Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
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Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
It is unclear from the video alone whether the U.S. or Bahraini military launched the missiles. Iran has frequently accused Persian Gulf countries of allowing their territory to be used as a launchpad for U.S. attacks.
In a 40-year career that brought him two Pulitzers, he reported from trouble spots around the world, eloquently conveying the chaos of war.
Kremlin officials said the American move, which Europe opposes, showed that Moscow could not be dislodged from the center of global energy markets.
Allies have rushed to defend the Mediterranean nation, where the drone hit a British base. Some Cypriots wonder why the bases are still there.
EU joint procurement has acquired renewed urgency in light of a worsening security environment, yet collaboration remains limited despite record defence spending of in 2025 and longstanding EU benchmarks. The Union has therefore strengthened financial and regulatory incentives to increase joint acquisitions, although political, industrial and governance constraints continue to impede sustained progress.
American officials have said for years that they would prioritize the Indo-Pacific. Now they’re moving warships, missiles and air defenses out for a war in the Middle East.
Prime Minister Mark Carney said Canada would build three bases in the region. The government also plans to improve infrastructure and airports in the north.
With attacks and threats, Tehran is using the world’s most important transit point for oil and gas as leverage against its enemies.
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.