The United States has made a significant decision to impose a 500% tariff on countries that purchase oil from Russia, a move that has sent shockwaves across the globe. This bold move, proposed by US Senator Lindsey Graham and backed by President Donald Trump, aims to restrict Russia’s energy exports and exert pressure on the country.
The new tariff bill, expected to be approved by the Senate within the next week, will have far-reaching consequences for countries like India, Brazil, and China. India, which already faces a 50% tariff on US imports, is likely to be the most affected. The Indian stock market has crashed following the news, with a loss of over 9 lakh crore rupees in just four days.
China and Brazil are also expected to feel the pinch of the new tariff. The move has sparked a heated debate, with Iranian Ambassador accusing the US of being “extremely provocative and irrational.” The Iranian government has maintained that its internal affairs are none of the US’s business.
In other news, Pope Francis has expressed concern over the increasing trend of countries adopting a policy of power over diplomacy. The Pope has emphasized the need for genuine diplomacy and dialogue between nations.
Meanwhile, a severe storm, “Gorietti,” has swept through Italy, causing widespread power outages and school closures. The Italian government has expressed hope that the storm will dissipate soon.
In a significant development, US President Donald Trump has announced that he will not go ahead with a planned military operation in Venezuela. The move has been welcomed by the Venezuelan government.
The Bangladeshi interim government has suspended visa services for several countries, including India, citing security concerns. The decision has been made to ensure the safety of Bangladeshi citizens abroad.
In a separate development, Bollywood actor Abhishek Bachchan has partnered with producer Anand Pandit to launch a massive residential and commercial project in the Indian state of Gujarat. The project, which will be developed in collaboration with the Gujarat International Finance Tec-City (GIFT City), marks Bachchan’s foray into the real estate sector.
The Bureau of Immigration has released data showing that over 1 million Pakistanis have left the country to seek employment abroad in 2025. The figure marks a significant increase in the number of Pakistanis seeking work opportunities abroad.
Traffic police in various parts of the country have reported disruptions in traffic flow, with several key roads, including the Chaudhry Khalique Zaman Road, experiencing congestion.
In a significant business development, Bollywood actor Abhishek Bachchan has partnered with producer Anand Pandit to launch a massive residential and commercial project in the Indian state of Gujarat. The project, which will be developed in collaboration with the Gujarat International Finance Tec-City (GIFT City), marks Bachchan’s foray into the real estate sector.
The Turkish government has reportedly begun negotiations to join the Saudi-Pak defense alliance, with a possible agreement in the near future.
In a separate development, the Iranian government has criticized US statements on its internal affairs, calling them “interference and deception.”
