those who hold other currencies. Fawad Rasaqzada is a market analyst at Forex.com. He said: "We have seen some weakness in the oil price... While gold has pulledback recently, it appears that the uptick was largely driven?by short-covering." The Middle East is showing signs of a possible deal. Oil prices dropped after Iran and Israel announced that they had stopped their attacks against each other in response to an appeal by U.S. president Donald Trump. Lower oil prices may ease inflation concerns, allowing central banks to cut interest rates and increasing the appeal of non-yielding metals. The focus this week has shifted from the strong jobs numbers of last week to the key inflation data, such as the U.S. Consumer Price Index 'print for May on Wednesday, and the Producer Price Index'readout on Thursday. The outlook for monetary policy. If the U.S. Inflation data for May surprise to the upside again on Wednesday, then the gold price will likely fall even further. The?potential of a recovery in the second half of the year is also increased if, as expected, the Fed does not raise interest rates. According to CME FedWatch, traders are "pricing" in a 70% chance of a Fed rate increase in December. Silver spot rose by 0.7%, to $68.61 an ounce. Platinum rose 1.4%, to $1778.98. Palladium rose 3.8%, to $1251.05. (Reporting by Anushree Mukherjee in Bengaluru; Editing by Shilpi Majumdar)
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Russian Urals oil is discounted as Asian demand declines, say sources
Four trade sources said that the price of Russian Urals crude had flipped from a premium to a discount against dated Brent in Indian and Chinese ports due to a drop in demand by Asian refiners. Since March, Urals, Russia’s “flagship” oil grade, has traded at a higher price than Brent in India, China and other major markets. This is because the Middle East conflict disrupted oil supplies globally and increased demand for cheaper alternatives. Sources said that the demand for 'Russian crude' has fallen now, but Asian refiners had 'drawn down their inventories, found alternative alternatives, and in some cases, cut back on runs. Sources said that urals cargoes for delivery to India between July and August were traded this month at discounts of $2 and $3 per barrel compared to Brent dated, as opposed to a premium of $7 to $8 per barrel in April and may. Urals oil prices fell by $7 to $8 per barrel during the winter months in the northern hemisphere when U.S. sanctions were tightened and reduced Russian oil production. From June to August of last year, discounts were around $1 to $3 per barrel. China's reduced purchases have a wider impact on all grades, even though the Chinese and Indian markets are closely linked. It purchases less Urals crude than India but more lighter Russian grades, such as?ESPO blend, Arctic and Sakhalin crude. One source reported that in some cases Chinese buyers refused to accept Russian oil cargoes for delivery in June, making sellers vulnerable during price negotiations. Teapots, or'small independent refiners' in China, have reduced production due to lower crude oil prices and weaker margins. Reporting in Moscow by Nidhi Verm, New Delhi by Siyi LIu, Singapore by Siyi Liu, editing by Barbara Lewis.
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McGeever: The $500 billion T-bill fix by ROI-Treasury is not a problem yet.
The U.S. Treasury issues more than half a billion dollars in T-bills each?week. For now, this spike in short-term funding is not a concern, but it could be if U.S. lending costs continue to rise. Trump's administration has a good reason for favoring the short end of the curve. The term premium has been pushed up by persistently large?budgets deficits, and high inflation that has exceeded the Federal Reserve's target of 2% for over five years. This is what investors are paying for long-term bonds. It makes short-term loans more appealing. The problem of rolling over $500 billion in bills each week is not an urgent one. Cash-like instruments are a huge market, and they're essential for overnight and short term collateral and liquidity management. The Fed and money market funds in the US have a combined balance of $8 trillion dollars, which is enough to absorb the new issuance. Even the demand for high-quality collateral can't last forever. Eventually, flooding will reach a level where it's impossible to absorb without a dangerous increase in money market interest rates. Treasury's interest bill may present a more immediate problem. Bills are affected by the impact of rolling notes and bonds over at higher interest rates in a matter of months, not years. The fiscal impact is already being felt, as the federal interest bill is on track to exceed $1 trillion in this fiscal year. Fed rate hike expectations are also increasing. 