Global oil prices surged on Sunday as the Israel-Iran conflict continued to rattle markets, with Brent crude rising 3.9% to $80 per barrel and U.S. crude climbing 4.3% to $77 per barrel.
The ongoing tensions have caused sharp fluctuations in oil prices over the past week, fueling volatility in the U.S. stock market. Futures for the S&P 500 fell 0.6% on Sunday, and treasury yields dipped slightly amid investor concerns.
The Strait of Hormuz, a critical chokepoint for global crude supply, has become a focal point due to Iran's position as a major oil producer and its proximity to the waterway. Fears of disruptions to crude flow have driven markets to react strongly to developments in the conflict.
Analysts warn that further escalation in the Middle East could significantly impact global energy supplies and financial markets.
Russia’s car imports dropped by 63% in the first six months of 2025 compared to the same period last year, falling to 149,300 units, according to da...
Azerbaijan’s Foreign Minister Jeyhun Bayramov met with Georgian Prime Minister Irakli Kobakhidze in Tbilisi to discuss bilateral relations and regio...
President Donald Trump announced Tuesday that he may soon travel to China for a meeting with Chinese President Xi Jinping, describing the potential tr...
Israel’s Defense Minister has raised the prospect of a renewed campaign against Iran, warning that Tehran must be prevented from reviving its nuclea...
U.S. President Donald Trump announced a new trade deal with Japan on Tuesday, calling it one of the largest agreements ever made....
Russia’s car imports dropped by 63% in the first six months of 2025 compared to the same period last year, falling to 149,300 units, according to data released by Russian automotive analytics agency Avtostat.
Azerbaijan’s Foreign Minister Jeyhun Bayramov met with Georgian Prime Minister Irakli Kobakhidze in Tbilisi to discuss bilateral relations and regional developments, according to a statement from the Georgian government.
President Donald Trump announced Tuesday that he may soon travel to China for a meeting with Chinese President Xi Jinping, describing the potential trip as happening in the 'not-too-distant future.'
U.S. President Donald Trump announced a new trade deal with Japan on Tuesday, calling it one of the largest agreements ever made.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Türkiye and Vietnam signed a new defence cooperation protocol on Tuesday during the IDEF 2025 international defence fair in Istanbul, marking a significant step forward in bilateral military ties.
Russia’s car imports dropped by 63% in the first six months of 2025 compared to the same period last year, falling to 149,300 units, according to data released by Russian automotive analytics agency Avtostat.
President Donald Trump announced Tuesday that he may soon travel to China for a meeting with Chinese President Xi Jinping, describing the potential trip as happening in the 'not-too-distant future.'
U.S. President Donald Trump announced a new trade deal with Japan on Tuesday, calling it one of the largest agreements ever made.
Iran, Russia and China have held a trilateral meeting in Tehran to discuss nuclear negotiations and sanctions on Iran, according to state news agency IRNA.
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