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The International Monetary Fund (IMF) stated that the economic impact of the war in the Middle East will depend on its duration and the extent of the damage it inflicts on the region’s infrastructure and industries.During a conference organized by the Milken Institute in Washington Tuesday, Dan Katz, First Deputy Managing Director of the IMF, said that these effects will depend largely on the duration of the energy price increases, whether they are short-term or long-term.He explained that the conflict has the potential to significantly impact the global economy across a range of indicators, such as inflation and growth.He added that it is too early to form a firm conviction about the potential impact, noting that the economic effect will be determined by geopolitical developments and the duration of the conflict.Earlier Tuesday, oil prices continued their rise for the third consecutive day, influenced by increasing concerns about supply disruptions in the Middle East, with Brent crude futures rising by $1.10 per barrel, or 1.4 percent, to reach $78.83 per barrel. Source link
French President Emmanuel Macron announced Tuesday that he has ordered the aircraft carrier Charles de Gaulle, along with its air assets and escorting frigates, to sail to the Mediterranean, in response to the current situation in the Middle East.In a televised address tonight, he said urgent measures must be taken in the wake of the closure of the Strait of Hormuz and the threat to the Suez Canal and shipping lanes in the Red Sea, as the conflict expands.”We have economic interests that must be protected, as oil, gas, and international trade are heavily affected by this war,” he added.Macron pointed out that France has sent a frigate to Cyprus and has intercepted drones over the skies of its Gulf allies, with Rafale aircraft among the assets used, adding “We have defense agreements linking us with Qatar, Kuwait, and the United Arab Emirates”.He explained that France is assisting its citizens wishing to leave the region, and that two flights are scheduled to arrive in Paris this evening, stating that security measures have been reinforced at certain locations in France.Macron said Iran itself bears primary responsibility for the US-Israeli action, but he recalled that the United States and Israel decided to carry out military operations, and they executed them outside the scope of international law, which is something France cannot endorse. Source link
The US Department of State announced Wednesday that it has ordered non-emergency embassy and consulate staff and their families to leave Pakistan and Cyprus, amid growing security concerns resulting from regional developments.The US Embassy in Pakistan explained that the State Department had asked non-essential government employees and family members of its staff at its consulates in Lahore and Karachi to leave the country for their safety, stressing that this measure did not affect the embassy’s status in the capital, Islamabad.In Cyprus, the US allowed its non-emergency embassy staff and their families to leave the island, following the attack on a British military base on Sunday night, amid the fallout from the ongoing conflict in the Middle East, affirming that the decision was made for security reasons.On Tuesday, the US Department of State urged all American citizens to leave more than 12 countries in the Middle East using any available commercial means of transportation, due to the security risks resulting from the ongoing escalation of the US-Israeli war against Iran. Source link
Canada's Prime Minister Mark Carney called today for de-escalation in the Middle East, on the back of US-Israeli strikes on Iran. Carney called on all parties involved to adhere to international law and the rules of engagement.In a speech he gave in Sydney, Carney said that Canada calls for containing the acts of aggression and that the country was willing to help support this goal. Source link
US President Donald Trump said that he ordered the United States Development Finance Corporation (DFC) to provide political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Strait of Hormuz.’If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,’ Trump said in a post on Truth Social.Iran had threatened earlier that it would attack ships passing through the Strait of Hormuz, with some tankers attacked. Several insurance companies informed their maritime transport customers that they dropped war insurance. The Strait of Hormuz normally sees the passage of 60 ships a day, around 20 percent of global oil flows. Source link
