Coca-Cola has increased prices in India due to severe disruptions in the Strait of Hormuz, a key supply route for aluminum cans and raw materials, following the collapse of an interim truce in the Iran conflict.
A US-Israeli war strike on Shajareh Tayyebeh Primary School in Minab, Iran, killed 156 people, including 120 children, in what became the conflict's deadliest single incident for civilians. Teachers and rescue workers recount the devastation, while US media reports suggest US forces unintentionally hit the school, mistaking it for a military site.
Iran's Supreme Leader Ayatollah Mojtaba Khamenei vowed revenge for his father's death in an air strike, calling it the "will of the nation." US President Donald Trump warned of severe retaliation against Iran if any plots against him are discovered.
Mojtaba Khamenei's absence from his father Ali Khamenei's funeral ceremonies has raised questions about his health, fears of assassination, and his potential new role as supreme leader.
Iranians gathered in Mashhad for the burial of Supreme Leader Ali Khamenei, who was killed in an Israeli strike in late February. Mourners lined the route to the shrine of Imam Reza, chanting and lighting candles, as a helicopter transported his coffin.
Ukraine is pursuing significant defense agreements with at least seven NATO nations by the end of the year, aiming to become a provider of military hardware and expertise. Having already signed "drone deals" with six countries, including Middle Eastern states, Azerbaijan, Latvia, and Lithuania, Kyiv is leveraging its experience in drone warfare and air defense.
A US missile strike on the Shajareh Tayyebeh school in Minab, Iran, killed numerous children over four months ago, yet accountability remains elusive. Evidence of the strike was available immediately, but the Trump administration has not accepted blame.
A "war of choice" by the US and Israel on Iran, lasting just over 100 days, has significantly altered global economic, military, and political power dynamics, diminishing US influence and boosting China's standing. Polls indicate a collapse in America's global reputation and a growing perception of China as a necessary partner.
China demonstrated strategic restraint during the US-Israeli war against Iran, leveraging its position as Iran's largest oil customer and financial lifeline. Beijing's quiet diplomacy, including numerous calls by Foreign Minister Wang Yi and a regional shuttle mission by special envoy Zhai Jun, urged flexibility and paved the way for a 14-point memorandum of understanding.
Italian PM Giorgia Meloni refuted Donald Trump's claim that she "begged" for a photo at the G7 summit, calling his statements "totally invented." The incident has caused political backlash in Italy, with the foreign minister canceling a US trip.
Thousands have died in the Middle East since the US-Israeli war with Iran began in February, with official figures reporting over 7,300 deaths in Iran and Lebanon alone. A peace deal has now been agreed to end the conflict, though analysts suggest the true toll may be higher due to reporting restrictions and unreliable data.
Norinco's display features advanced air defence systems, including surface-to-air missiles like the Sky Dragon 100 (100km range) and Yitian II (20km range), designed for layered defence. The company also highlights the SA2/LD76 anti-aircraft gun system, specifically targeting drones, cruise missiles, and precision-guided munitions.
Iranian Foreign Minister Abbas Araghchi stated that the US-Israeli war on Iran will only end with the cessation of hostilities in Lebanon. He emphasized that any ceasefire must include Lebanon and involve the withdrawal of Israeli forces, stressing Hezbollah's integral role in Lebanon.
Asian nations are prioritizing fuel needs over security risks associated with Russian oil imports, driven by high energy prices and supply disruptions. India's imports have surged, and Indonesia plans to import significant volumes from Russia.
Oil prices fell below $100 a barrel and stock markets rose amid hopes of a US-Iran peace deal, though analysts urge caution due to past failed talks. Inflation fears and expected interest rate hikes persist.
Oil prices, particularly Brent crude, fell sharply on Sunday due to tentative hopes for a US-Iran deal, while Japan's Nikkei 225 stock index surged to an all-time high. President Trump's mixed signals on negotiations with Tehran impacted market sentiment.
The ongoing US-Israeli war on Iran and the closure of the Strait of Hormuz are prompting global consideration of alternative energy routes, potentially boosting clean energy investments and exploring new land routes through Egypt, impacting the global economy.
A Pakistani delegation met with Iranian officials in Tehran to discuss proposals aimed at ending the US-Israeli war, as US Secretary of State Marco Rubio noted "some good signs" in recent talks. Key sticking points include Iran's nuclear program and control over the Strait of Hormuz.
Langkawi tourism operator Mohamad Zaki Najmi is struggling with increased operating costs due to higher fuel prices, linked to the US-Israeli war on Iran. He has raised prices for jet ski and boat tours. Additionally, Zaki reports a recent decline in tourist arrivals on the Malaysian island.
The Iran war is causing stagflation and starvation due to reduced oil and fertilizer supplies, with potential for a global economic shock. Rising bond yields could pop the AI bubble, and petrol prices may reach $10 a gallon this summer.
The UK government has relaxed sanctions on Russian crude oil, allowing imports of refined jet fuel and diesel from third countries like India and Turkey. This move, aimed at curbing surging fuel costs and protecting national interest amid global conflicts, has drawn criticism from opposition figures concerned about supporting Russia.
China's crude imports from Russia surged 11.3% year-on-year to nearly 9 million tonnes in April. The value of these imports rose 16.2% month-on-month, despite a quantity fall, driven by increased global demand for Russian oil following US sanctions waivers.
Global businesses face at least $25 billion in losses due to the US-Israeli war with Iran, driven by rising oil prices, disrupted trade routes, and higher operating costs. Airlines are most affected, but the impact is spreading across sectors.
UK businesses are halting investment and hiring due to the Iran war's economic fallout, rising costs, and political uncertainty. Surveys show companies prioritizing cost management over growth, with job vacancies falling. Some firms may shift production to the UK.
