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PDEA agents seize P47.6-M drugs in Tawi-Tawi operation

COTABATO CITY — Anti-narcotics agents seized seven kilos of crystal meth (shabu), costing P47.6 million, from two long-known traffickers entrapped in the island town of Sibutu in Tawi-Tawi on Wednesday.

Municipal officials told reporters via text message on Thursday that the suspects are now both in the joint custody of the Philippine Drug Enforcement Agency-Bangsamoro Autonomous Region in Muslim Mindanao (PDEA-BARMM) and the Tawi-Tawi Provincial Police Office.

One of the suspects was injured after running away when he sensed they were selling seven kilos of shabu to PDEA-BARMM agents. He was immediately transported by barangay officials and policemen to a local medical dispensary for treatment.

Edgar T. Jubay, director of PDEA-BARMM, said the operation that resulted in the duo’s arrest, supervised by their provincial team leader, Abraham S. Kalim, was supported extensively by municipal officials and Tawi-Tawi Governor Yshmael I. Sali and units in the province of the Police Regional Office-Bangsamoro Autonomous Region under Brig. Gen. Jaysen De Guzman.

Mr. Jubay said they will use the confiscated P47.6-million shabu as evidence in prosecuting them in court for their criminal offense.

The operation was planned with the help of local executives and traditional Sama and Tausug community leaders, long aware of the large-scale peddling of shabu by the two suspects, now both locked in a police detention facility.

“Part of the credit for the arrest of these two suspects goes to vigilant local executives in Tawi-Tawi, to the military’s Western Mindanao Command, the Police Regional Office-Bangsamoro Autonomous Region and the confidential tipsters who reported their drug trafficking activities to our agents in the province,” Mr. Jubay said. — John Felix M. Unson

PHL stocks drop as global oil prices surge again

BW FILE PHOTO

PHILIPPINE STOCKS dropped anew on Thursday following a two-day climb as the prolonged war in Iran caused global oil prices to spike again, worsening inflation concerns.

The bellwether Philippine Stock Exchange index (PSEi) retreated by 0.72% or 44.75 points to close at 6,113.58, while the broader all shares index went down by 0.66% or 22.63 points to end at 3,405.40.

“PSEi ended lower as the market entered selling mode after oil prices surged again to $100 per barrel,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message. “The spike in oil heightened inflation concerns and dampened investors’ risk appetite, raising the possibility of a rate hike by the Bangko Sentral ng Pilipinas (BSP). As a result, broad-based selling emerged across sectors as market sentiment turned cautious.”

“The local market pulled back as worries over the Middle East conflict and its impact on oil prices dominated sentiment again. This comes after Iran warned of oil hitting $200 per barrel amid its war with the US. The peso’s weakness also weighed on the local bourse,” Philstocks Financial, Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.

Last week, BSP Governor Eli M. Remolona, Jr. said headline inflation could breach 4% if oil hits $100 a barrel, adding that if fuel prices rise sharply and persistently, they could be forced to tighten their policy stance.

Meanwhile, the peso weakened by 21.5 centavos to close at P59.385 against the greenback on Thursday from P59.17 on Wednesday, data from the Bankers Association of the Philippines showed.

Global shares fell on Thursday as attacks on oil tankers in the Gulf shattered any prospects of an imminent de-escalation in the Middle East conflict, pushing oil prices above $100 a barrel and stoking fresh inflation concerns, Reuters reported.

Brent crude futures jumped as much as 10.4% to $101.59 a barrel, before trimming gains, as doubts persisted over whether reserve releases would be enough to cushion the hit from the Middle East supply shock.

US crude futures were last trading 5.2% higher at $91.82.

Majority of sectoral indices closed lower on Thursday. Mining and oil fell by 2.27% or 425.13 points to 18,294.38; services decreased by 3.28% or 93.34 points to 2,751.89; industrials went down by 0.37% or 33.27 points to 8,870.84; financials dropped by 0.34% or 6.75 points to 1,949.43; and property sank by 0.25% or 5.20 points to 2,039.42.

Meanwhile, holding firms climbed by 1.32% or 62.06 points to 4,732.27.

Decliners outnumbered advancers, 125 to 60, while 65 names closed unchanged.

