Connect with us

Business

Iran faces ‘economic D-Day’, says US Treasury Secretary Scott Bessent

Published

on

US Treasury Secretary Scott Bessent's head and shoulders in profile. He has grey hair and glasses. He is wearing a grey suit with a US flag lapel pin, a silver tie, and a white shirt. Behind him in soft focus are US flags and a podium.

The US Treasury Secretary has threated Iran with “the single greatest financial offensive ever”, claiming the US-Israel war with Iran was “entering its endgame”.

Scott Bessent said the US would sever all economic ties with the country in “an economic D-Day” and that any nation partnering with Iran financially would also be isolated.

Bessent’s threat to the Iranian regime follows several U-turns and extended deadlines from US President Donald Trump’s administration on previous threats.

Iran dismissed Bessent’s comments and said it would shut down all oil exports from the region “if the war continues”, according to news agency Reuters.

Advertisement

The Iranian regime has also issued a new warning to shipping not to pass through the Strait of Hormuz without its permission, the agency reported.

One fifth of the world’s oil and gas usually passes through strait, a waterway south of Iran, but the flow has been effectively blocked by the country since the conflict began at the end of February.

Bessent made the comments in an opinion piece for the Financial Times, external. He did not detail what the economic pressure on Iran would involve, but he is expected to do so in a press conference in the US at 13:00 local time (18:00 BST) on Monday.

“The world should understand that our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone,” he wrote in the piece.

Advertisement

The US has made several threats to Iran over the course of its war with the country, including Trump saying in April that “a whole civilisation will die tonight” unless Iran agreed a deal to end the war and unblock the Strait of Hormuz.

The US eventually climbed down from that position after mediator Pakistan intervened and called for more diplomacy.

The Iranian regime already faces tough economic sanctions from the US.

Former US president Barrack Obama and several US allies had agreed a deal with the country in 2015 which lifted many sanctions in return for Iran agreeing to limit its nuclear programme.

Advertisement

However, Trump pulled out of that deal in 2018, calling it “defective at its core, and reimposed all US sanctions on Iran.

During Joe Biden’s term as US president, he made some attempts to reinstate the Obama-era deal, but this did not happen.

In April this year, the Trump administration launched a wave of sanctions on foreign banks and firms doing business with Tehran after it became clear its military operations had not caused Iran’s regime to surrender.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Suspect in Oregon Quintuple Murder Found Dead in Washington a Day After Bodies Discovered on Rural Property

Published

on

Police Line

FOREST GROVE, Ore. — A suspect in the killings of five people found on a rural property outside Forest Grove, Oregon, was found dead in a vehicle in Enumclaw, Washington, on Sunday, authorities said, a day after the victims’ bodies were discovered following a report of a vehicle fire.

The Washington County Sheriff’s Office identified the suspect as 36-year-old Benjamin Charles Parker. Investigators believe Parker died by suicide, according to a news release from the sheriff’s office issued Sunday evening. “Officers from the Enumclaw Police Department located Parker’s vehicle and found him deceased inside,” the sheriff’s office said in its statement. “It is believed he died by suicide.” Officials said there was no ongoing threat to the public.

Authorities have not disclosed how investigators were led to Parker or detailed his connection to the victims, though Washington County Sheriff Caprice Massey said Parker was known to the people killed. “Detectives do not believe there is a danger to the public,” Massey said, according to Portland CBS affiliate KOIN. Massey separately told reporters that investigators believe Parker “was known to the subjects,” according to NBC News. Detectives have said they do not believe the killings were random, though authorities have not publicly disclosed a possible motive.

Advertisement

Parker’s vehicle, with his body inside, was located behind a Safeway store in Enumclaw, a small city roughly 50 miles southeast of Seattle, according to the Enumclaw Police Department.

