Oil Prices Rise Amid US-Iran Strikes & More
Today, the focus is on the escalation of the conflict in the Middle East, which is affecting energy costs, and important international decisions for national communities. Reports are also coming in regarding major natural disasters in Latin America and Asia.
The rising cost of oil could impact the ruble's exchange rate and fuel prices due to new retaliatory strikes between the US and Iran. Brent crude rose to $72.25 after Washington attacked Iranian facilities in response to a drone strike on a tanker in the Strait of Hormuz (a key route for global oil exports). Tehran warned against interference in the strait's affairs, but on Tuesday, the parties plan to hold technical talks in Qatar to discuss a memorandum on the cessation of hostilities.
A significant event for the Armenian community was Israel's official recognition of the Armenian genocide in the Ottoman Empire in 1915–1916. The country's government passed a corresponding resolution on Sunday, changing its long-standing position on this historical issue.
In the realm of security, reports of large-scale natural disasters are coming in: the death toll from earthquakes in Venezuela has exceeded 1,400. More than 3,200 residents were injured following two powerful tremors on June 24. A similar disaster occurred in China's Sichuan province, where 13 people were injured due to a 5.5 magnitude earthquake.
Extreme weather conditions have also led to casualties in Europe, where more than 1,300 people died during a week of intense heat. Amidst these weather anomalies, a plane crash occurred in France: a Pilatus PC-6 light aircraft crashed in the commune of Tomblaine immediately after takeoff, resulting in fatalities.
In the news section of our app, you will find details on Israel's statement regarding the situation in Lebanon and specifics of the plane crash in France.