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Here’s a quick recap of the crypto landscape for Friday (June 20) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$103,366, a decrease of 0.9 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$102,624 and a high of US$106,042 as the market opened.

Bitcoin price performance, June 20, 2025.

Bitcoin price performance, June 20, 2025.

Chart via TradingView.

The Bitcoin price stalled after reaching around US$106,500, then sank below US$104,000 as an unusually large expiry of options and futures contracts worth US$6.8 trillion occurred on US stock indexes.

The US Federal Reserve held interest rates steady on Wednesday (June 18), but Christopher Waller, a member of the Federal Reserve Board of Governors, said a cut is possible next month if inflation remains controlled.

Cuts typically boost risk assets like Bitcoin. Markets have already pushed the US dollar index to a three year low, so a surprise rate cut could further weaken the dollar and propel Bitcoin forward.

Ethereum (ETH) is currently priced at US$2,415.98, a 3.5 percent decrease over the past 24 hours. Its lowest valuation on Friday was US$2,396.50, and its highest valuation was US$2,556.46 as trading commenced.

Altcoin price update

  • Solana (SOL) was priced at US$139.45, down 4.1 percent over 24 hours. SOL experienced a low of US$136.98 after peaking at its opening price of US$147.68.
  • XRP pulled back from its opening price of US$2.17, its highest valuation of the day, to trade at US$2.12 as the markets wrapped, a 2.1 percent decrease in 24 hours. Its lowest valuation on Friday was US$2.09.
  • Sui (SUI) closed at US$2.72, a declineof 3.9 percent over the past 24 hours. Its price also peaked this morning at US$2.85 and its lowest valuation was US$2.66.
  • Cardano (ADA) is priced at US$0.5783, down 3.6 percent in 24 hours. Its lowest valuation on Friday was US$0.5636, and its highest valuation was US$0.6044.

Today’s crypto news to know

Coinbase launches Stablecoin payments platform for e-commerce

Coinbase Global (NASDAQ:COIN) has unveiled a new product called Coinbase Payments, designed to help online retailers accept stablecoins like USDC with minimal friction. The system is built to mirror traditional card infrastructure so that merchants can plug it in without having deep cryptocurrency knowledge.

The platform targets marketplaces such as Shopify (TSX:SHOP,NYSE:SHOP) and eBay (NASDAQ:EBAY), giving small to medium businesses a cost-effective alternative to credit card fees.

Shopify is the first to integrate the system, allowing merchants to accept USDC payments through Coinbase’s Layer 2 Base network. The platform supports crypto wallets like Coinbase Wallet, MetaMask and Phantom and includes features for transaction authorization, refunds and recurring payments.

Circle surges as Senate approves Stablecoin Bill

Circle (NYSE:CRCL) shares continued to rally on Friday, jumping another 11 percent after a 34 percent surge the day before, as momentum builds behind a Senate-approved bill to regulate stablecoins.

The GENIUS Act, a bipartisan effort, could bring long-awaited legal clarity to stablecoin issuers like Circle, which manages the US$32 billion USDC token. Although the bill still needs approval from the House and requires a signature from US President Donald Trump, investors are already optimistic.

Circle shares are now trading at US$221, up from an initial public offering price of just US$31 — signaling massive investor confidence amid a changing regulatory climate.

South Korea’s central bank weighs in on stablecoins

Bank of Korea Governor Rhee Chang-yong said at a press conference this week that the central bank is not opposed to a won-based stablecoin, but is concerned about managing the FX of the token, according to Reuters report.

‘Issuing won-based stablecoin could make it easier to exchange them with a dollar stablecoin rather than working to reduce the use of a dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex,’ Chang-yong told reporters in Seoul.

Earlier this month, South Korea’s Democratic Party proposed the Digital Asset Basic Act, which aims to establish a regulatory framework to enable local companies to issue won-denominated stablecoins.

Parataxis to launch institutional Bitcoin treasury company

Parataxis Holdings, an affiliate of digital asset-focused investment company Parataxis Capital Management, announced Friday that it has entered a definitive agreement to acquire a controlling interest in biotech company Bridge Biotherapeutics (KOSDAQ:288330) for an investment of 25 billion South Korean won, roughly US$18.5 million.

Following the closing of the deal, Parataxis will become Parataxis Korea and be repurposed as a treasury vehicle for institutional Bitcoin exposure, joining a growing list of companies holding Bitcoin on their balance sheet.