25% THRESHOLD Are we approaching the tipping point of too many bills issued? The current share of bills in the outstanding federal debt is just under 22.4%. This is slightly below the historical norm of 22.4% but well above the range of 15% to 20% recommended by the Treasury Borrowing Advisory Committee. The trend appears to be towards 25%, which is a threshold that many analysts believe should be watched. Lou Crandall is the chief economist of Wrightson ICAP. She said that it's difficult to pinpoint a specific tipping point, but once you reach a level of 25% of a growing?net borrowing requirement, the Treasury must look at more likely sources of demand. It's not a line that, when crossed, will instantly reduce demand for bills. In recent years, however, the share of bills in government debt was only 25% or higher during financial crises and economic recessions. And so, borrowing policies seen only in the pandemic of 2020 and the financial crisis of 2008 could become the norm. It is not known how the market will react to this over time. 1 TRILLION BARRIERS Treasury is currently facing record interest costs, both in nominal terms as well as when viewed by the percentage of GDP and revenue. The federal government's cumulative interest costs in the first four months of the year totaled $616 billion. This is an increase of more than $100 billion compared to the period January-April two years ago. According to the Congressional Budget Office (CBO), total interest payments will surpass $1 trillion in this fiscal year. They are expected to reach 3.3% of GDP, and 18.6% revenue, both records. This bill is expected to grow, particularly if the Fed decides to raise interest rates from their current range of 3,50-3.75% in the next few months. Rate hikes would not only increase short-term borrowing costs, but they could also threaten economic growth. Treasury would be in a weaker position, as it already borrows at the low end of the curve, and pays high interest rates. This could reduce investor interest and drive yields higher even if Fed policy was loosened to promote growth. Martin Tobias is the U.S. Rates Strategist at Morgan Stanley. Recession doesn't seem to be on the horizon anytime soon. A stock market correction or economic slowdown is not ruled out by a rise in borrowing costs. The $500 billion T-bills that are renewed every week will be scrutinized if this happens. You like this column? Check out Open Interest, your new essential source for global financial commentary. Follow ROI on LinkedIn and X. Listen to the Morning Bid podcast daily on Apple, Spotify or the app. Subscribe to the Morning Bid podcast and hear journalists discussing the latest news in finance and markets seven days a weeks.
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Gold gains as oil prices fall and US interest rate hike fears cap gains
Gold prices rose on Tuesday, aided by lower oil costs as tensions in the Middle East?easened?. However, concerns over U.S. rate hikes before this week's key inflation data capped gains. As of 1156 GMT, spot gold was up by 0.3% to $4,340.31 an ounce. In the previous session, gold fell to its lowest since March 23. U.S. Gold Futures for August Delivery?were unchanged, at $4.364.90. "Gold prices stabilised following a two-day decline that saw them break below the key technical support... "However, the rising expectations of more U.S. interest rate increases continue to create a difficult backdrop for bullion," Saxo Bank's Ole Hansen said. Oil prices dropped after Iran and Israel announced that they had stopped their attacks against each other in response to an appeal by U.S. president Donald?Trump. The rise in crude oil prices increases the risk of inflation and higher interest rates. Gold is often viewed as a hedge to inflation but in an environment of high interest rates, gold tends not to be so attractive. Investors are now awaiting the May U.S. Consumer Price Index data (CPI) on Wednesday and Producer Price Index data (PPI), on Thursday, for clues about the Federal Reserve's future moves. A robust jobs report released last week boosted bets that a rate -hike would happen this year. Hansen stated that "tomorrow's U.S. CPI is expected to surpass 4% for almost three years and the 17th?June FOMC Meeting remains crucial as the market looks for comments and intentions from the new fed chair." According to the CME FedWatch tool, traders are now pricing a 68% probability of a Fed interest rate hike in December. Since October 2023, spot gold has traded below the 200-day moving average. Citi analysts said that the breakout below the 200-dMA was viewed as a negative technical signal. This indicates further downside potential in near term. Silver spot rose 0.6%, to $68.56 an ounce. Platinum gained 0.9%, to $1,769.83. Palladium increased 2.9%, to $1,238.66. (Reporting and editing by Janane Vekatraman, Jonathan Ananda, and Noel John from Bengaluru)
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Indonesia's Trade Ministry faces a barrage of questions about new export control plans
On Tuesday, officials from Indonesia's trade ministry were bombarded with questions from?exporters? of coal, ferroalloys and palm oil who were concerned?about the impact of a controversial export control plan that aims to maximize profits from Indonesia's natural resources. Businesses expressed concerns about the implementation of the new rules in an online forum hosted by the government. This was despite the fact that the detailed rules were published earlier this week. Last month, President Prabowo revealed a plan that would channel all exports of Indonesia's key commodities through a state-owned firm. The goal was to increase government revenue and tighten controls on the sale of Indonesia's natural resources. The government released 11 pages of regulations earlier this month that outlined the implementation schedule for new