World·3h ago
Oil price rises above $120 after reports of 'extended' Iran blockade
The global benchmark oil price, Brent crude, rose above $120 (£89) a barrel on Wednesday, briefly hitting $122, its highest price since 2022. Despite the fluctuations of recent weeks, the price of oil remains much higher than the pre-conflict price of a barrel. Trump had opted to continue squeezing Iran's economy and oil exports with the blockade as his other options - resuming bombing or walking away from the conflict - carried more risk, according to the report.
BBC World
Crime·2h ago
US charges Sinaloa governor and other Mexican officials with drug trafficking offences
The 10 people charged in Manhattan federal court are current and former government or law enforcement officials in Sinaloa, including Rubén Rocha Moya, 76, who has been the governor of Mexico’s Sinaloa state since November 2021. Indictment accuses high-level officials in Sinaloa of offences such as drug trafficking, weapons offences and kidnapping The US justice department has charged the governor of Sinaloa and nine other current and former officials for alleged ties to the Sinaloa cartel, accusing them of aiding in the large importation of illicit narcotics into the United States.
The Guardian World
Politics·4h ago
Carney ‘strong’ in year one, now must deliver on promises in Canada
Or that could be his political strategy, or a bit of both.” Under that pragmatist persona, “Carney takes the world and the economy as it is, rather than what we hope it to be”, which allows him to be judged on pragmatist metrics, Jeram said, referring to criticisms that Carney is overlooking concerns related to political interference or human rights in his. But it was visible in his actions even before Davos, when he had reached out to countries that had historically been important trade partners but where relations had been frozen due to political tensions under his predecessor, Trudeau.
Al Jazeera