“Inspired by the growing interest in BTC treasury strategies seen in companies like Strategy in the US and Metaplanet in Japan, we believe institutional interest in this space is increasing globally,” said Andrew Kim, a partner at Parataxis Capital. “We see South Korea as an important market in the evolution of BTC adoption.”

“We are incredibly excited to create the first BTC treasury company in South Korea backed by an institutional-grade platform. Given the strategic nature of BTC on the global stage and its finite supply, we believe that building and growing a company like Parataxis Korea and accumulating a BTC treasury will benefit our shareholders as well as the country over the long run,” echoed founder Edward Chin.

Kraken introduces Bitcoin staking with Babylon partnership

Kraken, a leading cryptocurrency exchange, made a landmark announcement on Thursday (June 19), revealing a strategic partnership with Bitcoin staking protocol Babylon to introduce a staking product that allows Kraken users to earn interest on their Bitcoin holdings without the need for bridging, wrapping or lending.

These traditional methods, while enabling some forms of yield generation, can introduce additional risks and technical hurdles for users. Kraken and Babylon aim to provide a more streamlined, secure and accessible way for Bitcoin holders to generate passive income. The interest earned through this new product will come in the form of BABY tokens, the native cryptocurrency of the Babylon protocol.

Arizona advances bill to create state Bitcoin reserve

Arizona is one step closer to becoming the second US state with an official Bitcoin reserve, after its Senate narrowly passed House Bill 2324. The bill allows the state to hold abandoned digital assets as unclaimed property and establishes a Bitcoin and digital assets reserve fund for those holdings. The news comes on the heels of House Bill 2749, which was signed into law in April and amended Arizona’s forfeiture laws to recognize digital assets.

HB2324 will now return to the House for final approval before heading to the governor’s desk. Earlier efforts to invest seized funds directly into BTC were vetoed by Governor Katie Hobbs, who cited concerns over crypto’s volatility.

If passed, Arizona would join New Hampshire in formalizing a state-level Bitcoin reserve.

Similar legislation is pending in Texas.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

President Donald Trump told reporters Friday that his Director of National Intelligence, Tulsi Gabbard, is ‘wrong’ in her assessment that Iran is not close to building a nuclear weapon.

Trump’s comments came after he departed Air Force One en route to his Bedminister, New Jersey, golf club, when he stepped aside to take a few questions from reporters. 

‘She’s wrong,’ Trump said after he was asked about Gabbard’s assessment that Iran is not close to building a nuclear weapon. ‘My intelligence community is wrong.’

Trump’s remarks were preceded by a question from a reporter asking the president, who publicly opposed the Iraq war roughly 20 years ago, what made this situation with Iran different – considering no weapons of mass destruction were ever found after the George W. Bush administration invaded Iraq. 

‘There were no weapons of mass destruction. I never thought there were. That was somewhat pre-nuclear. You know, it was –  there was a nuclear age, but nothing like it is today,’ Trump said. ‘And it looked like I’m right about the material that they’ve gathered already [in Iran]. It’s a tremendous amount of material. And I think within a matter of weeks, or certainly within a matter of months, [Iran was] going to be able to have a nuclear weapon. We can’t let that happen.’

In March, DNI Gabbard said during an opening statement to the Senate Intelligence Committee that that the intelligence community ‘continues to assess that Iran is not building a nuclear weapon and Supreme Leader Khamenei has not authorized the nuclear weapons program that he suspended in 2003.’

Meanwhile, last week Gabbard posted a cryptic three and a half minute video on X last week, warning of the risks of a potential nuclear war, and blasting ‘warmongers’ for bringing the world ‘closer to the brink of nuclear annihilation than ever before.’

President Donald Trump said aboard Air Force One earlier this week that he doesn’t care what Gabbard says, ‘I think they were very close to having one,’ when pressed on the pair’s divergent opinions. 

This week, according to The Guardian, Senate Intelligence Committee Vice Chair, Sen. Mark Warner, D-Va., said Gabbard’s assessment has been ‘reconfirmed’ by current intelligence.

Fox News Digital reached out to Gabbard’s office for comment but did not receive an immediate response.

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While Democratic senators are blaming President Donald Trump for the ongoing Iran-Israel conflict, Republicans are urging the president to continue standing in support of Israel as it attempts to eliminate Iran’s nuclear weapon capabilities.

