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World
Iran ceasefire on the brink as world leaders press Tehran after Hormuz attacks
World leaders piled pressure on Tehran on Tuesday after a salvo of Iranian attacks on the United Arab Emirates and a US-Iran exchange of fire in the Strait of Hormuz left a four-week-old ceasefire on the brink of collapse.
US tables tougher UN resolution threatening Iran with sanctions over Hormuz
The United States and a group of Gulf nations circulated a draft Security Council resolution on Tuesday that threatens Iran with sanctions and "other measures" if it does not stop attacks on shipping in the Strait of Hormuz, the most concrete diplomatic step yet to break a four-week stand-off over the world's most strategic oil chokepoint.
US ships $2.1bn in cheap APKWS rockets to Israel, Qatar and UAE as Iran war drains stockpiles
The State Department on May 1 cleared three emergency foreign military sales totalling $2.1 billion for the APKWS guided rocket, a Korean War-era weapon retrofitted as the West's cost-effective answer to Iranian Shahed drones. Israel and Qatar each get 10,000 rounds; the UAE gets 1,500 air-to-air guidance sections.
Trump tells Iran to 'wave white flag' as Hormuz ceasefire frays
Donald Trump on Tuesday demanded Iran 'wave the white flag of surrender,' calling its military 'totally gone' even as Iranian missiles again struck the United Arab Emirates and a four-week-old ceasefire showed fresh signs of strain.
UAE's exit from OPEC redraws the global oil order
The UAE's withdrawal from OPEC, made effective May 1, has knocked the third-largest producer out of the cartel and tilted Gulf geopolitics toward Washington. ADNOC accelerated $55 billion in project awards as it pushes capacity to 5 million bpd by 2027.
Putin and Zelensky declare rival Victory Day ceasefires as 26 die in fresh strikes
Russia and Ukraine declared rival ceasefires on Monday in the runup to the May 9 anniversary of the Soviet defeat of Nazi Germany, even as overnight Russian missile and drone strikes killed at least 26 people across Ukraine and Kyiv accused Moscow of 'utter cynicism.'
Taiwan defense budget stalls for third time as Trump-Xi summit nears
Taiwan's ruling and opposition parties on Tuesday failed for the third time to break a deadlock over a NT$1.25 trillion ($40 billion) special defense budget, with the latest negotiation collapsing days before US President Donald Trump's mid-May trip to China for a summit with Xi Jinping.
Starmer faces leadership plot rumours as gilts hit 28-year high before Thursday vote
UK Prime Minister Keir Starmer is bracing for a politically catastrophic set of local elections on Thursday amid open reports that Labour MPs are plotting to oust him, with British government borrowing costs reaching their highest level in 28 years on Tuesday.
