Author: Press Room

The Organization of the Petroleum Exporting Countries (OPEC) released its latest monthly report on Monday, revealing that oil production fell by 27 percent in March due to Iran using terrorist threats to close the Strait of Hormuz. According to OPEC’s report, production was down by 7.88 million barrels per day (mb/d) in March, an even bigger oil shock than the 6.98 mb/d loss from the Wuhan coronavirus pandemic in May 2020. It is also much larger than the five-percent monthly production cut voluntarily undertaken by OPEC in 1973 to punish supporters of Israel for the stunning defeat of attacking Arab…

Iranian President Masoud Pezeshkian threatened “widespread consequences” for the U.S. blockade of Iran’s ports in a phone call with French President Emmanuel Macron on Tuesday. Pezeshkian complained to Macron that “excessive” U.S. demands led to the failure of last weekend’s talks for an extended ceasefire, and claimed Iran would “continue negotiations only within the framework of international law.” “Threatening the Strait of Hormuz will have widespread consequences for the world,” he said, gliding past the fact that Iran was the party “threatening” the Strait of Hormuz and the U.S. has now forcibly reopened it. “Iran has always sought to ensure…

MIAMI — Attorneys involved in the case against Rep. Sheila Cherfilus-McCormick have requested a delay of her trial until February 2027, citing an exorbitant amount of files they must sift through. The request comes less than a week before the trial, set to begin Monday in a Miami federal court. Cherfilus-McCormick, a Florida Democrat, faces 15 charges that include stealing $5 million in FEMA funds and routing that money toward her congressional campaign. The representative has said she’s innocent of the charges against her. The letter requesting the delay — and agreed to by prosecutors — said lawyers already received…

The US has announced a blockade of Iranian oil-linked shipping, tightening pressure on already constrained Middle Eastern exports The US has tightened its grip on energy exports from the Persian Gulf with a new naval blockade on Iranian supplies, risking fresh shocks to already fragile global markets.The move appears intended to increase pressure on Tehran following unsuccessful efforts to secure a diplomatic off-ramp after the US-Israeli bombing campaign stalled. However, it has left American allies uncertain and drawn a pointed response from China, which has issued veiled warnings regarding US naval activity.Why is the US blocking shipping from the Middle…

A city ordinance in Democrat-controlled Boston, Massachusetts, may cost food delivery companies thousands of dollars. The ordinance went into effect over the weekend and applies to companies including DoorDash, Uber Eats, and GrubHub, NBC Boston reported Tuesday. Far-left Boston Mayor Michelle Wu (D) proposed the regulations in February 2025, claiming they are about safety, the outlet reported at the time. She said: This ordinance is an important step toward making app deliveries safer for our city’s pedestrians and drivers on our streets, and toward ensuring delivery app drivers have insurance coverage from the large, national companies they work for. As…

President Donald Trump criticized Pope Leo XIV, labeling him as “WEAK on Crime, and terrible for Foreign Policy,” and added that he does not want a Pope who opposes the actions of the Trump administration. In a post on Truth Social, Trump stated that he likes Pope Leo’s brother “much better” than he likes the Pope. Trump also noted he does not want a Pope “who thinks it’s OK for Iran to have a Nuclear Weapon,” or who “thinks it’s terrible that America attacked Venezuela.” “Pope Leo is WEAK on Crime, and terrible for Foreign Policy,” Trump wrote. “He talks…

House Republicans are looking to bring their farm bill for a floor vote the last week of April, according to four people close to the talks who were granted anonymity to discuss them. The timing is still fluid and could be bumped to after the chamber’s one-week recess at the beginning of May as lawmakers continue high-stakes negotiations over immigration enforcement funding as well as a potential second reconciliation package. Republicans have been privately whipping votes since the House Agriculture Committee advanced the farm bill in a 34-17 vote last month, putting pressure on GOP colleagues to help deliver what…

The crew is in limbo amid conflicting statements from Iran and the US regarding the Strait of Hormuz, Raman Kapoor has told RT The captain of one of the civilian vessels stranded in the Persian Gulf has told RT in an exclusive interview that his crew has been languishing in uncertainty for over a month as the Strait of Hormuz remains largely closed to navigation.Around 25% of the world’s seaborne oil trade passed through the strategically important waterway before the start of the US-Israeli war of aggression against Iran in late February, according to the International Energy Agency.Over the weekend,…

The Bank of France has just completed a major restructuring of its gold reserves, selling 129 tonnes of gold previously stored at the Federal Reserve Bank of New York and replacing it with newly refined, internationally compliant bullion now held entirely within its vaults in Paris. This operation represented roughly 5% of France’s total gold reserves and was not a reduction in holdings but a transformation in form and location. By taking advantage of the surge in gold prices, the central bank realized a capital gain of approximately €13 billion, reversing a €7.7 billion loss in 2024 into a reported profit of…

New official information from Spain’s National Institute of Statistics (INE) revealed 20 percent of the people living in Spain was born in another country, with foreign-born population surging over the past few years, the newspaper El País reported on Tuesday. El País explained that Spain now has ten million foreigners living in the country — which translates to one in five individuals. INE’s statistics, quoted by the newspaper, confirm that foreign-born population in Spain has dramatically grown from 2002 onwards. The amount of foreign-born in Spain increased by two million just in the past three years alone. The statistics reportedly indicate that…