British Prime Minister Keir Starmer announced his resignation Monday morning, following a weekend of speculation over his political future in the aftermath of Andy Burnham’s victory in the Makerfield by-election. “I will resign as leader of the Labour Party. I have spoken to His Majesty the King this morning to inform him of my decision,” […]

The United States has released the official text of a 14-point Memorandum of Understanding reached with Iran, outlining a framework for ending hostilities and paving the way for a broader peace agreement. The document, titled the “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran,” was made public […]

Oil prices dropped below $80 a barrel Tuesday on optimism over the promised reopening of the Strait of Hormuz, easing inflation pressures on global economies even though traders are eyeing the risk of Iranian “service fees” on ships transiting the strait. Oil hit a three-month low as Brent North Sea crude, the international benchmark, dropped […]

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