Trump Cuts South Korea Drills, Cites Kim Ties
The call
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President Donald Trump said the United States will "substantially reduce" joint military exercises with South Korea, according to a Truth Social post reported by BBC News. Trump cited his "very good relationship" with North Korean leader Kim Jong Un and said the drills were "costly" and sent a "totally inappropriate and hostile" signal, with much of the expense borne by the United States.
The announcement followed South Korea's decision to stay out of the US-led effort against Iran, the BBC reported. Separately, Bloomberg reported on the shape a Treasury-led economic isolation campaign against Iran, led by Treasury Secretary Scott Bessent, could take.
In the Middle East, Trump's envoy Jared Kushner met with a Hamas delegation led by Khalil al-Hayya in Egypt on Sunday to discuss implementation of the US-backed Gaza peace plan, a Palestinian official told the BBC, ahead of planned talks with Israeli Prime Minister Benjamin Netanyahu.
In markets, Stripe agreed to acquire AI infrastructure firm OpenRouter for more than $7 billion, according to Hacker News commentary citing the deal, extending a run of consolidation in AI agent tooling. Crypto Briefing reported that $11 billion in 2026 funding is reshaping crypto's permissionless infrastructure, though the report did not detail deployment timelines. Crypto markets were largely closed for the weekend, with thin liquidity limiting directional signal.