World·27d ago
Hezbollah attack triggers Israeli escalation in Lebanon, displacing thousands
Hezbollah fired rockets and drones into Israel in response to Iran's Supreme Leader's killing, prompting Israeli airstrikes across Lebanon that have displaced at least 30,000 people. The Lebanese government has banned Hezbollah's military activities and demanded weapons surrender, reflecting the group's diminished standing after a devastating 2024 conflict. Israel has expanded its military presence in southern Lebanon, signaling a prolonged operation with unclear objectives or timeline.
BBC World
World·27d ago
China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs
Beijing’s foreign ministry urges ‘all parties’ to avoid escalation as number of crossings drops 60% in one day How escalating Iran conflict is driving up oil and gas prices – a visual guide Business live – latest updates The Chinese government has called for vessels passing through the strait of Hormuz to be protected by all sides in the escalating Iran conflict, as shipping freight rates soared. Maritime traffic through the strait – a narrow channel on Iran’s southern.
The Guardian World
Climate·27d ago
Gas and oil prices surge amid Middle East conflict escalation
Global energy prices surged following escalated Middle East conflict, with UK gas prices reaching three-year highs and Brent crude briefly exceeding $85 per barrel. Stock markets declined sharply across Europe and Asia. UK households will not see energy bill impacts until July due to existing price caps, though motor fuel prices may rise if oil costs remain elevated. Shipping through the Strait of Hormuz has halted after vessel attacks, disrupting approximately 20% of global oil and gas transit and driving supertanker hiring costs to record levels.
BBC World