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31d06/12

Nigeria's Crude Oil Production Hits 15-Month High

Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed. Nigeria pumped 1.53 million barrels per day (bpd) of crude last month, the highest level since January 2025, as the African country now produces at its ceiling per the OPEC+ group’s agreements, after years of failing to do so due to sabotage, oil theft, and oil spills. Nigeria actually produced 102% o

◇ unclassifiedmiddle-east · russia · usa
31d06/12

US-China talks need to be ‘institutionalised’ to ease tensions in AI era: Haass

The United States and China should hold regular high-level meetings and deepen cooperation on emerging technologies such as artificial intelligence, as greater transparency is essential to avoid a downturn in relations, a veteran US diplomat has said. Richard Haass, president emeritus of the Council on Foreign Relations, said meetings between senior officials from Washington and Beijing should become routine, rather than being treated as “news”. “This is a relationship that needs to be...

◇ unclassifiedchina · asia · usa
31d06/12⚠ war-conflict · 3/5

Trump Says Iran Peace Deal Could Be Signed Within Days

US President Donald Trump ‌has claimed that a "great settlement" has been reached with Iran to end the Middle East war and that the agreement could be signed as early as this weekend, possibly in Europe. "We just made a great settlement of the war with Iran," Trump told reporters in the Oval Office on June 11. He added, though, that the agreement is still "subject to finalization of documents, which should get done, over the next few days, probably have a signing, maybe in Europe." Asked by repo

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 2/5

The Strange Defeat of Nuclear Deterrence

[Excerpt from essay by Rose Gottemoeller, William J. Perry Lecturer at the Center for International Security and Cooperation and a Research Fellow at the Hoover Institution at Stanford University. From 2016 to 2019, she served as Deputy Secretary-General of NATO. She is the author of Security Through Cooperation: Space, Nuclear Weapons, and U.S.-Russia Relations After the Cold War.] In June 2025, Ukraine’s security services staged an audacious strike inside Russia. They infiltrated the country a

Social◇ unclassifiedusa · china · russia
31d06/12

£210k to invest - I narrowed down to 2, max 3 ETFs, wanted to discuss (90% goes to All-World, rest something for “fun”)

Hi Everyone, After a week of heavy research I think I have finally narrowed down to ETFs I want to invest in. Wanted to ask about final opinion as this Sub was very helpful. I invest in GBP in the UK but these are popular ETFs with Euro equivalent too. 1) £180k – either SWDA or ACWI, the difference is in annual fee 0.2% for BlackRock SWDA or 0.12% for ACWI from State Street. I understand both are the most popular (along with Vanguard) and reputable Global ETFs. 2) £10k-£15k – AVWS – I wasn’t thi

Social◇ unclassifiedeurope · usa · uk
31d06/12⚠ war-conflict · 3/5

Russian Governors Rush to Deny Fuel Crisis as Rationing Spreads

Russia's authorities and regional governors are racing to assure residents there are no fuel shortages amid an intensified Ukrainian drone campaign at Russian refineries and fuel supply roads. Ukraine has stepped up attacks this month on key fuel supply routes in its territories occupied by Russia, including Crimea and Mariupol. Several Russian regions have been experiencing fuel shortages as Ukraine hits Russian oil refineries. Last week, the Moscow Times reported that some gasoline stations in

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 3/5

Norway Pitches Arctic Resources as Key to EU Energy Security

Norway has intensified its charm offensive to persuade the European Union to drop its ban on Arctic drilling by campaigning that oil and gas resources in the High North would be better for the energy security of its closest ally than LNG supplies from the Middle East or the United States. Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has been lobbying the bloc this year to drop its opposition to drilling in the Arctic. The Iran war and the biggest o

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ shipping-routes · 2/5

US and Iran inch closer to signing deal to reopen Strait of Hormuz

The US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of the Group of Seven world leaders summit next week, according to senior officials. A senior Iranian official indicated overnight that a deal is likely, said a G7 official and a diplomat from outside the group, who both asked not to be named discussing sensitive matters. This year’s G7 summit takes place in Evian, in the French Alps, from June 15 to June 17. Geneva, in Switzerland, is nearby and being floated.