Hegseth speaks while General Caine listens during a news conference at the Pentagon in Arlington, Virginia. – AFP The Pentagon has played down concerns that the US attack on Iran risked plunging the United States into a new, open-ended conflict in the Middle East, even as officials declined to offer a timeline and cautioned they expected more US casualties.In the first Pentagon briefing since the conflict began, US General Dan Caine, the chairman of the Joint Chiefs of Staff, told reporters that it would take time to achieve US military objectives in Iran.Defence Secretary Pete Hegseth listed those objectives in primarily military terms, saying that the Pentagon sought to destroy Iran’s navy and expansive missile capabilities that could shield any covert attempts by Tehran to later build a nuclear weapon.Iran denies it wants nuclear weapons.”To the media outlets and political left screaming ‘ENDLESS WARS’ – stop. This is not Iraq. This is not endless,” said Hegseth, a former Fox News host and Army veteran who served in Iraq from 2005 to 2006 and deployed to Afghanistan in 2012.Still, Hegseth mocked a reporter who asked about the timeline for the campaign, saying that Trump would not be pinned down, even after the US president suggested on Sunday that strikes against Iran could go on for the next four weeks.The US and Israeli attacks have triggered a massive Iranian retaliatory response but many of the most dangerous drones and missiles have been intercepted by US military forces and US allies in the region.Still, some of the attacks succeeded in inflicting US losses.The US military said a fourth US service member died on Monday as a result of injuries in the Iran operations.Six US service members were also injured on Monday when Kuwaiti air defences shot down their three F-15 fighter jets by mistake.”We expect to take additional losses,” Caine told the briefing, adding the United States would work to minimise US losses but “this is major combat operations”.Democrats have accused Trump of risking American lives for a war of choice, and have taken aim at his arguments for abandoning peace talks that mediator Oman said still held promise.Trump has argued, without presenting evidence, that Iran was on track to soon secure the ability to strike the United States with a ballistic missile.His missile claim was not backed by US intelligence reports, and appeared to be exaggerated, sources familiar with the reports have told Reuters.Trump administration officials acknowledged in closed-door briefings with congressional staff on Sunday that there was also no intelligence suggesting Iran planned to attack US forces first, two people familiar with the matter said.That appeared to contradict remarks by senior administration officials on Saturday that Trump decided to launch the attacks in part because of indicators that Iranians might strike US forces in the Middle East “perhaps preemptively”.Trump, one of the officials said, was not going to “sit back and allow American forces in the region to absorb attacks”.Reuters/Ipsos polling over the weekend shows just one in four Americans supports US strikes on Iran in part over concerns about harm to US troops, which some analysts say could further weigh down support ahead of November’s midterm election.As the US-Israeli air war against Iran expanded Monday, Caine said the US military buildup in the Middle East continued, even after the biggest deployment since the 2003 invasion of Iraq.”This is not a single overnight operation. The military objectives that CENTCOM and the Joint Force have been tasked with will take some time to achieve, and in some cases will be difficult and gritty work,” Caine told reporters.Even with the US-Israeli strikes, the conservative clerical leaders in Iran have shown no sign of yielding power.Military experts say US and Israeli air power, with no armed force on the ground, may not be enough to drive them out.Hegseth said there were no US troops on the ground. But he also declined to rule that possibility out.”We are not going into the exercise of (saying) what we will or will not do,” Hegseth said. “President Trump ensures that our enemies understand we’ll go as far as we need to go to advance American interests.””But we’re not dumb about it,” he stressed. “You don’t have to roll 200,000 people in there and stay 20 years.”He sought to differentiate the Iran operation from past long-running US wars in Iraq and Afghanistan, saying that the war is not an effort to build democracy in Iran.”No stupid rules of engagement, no nation building quagmire, no democracy-building exercise. No politically correct wars. We fight to win and we don’t waste time or lives,” the Pentagon chief said. “We’ll go as far as we need to go.””This is not Iraq. This is not endless,” Hegseth said. “Our generation knows better and so does this president. He called the last 20 years of nation building wars ‘dumb’ and he’s right.””With every passing day, our capabilities get stronger and Iran’s get weaker. We set the terms of this war from start to finish. Our ambitions are not utopian, they are realistic scoped to our interests and the defense of our people and our allies,” he added. Related Story Source link
An emergency vehicle passes by the entrance of RAF Akrotiri, a British sovereign base in Cyprus, which was hit by an unmanned drone overnight, causing limited…
