$500 million oil bets placed minutes before Trump delays Iran strikes, prices plunge
Traders placed more than $500 million in oil bets minutes before Donald Trump announced a delay to planned strikes on Iran, ...
Former Georgian Prime Minister Irakli Garibashvili has been sentenced to five years in prison, fined one million lari, and had $6.5 million and several vehicles confiscated.
Garibashvili, 43, pleaded guilty to charges of large-scale money laundering and voluntarily cooperated with authorities.
His lawyer, Mikheil Shakulashvili, confirmed the news on Monday adding that the former prime minister has not testified against anyone and does not intend to do so.
“He cooperated on his own initiative,” Shakulashvili said, noting that no further charges have been discussed beyond the current case.
Authorities seized flash drives and other items from Garibashvili’s residence, while the $6.5 million recovered has been transferred to the state budget.
Shakulashvili clarified that the former prime minister’s winery and factory will not be confiscated, saying that loans taken for land purchases, importing equipment, and operating the factory are still being repaid.
He added that other seized valuables, including gold and watches, did not belong to Garibashvili.
Garibashvili served as Georgia’s prime minister from 2013 to 2015 and again from 2021 to 2024.
The prosecution said Garibashvili was charged under Georgia’s anti-money laundering laws for legalising illegal proceeds and receiving income in an especially large amount.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
Trump says U.S. found “major points of agreement” with Iran and has paused strikes on Iranian power plants, but Tehran denies any direct talks or negotiations, contradicting U.S. claims - latest on Middle East conflict.
Pakistan has offered to host talks between the U.S. and Iran to bring an end to the conflict, while Lebanon has ordered the Iranian Ambassador to leave the country. Meanwhile, oil prices continue rising as the fallout from the Middle East conflict continues.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
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Traders placed more than $500 million in oil bets minutes before Donald Trump announced a delay to planned strikes on Iran, data shows, shortly before prices plunged.
Pakistan has offered to host talks between the U.S. and Iran to end the Gulf conflict, as tensions remain high despite reports of possible diplomacy and continued military strikes across the region.
Hezbollah has pledged to defend the region against Israeli forces, warning it will resist any move to occupy southern Lebanon, as Israel sets out plans to establish a buffer zone following its latest invasion.
Lebanon has expelled Iran’s ambassador and declared him persona non grata, ordering his departure by 29 March, as tensions surge across the Middle East following intensifying cross-border violence.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
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