IMF issues warning on global food prices

Food price inflation may soar now that the Ukrainian grain deal has been terminated, a spokesman says The International Monetary Fund (IMF) on Wednesday warned that the termination of the Black Sea grain deal threatens to exacerbate global food insecurity and cause prices to surge, especially in poorer countries.

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Iran unveils energy hub ambitions

The Islamic Republic aims to become a major regional gas trading platform to counter US sanctions Iran is seeking to create a gas hub in cooperation with the country’s Eurasian trade partners, Oil Minister Javad Owji announced on Wednesday. The move is part of Tehran’s efforts to strengthen regional cooperation and enhance its position on…

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France to propose ‘Olympic ceasefire’ in Ukraine conflict – Macron

The ancient tradition of an Olympic Truce was originally implemented to ensure safe travel for pilgrims and athletes French President Emmanuel Macron has said he will ask Russia for a ceasefire in Ukraine during the Summer Olympics, set to take place in Paris between July 26 and August 11.

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