This comes as Israel and Iran, two major powers in the Middle East, are locked in a heavy missile war. Israel, a U.S. ally, has been targeting Iranian nuclear facilities with the intent of keeping Iran from utilizing nuclear weapons, something Trump has long advocated.

Following intense speculation that Trump would join the conflict by launching a U.S. strike on Iran, the White House issued a statement from the president in which he said there is a ‘substantial chance’ for renewed negotiations to end the conflict. In the statement, Trump said he would decide which path to take in the next two weeks.

The White House has said that any deal with Iran would have to include a full commitment to not developing nuclear weapons, including no uranium enrichment, a necessary step to developing nuclear weapons. Iran has said it will not accept an agreement with a zero enrichment provision. 

Speaking with Fox News Digital in the halls of the Capitol, Sen. Elizabeth Warren, D-Mass., slammed Trump for pulling the U.S. out of a nuclear agreement of which Iran was a part during his first term. 

‘The way to keep Iran from having a nuclear weapon is through negotiation,’ she said. ‘We actually had that deal, and Donald Trump threw it out the window.

That means we lost our inspectors, we lost the plans that had been made,’ she continued.

‘Right now, we need more deconfliction in the area. We need to bring down the temperature between Israel and Iran. That’s what’s best for Israel and Iran, it’s what’s best for the region and for the whole world,’ said Warren.

Sen. Tammy Duckworth, D-Ill., also blamed Trump, saying, ‘He’s the one who put us out the deal in the first place,’ which she said ‘very much so’ contributed to the ongoing conflict.

While he said the U.S. should not be involved in bombing missions or any other military action against Iran, Sen. Tim Kaine, D-Va., said, What we should do is continue to provide Israel with all the tools they need to defend themselves.’

‘I hope the president will continue to promote a diplomatic solution that we had until he tore it up,’ said Kaine.

Meanwhile, Sen. Angus King, I-Maine, who caucuses with the Democrats, told Fox News Digital that the ‘question is can it be resolved without our involvement.’ He said he hopes Iran ‘will see the light and decide they don’t need to keep developing nuclear fuel.’

On the other side of the aisle, Sen. Ted Cruz, R-Texas, told Fox News Digital that he believes Trump ‘standing unshakably with the nation of Israel’ is the right move to prevent Iran from getting a nuclear weapon.

Israel is being incredibly effective with their military strike against Iran. They’ve taken out the senior military leadership, the leaders who would wage a war have been one after the other after the other surgically taken out by Israel. They are also taking out missile launch sites, and they’re taking out nuclear research sites, the sites where Iran is working to develop a nuclear weapon,’ Cruz explained.

‘Deterrence is always the key,’ said Sen. Markwayne Mullin, R-Ohio. ‘This president has been very clear he’s all about peace, and he doesn’t want to use the might of the United States unless we absolutely have to. I believe deterrence is the best foreign policy, because it shows peace through strength.’

That being said, Mullin said Trump has he’s been ‘very clear for over a decade: In no way are we going to allow the Iranian regime, who is the number one sponsor of terror around the world, to have a nuclear weapon.’

‘So, we need to be prepared to back up Israel if they’re not able to do the job, then we need to be able to finish it,’ he said.

Look, he has said this for 10 years. He has said Iran cannot have a nuclear weapon, full stop,’ said Sen. Katie Britt, R-Ala. ‘So, it is not just about [uranium] enrichment, which absolutely should have never happened and cannot happen, but it is also complete and total dismantlement of the nuclear program.’

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Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran.

U.S. crude oil was last up $1.36, or 1.81%, to $76.50 per barrel by 9:38 a.m. ET, while global benchmark Brent added $1.10, or 1.43%, to $77.80 per barrel. Prices have gained more than 11% over the seven days since Israel began pounding Iran’s nuclear and missile programs.

Follow along for live coverage

Netanyahu ordered Israel’s military to intensify attacks on “strategic targets” in Iran and “government targets” in the country’s capital, Tehran, Israel Defense Minister Israel Katz said in a social media post. The goal of the strikes is to “undermine the ayatollah’s regime,” Katz said.

Israel’s decision to escalate its military operation against the Islamic Republic comes after an Iranian missile reportedly struck a major hospital in the southern city of Beersheba. Katz threatened Iran’s leader Ayatollah Ali Khamenei in the wake of the hospital strike.

