Oil prices drop after Israel confirmed ceasefire with Iran
Oil prices fell sharply for a second day after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears that the conflict would disrupt global energy supplies.
Iran's Deputy President for Strategic Affairs, Javad Zarif, announced his resignation on Monday after a prolonged legal dispute over his appointment.
In a post on X, the former foreign minister said he had worked with dedication in President Masoud Pezeshkian's government but faced "vile insults, slanders, and threats" over the past six months. Calling it the "most bitter" period of his 40-year career, he cited controversy over his appointment, as critics argued it violated the Constitution due to his US-born children.
Zarif, who played a key role in the 2015 Iran nuclear deal, said he had long endured accusations while serving national interests. Invited by the judiciary chief, he was advised to return to academia to ease pressure on the government.
"I hope that with my departure, obstacles to the people's will and the government's success will be removed," Zarif said.
Under heavy pressure from conservative circles, Zarif had previously dismissed speculation about his resignation. The president’s office has not commented yet, but sources suggest the resignation will be accepted.
Meanwhile, Economy Minister Abdolnasser Hemmati was impeached by parliament on Sunday amid economic struggles and a weakening rial.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
The European Union will provide €20 million in humanitarian aid to support vulnerable refugees in Türkiye. This funding will be directed to humanitarian partners working closely with Turkish authorities to address refugees’ essential needs, including protection, health, water and sanitation, etc.
President Ilham Aliyev today inaugurated Azerbaijan's largest power plant in Mingachevir, constructed in partnership with Italian and Chinese companies.
The two-day Fintex Summit 2025 – Finance and Technologies Expo – has officially opened in Baku, bringing together key players from the financial and tech sectors to explore innovation, digitalisation, and regulatory trends.
Kazakhstan and The European Bank for Reconstruction and Development (EBRD) will continue to work together to support transport infrastructure, green energy, small and medium-sized businesses, agriculture, and information technology in the country.
Following the announcement of a ceasefire between Iran and Israel, U.N. nuclear chief Rafael Grossi has reached out to Tehran, urging renewed cooperation on its nuclear program.
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