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IEA says members to release 400 mn barrels from oil reserves

Oil prices drop more than 5%

Global oil prices tumbled more than five percent on Tuesday as speculation mounted that sanctions on Iranian crude could be eased as part of the deal to end the Middle East war. Around 1650 GMT international benchmark Brent crude fell 5.0 percent to...

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copilot

Microsoft is changing how it charges for its software for the first time in two decades, moving to bill customers with a pay-as-you-go model each time they use its new AI agent. The change, prompted by the soaring cost of artificial intelligence...

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Japan PM slated to announce plans for 'happiness index'

Japan said Tuesday it has not yet decided whether its military will join efforts to help the resumption of shipping through the Strait of Hormuz after the US-Iran peace deal. US President Donald Trump said that the vital artery for oil and gas would...

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Zelensky to visit Trump in Washington this week

US President Donald Trump said Tuesday that “Russia should make a deal” to end its war against Ukraine, after meeting with Ukrainian President Volodymyr Zelensky at the G7 summit in France. Trump said he “had a meeting” with...

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Iran-US talks begin in Geneva: Iranian state TV

Iran on Tuesday said talks with the United States on its nuclear programme and sanctions relief would likely begin later this week, as President Donald Trump’s announcement that the Strait of Hormuz would reopen sent oil prices tumbling...

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