Value turnover rose to P8.37 billion on Thursday with 1.05 billion shares traded from the P7.95 billion with 1.37 billion issues that changed hands on Wednesday.

Net foreign selling increased to P453.03 million from P219.41 million. — A.G.C. Magno with Reuters

Eala earns 120 ranking points in Paribas ahead of Miami return

ALEX EALA — BNPPARIBASOPEN.COM

FOR Alexandra “Alex” Eala, the Indian Wells turned into a deep well of invaluable treasures.

The Filipina tennis pride may have ended her debut in the “Fifth Grand Slam” with a Round of 16 exit but she’s taking along with her precious ranking points, luxurious purse and vital lessons that could only serve her well in bigger tournaments down the road.

“I know that I belong here,” said the 20-year-old rising star, considering her overall campaign in the 2026 BNP Paribas Open (Indian Wells) in California a resounding success in spite of a foiled quarterfinal bid.

“I do leave with happiness. Of course, the initial feelings after the match are a tough pill to swallow but I’m in the 4th round of the Indian Wells and I’m really happy about that. It’s something that I’m really proud of. I wish it could have ended under different circumstances but it is what it is.”

Ms. Eala, world No. 32 in the Women’s Tennis Association (WTA) rankings, absorbed a 6-2, 6-0 defeat to world No. 14 Linda Noskova of Czechia for an abrupt end to her debut in the California desert.

A scholar of the Rafael Nadal Academy, Ms. Eala played two of her three matches at the Stadium 1 of the “Tennis Paradise,” the world’s second-biggest tennis stadium with 16,100 strong capacity next only to the home of the US Open at the Arthur Ashe Stadium in New York (23,771).

And that desert became a cradle of feats for Ms. Eala none bigger than her haul of 120 ranking points to barge inside the Top 30 for a new-career best.

From No. 32 last week, Ms. Eala soared to No. 28 according to the WTA live rankings for a good stepping stone to her Top-20 bid when she returns to the Miami Open next week.

Ms. Eala also raked in $105,720 or over P6.3 million. But the bigger prize was the invaluable learnings she gained from the wins and as well as the losses against the world’s tennis superpowers.

“There will be a next time for sure,” added Ms. Eala, who had a first-round bye as the 31st seed before beating world No. 52 Dayana Yastremska of Ukraine and world No. 4 Coco Gauff of the United States, 6-2, 2-0 (ret.) to be in the Last 16 among a stacked 96-player field.

“But my experiences here mean a lot. I’ve been able to bring out a certain level and dig really deep. In all circumstances even in a loss, it’s a learning experience for me. It means a lot to have these experiences even though I wouldn’t consider (Wednesday’s) match as a positive experience for me but down the line, I believe it will have a positive impact on my progression as a player.”

And that next time is just around the corner as Ms. Eala takes only a short breather before strutting her stuff once again in the Miami Open on March 17 to 29.

It’s billed as a grand return for the international tennis poster girl, stunning the world in the said tourney in 2025 with a magical final four run marked by wins against three Top 25 and Grand Slam champions as a wildcard all the way from the qualifiers.

But the stakes are higher and the orders are taller for Ms. Eala this time around in Florida, needing to defend her ranking points upon its expiration in 52 weeks or exactly a year later.

Ms. Eala broke out in Miami from WTA No. 140 to inside the Top 100 with 390 points last year and she has to replicate a semifinal finish or surpass it just to retain those points. Otherwise, a drastic drop in her rankings points is projected, not in a time when she’s already lurking in the Top 20.

“That’s exactly my goal,” she vowed, counting on the support of the Filipinos once again in a different Eastern state from California which boasts the biggest population of her compatriots around the world at around two million.

“I just want to thank not just the Filipino fans but to everyone here in the Indian Wells. This is really a big tournament where a lot of tennis fans go to support.”