Katz said Israel’s military “has been instructed and knows that in order to achieve all of its goals, this man absolutely should not continue to exist,” referring to Khamenei.

President Donald Trump is still considering whether to order a U.S. strike on Iran’s nuclear program. “I may do it, I may not do it, I mean nobody knows what I’m going to do,” Trump told reporters Wednesday.

JPMorgan warned on Wednesday that regime change in a major oil producing country like Iran could have a profound impact on global oil prices. Iran is one of the top producers in OPEC.

“If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research at JPMorgan, told clients in a note.

Supply losses in the wake of a regime change “are challenging to recover quickly, further supporting elevated prices,” Kaneva said.

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Diplomats from Britain, France, Germany and the European Union met with Iran’s foreign minister on Friday, urging the country to continue diplomacy with the U.S. one week after stalled nuclear talks escalated into attacks between Iran and Israel. 

‘We are keen to continue ongoing discussions and negotiations with Iran, and we urge Iran to continue their talks with the United States,’ British Foreign Secretary David Lammy said. ‘We were clear: Iran cannot have a nuclear weapon.’

The meeting, held in Geneva, Switzerland, was the first face-to-face with an Iranian leader since last weekend’s flashpoint. 

‘The good result today is that we leave the room with the impression that the Iranian side is fundamentally ready to continue talking about all important issues,’ German Foreign Minister Johann Wadephul said. He said the two sides had held ‘very serious talks.’

The meeting with Iranian Foreign Minister Abbas Araghchi lasted for more than three hours.

‘Military operations can slow Iran’s nuclear program but in no way can they eliminate it,’ French Foreign Minister Jean-Noël Barrot said. ‘We know well — after having seen what happened in Afghanistan, in Iraq, in Libya — how illusory and dangerous it is to want to impose regime change from outside.’

In a joint statement, France, the U.K., Germany and the E.U. said they shared their ‘grave concerns’ with Araghchi ‘with regard to the escalation of tensions in the Middle East and reiterated their firm commitment to Israel’s security,’ adding that ‘all sides should refrain from taking steps which lead to further escalation in the region, and urgently find a negotiated solution to ensure that Iran never obtains or acquires a nuclear weapon.’

Early last Friday, Israel launched airstrikes against Iranian nuclear sites after nuclear talks seemed to stall, causing Iran to retaliate. The two countries continue to trade strikes. 

Prime Minister Benjamin Netanyahu declared soon afterward that the strikes were necessary to ‘roll back the Iranian threat to Israel’s very survival.’

The meeting also comes less than a month after a report from the International Atomic Energy Agency warned the country is swiftly increasing its stockpile of near weapons-grade enriched uranium. 

On Friday, the European diplomats ‘reiterated their longstanding concerns about Iran’s expansion of its nuclear programme, which has no credible civilian purpose, in violation of almost all JCPoA provisions.’

They added that they ‘discussed avenues towards a negotiated solution to Iran’s nuclear programme, while emphasising the urgency of the matter. They expressed their willingness to continue discussing all questions relevant to Iran’s nuclear programme and broader issues,’ urging Iran to cooperate with the IAEA.

Earlier this week, U.S. President Donald Trump said he may consider a U.S. strike on Iran. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this that Iran’s got a lot of trouble, and they want to negotiate,’ Trump told reporters Wednesday on the U.S. potentially striking Iran as it continues trading deadly strikes with Israel. ‘And I said, why didn’t you negotiate with me before all this death and destruction? Why didn’t you go? I said to people, why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country. It’s very sad to watch this.’

Trump on Friday told reporters the U.S. is ‘willing and able’ to talk to Iran, adding that Iran doesn’t want to talk to Europe. ‘They want to speak to us. Europe is not going to help,’ he said. 

He added that while he was against the war in Iraq in 2003 because he didn’t believe there were weapons on mass destruction, he believes Iran is building a nuclear weapon, saying that Director of National Intelligence Tulsi Gabbard is ‘wrong’ in saying there isn’t enough evidence to conclude that. 

‘The material that they’ve gathered already. It’s a tremendous amount of material. And I think within a matter of weeks, or certainly within a matter of months, they are going to be able to have a nuclear weapon,’ he said. ‘We can’t let that happen.’ 

