World news

World news

The Saudi sovereign wealth fund's exit from LIV Golf, after pouring more than $5 billion into the PGA competitor since 2022, is the first major casualty of the kingdom rationing cash as oil exports sink.

Prices are surging in Iran, with food, medicine, and other essential items costing significantly more than the previous week, reflecting the economic strain on citizens.

Zack Schofield alleged the protesters were subjected to violence by the Israeli forces, despite claims from Israel's foreign minister that they were taken off unharmed. They took people into the fourth shipping container and beat them with the butts of their rifles and batons, and with their fists and their feet.

Brent crude futures for June hit $126.41 a barrel before expiry, marking the highest level since March 2022, with a 5.7 percent gain over the week.

Browne stated, 'You have spoken, you have spoken clearly. You have indicated that the Antigua and Barbuda Labour party is the best institution to run this country.' This reflects the strong support for his party in the election.

Oil companies are reaping substantial profits as the conflict drives up oil prices and increases demand, showcasing the financial benefits of war.

The average price of one gallon of gasoline in the United States has reached $4.30, according to the American Automobile Association (AAA), up from less than $3 before the February 28 start of the US-Israel war on Iran.

Brent crude hit a record price since the war began on 28 February, surging more than 13% in 24 hours, marking the highest level since 2022.

The breakdown of talks between the U.S. and Iran, along with President Trump reportedly rejecting Iran's proposal for a reopening of the Strait of Hormuz, has the market losing hope for any quick resumption in oil flows.