The case began early Saturday morning, Aug. 22, when the sheriff’s office responded to a report of a vehicle fire at a property on Northwest Otis Lane, a dead-end street off Hillside Road in a rural, unincorporated area of Washington County outside Forest Grove, roughly 25 to 30 miles west of downtown Portland. Responding sheriff’s deputies and fire personnel discovered the remains of five people, along with what officials described as “several domestic animals,” at the scene. Authorities have not disclosed the ages, genders or identities of the victims, how they died, what connections they had to one another, or what types of animals were found dead at the property.

Washington County Sheriff’s Detective Shannon Wilde addressed the ongoing effort to identify the victims during a news conference Sunday afternoon, before Parker’s death was confirmed. “Any time you have one person deceased, let alone five, that’s a logistical challenge,” Wilde said, describing the scope and complexity of the investigation. When asked by reporters about the time that passed between the initial discovery of the bodies and the release of public information the following afternoon, Wilde explained that authorities were working simultaneously to identify the victims, notify their next of kin, and manage what she described as a “very active investigation with a lot of moving pieces,” while ensuring that information released to the public was accurate.

Wilde also offered a limited description of the property itself when pressed by reporters for additional detail, describing the location broadly rather than specifying exactly where on the property the bodies were found. “Rural area, and there are other homes out there, but there’s a lot of vegetation and and land and hills and and forests out there. So I’ll just say it’s a rural area that’s got a lot of various various properties on it,” Wilde said, according to Portland ABC affiliate KATU.

Advertisement

Investigators formally characterized the case as a quintuple homicide, with Wilde reiterating during Sunday’s news conference that all five victims had been murdered. Before Parker’s death was confirmed later that evening, Wilde had emphasized the active and unresolved nature of the case. “There is someone that we don’t have in custody that committed this act,” Wilde said, according to KATU, referring to the still-unidentified suspect at that point in the investigation.

Sheriff Massey, addressing the scale and complexity of the investigation, described it as among the most challenging cases she has encountered during her decades in law enforcement in the region. “I will say that in my 22 years here, I have not been a part of or witnessed a scene quite this complex involving this type of an investigation,” Massey said.

Massey urged members of the public who may be familiar with the property or the people who lived there to come forward with any relevant information they might have, as investigators continue working to fully piece together the circumstances surrounding the killings.

The investigation has involved coordination among multiple law enforcement agencies spanning two states, given that the crime scene itself was located in Oregon while the suspect was ultimately found dead across the state line in Washington. Authorities have not indicated whether the investigation into the full circumstances of the killings, including establishing the precise nature of Parker’s relationship to each of the five victims and determining a specific motive, has been concluded now that the suspect has been confirmed dead, or whether significant investigative work remains ongoing despite the absence of any surviving suspect to charge or prosecute.

Advertisement

As of this report, the Washington County Sheriff’s Office had not released the identities of the five victims, pending notification of next of kin, a standard practice followed in cases involving multiple fatalities while families are formally informed before public identification occurs. Authorities also had not provided additional detail regarding the specific cause of death for any of the five victims, nor had they clarified the nature or number of domestic animals found dead at the property alongside the human victims.

With Parker’s death confirmed and no ongoing threat to the public identified by investigators, attention is likely to shift toward the broader work of formally identifying all five victims and establishing a clearer public account of what led to the killings, even as the case itself, absent a surviving suspect, will not proceed toward criminal prosecution in the traditional sense. The Washington County Sheriff’s Office has indicated the investigation remains active and ongoing as authorities continue working to provide a fuller account of the circumstances surrounding what officials have described as one of the most complex cases the department has handled in more than two decades.

Continue Reading

Business

Ex-FBI Agent Pushes Back on Unfounded Online Theories Blaming Nancy Guthrie’s Family for Her Disappearance

Published

on

Nancy Guthrie

TUCSON, Ariz. — A retired FBI agent has publicly pushed back against conspiracy theories circulating online that have falsely implicated Nancy Guthrie’s daughter and son-in-law in her disappearance, calling the claims unsupported by facts and describing the case in stark terms as a kidnapping for ransom.