On Friday, the U.K., France, Germany and EU diplomats, said they also ‘shared their support for discussions to continue’ with Iran and ‘welcomed ongoing US efforts to seek a negotiated solution. They expressed their willingness to meet again in the future.’

 Fox News’ Emma Colton and The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

European and Iranian negotiators ended their talks in Geneva, Switzerland, Friday without a clear breakthrough, but diplomats told The Associated Press they were hopeful of more discussions with the Iranians.

The talks with Iran come a day after White House press secretary Karoline Leavitt delivered a message from President Trump, stating, ‘Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks.’

One former Pentagon official says there is an important issue that is not being discussed.

‘If Iran gives up its nuclear program as Trump has demanded, there’s another problem we’re not talking about, which is how do we get all the nuclear material outside of Iran,’ Michael Rubin, an American Enterprise Institute senior fellow, told Fox News Digital.

Rubin, who has lived in post-revolution Iran, Yemen, and both pre- and postwar Iraq, mentioned that there are a few options available.

‘The United States could do it, but we don’t want boots on the ground.’

He said the International Atomic Energy Agency could be tasked with doing it, adding, ‘Who really trusts the United Nations and U.N. agencies?’

‘If Trump is serious about getting Iran to forfeit its nuclear program, it’s time to start having a conversation with other allies about who could take command, control and custody of this nuclear material until it’s outside of Iran.’

Rubin said he would nominate India to seize the nuclear material.

‘They are trusted by the Americans, they’re trusted by the Israelis and they’re trusted by the Iranians. But we need to start not only being reactive, but also proactive,’ said Rubin

Rubin cited a quote from Margaret Thatcher to George H.W. Bush in 1990 —  ‘Don’t go wobbly on me now, George’ — when Saddam Hussein invaded Iraq. 

‘I suspect Marco Rubio is filling Margaret Thatcher’s britches, that he is the one going around now to our European allies, saying, ‘Don’t go wobbly on me now.,’’ said Rubin.

‘[He] is saying this to everyone else within the European Union and the United Kingdom because if the Europeans have their choice, they’re going to choose quiet over common sense.’

On Thursday, Rubio spoke with counterparts to discuss the ongoing Israel-Iran conflict. 

According to State Department spokesperson Tammy Bruce, he spoke with Australian Minister for Foreign Affairs Penny Wong and French Foreign Minister Jean-Noël Barrot in separate conversations about the ongoing conflict. 

They all agreed to ‘continue to work together closely to commit to a path of peace and ensure that Iran never develops a nuclear weapon,’ Bruce said.

Louis Casiano and The Associated Press contributed to this report.

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The United States Agency for International Development (USAID), an agency essentially dismantled by DOGE amid complaints from Democrats that cutting waste would harm impoverished countries, is at the center of a massive bribery scandal.

A federal contracting officer and three businessmen have pleaded guilty in a scheme involving bribes like cash, NBA tickets, and a country club wedding in a scandal the Department of Justice (DOJ) said was part of a $550 million scam, Fox News Chief Washington Correspondent Mike Emanuel reported Friday. 

Roderick Watson, 57, worked as a USAID contracting officer, according to a DOJ press release, and pleaded guilty to ‘bribery of a public official.’

According to the DOJ, Watson sold his influence starting in 2013, with contractors Walter Barnes, owner of Vistant, and Darryl Britt, owner of Apprio, funneling payoffs through subcontractor Paul Young to hide their tracks. 

‘During the scheme, Britt and Barnes paid bribes to Watson that were often concealed by passing them through Young, who was the president of another subcontractor to Apprio and Vistant,’ the press release explained. 

‘Britt and Barnes also regularly funneled bribes to Watson, including cash, laptops, thousands of dollars in tickets to a suite at an NBA game, a country club wedding, downpayments on two residential mortgages, cellular phones, and jobs for relatives. The bribes were also often concealed through electronic bank transfers falsely listing Watson on payroll, incorporated shell companies, and false invoices. Watson is alleged to have received bribes valued at more than approximately $1 million as part of the scheme.’

Vistant was awarded in November 2023, as part of a joint venture, a contract worth up to $800 million with one of the focuses of that contract being to address ‘a variety of issues affecting the root causes of irregular migration from Central America to the United States,’ an issue that President Joe Biden tasked then-Vice President Kamala Harris with during his presidency.

Several days later, that contract was canceled after USAID published a notice that said Vistant was excluded from government contracting due to ‘evidence of conduct of a lack of business honesty or integrity.’