Unlike last time as only a wildcard, Ms. Eala is already seeded into the main draw of the Miami Open, her fourth straight 1000-level tour this year, and she’s ready for the challenge may it be against all the odds anew. — John Bryan Ulanday

Phoenix eyes winning debut for coach Charles Tiu against Magnolia in PBA Commissioner’s Cup

CHARLES TIU — NCAA/ANGELA DAVOCOL

Games on Friday
(Ninoy Aquino Stadium)
5:15 p.m. – Blackwater vs NLEX
7:30 p.m. – Magnolia vs Phoenix

PHOENIX seeks to give coach Charles Tiu a winning debut and its redemption tour an auspicious start as it battles Magnolia in the PBA Season 50 Commissioner’s Cup on Friday at the Ninoy Aquino Stadium.

The Fuel Masters installed Mr. Tiu as the man at the helm at the start of the year, replacing Willy Wilson who steered them to a 3-8 record and ninth place in the season-opening Philippine Cup.

Also poised to hit the ground running in their maiden appearances are 6-foot-10 import James Dickey III and No. 8 rookie selection Will Gozum, who join forces with Phoenix holdovers led by veteran Jason Perkins and young guns Ricci Rivero, Ken Tuffin, Kai Ballungay and Tyler Tio.

Standing in their way are the Hotshots, who are out to improve on their quarterfinal showing in LA Tenorio’s first conference in charge during the last All-Filipino.

Magnolia changed reinforcements ahead of its maiden gig, tapping 6-foot-9 South Sudanese Anunwa “Nuni” Omot in lieu of original choice Terrell Brown-Soares.

The Fuel Masters and the Hotshots mix it up in the 7:30 p.m. main game.

Kicking off Day 2 action in the import-spiced tournament are NLEX and Blackwater at 5:15 p.m.

Like the Hotshots, the Road Warriors aim to go deeper this time after getting stranded in the last 8 of the previous conference.

The Jong Uichico-coached squad signed up 6-foot-10 former NBA player Cady Lalanne and acquired Schonny Winston and Kevin Racal in a trade to reinforce the crew spearheaded by Robert Bolick, Kevin Alas, Tony Semerad, Brandon Ramirez and JB Bahio.

The Bossing pin their hopes on 6-foot-11 Daniel Ochefu, who finally makes his first PBA bow after his aborted stint with Rain or Shine in the 2023 edition. Mr. Ochefu is expected to provide inside presence and leadership to the likes of Sedrick Barefield, Christian David, Dalph Panopio, RK Ilagan and Abu Tratter. — Olmin Leyba

Knicks escape 18-point hole to beat Utah Jazz

JORDAN CLARKSON — FIBA

JORDAN CLARKSON scored 17 of his season-high 27 points during a decisive surge over the final 16 minutes on Wednesday for the New York Knicks, who overcame an 18-point first-half deficit to beat the Utah Jazz, 134-117, in Salt Lake City.

Clarkson, who played the previous five-plus seasons with Utah, logged his highest point total since Feb. 5, 2025, when he scored 31 points for the Jazz in a win over the Golden State Warriors.

The Knicks shot a blistering 64.4% (29 of 45) in the second half and ended the game on a 53-27 run as they snapped a two-game losing streak and improved to 2-2 on a five-game road trip.

Jalen Brunson scored 28 points for the Knicks and converted a three-point play that put New York ahead for good at 96-94 with 1.6 seconds left in the third. OG Anunoby had 22 points and Karl-Anthony Towns finished with 21 points while Mohamed Diawara added 10 points off the bench.

Brice Sensabaugh scored 29 points to lead five players in double figures for the Jazz, who made 14 of their first 18 3-point attempts — including eight in a row in the first quarter — before cooling off and losing for the 17th time in 22 games.

Utah made just four of its final 18 shots from beyond the arc.

The Jazz led 41-26 at the end of the first and opened a trio of 18-point leads in the second before the Knicks began inching back. Utah carried a 65-56 lead into halftime and led by double digits eight times in the third before Clarkson’s layup with 3:16 remaining began the game-ending rally.

The Knicks took their first lead since the first quarter at 93-92 on a pair of free throws by Anunoby with 33.4 seconds left in the third. Isaiah Collier responded with a jumper before Brunson’s three-point play.

