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Supporters of regime change in Iran rally outside the Wilshire Federal Building on June 23, 2025 in Los Angeles, California, U.S.

Mario Tama | Getty Images News | Getty Images

It’s a strange thought that launching attacks on other countries could lead to peace, but that seems to be the logic behind the abrupt escalation in conflict in the Middle East beginning Saturday. And now there’s a confusing ceasefire.

“Very confusing! Does Israel have 12 more hours to strike based on his [Trump’s] first announcement? Or are they supposed to be in ceasefire now? Even after the deaths in Beersheva and Iran’s barrage after the deadline? No one knows!” Dan Shapiro, former U.S. ambassador to Israel, posted on X.

Here’s a quick recap.  

On Saturday, U.S. President Donald Trump authorized air strikes on Iranian nuclear sites, pushing America into Israel’s war with Tehran.

On Sunday, Iran’s Foreign Minister Abbas Araghchi said Tehran “reserves all options to defend its sovereignty, interest, and people.”

On Monday, Iran launched a retaliatory strike against America, targeting a U.S. military base in Qatar. Later that evening stateside, Trump announced a ceasefire.

On Tuesday, Iran’s Foreign Minister Foreign Minister Seyed Abbas Araghchi denied that the country had agreed to a ceasefire — but said Iran was open to halting its military operations if Israel, which has yet to respond publicly to Trump’s statement, stopped its “aggression against the Iranian people.”

Trump, on Tuesday morning stateside, declared the ceasefire was in effect.

While Iran continued striking Israel on Tuesday morning local time, Tehran’s state-aligned media reported them as “the last round of Iranian missile attacks … before the ceasefire began.” CNBC, however, was unable to independently verify the claim.

Iran also gave the U.S. “early notice” of its attack on the military base in Qatar, according to Trump. It was a “retaliation that was expected,” Republican House Speaker Mike Johnson said. Qatar also received advanced warning from Iran, according to The New York Times, which cited three Iranian officials familiar with the matter.

This, essentially, is “the peace through strength strategy,” Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNBC.

In other words, there’s a small chance tensions in the Middle East might truly cool down following a carefully calibrated and symbolic exchange of strikes that projects strength from all parties, while also providing Iran an off-ramp to de-escalate tension.

Judging by stock markets worldwide and oil prices — which rose and fell, respectively — investors are indeed hopeful this missiles-led peace will likely stay.

What you need to know today

Iran says it’s prepared to stop attacks
Trump
said early Tuesday morning stateside that the ceasefire between Israel and Iran — which he had announced Monday evening — was “now in effect.” Iran’s Foreign Minister Seyed Abbas Araghchi had earlier said there was “NO ‘agreement’ on any ceasefire or cessation of military operations,” but signaled that Tehran had “no intention” to continue armed conflict. Israel has not publicly confirmed that they have accepted Trump’s ceasefire timeline.

Iran strikes Israel and U.S. military base in Qatar
Iran on Tuesday fired a “final round” of missiles at Israel before the 12 a.m. ET ceasefire with Israel came into effect, Iranian state-aligned media announced Tuesday. CNBC was unable to independently verify the claim. On Monday, Iran launched an airstrike on United States’ Al-Udeid military base in Qatar, the largest American military installation in the Middle East, with around 10,000 service members.

Prices of oil post a huge drop
Oil prices fell sharply Tuesday during Asia hours on news that Iran was prepared to halt military operations. As of 1:30 p.m. Singapore time, U.S. crude oil was down 3.04% at $66.43 per barrel, while Brent had shed 2.99% to $69.34, with both benchmarks adding to the previous day’s losses of more than 7%. Trump on Monday demanded that “everyone” keep oil prices down or they would play “into the hands of the enemy.” Trump didn’t specify who he was referring to, but he seemed to be addressing U.S. oil producers.

Markets in U.S. rise on de-escalation hopes
U.S. stocks rose Monday as investors seemed hopeful of de-escalation in the Israel-Iran war. The S&P 500 climbed 0.96%, the Dow Jones Industrial Average added 0.89% and the Nasdaq Composite gained 0.94%. Tesla shares popped 8.2% after the company launched its robotaxis in Austin, Texas, on Sunday — but regulators are looking into reports of robotaxis driving erratically. Asia-Pacific markets climbed Tuesday, with South Korea’s Kospi index jumping 2.73% at 2:40 p.m. local time.

