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AI summaryAs the US-Israel war in Iran disrupts global oil supplies, major energy companies report soaring profits, sparking debate over windfall taxes and the burden on households. BP and TotalEnergies lead with significant earnings jumps, while analysts highlight the broader economic impact on consumers and governments.
AI summaryIran’s currency has plunged to a record low of more than 1.81 million rials to the US dollar on the open market, as a US naval blockade and sanctions continue to disrupt oil exports and trade. The UN has meanwhile condemned a sweeping crackdown in Iran, reporting at least 21 executions and more than 4,000 detentions since the war began.
AI summaryRussian media report that The National Interest ranked Russia's T-72 as the world's best tank. A retired colonel with operational experience of both Russian and foreign tanks supports the ranking, citing the T-72's upgrade potential and combat longevity. Western sources have not confirmed the ranking details.
AI summaryIran’s economy is facing severe strain as the rial hits record lows, inflation soars to around 70%, and prices of essentials surge. The war with the US and Israel, along with US sanctions and a naval blockade, have crippled key industries, leading to job losses and a struggling middle class. The government has raised the minimum wage by 60% and introduced coupon programs, but economists warn these measures could stoke inflation further.
AI summaryYashar! Party chairman Gadi Eisenkot pledged to place a Druze member in a realistic position on the party's Knesset list during a tour of Druze communities, and announced that economist Shaul Meridor has joined the party ahead of elections expected by October.
AI summaryAverage US gasoline prices have climbed to multi-year highs above $4 a gallon, with reports citing figures from $4.18 to $4.48 nationally and over $6 in California, as Brent crude exceeds $100 a barrel. Outlets link the rises to disruptions in the Strait of Hormuz amid the US-Israel conflict with Iran and related naval measures. Officials and analysts offer differing assessments of the economic impact and underlying causes.
AI summaryThe Palestinian Football Association has filed an appeal with the Court of Arbitration for Sport against FIFA's decision not to sanction Israel over clubs in West Bank settlements. The move comes amid visa issues for delegates ahead of the FIFA Congress and follows a tense moment between Palestinian and Israeli football officials at the event.
AI summaryChinese experts say the US-Israeli military operation against Iran has prompted strong opposition worldwide and left Washington in a strategic stalemate. Iran has closed the Strait of Hormuz to US-allied shipping while granting passage to friendly nations, and Germany has called for a diplomatic solution.
AI summaryThe United Arab Emirates has announced its withdrawal from OPEC and OPEC+, effective May 1, citing long-term strategic and economic goals. The move, which surprised observers given the ongoing Strait of Hormuz disruptions, will leave the cartel with 11 members and reduce its capacity by about 15 percent.
AI summaryA Wall Street Journal report alleges Qatar offered to 'look after' ICC prosecutor Karim Khan in exchange for indicting Israeli leaders, prompting concerns about the court's impartiality. The claims, based on a witness statement and audio recording, have been denied by Khan's lawyer and remain unverified.
AI summaryJapanese authorities have confirmed they did not pay Iran for the passage of the Idemitsu Maru through the Strait of Hormuz, attributing the vessel's safe transit to government negotiations. The tanker, carrying two million barrels of oil, had been stranded for nearly two months amid heightened tensions in the region.
AI summaryUS intelligence agencies are studying how Iran would respond if President Trump declared a unilateral victory in the two-month-old war, according to Reuters. The move could ease political pressure on Trump but risks emboldening Iran. No decision has been made, and the president could still escalate military operations.
AI summaryMultiple analyses warn that the Iran war could cost the UK £35bn, halve growth to 0.7%, and push unemployment to 5.8%, with 250,000 job losses. Chancellor Reeves summons bank chiefs to discuss protecting mortgage borrowers as consumer confidence drops to its lowest since 2023.
AI summaryAt least five people, including three civil defense members, were killed in Israeli air strikes on Majdal Zoun in southern Lebanon. Lebanese officials condemned the attack as a war crime, while the Israeli military has not commented. The strikes occurred amid a fragile US-brokered ceasefire.
AI summaryMultiple polls show President Trump's approval rating has fallen to record lows, with a majority of Americans disapproving of his handling of the economy, the cost of living, and the war with Iran. A Washington Post-ABC-Ipsos poll found 61% believe the military action against Iran was a mistake, while a Reuters/Ipsos poll showed just 22% approve of Trump's performance on the cost of living.
AI summaryHezbollah has launched drone attacks on Israeli troops in southern Lebanon, killing at least two soldiers and wounding others, as a US-brokered ceasefire continues to fray. Israel has responded with airstrikes and ordered evacuations, while both sides accuse each other of violations.
AI summaryThe UAE's decision to leave OPEC and OPEC+ from May 1, 2026, is expected to weaken the cartel's influence on global oil prices and increase doubts about Saudi-led production quotas. Analysts cite the UAE's desire to maximize production capacity and long-standing disagreements with Saudi Arabia as key factors, though short-term price impact may be limited.
AI summaryDoctors Without Borders (MSF) has accused Israel of using water as a weapon of collective punishment in Gaza, citing systematic destruction of water infrastructure. Israel's COGAT denies the claims, saying it supplies water exceeding humanitarian thresholds and accusing MSF of echoing Hamas propaganda.
AI summaryLebanese Hezbollah expert Hanin Ghaddar says the government is not serious about disarming Hezbollah, pointing to the release of two operatives on bail. The Jerusalem Post reports that Lebanon banned Hezbollah's military activities in March, but the group continues to fire into Israel.
AI summaryIranian officials say the war with the United States and Israel is not over and that the armed forces remain on high alert. The statements come after a 40-day conflict that killed 3,375 Iranians, according to Tehran, and as ceasefire talks in Islamabad failed to produce a long-term agreement.