Clarkson scored 13 points in the fourth, when he hit the 3-pointer that put the Knicks ahead by double digits for good at 112-101 with 7:37 left. New York led by as many as 22 down the stretch. — Reuters

Giant-killing journey of Arctic football minnows Bodo/Glimt continues in Champions League

STOCKHOLM, Sweden — The football world may have been surprised by another giant-killing performance by Arctic minnows Bodo/Glimt, but for coach Kjetil Knutsen, their 3-0 thrashing of Sporting on Wednesday was just another step in their amazing Champions League journey.

The win extended their run of victories in the competition to five, with Sporting added to a list of defeated opponents that includes Manchester City, Atletico Madrid and Inter Milan twice.

Asked if the result would send shockwaves through European football, Knutsen was his usual sanguine self, never letting an individual result affect how he sees the progress his club is making.

“I think we’re on a great journey now, and I don’t think we should reflect too much on that right now — I think we should evaluate the game, what was good, what was less good, and then we should work on it,” he told reporters.

It has become a familiar tale — a bigger club brings a squad bristling with talent to the minnows from the fishing town inside the Arctic Circle and promptly gets an unexpected, but well-deserved thrashing from a team made up of nine Norwegians, a Danish striker and a Russian-Israeli keeper.

Nothing Bodo does on the pitch is a secret. They invite their opponents to attack them, defending narrowly and then hitting them on the break, and it has proved to be a very successful formula.

On Thursday morning, he and his staff will sit down in their offices underneath the grandstand at the Aspmyra Stadium to plan their approach to the return leg in Lisbon next Tuesday, with a place in the Champions League quarterfinals up for grabs.

“It’s so complex, but we have to be just as humble and hungry for what’s to come,” Knutsen said. — Reuters

World Baseball Classic roundup: Canada beats Cuba to advance

ABRAHAM TORO homered, Otto Lopez hit a two-run single and Canada defeated Cuba, 7-2, to advance out of Pool A at the World Baseball Classic on Wednesday in San Juan, Puerto Rico.

Canada won Pool A after tying Puerto Rico at the top of the standings with a 3-1 record and holding the head-to-head tiebreaker with the pool host team. Cuba (2-2) would have advanced with a win.

Canada will face the United States, the Pool B runner-up, on Friday in Houston.

Canadian starter Cal Quantrill pitched five stellar innings, allowing two hits and one unearned run. Quantrill (five) and reliever James Paxton (six) combined for 11 of the Canadians’ 13 strikeouts. Owen Caissie had a run batted in (RBI) sac fly and a run-scoring single, and both Bo and Josh Naylor added an RBI.

Ariel Martinez contributed an RBI single and accounted for three of Cuba’s five hits. Yoan Moncada’s double was the only extra-base hit. — Reuters

Adebayo’s 83 points

The National Basketball Association (NBA) is so replete with athletic specimens that truly extraordinary performances have become all but nonexistent. The other day, however, fans were treated to a number so startling it demanded immediate entry into the league’s mythology. With the crowd at Kaseya Center roaring and the scoreboard steadily climbing, Bam Adebayo delivered a stat line not even his most ardent supporters thought was possible. Known more for defense, versatility, and leadership than scoring pyrotechnics, he managed to put up a whopping 83 points.

For a generation, the hierarchy of scoring explosions had seemed fixed: Wilt Chamberlain’s century at the summit and Kobe Bryant’s unforgettable 81 in 2006 firmly entrenched beneath it. Adebayo’s eruption rearranged the order in one remarkable outing, courtesy of a box score punctuated by a record-setting 36 made free throws on 43 attempts. Needless to say, the showing also rewrote the Heat record book, surpassing the franchise mark of 61 previously set by LeBron James. To argue that the leap was surreal for a player whose previous career high was just 41 would be to understate the obvious.

Interestingly, the contest unfolded like a steadily intensifying drumbeat. Adebayo scored 31 points in the opening quarter alone and reached 43 at the half. And since he had 62 by the end of the third period, his purpose crystallized. There was no denying the Heat would win, particularly with the tanking Wizards on tap. In question, however, was whether he would surpass Bryant’s aggregate. Which, to no one’s surprise, his teammates (and even head coach Erik Spoelstra) tried to answer positively. He gave his all as well, and he ultimately found success through no small measure of gamesmanship and a practically endless parade to the free-throw line.

