Iran demands diplomatic solution to peace after Trump rejects peace plan
I ran on Sunday and insisted that diplomacy is the only way to solve the conflict between Iran and the United States, and Israel after US President Donald Trump rejected an Iranian proposal for reopening the Strait of Hormuz. Abbas Araqchi, Iranian Foreign Minister, posted on Twitter: "Our conditions are clear and any movement toward reopening of the Strait of Hormuz depends on meeting these conditions." Only a negotiated resolution can help them get out of the deadlock.
Iran demands diplomatic solution to peace after Trump rejects peace plan
I ran on Sunday, insisting that only diplomacy could solve the conflict between Iran and Israel and the United States after US President Donald Trump stated he had rejected an Iranian proposal to open?the Strait of Hormuz. Abbas Araqchi, Iranian Foreign Minister, posted on social media: "Our conditions are very clear.?And?any movement toward reopening of the Strait of Hormuz depends…
Argentina accuses UN ignoring the rising tensions in Falkland Islands
Argentina's president Javier Milei criticized Wednesday the United Nations for "looking the other way" during escalating tensions between Britain and Argentina over oil exploration in and around?the Falkland Island, a British overseas territory that is largely self-governing. Argentina has long denied British sovereignty. Milei, speaking before the 'world's leaders at the UN General Assembly said Argentina claimed the islands.
Argentina's Milei speaks to the UN as tensions over Falkland Islands rise
Argentine President Javier Milei will speak to world leaders on Wednesday at the United Nations General Assembly, amid escalating tensions between Argentina and Britain over oil exploration around the Falkland Island. The Falkland Islands are a British overseas territory that is largely self-governing. Argentina has long denied its sovereignty. Argentina began sanction proceedings earlier…
Nth Cycle signs $1 billion mineral offtake agreement with Glencore before public listing
Nth Cycle, a US metals refinery startup, has signed an offtake agreement worth $1 billion with Glencore. The deal is to supply the commodities giant with minerals such as lithium and other essential minerals extracted from used batteries. The US battery recycling industry is awash with deals for 10 years, as governments and companies race to secure domestic resources of minerals essential for electric vehicle batteries.
VEGOILS - Palm prices rise ahead of Trump-Xi summit; stock market concerns increase.
Malaysian palm oil futures rose on Tuesday as the markets awaited the meeting between the US president and the Chinese president. However, traders expected stocks to rise amid subdued demand. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for December delivery had gained 21 ringgit or 0.43% to 4,878 Ringgit ($1,197.64). Sandeep Singh, Director of Kuala 'Lumpur based consultancy and trading firm The Farm Trade…
The agenda of the UN summit is laid out by Turkey's COP31 president
On Monday, the president of Turkey's COP31 outlined a plan to 'transform' existing climate commitments into projects with measurable results. This included raising electricity's share in energy consumption by 2035 to 35% and reducing projected increases in municipal garbage by half. Murat Kurum, COP31 president and Turkish Environment, Urbanisation and Climate Change minister, said that the summit action plan…
Sources: Rodriguez will lead a Venezuelan delegation to the US to discuss energy and debt.
Two sources familiar with the preparations say that a Venezuelan delegation headed by interim president?Delcy Rod will be attending the United Nations General Assembly in New York this week. The delegation plans to discuss energy, mining and debt issues with counterparts in the US. According to sources, the talks will lead to agreements being signed as part of US president Donald Trump's plan to rebuild South America's key industries.
Nepal places climate justice in the centre of its global appeal for flood relief
Officials said that Nepal, which has been devastated by floods, will be asking wealthy countries and international agencies for financial assistance this week. They will argue they should contribute the $5 billion required for initial rebuilding, as the disaster is a reminder of how climate change affects 'poor' countries who did not cause it. Since the collapse of the Himalayan Glacier in late August…
Nepal places climate justice in the centre of its global appeal for flood relief
Officials said that Nepalese officials will be asking wealthy countries and international agencies for financial assistance this week. They claim they should "contribute" to the $5 billion required for initial reconstruction, as the disaster shows climate change's impact on 'poor' countries. Since the collapse of the Himalayan Glacier in late August, which caused destruction in the valleys below it, more than 5,300 people are still missing in Nepal and China’s Tibet region.
