World

Iran has offered to reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports, a senior Iranian official told Reuters. The diplomatic signal comes as Iran-backed Houthi forces push deeper into Yemen's highlands and tensions rise around the Red Sea and Gulf.

JPMorgan CEO Jamie Dimon has urged Washington to consider India’s refinery requirements and the wider impact on global oil markets before imposing further measures on buyers of Russian crude. His comments come as a new US law gives President Donald Trump authority to impose tariffs of up to 100% on major buyers of Russian oil.

Iran-aligned Houthi forces have captured Yemen’s strategic Perim Island in the Bab al-Mandab Strait, tightening their grip on a critical Red Sea shipping route and increasing risks for Saudi oil exports and global energy markets.

China, Russia and Kazakhstan are exploring the revival of the Ob-Irtysh waterway as a potential Arctic trade corridor, but shallow waters, ice, infrastructure costs and competing water demands remain major hurdles.

From the Lucid Air and Porsche Taycan to the Tesla Model 3 and BMW iX3, these are 10 of the world’s best electric cars based on price, range, performance and technology.

Russia is not pursuing a formal de-dollarisation policy and remains open to acceptable payment mechanisms for international trade, Kremlin spokesperson Dmitry Peskov said ahead of the BRICS summit in New Delhi.

The United States remains the world’s strongest financial centre, while the UK and Hong Kong continue to dominate specific areas of banking and capital markets, according to a decade-long analysis by New Financial.

Toronto-area homeowners who bought properties during the pandemic-era housing boom are increasingly being forced to sell below their purchase prices, with some facing losses running into hundreds of thousands of dollars as the market remains under pressure.

The Falkland Islands remain one of the most sensitive territorial disputes between Britain and Argentina. From the 1982 war and Argentina’s constitutional claim to emerging oil resources and renewed US involvement, the islands continue to carry major political, strategic and economic significance.

US President Donald Trump’s latest push to rename New Mexico, combined with tariff threats, military warnings and pressure on allies, is adding to growing concerns about Washington’s relations with Canada, Mexico and Europe. At the same time, countries including India, China, Russia and Brazil are exploring stronger ties beyond the US.

Using 90% of your credit card limit can make your credit utilisation ratio very high and may negatively affect your credit score, even if you pay the entire bill on time. Here’s how credit utilisation works and how pre-statement payments can help.

The India-EU Free Trade Agreement could significantly reshape bilateral commerce once ratified, with India set to lower tariffs on most EU goods while Indian exporters gain wider access to the European market.