World
AI Summary
- Global oil prices have surged past $100 a barrel, driven by escalating tensions in the Middle East and the potential for wider conflict involving Iran, prompting G7 nations to consider releasing emergency oil reserves.
- India has asserted its right to purchase Russian oil without seeking permission from the US, highlighting a growing divergence in energy policy among nations amidst the ongoing geopolitical instability.
- In response to the energy crisis and rising prices, South Korea and Taiwan have implemented fuel price caps, signaling government intervention to mitigate the economic impact on consumers and industries.
- Deutsche Bank has issued a stark warning that the ongoing energy shock poses an 'existential threat' to the airline industry, potentially forcing some carriers to ground their fleets.
- Following the death of Supreme Leader Ali Khamenei, Iran has appointed his son, Mojtaba Khamenei, as the new Supreme Leader, a move that could signal a significant shift in the country's political trajectory.
ZeroHedge
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India To US: We Don't Need Permission To Buy Russian Oil
an hour ago
by Tyler Durden
India To US: We Don't Need Permission To Buy Russian Oil India has really been walking a careful geopolitical tight-rope, wanting keep relations on good terms with the Trump administration, but also wanting to defend its energy sovereignty and decision-making. On Saturday the government issued a somewhat surprisingly feisty statement, in terms of its tone, after the United States just granted a sanctions waiver that allows for Russian oil shipments currently stranded at sea to be unloaded to Indian buyers. India's Press Information Bureau wants the world to know New Delhi was never dependent on "a short-term waiver" to buy Russian oil. This is clearly
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Hungary Detains Ukrainians Transporting 10s Of Millions In Cash & Gold
2 hours ago
by Tyler Durden
Hungary Detains Ukrainians Transporting 10s Of Millions In Cash & Gold Authored by Thomas Brooke via REMIX, Hungarian authorities have detained seven Ukrainian citizens and seized tens of millions of dollars, euros, and gold that were being transported through the country in armored vehicles, triggering the latest diplomatic dispute between Budapest and Kyiv. Hungary’s National Tax and Customs Administration (NAV) confirmed on Friday that criminal proceedings had been launched on suspicion of money laundering following an operation carried out on March 5. Authorities intercepted two armored cash-transport vehicles traveling through Hungary from Austria toward Ukraine. According to the Hungarian authorities, the vehicles were carrying
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Kurds Do Not 'Trust' US To Use Them As Proxy Force Against Iran
3 hours ago
by Tyler Durden
Kurds Do Not 'Trust' US To Use Them As Proxy Force Against Iran This should be obvious to any observer of Middle East history and US foreign policy over the last half-century, but a new Axios report cited Kurdish officials who say they don't 'trust' the United States, especially in wake of recent reports suggesting the Kurds will be used as proxy ground forces against Iran. Iraq's Kurds have already made clear they oppose joining the US-Israeli attacks on Iran and warn they could face severe Iranian retaliation without ground or air defense support, Axios reported Saturday. Source: Intrepid Times An earlier CNN report
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Martyrdom, Maps, & Munitions: Jim Rickards' Most Surprising Iran Takes
3 hours ago
by Tyler Durden
Martyrdom, Maps, & Munitions: Jim Rickards' Most Surprising Iran Takes Authored by Adam Shapr via DailyReckoning.com, I’ve been a fan of Jim Rickards’ work for around 10 years. He came onto my radar in 2016 when he predicted Donald Trump would win the election. I saw a clip of him saying the polls were crooked. And that turned out to be a great call. Jim is never afraid to speak his mind. And his contrarian predictions have uncanny accuracy. So I’ve been following Jim’s work on the Iran situation closely. Just today he put out a new Iran writeup with surprising, even disturbing ideas in
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Price Controls Arrive: South Korea, Taiwan Impose Fuel Price Cap
6 hours ago
by Tyler Durden
Price Controls Arrive: South Korea, Taiwan Impose Fuel Price Cap It’s a bloodbath across Asian markets this morning with Asia being the world’s largest oil-importing region. Based on a Goldman analysis of the impact of higher oil on real GDP growth (chart below), China is the most insulated from supply-driven oil price increases compared to other emerging Asian economies, with $15/bbl higher crude oil prices leading to 0-0.1pp lower GDP growth and 0.1-0.2pp higher headline CPI inflation. This resilience is partly due to the country's economic structure and the potential for government intervention to dampen the pass-through of global price increases
The Guardian
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Descendants of Zimbabwe resistance heroes urge UK to locate looted skulls
2 days ago
by David Batty
Zimbabwe, Colonialism, Africa, World news, Natural History Museum, University of Cambridge, Culture, Universities, Museums, UK newsRelatives call on institutions to help them find remains of ancestors who led fight against British colonisers in 1890s • Which human remains are held in UK museums – and where? Descendants of freedom fighters executed and beheaded in southern Africa by colonial British forces have called on the Natural History Museum in London and the University of Cambridge to help them find their ancestors’ looted skulls. Zimbabwean descendants of the first chimurenga heroes, who led an uprising against British colonisers in the 1890s, have long believed the museum and university hold several of the skulls. Continue reading...
