Day News Recap: Venezuela quake toll climbs as Iran tensions, Ukraine strikes and Asia markets slide
Venezuela was hit by two major earthquakes in quick succession, with the death toll rising from nearly 190 to at least 235 as rescuers searched for people trapped under rubble and officials warned that reconstruction costs could run into the billions. 🔗In the Middle East, Donald Trump said Iran attacked ships in the Strait of Hormuz and called it a violation of a ceasefire agreement, while the International Maritime Organization paused a planned evacuation of sailors after a cargo vessel was struck near Oman. 🔗 🔗Diplomatic tensions around Iran also deepened as IAEA chief Rafael Grossi pressed for a very... [Continue Reading]
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Iran offers discounted crude to India after US sanctions waiver, refiners weigh return
Iranian oil sellers are approaching Indian refiners with discounted crude after the United States temporarily eased sanctions on Tehran, according to industry sources cited in the supplied report. The outreach has reopened a narrow trade window for energy flows between Iran and India, but refiners are still weighing whether to buy. The discussions involve both the National Iranian Oil Company and intermediaries claiming to have been allocated oil by the Iranian state producer.Sources said NIOC is offering crude at $3 to $4 a barrel below comparable regional grades on a landed basis. Traders based in Singapore and Dubai are also... [Continue Reading]
Venezuela earthquakes drive death toll to 188 as reconstruction costs rise
The death toll from two powerful earthquakes in western Venezuela has risen to at least 188, while preliminary estimates suggest the damage could amount to as much as 7% of the country's gross domestic product. The quakes, measured at magnitudes 7.2 and 7.5, struck on Wednesday about 160 kilometres west of Caracas. Officials are now weighing the scale of reconstruction needed for homes, hospitals and other infrastructure.Preliminary assessments from the United States Geological Survey put the economic loss at between 1% and 7% of Venezuela's $111bn GDP. Interim President Delcy Rodriguez said a $200m fund from the International Monetary Fund... [Continue Reading]
Venezuela earthquake death toll rises as rescue teams search collapsed buildings
Two powerful earthquakes struck western Venezuela on Wednesday, leaving at least 32 people dead and about 700 injured, according to the supplied reports. The tremors, measured at magnitudes 7.2 and 7.5, hit within about a minute of each other and were followed by around 20 aftershocks. They caused building collapses, airport damage and widespread disruption, with the effects also felt in northern Brazil.Acting President Delcy Rodriguez declared a state of emergency and ordered schools and non-essential services to be suspended so rescue work could take priority. More than 500 emergency teams were reported to be working through the rubble on... [Continue Reading]
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The Madness of Power, From Balfour to the Edge of World War Three
A Voice in the Wilderness of War: Who Still Dares to Speak Truth While Empires March There are moments in history when the world suddenly accelerates toward disaster, moments when anyone who has studied history can feel the temperature rising even before the explosions reach their peak. The current escalation in the Middle East is one of those moments. According to the facts we now see unfolding, the United States and Israel made the unilateral decision to attack Iran without the approval of the United Nations, without a global coalition mandate, and without the support of most of the international... [Continue Reading]