Naturally, the achievement did not escape the modern NBA’s habit of spurring immediate debate. Just as many observers rushed to herald the sheer improbability of the feat as examined it with a critical eye. Was it organic? Was it chased? Should the Heat have continued feeding Adebayo as the points accumulated? The questions emerged reflexively even in triumph, and conventional wisdom was effectively presented with a choice: celebrate the moment or audit it.

To be sure, history tends to resolve such arguments with ruthless simplicity. Numbers endure long after the scrutiny fades. On future lists of the NBA’s greatest point-producing spectacles, the order will now read: Chamberlain, Adebayo, Bryant. And there can be no discounting the manner in which he inserted himself between two of the sport’s most iconic scoring figures. On one fateful night in Miami, the improbable became permanent, and league annals gained another unexpected, unforgettable chapter.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

Frasco exits DoT, named as presidential adviser

CHRISTINA G. FRASCO — PHILIPPINE STAR/KRIZ JOHN ROSALES

President Ferdinand R. Marcos Jr. has reassigned Christina G. Frasco as a Presidential Adviser for Sustainable and Resilient Communities on Thursday after serving as the tourism secretary for over three years.

In a statement relayed by the Presidential Communications Office (PCO) Undersecretary Claire Castro, the move to reassign Ms. Frasco to a climate-related post is due to the “increasing climate-related hazards and disruptions that affect local economies and livelihoods.”

“The President has tasked Secretary Frasco to take on this role to help strengthen the implementation and sustained follow-through of priority national initiatives at the community level,” the statement said.

The statement added that Mr. Marcos expresses his appreciation for Ms. Frasco’s service as the Department of Tourism (DoT) chief and said he is confident that her experience working with local government units and communities will continue to support the Administration’s priorities.

Ms. Frasco was appointed as Tourism Secretary in 2022, following her term as the mayor of Liloan, Cebu.

During her post as Tourism Secretary, she faced several criticisms, including scrutiny on social media over promotional materials that featured her images.

Following the issue, a directive in February orders the removal of all her images across regional offices.

The DoT will be headed temporarily by Undersecretary Verna Buensuceso as the officer-in-charge. — Almira Louise S. Martinez

Mercury Drug to expand free kidney screening to 50 more branches

Urine Albumin-to-Creatinine Ratio (UACR) screening at Mercury Drug Shangri-La Plaza in Mandaluyong. — ALMIRA S. MARTINEZ

Local drugstore chain Mercury Drug Corp. plans to expand its free kidney screening program to 50 more branches, aiming to help more Filipinos avoid the catastrophic complications of Chronic Kidney Disease (CKD).

“We are expanding the kidney screening to 50 branches to bring pre-screening for blood sugar, blood pressure, and kidney health through Urine Albumin-to-Creatinine Ratio (UACR) testing closer to more Filipinos,” Corazon S. Lim, vice-president for merchandising at Mercury Drug Corp., said.

She made the announcement during the signing of an agreement with AstraZeneca Philippines and Diabetes Philippines, which serve as partners and equipment providers for the drugstore’s free kidney screening initiative.

The planned expansion will add to the existing four sites, launched in January, that offer free UACR testing, Dr. Reynaldo S. Rosales, treasurer of Diabetes Philippines, told BusinessWorld. UACR testing detects early signs of kidney damage by identifying the presence of protein in the urine.

Other health screenings are also available at the sites, including blood pressure measurement, random blood sugar testing, and body mass index (BMI) assessment, which help identify risk factors associated with CKD.

Mr. Rosales said early screening for CKD is important because it is considered a silent disease, with symptoms often appearing only when the condition has already reached advanced stages.

Detecting the disease early could also help families and the government avoid the high cost of treatment, particularly dialysis.

Philippine Health Insurance Corporation (PhilHealth) paid nearly P27 billion for more than two million hemodialysis claims for the first half of 2025

When asked about the timeline for completing the expansion and where the additional screening sites will be located, Mr. Rosales did not disclose the details, saying discussions with the drugstore are still ongoing to determine which branches will host the screening services.

“It’s a slow process. Hopefully, it will depend on Mercury Drug on how we can expand,” Mr. Rosales said on the sidelines of the event.