The joint venture then successfully sued the government over being put on that exclusion list and was re-awarded the contract and given a $10,000 payment in August 2024. 

‘Corruption in government programs will not be tolerated. Watson abused his position of trust for personal gain while federal contractors engaged in a pay-to-play scheme,’ Acting Assistant Inspector General for Investigations Sean Bottary of the USAID Office of Inspector General (USAID-OIG) said in the press release.

‘USAID-OIG is firmly committed to rooting out fraud and corruption within U.S. foreign assistance programs. Today’s announcement underscores our unwavering focus on exposing criminal activity, including bribery schemes by those entrusted to faithfully award government contracts. We appreciate our longstanding partnership with the Department of Justice in holding accountable those who defraud American taxpayers.’    

USAID was one of the public faces and most drastic examples of DOGE’s efforts to cut waste, fraud, and abuse in government, and the effort resulted in the agency’s programs being cut by 83%, while the programs deemed vital were moved to the State Department. 

USAID’s website went dark, and employees were barred from entering its headquarters on Feb. 3, while others had their work put on hold. The Trump administration then announced that all USAID direct-hire personnel would be put on administrative leave.

The agency came under fire for many funding choices, including allocating $1.5 million for a program that sought to ‘advance diversity, equity and inclusion in Serbia’s workplaces and business communities’ and a $70,000 program for a ‘DEI musical’ in Ireland.

During DOGE’s sweep, it was revealed that U.S. dollars were ending up in the hands of terror-linked groups, such as funds reportedly providing ‘full funding’ for al-Qaeda terrorist Anwar al-Awlaki to attend college in Colorado, Fox News Digital previously reported. 

As DOGE was dismantling USAID, many Democrats and media outlets blasted the cuts, claiming they would harm impoverished recipients of aid across the globe and some, including U2 frontman Bono, who said the cuts would lead to over 300,000 deaths. 

Several House and Senate Democrats protested outside of USAID’s headquarters in early February, expressing outrage over the layoffs and cuts, The Hill reported.

‘Anybody who cares about good and effective government should be concerned about the waste, fraud, and abuse in government agencies, including USAID,’ Matthew R. Galeotti, head of the Justice Department’s Criminal Division, said in the DOJ’s press release. 

Fox News Digital’s Diana Stancy and Rachel Wolf contributed to this report.

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“Iran believes in civilian dialogue,” he said. “Directly or indirectly is not important.”

“President Trump can easily stop the war by only one telephone (call) to (the) Israelis,” he said, repeating the Iranian position that talks were impossible while Israeli bombs were striking Iran.

Farahani said that Iran would not countenance halting nuclear enrichment – which Tehran insists is for peaceful purposes – but added that concessions were possible.

“Maybe it can be lower but we don’t stop it,” he said.

Iran says it needs enriched uranium for peaceful purposes, while also manufacturing large quantities of near-weapons-grade material.

Trump’s decision to open a two-week negotiating window before deciding on striking Iran has offered a slim – if improbable – path to a peace deal between Iran and Israel.

Talks are taking place in Geneva between the foreign ministers from Iran, Britain, France, and Germany, along with the European Union’s foreign policy chief, the first confirmed face-to-face meeting of its kind since the conflict began.

After days of increasingly aggressive messages from the Trump administration, it has opened the possibility that military action can be averted.

Indeed, Trump’s own camp appears to be starkly divided on whether to pursue direct strikes against Iran.

“If America gets involved in the war,” Farahani said, “there are so many options and all (of) those options are on the table.”

Pro-government protests Friday on the streets of Tehran saw an outpouring of anger at both Israel and the United States.

Chants of “death to Israel, death to America” – a staple at such events – rang out, while Iranians spoke of their fury at the bombing campaign.

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US President Donald Trump’s self-imposed two-week delay to decide whether to strike Iran has sparked confusion and conjecture in Israel.

Some of Israel’s most senior officials had openly pushed for US involvement, arguing that American military involvement can shorten the conflict and allow Israel to achieve its goal of removing what is has long perceived as an existential threat of a nuclear Iran armed with ballistic missiles.

But after Trump’s new timeline, Israel’s political leaders are being careful in their statements, not wanting to be seen as pushing the president into the exact type of Middle East conflict he has long sought to avoid. Netanyahu and others are more cautious now in their public messaging, extolling the potential benefits of US involvement without calling for it.

