Global oil reserves fell by a record 200 million barrels in April amid Middle East tensions, signaling tightening supply conditions despite weakening demand.
US-Iran tensions trigger a 7% rise in Brent oil prices amid threats of long-term blockade, exposing the economic vulnerabilities of global energy markets.
King Charles III’s U.S. visit underscores growing strains in Anglo-American relations amid divergent Iran policy and evolving NATO dynamics, signaling shifts in transatlantic security and economic cooperation.
Lufthansa plans to cut 20,000 flights by late 2026 to save over 40,000 tonnes of jet fuel amid the energy crisis triggered by Middle East tensions, signaling major structural shifts in aviation.
US President Trump rejects NATO's offer to assist in securing the Strait of Hormuz, while Europe plans a peaceful multinational mission amid ongoing Middle East tensions.