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Reform of Japan’s ‘pacifist’ constitution clause at stake as super-majority slips from PM Abe

1 day ago DieselGasoil Comments Off on Reform of Japan’s ‘pacifist’ constitution clause at stake as super-majority slips from PM Abe
The ruling coalition led by Japanese Prime Minister Shinzo Abe is poised for a solid win in the upper house of parliament. Still, early projections show it won’t secure the super-majority needed to change the constitution. Japan held elections for the upper house of its parliament, the Diet, on Sunday. After initial evaluations signaled that Read More

Ukraine’s Zelensky gains parliamentary faction in snap election

1 day ago DieselGasoil Comments Off on Ukraine’s Zelensky gains parliamentary faction in snap election
The party of Volodymyr Zelensky entered Ukraine’s parliament on the back of his popularity, giving the president a much-needed faction in the legislature. Now he needs to walk the walk and deliver on his campaign promises. Zelensky is a professional comedian who entered politics last year to successfully defeat his predecessor, Petro Poroshenko, in April Read More

Scandal-plagued Bibi beats Ben-Gurion to become longest-serving Israeli PM

3 days ago DieselGasoil Comments Off on Scandal-plagued Bibi beats Ben-Gurion to become longest-serving Israeli PM
As he faces corruption allegations and yet another election fight, Israel’s unsinkable Prime Minister Benjamin Netanyahu has set a new record by becoming the longest-serving leader of the Jewish state. The previous record of Israeli political longevity stood at 4,875 days and remained unmatched since 1963, when the nation’s founding father, David Ben-Gurion, retired as Read More

Tanker crisis reflects UK’s self-inflicted act of national vandalism

3 days ago DieselGasoil Comments Off on Tanker crisis reflects UK’s self-inflicted act of national vandalism
By Deborah Haynes, foreign affairs editor The seizure of a British-flagged tanker by Iran was an accident waiting to happen. Not only does the move further expose Britain’s limitations in defending its interests after decades of cuts to the military, it also underlines the lack of a coherent strategy to deal with the crisis in Read More

Saudi Arabia invites US to ‘preserve its peace’ against Iran by swamping Gulf with more troops

3 days ago DieselGasoil Comments Off on Saudi Arabia invites US to ‘preserve its peace’ against Iran by swamping Gulf with more troops
Saudi Arabia has rolled out the welcome mat for US troops in a move it claims is aimed at “preserving its peace” – mainly by menacing Iran, where tensions have risen near a breaking point after multiple tanker seizures. King Salman has approved hosting US forces in order to “increase joint cooperation in defense of Read More

Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces

3 days ago DieselGasoil Comments Off on Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Indian state party boss sleeps on parliament floor in bizarre protest

4 days ago DieselGasoil Comments Off on Indian state party boss sleeps on parliament floor in bizarre protest
The president of India’s BJP party in the state of Karnataka made a makeshift bed for himself right in the parliament’s aisle as his party staged a “sleep-in” protest, accusing the rival coalition of delaying a confidence vote. The 76-year-old leader of the BJP branch in the southern state of Karnataka, B. S. Yeddyurappa, went Read More

Iran confirms it seized fuel tanker in the Persian Gulf

5 days ago DieselGasoil Comments Off on Iran confirms it seized fuel tanker in the Persian Gulf
By Alex Longley on 7/18/2019 LONDON (Bloomberg) –Oil extended gains after Iran confirmed it had seized a foreign oil tanker in the Persian Gulf earlier this week. Brent crude gained as much as 1.3%, reversing some of the heavy losses the global benchmark suffered in the previous two sessions. Iran’s Revolutionary Guards said it captured Read More

Crude oil prices plunge as conflict between US and Iran cools

6 days ago DieselGasoil Comments Off on Crude oil prices plunge as conflict between US and Iran cools
Oil prices sank on Tuesday after President Trump and US Secretary of State Mike Pompeo struck a softer tone on Iran. The market acted swiftly, selling off crude oil. The comments come a day after Iran’s foreign minister Javad Zarif spoke with NBC News, where he seemed to crack open the door to negotiations of some Read More

Oil settles lower amid signs of US-Iran rapprochement

6 days ago DieselGasoil Comments Off on Oil settles lower amid signs of US-Iran rapprochement
New York — Oil futures settled sharply lower Tuesday after White House statements pointed to a potential thaw in Middle East tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled down $1.96 at $57.62/b and ICE September Brent was $2.13 lower at $64.35/b. Oil futures Read More