
Latest World News
Trump Delivers Primetime Speech on Iran War, Vows Further Strikes
President Trump addressed the nation, claiming 'tremendous progress' in the Iran war but warning of escalated strikes in the coming weeks, rattling markets and sending oil prices above $107 per barrel. Economists warn of recession risks from high gas prices and inflation if the conflict worsens.
Wall Street reacted negatively, with S&P 500 futures sliding.
Strait of Hormuz Blockade Causes Massive Shipping Jam
Around 400 cargo ships and oil tankers are stranded waiting for Iran's permission to cross the Strait of Hormuz, near Iranian islands like Larak and Hormuz. Trump stated it's up to other countries to keep the strait open, amid fuel shortages and aviation disruptions.
This chokepoint disruption exacerbates global oil supply fears.
Global Markets Plunge as Oil Hits $107 on Iran Escalation
Asian markets like South Korea's KOSPI fell 4.47% and Japan's Nikkei 2.38%, while European indices also declined amid surging oil prices. Trump's speech reversed early stock gains, with airlines hiking fares due to jet fuel shortages.
Goldman Sachs notes fears of fertilizer shortages from the conflict.
NASA Launches Artemis II Crewed Moon Mission
The Artemis II rocket successfully launched, with astronauts reaching orbit for a historic 10-day journey around the moon, the first crewed mission in 50 years. The crew began their lunar voyage after a safe orbit insertion.
This marks a major milestone in NASA's return-to-moon program.