World

‘On the Edge of a Wider War’: Guterres Issues Stark Warning as Middle East Conflict Enters Second Month

As the Middle East conflict enters its second month, UN Secretary-General António Guterres warns the world is “on the edge of a wider war” with catastrophic global implications, as the US and Israel bomb Iran and Tehran attacks Gulf states.

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Economy

Oil prices plunge more than 10% as Trump predicts swift end to Iran war

Global oil prices have cratered more than 10 percent in one of the most dramatic reversals in energy market history, plunging from three-year highs above $119 per barrel to below $85 as diplomatic signals and potential intervention by major economies calmed supply fears.

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World

Kremlin says Putin’s proposals on Iran war remain on the table as Russia offers mediation

The Kremlin says President Putin’s proposals to mediate the Iran conflict remain on the table after he shared settlement ideas with Trump in a phone call, with Russia positioning itself as a potential broker while the US presses for progress on Ukraine.

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Economy

Oil prices surge past $100 per barrel for first time since 2022 as Iran war disrupts global supply

Global oil prices have surpassed $100 per barrel for the first time since 2022 as the escalating Iran-Israel-US war disrupts shipping through the Strait of Hormuz, removing 20 million barrels from daily supply and forcing G7 ministers to consider emergency reserve releases.

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