World

The Hormuz Strait being closed for another month could push oil prices to the $150/barrel mark

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The world is facing the risk of crude oil prices soaring to the threshold of 150 USD/barrel if the maritime route in the Strait of Hormuz is not soon cleared.

Arab countries face the risk of having to fund billions of USD in war expenses for the US military

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The US government is planning to ask Arab countries to share the financial burden for the military campaign targeting Iran.

EU oil and gas has lifebuoys: African super refinery gets involved

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A "new player" from Africa - the super oil refinery Dangote - suddenly emerged as a "cooling down" option for the EU on oil and gas.

Diesel tankers simultaneously change direction, warning of shortages in Europe

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Oil tankers that once transported diesel to Europe have changed direction right at sea, in the context of the Iranian conflict pushing prices up and increasing supply competition.

Iran faces new risks after rejection of US peace proposal

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The US peace proposal was rejected by Iran, tensions escalated as Washington continued to increase regional military pressure.

US officially stops counterpart tax collection from February 24

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The US officially stopped collecting counterpart taxes enacted under the IEEPA Act from 0:01 AM on the 24th, Eastern time.

Russia shoots down 22 consecutive UAVs aimed at Moscow capital

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Russia activated a dense air defense net to completely neutralize a large-scale UAV attack on Moscow.

Gold price forecast for the God of Wealth occasion to welcome a big wave at the end of February

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Gold and silver prices are forecast to continue the upward trend in the last week of February - coinciding with the God of Wealth Day (February 26th, i.e., January 10th).

China determined to protect interests against US tariff measures

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China is determined to protect its legitimate rights and interests, after the US Supreme Court ruled that some tariffs imposed by Washington are illegal.

20 passengers stranded for 6 hours in the elevator of the world's tallest television tower

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20 passengers stranded for 6 hours in the elevator on the world's tallest television tower Tokyo Skytree in Japan, evening of February 22.

Ukraine counterattacks, re-controls 8 important residential areas

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The campaign in Dnipropetrovsk and Zaporizhzhia of Ukraine recorded a new step forward on the battlefield of the conflict.

New York bans people from traveling throughout the city

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The New York City government declared a state of emergency due to a major snowstorm threatening the northeastern United States.

France urges US to lift sanctions against European officials

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France is trying to persuade President Donald Trump's administration to lift unfair sanctions against a series of senior officials in the continent.

European giant pours heavily into Venezuelan oil field

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European giants are accelerating their strategy of massive capital injection to fully exploit Venezuela's crude oil reserves.

Colombia falters because the US blocks Venezuelan gas imports

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Colombia is facing a serious energy shortage as its gas import plan from Venezuela is stalled.

Russia declares it helps protect Venezuela's sovereignty

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Russia affirms that its steadfast diplomatic stance has played a decisive role in protecting Venezuela's sovereignty and position.

Cuba runs out of oil amid US tightening, Canada considers aid

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Cuba faces the risk of paralysis due to oil depletion under tight pressure from the US, while Canada is considering aid steps.

Kim Jong Un re-elected General Secretary of the Workers' Party of Korea

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Kim Jong Un re-elected General Secretary of the Workers' Party of Korea at the 9th Party Congress.

EU fails to call on the US and G7 to block Russian oil supply

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The European Union (EU) faced a major obstacle when it could not convince the US and the G7 group to participate in the campaign to blockade Russia's crude oil export network.

Europe may postpone trade agreement with the US due to "tax chaos

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The European Union (EU) is considering suspending the ratification of a trade agreement with the US in the face of a tariff shock from Mr. Trump.