Iran, which possesses the world’s third-largest proven crude oil reserves, is set to import fuel again as summer approaches. This situation arises from refinery output not keeping pace with domestic demand, a problem worsened by economic pressures stemming from the war.
For generations,residents and businesses in Islamic Republic have enjoyed cheap energy thanks to hefty subsidies. But this long-standing policy,keeping power and fuel costs low,makes it harder for authorities to meet growing energy needs as summer hits.
Despite having world’s third-largest crude reserves,country often has to buy refined fuels abroad. Its refineries just can't keep up with booming demand,leading to constant supply-demand gap . This critical energy…
On June 3, Iranian Foreign Minister Abbas Araghchi confirmed that Tehran and Washington are still exchanging messages. This comes even as direct negotiations have stalled, with Iran reaching out to the US regarding the need to halt Israeli actions.
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Poland's Defense Minister Władysław Kosiniak-Kamysz has called on Ukraine to reconsider its choice to name a military unit after the Ukrainian Insurgent Army (UIA). This move, which honors Stepan Bandera, has led Polish President Karol Nawrocki to suggest that President Zelensky be stripped of the Order of the White Eagle.
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Portugal and Austria clinched seats on UN Security Council Wednesday, outpacing Germany in a fiercely contested election. Germany, an economic powerhouse with six previous terms, garnered just 104 votes, while Portugal achieved 134.
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Brazilian President Luiz Inacio Lula da Silva announced plans for Brazil to find new buyers, brushing off US tariffs while expressing gratitude to China for lifting restrictions on Brazilian beef due to foot-and-mouth disease. Lula connected China's decision to a response against American trade policies, asserting that Brazil would "not be treated as an insignificant little republic" by the United States.
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Muhammed Nihal V. and Hiba Nourin K.P. are set to launch their new Kyka app in Kozhikode on June 10. This innovative platform will enable local eateries to offer surplus food at discounts of 60-80%. Following a three-month pilot, there are plans to expand throughout Kerala.
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PMK president Anbumani has taken issue with Tamil Nadu CM C. Joseph Vijay regarding the state's ₹2,044 crore farm loan waiver. He contended that this amount provides significantly less support compared to Maharashtra's ₹36,585 crore scheme, which aids 5.572 million farmers.
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