controls. The?trade ministry released this week more detailed guidelines on three of the strategic products that are subject to the new rules which came into effect on June 1st. In the first phase of this new law, exporters will be required to report their entire export activity to Danantara Sumberdaya Indonesia. Exporters expressed concerns during an online awareness campaign held by the Trade Ministry about the integrity long-term contracts and the commercial mechanism of exporting products that are affected by the new regulations. Producers also don't know who pays for their product if all exports go through the government. "Starting January 1, we will be selling through DSI... Is the sale to DSI recognised as an export (paid in) U.S. dollar, or as a sale locally with payments made in Indonesian rupiah?" One company representative asked about currency risks associated with U.S. Dollar loans. He asked if the payment for the goods would be made by the customer or before the goods are exported. This is a crucial issue for a business's cash flow. Ministry officials deferred the majority of questions to DSI. DSI did not attend 'the event and merely'said that contracts would be executed on a business-tobusiness basis. Several participants asked how to contact DSI. At the time Prabowo announced his announcement, DSI had only one employee - its CEO. Indonesia's sovereign fund Danantara stated that its new unit would initially be backed by civil servants of several ministries. However, DSI will hire and develop the technologies for export monitoring. A participant asked who would be responsible for negotiating the prices with end buyers during the transition period and up until December 31, 2026. Danantara has said that it will examine the prices of existing export contracts in order to ensure they do not fall below market level. Prabowo stated last month that the under-priced commodities have cost the country almost a trillion dollars in the last 34 year.
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Oil slips as stocks rally, investors return to tech
Investors rushed to purchase the latest dips in tech stocks on Tuesday, while oil prices fell after Israel and Iran agreed to?halt their attacks against each other for the time being. In Europe, ASML and Infineon led the way with a 0.7% rise in the 'STOXX 600. U.S. Stock Futures rose between 0.5% and 0.8% as Meta, Eli Lilly, Goldman Sachs and other shares grew in pre-market trade. OpenAI, the maker of ChatGPT, filed a confidential U.S. IPO on Monday, just days before SpaceX made its highly anticipated debut in the market this week. Wall Street CEOs and bankers are ecstatic about these mega-cap listing. Kathleen Brooks, XTB's research director, said that on the street "there is some caution" setting in. "Although the SpaceX IPO is expected to be a success, it is not the most interesting event. What is more interesting is the future earnings reports of SpaceX, which must be impressive to justify a valuation of 56 times forward earnings." Oracle's results on Wednesday will be the next major test for technology. Borrowing Costs Investors are also concerned about the rising risks of borrowing costs. U.S. Treasury 10-year yields are over 4.5%, and 30-year yields spent more 'days north of 5% in this year than any other year since 2007, according LSEG data. The Middle East is a hotbed of tensions. And maritime traffic in the Strait of Hormuz is well below the normal level. This keeps oil prices at $90 per barrel. Bank of America analysts said that "Inflation is still sticky enough to cause 46 of 68 central banks around the world to exceed their targets. This helps explain why bonds are being repriced for a tighter policy and why long-duration investments, private credit and some EM currencies struggle." Our Global Breadth Rule indicates that nearly half of the equity markets are already overbought. Leading the way is Korea, Taiwan, and Finland. Bonds have been hit by the prospect that the Federal Reserve will raise rates to combat inflation. The dollar has gained 2% over the past four weeks. The May payrolls report released on Friday helped to cement the idea that at least one rate hike is possible this year. The U.S. Consumer Price Report, which is due on Wednesday, will likely show that energy prices continued to drive headline inflation up in May. Futures prices indicate that a Fed rate hike could happen as early as October. A quarter-point increase is also almost fully priced in for December. The markets are fully priced in for the European Central Bank to raise the rate by a quarter point, from 2.25%, when they meet on Thursday. They also see the key interest rate at 2.5% or even 2.75%. The dollar remained stable at 160.2 yen, well above the 160 yen mark that many believed could lead to more Japanese buying. Satsuki Katayama, the Finance Minister, said on Tuesday that officials were "always ready to take decisive actions." The euro last rose 0.3% to $1.157. This was just above the nine-week low at $1.15. Meanwhile, the pound climbed nearly 0.5%, reaching nearly $1.34 after a three-week low. Brent crude futures fell 2.1% to $92.3 on the commodity markets. Oil prices have fallen from the four-year highs of late April, but they are still 30% higher than in late February. Futures for delivery of crude oil in six months time is 21% above these levels.
