Biden announces release of 15 million barrels of emergency reserve oil

President Joe Biden has announced he will release 15 million barrels of oil from America’s emergency Strategic Petroleum Reserve, a move analysts say is intended to show voters in next month’s midterm elections that he is concerned about high gas prices, USA Today reports.

Fire, Shootings At Iran Prison Kills Four

A fire at one of Iran’s most notorious prisons where Christians and political activists are among inmates has killed at least four people and injured 61 others, Iranian authorities acknowledged Sunday.

British Chancellor Sacked After Disastrous Tax Plan

Britain’s embattled Prime Minister Liz Truss fired her Finance Minister Kwasi Kwarteng on Friday and deleted parts of their economic package in a desperate bid to stay in power and reassure markets after financial turmoil.

Egypt to take over development of Gaza’s off-shore gas field

There are plans in the making for Egypt to take over the development of Gaza’s offshore natural gas field, a move that would stimulate the weak Palestinian economy, i24 News reports. The Gaza Marine field is believed to hold over 1 trillion cubic feet of natural gas, well over what is needed to supply Palestinian territories, and could therefore be a potentially lucrative source of export.

NASA technology could be used to charge EVs in five minutes

Researchers announced earlier this month that NASA technology developed for the International Space Station could also be used to charge electric vehicles on earth in as little as five minutes, Business Insider reports.

Israel Poll: Netanyahu Would Have 61 Seats to Form Coalition

The latest poll shows that if the election for the Knesset were held today, the bloc led by Former Prime Minister Benjamin Netanyahu would win 61 seats, just enough to form a government. The center-left bloc headed by Prime Minister Yair Lapid would have 55 seats.

OPEC+ announces major cut in global oil supplies

OPEC+ has announced a significant cut in global oil supplies ahead of European Union embargoes on Russia energy and in time for the peak winter season, Reuters reports. Exacerbating concerns about soaring inflation, the move is expected to push up the price of gasoline again.

China establishes extraterritorial policing of its citizens abroad

A new report by the Safeguard Defenders human rights NGO reveals that China’s ruling Chinese Communist Party (CCP) has set up a worrying global policing program, including the establishment of police stations in New York City and Toronto, through which to establish extraterritorial control of citizens suspected of fraud and telecom crimes.

G7 Calls For Price Cap On Russian Oil

Finance ministers of the wealthy Group of Seven (G7) industrialized nations want a price cap on Russian oil to prevent Moscow from profiting from its war against Ukraine.

Worthy Christian News