Sweden, Finland on Course to Join NATO as Russia, China Focus Allies

29 June 2022, Spain, Madrid: NATO Secretary-General Jeans Stoltenberg makes remarks upon his arrival at the NATO summit in Madrid. (dpa)
29 June 2022, Spain, Madrid: NATO Secretary-General Jeans Stoltenberg makes remarks upon his arrival at the NATO summit in Madrid. (dpa)
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Sweden, Finland on Course to Join NATO as Russia, China Focus Allies

29 June 2022, Spain, Madrid: NATO Secretary-General Jeans Stoltenberg makes remarks upon his arrival at the NATO summit in Madrid. (dpa)
29 June 2022, Spain, Madrid: NATO Secretary-General Jeans Stoltenberg makes remarks upon his arrival at the NATO summit in Madrid. (dpa)

Sweden and Finland on Wednesday looked set for fast-track membership of NATO after Turkey lifted a veto on them joining, while concerns about Russia and China are pushing the US-led alliance to approve a broader strategy for the next decade.

After talks in Madrid, Turkish President Tayyip Edrogan on Tuesday agreed with his Finnish and Swedish counterparts a series of security measures to allow the two Nordic countries to progress in their bid to join the US-led alliance.

"We will make a decision at the summit to invite Sweden and Finland to become members," NATO Secretary-General Jens Stoltenberg said of the two countries, who overturned decades of neutrality to apply to join the alliance in mid-May.

While the agreement removed a major hurdle to the Nordic nations joining, their bid must now be approved by the member states' parliaments, a process that could take some time.

Russia's Feb. 24 invasion of Ukraine has given a new impetus to the North Atlantic Treaty Organization after failures in Afghanistan and internal discord during the era of former US President Donald Trump.

"We are very happy that they are to join NATO and we hope that the final decision will be today," Polish President Andrzej Duda said as he arrived at the first formal day of the summit, which began on Tuesday evening with a dinner at Spain's royal palace and is set to agree on NATO's first new strategic concept - its master planning document - in a decade.

Spanish Prime Minister Pedro Sanchez, the host of the summit, told Cadena Ser radio on Wednesday that Russia will be identified as NATO's "main threat" in the strategic concept. Russia was previously classed as a strategic partner of NATO.

The planning document will also cite China as a challenge for the first time, setting the stage for the 30 allies to plan to handle Beijing's transformation from a benign trading partner to a fast-growing competitor from the Arctic to cyberspace.

'More NATO'

Unlike Russia, whose war in Ukraine has raised serious concerns in the Baltics of an attack on NATO territory, China is not an adversary, NATO leaders said. But Stoltenberg has repeatedly called on Beijing to condemn Russia's invasion of Ukraine, which Moscow says is a "special operation".

The Western alliance is also set to agree that big allies such as the United States, Germany, Britain and Canada will pre-assign troops, weapons and equipment to the Baltics and intensify training exercises. NATO is also aiming to have as many as 300,000 troops ready for deployment in case of conflict, part of an enlarged NATO response force.

For NATO, Russia is achieving the opposite of what its President Vladimir Putin sought when he launched his war in Ukraine in part to counter the expansion of the NATO alliance, Western leaders say.

Both Finland, which has a 1,300 km (810 mile) border with Russia, and Sweden, home of the founder of the Nobel Peace Prize, are now set to bring well-trained militaries into the alliance, aimed at giving NATO superiority in the Baltic Sea.

"One of the most important messages from President Putin ... was that he was against any further NATO enlargement," Stoltenberg said on Tuesday evening. "He wanted less NATO. Now President Putin is getting more NATO on his borders."



US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
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US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP

US Treasury Secretary Scott Bessent unveiled Monday what he described as an "economic D-Day" that aims to give a final warning to countries to sever their business ties with Iran or risk having key companies and entities cut off from the dollar-based financial system.

"We are launching an economic onslaught against Iran’s financial connections around ⁠the globe. Our ⁠objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent said.

He added that it’s “no longer acceptable to operate in the gray spaces” of the conflict.

He did not name what countries could face potential secondary sanctions from the United States.

“Let there be no ambiguity as to the position of the United States,” Bessent told a news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

The US Treasury Department has mapped the networks, facilitators, and financial channels that Iran uses to smuggle oil and evade sanctions and said that Washington would be working with US partners to target any source of Iran's "illicit revenue."

The department said it has issued determinations against five sectors -- digital assets, technology, gold, ⁠aviation and shipping -- that the Iranian government is using to prop up its economy. The Treasury has also imposed sanctions on nearly 60 entities, individuals and vessels.

US President Donald Trump's war with Iran, which has pushed energy prices higher worldwide, is about to hit its six-month mark. While heavy fighting has ‌subsided, diplomatic efforts to end the war have stalled and oil and raw material shipping through the Strait of Hormuz ⁠remains blocked, ⁠keeping energy prices elevated.


Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
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Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

President Donald Trump said Monday that Iran is "collapsing" hours before the US government was set to announce details of what it says will be crushing sanctions against Tehran.

"IRAN IS COMPLETELY COLLAPSING!!!" Trump posted in his trademark all-caps style on his social media platform Truth Social.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” US Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”


Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
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Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)

Crown Prince Haakon visited his father King Harald of Norway on Monday at the hospital, after the king's health deteriorated over the weekend, public broadcaster NRK reported.

The 89-year-old monarch, who has been on sick leave for several weeks, was admitted to the National Hospital a week ago. He is now receiving antibiotics for a bacterial blood infection and has responded to treatment, the royal palace said late Sunday, adding that his condition is stable.

Haakon, has been serving as regent during that time, The Associated Press quoted the palace as saying.

The king has hemolytic anemia and was being treated with cortisone, leading to fluid accumulation in the body that required hospital treatment, the palace said last week.

Norway's prime minister sent his wishes for the king and said that “all of Norway is following and thinking about the king,” NRK reported.

“My strong wish is that he continues to receive good treatment from the good healthcare system we have,” Prime Minister Jonas Gahr Støre said.

Harald, who has been monarch since 1991, has been in and out of the hospital several times in recent years.

In February, he was admitted to a hospital in Spain’s Canary Islands during a winter vacation for treatment for a skin infection.

Two years ago, the king fell ill during a private vacation with the queen in Malaysia and received a temporary pacemaker there. Harald returned aboard a medical airplane to Norway, where he was fitted with a permanent pacemaker.