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The U.S. Senate on Wednesday blocked two resolutions that would have stopped the sale of some $450 million in bombs and bulldozers to Israel, as President Donald Trump’s fellow Republicans rallied behind his support for the Jewish state.
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The Japanese government said Wednesday it will provide a total of $10 billion in financial support to other Asian nations to help them secure crude oil supplies as prices soar amid the Middle East conflict, aiming to ensure that petroleum-derived products made in those countries keep flowing into Japan.
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A US-sanctioned tanker linked to China changed course after sailing out of the Strait of Hormuz, where vessel movements are being closely watched following a naval blockade announced by Donald Trump. According to a Reuters report, the vessel. Rich Starry, made its way back to the Strait of Hormuz as it failed to break through the US blockade.
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North Korea has made ’’very serious’’ advances in its abilities to turn out nuclear weapons, with the probable addition of a new uranium enrichment facility, as it stepped up activity at a key complex, IAEA chief Rafael Grossi said on Wednesday.
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U.S. Treasury Secretary Scott Bessent said on Tuesday China had been an unreliable global partner during the Middle East war by hoarding oil supplies and limiting exports of some goods, mirroring its actions with medical goods during the COVID-19 pandemic.
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Despite headwinds from global energy market disruptions triggered by the Iran war, South Asia continues to be the world’s fastest-growing region, with India acting as the principal engine of growth, according to the latest report by the World Bank.
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The U.S. military announced it will begin a blockade of all Iranian ports and coastal areas on Monday, as President Donald Trump sought to pressure Iran in a move that risks driving oil prices even higher and renewing the war. The announcement set the stage for a showdown, as Iran immediately responded with threats on all ports in the Persian Gulf and the Gulf of Oman.
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Oil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the war.
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Viktor Orbán’s 16 years in power is over, and the system condemned as an ’’electoral autocracy’’ lies in tatters, defeated by a 45-year-old former party insider who convinced a majority of Hungarians to bring it to an end.
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Oil prices rose back above $100 a barrel as energy markets reopened in Asia on Monday after talks between the US and Iran ended without a new deal and President Donald Trump said he would blockade Iranian ports.