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Since May, a cholera outbreak in Nigeria’s Borno has killed 74 people and infected thousands.
Medecins Sans Frontieres, an aid group, said that a cholera outbreak in Nigeria's Borno state, which began in early May, has caused the death of at least 74 individuals and infected over 7,000 others, overwhelming local health facilities. MSF reported 7,850 suspected cases across 14 local governments areas by June 7, citing data from the state health ministry. Infections were increasing 'dramatically each day,' according to MSF. The outbreak strains an already fragile healthcare system in a area at the center of a 17 year Islamist insurgency. There are also problems with water and sanitation and mass displacement. MSF has, in collaboration with the Ministry of Health, set up a cholera-treatment centre in Maiduguri, the capital, to help support the response. Bienfait Tombola is the MSF medical coordinator of the surge response for Maiduguri. MSF reported that it had treated 7,439 patients on average, with 230 admissions a day. More than 500 cases were recorded just on June 5, the most since the response started. The 'waterborne disease' cholera thrives in places without clean water or sanitation. MSF reported that authorities are planning a vaccination program, as the aid group continues to increase treatment, hygiene, and surveillance in order to contain the outbreak. (Reporting from Adewale Klawole, Maiduguri. Writing by Elisha B. Gbogbo. Editing by Alex Richardson.)
QUOTES-Reactions to the death of Iran's president in a helicopter crash
Iranian President Ebrahim Raisi, a. hardliner long viewed as a possible follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, authorities and. state media said on Monday.
The helicopter was likewise bring Foreign Minister Hossein. Amirabdollahian and 6 other guests and team, all of whom. died.
Here are reactions to the news:
SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN:
They used acknowledgements to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of Iran, and his companions.
MARYAM RAJAVI, PRESIDENT-ELECT OF PARIS-BASED NATIONAL. COUNCIL OF RESISTANCE OF IRAN OPPOSITION GROUP:
This represents a huge and irreparable strategic blow. to the mullahs' Supreme Leader Ali Khamenei and the entire. routine, infamous for its executions and massacres.
It will set off a series of consequences and crises within. theocratic tyranny, which will spur rebellious youths into. action.
Menstruation of moms and those looking for justice for the. executed, together with the damnation of the Iranian individuals and. history, mark the tradition of Ebrahim Raisi, the well-known. wrongdoer of the 1988 massacre of political prisoners.
UNITED STATES SPECIFY DEPARTMENT:
The United States expressed its main condolences for. the death of Raisi and other authorities in a helicopter crash,. the State Department said.
As Iran picks a new president, we declare our assistance. for the Iranian people and their struggle for human rights and. fundamental freedoms, department representative Matthew Miller said. in a declaration.
US DEFENSE SECRETARY LLOYD AUSTIN:
Austin said he had no insight into the cause of the. helicopter crash.
I can't hypothesize on what might have been the cause, he informed. press reporters.
AFGHANISTAN'S ACTING PRIME MINISTER MULLAH MOHAMMAD. HASSAN AKHUND:
We share in the grief of the Islamic Republic of Iran and. its individuals and extend our acknowledgements to all the households of the. victims, the country, and the federal government of Iran.
In these hard times, we stand together with the people of. Iran and wish forgiveness for all the victims of this. incident and for perseverance for their families.
CHINA'S FOREIGN MINISTRY REPRESENTATIVE:
President Xi Jinping has actually already sent out a direct message to. Iran's very first vice president, Mohammad Mokhber.
