Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz. Published On 6 May 20266 May 2026 Saudi Arabia has posted a sharp rise in its budget deficit amid declining oil revenues due to the effective closure of the Strait of Hormuz. The kingdom’s budget shortfall widened to 125.7 … Read more
Prime Minister Benjamin Netanyahu may concede West Bank annexation in favor of advancing a normalization deal with Saudi Arabia, coalition officials told The Jerusalem Post on Tuesday. The officials, who spoke on condition of anonymity, shared fears that Netanyahu will use a delay in annexation as a compromise in attempts to sway Riyadh away … Read more
US President Joe Biden abandons his re-election bid and backs his vice president, Kamala Harris. It’s a historic move and a big political gamble. Joe Biden has dropped out of the US presidential race after weeks of mounting pressure for him to step aside. That leaves the Democratic Party with just a few months to … Read more
Thousands of Palestinians from the southern Gaza Strip gathered at the shore after aircraft dropped food aid. Despite some of the aid dropped on Tuesday landing in the sea, people waded into the water to try to retrieve it while others boarded small boats. Residents of the Gaza Strip, totalling about 2.3 million, face dire … Read more