[PRO] Wall Street’s thoughts on robotaxis
Wall Street closely watched Tesla’s robotaxi launch in Texas over the weekend. Analyst outlooks on the event vary widely. While Wedbush’s Dan Ives, who rode in the robotaxis over the weekend, said it “exceeded our expectations,” Guggenheim’s Ronald Jewsikow called the event “baby steps.” Here’s what analysts think about what the robotaxis mean for Tesla’s stock.

And finally…

An Airbus A350-941 commercial jet, operated by Emirates Airline, at the Paris Air Show in Paris, France, on Monday, June 16, 2025.

Matthieu Rondel | Bloomberg | Getty Images

Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base

Airlines diverted more Middle East flights on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, as the region’s military conflict continued to disrupt airlines’ operations.

Dubai-based Emirates said that some of its aircraft rerouted on Monday and told customers that delays or longer flights were possible as it would take “flight paths well distanced from conflict areas,” while operating its schedule as planned.

Air India said it had halted all flights in and out of the region and to and from the east coast of North America and Europe “until further notice.”

Earlier, major international airlines including Air France, Iberia, Finnair and others announced they would pause or further postpone a resumption of service to some destinations in the Middle East.

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E-quipment highlight: Komatsu PC20E-6 electric mini excavator

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E-quipment highlight: Komatsu PC20E-6 electric mini excavator

Japanese equipment giant Komatsu has added a not-so-giant electric excavator to its growing lineup of battery-powered construction equipment. The new Komatsu PC20E-6 electric mini excavator promises a full day of work from a single charge.

Komatsu says the design of its latest mini excavator was informed by data sourced from more than 40,000 working days of comparably-sized diesel excavators. The company found that, in 90% of its global customers’ mini excavator deployments, these vehicles are in active use for less than 3.5 hours per day.

“This defined the target for the required, reliable working time with the excavator,” reads the Komatsu web copy. “This result makes it possible for Komatsu to offer an attractively priced machine with a performance that exactly matches the requirements.”

Keeping costs down are relatively conservative specs. Komatsu chose to power the PC20E-6 with a 23.2 kWh battery pack sending electrons to an 11 kW (~15 hp), high-torque electric motors. Not exactly super impressive on paper, but the machine has an operating weight of 2,190 kg and enough juice for up to four (4) hours of continuous operation.

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More than enough, in other words, to have completed 90% of of those 40,000 work days the company analyzed.

Getting it done


PC20E-6 electric mini excavator; via Komatsu.

If, for some reason, that four hours’ runtime isn’t enough, an on-board charging option for 230V and 3kW charging power compatible with various plug adapters is standard, with an external DC quick charger for 400V and 12 kW charging as optional. In either case, it won’t be long before the machine is back at work.

To help the later adopters sleep well about their battery-powered investments, the PC20E-6 ships with Komatsu’s E-Support maintenance program, which includes free scheduled maintenance by a Komatsu-trained technician, a 3 year/2,000 hour warranty on the machine, plus a 5 year/10,000 hour warranty on the electric driveline. The company says the battery should last 10 years.

“The Komatsu E-Support customer program is included free of charge with every market-ready electric mini excavator and offers exclusive machine support,” said Emanuele Viel, Group Manager Utility at Komatsu Europe. “The bottom line is that the risk for the end customer is significantly reduced, especially when it comes to exploring the electrification advances in the industry.”

Komatsu hasn’t released official pricing quite yet, but has revealed that the P20E-6 will begin series production this October.

SOURCE | IMAGES: Komatsu.


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Tesla unexpectedly ends contract at Giga Texas, letting go 82 people

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Tesla unexpectedly ends contract at Giga Texas, letting go 82 people

Tesla has unexpectedly terminated a contractor’s contract at Gigafactory Texas, resulting in the layoff of 82 workers who were supporting the automaker’s production at the giant factory in Austin.

MPW Industrial Services Inc., an Ohio-based industrial service provider specializing in cleaning and facility management, has issued a new WARN notice, confirming that it will lay off 82 workers in Texas due to Tesla unexpectedly ending its contract with the company.

Here are the details from the WARN notice:

  • State / agency: Texas Workforce Commission (TWC).
  • Notice date: August 27, 2025.
  • Employees affected: 82
  • Likely effective date: September 1, 2025
  • Context from the filing/letter: layoffs tied to an unexpected termination of a major customer contract (Tesla—Gigafactory Texas, 1 Tesla Road); positions include 61 technicians, 7 team leads, 7 supervisors, 7 managers; no bumping rights; workers not union-represented.

In April 2024, Tesla initiated waves of layoffs at the plant, resulting in the dismissal of more than 2,000 employees in Austin, Texas.

