Strategic oil inventories have reached a 40-year low, and experts warn their continued depletion could damage the underground caverns where the reserves are stored. Last week, the Strategic Petroleum Reserve (SPR) plunged below 300 million barrels for the first time since the 1980s, when the reserves were being filled, according to the Department of Energy.
A proposal slated by Pauline Hanson to allow Australians to withdraw more from their superannuation would “decimate” the retirement income of millions of Australians, Treasurer Jim Chalmers warned this morning. “[Superannuation] is a really important part of our economic security and retirement incomes for Australian workers,” Chalmers told Seven’s Sunrise. Federal Treasurer Jim Chalmers.Alex Ellinghausen
President Donald Trump has threatened to bomb Oman – a US ally – if it “gets in the way” of his administration’s own talks with Iran, Fox News reports. A reporter for the network said the US president made the comment during a phone call on Monday, during which he also said the US had
In the hills of Emilia-Romagna, a bank vault holds more than half a million wheels of Parmigiano Reggiano, worth well over 300 million euros. The vault belongs to the bank Credito Emiliano, known colloquially as Credem, which has long accepted young wheels of Parmigiano Reggiano as collateral for loans to local dairy farms since 1953.
It remains unclear exactly why tens of thousands of migrants attempted to cross into Ceuta, but the EU’s Migration Commissioner Magnus Brunner has suggested criminal networks spreading disinformation were to blame – an assertion the Spanish government has agreed with. The crossings came after Spain’s Supreme Court ruled that migrants stopped at sea while trying
Cornyn and Tillis want Blanche, who previously served as Trump’s personal lawyer, to state in writing that the Justice Department will not resurrect the fund later on. The Trump administration has not announced such a commitment. Tillis responded to Trump on X on Saturday, writing: “Despite comments as late as yesterday that the fund is