Nancy Guthrie, the 84-year-old mother of NBC “Today” show co-anchor Savannah Guthrie, was reported missing from her Tucson-area home on Feb. 1, with investigators believing she was abducted. In the more than six months since her disappearance, some corners of social media have circulated unverified theories suggesting Guthrie’s daughter, Annie, and son-in-law, Tommaso Cioni, were somehow connected to her disappearance, or even responsible for her death. Authorities have strenuously denied any such connection.

Retired FBI Special Agent Jennifer Coffindaffer addressed those theories directly in a post on the social platform X, expressing frustration over what she described as baseless speculation targeting the family. Coffindaffer instead emphasized the close relationship Nancy Guthrie shared with her daughter and son-in-law, who she said served as her primary caregivers. “She loved playing Mahjong and eating Saturday night dinners with them,” Coffindaffer wrote. She went on to describe the couple’s role in supporting Nancy Guthrie’s independence in her later years. “Annie and Tommaso were her caregivers who made sure Nancy could stay in the house she loved and purchased 50 years ago to raise her family.”

Coffindaffer argued that the online speculation has transformed a genuine and painful missing-person case into what she characterized as content designed primarily to generate attention rather than to reflect any credible investigative basis. She specifically referenced circulating claims that Nancy Guthrie had accumulated gambling debts tied to a cartel, or had declined to extend a loan to someone, as examples of theories she said had been fabricated. “All of this was made up for clicks and views by YouTubers and Streamers and proliferated by those who want clicks and views,” Coffindaffer wrote.

Advertisement

Coffindaffer closed her remarks with a direct, unambiguous statement regarding what she believes actually occurred. “Nancy was kidnapped for ransom. That’s the truth. No facade. No fake kidnapping,” she wrote.

Coffindaffer has been an active and closely watched voice throughout the broader Guthrie case, previously raising her own pointed questions about the scope of the search effort conducted by the Pima County Sheriff’s Department, including criticism over how extensively investigators searched the Sonoran Desert surrounding Guthrie’s home following the recent discovery of unrelated human remains roughly 15 miles from the property. Her latest comments, however, focused specifically on defending Guthrie’s immediate family against what she characterized as unfounded and harmful online speculation, rather than on the broader conduct of the official investigation itself.

Authorities investigating Guthrie’s disappearance have not publicly named any suspects, persons of interest, or identified vehicles connected to the case as of this report, despite the investigation now stretching more than six months since she was first reported missing. The Pima County Sheriff’s Department, working alongside the FBI, has continued pursuing a range of investigative leads, including DNA analysis and doorbell camera footage, while periodically releasing information, including the full contents of ransom-related communications, in an effort to generate new public tips.

Guthrie’s family has continued to publicly appeal for information leading to her safe recovery, with a combined reward pool exceeding $1 million contributed by Savannah Guthrie, the FBI and outside nonprofit organizations. That continued, active family involvement in the search effort stands in direct contrast to the unfounded theories Coffindaffer sought to debunk, which had speculated about the family’s own culpability rather than acknowledging their documented role in supporting both Nancy Guthrie’s independence before her disappearance and the broader search effort since.

Advertisement

The spread of unverified conspiracy theories surrounding high-profile missing-person cases has become an increasingly common and challenging dynamic for both investigators and affected families to navigate, particularly as social media platforms and independent content creators have increasingly built substantial audiences around real-time speculation and amateur analysis of unresolved criminal cases. Cases involving public figures or their family members, such as the Guthrie case given Savannah Guthrie’s prominent national television role, tend to draw a disproportionate share of this kind of online speculation, given the significant public interest and media attention the case has generated since Nancy Guthrie’s disappearance first became national news in February.

Coffindaffer’s intervention reflects a broader pattern in which retired law enforcement professionals and other credentialed figures have periodically stepped in publicly to correct what they view as damaging or factually baseless online narratives surrounding active missing-person and criminal investigations, aiming to protect the reputations and emotional wellbeing of family members who are already coping with the trauma of an unresolved disappearance without also having to contend with unfounded public accusations circulating about their own involvement.

