Author: LoveWorld UK

EU PLAN FOR STRAIT OF HORMUZ – Model similar to that in Black Sea could be used in the Strait of Hormuz  EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of ​freeing up transport of oil and gas through the Strait of Hormuz by ‌replicating a deal that gets grain out of Ukraine during wartime. Under the deal, Ukraine can export grain and related foodstuffs and fertilisers through the Black Sea, and merchant vessels and other civilian ​vessels are not attacked by Russia. Kallas said she had spoken to U.N.…

REFORM RIDES HIGH IN UK OPINION POLLS- Farage says that ‘whilst we believe in what we’re doing, we have a good time as well.’ Reform is riding high in UK opinion polls, with a significant lead over Prime Minister Keir Starmer’s governing Labour, raising Reform Party voters’ hopes of Nigel Farage’s predicted victory over Labour at the next election. Farage said his plans would rip up what he sees as the orthodoxy of a liberal establishment responsible for “a progressive, woke ideology” that has left Britons ashamed of their country. While Farage’s campaign and political acumen have seen him forge,…

OIL PRICES SOAR ACROSS THE WORLD – US fuel prices surge at the fastest pace since 2005 amid Iran conflict  As the U.S.-Israeli war with Iran enters its third week, Americans are feeling the economic fallout at the gas pump. Prices have surged to their highest level in more than two years – and South Florida drivers are among the hardest hit. Nationally, regular gasoline is averaging just under 3.72 U.S. dollars a gallon – up more than 70 cents since the joint strikes on Iran began February 28. That is the steepest single-month surge since Hurricane Katrina in 2005.…

DECHAMBEAU WINS LIV GOLF SINGAPORE – Lee’s 2nd place finish marks the best result ever achieved by a wildcard entry Bryson DeChambeau claimed victory at the LIV Golf tournament in Singapore after edging past Canada’s Richard T. Lee in a dramatic play-off at Sentosa Golf Club. The American secured his fourth title on the breakaway circuit, recovering from an early mistake on the first extra hole, after both players finished tied at 14-under-par. Lee had surged into contention late in the final round, producing birdies on four of his last six holes to set the clubhouse target. His charge forced…

IEA LAUNCHES RECORD OIL RESERVE RELEASE – The coordinated release represents the largest collective emergency action to date The International Energy Agency (IEA) has now ordered the immediate release of emergency reserves of its member countries in Asia and Oceania, launching its biggest collective action to date to steady global trade flows. Member governments in Asia and Oceania have already filed release plans, with barrels set to hit global markets immediately, while reserves held by member countries in the Americas and Europe will only begin flowing at the end of March, according to an IEA statement. The agency said its…

GLOBAL OIL PRICES SURGE –  International crude oil  broke above 100 U.S. dollars per barrel International crude oil futures once again broke above 100 U.S. dollars per barrel as geopolitical tensions escalated following U.S. and Israeli strikes on Iran. International oil prices surged at the start of the new trading week. As of 11:50pm GMT on Sunday, West Texas Intermediate (WTI) for April delivery reached a high of 101.32 U.S. dollars per barrel on the New York Mercantile Exchange. Meanwhile, Brent crude for May delivery climbed to 106.17 U.S. dollars per barrel on the London ICE Futures Exchange. International energy…

HUNGARY TO BLOCK LOAN FOR UKRAINE – Hungary will also block new sanctions on Russia until Druzhba restarts, minister says Hungary will continue blocking a 90-billion-euro loan for Ukraine and new sanctions on Russia as long as oil flows via the Druzhba pipeline remain suspended, Hungary’s Foreign Minister Peter Szijjarto said on Monday (March 16) in Brussels. Russian oil flows through the Druzhba pipeline to Hungary and Slovakia have been suspended since late January after damage that Kyiv says takes time to fix. The issue has become the focus of a diplomatic clash between Budapest and Kyiv, with hostile rhetoric…

UK INHERITANCE TAX AMONG WORLD’S HARSHEST – Chancellor urged to scrap levy that is ‘more punishing’ than it looks  Britain has one of the harshest inheritance tax regimes in the Western world, research claims. Rachel Reeves is being urged to scrap the levy after a new report found the UK’s system is “far more punishing” than it looks on the surface. In Britain, inheritance tax is set at 40 per cent on all assets above a certain threshold, regardless of who they are left to. This rate is average when compared with other developed nations, according to a new report…

‘A PROBLEM FOR THE ENTIRE WORLD’ – Israel’s UN ambassador on the Strait of Hormuz Israeli ambassador to the UN Danny Danon said Monday the closing of the Strait of Hormuz is a problem for the entire world, not just Israel and the United States. Danon said Israel expects greater global support on the Strait of Hormuz. Danon made the remarks while speaking to reporters at U.N. headquarters. He praised U.S. President Donald Trump’s leadership and said Israel would do “whatever is necessary” to support U.S. efforts. He added that countries that remain silent in the face of such threats…

WHITE HOUSE SAYS ALLIES SHOULD “DO MORE”  – Trump says UK should assist in reopening Strait of Hormuz President Donald Trump is speaking with European allies and many other nations about opening the Strait of Hormuz, White House Press Secretary Karoline Leavitt said on Monday (March 16). British Prime Minister Keir Starmer said on Monday that Britain would not be drawn into a wider war in Iran but would work with allies on a “viable” plan to reopen the Strait of Hormuz.  The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy…