UK and France agree with Oman to ensure safety of its territorial waters

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Oman has agreed to work with the U.K. and France to ensure the Gulf country's territorial waters are safe for navigation, the U.K. said on Saturday, as oil shipments through the Strait of Hormuz pick up since the U.S. and Iran signed an agreement last month to reopen the crucial sea lane. "The U.K. and France also stand ready to deploy the wider Multinational Military Mission to support freedom of navigation in the Strait of Hormuz," U.K. Prime Minister Keir Starmer said in a joint statement with French President Emmanuel Macron. "The Strait of Hormuz is a vital artery for the global economy. Restoring safe transit for ships of all nations through the Strait is a matter of global concern," the statement read. France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships. "Accompanied by two frigates and a maritime patrol aircraft, these assets are ready to contribute, alongside our partners, to the full resumption of...

Jared Kushner's net worth grew 1,440% since 2009 — 9 times more than the average US household. Here's what drove the gap

Jared Kushner's net worth grew 1,440% since 2009 9 times more than the average US household. Here's what drove the gap Aditi Ganguly Sat, July 4, 2026 at 5:15 AM PDT 10 min read GC=F Mandel Ngan/AFP via Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. A chart that was recently posted to X put a striking number on a familiar story: since 2009, Jared Kushner's estimated net worth has grown about 1,440% from around $65 million to more than $1 billion (1). Over the same period, the post notes, the average American household's net worth grew by about 160%. Top Picks Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake here's what it is and 3 simple steps to fix it ASAP JP Morgan sees gold hitting $6,000/oz before 2027 and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one The comparison, shared by prominent financial commentator Steve Rattner, is about the specific mechanisms that allowed one person's fortune to compound at nine times the rate of the broader population. Understanding those mechanisms is, in many ways, a lesson in how the wealthiest Americans operate on a much different scale. Where Kushner started and how he grew By 2009, Kushner had already been running Kushner Companies for several years, having taken over after his father, Charles Kushner, was convicted on criminal charges (2), including tax evasion and witness tampering. Under Jared's leadership, the firm has acquired nearly $7 billion in property (3). While Kushner's net worth at the time is difficult to pin down from public records, the approximate $65 million starting figure comes from the analysis that prompted this comparison (1). Over the following decade, that foundation compounded steadily. According to The Tradable, Kushner's White House financial disclosures showed he and wife Ivanka Trump held combined assets of between $240 million and $740 million during that period, with Westminster Management alone generating $1.5 million in annual personal income (4) from its portfolio of 20,000 apartment units. Then, when Kushner sold his share of real estate startup Cadre, his payout was between $25 million and $50 million. But the more dramatic acceleration came after he left Washington. In 2021, Kushner founded Affinity Partners in Miami. According to NoonPost English, Saudi Arabia's Public Investment Fund committed $2 billion to the firm (5) a cornerstone investment, along with another $1.5 billion from Qatari and Emirati funds. Story Continues This transformed Affinity from an untested player into a credible global operation. By the end of 2023, Affinity's assets went from $1.3 billion to $4.8 billion. And by September 2025, Forbes officially placed Kushner in the billionaire club his net worth sliding past $1 billion, a figure...

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