As of this report, neither the Pima County Sheriff’s Department nor the FBI has issued a statement specifically addressing the conspiracy theories Coffindaffer sought to debunk, though authorities have consistently maintained throughout the investigation that Guthrie’s disappearance is being treated as an abduction rather than any scenario involving her immediate family. With the case remaining active and unresolved more than six months after Nancy Guthrie was first reported missing, both the investigation itself and the surrounding online speculation, including efforts like Coffindaffer’s to counter unfounded claims, appear likely to continue drawing significant public attention in the weeks ahead.

Advertisement
Continue Reading

Business

Flow Water Services acquired by UK giant

Published

on

Flow Water Services acquired by UK giant

WA water infrastructure specialist Flow Water Services has been acquired by global equipment and critical services provider Centurion Group.

Continue Reading

Business

KXI: International Exposure Offers Limited Benefits

Published

on

KXI: International Exposure Offers Limited Benefits

KXI: International Exposure Offers Limited Benefits

Continue Reading

Business

5 Things to Know About This Leading Melbourne Family Lawyer Handling Complex Cases in 2026

Published

on

Mark Parker Family Lawyer

For people facing separation, divorce or a complicated property dispute, choosing a family lawyer can be one of the most consequential decisions in an already difficult period.

The issues can extend far beyond the end of a relationship. Families may need to resolve questions involving children, property, businesses, trusts, investments, financial agreements and international assets. In higher-value cases, legal disputes can also involve business valuations, taxation, restructuring and complex financial arrangements.

Mark Parker, a partner at Lander & Rogers in Melbourne, has built his practice around family and relationship law, with particular experience in complex financial and property disputes. He has been an Accredited Family Law Specialist since 1991 and is currently listed by Doyle’s Guide as the 2026 market leader for Melbourne family and divorce lawyers.

1. Parker has decades of specialist family law experience

Advertisement

Family law encompasses a wide range of disputes, from relatively straightforward separations to cases involving substantial assets and complicated financial structures.

Parker’s professional career has been heavily concentrated in the field. Rogers says he has been an Accredited Family Law Specialist since 1991. The firm’s current profile also identifies him as a partner in its Family & Relationship Law team.

The specialist accreditation is relevant because it is not simply another professional title. Rogers says accreditation requires lawyers to have practised predominantly in the relevant field for at least five years and to complete a rigorous assessment process involving written work, a complex mock file, client interviewing, an examination and professional references.

Parker’s professional recognition has also continued into 2026.

Advertisement

Rogers says Doyle’s Guide named Parker the Market Leader for Melbourne’s Leading Family & Divorce Lawyers in 2026. He was also ranked Preeminent nationally and in Victoria for high-value and complex property matters and listed as a leading prenuptial agreement lawyer in Australia.

The firm says Parker has also been recognised in Best Lawyers in Australia since 2012.

Professional rankings do not guarantee an outcome in an individual case. Family law matters depend on their facts, evidence and the applicable law. But for a prospective client, a long record of specialist practice can be one factor when assessing a lawyer’s experience.

2. His practice focuses heavily on complex property and financial disputes

For many separating couples, property settlement may involve more than deciding what happens to the family home and bank accounts.

Advertisement

Financial disputes can involve investment portfolios, companies, trusts, professional practices, farms and partnerships. Determining the value and ownership of those assets can become a central issue in negotiations or litigation.

Parker’s professional profile identifies complex property disputes as a major part of his practice. The International Academy of Family Lawyers says his work focuses exclusively on complex property disputes and includes cases involving commercial issues, valuations, taxation and restructuring.

Lander & Rogers similarly lists his experience with trusts, large manufacturing companies, trading entities, professional practices, farming properties and partnerships.

That background can be particularly relevant where one or both parties own a business.

Advertisement

A business can be one of the largest assets in a relationship, but establishing its value may not be straightforward. The company may have retained earnings, intellectual property, property, debts or other interests that need to be assessed.

There can also be disagreement about how a business should be treated following separation.

