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World

Fire Engulfs Gaza Refugee Camp After Israeli Strike Hits Displacement Tents

A fire broke out at Gaza's Al-Ansar refugee camp following an Israeli military strike that hit tents housing displaced Palestinians, according to video footage and reports from the enclave. The incident highlights the precarious conditions facing hundreds of thousands of Palestinians who have been forced from their homes during the ongoing conflict, now seeking shelter in makeshift camps across the territory.

Oil Surges Past $100 Despite Record Reserve Releases as Iran Escalates Strait of Hormuz Attacks

Oil prices have climbed above $100 per barrel for the first time in months, defying coordinated efforts by major economies to flood markets with strategic reserve releases. The surge comes amid escalating Iranian attacks on commercial vessels in the Strait of Hormuz, the narrow waterway through which nearly one-fifth of global oil supplies pass daily. Market analysts warn that geopolitical tensions are now outweighing supply-side interventions, raising concerns about energy security heading into the winter heating season.