Argentina has instructed its Foreign Ministry and government legal teams to initiate international arbitration against the United Kingdom over hydrocarbon activities in the Malvinas Islands, President Javier Milei announced on September 28.
The economies of the Persian Gulf are facing an unprecedented shock as the prolonged disruption of the Strait of Hormuz pushes some of the world’s largest oil-exporting nations toward financial crisis. Countries
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A mounting aviation dispute has erupted between European Union regulators and airlines over passenger compensation rules, as soaring jet fuel costs and widespread flight cancellations put the region’s air transport system under
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Prices for oil rose sharply on Monday amid renewed tensions in the Strait of Hormuz. Brent crude increased by $6.27 (5.8%), closing at $114.44 per barrel, while WTI rose by $4.48 (4.4%)
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“Equality consists in the same treatment of similar persons.” — Aristotle The Current Crisis The ongoing hostilities involving Iran have engendered a complex and far-reaching perturbation within the global civil aviation ecosystem,
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The war involving the United States and Israel against Iran has triggered one of the most severe disruptions in global energy flows in recent decades, effectively paralyzing the Gulf region’s dominance in
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There is a certain irony in seeing some of the world’s richest countries quietly ask the United States for financial relief. For decades, the Gulf monarchies cultivated an image of inexhaustible wealth:
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The United Arab Emirates has announced its withdrawal from OPEC and OPEC+, marking one of the most significant disruptions to the global oil alliance in decades and delivering a major setback to
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A ceremony has been held in Bangladesh to mark the beginning of nuclear fuel loading into the first unit of the Rooppur Nuclear Power Plant, the country’s first-ever nuclear power facility. The
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As the conflict in the Middle East drags beyond two months, Asia-Pacific economies are confronting a mounting energy crisis that threatens to ripple through everything from manufacturing to food security. With the
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Concerns over the stability of global trade routes have intensified as attention shifts from the Middle East to Southeast Asia, where the Strait of Malacca stands as one of the world’s most
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BP Plc reported a dramatic surge in first-quarter earnings, driven by soaring oil prices and exceptional performance in its trading division following the outbreak of war involving Iran. The London-based energy major
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There is a growing sense among policymakers and markets that the era of the petrodollar may be under strain. The escalation of tensions around Iran, disruptions in Gulf shipping routes, and experiments
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Fusion power has long been portrayed as the ultimate clean energy solution: a nearly limitless, zero-emissions source of electricity capable of transforming global energy systems. But new research highlighted by MIT Technology
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Less than a day after signaling a reopening, Iran has once again tightened its grip on the Strait of Hormuz, one of the most strategically vital waterways on the planet. The abrupt
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Asian refiners are increasingly turning to U.S. crude in an urgent bid to secure fuel supplies as disruption in the Middle East reshapes global oil trade, according to reporting by Bloomberg. Oil
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