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AI summaryKenya has approved a six-month waiver on fuel sulphur limits to ensure continued supply amid global disruptions tied to Middle East tensions and the closure of the Strait of Hormuz. The move follows requests from the energy ministry and industry players, with reviews planned if conditions improve.
AI summaryThe CEO of Yara International, the world's largest fertiliser company, warns that the war in Iran could lead to a global fertiliser shortage, reducing crop yields by up to 50% and costing 10 billion meals a week globally, with the poorest countries in Africa and Asia hit hardest. The UK is unlikely to face shortages but may see higher food prices.
AI summaryMinisters and experts from more than 50 countries gathered in Santa Marta for the first conference dedicated to transitioning away from coal, oil and gas. Hosted by Colombia and the Netherlands, the talks produced agreed outcomes and plans for further cooperation, even as major emitters stayed away and details of the next meeting remain unsettled.
AI summaryNigel Farage is under formal investigation by the UK parliamentary standards watchdog over an undisclosed £5m gift from crypto billionaire Christopher Harborne. The gift, received before the 2024 election, was not declared, and Farage claims it was for personal security. The Electoral Commission is also considering whether to investigate.
AI summaryThe Trump administration has told lawmakers that the US-Iran ceasefire that took effect in early April has effectively ended the war, meaning the president does not need to seek congressional approval before a May 1 deadline. The claim rests on a contested reading of the 1973 War Powers Resolution, and has been challenged by Democrats and legal experts.
AI summaryThe Trump administration has told Congress that hostilities with Iran have 'terminated' due to a ceasefire, arguing the 60-day War Powers Resolution deadline for congressional approval no longer applies. The claim has drawn sharp criticism from Democrats and legal experts, who dispute the interpretation.
AI summaryIranian envoys have reiterated Tehran's preference for diplomatic engagement with Washington, even as they rejected European naval deployments near its coast and asserted that the US 'lost' on the battlefield, as reported by TASS.
AI summaryUN Secretary-General António Guterres has called for the immediate reopening of the Strait of Hormuz, warning that continued closure could push tens of millions into poverty, exacerbate global hunger, and tip the world toward recession. His remarks come as diplomatic efforts to resolve US-Iran tensions continue.
AI summaryAs the 60-day deadline set by the War Powers Resolution approaches for the US-Iran conflict, President Trump asserts he does not need congressional authorization to continue military operations, while lawmakers explore legal challenges. The deadline, which falls on May 1, has sparked debate over the limits of presidential war powers and the role of Congress.
AI summaryAustralia has confirmed it is in discussions with the US over a proposal to form an international coalition to reopen the Strait of Hormuz. Foreign Minister Penny Wong says Australia is engaging with partners including the UK, France, and the US, while reports indicate Australia may contribute its E-7A Wedgetail aircraft to a related mission.
AI summaryThe U.S. Senate has again rejected a Democratic-led war powers resolution aimed at limiting President Trump's military actions against Iran, with three Republicans crossing party lines to support the measure. The vote comes as the administration argues the 60-day deadline under the War Powers Act is paused due to a ceasefire, a claim disputed by critics.
AI summaryRussian Deputy Prime Minister Alexander Novak says the global oil market is in deep crisis, with 10-12 million barrels per day not reaching buyers and about 600 million barrels lost since the conflict began. He warns that prices may keep rising if the Middle East situation persists, and confirms an OPEC+ meeting is set for Sunday.
AI summaryA Pentagon official declined to comment on potential changes to U.S. forces in South Korea but stressed Washington's 'unwavering' defense commitment, as Seoul said no discussions are underway on reducing the 28,500-strong USFK. The remarks follow President Trump's announcement that the U.S. is weighing a troop reduction in Germany.
AI summaryThe US economy expanded at a 2% annualized rate in the first quarter of 2026, rebounding from a weak end to 2025 despite the ongoing war with Iran and rising energy prices. Consumer spending slowed, while government and business investment, particularly in AI, drove growth. The outlook remains clouded by the conflict's impact on oil prices and inflation.
AI summaryAs the Pentagon's official estimate of the Iran war's cost rises to $29 billion, Democratic lawmakers and economists argue the true figure could be hundreds of billions higher. Defense Secretary Hegseth defends the administration's handling amid growing scrutiny over transparency and military readiness.
AI summaryGlobal rice supply faces a perfect storm as the Iran war disrupts fertiliser shipments through the Strait of Hormuz, China's export ban tightens markets, and El Niño threatens output in Southeast Asia. Farmers are cutting back on planting, rice prices are climbing, and UN agencies warn of a potential food security crisis just as the world's biggest exporters report record crops.
AI summaryIranian President Masoud Pezeshkian stated that the US naval blockade of Iran is contrary to regional interests and will not help Washington achieve its objectives. He emphasized that security in the Persian Gulf can only be achieved through regional cooperation, while also accusing the US and Israel of causing instability.
AI summaryPresident Donald Trump announced the US is reviewing a possible reduction of troops in Germany, days after Chancellor Friedrich Merz criticized Washington's approach to Iran. The US maintains more than 36,000 active-duty troops in Germany, its largest contingent in Europe.
AI summaryRussian state media report that Moscow and Washington see possible common ground on Ukraine after a Putin-Trump call, with Russia ready to declare a Victory Day ceasefire. Elsewhere, global gold demand hit a 13-year high in Q1 2026, the UAE plans to leave OPEC+, and Poland releases a Russian researcher in a deal with Belarus.
AI summaryVolkswagen reported a 28.4% drop in first-quarter net profit as trade barriers, geopolitical tensions, and weak demand in China and the U.S. weighed on sales. Meanwhile, Germany's economy grew by 0.3% in the first quarter, beating expectations despite rising energy costs. The carmaker says it will intensify savings efforts and overhaul its business model.