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Several G7 nations have announced the release of strategic oil reserves in response to rising energy prices, ahead of a scheduled leaders’ meeting. Japan and Germany took the initiative to ease market pressures caused by the ongoing Middle East conflict, signaling coordinated action among the world’s largest economies. Japanese......
The Spanish government has officially ended the mandate of its ambassador to Israel, marking a new stage in the strained diplomatic relationship between the two countries. The decision was formalized through a royal decree published in Spain’s official state bulletin. The diplomat, Ana María Sálomon Pérez, had already......
Gold is trading at an unusual discount in Dubai, one of the world’s most important hubs for physical bullion trade, as conflict involving the United States, Israel, and Iran disrupts transport routes and breaks the supply chains linking the precious metal to global markets. Traders in Dubai are offering discounts of up to 30 dollars......
North Korea has expressed support for Iran’s appointment of Mojtaba Khamenei as the country’s new Supreme Leader, according to state media. The leadership change follows the death of his father during recent strikes by the United States and Israel. In an official statement, North Korea’s Foreign Ministry condemned what it......
The humanitarian toll of the ongoing conflict in Lebanon continues to rise as authorities report a growing number of casualties and displaced civilians following a series of Israeli airstrikes across the country. According to updated figures released by Lebanon’s health authorities, at least 570 people have been killed since the escalation......
Italy has expressed solidarity with Türkiye after a ballistic missile fired from Iran briefly entered Turkish airspace before being intercepted by defense systems. Italian Foreign Minister Antonio Tajani said in Rome that Italy stands alongside Türkiye and shares the concerns of the Turkish people following the incident.......
Defense companies on Wall Street reached new record levels as the military campaign involving the United States and Israel against Iran entered its second week, driving investors toward aerospace and weapons manufacturers expected to benefit from rising global defense spending. Shares of Lockheed Martin hit a new all-time high, while Northrop......
More than a week after the United States and Israel launched strikes against Iran, European leaders remain sharply divided on how to respond, exposing deep fractures within the European Union over the conflict. The disagreement erupted publicly in Brussels when European Commission President Ursula von der Leyen and Spanish Deputy Prime Minister......
The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict has halted roughly one fifth of the......
Lebanon’s Ministry of Agriculture, in cooperation with the Ministry of Economy, conducted inspections of local markets and storage warehouses on Monday to monitor the quantities, quality, and pricing of fruits and vegetables. The move comes amid ongoing tensions in the region as the conflict between Hezbollah and Israel enters its second......
European Commission President Ursula von der Leyen has drawn sharp criticism from several European Union diplomats after remarks about Iran’s leadership during a speech in Brussels intensified internal tensions over the EU’s foreign policy authority. Speaking at the EU’s annual conference of ambassadors, von der Leyen said......
Iraq has prolonged the closure of its airspace for another 72 hours as the regional conflict triggered by strikes on Iran continues to disrupt aviation across the Middle East. The Iraqi Civil Aviation Authority confirmed that the country’s skies will remain closed to all arrivals, departures and transit flights until at least noon on......
The International Monetary Fund warned that the expanding conflict in the Middle East could push global inflation higher as oil prices approach $120 per barrel, adding new pressure to the world economy at a time when weak labor data in the United States is intensifying concerns about stagflation. IMF Managing Director Kristalina Georgieva......
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