Vance warns of unused military options as US strikes intensify on Iran's Kharg Island

U.S. Vice President JD Vance warned Iran on Tuesday that Washington retains untapped military capabilities, speaking alongside Hungarian Prime Minister Viktor Orbán in Budapest as American forces struck dozens of military targets on Kharg Island, Iran's most critical oil export terminal, hours before a presidential deadline demanding......

IMF warns Iran war is fueling inflation and slowing global growth

Six weeks into the U.S.-led military campaign against Iran, the economic fallout is accelerating. The closure of the Strait of Hormuz, a strategic passage through which roughly 20% of the world's oil supply flows, has sent crude prices surging, pushed U.S. gasoline to its highest level in nearly four years, and drawn warnings from the......

China's electric vehicle shift cushions the blow of Iran war oil shock

As conflict involving the United States, Israel, and Iran continues to destabilize global energy markets and effectively close the Strait of Hormuz, China's long-running transition toward electric vehicles and renewable energy is providing the world's largest crude oil importer with a notable economic buffer against surging oil prices. Reuters......

Record global debt leaves governments powerless against the oil crisis, warns Sharma

Ruchir Sharma, chairman of Rockefeller International, warned this weekend that the world has never entered a crisis carrying such a heavy debt burden, leaving the United States, despite being the world's largest oil producer, particularly exposed to the energy shock triggered by the Iran war. In a column published Sunday in the Financial......

UK and Australia post record EV sales as Iran conflict drives fuel prices higher

The war in Iran, which broke out in late February, is reshaping car-buying behavior across the world. As fuel prices surge on the back of oil supply disruptions, consumers in the United Kingdom and Australia turned to electric vehicles in record numbers in March 2026, according to recently published industry data. In the United Kingdom, 380,627......

Spain-Morocco ties have reached an unprecedented level, says foreign minister Albares

Spanish Foreign Minister José Manuel Albares declared Tuesday that relations between Spain and Morocco have reached a degree of intensity rarely seen between two countries, pushing back against speculation fueled by radical domestic voices about shifting regional alliances. Speaking in a television interview, Albares dismissed scenarios......

IEA chief says Middle East war will speed up the global shift to clean energy

The worst energy crisis in modern history will ultimately accelerate the worldwide transition to renewables, nuclear power, and electric vehicles, International Energy Agency executive director Fatih Birol said in an interview published Tuesday by French daily Le Figaro. Birol described the current energy shock, triggered by the Middle East......

US Vice President JD Vance visits Hungary ahead of crucial parliamentary elections

U.S. Vice President JD Vance arrived in Hungary on Tuesday in a high-profile visit just days before the country’s closely contested parliamentary elections. His trip is widely seen as a sign of support from Donald Trump for Hungarian Prime Minister Viktor Orbán. Upon arrival in Budapest, Vance was welcomed by Foreign Minister......

Depressed tech valuations could offer entry point for investors, Goldman Sachs says

Technology stocks, particularly in the United States, are showing historically low valuations after a prolonged period of underperformance, creating potential opportunities for investors, according to Goldman Sachs. The investment bank noted that the technology sector has experienced one of the weakest relative returns over the past 50 years.......

US health insurers gain as medicare advantage payment rates rise

Shares of major U.S. health insurers surged in premarket trading on Tuesday following the announcement of higher-than-expected payment rates for Medicare Advantage plans in 2027. UnitedHealth led the gains with a 6.9% increase, while CVS Health, Elevance Health, Centene, and Molina Healthcare rose between 3.6% and 6%. Humana posted the largest......

PlanetScale CEO calls out Claude for falsely telling users the company has shut down

PlanetScale CEO Sam Lambert took to X on Saturday to publicly criticize Anthropic's Claude AI after it repeatedly told developers that PlanetScale, a widely used cloud database platform, had ceased operations. The incident drew fresh attention to the real-world consequences of AI hallucinations for companies that depend on accurate technical......

Saudi Arabia closes only road to Bahrain after Iranian missile strikes

Saudi Arabia shut the King Fahd Causeway early Tuesday, severing the sole land link between the kingdom and the island of Bahrain, after Iran launched ballistic missiles at the oil-rich Eastern Province. The closure came as a deadline set by U.S. President Donald Trump, demanding Iran reopen the Strait of Hormuz by 8:00 p.m. Eastern time Tuesday,......

Artemis II crew witnesses solar eclipse after breaking distance record

The four astronauts aboard NASA's Artemis II mission experienced a total solar eclipse Monday evening as their Orion spacecraft rounded the far side of the Moon, capping a day of historic milestones on the first crewed lunar voyage in more than half a century. The eclipse, visible only from the crew's vantage point beyond the Moon,......

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