The Abu Dhabi project will pair 5.2GW of solar with 19GWh of battery storage in an ambitious effort to deliver 1GW of continuous renewable electricity. ABU DHABI — Masdar has reached financial close on a $6.1 billion solar and battery storage project in Abu Dhabi designed to deliver renewable electricity
Trump’s abandoned Hormuz toll proposal underscores a larger reality: control of the world’s strategic maritime arteries is becoming one of the defining geopolitical and defense challenges of the 21st century. A Proposal That Revealed a Bigger Trend Donald Trump’s proposal to charge vessels for transiting the Strait of Hormuz lasted
WASHINGTON — President Donald Trump has dramatically reversed course on his proposal to charge ships transiting the Strait of Hormuz, abandoning a plan announced just 24 hours earlier that would have imposed one of the most sweeping new levies ever proposed on global maritime commerce. In a lengthy post on
The proposed 20% transit fee could add tens of millions of dollars to a single oil shipment, sending energy markets higher and raising new questions over international maritime law. Proposed Toll Sends Shockwaves Through Global Shipping President Donald Trump’s proposal to impose a 20 percent fee on cargo passing through
As Washington leans harder on Europe over Iran, Ukraine, Russia and China, the president’s remarks about Greenland are again testing the trust of one of America’s most loyal allies. When President Donald Trump said during the NATO Summit that “Greenland is a problem for us,” he was right. Just not
The latest American strikes mark a sharp escalation in the renewed fight over the Strait of Hormuz, with Iran responding by targeting U.S.-aligned Gulf states. A New Round of U.S. Strikes The United States carried out a new wave of strikes inside Iran this week, deepening a military confrontation that
Ankara summit shifts from spending pledges to concrete capability investments, signaling a new phase in NATO’s military modernization ANKARA — NATO leaders opened their summit in Ankara by unveiling approximately $50 billion (€43 billion) in new multinational defense procurement contracts, marking one of the alliance’s largest coordinated capability investments in
The attack near Oman came as Tehran warned it could abandon negotiations with Washington, adding new uncertainty to efforts to contain maritime escalation. A commercial tanker was struck by an unknown projectile near the Strait of Hormuz, setting off a fire and sharpening concerns over the stability of U.S.-Iran talks
A new U.S. approach to global health assistance is drawing scrutiny from several African governments over data access, domestic spending commitments, and links to broader strategic interests. A New Model for U.S. Health Assistance Several African governments are raising concerns over new U.S. health aid agreements advanced by the Trump
European Investment Bank reaffirms climate leadership after World Bank abandons financing target, exposing widening divisions across the multilateral system The world’s largest multilateral development banks are entering a defining moment over climate finance. Just days after the World Bank announced it was abandoning its long-standing target that 45 percent of
