GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...

PAKISTAN’S MINISTRY OF ECONOMIC AFFAIRS CLAIMED THAT ITS OFFICIAL X (FORMERLY TWITTER) ACCOUNT HAD BEEN HACKED AFTER A POST WAS SHARED APPEALING FOR INTERNATIONAL LOANS DUE TO ESCALATING TENSIONS WITH INDIA. (PHOTOS).


 On Friday, Pakistan’s Ministry of Economic Affairs claimed that its official X (formerly Twitter) account had been hacked after a post was shared appealing for international loans due to escalating tensions with India. 

The post, which quickly went viral, stated that the country needed help after “heavy losses inflicted by the enemy” and urged global partners to support de-escalation efforts. However, ministry officials told Reuters the post was unauthorized and that they were working to regain control of the account.


The timing of the alleged hack raised eyebrows, as Pakistan’s economy is already under severe stress. The country owes around $8.8 billion to the International Monetary Fund (IMF), making it one of the IMF’s largest debtors. Moody’s, a global credit rating agency, also warned earlier this week that any sustained conflict with India could threaten Pakistan’s economic recovery, fiscal targets, and overall stability.


The tensions come in the wake of India’s military operation called Operation Sindoor, launched in response to a deadly terror attack in Pahalgam on April 22. The Indian armed forces targeted nine terror infrastructure sites across Pakistan and Pakistan-occupied Kashmir on May 7. In retaliation, Pakistan attempted large-scale drone and missile strikes, which were neutralized by India’s defence systems.


India’s Defence Minister Rajnath Singh assured citizens that the country is prepared to defend its sovereignty at all costs. He emphasized India’s preference for peace and dialogue but warned that any provocation would be met with strong, responsible action. The situation remains tense as both nations await further diplomatic and military developments.

One more photo below.


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