Asia
Brent prices rose 1. 6% after the U.S. strike on Iranian missile installations. Markets are anticipating a possible Federal Reserve rate hike.
Wheat in Chicago rose to its highest level since July 2023. The market fears export disruptions due to a new escalation of the war.
The PanStar Acro set sail from Busan to Europe via the Northern Sea Route. The route cuts the journey by 7,000 km, but carries environmental and political risks.
A lunar eclipse will occur on the night from Thursday to Friday. It will last 5.5 hours and will be visible to billions of people.
Zelenskyy informed Guterres about Russian strikes and civilian casualties. The parties discussed attacks on ports and the threat of rising prices.
Serbian President Aleksandar Vučić said that after the war ends, Belgrade and Kyiv could significantly expand economic cooperation and jointly enter the markets of third countries, particularly in Asia and Africa. He emphasized the potential for cooperation in energy, extraction, and agriculture.
Due to the war in the Middle East, damage to refineries in the Persian Gulf and strikes on Russian refineries, Europe risks experiencing a diesel shortage. Fuel prices have already risen by nearly 40%, while stockpiles have fallen by 30%.
Despite the increase in forest fires in Europe and North America, global carbon emissions from fires have become the lowest in 25 years. This is due to a record reduction in fires in Africa and Asia.
Pivdennyi GOK suspends mining due to Russian attacks on vessels in the Black Sea. The enterprise has accumulated batches of ore due to the blockade of exports.
Equinor CEO stated that Europe may not achieve the goal of filling storage facilities to 80% due to market tensions. The reasons are competition with Asia and the cessation of Russian gas supplies.
The head of the Ministry of Foreign Affairs of Ukraine stated that Russian attacks on civilian vessels threaten global food security. He called on the world to show solidarity and stop the terror.
Ukraine has requested an urgent meeting of the UN Security Council on July 27 due to russian attacks on civilian vessels in the Black Sea. Acting Minister of Foreign Affairs Andrii Sybiha stated that russia is holding global food security hostage.
A UN report shows that transnational crime in Asia uses AI and new technologies for fraud. Children are exposed to risks through online games and AI-generated sexual images.
LNG shipments to Europe are falling due to the war in the Middle East and demand in Asia. The region is forced to compete for resources to fill gas storage facilities.
Russia has deployed the vessels Kosmos, Mercury, Orion, and Luch for shipments from Arctic LNG 2. In total, the shadow gas fleet already consists of at least 20 tankers.
Sony introduced the Xperia 1 VIII featuring a new design and an AI assistant. The smartphone is equipped with a large telephoto sensor and the Snapdragon 8 Elite processor.
The tanker Mercury is loading gas from the sanctioned Arctic LNG 2 project. Russia is expanding its shadow fleet to export fuel to Asia, bypassing US sanctions.
The disease is transmitted from rodents, specifically mice, and can range from a mild course to severe complications. There is no specific treatment, so prevention and protection are crucial.
The conflict in the Middle East is delaying clothing shipments and increasing logistics costs. Brands are changing routes and strategies due to rising expenses.
Saudi Aramco has cut the price of Arab Light crude for Asia by $4 per barrel. The cost remains at record levels due to the war and restrictions in the Strait of Hormuz.
The head of the OP stated the impossibility of free arms sales during the war. Only surplus equipment and outdated drone models will be allowed for export.
Tokyo has allowed the sale of missiles and vessels abroad to strengthen its defense industrial base. The government will assess each sale individually instead of using five categories.
The price of gas at the TTF hub rose amid the closure of the Strait of Hormuz and Tehran's refusal to engage in dialogue. The market is reacting to the threat of attack and blockade of ships.
Due to oil and gas shortages, Pakistan has been gripped by an energy crisis with prolonged blackouts. The country has become a mediator in peace talks in the Middle East.
IATA warns of possible flight cancellations in Europe from late May. The reason for the fuel shortage is the war in the Middle East and the blockade of the strait.
Shipments exceeded 200,000 barrels per day due to problems in the Strait of Hormuz. Companies pay $3 million for vessels to pass without queuing.
Fatih Birol stated that the recovery of energy infrastructure in the Middle East would be prolonged. The blocking of the Strait of Hormuz and the destruction of terminals will delay supplies.
Due to congestion and the war in the Middle East, a tanker paid a record amount at auction for priority. This is four times the standard March rates.
WTI and Brent crude oil stabilized amid a possible extension of the truce. The market is reacting to the blockade in the Strait of Hormuz and declining US inventories.
The IRGC bought the TEE-01B device to monitor military facilities in the Middle East. China denies the deal and threatens countermeasures in case of new sanctions.