Iran’s attacks on the energy infrastructure of the Middle East and its stranglehold on the Strait of Hormuz has sent oil prices skyrocketing and given rise to growing concerns about a global energy crisis.
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Stock market bulls should show a little more caution, given how past oil price shocks have impacted the economy. Every US recession, excluding the COVID-19 pandemic, was preceded by an oil price shock, BCA Research chief global strategist Peter Berezin said in a new note (see chart below). “The current macro environment is a toxic
Iran-linked hackers recently broke into FBI director Kash Patel’s personal email inbox, revealing a plethora of previously unknown information about him. The hackers published photographs and documents related to the 46-year-old on the internet, said the bureau on Friday. The pro-Palestinian hacker group, Handala Hack Team, shared on their website that Patel will now find
The Green Party has claimed a landslide victory among the votes in Cornwall last week Rachael Ward, one of the Green Party’s successful candidates in Penryn(Image: Cornwall Green Party) Despite winning the most seats at the Cornwall Council election almost a year ago, Reform UK failed to monopolise on that success at four town council
A CNN news channel team reporting from the Palestinian village of Tayasir in the West Bank territory was detained by Israeli soldiers when covering the aftermath of a violent attack by Israeli settler-occupiers. The incident has prompted Israel to suspend the involved battalion and launch an investigation. (X/Jeremy Diamond) According to CNN’s footage and reporting,
Global Local launches UK’s first music roster dedicated to showcasing disabled artists · News ⟋ RA UnMute aims to increase visibility and access for disabled artists. Global Local has launched a new UK-based music roster dedicated to showcasing disabled artists. Two years in the making, UnMute aims to increase visibility and access for disabled artists
United States President Donald Trump has claimed that Iran “gave” America most of the demands it had made in its 15-point proposal to end the war, while denying to elaborate further on the concessions made. “They gave us most of the points. Why wouldn’t they?” Trump told reporters on Air Force One. (AFP) This comes
By Tom Balmforth and Max Hunder LONDON/KYIV, March 30 (Reuters) – Ukraine’s war has forced the country to become a trailblazer in drone interception. The conflict in the Middle East could be its make-or-break moment to take the technology global. In an effort to export Ukrainian systems and know-how, President Volodymyr Zelenskiy has criss-crossed the
YAOUNDE, March 30 (Reuters) – World Trade Organization talks broke up with no agreement on Monday on a plan for reform or even on extending a moratorium on e-commerce, piling more pressure on the trade body that finds itself increasingly sidelined by economic nationalism. The four-day ministerial talks in Cameroon’s capital Yaounde ended in the
President Donald Trump said Sunday the US military was planning to construct a large complex beneath the new ballroom he is building at the White House. The ballroom project is one of the most ambitious undertakings at the White House in over a century and has continued to grow in scope, with its privately-funded budget
When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Android Central What you need to know Netflix is raising prices again across all tiers in the US and Canada — its second hike in roughly 14 months. The ad-supported plan jumps to $8.99 (+$1), while ad-free
Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy markets. The conflict has put global oil and gas supplies at risk, led to shortages of fertilisers, and affected air travel. (Agencies) Brent
IN WAR, WHAT at first seems logical can, in hindsight, prove to have been foolhardy. Having repelled its Iraqi invaders in 1982, Iran spurned a ceasefire and pushed ahead with a counter-invasion. America overthrew Saddam Hussein within weeks in 2003, only to bog itself down in nearly a decade of counter-insurgency. Both had their reasons:
President Donald Trump on Sunday night said he has “no problem” with a Russian oil tanker off the coast of Cuba delivering relief to the island, which has been brought to its knees by a US oil blockade. President Donald Trump speaks to reporters aboard Air Force One en route from West Palm Beach, Fla.,
US President Donald Trump said Sunday that the US-Israel war had achieved regime change in Iran, even as he assured that he would “make a deal” with the Iranians. US President Donald Trump waves to the media as he walks on the South Lawn upon his arrival at the White House. (AP) “I think we’ll
Israeli security forces are looking for ways to enable worship at the Church of the Holy Sepulchre during Holy Week after police prevented the Latin Patriarch from holding Mass there on Palm Sunday, citing security concerns. “Freedom of worship in Jerusalem must be fully guaranteed, without exception, for all faiths,” the EU’s Kallas said. (Reuters)
Donald Trump has claimed that Iran allowed additional oil tankers to pass through the Strait of Hormuz as a ‘present’ to Washington, even as the conflict in the Middle East deepens and high-stakes negotiations continue behind the scenes. Trump claimed that Iran had allowed 20 oil tankers to cross Strait of Hormuz as a gift
Paris: Ministers from the G7 will hold talks on Monday to unpack the economic consequences of the war in the Middle East, the French government said, as oil and gas prices continue to soar. The United States and Israel launched strikes on Iran in late February and Tehran has hit back by targeting crude-exporting countries
US President Donald Trump has revealed his “favourite thing to do” in the Iran war, and not surprisingly, it is taking Tehran’s oil. President Donald Trump waves to the media as he walks on the South Lawn upon his arrival at the White House, Sunday in Washington. (AP) The US has been accused in the
A garage can be a tough environment, collecting dirt, moisture, insects, and rodents. It can be difficult to use power tools and work in such conditions, especially if your garage’s design is one that doesn’t have enough outlets in the right places, forcing people to use extension cords or power strips. If your garage floor is
A two-property industrial outdoor storage site in Bergen County has been sold as part of a major new investment push targeting the Meadowlands and other key markets. JLL Capital Markets said this week it completed the sale of the Premier Meadowlands industrial outdoor storage site in Moonachie, a location totaling approximately 1.44 acres. Sagard Real