For example, one person may want to continue operating a company while the other seeks a financial settlement reflecting their interest in the business. That can raise questions about valuation, ownership, control and the practical structure of any settlement.

Rogers has also published guidance on business valuation in family law matters, noting that business valuation can become important where former partners built and operated a business together and only one will retain it after separation.

Advertisement

3. Trusts, valuations and taxation can make a family law case more complicated

Family wealth is not always held directly in an individual’s name.

Trust structures, companies and other arrangements can create additional questions when a relationship ends. The legal treatment of those structures depends on the particular circumstances and the evidence available.

Parker’s practice includes cases involving family trusts and other complex financial structures. His profile specifically identifies experience involving trusts, commercial entities, valuations and restructuring disputes.

Taxation can also become relevant to property settlements.

Advertisement

Rogers has published guidance discussing tax and stamp duty considerations in family law property settlements, noting that the structure of a settlement can have implications for the parties and that appropriate legal and tax advice may be required.

For clients, this highlights why a complex financial dispute cannot necessarily be approached as a simple calculation of assets and liabilities.

A settlement that appears straightforward on paper may have practical consequences involving taxes, transfer costs, business structures or future ownership.

That is particularly important for families with substantial wealth or business interests.

Advertisement

The lawyer’s role may include understanding the financial structure, identifying relevant legal issues and working with other professional advisers where specialist financial, tax or valuation input is required.

Parker’s professional profile reflects this type of multidisciplinary experience, identifying complicated commercial issues, valuations, taxation and restructuring disputes among his areas of expertise.

4. Parker also has experience in international family law

Family disputes increasingly can cross national borders.

A separated couple may have property in different countries. One parent may live overseas. Children may have connections to more than one jurisdiction. Financial agreements may have been signed outside Australia.

Advertisement

These circumstances can introduce additional legal questions, including jurisdiction, recognition of agreements and orders, overseas assets and international parenting disputes.

Parker’s practice includes international family law. Rogers says he has experience with international disputes involving Australian family law and matters connected with Singapore and Hong Kong.

The International Academy of Family Lawyers also lists Parker as a member and describes his practice as having an international dimension.

International cases can be especially sensitive to timing and legal procedure.

Advertisement

For example, someone considering moving overseas with children after separation should obtain appropriate advice before taking action. Rogers has published guidance warning that parents considering international relocation with children should obtain legal advice about the relevant requirements and proper channels for seeking consent or court orders.

The same principle applies to international property and financial disputes. The laws governing an asset or agreement in another country may differ from Australian law.

For a client with cross-border circumstances, experience in international family law can therefore be an important consideration when choosing representation.

5. His practice covers parenting, child support and financial agreements

Although Parker is particularly associated with complex financial and property matters, his practice extends across other areas of family law.

Advertisement

Lander & Rogers lists parenting arrangements, family violence cases, child support, spousal maintenance, financial agreements and alternative dispute resolution among his areas of expertise.

Parenting disputes can require a different approach from financial litigation.

Separated parents may need to resolve where children live, how time is shared, schooling, travel and other issues affecting day-to-day care. Some matters can be addressed through negotiation or mediation, while others may proceed to court.

Parker’s profile says his experience includes alternative dispute resolution, private mediation and litigation involving parenting arrangements.

Advertisement

Child support is another area of his work. The firm says he has experience with applications under child support legislation and the preparation of Binding Child Support Agreements designed around children’s educational and developmental needs.

Financial agreements can also play an important role before or during a relationship.

Parker advises on Binding Financial Agreements for couples contemplating or already in a marriage or de facto relationship. His profile says these agreements can address property settlements, succession planning and intergenerational family wealth.

For families with significant assets, these agreements can be an important part of long-term financial planning, although their suitability and enforceability depend on individual circumstances and legal requirements.

Advertisement

What should clients consider when choosing a Melbourne family lawyer?

Parker’s professional background illustrates why prospective clients may want to look beyond a lawyer’s general title when selecting representation.

