Iran hit several ships in the Strait of Hormuz on Monday and set a UAE oil port ablaze, as President Donald Trump’s attempt to use the U.S. Navy to free up shipping provoked the war’s biggest escalation since a ceasefire was declared four weeks ago. Trump’s new mission “Project Freedom,” which he announced on social […]
The decision by the Organisation of the Petroleum Exporting Countries (OPEC) to absorb the shock of a major member’s departure is colliding with fresh warnings from the United Nations Conference on Trade and Development (UNCTAD) that the ongoing Middle East conflict is morphing into a broader economic threat. Meanwhile, oil prices, yesterday, climbed back above […]
Oil prices rose Monday as talks to end the Iran war appeared to be at a standstill and the crucial Strait of Hormuz no nearer being reopened. While the White House has said Donald Trump and his team were considering Tehran’s latest proposal to restore traffic through the waterway, CNN and the Wall Street Journal […]
Iran reportedly offered to reopen the Strait of Hormuz, but insisted US nuclear talks be postponed, a condition Washington is unlikely to accept. The stalled negotiations are leading to fears for the global economy: Oil rose and S&P futures fell on signs that Washington and Tehran were no closer to a lasting truce after US […]
Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war, while proposing that discussions on the larger question of its nuclear program would come in a later phase, two regional officials said Monday. U.S. President Trump […]
Palestinian authorities said Sunday that local elections in a single Gaza community and the Israeli-occupied West Bank were a success and called them a step toward a long-delayed presidential election in the territories and eventual statehood. The Palestinian Authority, which administers semiautonomous areas of the West Bank but is left out of the U.S.-drafted ceasefire […]
North Korean leader Kim Jong Un has reaffirmed Pyongyang’s support for Russia’s invasion of Ukraine, vowing to help Moscow achieve victory in its “sacred” war, state media reported on Monday. Pyongyang has sent missiles, munitions and thousands of troops to assist Russia in Ukraine, and analysts say Moscow is sending financial aid, military technology, food […]
Florida has opened a criminal investigation into OpenAI following a deadly shooting in 2025 at Florida State University, Attorney General James Uthmeier said Tuesday. Authorities are looking into claims that the company’s ChatGPT chatbot provided information to the suspect prior to the attack. Florida Attorney General James Uthmeier said on Tuesday the state was launching […]
Taiwan President Lai Ching-te has cancelled a trip to the southern African nation of Eswatini, accusing China of putting pressure on other countries to bar his aircraft from flying over their territories. Seychelles, Mauritius and Madagascar revoked Lai’s flight permits after “intense pressure” and economic coercion from China, said a Taiwan official. China denied coercion, […]
The US and Iran each warned they were ready for war as the clock ticked down Tuesday on a ceasefire, with uncertainty on talks that US President Donald Trump had announced would resume in Pakistan. The White House said US Vice President JD Vance was ready to fly back to the Pakistani capital Islamabad, which […]
