As the Israel-Iran conflict escalates, its effects are rippling beyond diplomacy and military affairs, directly impacting global trade and oil prices. The Strait of Hormuz, a critical maritime passage that connects the Persian Gulf with the Arabian Sea, is once again at the center of attention. In 2023, nearly 21 million barrels of oil passed through the strait daily, representing about 20% of global petroleum liquids consumption. Any disruption in this corridor could cause dramatic shifts in

President Donald Trump returned to Washington in the early hours of Tuesday, following an abrupt departure from the Group of Seven (G7) summit in Canada. The move came as tensions continue to escalate between Israel and Iran. Trump, who had initially planned to remain for the summit’s entirety, decided to leave after dinner with other world leaders, citing the urgency of the Middle East situation. Speaking to reporters aboard Air Force One from Calgary, Trump dismissed Fr

The G7 Summit is an annual meeting of leaders from seven of the world’s largest and most advanced democratic economies. These include the United States, the United Kingdom, Canada, France, Germany, Italy, and Japan. The European Union also takes part in the discussions as a non-enumerated participant. Together, these nations represent a small portion of the world’s population but command nearly one-third of the global GDP, giving them substantial i

Prime Minister Narendra Modi has arrived in Calgary, Canada, to attend the 51st G7 Summit, currently taking place in Kananaskis, Alberta. His visit to Canada follows a diplomatic engagement in Cyprus, where he was hosted by President Nikos Christodoulides. The summit comes at a crucial time as global geopolitical tensions escalate, especially due to ongoing hostilities between Israel and Iran, and the continuing Russia-Ukraine conflict.