His current professional profile identifies him as an Accredited Family Law Specialist, a member of the International Academy of Family Lawyers and a partner at Rogers. In 2026, Doyle’s Guide again listed him as Market Leader for Melbourne family and divorce lawyers and Preeminent for high-value and complex property matters in Victoria.

His experience spans property settlements, business and trust interests, valuations, taxation-related issues, international disputes, parenting arrangements, child support and financial agreements.

For a prospective client, that combination is most relevant where a family law matter involves more than a conventional separation.

Advertisement

At the same time, professional recognition should be considered alongside the specific needs of a case. No lawyer can guarantee a particular result, and family law disputes are determined according to their individual facts, evidence and applicable legal principles.

For people considering legal representation in Melbourne, understanding a lawyer’s specialization, experience and approach can be an important first step before deciding how to proceed.

Disclaimer: This article is for general informational purposes only and does not constitute legal advice. Family law matters are fact-specific. Anyone dealing with separation, parenting, property, financial agreements or related issues should obtain independent legal advice based on their circumstances.

Advertisement
Continue Reading

Business

3 REITs To Buy Before They Hike Their Dividends

Published

on

3 REITs To Buy Before They Hike Their Dividends

3 REITs To Buy Before They Hike Their Dividends

Continue Reading

Business

Market Fear Index Jumps

Published

on

Stocks Little Changed After Fed Decision

The stock market’s so-called fear index jumped ahead of the market open with several key events coming this week.

The Cboe Volatility Index, or VIX, was up 5.1% at 15.91 as ongoing yield pressure in long-term Treasuries alongside tensions in the Middle East hitting crude oil markets added extra macro uncertainty to equities.

U.S. Treasury Secretary Scott Bessent is set to ​hold a press conference at 2 p.m. Eastern time when he is expected to announce details about new economic restrictions on Iran.

Continue Reading

Business

Graduate job vacancies drop by almost 50% in a year

Published

on

A forlorn young woman slumped over a desk looking at a laptop

The number of graduate jobs has fallen almost in half in the past year, according to new figures, as employers cut entry-level roles in favour of AI and battle rising costs.

Jobs website Adzuna said it had just 8,383 graduate vacancies listed in July, down from 15,397 at the same point last year.

Adzuna also found competition among job seekers across all levels is rising, with an average of 2.14 job seekers per vacancy in July, up from 1.93 a year earlier.

Businesses have said employer national insurance and minimum wage hikes have made hiring more expensive, particularly for junior staff.

Advertisement

The number of graduate vacancies listed hit its lowest level since Adzuna started recording such data in 2016. The firm pointed to a peak for graduate roles in 2017, when it had more than 55,800 listed on its website. That is more than six times the number of roles listed on the site in July.

Andrew Hunter, the co-founder of Adzuna, said the figures show “employers still haven’t found a reason to open up hiring” for recent graduates.

Official figures show the UK’s youth unemployment rate – which covers 16-to-24-year-olds – was 16.2% in the three months to March 2026. The number of young people not in education, employment or training (Neet) is now over one million.

Young people have told BBC News previously they have applied for hundreds of jobs before even receiving a response.

Advertisement

They also expressed frustration at the growing number of employers using AI to screen applications.

Many university graduates also face mounting student debt.

Former government minister Alan Milburn is leading a major review of the youth unemployment crisis. He has previously said the number of entry-level jobs is shrinking, as is the number of part-time jobs traditionally filled by teenagers and students.

The Adzuna data also showed vacancies for jobs in travel, teaching and construction rose in recent weeks.

Advertisement

But sectors including healthcare, nursing, hospitality and logistics posted fewer vacancies.

Prime Minister Andy Burnham recently changed the rules for public contracts so that companies bidding for them have to show how they will create jobs and training opportunities.

Continue Reading

Business

Wall St futures under pressure ahead of Bessent briefing, Nvidia earnings

Published

on


Wall St futures under pressure ahead of Bessent briefing, Nvidia earnings

Continue Reading

Business

Endeavour Group Limited (EDVGF) Q4 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript