Iran has introduced a new system called Hormuz Safe, a digital insurance platform to help ships pass safely through the Strait of Hormuz. Instead of traditional insurance, vessels will pay using cryptocurrency. The plan is led by Iran’s Economy Ministry, which claims it can manage the strait better
Russia and China’s relationship keeps growing in ways that go far beyond oil and trade. Officials in Moscow highlight education and technology as key parts of their partnership. This goes against the idea that the two countries only work together because of pressure from the West. Their cooperation
Cuba just doubled the price of gasoline and diesel, but good luck finding an open station. Most pumps in Havana have been shut for weeks, leaving drivers clueless about where—or when—they can actually buy fuel. The government claims the price hike reflects "real" import costs, but with no deliveries
Cuba is thinking about accepting a $100 million help package from the United States, but it remains doubtful that President Trump’s motives are pure. The island’s leaders said the offer could help, but they want no conditions attached. The Cuban government wants any aid to come without political
Cuba is facing its toughest energy crisis in years. The country has no diesel or fuel oil left, its top energy official confirmed. The shortages have made power cuts in Havana worse than ever. Many areas now go without electricity for nearly a whole day at a time. The government says it’s running t
Russia has sharply criticized Armenia for allowing Ukrainian President Volodymyr Zelenskiy to speak in Yerevan last week. During his visit, Zelenskiy warned that Russian leaders might face drone threats over Red Square during Moscow’s Victory Day parade on May 9—a claim Moscow dismissed as reckless.
Russia plans to buy foreign cash for the first time since the Ukraine war began, but not as much as experts thought it would. The government will spend 110. 3 billion roubles—mostly in Chinese yuan—between May 8 and June 4 to top up its rainy-day fund. The idea is to keep the rouble from shooting up
Iran’s foreign minister told a Chinese diplomat that the country will only accept an agreement that is fair and comprehensive. He said Iran would protect its rights during talks with the United States. The U. S. president announced that it might pause operations in the Strait of Hormuz while a
Russian arms makers are now getting more than nine out of ten pieces of restricted equipment from China. This shift follows tighter European controls that block many supply routes, pushing Moscow to look eastward for support. The share of Chinese‑supplied tech has risen from roughly eight out of
Russia’s economy is showing clear signs of trouble as the war in Ukraine drags on. Policymakers in Moscow recently met to discuss shrinking capital markets and rising costs, with warnings that labor shortages could get worse. Inflation is climbing, production is slowing, and experts say the country’
