Warns

• Pasar minyak terguncang karena Donald Trump tampak bersedia mempertahankan blokade US Navy dan Iran membuat strait of Hormuz nyaris tertutup sepenuhnya • Harga Brent oil melonjak di atas $126 per barel pada hari Rabu, level tertingginya sejak 2022, setelah Donald Trump memperingatkan blokade terhadap pelabuhan Iran bisa berlangsung berbulan-bulan dan pembicaraan damai tetap menemui jalan buntu • Melonjak lebih dari 13% dalam 24 jam, Brent crude mencapai rekor harga sejak perang dimulai pada 28 Februari

Ursula von der Leyen later due to meet new Hungarian leader who is seeking to unlock EU funds in return for reformsVon der Leyen says that “every member state has a different energy mix,” so no blanket EU solution would work.But she calls for more coordination not just on common procurement, but also on fuel reserves, “especially jet fuel and diesel, where markets are tightening.”“ Let us use this to make the switch to electricity – not just in transport, but also in industry and heating. This is not only a matter of affordability and competitiveness; this is also a matter of economic security. Thus, speaking of European independence, this is the moment to electrify Europe.”“This is the second energy crisis within four years, and the lesson should be very clear. Our overdependency on imported fossil fuels makes us vulnerable. … We must reduce our overdependency on imported fossil fuels and boost our home-grown, affordable, clean energy supply. From renewables to nuclear, in full respect of technology neutrality.” Continue reading...

Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflictBritain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer’s government, a leading thinktank has warned.The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Middle East conflict. Continue reading...

Israeli strikes killed 14 people and wounded 37 on Sunday, Lebanon's health ministry said, as the Israeli military warned residents to leave ‌seven towns beyond the "buffer zone" it occupied before a ceasefire that has failed to fully halt hostilities.

Australia is dependent upon UK’s ability to deliver new submarines, but report finds ‘cracks are already beginning to show’ “Cracks are already beginning to show” in the UK’s funding for the Aukus agreement that could derail the ambitious nuclear submarine plan, a British parliamentary inquiry has found, highlighting a threat to Australia’s security.UK shipbuilding has been under-funded for decades and the country’s submarine availability is “critically low”, the House of Commons defence committee’s report found. Continue reading...

Claudia Sheinbaum says Mexico was not aware of US participation until four officials were killed in car crashClaudia Sheinbaum, Mexico’s president, said on Monday that her government told the United States, in a diplomatic note, that the unauthorized presence of US officials at an anti-narcotics operation in the northern state of Chihuahua should not be repeated.The incident came to light after two US officials, along with two Mexican officials, were killed in a car crash on 19 April after the operation. Sheinbaum has said the federal government was not aware of the participation of the US officials, who were widely reported to be CIA officers. Continue reading...

• Russia's Mikhail Ulyanov stated in Vienna that US tactics of strength, blackmail, ultimatums, and deadlines fail against Iran and undermine talks. • Hours before Araghchi's Moscow meeting with Putin, Ulyanov criticized Washington's approach amid broader Eurasian conflicts involving Ukraine and Iran. • The remarks align with Iran's regional tour, including Pakistan and Russia, as Tehran coordinates with allies against US pressure.

Former prime minister says policies will lose support without continued lower prices, while Malcolm Turnbull points to some progress in USGet our breaking news email, free app or daily news podcastKevin Rudd has described Donald Trump’s cuts to support for green industries as “unfortunate”, warning that Australians would conclude the clean transition was “bullshit” if it did not offer tangible benefits to their lives.But – in some of his first comments since finishing his term as Australia’s ambassador to the US – the former prime minister said climate policies would have staying power if they delivered affordable prices, a reliable energy supply and new job opportunities. Continue reading...