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Who profits big from the war on Iran?

Brent crude futures hit $126.41 on Thursday - a 5 percent rise for the week.
By Humeyra Pamuk, Ahmed Elimam and Ahmed Tolba WASHINGTON/DUBAI, May 1 (Reuters) - A senior United Arab Emirates official said on Friday Tehran could not be trusted over any unilateral arrangements it makes for the Strait of Hormuz, in a sign of deep mistrust on all sides as efforts to end the Iran war remained at an impasse.

Iran says talks with US never stopped, warns it will defend its dignity Iran’s judiciary chief Gholam-Hossein Mohseni-Ejei has said Tehran has maintained engagement with the United States, while warning the country will respond if its sovereignty is challenged. Speaking to state media, Mohseni-Ejei said Iran has not withdrawn from dialogue despite rising tensions. “We do not welcome war, but we are not afraid of it,” he said, according to IRIB. “If our dignity is threatened, we will fight
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Kiyosaki noted that India has widened its oil supply network over the years, leaning on Russia as a key source while bringing back shipments from Venezuela in 2026.

PRESS REVIEW – Friday, May 1: The British papers are still covering the anti-Semitic attack in London. Meanwhile, The New York Times investigates hybrid warfare methods against Jewish targets. Next, a British advertising company is greenwashing the US oil industry. Also, Banksy has made another appearance. Finally, a trainee bus driver has a bad day at the office south of Paris.
Europe must be strong enough to restrain Russia's aggressive intentions, said the leader of the European Solidarity party, member of parliament of Ukraine Petro Poroshenko, during the summit of the International Democratic Union in Zagreb, the politician reported on his Facebook page.

The Iranian Merchant Mariners Syndicate blamed US and Israeli attacks on Iran's ports and commercial fleet for deaths.
President Volodymyr Zelenskyy has requested the Cabinet of Ministers to process a submission for awarding the title of "Hero of Ukraine" (posthumously) to People’s Artist Stepan Hiha.

Iranian foreign minister says US war costs far higher, accuses Pentagon of lying Iran’s foreign minister Abbas Araghchi has accused the Pentagon of misleading the public over the financial toll of the war launched by Donald Trump alongside Benjamin Netanyahu on 28 February. In a post on X, Araghchi wrote: “Pentagon is lying” about the economic cost of the conflict. “Netanyahu’s gamble has directly cost America $100b so far, four times what is claimed,” he said. “Indirect costs for US taxpa

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Jihadist groups in Mali are calling for the overthrow of the ruling military junta, claiming they have begun blockading the capital, Bamako, and seizing additional territory as part of a widening insurgency. The coalition known as JNIM and its allies say they are expanding their control on the ground, while Niger says it is carrying out counterstrikes in coordination with Mali and Burkina Faso. Peter O’Brien has more.

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The Russians attacked Kherson and its suburbs with drones, causing destruction and resulting in one death and several injuries.

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Asia’s gold rush is starting to lose some of its lustre, as surging oil prices due to the Iran war dampen rate-cut hopes that recently helped fuel one of the metal’s strongest rallies in years. A surge in energy costs has revived inflation concerns and made central banks less likely to cut rates, and this has made interest-bearing assets more attractive, according to analysts. Gold prices fell by 12 per cent from US$5,247.90 per troy ounce on February 27 to US$4,620 on Friday morning. The metal.

Labour Day marches are being held as Iran war and rising energy prices threaten the global economy.
Large groups of Shahed drones have entered Ukraine, with some already in southwestern areas of Kyiv region while others are heading toward western Ukraine, the Air Force of the Armed Forces of Ukraine has said.

UAE warns Iran cannot be trusted on Strait of Hormuz navigation UAE presidential adviser Anwar Gargash has warned that Iran cannot be relied upon to guarantee safe navigation through the Strait of Hormuz. In a post on X on Friday, Gargash said no unilateral arrangements led by Iran could be trusted to secure freedom of passage, following what he described as Tehran’s “treacherous aggression” against neighbouring states.

Cafes and coffee shops give Iranians affordable places to talk about their hopes, fears and the cost of living as well as to seek company in uncertain times.

The Green party leader reshared a post on social media that appeared to show officers kicking the suspect in the Golders Green attack in the head Full report: Zack Polanski’s criticism of Golders Green attack arrest will have ‘chilling effect’, says Met chief The minister for victims, Alex Davies-Jones, said pro-Palestine marches have been “hijacked” by people looking to sow division in the UK. “We have seen chants of death, calls for global intifada, and that is wrong,” she told Times Radio.

The Ministry of Defence has confirmed it took additional security steps after removing a social media video showing a British-run military repair facility in Ukraine, following a series of parliamentary questions about the incident. Security steps taken after Ukraine facility video removed first appeared on UK Defence Journal.

Aung San Suu Kyi's son said the transfer did not mean freedom and called for the military junta to provide "proof of life." The former leader has not been seen in public since 2021.

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A shortage of fertiliser due to the Iran conflict could reduce crop yields and push prices higher, says the boss of Yara.
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The world’s eyes have been fixed on the oil tankers clogging the Strait of Hormuz. But the US-Israel war on Iran has exposed a quieter vulnerability: the undersea cables that form the digital backbone of the Middle East. Last week, a media outlet affiliated with Iran’s Islamic Revolutionary Guard Corps highlighted that the strait functioned not only as a crucial chokepoint for oil and gas shipments but also as an essential corridor for internet communications. The outlet warned that damage to.

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President Asif Ali Zardari and Prime Minister Shehbaz Sharif termed the labour force of Pakistan the “backbone” of society and a “pillar of national strength” in statements commemorating International Labour Day on Friday. As the world commemorated the international holiday observed annually on May 1, the president and the premier issued separate messages to mark the occasion. PM Shehbaz paid tribute to Pakistan’s labour force as well as its overseas workers, appreciating their “dedicated servic

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India has increased the prices of LPG used by the restraunt and hotel industry. It is the third such monthly hike since the Iran war upended global suppply. DW has the latest.
Russians continue to attack critical infrastructure and civilian facilities, launching 210 strike drones overnight into Friday, around 140 of them Shaheds, Ukrainian President Volodymyr Zelenskyy said.

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It is International Workers' Day, with activists around the world taking to the streets to demand higher wages, improved working conditions, and broader labor rights. In France, unions have called for demonstrations under the slogan “bread, peace and freedom,” connecting everyday worker concerns to ongoing conflicts in Ukraine and the Middle East. The day has also sparked a heated debate over whether employees should be permitted to work on one of the country’s most protected public holidays.

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German Chancellor Friedrich Merz has maintained that the transatlantic partnership remains strong, despite escalating tensions with Donald Trump, who has criticized Merz since the chancellor remarked earlier this week that the US was being “humiliated” by Tehran. Trump has also threatened to withdraw American troops from Germany, a move that could have significant implications for NATO defense systems, as Camille Corcoran reports.
On the night of May 1, Russian forces repeatedly fired on State Emergency Service rescue workers who were extinguishing a fire at a postal warehouse in Kherson.