Sinners scooped the top prize at the Screen Actors Guild (SAG) gala in Los Angeles on Sunday, tightening the race to the Oscars with two weeks to go before Hollywood’s awards season finale.The honour at the newly rebranded Actor Awards recognises the ensemble cast of a film – a decision that sometimes, but not always, presages Academy Award best picture glory.Ryan Coogler’s vampire fable about America’s difficult racial history, has stormed through awards season, garnering a record 16 Oscar nominations.”We brought our hearts, we brought our souls, we brought our spirits to this endeavour,” said Delroy Lindo, who plays blues musician player Delta Slim, as he accepted the award on behalf of the cast. “This project is anointed. And from that standpoint, we are all anointed to be a part of this incredible journey created by the genius Ryan Coogler.”It was the first time Sinners seized a top prize at a pre-Oscars gala, which have so far been largely swept by One Battle After Another, including at the Producers Guild Awards on Saturday.Paul Thomas Anderson’s One Battle is a political thriller starring Leonardo DiCaprio as a former revolutionary forced back into the game when his teenage daughter goes missing.Sinners may have had the upper hand with SAG-AFTRA, which represents more than 160,000 members – but that may not hold true in two weeks’ time for the Academy Awards.”I’m not as confident that it’s going to win the best picture Oscar,” Scott Feinberg, awards columnist for *The Hollywood Reporter, told AFP ahead of the gala, after predicting the SAG award win. “Those two awards have gone to different films just about as often as they have gone to the same film.”Voting for the Academy Awards does not close until Thursday, meaning Sunday’s results could be influential.For best leading male actor, Michael B Jordan pulled off a surprise win in a category that Timothee Chalamet (*Marty Supreme) has dominated all season.”I’m so honoured and privileged to be nominated in categories with people and actors and humans that I love,” he said. “This ride has been unbelievable.”For best leading female actor, there were no surprises when Jessie Buckley’s name was announced.The Irish actress, who plays the grief-stricken wife of William Shakespeare mourning their son in Hamnet has so far won nearly every prize on offer.”I have been categorically changed by so many people in this room and beyond,” an emotional Buckley said. “To get to work with my heart in my hand and stand beside my brilliant, daring friends who show me their heart – I mean, what a way to spend a life.”The race for the Oscar for best supporting performers became even cloudier after Sunday’s gala.Amy Madigan took home the statuette for best supporting actress for her role as the sinister aunt in horror flick Weapons, following her success at the Critics Choice Awards.”I wasn’t expecting this, but it does really mean a lot to me from my peers,” she said.The major awards in this category this season have gone to different people – the Golden Globe to Teyana Taylor in One Battle After Another, and the BAFTA to Wunmi Mosaku for Sinners.For the men, Sean Penn – who was not at the ceremony – won for his wild turn as Colonel Lockjaw in *One Battle After Another, following on from his BAFTA win.The Critics Choice Awards recognised Jacob Elordi for Frankenstein, and the Golden Globe went to Stellan Skarsgard in Sentimental Value, who did not even get a SAG nod.The television side of the awards was dominated by Apple TV’s Hollywood satire The Studio which won three statuettes, including a posthumous award for Catherine O’Hara, who died in January.Series co-creator Seth Rogen, who accepted the award on her behalf, said he felt fortunate to have spent time with the actress – a Hollywood stalwart known for her work in Home Alone and Schitt’s Creek.”Something that I’ve just been marveling at over the last few weeks was really her ability to be generous and kind and gracious, while never ever minimizing her own talents,” he said.The evening also honoured veteran Harrison Ford with a life achievement award for memorable roles that have included Han Solo in the Star Wars franchise and Indiana Jones.”I feel incredibly grateful for this kind attention. But to be clear, I also am quite humbled,” said Ford, whose big break came in George Lucas’s American Graffiti in 1973.”I’m in a room of actors, many of whom are here because they’ve been nominated to receive a prize for their amazing work, while I’m here to receive a prize for being alive,” the 83-year-old said to laughs. Related Story Source link
