Oil tanker off Dubai hit by Iranian strike, Trump threatens to obliterate Iran's energy
Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Monday, as President D...
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
Iran has introduced a new three-tier pricing system for subsidized gasoline, marking the country’s first fuel price adjustment since 2019. Under the revised scheme, which took effect on Saturday, motorists can purchase up to 60 litres per month at the lowest subsidized rate. An additional 100 litres is available at a higher price, while any fuel beyond 160 litres is charged at a new top rate. Authorities say the measure is aimed at curbing rising fuel consumption amid a weak currency and ongoing economic sanctions.
Despite the changes, gasoline prices in Iran remain among the lowest in the world. Officials have approached the adjustment cautiously, mindful of the 2019 fuel price hike that triggered nationwide protests and a deadly crackdown.
Reactions on the streets of Tehran were mixed but largely calm. Taxi driver Majid Ebrahimi expressed frustration with the government’s focus on fuel prices, saying it would be better to control the rising costs of other goods such as dairy, which “go up five or six times a year,” rather than fuel. Meanwhile, a motorcycle driver welcomed the change, noting that “fuel was very cheap in Iran, and it is the right way to start with these three rates,” calling the move the right choice.
Officials say the new system is designed to ease economic pressure while managing fuel demand, without sparking public anger or repeating the unrest of the past.
U.S. President Donald Trump has said that the U.S is in talks with the new Iranian regime. He said this in a post on his Truth Social account but warned that the U.S. will "Obliterate" Iran's electric and oil facilities if no deal is reached, especially regarding the Strait of Hormuz closure.
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island’s political and economic system. Renewed focus on relations comes as Donald Trump’s rhetoric intensifies and conditions on the island worsen.
NASA is aiming to launch its Artemis 2 mission on Wednesday (1 April), sending astronauts on a 10-day journey around the Moon, officials confirmed. According to the Space Administration, the launch window is due to open at 23:24 GMT, with additional opportunities to 6 April if delays occur.
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of preparations for the first crewed journey towards the Moon in more than five decades
More than 372,000 people were left without electricity in Russia’s southern region of Dagestan after heavy rain triggered severe flooding, officials said.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
World Trade Organization (WTO) 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.
Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
Meta Platforms is increasing compensation for top executives, including its first-ever offer of stock options, as it tries to fend off competition in the artificial intelligence (AI) race and incentivize leaders to stay with the company for several years.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
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