Day three of the U.S.-Iran conflict: Further strikes and oil price surge
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have sur...
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
This year’s laureates include María Corina Machado of Venezuela, recognised for her long-standing advocacy of democratic rights, alongside a range of scientists and writers whose work has advanced human knowledge and culture.
The day combines royal ceremony, academic prestige, and global recognition of achievements that have shaped the world.
In Stockholm, awards in Physics, Chemistry, Medicine, Literature and Economic Sciences will be presented at the city’s Concert Hall by Sweden’s King Carl XVI Gustaf.
The event will be followed by the famed Nobel Banquet at Stockholm City Hall — a black-tie gathering known for elaborate dishes, artistic performances and speeches from the laureates.
This year’s roster of laureates spans scientific breakthroughs and cultural achievement.
In Physiology or Medicine, the prize went to Mary E. Brunkow, Fred Ramsdell and Shimon Sakaguchi for their pioneering discoveries into how the body regulates immune tolerance — knowledge that may transform treatments for autoimmune diseases.
In Physics, and Chemistry, major breakthroughs were also honoured — underscoring advances in our understanding of the universe and the building blocks of nature.
Literature’s 2025 laureate is László Krasznahorkai, recognised for a profound and visionary body of work that confronts human existence and modern anxieties through intense, poetic prose.
The 2025 Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion and Peter Howitt, recognised for their influential work explaining how innovation-driven economic growth shapes societies and livelihoods.
Peace prize laureate
The Nobel Peace Prize will be awarded earlier on Wednesday in Oslo, at the City Hall, though this year’s laureate, María Corina Machado of Venezuela, will not be present to receive the award in person.
Machado, 58, was recognized for her long-standing advocacy of democratic rights and non-violent political change.
She had originally been scheduled to attend the ceremony and deliver the official Nobel Lecture, despite a decade-long travel ban imposed by Venezuelan authorities and after spending more than a year in hiding.
However, as confirmed Wednesday by the Director of the Norwegian Nobel Institute, Kristian Berg Harpviken, Machado will be unable to travel to Oslo.
The ceremony — to be held in the presence of King Harald, Queen Sonja, and several Latin American leaders including Argentine President Javier Milei and Ecuadorean President Daniel Noboa — will proceed as planned.
In keeping with Nobel tradition, when a laureate cannot attend, a close relative accepts the award and delivers the lecture on their behalf. In this case, Machado’s daughter, Ana Corina Sosa Machado, will represent her mother at the ceremony.
When she was announced as the 2025 Peace Prize winner in October, Machado dedicated the honor in part to U.S. President Donald Trump, who has publicly claimed he should have received the award himself.
With world leaders, diplomats, scientists and artists gathering for the ceremonies, the Nobel Prizes highlight achievements that have pushed humanity forward. Per tradition, each laureate receives a gold medal, a diploma and a monetary award, this year amounting to 11 million Swedish krona (about $1 million) each.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
The UK said it's allowing the U.S. to use its bases for defensive strikes against Iran amid escalating missile attacks, after a suspected drone strike hit a British airbase in southern Cyprus, causing limited damage.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
European Union stands with its member states in the face of any threat, EU Commission President Ursula von der Leyen said in response to the drone strike that hit Britain's Royal Air Force base of Akrotiri in southern Cyprus overnight.
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