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Weight-loss jab could be made for $3 a month, study finds
3 days ago
by Kat Lay, Global health corespondent
Global health, Global development, Weight-loss drugs, Obesity, Society, Health, Diabetes, Science, Pharmaceuticals industry, Business, Africa, World news, South Africa, World Health OrganizationCheap semaglutide, the drug in Ozempic and Wegovy, could help millions with diabetes and obesity in 160 countries Weight-loss jabs such as Wegovy could be made for just $3 a month, according to new analysis, potentially making the treatment available to millions in poorer countries as patents expire. More than a billion people live with obesity worldwide, with rates rising fast in lower-income nations as they shift to westernised diets and more sedentary lifestyles. Continue reading...
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Three men deported by US file legal case against Eswatini over detention
4 days ago
by Rachel Savage Southern Africa correspondent
Eswatini, US news, Cuba, Jamaica, Yemen, Africa, World news, ICE (US Immigration and Customs Enforcement)The men, sent to Africa after completing criminal sentences in the US, are from Cuba, Jamaica and Yemen Three men deported by the US to Eswatini – rather than their home countries – have filed a case against Eswatini’s government with the African Union’s human rights body, claiming their detention was an unlawful violation of their rights. Two of the claimants, from Cuba and Yemen, have been in prison in Eswatini, formerly Swaziland, for eight months. The third, Orville Etoria, was repatriated to his home country, Jamaica, in September. Continue reading...
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South Africa’s president calls Trump’s policy to offer refuge to white Afrikaners ‘racist’
4 days ago
by Rachel Savage in Johannesburg
South Africa, Donald Trump, World news, US news, AfricaUS president is ‘truly uninformed’ for spreading claims of ‘white genocide’ in South Africa, Cyril Ramaphosa tells New York Times South Africa’s president, Cyril Ramaphosa, has called Donald Trump’s policy of allowing white Afrikaners to apply for refugee status in the US “racist”, saying the US president was “truly uninformed” in a rare instance of direct criticism. Ramaphosa told the New York Times that last year’s Oval Office meeting with the US leader, when Trump turned down the lights and played a video that he falsely claimed showed there was a “white genocide” in South Africa, was a “spectacle” and an “ambush”. Continue
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Lewis Hamilton sets sights on racing in an African grand prix before retiring
4 days ago
by PA Media
Lewis Hamilton, Formula One 2026, Ferrari, Formula One, Motor sport, Sport, Africa* British former champion hits out at former colonial rulers * ‘I’m hoping countries unite and take Africa back’ Lewis Hamilton has called for a movement to “take Africa back”, claiming the continent is being “controlled” by European powers. On the eve of the new Formula One season in Melbourne, the seven-time champion outlined his ambition to compete in a grand prix on African soil. But the 41-year-old, F1’s first black race driver, did not stop there. He suggested former colonial rulers still exerted undue power in the region and called for action to reverse that influence. “I’ve got roots from
South China Morning Post
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Video shows apparent US strike as Trump blames Iran for school massacre
an hour ago
by SCMP Reporter,Agencies
New video from Iranian state media shows a missile slamming into a compound in southern Iran, as evidence mounted that the US military was most likely responsible for the February 28 attack on a girls’ school that left more than 160 dead, mostly children. The footage, published Sunday by the Mehr News Agency, was titled “The moment when Israeli and American terrorists struck #Minab school”. Video shows a munition consistent with a Tomahawk cruise missile striking an area as black smoke rose from...
