Oil prices surge above $100 a barrel as war on Ukraine rages
India Today
As Russia stepped up its war on Ukraine, US benchmark crude oil prices rose 6.6 per cent to USD 101.87 per barrel, reaching the highest price since 2014.
Oil prices soared on Tuesday and investors shifted more money into ultra-safe US government bonds as Russia stepped up its war on Ukraine.
Stocks fell following a volatile day for major indexes as investors tried to measure how the conflict will impact the global economy. The S&P 500 index fell 0.7 per cent as of 10:14 am Eastern.
The Dow Jones Industrial Average fell 337 points, or 1 per cent, to 33,554 and the Nasdaq fell 0.5 per cent.
The bigger moves came from the markets for oil, agricultural commodities and government bonds.
Oil has been a key concern because Russia is one of the world's largest energy producers.
Read | Russia-Ukraine conflict: Edible oil prices go up, people queue up to buy petrol in Punjab
The latest bump in prices increases pressure on persistently high inflation that threatens households around the world.
This will be the first time in its 55-year history that the organisation will impose such a fee on its customers, signifying the rising cost of the ongoing war on US businesses.
Fishermen in south Lebanon's Tyre are facing immense financial hardship. The ongoing Israeli strikes and security curbs have cut them off from the sea, their only source of livelihood.
US President Donald Trump made the extraordinary claim that Iran's leadership had informally floated the idea of him becoming the Islamic Republic's next Supreme Leader, but he turned them down.
The militants targeted the security forces in northern Nigeria's Kebbi's Shanga council area late Tuesday when they were being deployed to respond to warnings about a pending attack, according to Yahaya Sarki, a spokesman for Kebbi state government.
US President Donald Trump will visit China on May 14–15 for talks with Xi Jinping, the White House confirmed, after the trip was postponed due to the ongoing US-Israeli war on Iran.
The IRGC claimed it had "successfully targeted" the US aircraft, though it did not immediately provide details on the location, extent of damage or the fate of the pilot. There has been no immediate confirmation from the United States military, which has previously disputed similar claims by Iran during the conflict.
Continuing on their string of victories in special elections since 2024, Democrats flipped the long-held Republican 87th House District in the Florida State House on Tuesday. The win, which comes ahead of the critical midterms in November, also hands Democrats a seat that is home to President Donald Trump's Mar-a-Lago estate.
The Forest department's swift action ensured the safe rescue of a trapped leopard in Gujarat's Bhavnagar.
Matt Brittin replaces Tim Davie, who stepped down last year following controversy over a misleading edit of a speech by US President Donald Trump, an issue that has since escalated into a $10 billion lawsuit against the publicly funded broadcaster.
The video seems to piece together a story of long-standing anger, tying together past and present conflicts involving the US. Through different scenes, it shows several countries as having suffered from American military actions, before building up to a final, symbolic act of revenge.
A heartwarming video of the moment where the woman got the proposal of her dreams from her boyfriend has now delighted the internet.
The video briefings are fuelling concerns that Trump "may not be receiving -- or absorbing -- the complete picture of the war," NBC News quoted two current officials and one former official as saying.
Iran's Islamic Revolutionary Guard Corps (IRGC) Navy says that all vessels must coordinate with Iran's maritime authorities before entering the waterway. According to Iranian officials, this requirement has become stricter in recent weeks as security concerns grow in the region.