Global oil prices surged past $120 on Thursday, briefly touching $122, the highest level since 2022 as fears of prolonged supply disruptions intensified amid a deadlock in talks to end the US conflict with Iran.Brent crude for June delivery rose around 1.9% to near $120 a barrel, while US West Texas Intermediate (WTI) edged up…
Simply Put: Understanding Reverse Migration and Its Impact on India’s Cities and Villages Down To Earth www.downtoearth.org.in Source link
Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave Opec in a blow to the powerful oil cartel. US futures edged higher. Markets in Japan were closed for a holiday. Elsewhere in Asia, South Korea’s…
Sports officials in four-time world champion Italy say the country is not interested in replacing Iran at the upcoming 2026 World Cup, following a suggestion of the move by a Trump administration official. Iran has not withdrawn from the World Cup, and the team is preparing to play in the championship taking place this year…
In this handout photo provided by U.S. Central Command, U.S. forces patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval blockade of Iranian ports near the Strait of Hormuz. U.S. Navy | Getty Images Iran’s navy…
6m ago U.S. announces sanctions against companies, people tied to Iranian weapons The U.S. Treasury Department announced a new round of economic sanctions against several companies and individuals involved in aiding Iran with its development of attack drones or ballistic missiles. Most of the individuals or companies are based in Iran, though there are…
Open, shut, open, shut: What’s up with Strait of Hormuz? Iran has reimposed restrictions on the Strait of Hormuz after the US denied ending the blockades on Iran-linked ships to pass through the strategic waterway. Iran’s IRGC Naval Command said it will take firm action against what it called US “bad-faith violations,” adding that the…
Prolonged disruption to energy supplies in West Asia is driving a renewed surge in global thermal coal demand and prices, as countries turn to coal to secure power amid constrained liquefied natural gas (LNG) flows through the Strait of Hormuz, according to a new analysis by Wood Mackenzie. Coal benchmark prices have risen sharply in…
Pakistan could be forced to consider fuel rationing at petrol pumps if the ongoing US-Iran conflict continues for a prolonged period, finance minister Muhammad Aurangzeb has said.Speaking at the World Bank–IMF Spring Meetings 2026 in Washington, DC, Aurangzeb indicated that while Islamabad has so far avoided rationing, the situation remains fluid and dependent on how…
