The US has upheld Iraq's waiver for Iranian gas imports but revoked its power import exemption. The decision poses challenges for Iraq's energy sector, which relies heavily on Iranian gas. The US urges Iraq to diversify energy sources and reduce dependence on Iran.
The United States has upheld its waiver allowing Iraq to import Iranian gas but has revoked its exemption for imported electricity, according to Farhad Alaaeldin, foreign affairs adviser to the Iraqi Prime Minister. Speaking to an Iraqi TV channel on Wednesday, Alaaeldin confirmed that while the gas waiver remains in place, Iraq can no longer rely on the exemption for power imports.
Iranian gas plays a crucial role in Iraq’s energy sector, with approximately 43% of the country’s electricity generated from gas imported from its eastern neighbor. The sudden cancellation of the power exemption could pose significant challenges for Iraq’s already strained energy grid.
Despite maintaining the gas waiver, the U.S. is urging Iraq to reduce its reliance on Iranian energy and explore alternative sources. "The American administration says ... diversify your import sources. Go to other countries," Alaaeldin stated.
This policy shift is part of broader U.S. efforts to limit Iran’s regional influence. As Iraq seeks to balance energy security with geopolitical pressures, securing new energy partnerships will be a priority in the coming months.
A Russian missile strike on a grain vessel in the Black Sea port of Odesa killed four people and damaged key infrastructure, underscoring the ongoing threats to Ukraine's vital export routes amid the ongoing war.
Vietnam and Singapore have agreed to enhance cooperation in subsea cables, finance, and energy, upgrading their relations to a "comprehensive strategic relationship." They aim to expand digital connectivity and meet the growing demand for data services, with Singapore investing heavily in Vietnam.
Inditex, parent company of Zara, reported a 4% sales growth in Q1 2025, down from 11% last year, amid concerns about weakening consumer demand. Despite this, the company plans a 9% dividend increase and €1.8 billion investment in growth, with expansion into new markets.
RBI seeks applications for a self-regulatory body for account aggregators. The SRO will oversee compliance, ensuring secure financial data-sharing. Eligible entities must apply by 15 June, with at least 25 members from financial providers and users.
Mukesh Ambani’s Reliance Jio has partnered with Elon Musk’s SpaceX to bring Starlink to India after months of rivalry. The deal, pending government approval, provides Starlink with a low-cost entry, tapping into India's booming satellite market while boosting Jio’s reach.
A Russian missile strike on a grain vessel in the Black Sea port of Odesa killed four people and damaged key infrastructure, underscoring the ongoing threats to Ukraine's vital export routes amid the ongoing war.
NASA has launched two missions to explore the universe’s origins and the Sun’s outer atmosphere. The SPHEREx observatory and PUNCH satellite constellation will map the cosmos and study solar wind, helping scientists understand cosmic evolution and improve space weather forecasts.
On March 12, Azerbaijani President Ilham Aliyev met with Vaira Vike-Freiberga and Ismail Serageldin, co-chairs of the Nizami Ganjavi International Center, along with former heads of state, government, and Board of Trustees members.
The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
The Organization of Islamic Cooperation (OIC) is set to condemn Trump’s Gaza “Riviera” plan, backing Egypt’s $53 billion reconstruction proposal. A classified draft resolution, rejects the relocation of Gazans, calls for urgent international support, and mobilises opposition to the U.S. stance.
A Russian missile strike on a grain vessel in the Black Sea port of Odesa killed four people and damaged key infrastructure, underscoring the ongoing threats to Ukraine's vital export routes amid the ongoing war.
Cuba has granted early release to 553 prisoners as part of a deal mediated by the Holy See during the final days of former U.S. President Joe Biden’s presidency.
Russian officials express reservations over the U.S. proposal for a 30-day ceasefire in Ukraine, highlighting the need for guarantees and the ongoing military situation.
Vietnam and Singapore have agreed to enhance cooperation in subsea cables, finance, and energy, upgrading their relations to a "comprehensive strategic relationship." They aim to expand digital connectivity and meet the growing demand for data services, with Singapore investing heavily in Vietnam.
China will hold talks with Russia and Iran in Beijing on Iran’s nuclear programme, following a UN Security Council meeting on uranium enrichment concerns.
A Russian missile strike on a grain vessel in the Black Sea port of Odesa killed four people and damaged key infrastructure, underscoring the ongoing threats to Ukraine's vital export routes amid the ongoing war.
NASA has launched two missions to explore the universe’s origins and the Sun’s outer atmosphere. The SPHEREx observatory and PUNCH satellite constellation will map the cosmos and study solar wind, helping scientists understand cosmic evolution and improve space weather forecasts.
On March 12, Azerbaijani President Ilham Aliyev met with Vaira Vike-Freiberga and Ismail Serageldin, co-chairs of the Nizami Ganjavi International Center, along with former heads of state, government, and Board of Trustees members.
The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.
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