May 3 – Across much of India, an energy crunch linked to the Iran war has triggered long queues for cooking gas cylinders, forcing many households to seek alternatives. …
… Spirit was emerging from its second bankruptcy filing in recent years before the US-Israel war in Iran, but the resulting surge in jet fuel costs pushed it over the brink. …
WASHINGTON DC, Apr 30 – US Secretary of War Pete Hegseth sparred with Democratic lawmakers during a nearly six-hour-long hearing, in his first time facing questions under oath since the start of the Iran war. …
… test winners at Mar-a-Lago as his coin languishes By Reuters April 25, 2026 10:35 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter US President Donald Trump has faced spiralling defence costs since the start of the Iran war …
… Shipping traffic passing through the crucial waterway at the entrance to the Gulf during an uneasy ceasefire between Washington and Tehran represents a fraction of the average 140 daily passages before the Iran war began on February 28. …
Israeli Prime Minister Benjamin Netanyahu visited the White House Tuesday for his first in-person talks with President Donald Trump since the Iran war began in late February. The closed-door meeting, described by the White House as "positive and productive," lasted about an hour and a half and was dominated by discussion of the conflict, which is currently paused as Washington seeks to give negotiations a chance.
Israeli Prime Minister Benjamin Netanyahu visited the White House Tuesday for his first in-person talks with President Donald Trump since the Iran war began in late February. The closed-door meeting, described by the White House as "positive and productive," lasted about an hour and a half and was dominated by discussion of the conflict, which is currently paused as Washington seeks to give negotiations a chance.
Israeli Prime Minister Benjamin Netanyahu will meet US President Donald Trump at the White House on Tuesday for the first time since the Iran war began in late February, with the war expected to dominate discussions despite public disagreements between the two leaders.
Lebanese President Joseph Aoun departed Beirut for Washington to meet Donald Trump and discuss the situation in Lebanon, strengthening the ceasefire in the south, and Israel's withdrawal from Lebanese regions. This is the first trip to Washington by a Lebanese head of state since Michel Sleiman's visit in 2009.
President Trump cancelled a Capitol appearance to sign a bipartisan housing affordability bill, instead demanding Congress pass his SAVE America Act—a voting restrictions package requiring citizenship proof and photo ID—before he would proceed. The move surprised Republicans who had planned to highlight legislative action on economic concerns ahead of midterm elections.
U.S. President Donald Trump canceled a planned signing of bipartisan housing legislation passed overwhelmingly by Congress, citing the need to first pass what he calls the "SAVE AMERICA ACT" as a national emergency. The bill, passed 358-32 by the House and 85-5 by the Senate, aimed to speed up construction and increase affordable housing availability.
U.S. President Donald Trump canceled a planned signing of bipartisan legislation aimed at speeding up the construction and availability of more affordable housing, saying it would not proceed until the SAVE AMERICA ACT passes. The housing bill passed the House 358-32 on Tuesday and the Senate 85-5 on Monday.
Pope Leo XIV issued his first encyclical, "Magnifica Humanitas," calling for the "disarming" of artificial intelligence and warning against a race for more powerful algorithms driven by geopolitical or commercial dominance, which he said could create "new forms of slavery."
Deputy President Kithure Kindiki said the government is seeking ways to reduce fuel costs without disrupting other critical sectors, and that a balance must be struck between managing the cost of living and funding infrastructure and economic development.
A South Korean oil tanker, the Universal Winner, is passing through the Strait of Hormuz bound for Ulsan, marking the first South Korea-flagged vessel to transit the waterway since the Iran war began. The passage comes weeks after another South Korean-operated ship, HMM Namu, was struck by airborne objects near the strait on May 4.
US consumer inflation rose to 3.8 percent year-on-year in April, up from 3.3 percent in March, driven by energy costs and disrupted supply chains resulting from the Iran war and new tariffs, according to the US Bureau of Labor Statistics.
World oil prices dived on Wednesday and stock markets rallied after Washington reportedly moved closer to an agreement with Iran to reopen the Strait of Hormuz and end the conflict. Brent North Sea crude dropped below $100 a barrel and West Texas Intermediate fell more than 12 percent before paring losses, while European equities gained as optimism about global energy markets drove a broad risk-on move.
An energy crunch linked to the Iran war has triggered long queues for cooking gas cylinders in India, prompting many households to seek alternatives like biogas. Since the 1980s, the government has subsidised more than five million small-scale digester units that convert organic waste into methane for cooking and fertiliser.
Spirit Airlines has begun an orderly wind-down of operations after failing to secure a $500m bailout from the US government. The budget carrier cited a surge in jet fuel costs following the US-Israel war in Iran as a factor that pushed it over the brink despite emerging from a second bankruptcy filing.
US Secretary of War Pete Hegseth sparred with Democratic lawmakers during a nearly six-hour hearing over the Iran war, with the defence department's chief financial officer revealing the conflict has cost the US $25 billion so far. The White House is seeking a $1.5 trillion defence budget boost, which would mark the largest military spending increase since World War Two.
US President Donald Trump is hosting the second annual winners of his meme coin contest at Mar-a-Lago, where the top 29 buyers of his $TRUMP cryptocurrency will attend a VIP reception with him, even as the token's value has fallen 96% from its January 2025 peak of $75 to $2.81.
Only five ships passed through the Strait of Hormuz in 24 hours, Friday shipping data showed, after Iran seized two container ships and the U.S. continues to blockade Iranian ports. Passage through the critical waterway has collapsed from an average of 140 daily passages before the Iran war began on February 28, disrupting a fifth of the world's oil and liquefied natural gas supplies.
The Africa Finance Corporation warned that Africa's fuel import gap will widen to 86 million tonnes by 2040, exposing the continent's vulnerability to supply shocks. At a Nairobi summit, Aliko Dangote offered to build an east African refinery if supported by Kenya and Uganda, and regional leaders called for Africa to reduce reliance on external capital and finished-goods imports.