World


Countries tapping into oil inventories, strategic reserves at 'record pace': IEA

Paris, May 13 (UNI) Counties worldwide are now tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the ongoing Iran war, the International Energy Agency said today.
The agency's comments came as oil stocks dipped to a further 117 million barrels in April, after it had already sunk to 129 million barrels in March following the joint US-Israeli strikes against Iran.
"Rapidly shrinking buffers amid continued disruptions may herald future price spikes ahead," the IEA warned in its monthly report.
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Xi, Kim pledge to deepen strategic ties during Pyongyang Summit

09 Jun 2026 | 8:04 PM

Pyongyang, June 10 (UNI) Chinese President Xi Jinping and North Korean leader Kim Jong Un pledged to strengthen bilateral ties and deepen strategic cooperation during a rare summit in Pyongyang, according to state media reports on Tuesday.

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Iran pursuing war and diplomacy simultaneously: Parliament Speaker Ghalibaf

09 Jun 2026 | 7:31 PM

Tehran, June 9 (UNI) As Iran and Israel exchanged fire on June 7–8, and with U.S. President Donald Trump asserting that a deal is near, Iranian Parliament Speaker Mohammad Bagher Ghalibaf made it clear on Tuesday, stating that Tehran's strategy is to pursue both military action and diplomacy simultaneously, asserting that neither approach alone can secure the country's national interests.

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US VP JD Vance calls emerging Iran deal 'homerun for American people' whether Israel likes it or not

09 Jun 2026 | 7:29 PM

Washington, Jun 9 (UNI) US Vice President JD Vance said Tuesday that the ongoing negotiations with Iran for a peace deal was a "home run for the American people," regardless of what Israel thinks.

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EU moves to unblock 6 6 billion Euros for Ukraine, warns against Hormuz escalation, Russian ‘Shadow Fleet’

09 Jun 2026 | 7:26 PM

By Arti Bali
Nicosia / New Delhi, June 9 (UNI) The European union is moving towards unlocking €6.6 billion in military assistance for Ukraine, stepping up pressure on Russia’s war finances, and weighing enhanced maritime security measures in the Strait of Hormuz amid renewed regional tensions, EU Foreign policy chief Kaja Kallas said.

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Russia dismisses open letter from Ukraine's Volodymyr Zelenesky for negotiations with Putin, calls it 'PR stunt'

09 Jun 2026 | 6:23 PM

St Petersburg/Kyiv, June 9 (UNI) Russia's ambassador to the United Nations, Vassily Nebenzia, has dismissed reports of Russian President Vladimir Putin had received an open letter from Ukrainian President Volodymyr Zelensky, calling it "little more than a PR stunt" rather than being a genuine attempt to revive peace negotiations, reported Russia Today, a Russian state-controlled international news television network.

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