Keywords: Crisis
Iran has likely collected hundreds of millions of dollars in additional oil revenue since the U.S.-Israeli military campaign began on February 28, exploiting its unique position as the only major Persian Gulf producer still able to ship crude through the Strait of Hormuz. The windfall represents a central......
The Middle East war now threatens to slow US liquefied natural gas export capacity expansion. It disrupts one-fifth of global supply and spikes prices in Europe and Asia. Freeport LNG CEO Michael Smith warned Wednesday at S&P Global's CERAWeek conference in Houston. Supply chain issues from......
Tuk-tuk drivers in Mogadishu, Somalia, are struggling to keep their vehicles on the road as fuel prices skyrocket due to disruptions linked to the ongoing Iran conflict. Rising costs have forced many drivers to park their three-wheelers, while passengers have reduced trips or walked instead. The conflict......
China's once-robust appetite for imported wine has collapsed, and a Communist Party directive banning alcohol at government and official functions has deepened the damage, leaving producers from France to Australia managing unsold inventory and sharply declining demand. In May 2025, Beijing renewed......
The UK government actively considers charging international visitors entry to major national museums and galleries. This would end 25 years of universal free access at sites like the British Museum, National Gallery, and Tate. The Guardian reported Wednesday ministers eye fees to shore up struggling......
At least 28 civilians have been killed in recent drone attacks in Sudan, targeting the regions of Darfour and Kordofan, according to local medical sources. One of the strikes hit a market in the town of Saraf Omra in North Darfur, killing 22 people—including an infant—and injuring 17 others,......
Asian stock markets declined and oil prices rose on Thursday after Iran rejected a US-backed ceasefire proposal, dimming hopes for a swift resolution to the conflict now entering its fourth week. Japan’s Nikkei 225 slipped 0.3 percent, while South Korea’s Kospi dropped 1.9 percent. Hong......
The energy shock triggered by the war in Iran is reshaping Asia’s energy outlook. Analysts say the disruption is accelerating the region’s shift toward renewable energy and electric vehicles, even as several countries increase coal use in the short term. Fighting has severely disrupted oil......
A government-appointed commission in Nepal has recommended criminal proceedings against former Prime Minister KP Sharma Oli over his alleged role in the violent suppression of protests that led to a major political crisis in 2025. According to findings summarized in a lengthy investigative report, authorities......
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