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May 4th - According to a report by Irans Nokari News Agency on the evening of May 3rd, data from the maritime information company "Tanker Tracker" website shows that 25 oil tankers carrying crude oil left Iran in April, some of which have already reached their destinations. The report stated that seven tankers returned to Iran in the Arabian Sea due to a US blockade, two were seized by the US in the Indian Ocean, and one sailed to the Far East. Of the remaining 15 tankers, most arrived at their destinations in the first half of April.U.S. 10-year Treasury futures rose 5 points, and 30-year Treasury futures rose 8 points.U.S. Republican Senator Lindsey Graham: I fully support President Trump’s decision to launch the “Freedom Initiative” aimed at restoring freedom of navigation in the Strait of Hormuz, a vital passage to the global economy that has been blocked by Iranian “terrorism.”① Iran 1. Iranian Foreign Ministry Spokesperson: Trumps boasting of acting like a "pirate" is a direct admission of crime. 2. An Iranian supertanker "evaded" US Navy tracking and is heading towards the Riau Islands of Indonesia. 3. Iranian official: Iran is studying more than eight alternative trade routes or channels. 4. Iran says all traffic in the Strait of Hormuz must obtain Iranian permission. 5. Foreign Affairs Advisor to Irans Supreme Leader: Trumps recent words and actions cannot hide the "shattering of White House illusions." 6. Manager of the National Iranian Oil Company: Despite the threats, we drilled thousands of oil wells and reservoirs during the war to maintain production and exports. 7. Iran is reviewing the US response to the 14-point proposal and is not currently conducting nuclear negotiations. ② United States 1. US media reports that Iran is not demanding the lifting of the Strait of Hormuz blockade before direct negotiations. 2. Acting US Attorney General: Trumps statement that military action in Iran is not war is correct, and the claim that it is illegal is invalid. 3. Trump stated in an interview that Irans new proposal is unacceptable. 4. Witkov stated that Washington is currently in dialogue with Iran. Iran has not yet responded. 5. Trump: Operations to guide ships stranded in the Strait of Hormuz out of the Strait will begin Monday (Middle East time), noting that US representatives are actively consulting with Iran. 6. US media: Sources say the US submitted a revised draft agreement on Sunday aimed at ending the war, in response to the latest proposals from Iranian officials. ③ Israel 1. Israel approves plan to purchase new fighter jets from the US. 2. The Israeli military claims the earlier rocket attack in northern Israel was a miscalculation. 3. Israeli Prime Minister: An additional 350 billion shekels will be allocated to the Israeli defense budget over the next ten years for domestic ammunition production. 4. The Israeli Prime Minister ordered all government ministers not to give media interviews on Iran. ④ Strait of Hormuz 1. US Treasury Secretary Bessant: Irans attempts to collect tolls for ships have had little effect; he is not surprised by the increased number of ships passing through the Strait of Hormuz. ⑤ Ceasefire Negotiations 1. Media reports reveal details of Irans latest negotiation plan, which includes three phases. The first phase includes "transforming the ceasefire into a full ceasefire within 30 days." ⑥ Other situations: 1. Israeli airstrikes in southern Lebanon resulted in 8 deaths and 11 injuries. 2. Mertz stated that the US troop reduction in Germany was unrelated to his remarks regarding the war with Iran.The British government is prepared to begin consultations on joining the EUs £78 billion loan program for Ukraine.

New York property magnate contests "every element" of contempt order Trump probe

Aria Thomas

Jul 07, 2022 11:16


Cushman & Wakefield (NYSE:CWK), which appraised several properties belonging to Donald Trump, protested "every facet" of an order finding it in contempt of court in regard to subpoenas issued in a civil investigation into whether the former president manipulated asset valuations.


Justice Arthur Engoron of a New York state court in Manhattan determined Tuesday that Cushman, one of the world's largest real estate companies, was in contempt and imposed $10,000-per-day fines beginning July 7.


He chastised Cushman for delaying over its most recent date to obtain an extension to comply with subpoenas issued by New York Attorney General Letitia James, adding that the business "had only itself to blame if it chose to disregard the approaching deadlines."


Engoron acknowledged that James subpoenaed Cushman for a "vast" number of documents, but maintained that state law supported such a sweeping demand.


Cushman petitioned a state court of appeals in Manhattan to revisit the contempt ruling against Engoron and provide him extra time to comply with the subpoenas.


Cushman has indicated that it has provided over 650 assessments and several hundred thousand pages of documents since February, and has denied any charges that it has worked in bad faith.


A spokesman for James did not immediately respond to requests for comment.


James, a Democrat, is investigating whether Trump and his family business, the Trump Organization, inflated the assessments of golf courses, hotels, and other real estate to qualify for favorable loans then dropped the prices to avoid paying taxes.


Her office's ability to acquire documents is vital as it prepares to subpoena Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, on July 15.


Trump, a Republican, has called James' inquiry a "politically motivated witch hunt."


When Engoron convicted him in contempt on April 25, he paid $110,000 in fines. On Monday of last week, the court lifted the contempt order.