live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Wildfires continue to ravage Los Angeles County, claiming 25 lives and displacing tens of thousands. As emergency responders fight the flames, authorities have made 50 arrests for crimes such as looting and arson.
The wildfires burning across Los Angeles County have become one of the most destructive in the region’s history, with at least 25 confirmed deaths and nearly 30 people still missing. The fires have scorched over 115 square kilometers of land, fueled by strong Santa Ana winds reaching speeds of up to 80 kmph. Thousands of homes have been destroyed, and 88,000 residents have been ordered to evacuate, with another 84,000 on high alert.
The blazes have caused widespread damage, with the Eaton and Palisades Fires standing out as the most catastrophic. The Eaton Fire has burned over 56 square kilometers, destroying 7,000 structures and claiming 17 lives. The Palisades Fire has ravaged 93 square kilometers, destroying 5,000 buildings and causing at least 8 deaths. These two fires now rank as the most destructive in Southern California's history, surpassing the Cedar Fire of 2003.
Emergency crews continue to battle the flames, with over 8,000 firefighters working across the region, aided by teams from the U.S. and abroad. While there was some brief relief on Tuesday with lighter winds, conditions remain perilous, and forecasters are warning of the potential for stronger winds that could reignite the fires. Nearly 90,000 households have been left without power, as utilities shut off electricity to prevent additional sparks.
In addition to the growing humanitarian crisis, authorities are facing criminal activity in the affected areas. Police have announced roughly 50 arrests for crimes including looting, flying drones in fire zones, and violating curfews. The cause of the wildfires is still under investigation, but the intense heat and dry conditions have made firefighting efforts particularly challenging.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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