US involvement would dramatically change the nature of the conflict, Israel has argued, including a far greater chance of successfully striking Iran’s Fordow nuclear facility, which is hidden deep in a mountain south of Tehran. Such a decisive strike would likely require 30,000-pound bunker buster bombs carried only by American bombers.

“There is an understanding that the Israelis will go for Fordow anyway, but it can be much nastier and less decisive without the Americans,” said Yaki Dayan, the former Israeli consul general in Los Angeles.

After the first week of Israel’s strikes in Iran, the Israeli military no longer has the element of surprise, and the country’s political leadership must decide how far to go with the campaign, a decision that relies heavily on what Trump decides to do.

Israel has followed closely the debate within Trump’s MAGA base between the more isolationist wing that opposes US involvement in a new Middle East war and the camp that sees this as the best opportunity for decisive military action against Iran.

Publicly, Netanyahu has effusively praised Trump. On Wednesday, the Israeli leader said the two speak “frequently.” In a pre-recorded video statement, Netanyahu said, “I think President Trump for his backing.”

But Trump has deviated from the US’ traditional pro-Israel footing in the Middle East, including on negotiations with Iran, a ceasefire deal with the Houthis, and a trip to the region that skipped Israel. The White House decisions have exposed sharp divides between the two leaders.

Even so, the two governments have maintained an ongoing dialogue since Israel began attacking Iran. Dayan said that coordination between Netanyahu and Trump is “much better than people think,” but acknowledged that Trump makes decisions unilaterally, after consulting only a small circle of advisers.

Iranian Foreign Minister Abbas Araghchi was meeting his counterparts from the UK, Germany and France on Friday in Switzerland, which will allow the US to gauge the viability of a diplomatic solution to Iran’s nuclear program. On Thursday, the White House said the contact between the US and Iran “has continued” without offering any details of the communications, even as Trump weighs military strikes.

Trump’s ‘smoke and mirrors’

But the government has not signaled any sense of hysteria about Trump’s decision to hold off on a strike on Iran for two weeks.

“He wouldn’t give himself a deadline that he would have to keep to if he hadn’t already made the decision,” the official said, while acknowledging this interpretation is the most favorable to Israel.

“If you follow the statements for the last two or three weeks, it’s been a lot of zigzagging,” said another Israeli official.

What seemed like a certainty to Israeli officials just 48 hours ago – that Trump would order US military involvement – now appears far less assured. Trump went from saying “we now have complete and total control of the skies over Iran” – taking credit for Israel’s military successes – to giving himself two more weeks to make what could be one the most fateful foreign policy decisions of his presidency.

Israel launched the operation against Iran without a commitment from the US that it would take part in the campaign, officials have said, but the belief was that the headlines of Israel’s military accomplishments could entice Trump to authorize US military involvement.

But as the campaign enters its second week, Israel’s “pace of success is slowing down,” the official said. And as Israel continues its operations over Iran – roughly a thousand miles away – the likelihood of error is increasing, which could affect not only Israel’s actions, but also reduce the chance of US involvement.

“Every day that this goes on, there’s a greater chance that something goes wrong,” the official said, without elaborating.

Pinkas said Trump’s deadline to make a decision underscores that the American leader “cannot be deciphered.” It also raises the possibility that “maybe Netanyahu overplayed his cards here,” he added.

This post appeared first on cnn.com

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Backed by a management team that has built and sold six successful oil and gas companies, Coelacanth is focused on delivering returns through disciplined capital deployment and operational execution.

The Montney Advantage

The Montney Formation spans British Columbia and Alberta and is known for its high levels of recoverable natural gas and liquids. Montney has attracted numerous large oil and gas producers, including companies like Canadian Natural Resources (CNQ), Shell, ARC Resources (ARX), Tourmaline Oil Corp (TOU), and ConocoPhillips (COP). The presence of such large players highlights the importance of this region in contributing to both the Canadian and global energy markets.

Coelacanth’s landholdings are strategically located in the Two Rivers area of Montney, giving it access to a highly productive portion of the basin. Unlike many junior exploration companies, Coelacanth is drill-ready, positioning it favorably among its peers. By securing significant infrastructure and landholdings, Coelacanth ensures its ability to tap into the natural gas and oil resources that lie beneath its properties, a key advantage in the competitive Montney region.