Xi stated President Raisi made crucial contributions towards. Iran's security and stability, and towards establishing the. thorough strategic partnership between China and Iran.
PALESTINIAN PRESIDENT MAHMOUD ABBAS, IN A STATEMENT:
We extend our genuine acknowledgements and compassion to the. brotherly Iranian people for the passing of the late President. Ibrahim Raisi and the Foreign Minister, hoping to Almighty God. to bestow His huge mercy upon the departed Iranian President and. the others, and to give patience and solace to their families,. affirming the uniformity of the State of Palestine and its. people with the Iranian leadership and people in this great. condition.
PAKISTAN PRIME MINISTER SHEHBAZ SHARIF, ON X:
The great Iranian country will overcome this catastrophe with. customary nerve.
Pakistan will observe a day of grieving and the flag will. fly at half mast as a mark of respect for President Raisi and. his companions and in uniformity with brotherly Iran.
INDIAN PRIME MINISTER NARENDRA MODI ON X:
Deeply saddened and stunned by the awful death of Dr. Seyed Ebrahim Raisi, president of the Islamic Republic of Iran. His contribution to strengthening India-Iran bilateral. relationship will always be remembered.
My wholehearted condolences to his family and the people of. Iran. India stands with Iran in this time of sorrow.
RUSSIAN PRESIDENT VLADIMIR PUTIN:
Seyed Ebrahim Raisi was an impressive politician whose. entire life was dedicated to serving the Motherland.
As a real pal of Russia, he made an important personal. contribution to the development of good neighbourly relations. in between our countries and made fantastic efforts to bring them to. the level of strategic collaboration.
OPEC SECRETARY GENERAL HAITHAM AL GHAIS:
In these difficult times, on behalf of myself and all the. personnel at the OPEC Secretariat, I extend my acknowledgements and. sympathy to the esteemed management and individuals of the Islamic. Republic of Iran and the families of HE President Raisi and. other officials.
IRAQ PRIME MINISTER MOHAMMED SHIA AL-SUDANI:
We extend our wholehearted acknowledgements and compassions to the. Supreme Leader of the Islamic Republic, Ali Khamenei, and to. the nation of Iran, its government and individuals.
We reveal our uniformity with the brotherly Iranian individuals. and the authorities of the Islamic Republic throughout this painful. disaster.
TURKISH PRESIDENT TAYYIP ERDOGAN:
As a coworker who personally saw his efforts for the. peace of the Iranian people and our area throughout his time in. power, I remember Mr. Raisi with regard and gratitude, Erdogan. composed on X.
In a phone call with acting Iranian President Mohammad. Mokhber, Erdogan said Raisi and Foreign Minister Hossein. Amirabdollahian's contributions to Turkey-Iran ties will always. be remembered, according to Erdogan's workplace.
LEADER OF YEMEN'S HOUTHIS ABDUL MALIK AL-HOUTHI:
It is with fantastic remorse and sorrow that we received the. news of the unfortunate incident of the President of the Islamic. Republic, Mr. Ibrahim Raisi, the Minister of Foreign Affairs,. Dr. Hussein Amir Abdullahian, and their companions.
HAMAS DECLARATION:
The statement communicated Hamas' deepest condolences ... for. this immense loss.
It applauded the deceased Iranian leaders for supporting the. Palestinian cause and resistance versus Israel and expressed. confidence that Iran's deep-rooted institutions will enable it. to overcome the repercussions of this fantastic loss.
THE PALESTINIAN IRANIAN-BACKED ISLAMIC JIHAD GROUP:
The martyrdom of the President and his Foreign Minister is. a fantastic loss for the Islamic Republic.
It stated his loss was an excellent one for the Palestinian individuals. in these tough circumstances, as they played a prominent and. clear function in supporting and assisting the struggle of the. Palestinian individuals.
NECHIRVAN BARZANI, PRESIDENT OF THE IRAQI KURDISTAN AREA:
The passing of President Raisi is a tremendous disaster and a. extensive loss for the Islamic Republic of Iran, its people, and. its buddies.
Nonetheless, we have faith that the noble individuals of Iran. and the Islamic Republic will conquer this enormous loss. May. God Almighty offer assistance and protection to all, and may. the memory of the departed be blessed.