As of this writing, the free kidney screening test is available at Mercury Drug Corporation branches located in Shangri-La Plaza and The Pavilion Mall in Mandaluyong City, Ayala Malls Trinoma in Quezon City, and in Noveleta, Cavite.

About 1,000 patients per month are screened at each of the two Mercury Drug screening sites, helping detect early signs of kidney disease as well as Heart Disease and Diabetes Mellitus, Mr. Rosales said.

Since 2024, the partnership has screened around 44,000 patients, about 4% of whom tested positive for possible CKD, Mercury Drug earlier said.

Following the signing of the agreement, Mr. Rosales said doctors will now also be available at the four screening sites every Sunday. Patients may immediately receive medical advice and be recommended medication or additional laboratory tests if necessary.

Mr. Rosales urged Filipinos — particularly those with risk factors such as high blood pressure, high blood sugar, and individuals aged 60 and above — to undergo CKD screening.

Meanwhile, Lotis Ramin, country president of AstraZeneca Philippines, said the initiative aims to challenge the country’s status quo, where about 7 million Filipinos are estimated to be living with stage 3 CKD and above, while around 90% remain undiagnosed despite the high incidence.

“That’s why partnerships focused on early screening remain very important, because this can change the trajectory and outcomes for these patients,” Ms. Ramin said in her speech.

EIGHT GOLDEN RULES FOR KIDNEY CARE
To help prevent the development of kidney disease, Mr. Rosales emphasized the importance of following the “Eight Golden Rules for Kidney Care.”

These include maintaining proper control of blood pressure.

Mr. Rosales noted that a blood pressure level of 130/80 mmHg is preferable compared with the commonly cited threshold of 140/90 mmHg.

He also highlighted the importance of managing blood sugar levels, maintaining a balanced diet that includes vegetables and fruits, and setting aside time for regular exercise, even simple activities such as chair yoga during work breaks.

Proper hydration is also important, he said, encouraging people to drink adequate amounts of water, even more than the recommended six to eight glasses per day, especially amid the advent of the dry season.

Lastly, Mr. Rosales advised avoiding smoking and limiting the use of pain relievers and supplements without proper medical guidance, while ensuring regular medical checkups. — Edg Adrian A. Eva

Six vessels attacked in Gulf, Strait of Hormuz as war puts merchant ships on front lines

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. — REUTERS

DUBAI/BASRA, Iraq — Explosive-laden Iranian boats appear to have attacked two fuel tankers in Iraqi waters, setting them ablaze and killing one crew member on Wednesday, after projectiles struck four vessels in Gulf waters, said port, maritime security and risk firms.

The latest attacks on ships linked to the US and Europe mark an escalation in the conflict between Iran and US-Israeli forces, raising the number of ships struck in the region since fighting began to at least 16.

Shipping in the Gulf and along the narrow Strait of Hormuz, which carries around a fifth of the world’s oil, has come to a near-standstill since the US and Israel began strikes on Iran on Feb. 28, sending global oil prices surging to highs not seen since 2022.

Iran’s Revolutionary Guards have said that if attacks on Iran continued, they would not allow “one liter of oil” to be shipped from the Middle East to the US, Israel or their partners.

US President Donald J. Trump warned Washington would strike Iran harder if it blocked oil exports and said oil companies should use the Strait because “just about all of (Iran’s) navy is gone.”

The vessels targeted in Wednesday’s late-night attacks in the Gulf near Iraq were the Marshall Islands-flagged Safesea Vishnu and the Malta-flagged Zefyros, which had loaded fuel cargoes in Iraq, two Iraqi port officials said.

Iraq’s State Organization for Marketing of Oil (SOMO) said the Safesea Vishnu was chartered by an Iraqi company contracted with SOMO, and that Zefyros was loaded with condensate products from Basra Gas Company. Both were attacked in the ship-to-ship loading area within Iraqi territorial waters, SOMO said.

IRAQI OIL PORTS CLOSED
Iraq’s oil ports have completely stopped operations following the assaults, while commercial ports continue to function, Iraq’s state news agency said, citing the head of the state-run General Company for Ports of Iraq (GCPI).

