'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs
Video Credit: Oneindia - Duration: 03:03s - Published
'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs
As global stock markets reel from a historic downturn—fueled by U.S. tariffs and heightened recession fears—Saudi Arabia stands out as an unexpected outlier.
On Monday, the Tadawul All Share Index (TASI) climbed 0.67%, closing at 11,191.20, up from 11,077.19 a day earlier.
The gain comes despite a worldwide stock sell-off triggered by economic uncertainty.
The positive momentum in Saudi markets is being linked to Saudi Aramco’s strategic decision to slash oil prices by $2.30 per barrel, boosting investor confidence and projecting increased global demand for Saudi crude.
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At least 68 killed in US strike on prison holding migrants, Yemen's Houthis say
The strike in Yemen's Saada governorate, a Houthi stronghold, is the latest incident in the country's decade-long war against African migrants who risk crossing Yemen for a chance to work in Saudi Arabia.
READ MORE : http://www.euronews.com/2025/04/28/at-least-68-killed-in-us-strike-on-prison-holding-migrants-yemens-houthis-say
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Credit: euronews (in English) Duration: 01:06Published
After a deadly attack in Kashmir that killed 26 people, China has urged India and Pakistan to show restraint and seek peaceful resolution. Chinese Foreign Minister Wang Yi stressed that conflict benefits no one, offering Beijing's support for de-escalation. Iran and Saudi Arabia have also stepped in, offering to mediate between the two rivals. As hostilities rise, India has expelled diplomats, suspended treaties, and closed borders, while Pakistan retaliated with its own measures. Global concern is growing over the threat of escalating conflict in South Asia.
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A massive explosion at Iran’s Shahid Rajaee Port has triggered a devastating fire, putting the entire strategic facility at risk. The death toll has climbed to 14, with over 750 injured, as firefighters battle to control the inferno. Officials warn of dangerous chemical leaks contaminating the air, prompting a public health emergency in Bandar Abbas. Global leaders, including Russia and Saudi Arabia, have offered aid. Investigations are ongoing, with poor chemical storage suspected, but sabotage fears loom large. The situation remains volatile as night falls over the blazing port.
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Following the deadly Pahalgam terror attack, Iran has offered to mediate between India and Pakistan to de-escalate tensions. Saudi Arabia's foreign minister also.. IndiaTimes
India is intensifying diplomatic pressure on Pakistan following the Pahalgam attack, seeking international support to address cross-border terrorism. Numerous.. IndiaTimes
Russian President Vladimir Putin has declared Victory Day the most important holiday for most former Soviet republics, stressing that the defeat of Nazism is a shared legacy. In his speech, Putin emphasized how this day connects the countries that were once part of the Soviet Union, marking their collective triumph over the Nazi regime. The Russian leader reaffirmed the importance of commemorating the immense sacrifices made during WWII while highlighting the ongoing significance of this historical victory in today's geopolitical landscape.
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Russian President Vladimir Putin has called for a global effort to combat Nazism, Russophobia, and Anti-Semitism, stressing that Russia, having paid an enormous price in the fight against Nazi Germany, cannot allow the resurgence of such ideologies or global Domination attempts. Speaking with historical weight, Putin warned that manifestations of hate and supremacy must be actively countered. The message, issued on the eve of Victory Day commemorations, reinforces Russia’s positioning on the global stage amid ongoing geopolitical tensions and rising concerns about nationalism and hate-fueled violence worldwide.
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US President Donald Trump made waves on April 27, claiming that Ukrainian President Volodymyr Zelensky is ready to give up Crimea, a statement that contradicts Ukraine’s position on the Russian-occupied territory. This came after their first in-person meeting at the Vatican following a tense argument in the Oval Office in February. Trump also discussed China tariffs and the controversial death of Jeffrey Epstein accuser Virginia Giuffre, making it a loaded press interaction that further fuels international tensions.
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US President Donald Trump has pledged to remain engaged in the Ukraine peace process, according to Estonian President Alar Karis. During a conversation at Pope Francis' funeral, Trump told Karis that a deal between Kyiv and Moscow was "quite close." Trump also met with Ukrainian President Zelensky shortly before the funeral. The talks were focused on ensuring continued transatlantic relations and the need for further engagement in resolving the conflict. Meanwhile, Trump expressed frustration over Russia’s missile attacks on Ukrainian cities, calling them unjustified.
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Russia says it has reclaimed Kursk region, while Ukraine says fighting continues
The news comes as US President Donald Trump and Ukrainian President Volodymyr Zelenskyy met in Vatican City on the sidelines of the pope's funeral to discuss a potential ceasefire deal.
READ MORE : http://www.euronews.com/2025/04/26/russia-says-it-has-reclaimed-kursk-region-while-ukraine-says-fighting-continues
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Credit: euronews (in English) Duration: 01:00Published
Ukraine and Russia launch drone attacks as Kyiv dismisses Putin's three-day truce
A 12-year-old girl was killed and three others injured in a Russian drone strike on Ukraine's Dnipropetrovsk region, local officials said.
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Credit: euronews (in English) Duration: 01:20Published
In a powerful statement at the UN, Russia's Deputy Permanent Representative, Maria Zabolotskaya, condemned Western countries for their "double standards" in addressing the global refugee crisis. Highlighting the devastating impact of the Gaza conflict, she criticized the reluctance of Western nations to provide sufficient humanitarian aid to refugees, particularly those fleeing from war-torn regions like Syria, Afghanistan, and Sudan. Zabolotskaya also pointed out the hypocrisy in Western countries voicing concern over Ukrainian refugees while ignoring the plight of those seeking asylum in Russia. She called out the EU's failure to provide adequate support to refugees, especially those crossing the Mediterranean, and the deadly consequences of this inaction. With lives at stake and no accountability, the international community must confront the moral and legal crisis unfolding before our eyes.
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