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G7 Releases 100 Million Barrels as Fuel Prices Surge
03/10/2026

G7 Releases 100 Million Barrels as Fuel Prices Surge

02/10/2026

G7 Releases 100 Million Barrels as Fuel Prices Surge

The Group of Seven has agreed to a coordinated release of up to 100 million barrels of crude oil and diesel from emergency reserves as global fuel prices remain under pressure.

The agreement followed an emergency G7 video conference chaired by French President Emmanuel Macron, after discussions with US President Donald Trump about rising diesel prices and energy supplies.

Trump said Europe had agreed to release a “massive amount” of diesel from its heavily stocked reserves. The G7 statement confirms that the coordinated release will begin immediately and continue over four months, with a substantial diesel release planned during the first 20 days. The operation will be coordinated through the International Energy Agency.

G7 members also reaffirmed their commitment to keeping energy and energy-product trade open between member countries and called on other producers to avoid export restrictions that could increase market tensions.

The move comes amid major disruptions to global energy markets linked to the Middle East conflict.

Will the emergency reserve release bring down diesel and oil prices? Watch NSBoard TV for the latest developments in global energy markets.

Putin Warns West: Russia Ready to Use “Every Weapon” Over Kaliningrad
02/10/2026

Putin Warns West: Russia Ready to Use “Every Weapon” Over Kaliningrad

01/10/2026

Putin Warns West: Russia Ready to Use “Every Weapon” Over Kaliningrad

Russian President Vladimir Putin has issued a major warning to the West over the future of Kaliningrad, saying Russia could use every weapon at its disposal if the territory or other parts of Russia come under direct attack.

Speaking at the Valdai foreign policy forum, Putin accused NATO of military activities in the Baltic region that Moscow views as a potential threat to Kaliningrad.

The Russian exclave is strategically located between NATO members Poland and Lithuania and is separated from mainland Russia.

Putin said Russia does not intend to threaten other countries but warned that Moscow would respond if it faced direct aggression. He also referred to Russia's nuclear capabilities and the danger of escalation between nuclear-armed powers.

NATO Secretary General Mark Rutte has said the alliance's exercises and activities are defensive and do not pose a threat to Russia.

The latest warning comes amid heightened tensions between Russia and Western countries, including concerns over alleged hybrid attacks, military activity and the ongoing war in Ukraine.

Israel Investigates Terrifying Flydubai Flight Attack
01/10/2026

Israel Investigates Terrifying Flydubai Flight Attack

01/10/2026

Israel Investigates Terrifying Flydubai Flight Attack

A terrifying incident has occurred aboard a Flydubai passenger flight travelling from Dubai to Tel Aviv after the co-pilot allegedly attacked and stabbed the captain in mid-air.

The aircraft was carrying 174 people when it suddenly plunged thousands of feet. Passengers and crew intervened, helping to restrain the attacker, while the injured captain managed to open the cockpit door.

The Boeing 737-8 MAX eventually made an emergency landing in Tabuk, Saudi Arabia, where the co-pilot was arrested. The captain was taken to hospital and was reported to be in stable condition.

Israeli and UAE authorities are investigating the incident. At this stage, investigators have not established a motive, while an initial Israeli assessment suggests the co-pilot acted alone.

Israeli Prime Minister Benjamin Netanyahu has alleged that the suspect had undergone Islamist radicalisation, but any possible links to terrorism or other groups remain under investigation.

28/09/2026

Oil Prices Surge After Trump Rejects Iran Peace Deal

Oil prices have rebounded after US President Donald Trump rejected an Iranian peace proposal aimed at resolving the conflict and reopening the Strait of Hormuz.

Brent crude futures climbed more than 1%, reaching around $105 a barrel, while US West Texas Intermediate crude also moved higher. The rise reflects renewed concerns about energy supplies as tensions remain elevated across the Middle East.

Iran had transmitted its peace proposal through Qatari mediators, with the plan intended to create a pathway toward reopening the Strait of Hormuz and ending regional hostilities.

Although Trump rejected the proposal, he said US negotiators are expected to hold further talks with Iran this week.

Meanwhile, oil shipments through the Strait of Hormuz have been recovering, and Reuters reports that crude exports from major Middle Eastern producers reached about 12.8 million barrels per day in September, helped by higher exports from Saudi Arabia and the United Arab Emirates.

The latest developments are being closely watched by global energy markets because prolonged disruption around the Strait of Hormuz could affect oil supplies, fuel prices and inflation worldwide.

28/09/2026

Iran Fires Back After Trump Rejects Peace Plan: “Only Diplomacy”

Iran is insisting that diplomacy is the only way to resolve its conflict with the United States and Israel after US President Donald Trump rejected Tehran’s proposal to reopen the Strait of Hormuz and end the fighting.

Iranian Foreign Minister Abbas Araqchi says reopening the strategic waterway depends on Iran’s conditions being met and that only a negotiated solution can break the current deadlock.

Iran had transmitted its proposal to Washington through Qatari mediators. The plan could trigger a seven-day process leading to the reopening of the Strait of Hormuz and a pause in regional hostilities, followed by broader negotiations on mutually agreed issues.

Trump says he rejected the proposal, arguing that Iran is under significant pressure. However, Araqchi says Tehran has not yet received a formal US rejection through the mediators and is waiting for Washington’s definitive position.

The Strait of Hormuz is a critical global energy route, making the latest diplomatic standoff important not only for the Middle East but also for global oil markets and the wider economy.

Trump Rejects Iran’s 7-Day Peace Plan: Strait of Hormuz Remains Shut
27/09/2026

Trump Rejects Iran’s 7-Day Peace Plan: Strait of Hormuz Remains Shut

26/09/2026

Trump Rejects Iran’s 7-Day Peace Plan: Strait of Hormuz Remains Shut

US President Donald Trump has rejected an Iranian proposal aimed at reopening the Strait of Hormuz and pausing fighting across the Middle East.

According to Reuters, Iran transmitted the proposal through Qatari mediators, offering a seven-day process that could lead to the reopening of the strategic waterway and a pause in regional hostilities. Iranian Foreign Minister Abbas Araqchi said the necessary arrangements were prepared if the United States was serious about reaching an agreement.

However, Trump told reporters that he had rejected Iran’s proposal, arguing that Tehran was under significant economic pressure because of the disruption around the Strait of Hormuz.

The waterway is critical to global energy supplies, and the conflict has disrupted oil flows and created wider economic concerns. Iran has also indicated that it would not compromise on key elements of its nuclear programme, including its stated rights concerning uranium enrichment.

With Trump's rejection of the proposal, the next move could determine whether US-Iran tensions move toward renewed negotiations or further military escalation.

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