Polling officials carry ballot boxes and other materials at Damak in Jhapa district Monday ahead of parliamentary elections in Nepal. Nepal votes Thursday in the first elections since deadly youth-led anti-corruption protests toppled the government in September 2025.Key figures contesting for power include a former prime minister seeking a return to power, a rapper-turned-mayor bidding for the youth vote, and the newly elected leader of the Nepali Congress party.Here are three of the most closely watched candidates in the March 5 parliamentary polls — all central figures in an election that analysts say is unlikely to deliver an outright majority for any single party. Gagan Thapa, 49 Gagan Thapa presents himself as the face of generational change, arguing that the country can no longer be run by what he calls an “old age” club of revolving veteran leaders.Thapa led an internal revolt in January to be elected as head of the Nepali Congress, the country’s oldest and historically dominant party, which had been the largest member of the ousted coalition government.Born in 1976, Thapa was drawn into politics as a teenager during the 1990 pro-democracy movement against the then absolute monarchy.He rose through student activism, linked to the Nepali Congress, and became a prominent figure in the 2006 mass uprising that forced the king to abdicate.Jailed several times for street protests, he then entered parliament as one of its youngest members. He has since served multiple terms, and been health minister.”I am the right mix of energy and experience — the right mix which can deliver,” Thapa told AFP, pledging governance reform and job creation, while promising to work across party lines.KP Sharma Oli, 74Khadga Prasad Sharma Oli is one of Nepal’s most seasoned and polarising political figures.A veteran Marxist leader who has served four times as prime minister, he was ousted in September’s protests at his rule.Leader of the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML), Oli has spent nearly six decades in politics.He was drawn into underground communist activism as a teenager and was arrested in 1973 for campaigning against the monarchy. He spent 14 years in prison, including four in solitary confinement.He later rose through party ranks to become prime minister in 2015, returning to office multiple times in Nepal’s turbulent parliamentary landscape.Critics accuse him of an authoritarian streak and intolerance of dissent, while supporters credit him with strong leadership and nationalist resolve, particularly in navigating relations with India and China.Oli denies ordering security forces to fire on protesters during last year’s unrest, in which at least 77 people were killed and crowds torched parliament.Oli told AFP he blames “infiltrators” for the violence.Despite his dramatic fall, he won re-election as party chief in December and is seeking a comeback, framing the vote as a “competition between those who burn the country and those who build it”.Balendra Shah, 35Balendra Shah, widely known as “Balen”, has emerged as a symbol of youth-driven political change, after backing the protests that forced the government from power.Born in Kathmandu in 1990, he was a schoolboy during Nepal’s decade-long Maoist civil war.A former underground hip-hop artist whose songs railed against corruption and inequality, the 35-year-old civil engineer first shot to national prominence through music.He translated that online popularity into a shock political victory in 2022, when he was elected Kathmandu’s first independent mayor.Shah built a reputation as a blunt and often confrontational reformer, launching campaigns against tax evasion, traffic congestion and waste mismanagement.In December, Shah joined the centrist Rastriya Swatantra Party (RSP), positioning himself for national leadership.He has taken the unusual step of challenging former prime minister Oli in his home constituency, telling AFP that it shows he is “not taking the easy way out”.Advocating a liberal economic system with social justice, including free education and healthcare for the poor, Shah says Gen Z’s core demand is good governance — and insists music will remain part of his identity, even if he becomes prime minister. Related Story Source link
Philippine President Ferdinand Marcos met South Korean President Lee Jae Myung in Manila Tuesday, where they discussed ways to deepen economic and security ties.Lee was in Manila on a state visit.Marcos said both sides ‘recognise growing uncertainty in geopolitical developments,’ and agreed on the need to uphold a rules-based international order, including in the maritime domain.The Philippines and South Korea agreed to expand cooperation in shipbuilding, nuclear energy and artificial intelligence.Lee said the two countries will also cooperate in infrastructure and defence industries.Lee added that South Korea and the Philippines plan to work together on critical minerals and supply chains.The two leaders also discussed the situation in the Middle East during their talks.South Korean companies will help the modernisation of the Philippine military, Lee saidThe countries signed MoUs in various sectors, including digital technology, procurement of specific defence equipment, agriculture, intellectual property, foreign language education, culture, and police investigations. Source link