Pentagon official says U.S. war in Iran has cost $25 billion so far
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 bi...
Hungary will release 250,000 tonnes of crude oil from its strategic reserves following a halt in flows on the Druzhba pipeline. The decision was announced in a government decree published late on Thursday.
The measure aims to ensure a continuous supply of crude oil to domestic refineries and prevent fuel shortages. Authorities have not yet explained why the current stoppage happened or said when it will resume.
Under the new provisions, the Hungarian oil company MOL is entitled to priority access to the released reserves. MOL operates the Danube Refinery in Százhalombatta, which processes fuel for the domestic market.
The government said the released stockpile will allow the company to maintain stable energy production while the pipeline issue is resolved. The reserves will directly replace the missing pipeline volumes to keep operations running.
The Druzhba pipeline is a key energy route for Central Europe, delivering Russian crude to landlocked nations such as Hungary, Slovakia, and the Czech Republic. Disruptions along the route have previously prompted governments to tap into emergency reserves to stabilise regional energy markets.
Hungary is required to maintain strategic stockpiles to manage unexpected supply failures. The current release provides a temporary buffer while alternative supply options or pipeline repairs are evaluated.
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran that does not deal with its nuclear programme. Washington is insisting that any talks must address Iran’s nuclear activities.
The death toll from a train collision near Indonesia’s capital Jakarta rose to 14 women on Tuesday (28 April), with 84 people injured, after rescuers completed efforts to free passengers trapped in the wreckage, the state rail operator said.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
Mexican special forces arrested Audias Flores, known as “El Jardinero”, a senior commander of the powerful Jalisco New Generation Cartel (CJNG), during an operation in the western state of Nayarit, Security Minister Omar García Harfuch said on Monday (27 April).
Two Jewish men have been stabbed in London in an incident that British police are treating as a terrorist attack.
Reversing a decade of restrictions, New South Wales has opened new areas for gas exploration in its remote west. The move reflects growing concern over future energy supply across Australia’s east coast.
Travel demand across China is expected to remain robust during the upcoming five-day Labour Day holiday starting 1 May.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 29th of April, covering the latest developments you need to know.
Mali’s military leader, Assimi Goita, has said the situation is “under control” in his first public remarks since a wave of coordinated attacks shook the country last weekend.
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