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Since then, Tesla’s sales have been in a steady decline. While the automaker is expected to have a strong quarter in the US in Q3 due to the end of the tax credit, sales are expected to decline further in Q4 and the first half of 2026.

Many industry watchers have expected Tesla to initiate further layoffs due to the situation.

Electrek’s Take

We may be seeing the beginnings of a new wave of layoffs at Tesla, as the automaker typically starts with contractors.

To be fair, Tesla could also potentially end the contract unexpectedly for other reasons, but the timing does align with the need to cut costs and staff ahead of an inevitable downturn in US EV sales.

I think it’s inevitable that we start seeing some layoffs. I think Tesla will have to slow down production in the US to avoid creating an oversupply, especially in Q4-Q1.

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After e-bike fury, suburban pearl-clutchers set their ire on golf carts

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After e-bike fury, suburban pearl-clutchers set their ire on golf carts

First, it was e-bikes, offering an efficient, effective, and low-cost way for teens and just about everyone to zip around town, yet drawing the temper of suburban traditionalists. Now golf carts are the new public enemy number one in suburbia, at least if you ask the growing number of online groups where residents complain about these small electric vehicles “clogging” their streets.

But beyond the hand-wringing, golf carts and their more sophisticated cousins known as Neighborhood Electric Vehicles (NEVs) or Low Speed Vehicles (LSVs), are quietly becoming a popular alternative to cars for short trips around US cities and suburbs.

While most people still associate golf carts with retirement communities in Florida or slow rides across 18 holes, street-legal versions have been around for the last few decades.

But these aren’t your grandpa’s bare-bones carts, complete with a golf pencil clip. Many now come with DOT seat belts, lights, turn signals, mirrors, backup cameras, and speed limiters that allow them to operate legally on roads up to 35 mph, as long as they meet all the federal requirements for Low-Speed Vehicles (LSVs).

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That means such vehicles are legally allowed to operate like cars, trucks, bicycles, or motorcycles on the vast majority of residential streets and a surprising portion of urban grids. In other words, for grabbing groceries, school drop-offs, or cruising to a friend’s house, they’re a practical, cheaper, and far greener substitute for firing up a 5,000-pound SUV.

The Club Car Cru adds extra luxury to the concept of an LSV

Golf carts have been slowly taking off for years, but the pandemic accelerated the trend. Sales of golf carts and LSVs spiked as families looked for safe, outdoor transportation and an easy way to get around their neighborhoods. Now, in cities all over the country, the sight of parents driving their kids to school or running errands in a cart is increasingly common. In some towns, petitions have even popped up with hundreds of residents asking for local ordinances to legalize them on more streets, according to the Daily Mail.

Of course, not everyone is thrilled. There’s growing backlash against the increase in golf carts on streets, with many residents calling them a “plague” and complaining that they’re taking up space on the roads, in parking lots, or creating unsafe conditions. While rare, there have been serious accidents too, with a handful of tragic cases highlighting the dangers of mixing small, lightweight carts with full-size vehicles. Critics argue that carts lack the crash protection of cars and don’t always fall under homeowners’ insurance policies if an accident happens.

But for every critic, there’s a supporter pointing out that golf carts take cars off the road, save money on fuel, and are no more dangerous than scooters or e-bikes – modes of transport that already share the streets. And major golf cart makers have been happy to respond to the demand with boosted sales and new models. Companies like E-Z-GO, Club Car, WAEV, Kandi, and others are all rushing new models to the market as more suburban commuters discover that their next electric vehicle might just cost a fraction of what they thought it would – and come with a better breeze, too.

The GEM microcars are classic LSVs that have brought smiles to families’ faces for decades

Electrek’s Take

If I didn’t know any better, I’d say it’s like the Karens are just following me around to poo-poo on any alternative vehicle I happen to drive that week. They’ve hit all my favorites. Pretty soon, they’ll be coming for my electric tractors, too!

But seriously, this feels like déjà vu. The same arguments we’ve heard for years against e-bikes are now being recycled against golf carts: too unsafe, too disruptive, too “different” from the car-centric status quo.

But the reality is, again, quite the same as e-bikes. These are small electric vehicles that make a ton of sense and are totally street legal, at least when they’re built correctly to conform to the proper laws.

They come with a lot of the same benefits, too. They’re cheap to operate, easy to park, perfect for short trips, and they prevent larger cars from needlessly clogging residential streets. Will they ruffle feathers among the kind of folks who have had one too many frisbees land in their yard? Perhaps. But much like e-bikes, their popularity is only going one direction – up.

I leave you with a few images of perhaps my favorite of all, the Kandi Mini. The nay-sayers can pull it from my cold, dead, golf

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