Company Highlights

  • Over 150 net sections of contiguous land in the Two Rivers area, located in the Montney geological fairway, a prolific oil and liquids-rich natural gas region.
  • Strategic proximity to major producers like ARC Resources, Tourmaline Oil Corp, Shell and ConocoPhillips.
  • Fully permitted and funded infrastructure development program, with first production from Two Rivers East Pad started in June 2025 and expected to ramp through the summer.
  • Phase 1 facilities will support initial production of 8,000 boe/d; Phase 2 will add compression and double total capacity by Q4 2025.
  • Nine wells have been drilled and tested at the 5-19 pad, collectively flowing at over 11,000 boe/d in flush test rates.
  • Estimated production growth: 4,000 boe/d in 2025; 11,000 boe/d in 2026; 15,000 boe/d in 2027.

Key Projects

Two Rivers East and Two Rivers West

Two Rivers region of NEBC

The Two Rivers Montney development is the cornerstone of Coelacanth’s growth strategy. This multi-zone resource play features Lower, Upper, Basal and Middle Montney formations, offering significant running room for future development. The company has drilled and tested nine wells on the 5-19 pad (seven Lower Montney, one Upper, one Basal), yielding impressive flush production test rates totaling more than 11,000 boe/d, on a combined basis. Some wells tested at over 1,200 boepd with 50 percent light oil, highlighting strong liquids yields.

u200bTwo Rivers Asset Advantage

Two Rivers Asset Advantage

Two Rivers East started first production in June 2025, with production to be systematically ramped up over the summer. This production is supported by a new Phase 1 facility capable of processing 30 mmcf/d of gas and associated oil. Phase 2, planned for late 2025, will double capacity with added compression.

The Two Rivers West project, already in production, complements the East project with upside in the Upper Montney and delineation potential across additional benches. Test wells have demonstrated commercial deliverability and support long-term production sustainability.

Market Access and Takeaway Agreements

Coelacanth has secured long-term gas takeaway for its growing production base. The company holds firm commitments for up to 100 mmcf/d of natural gas takeaway capacity and has secured processing capacity of up to 60 mmcf/d at a third-party facility. Oil and condensate produced from the Montney light oil window can be trucked to regional terminals or connected via infrastructure to major hubs including Fort Saskatchewan, Edmonton and Prince George.

u200bMarket Access and Takeaway Agreements

On the gas side, Coelacanth has egress options through pipelines such as NGTL, Westcoast and Alliance, and is strategically positioned to benefit from future access to LNG Canada via the Coastal GasLink system.

Board and Management

Rob Zakresky – President and CEO

Rob Zakresky has a significant background in the oil and gas sector, previously serving as the president and CEO of Leucrotta Exploration as well as five additional predecessor companies. He has been with Coelacanth Energy since its inception and is recognized for his strategic leadership and focus on enhancing shareholder value. His expertise in financial management and operations is reflected in his approach to driving the company’s growth.

Bret Kimpton – Vice-president of Operations and COO

Bret Kimpton joined Coelacanth Energy in 2022, bringing a wealth of experience from his previous role as vice president of production at Storm Resources, where he contributed to significant production growth. He has a strong background in construction and operations, especially in the Montney region of British Columbia, managing various fields. His role at Coelacanth focuses on overseeing operational efficiency and implementing the company’s growth strategies.

Nolan Chicoine – Vice-president of Finance and CFO

Nolan Chicoine has also been with Coelacanth Energy since its inception. His responsibilities encompass financial oversight, including financial planning, reporting, and analysis. He plays a crucial role in aligning the financial strategies with the company’s operational goals. His background includes significant experience in financial management as CFO for Leucrotta Exploration, Crocotta Energy, and Chamaelo Energy.

Jody Denis – Vice-president of Drilling & Completions

Jody Denis is the former drilling, engineering & operations engineer at Leucrotta Exploration. Prior to that, he was senior operations advisor at Black Swan Energy, drilling manager at ARC Resources, and drilling and completions manager at Birchcliff Energy.

John Fur – Vice-president Geosciences

John Fur is the former manager, exploration of Leucrotta Exploration, and former senior geophysicist at Crocotta Energy, Chamaelo Energy, Chamaelo Exploration, Viracocha Energy, Canadian Natural Resources, Post Energy, Amber Energy and Husky Oil.

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