The United Kingdom Maritime Trade Operations (UKMTO) said the crew of one ship had been evacuated and were reported safe.

“A boat belonging to the Iraqi Ports Company rescued 25 crew members from the two vessels, and the fires are still burning on both ships,” Farhan al-Fartousi, GCPI’s director general, told Reuters.

Iraqi rescue teams continue searching for other seafarers.

“We recovered the body of a foreign crew member from the water,” one port security official said.

The Safesea Vishnu’s commercial operator and beneficial operator are Safesea Transport Group and Safesea Group, respectively, according to data from Lloyd’s List Intelligence.

Those US-based companies did not immediately respond to requests for comment.

One Iraqi port security source said Zefyros is flagged in Malta and provided Reuters with a list of crew names.

Lloyd’s List Intelligence data showed UK-based Cygnus Tankers Limited as the commercial operator and the George & Vassilis Michael family group of companies, a key player in Greek shipping, as the beneficial owner of a tanker matching that name and flag registry.

Cygnus Tankers did not immediately respond to requests for comment. Reuters was not able to immediately reach the beneficial owner.

REVOLUTIONARY GUARDS HAVE SAID SHIPS WILL BE TARGETED
Iran’s Revolutionary Guards have repeatedly warned that any ship passing through the Strait of Hormuz will be targeted.

Two projectiles of unknown origin struck the Thai-flagged Mayuree Naree dry bulk vessel as it sailed through the strait earlier on Wednesday, causing a fire and damaging the engine room, the ship’s Thai-listed operator Precious Shipping said in a statement.

“Three crew members are reported missing and believed to be trapped in the engine room,” Precious Shipping said.

“The company is working with the relevant authorities to rescue these three missing crew members,” it said, adding that the remaining 20 crew members had been safely evacuated and were ashore in Oman.

Images provided by the Thai navy showed smoke pouring out of the back of the ship.

Iran’s Guards said in a statement carried by the Tasnim news agency that the ship was “fired upon by Iranian fighters,” suggesting the first direct engagement by the Guards who have previously fired missiles or drones.

The US Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, sources familiar with the matter told Reuters.

Mr. Trump has said the US is prepared to provide naval escorts whenever needed.

THREE OTHER SHIPS SUSTAIN MINOR DAMAGE
The Japan-flagged container ship ONE Majesty also sustained minor damage on Wednesday from an unknown projectile 25 nautical miles (46 kilometers) northwest of Ras Al Khaimah in the United Arab Emirates (UAE), two maritime security firms said.

Its Japanese owner Mitsui O.S.K. Lines and a spokesperson for Ocean Network Express, its charterer, said the vessel was struck while at anchor in the Gulf and an inspection of the hull revealed minor damage above the waterline.

All crew are safe, they said, adding that the vessel remains fully operational and seaworthy. The owner said the cause of the incident remained unclear and was under investigation.

A third vessel, a bulk carrier, was also hit by an unknown projectile approximately 50 nautical miles (92.6 kilometers) northwest of Dubai, maritime security firms said.

The projectile had damaged the hull of the Marshall Islands-flagged Star Gwyneth, maritime risk management company Vanguard said, adding that the vessel’s crew were safe. Owner Star Bulk Carriers said the ship was hit in the hold area whilst anchored. There were no crew injuries and no listings.

Early on Thursday, UKMTO said an unidentified projectile struck a container ship, causing a small fire, 35 nautical miles north of Jebel Ali in the UAE. The crew were reported safe.

The Guards’ statement included a reference to another ship, which it said was hit by projectiles — usually a reference to drones — on Wednesday morning. Reuters was not immediately able to confirm that report.Reuters

US opens unfair-trade probes to rebuild Trump’s tariff pressure

REUTERS

WASHINGTON — US President Donald J. Trump’s administration on Wednesday said it was launching two new trade investigations into excess industrial capacity in 16 major trading partners and into forced labor, to rebuild tariff pressure after the US Supreme Court tore down much of Mr. Trump’s tariff program last month.

US Trade Representative (USTR) Jamieson Greer said that the “Section 301” unfair trade practices investigation could lead to new tariffs imposed against China, the European Union (EU), India, Japan, South Korea and Mexico by this summer.

