US Issues Ultimatum to Iran Over Strait of Hormuz
Bloomberg reports that Tehran has been given until Tuesday: either an agreement to keep the strait open or "devastating strikes." This marks a direct escalation in the world's most sensitive energy chokepoint.
Saudi Aramco Posts Sharp Profit Growth
The company's net profit rose 44% to $32.7 billion amid surging oil prices. War and expensive oil are once again working in favor of the region's largest exporter.
Houthis Blow Up Tanker in Bab el-Mandeb Strait
The attack hit an Indian-flagged tanker carrying oil from Saudi Arabia. The maritime conflict around the Red Sea continues to disrupt global logistics.
Putin Signs Law Regulating Cryptocurrencies
Russia is introducing a legal framework for the circulation of crypto assets. The state is not banning the market but seeking to bring it under control.
Migrants with Criminal Records Barred from Citizenship and Residency Permits
A new law has been signed by the president. Migration policy in Russia is becoming stricter and more politically sensitive.
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