Tensions are escalating between Washington and Riyadh.

The US-based business magazine Fortune said the war in Ukraine has created a ripple effect in world markets.

China accuses the US of creating the current crisis in Ukraine, saying Washington is the main beneficiary of the turmoil.

The EU says the bloc has to brace itself for a “triple crisis,” which Russia denies having any role in creating.

UN Secretary General Antonio Guterres warns of a global food crisis as the West's anti-Russia stance is creating "obstacles" to the flow of Russian food products and fertilizers to the world.

The African country, home to 45 million people, is also dealing with a severe economic crisis and an inflation reaching 400 percent.

A continent-wide heat wave has swept Europe resulting in a historic drought situation in France, England and putting Rhine River on the brink of drying up.

Oil minister Owji says Iran is ready to pump more oil as he warns of a global energy crisis this winter.

Italian Prime Minister Mario Draghi has resigned after his coalition government imploded.

Italian Premier Mario Draghi has won a confidence vote in the parliament, but the government crumbled when three large parties of his main coalition partners snubbed a confidence by mass abstentions, virtually dooming any prospects for the embattled premier’s unity government’s survival.