Global Oil Prices Plummet as Conflict Escalates
The ongoing conflict in the Middle East has led to a significant decrease in global oil demand, with OPEC revising its forecast for 2026 to 970,000 barrels per day. This marks the second consecutive downward revision, sparking concerns about the impact on the global economy.
India to Join French-Led Maritime Security Initiative
According to French diplomatic sources, India is expected to be invited to join a multinational initiative aimed at securing the Strait of Hormuz. This development is set to be discussed during Prime Minister Narendra Modi’s bilateral talks with French President Emmanuel Macron at the G7 Summit.
Iran has condemned the US Navy’s attack on three merchant vessels with Indian crew members, resulting in the death of three nationals. The Iranian Foreign Ministry has called for the international community to hold the US accountable for its actions.
Trump’s Sudden Change of Heart
US President Donald Trump has announced that he will pause further attacks on Iran, claiming that Tehran has approved talks. This sudden change of heart comes after two days of tit-for-tat strikes between the US and Iran.
- Iranian forces have prevented a tanker from entering the Strait of Hormuz without coordination, state media reports.
- Explosion sounds have been reported off the coast of Sirik, according to Iranian media.
- The US Navy’s attack on merchant vessels has sparked outrage, with Iran calling for international condemnation.
The situation in the Middle East remains volatile, with global leaders calling for calm and diplomatic efforts to resolve the conflict.
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