◇ unclassifiedchina · asia · iran
31d06/12

SpaceX IPO could be the biggest stock market gamble in history

I see a thousand possible futures, but in none of them does buying SpaceX shares today look like a good deal. I believe the SpaceX IPO could be the biggest stock market gamble in history. Bigger than anything we have seen in our lifetime. In my opinion, investors who buy at these prices risk losing a large part of their capital. The company has about $18 billion in revenue, loses around $5 billion a year, and is valued at $1.75 trillion. That is about 94 times annual revenue for a money-losing b

Social◇ unclassifiedusa
31d06/12

Hong Kong to grant 3 property sites to sweeten East Kowloon transit project tender

Three property sites will be handed over to the future operator of the planned green transit system in Hong Kong’s East Kowloon to boost the project’s financial viability under arrangements approved by the government. The project, which will link Choi Hung and Ma Yau Tong, will be put to tender next month with the goal of opening the 7km (4.3 mile) rail line by 2033. Similar to the arrangements for the transit system in Kai Tak, the successful bidder for the East Kowloon project will be...

◇ unclassifiedchina · asia
31d06/12⚠ sanctions · 3/5

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions

The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday. India turned en masse to Russian oil in 2022, when the U.S. and the EU imposed sanctions on Moscow due to the invasion of Ukraine. Four years later, India is a major buyer of Russia’s crude and Russia is India’s single-largest oil supplier. “At that time, the US specifica

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 3/5

Oil Market Volatility Masks a Shifting Reality in the Middle East

The U.S.-Iran conflict escalated again on Thursday before abruptly swinging back toward diplomacy, producing another day of extreme volatility in both energy and financial markets. The escalation began after two days of renewed exchanges between Washington and Tehran following the downing of a U.S. Army helicopter near Hormuz earlier this week. On Tuesday and Wednesday, U.S. forces retaliated against Iranian targets, while Iran responded in kind. Early on Thursday, Trump threatened to seize Khar

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 3/5

Armenia's Western Pivot Survives Moscow's Pressure Campaign

Politics, Geopolitics & Conflict Armenian Prime Minister Nikol Pashinyan won re-election on Sunday, defeating a Russian-backed opposition campaign and keeping the country on the Western trajectory. But the result fell short of giving him the parliamentary supermajority needed to easily implement some of the most consequential elements of his agenda. Pashinyan’s Civil Contract party won 64 of 105 seats. It’s enough to remain in power and continue deepening ties with the U.S. and EU, while advanci

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 3/5

Oil Prices Slide as Traders Bet on Diplomacy

July WTI crude oil futures traded sharply lower through Thursday as traders removed much of the geopolitical premium tied to tensions between the United States and Iran. Through June 11, the contract traded between a high of $95.47 and a low of $85.13 before settling near $85.93. At that level, prices were down $4.32, or 4.79%, from last week's close. The week's price action was driven largely by changing expectations surrounding President Trump's approach toward Iran. Early concerns that the co

◇ unclassifiedmiddle-east · russia · usa
31d06/12

India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances

India may be on track to miss its target for budget deficit for the first time since 2021 as the oil supply shock pressures government coffers. The government of the world’s third-largest crude oil importer is preparing to exceed its own deficit target from early this year as the Middle East crisis is testing the resilience of public finances amid soaring energy import bills, an Indian official with knowledge of the plans told Bloomberg on Friday. India may allow the budget deficit to widen to 4

◇ unclassifiedmiddle-east · russia · usa
31d06/12

Europe is blaming China’s economic rise for its own failures, think tank says

As the European Union prepares tougher measures to counter what it sees as the “China shock 2.0”, a researcher with a Beijing-linked think tank has accused Brussels of clinging to a flawed narrative that China’s economic rise is an inherent threat to Europe. The criticism came as Beijing reportedly cancelled two high-level meetings with the EU in the Chinese capital this month, including a ministerial-level digital dialogue and a visit by a senior EU diplomat, according to the Financial Times on

◇ unclassifiedchina · asia · europe
31d06/12⚠ war-conflict · 3/5

Oil Prices Tumble 4% on Iran Peace Optimism

Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in Europe, the international benchmark, Brent Crude, had slipped by 4.34% at $86.36, extending the losses from Thursday when U.S. President Donald Trump called off a strike on Iran, claiming that a deal had been reached. The U.S. benchmark, WTI Crude, had dipped by 4.47% at $83.88. Both benchmarks were headed to a three-month low amid one of the mos

◇ unclassifiedmiddle-east · russia · usa
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