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Where things stand after another weekend of war in the Middle East
4 hours ago
by Associated Press
Iran has named a son of its late supreme leader as his successor. US President Donald Trump already had expressed disdain for Mojtaba Khamenei, calling him “unacceptable”. The Islamic Republic’s war strategy now has a new commander, and the powerful paramilitary Revolutionary Guard has pledged allegiance. Oil prices shot above US$100 a barrel. Both sides in the war struck new targets over the weekend, including civilian ones. Bahrain accused Iran of hitting one of the desalination plants that...
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Cathay fares surge, CUHK professor suspended in Australia: 5 weekend reads you missed
5 hours ago
by SCMP
We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. As Iran war closes Middle East skies, how high can Cathay Pacific fares fly? 2. Rising star chip scientist Jiang Jianfeng leaves MIT for Peking University 3. Takeaways from Foreign Minister Wang Yi at China’s ‘two sessions’ 4. Singapore real estate giants feel the heat amid China’s property...
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Ukraine protests Russia’s participation in Venice Biennale
11 hours ago
by dpa
Ukrainian ministers launched a protest at plans to reopen the Russian pavilion at the Venice Biennale, in a statement published in Kyiv on Sunday. Foreign Minister Andrii Sybiha and Culture Minister Tetyana Berezhna called the admission of Russian artists to international events unacceptable and asked the organisers to reconsider their decision. After all, they had condemned Moscow’s aggression soon after the start of Russia’s war against Ukraine more than four years ago, they noted. “It is...
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Who is Mojtaba Khamenei, Iran’s new supreme leader?
11 hours ago
by Reuters
Ayatollah Ali Khamenei’s son Mojtaba was chosen by Iran’s Assembly of Experts to succeed his late father as supreme leader, in a sign that hardliners were still firmly in charge. The clerical body named the 56-year-old mid-ranking cleric, who has survived the US-Israeli air war on Iran, as successor more than a week after Ayatollah Ali Khamenei was killed in an air strike, Iranian media reported. A member of the council, Ayatollah Mohsen Heidari Alekasir, said in a video on Sunday that a...
New York Times
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U.S. Tomahawk Hit Naval Base Beside Iranian School, Video Shows
5 hours ago
by Malachy Browne and John Ismay
US and Israeli Attack on Iran (2026), Civilian Casualties, Missiles and Missile Defense Systems, Video Recordings, Downloads and Streaming, United States Defense and Military Forces, Caine, John Daniel (1968- ), Trump, Donald J, IranThe evidence contradicts President Trump’s claim that Iran was responsible for a strike at the school that killed 175 people, most of them children.
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Mojtaba Khamenei, Son of Iran’s Slain Supreme Leader, Is a Mysterious Figure
9 hours ago
by Farnaz Fassihi
US and Israeli Attack on Iran (2026), International Relations, Appointments and Executive Changes, United States International Relations, War and Armed Conflicts, Assassinations and Attempted Assassinations, Khamenei, Ali, Khamenei, Mojtaba (1969- ), IranThe succession of the slain leader’s son is seen as a signal of the Islamic republic’s defiance of Israel and the United States, and of continuity during crisis.
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Pentagon Announces Seventh U.S. Death in War With Iran
11 hours ago
by Eric Schmitt and Helene Cooper
US and Israeli Attack on Iran (2026), United States Defense and Military Forces, Deaths (Fatalities), Defense DepartmentThe service member killed was not publicly identified, but U.S. Central Command said the death was caused by injuries after an attack on a Saudi military base.
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On the Road With Zelensky, Weathered, Weary and Fighting On
5 hours ago
by Kim Barker and Brendan Hoffman
Zelensky, Volodymyr, Russian Invasion of Ukraine (2022), Donetsk (Ukraine), US and Israeli Attack on Iran (2026), Defense and Military ForcesUkraine’s leader, Volodymyr Zelensky, traveled east to visit frontline troops trying to stave off Russian attacks, and invited reporters for The New York Times to go with him.
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Ukraine Sent Drone Experts to Protect U.S. Bases in Jordan, Zelensky Says
5 hours ago
by Kim Barker
Russian Invasion of Ukraine (2022), US and Israeli Attack on Iran (2026), Drones (Pilotless Planes), United States International Relations, United States Defense and Military Forces, Missiles and Missile Defense Systems, Zelensky, Volodymyr, Trump, Donald J, Jordan, United States, Ukraine, RussiaAs the war in Iran spreads, Kyiv is eagerly offering its hard-won expertise and advanced technology to counter Iranian drones.