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Oil prices retreat, falling below $88 a barrel

According to Reuters, although oil prices initially surged to their highest levels in the past month, they later reversed course as traders took profits while assessing the latest developments in the Middle East

Iraq’s new prime minister sworn in with incomplete cabinet and unresolved challenges

Iraq’s new Prime Minister Ali Al-Zaini was sworn in today, but with an incomplete government, as parliament failed to reach agreement on the appointment of key ministries, including Interior and Defence

Reuters: United Arab Emirates withdraws from OPEC, a major blow to the oil cartel

The withdrawal of the United Arab Emirates intensifies pressure on the global oil market and reshapes geopolitical balances

Reuters: Lower growth in Germany in 2026 and 2027 due to the war in Iran

The official announcement of the Economy Ministry’s forecasts is expected next week

US shoots down Iranian drone approaching aircraft carrier Lincoln in the Arabian Sea

The incident comes amid heightened tensions in the wider region and a large buildup of US military forces

Reuters: Greece set to announce ban on social media for children under 15

Prime minister has stressed that Greece is ready to consider “banning the use of social media by setting a digital age of adulthood”

Turkish authorities raid Temu’s offices in Turkey

According to a company spokesperson, during the operation the competent authorities seized laptops and other electronic devices from the company’s offices

Reuters: Greece signs its first long-term LNG deal with the US

Greece has signed a 20-year agreement to supply US LNG from 2030, strengthening its role as an energy transport hub in Europe and further reducing its dependence on Russian gas, the agency reports

Musk vs. Reuters: “They took $300 million to investigate me”

Elon Musk reposted evidence that the company that owns the news agency has received significant amounts in government contracts during Biden's presidency

Reuters: Greece to purchase PULS systems from Israel and drones from the U.S.

The news agency, citing two officials, reports advanced discussions

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