Latest updates at the top:
Former Pakistani diplomat Javed Hafeez said Iran stands firm on its right to enrich uranium for peaceful purposes under international law against Trumps demand to eliminate it entirely.
United States energy secretary warned gasoline prices could stay above $3 per gallon until next year
Tehran’s Forensic Chief Abbas Masjedi has released a grim toll of 3,375 dead since the conflict began
European electricity prices in Italy and Germany have spiked to €150/MWh as the “LNG bridge” from the Gulf is severed by the Hormuz blockade
The global economy is currently a tinderbox where the diplomatic fire extinguishers have been stolen, the debt wall is crumbling, and the only certainty is that $100 oil is a floor, not a ceiling.
Netanyahu criminal trial: Scheduled Monday hearing canceled due to ‘security reasons’
Titanic survivor’s life jacket sells for over $900K at auction, far exceeding price expectations
The UNIFIL ceasefire in Lebanon is unraveling after a French peacekeeper was killed by non-state actors.
The US Treasury’s $39 trillion debt wall is hitting a massive refinancing spike just as the 10Y yield tests 4.8%; nearly 34% of all marketable debt matures in the next twelve months into a market that is terrified of war-induced inflation.
Financing a global conflict while the debt-to-GDP ratio is at record highs is a feat no empire has survived without a currency collapse.
Kuwait declared force majeure on crude oil and refined product shipments because the Hormuz blockade prevents vessels from entering the Persian Gulf. “The blockade of the strait of Hormuz makes it impossible to meet obligations to customers” the notification to buyers read according to Bloomberg.
IDC now projects global smartphone shipments will drop about 13 percent in 2026, or roughly 160 million units fewer than in 2025, bringing total volume down to around 1.1 billion units.This marks the steepest annual decline on record and stems mainly from a severe, ongoing memory chip shortage that has driven up costs for DRAM and NAND flash. Memory prices surged in late 2025 as suppliers shifted capacity toward AI data centers, leaving smartphone makers with higher component bills and tighter supply.The pain hits hardest in the entry-level segment. Devices priced under $100, which accounted for roughly 170 million units last year, face the biggest cuts because thin margins make it uneconomical for many vendors to absorb the cost increases. Some manufacturers are already dropping or scaling back ultra-cheap models, reducing specs in budget lines, and pushing buyers toward mid-range or premium phones where they can better pass on higher prices.