News
Israel hits Iran’s biggest steel plants, Tehran to retaliate
Three co-ordinated Israeli strikes hit all of Iran’s largest steel plants simultaneously on March 28. Iran issued evacuation orders for six of the largest steel plants in neighbouring Gulf countries as well as Israel as it prepared to retaliate.
Estonia to fortify grid with concrete shielding after drone hits power plant
Transmission system operator Elering is considering protective measures for key infrastructure based on Ukrainian experience.
Iran claims F-16 shot down and Ukrainian anti-drone depot destroyed in Dubai
Iran's IRGC claims it downed a US MQ-9 over Shiraz, struck an F-16 over Fars province and destroyed a Ukrainian anti-drone depot in Dubai killing 21 personnel, as wave 85 of its missile campaign continues.
Croatian ex-ski federation chief detained in €30mn graft probe
Six arrested on suspicion of siphoning funds from Croatia's national ski federation over more than a decade.
Second attack on Iran’s Bushehr nuclear power station raises Chernobyl radiation cloud spectre
A second missile attack in the proximity to Iran’s Bushehr nuclear power plant (NPP) has raised the spectre of a Chernobyl-like cloud of radiation drifting over the Gulf region, making some countries uninhabitable and poisoning the water.
Philippines faces economic strain from Iran conflict
The emergency measures, introduced this week amid concerns over the availability and stability of the country’s energy supply, allow the president to direct the distribution of fuel, food, medicines and other essential goods.
Crisis-virus: From disruption to destruction
“We are facing a real shock that is probably beyond what we can imagine at the moment,” said European Central Bank (ECB) head Christine Lagarde in a recent interview.
US Treasury bill market under growing strain from Middle East turmoil
The $30 trillion US Treasury market is exhibiting mounting signs of stress as geopolitical tensions in the Middle East trigger heightened volatility in government bonds that underpin the global financial system.
Hungarian government files criminal charges against investigative journalist who exposed Budapest-Moscow ties
Szabolcs Panyi published transcripts of a February 2020 conversation between Foreign Minister Peter Szijjarto and his Russian counterpart Sergei Lavrov.
Iran’s Ghalibaf mocks US ability to protect troops on Iranian soil
Iran's parliament speaker Ghalibaf has publicly mocked the US military's ability to protect its troops in the region.
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US congressmen give Russian MPs Trump socks
Russian MPs and US congressmen swapped Trump socks and a Soyuz-Apollo postcard during talks in Washington
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Russia selling oil at premium as Hormuz disruption tightens global supply
Russia is now selling oil at a premium on some routes as Strait of Hormuz disruption tightens global supply, Deputy Prime Minister Alexander Novak has said, marking a sharp reversal from post-sanctions discounts.
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Around 13 brands set to exit Russia this year as retail exodus continues
Around 13 consumer brands are set to leave Russia in 2026, including German fashion label Bugatti and several Russian retailers, as the post-sanctions retail exodus continues into its fourth year.
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Ukraine and Saudi Arabia sign defence cooperation deal as Zelenskiy visits Riyadh
Ukraine and Saudi Arabia have signed a defence cooperation deal, with Kyiv offering hard-won air defence expertise against Iranian drones and missiles in exchange for Saudi capabilities and potential investment.
Warehouse shortage grips western Ukraine as business relocations drive property boom
Western Ukraine is facing a near-total shortage of vacant warehouse space as businesses relocate away from front-line regions, fuelling a surge in demand for commercial real estate.
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Zelenskiy seeks Gulf security ties as Middle East war reshapes Ukraine conflict
Ukrainian President Volodymyr Zelenskiy arrived in Saudi Arabia on March 26 for talks on regional security cooperation, offering Kyiv’s battlefield-honed drone defence expertise in exchange for military support.
Ukraine warns of funding risks as $52bn financing need looms for 2026
Finance Minister Serhiy Marchenko warns delays to a major EU loan package could put pressure on military spending and economic stability.
Poland records highest Nato defence spending share in 2025
Poland allocated over €38.8bn to defence in 2025, equivalent to 4.3% of its GDP, the highest share among Nato members, according to estimates in the alliance’s annual report.
Kazakh oil export headache worsens as Ukraine targets drone attacks at Russian Baltic ports
Already facing difficulties with Black Sea shipments, Kazakhstan now has a problem with northern route.
Iran’s electric grid is one of the most decentralised in the world
US President Donald Trump threatened to bomb Iran's power grid into oblivion. However that could prove more difficult to do than say as the Iranian electricity grid is one of the most decentralsed in the world.