ARAB LEAGUE PRIMARY AHMED ABOUL GHEIT, IN A DECLARATION:
We hope to God to shower them with mercy and forgiveness. and to motivate their families with perseverance and solace.
SUDAN'S SOVEREIGN COUNCIL HEAD ABDEL FATTAH AL-BURHAN, IN A. STATEMENT:
While the President of the Sovereign Council extends his. genuine condolences and compassion to the friendly Iranian people,. he prays to God Almighty that he may have mercy on the President. and his buddies, and give their families patience and. solace, revealing the solidarity of the Government of Sudan and. its individuals with the leadership and the Iranian individuals in this. excellent loss.
MALAYSIAN PRIME MINISTER ANWAR IBRAHIM, ON FACEBOOK:
President Raisi exhibited a deep commitment to the. welfare of his people and the self-respect of his nation, which. represents a proud and rich civilisation rooted in the. concepts of Islam.
His commitment to justice, peace, and the uplift of the. ummah was really inspiring.
ITALIAN PRIME MINISTER GEORGIA MELONI ON BROADCASTER CHANNEL. 5 TELEVISION:
I see in these hours that the Iranian authorities are. crediting the thesis of the mishap and not conspiracy. theories.
I do not see any modifications in the internal order in Iran, we. remain in consistent contact with our European and G7 allies since. we are speaking about an occurrence that is part of an especially. intricate local structure.
I hope that the future Iranian leadership wants to devote. itself to the stabilisation and pacification of the region.
CHARLES MICHEL, PRESIDENT OF THE EUROPEAN COUNCIL, ON X:
The European Union expresses its genuine acknowledgements for. the death of President Raisi and Foreign Minister Abdollahian,. in addition to other members of their delegation and team in a. helicopter mishap. Our ideas go to the households.
EGYPTIAN PRESIDENT ABDEL FATTAH EL-SISI:
The president of the Arab Republic of Egypt ... prays that. the deceased Iranian President and the departed might rest in God. Almighty's mercy, and give their families persistence and solace,. expressing the uniformity of the Arab Republic of Egypt with the. Iranian management and individuals in this awful incident.
LEBANON'S IRAN-BACKED HEZBOLLAH GROUP, IN A STATEMENT:
It applauded the battle of the martyrs in defending the. causes of the nation and their service to Iran, getting in touch with God. to bless them with his mercy, to protect Khamenei, and to approve. Iran the capability to conquer the ordeal with patience and. determination.
JORDAN'S KING ABDULLAH, ON X:
My inmost acknowledgements to the bros, leadership,. federal government and people of the Islamic Republic of Iran on the. death of Sibling President Ebrahim Raisi, Foreign Minister. Bro Hossein Amir Abdullahian and those accompanying them,. might God have grace on them all.
We stand in uniformity with our siblings in Iran in this. tough circumstance
UAE PRIME MINISTER SHEIKH MOHAMMED BIN RASHID AL-MAKTOUM:
Our hearts are with you in this challenging time. Our prayers. are that God will cover them with His large grace and stay them. in His roomy Paradise.
SYRIAN PRESIDENT BASHAR AL-ASSAD, IN A DECLARATION:
Assad affirmed Syria's uniformity with the Islamic Republic. of Iran and the families of the dead.
Assad added that Syria had worked with the late president to. ensure strategic ties in between Syria and Iran remained. flourishing, recalling Raisi's important see to Syria as part. of enhancing ties for the benefit of both countries.
QATAR'S EMIR SHEIKH TAMIN BIN HAMAD AL-THANI, ON X:
Sincere acknowledgements to the government and individuals of the. Islamic Republic of Iran ... asking God Almighty for grace and. forgiveness for them and for their households with perseverance and. solace.
JAPAN'S FEDERAL GOVERNMENT REPRESENTATIVE YOSHIMASA HAYASHI:
Japan expresses its deepest condolences to the government. and individuals of Iran over the death of President Raisi and the. foreign minister.
VENEZUELAN PRESIDENT NICOLAS MADURO, ON X:
Deeply saddened to have to bid farewell to an excellent. person, an amazing leader of the world as our sibling. Ebrahim is, and will constantly be, an exceptional human being,. protector of the sovereignty of his people and genuine. friend of our country..
(source: Reuters)