Other trading partners subject to the excess capacity probe include Taiwan, Vietnam, Thailand, Malaysia, Cambodia, Singapore, Indonesia, Bangladesh, Switzerland and Norway. Canada, the second-largest US trading partner, was not mentioned as a target of the probe.

“So, these investigations will focus on economies that we have evidence appear to exhibit structural excess capacity and production in various manufacturing sectors, such as through larger persistent trade surpluses or underutilized or unused capacity,” Mr. Greer told reporters on a conference call.

USTR’s official notice for the excess capacity probe cited the automotive sector in China and in Japan, and said a growing number of companies were unprofitable or unable to meet interest payments from operations.

It said that despite China’s electric vehicle (EV) capacity outstripping national demand, the country’s top EV maker, BYD, was “aggressively expanding” its overseas manufacturing footprint, with factories in Uzbekistan, Thailand, Brazil, Hungary and Turkey and was expected to expand capacity in Europe, where existing automotive plants are operating at only 55% of capacity.

USTR cited large US trade surpluses in Germany and Ireland as evidence of EU excess capacity. Singapore had excess global capacity in semiconductors despite a trade deficit with the US and Norway had excess capacity by evidence of large fuels and seafood exports, it added.

FORCED LABOR PROBE
Mr. Greer also said that on Thursday he would initiate another probe under Section 301 of the Trade Act of 1974 to ban US imports of goods produced with forced labor. That investigation covers more than 60 countries.

The US has already cracked down on solar panel imports and other goods from China’s Xinjiang region under the Uyghur Forced Labor Protection Act signed into law by former President Joseph R. Biden, and the probe could expand such actions to other countries.

Mr. Greer said he wanted other countries to enforce bans on goods produced with forced labor similar to those enshrined in a nearly century-old trade law.

The US alleges that Chinese authorities have established labor camps for ethnic Uyghur and other Muslim groups in the western region, though Beijing denies allegations of abuse.

Mr. Greer said that he hoped to conclude the Section 301 investigations, including proposed remedies, before new temporary tariffs imposed by Mr. Trump in late February expire in July. After the Supreme Court struck down Mr. Trump’s global tariffs as illegal under a national emergencies law on Feb. 20, he imposed a 10% tariff for 150 days under Section 122 of the Trade Act of 1974.

He laid out a swift timeline for the excess capacity probe, with public comments accepted through April 15, and a public hearing slated for about May 5.

The probes offer the Trump administration an avenue to rebuild a credible tariff threat against trading partners to keep them negotiating and implement trade deals that were cut to reduce his higher tariff rates under the International Emergency Economic Powers Act.

Mr. Greer said the new probes, long telegraphed by administration officials, should come as no surprise to trading partners, and they should stick to their deals, although he stopped short of saying that this would make them immune to all new Section 301 tariffs.

He said that Mr. Trump was determined to pursue tariffs and “will find a way to deal with unfair trading practices. He’ll find a way to get our trade deficit down. He’ll find a way to protect US manufacturing. We have a lot of tools to do it,” Mr. Greer said.

The probes come as Trump officials led by US Treasury Secretary Scott Bessent prepare this week to meet with Chinese counterparts in Paris to set the stage for Mr. Trump to meet Chinese President Xi Jinping in Beijing at the end of March.

Mr. Trump’s tariffs on Chinese goods were effectively cut by 10 percentage points by the Supreme Court decision and subsequent temporary tariffs, reducing US leverage on China trade and export controls.

Mr. Trump during his first term used a Section 301 probe to back his tariffs on many Chinese imports of about 25% and the law is widely viewed as legally robust, having withstood prior court challenges.

The excess capacity probe targets an area of concern raised with China by successive administrations from Mr. Trump’s first term through the Biden administration, growing state-supported manufacturing output that is flooding the world with cheap goods.

Mr. Greer said this includes production “untethered” to market demand and that the problem has spread to other countries. He said the probe will focus on evidence including large global current account surpluses, government subsidies, suppressed domestic wages, noncommercial activities of state-owned enterprises, inadequate environmental and labor standards, subsidized lending and currency practices. Reuters

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