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South Korea's Foreign Ministry announced that Iranian-made Noor anti-ship missiles were likely used in the May 4 attack on the HMM Namu cargo ship in the Strait of Hormuz, leading to the summoning of Iran's ambassador for an explanation.
Vitol CEO Russell Hardy warned that the Middle East conflict could lead to a cumulative loss of at least 1 billion barrels in global crude and refined-product markets, with 600 to 700 million barrels already lost.
An explosion and fire occurred on the HMM Namu, a South Korean-operated vessel in the Strait of Hormuz. No casualties have been reported, and authorities are investigating the cause.
North Korea has completed a memorial in Pyongyang dedicated to soldiers killed while fighting in Russia's war against Ukraine, state media reported Monday. According to the state-run [North] Korean Central News Agency, a ceremony marking its completion was held the previous day, attended by the country's leader Kim Jong-un and visiting senior Russian officials including Defense Minister Andrei Belousov and Vyacheslav Volodin, speaker of Russia's State Duma, the lower house of parliament.
DeepSeek offers a 75% discount on its V4 Pro model and reduces input cache hit fees across its product lineup to about one-tenth of the previous level, aiming to attract large numbers of corporate and developer customers.
Buckingham Palace is reviewing whether a shooting in the United States could affect King Charles III’s upcoming visit, with discussions underway with U.S. counterparts.
U.S. Defense Department officials discussed the possibility of suspending Spain’s membership in NATO, Reuters reported, reflecting frustration over Spain’s lack of cooperation during the Iran war.
President Donald Trump’s extension of a ceasefire with Iran, combined with optimism about corporate earnings, helped lift U.S. stocks to a strong finish on April 22. While Middle East tensions have not fully eased, investors focused more on the ceasefire holding and signs of improving profits than on the immediate risk of a wider war.
South Korea's economy expanded 1.7% in Q1 2026, driven by a surge in semiconductor exports, marking the fastest growth since 2021.
The prolonged Iran war and unresolved China tariff disputes are intensifying global economic instability.