Breaking: Ferry Sinks Off Bali, US Claims 1-2 Year Setback to Iran Nuclear Program, Trump Demands Fed Chair Quit

Andrew Sheves Good morning.

🇮🇩** Breaking: Ferry Sinks Off Bali**

Dozens missing after ferry carrying 65 people sinks off Indonesia’s Bali. Live Tracker - Al Jazeera

🇮🇷** US Claims 1-2 Year Setback to Iran Nuclear Program**

Pentagon officials said US airstrikes set back Iran’s nuclear program by one to two years, backing Trump’s claims the facilities were “completely obliterated” despite earlier Defense Intelligence Agency assessments suggesting only months of delay. Chief Pentagon spokesman Sean Parnell said the strikes at Fordow, Isfahan and Natanz degraded Iran’s physical capability to construct a bomb, though the location of Iran’s 409-kilogram near-bomb-grade uranium inventory remains unknown. Iran has cut communication with IAEA officials and formally ended inspections after the June strikes. More - Bloomberg

🇺🇸** Trump Demands Fed Chair Quit**

President Trump called for Federal Reserve Chair Jerome Powell to resign “immediately,” escalating his attacks on the central bank chief amid criticism over interest rate policy. Trump’s Truth Social post included a link to coverage of housing regulator Bill Pulte calling for Powell’s investigation over testimony about Fed headquarters renovations. Powell said Tuesday the Fed would have cut rates already if not for Trump’s tariff policies, while maintaining he cannot be legally forced out without cause under Supreme Court precedent. More - BBC

Asia Stability Ratings and News Summary

More Unstable

🇦🇫 Afghanistan, 🇦🇲 Armenia, 🇦🇿 Azerbaijan, 🇧🇩 Bangladesh, 🇧🇹 Bhutan, 🇰🇭 Cambodia, 🇹🇱 East Timor, 🇬🇪 Georgia, 🇮🇳 India, 🇮🇩 Indonesia, 🇰🇬 Kyrgyzstan, 🇱🇦 Laos, 🇲🇻 Maldives, 🇲🇲 Myanmar, 🇳🇵 Nepal, 🇰🇵 North Korea, 🇵🇰 Pakistan, 🇵🇭 Philippines, 🇰🇷 South Korea, 🇱🇰 Sri Lanka, 🇹🇼 Taiwan, 🇹🇯 Tajikistan, 🇹🇭 Thailand, 🇹🇲 Turkmenistan, 🇺🇿 Uzbekistan, 🇻🇳 Vietnam

More Stable

No countries were more stable over this period

Unchanged

🇧🇳 Brunei, 🇨🇳 China, 🇯🇵 Japan, 🇰🇿 Kazakhstan, 🇲🇾 Malaysia, 🇲🇳 Mongolia, 🇸🇬 Singapore

Regional News Summary

In Singapore, authorities have intensified their crackdown on criminal activities, leading to notable arrests. A Malaysian woman was apprehended with 2kg of cannabis and methamphetamine concealed in her motorcycle, while another individual was sentenced for facilitating credit card fraud across the city-state. Additionally, the Singapore Police Force has linked a series of in-flight thefts to organized crime syndicates, underscoring the ongoing challenges in maintaining security in the region [[SOURCE - Malay Mail]](https://www.malaymail.com/news/singapore/2025/06/26/singapore-authorities-nab-malaysian-woman-at-woodlands-with-2kg-of-cannabis-and-ice-hidden-in-motorcycle/181746

Carpe tomorrow!