Official: There is a good chance that the trapped workers in Nepal's hydropower plant are still alive
A Nepal Electricity Authority official stated on Wednesday that there is a high chance of finding dozens alive after being trapped for a week in an underground chamber. Amhsu Kiran Shahi is a member of the board of the Nepal Electricity Authority. Nepali authorities have so far rescued 279 from hydropower plants that were flooded by an unprecedented flood of mud, rock and debris. This was caused by a glacial slide near the border with China.
Official: There is a good chance that the trapped workers in Nepal's hydropower plant are still alive
A Nepal Electricity Authority official said on Wednesday that there is a good chance that the dozens of workers who were trapped in an underground chamber for a week at Nepal's Rasuwagadhi Hydropower Plant following flash floods will be found alive. Amhsu Kiran Shahi is a member of the board of the Nepal Electricity Authority. Nepali authorities have so far rescued 279 from hydropower plants swamped by an unprecedented deluge?of ice…
South Korea says that it is "negotiating" with Nepal about foreign rescue assistance
Nepal doesn't need foreign help for search and rescue operations after the flash flood that swept through several towns, the foreign ministry announced on Friday. This is despite the fact that several countries whose citizens are missing were willing to offer assistance. The flood swept through Rasuwa District near the Chinese border. It destroyed entire towns and hydropower projects, while killing more than 500 people. Hundreds of foreigners are still missing.
Tanzania commissions the country's largest Hydropower Plant
Tanzania inaugurated a 2,115 megawatt hydroelectric plant on Saturday, more than double the East African nation’s capacity to generate electricity. The surplus generated could be used for power exports or industrial growth. The JNHPP, Tanzania's largest power plant was built along the Rufiji River for a total cost of approximately 7.45 trillion Tanzanian Shillings (2.84 billion dollars). The plant was inaugurated by President Samia Suluhu Hassan.
ExxonMobil to recoup initial costs and increase profits in Guyana
ExxonMobil's joint venture in Guyana has recovered the?billions?of dollars?it invested for developing a large oilfield, according to its chief financial office. The South American nation will receive more money from oil. Since its discovery in 2015, the U.S. Oil Producer's portfolio has included Guyana's Stabroek Block. It is estimated that the block contains at least 11 billion gallons of oil equivalent.
IEA: Ukrainian attacks cause Russian oil production to fall 10% below target for May
The International Energy Agency (IEA), which is a part of the United Nations, said that Ukraine's attacks on Russia's energy infrastructure caused its crude oil production to drop by around 5% on an annual basis last month. This was 10% below May’s target. Ukraine has doubled its attacks on oil refineries since 2026 in an attempt to 'hit' a major source for Russia's war fund. This has led to a complete or partial shutdown of oil processing.
Cuba runs out of diesel fuel and fuel oil due to US oil blockade
Cuba's energy and mines minister announced on Wednesday that the island has run out of diesel, fuel oil and other fuels. The capital Havana is experiencing its worst rolling power blackouts in decades due to a U.S. blockade which has deprived the island of fuel. "We have no fuel at all (oil) and no diesel," Energy minister Vicente de la O told state-run media. He added that the grid national was in "critical" condition.
UN report ranks Chile landfills as the top emitters of methane
A recent study by the UN Environment agency has revealed that a landfill on the outskirts Santiago, Chile's capital is one of the largest sources of methane-based climate warming gas in the world. According to data derived from satellite images, published by the United Nations Environment Programme in April, the Lomas Los Colorados landfill is the site with the highest level of methane emission.
Guyana warns World Court that Venezuela's claim to oil-rich Esequibo Region poses an existential threat
Guyana asked the judges of the International Court?of Justice to rule Venezuela doesn't 'have a legitimized claim on the oil-rich area around the Esequibo River, which has been a disputed region between Latin American neighbours ever since colonial times. Hugh Hilton 'Todd, Guyana's foreign minister, told the judges that facing a more powerful and larger neighbour's plans for our territory had not only hampered our peace and security but also slowed down our development.
Italy rejects sending ships to patrol the Hormuz Strait in the absence of a U.N. mandate
Matteo Salvini, the Deputy Prime Minister of Italy, said that Italy would not send any ships to help 'police' the Hormuz Strait following the ceasefire agreement between the United States (US) and Iran (Iran), unless the United Nations gave its approval. It is not on our agenda. Salvini told reporters that he had already stated he would not send ships without a United Nations-led initiative. The U.S.