International security and energy concerns as markets hit record highs
At the UN Security Council, Greece took a stand on the war in Ukraine. The Greek side strongly condemned attacks against civilians, diplomatic missions, and cultural heritage sites, calling for respect for international law and the protection of human lives.
At the same time, a new UN report on sexual violence in conflict zones is causing reactions. For the first time, the Israeli armed forces are included in the list of groups accused of such acts, as documented incidents of violence in conflicts worldwide increased significantly in 2025.
In Iran, authorities have begun preparations for the funeral of former Supreme Leader Ali Khamenei. The ceremony will take place three months after his death, having been postponed for some time without a specific date being given until now.
In the United States, judicial and political developments continue with unabated interest. The former Attorney General testified before Congress regarding the Epstein case but refused to answer questions about Donald Trump. At the same time, an American judge ordered the removal of Trump's name from the Kennedy Center within the next two weeks.
In the global economy sector, the IMF and the World Bank are warning of a potential fuel shortage this summer. This risk is considered high if the Strait of Hormuz remains closed, as global oil reserves are decreasing at a record rate, causing concern among international organizations.
Despite the energy warnings, oil prices saw a major drop this week. Brent fell by 11% and WTI by 9%, a fact that shows the intense volatility prevailing in international fuel markets in recent days.
Conversely, the New York Stock Exchange continues its upward trend with impressive results. The S&P 500 index closed with gains for the ninth consecutive week, while the Nasdaq jumped 8% during May, reaching new historic records during the sessions.
Finally, in Greece, Prime Minister Kyriakos Mitsotakis bid a sad farewell to Nikos Tagaras, emphasizing that his loss leaves a great void in the country's political life and urban planning. Also, Giannis Maniatis highlighted the importance of the Crete-Peloponnese electrical interconnection, which has provided savings of 700 million euros since 2021.