Iran's Parliament Mulls 'Triple-Urgency' Bill To Withdraw From Intl Nuke Treaty

Jet Fuel Shortage Deepens Pressure On Global Airlines Via City AM, Heathrow’s April passenger numbers fell 5% to 6.7 million, with Middle East traffic down 50%. Transfer traffic rose 10% as travellers rerouted through Heathrow to Asia and Oceania. Airlines are facing mounting pressure from jet fuel shortages and higher oil prices. Fewer passengers were heading to Heathrow Airport in April as the war in the Middle East keeps travellers grounded. Passenger numbers at Europe’s biggest airport fell by five per cent in April to 6.7m with the blame being attributed to the “ongoing impact of the...

Flash In The Pan Already Burned Out: German Economy Loses Its Hormuz Boost Submitted by Thomas Kolbe That Was a Short-Lived Boom. After just a few weeks, the special economic effect of the closure of the Strait of Hormuz has already evaporated, according to Germany’s Federal Ministry for Economic Affairs. In its monthly report, the ministry states that energy-intensive sectors and companies in German industry benefited from a massive disruption of supply chains in Asia following the closure — a one-time opportunity to temporarily offset the competitive disadvantages at home by shutting...

President Xi Urges BRICS To Stand On "Right Side Of History", Calls For Gulf Peace At the 18th BRICS Summit earlier today, held at the Bharat Mandapam convention center in New Delhi, India, Chinese President Xi Jinping urged member nations to help end the war in the Middle East, positioning the bloc as a force for global stability. Speaking Saturday at the BRICS summit, Xi said members should stand on the "right side of history" and take a leading role in promoting peace, according to China's state-run Xinhua news agency. President Xi...