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...
Heavy flooding has wreaked havoc in southwestern China’s Yunnan province, destroying dozens of homes and vital infrastructure in the Nujiang Lisu Autonomous Prefecture, local authorities reported on Monday.
As of Sunday, 27 houses and 16 bridges had been damaged or destroyed by torrential rains and fast-moving floodwaters. The mountainous region, known for its deep valleys and rugged terrain, also suffered multiple road closures due to accompanying landslides.
Despite the scale of the destruction, no fatalities or injuries have been reported so far, a significant relief given that the flooding occurred during a national holiday, with the area hosting hundreds of tourists.
Rescue operations have been complicated by dense fog in parts of the Diqing Tibetan Autonomous Prefecture, further delaying aid delivery and evacuations. Nevertheless, authorities managed to evacuate 300 tourists from the Meri Snow Mountain scenic zone, while several hundred local residents were also relocated to safer areas.
More rainfall is forecast over the coming days, raising fears of further flooding and landslides. Emergency services remain on high alert, with efforts underway to restore access to affected areas and deliver supplies to displaced communities.
The incident highlights the vulnerability of China’s mountainous regions to extreme weather events, particularly as the country enters its annual flood season. Local governments have urged residents and visitors to exercise caution and monitor official advisories.
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.
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.
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.
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.
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.
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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