Straits Times
Russian drones strike Ukraine's Odesa overnight, wounding 18, officials say
Russia launched a second drone assault on Odesa within a single week, injuring at least 18 civilians and damaging residential buildings in the southern port city. The back-to-back strikes underscore Moscow's sustained targeting of civilian infrastructure far from the front lines. Ukrainian officials confirmed the attack Thursday as pressure mounts on international partners to bolster air defense supplies.
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Oil prices soar on fears of long supply disruption, US siege of Iran ports
Oil prices surged as fears of a prolonged supply disruption gripped markets following the US blockade of Iranian ports. President Trump convened emergency talks with major oil companies to explore ways to cushion the blow to domestic fuel supplies. The standoff raises serious questions about global energy stability at a time when markets can ill afford further shocks.
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Israeli military speedboats block Gaza-bound aid ship
Israeli military speedboats intercepted a Gaza-bound aid vessel, marking another flashpoint in the ongoing dispute over humanitarian access to the territory. The move underscores Israel's continued enforcement of its naval blockade as international pressure mounts to allow more aid into Gaza. The incident is likely to draw sharp condemnation from humanitarian organizations and foreign governments already critical of restrictions on civilian supplies.
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Will the Iran war reshape the global energy order?
Global energy markets are bracing for structural change as geopolitical tensions with Iran accelerate shifts already underway in oil supply and demand. OPEC's influence is eroding as rising U.S. exports chip away at the cartel's pricing power. Meanwhile, China's aggressive renewable energy expansion is quietly redrawing the long-term map of global energy dominance.
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Trump warns Iran blockade could last months, sending oil soaring
Iran's ports are under a naval blockade that President Trump says could stretch on for months, a move he argues is more surgical and effective than military strikes. The prolonged economic squeeze sent oil markets surging as traders priced in tightening global supply. The standoff marks a significant escalation in U.S. pressure on Tehran with no clear end in sight.
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