Day News Recap: US Iran conflict escalates as oil jumps and global flashpoints multiply
The biggest story was the sharp escalation in the US Iran confrontation, with Washington resuming daylight air strikes, restoring a naval blockade on Iranian ports and warning that power plants and bridges could be hit next if Tehran does not back down. The renewed pressure has raised fears of a wider conflict around the Strait of Hormuz and pushed oil prices higher again. π π π π πTensions also spread beyond Iran itself. Iranian state media said a drone struck a military base used by the United States in Kuwait, and Kuwait separately confirmed attacks and damage, while the death... [Continue Reading]
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Breakfast News Recap: US Iran tensions deepen as oil rises and Gaza, Ukraine and Asia face fresh shocks
Oil prices rose for a second session as the United States restored a naval blockade on Iranian ports, sharpening pressure on shipping routes and energy markets just as Donald Trump threatened to widen strikes on Iran to include power plants and bridges if Tehran does not back down. π π πThe confrontation also spread beyond the Gulf, with Trump dropping a planned 20% cargo fee on traffic through the Strait of Hormuz and saying Gulf states would instead make investment and trade commitments, while the Strait remained the central fault line in the fast deteriorating stand off. π πIran said... [Continue Reading]
New York imposes one-year moratorium on large hyperscale data centres
New York State has imposed a one-year moratorium on the construction of large new hyperscale data centres, becoming the first state in the United States to do so. The pause applies to projects that use 50 megawatts of power or more, and it will block new discretionary permits during the review period. Governor Kathy Hochul announced the move on Tuesday, saying the state needs time to build a regulatory framework for the sector.The state said the decision is intended to address concerns about rising utility costs, electricity demand and pressure on local water supplies. Hochul said the policy is meant... [Continue Reading]
