Saturday, 17 October 2026
Energy and war pressed together on Friday, 16 October. Oil rose above $110 for the first time since May, Bloomberg reported, and diesel and ship-fuel markets remain tight despite emergency stock releases. At the EU summit in Brussels, leaders struggled to agree on cutting energy prices, and Ursula von der Leyen said the EU will take six measures, including releasing 100 million barrels of oil over the next four months, according to Politika.
Donald Trump attacked Volodymyr Zelensky over Ukraine's renewed strikes on Russian refineries, while EU leaders in Brussels backed Kyiv. Russian drones killed three people in Ukraine, and over a million consumers lost power at some point, the energy ministry says. Trump told Newsmax the US may have to strike Iran's Pickaxe Mountain nuclear site, and Iran's military reported a tanker on fire in the Gulf of Oman. In Yemen, Houthi missiles hit the government's palace in Aden on Thursday and killed five. In Ethiopia, Prime Minister Abiy Ahmed's office announced a federal interim administration for Tigray and promised elections within six months.
Chinese authorities proposed adding 40 technologies, 23 of them AI-related, to export controls, with public comment open until 15 November. Worries about debt-funded AI spending hit CoreWeave shares and bonds, and big US bank shares are on course for their worst weekly losing streak since 2008. Indonesia's Jakarta Composite Index fell more than 11% after MSCI said it is considering a downgrade of the country's market status.
Less noticed abroad, a classroom roof collapsed in Peshawar on Thursday. The New York Times counts 32 children and a teacher dead, Al Jazeera at least 34 children and a teacher, and Pakistan has ordered safety checks of schools in Khyber Pakhtunkhwa. Watch tomorrow whether an online call for a school protest in France on Saturday materialises, as Le Monde says that is unclear.
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Donald Trump attacked Volodymyr Zelensky over Ukraine's renewed strikes on Russian refineries, while EU leaders in Brussels backed Kyiv. Russian drones killed three people in Ukraine, and over a million consumers lost power at some point, the energy ministry says. Trump told Newsmax the US may have to strike Iran's Pickaxe Mountain nuclear site, and Iran's military reported a tanker on fire in the Gulf of Oman. In Yemen, Houthi missiles hit the government's palace in Aden on Thursday and killed five. In Ethiopia, Prime Minister Abiy Ahmed's office announced a federal interim administration for Tigray and promised elections within six months.
Chinese authorities proposed adding 40 technologies, 23 of them AI-related, to export controls, with public comment open until 15 November. Worries about debt-funded AI spending hit CoreWeave shares and bonds, and big US bank shares are on course for their worst weekly losing streak since 2008. Indonesia's Jakarta Composite Index fell more than 11% after MSCI said it is considering a downgrade of the country's market status.
Less noticed abroad, a classroom roof collapsed in Peshawar on Thursday. The New York Times counts 32 children and a teacher dead, Al Jazeera at least 34 children and a teacher, and Pakistan has ordered safety checks of schools in Khyber Pakhtunkhwa. Watch tomorrow whether an online call for a school protest in France on Saturday materialises, as Le Monde says that is unclear.
Important today

Trump says US may strike Pickaxe Mountain as Iran reports tanker fire in Gulf of Oman

Trump rebukes Zelensky over refinery strikes as EU backs Kyiv

Russian strikes cut power to over a million Ukrainians; Ukrainian drones hit Russian sites

Houthi missiles kill five in Aden as Taiz siege nears

AI borrowing fears spread from CoreWeave to chips and US banks

Oil tops $110 while diesel and ship fuel stay tight

Bystander stops Oregon school shooting that killed three children and a teacher

China proposes export controls on 40 technologies in AI, biotech and solar

Ethiopia installs interim Tigray administration after army pushes back TPLF

Pakistan orders school inspections after Peshawar roof collapse

Indonesia to accept foreign help after four die fighting worst fires in a decade

Central banks push back on rate-hike bets as Warsh gives no October signal
All stories
Global · 8
- Oil tops $110 while diesel and ship fuel stay tight
- AI borrowing fears spread from CoreWeave to chips and US banks
- Central banks push back on rate-hike bets as Warsh gives no October signal
- IMF chief urges AI safeguards as banks and Tencent rein in agents
- Dmitriev says Russian wealth fund will work with US on payment for diesel deal
- Trump says US is in nuclear arms talks with Russia and China as Beijing rejects joining
- IMF urges Europe to grow faster or borrow less after bond turmoil
- Israeli ad firm's ad-delivered spyware drew fresh scrutiny
Middle East · 6
- Trump says US may strike Pickaxe Mountain as Iran reports tanker fire in Gulf of Oman
- Houthi missiles kill five in Aden as Taiz siege nears
- Settlers beat Washington Post photographer in West Bank olive harvest attacks
- Israel halts commercial goods into Gaza as UNICEF warns malnutrition gains are fragile
- Rubio presses Lebanon over Hezbollah's seized explosives
- Istanbul flood toll rises to four with five missing
Europe · 16
- Trump rebukes Zelensky over refinery strikes as EU backs Kyiv
- Russian strikes cut power to over a million Ukrainians; Ukrainian drones hit Russian sites
- Search resumes for seven missing sailors after Black Sea drone attack
- France and Germany soften 2035 combustion ban in exchange for 'Made in EU' rules
- EU leaders back new trade instrument against China as Beijing warns of response
- Albanian protests spread beyond Tirana as injuries mount
- French police accused of war-like injuries to teenagers as school protests spread across Europe
- EU leaders struggle to agree on cutting energy prices as von der Leyen outlines six measures
- ECB approves UniCredit taking control of Commerzbank
- Pope Leo urges Putin to agree to ceasefire in Oleshky as Putin backs Vatican aid
- Italy extends Schengen suspension with Spain after Ceuta influx
- Hungary and Ukraine agree to reset ties as EU leaders back merit-based enlargement
- Norwegian teenager jailed for 20 years over Iran-linked murder plot in UK
- Pope Leo to appear in public on Sunday after lung cancer surgery
- Rome prosecutors name Israeli minister Katz in Gaza flotilla torture probe
- Putin puts more European firms' Russian assets under temporary management
Asia · 10
- China proposes export controls on 40 technologies in AI, biotech and solar
- Pakistan orders school inspections after Peshawar roof collapse
- Indonesia to accept foreign help after four die fighting worst fires in a decade
- Indonesian stocks plunge after MSCI warns of downgrade
- Indian police detain Cockroach Janta Party founder before Delhi protest
- Philippines condemns Chinese envoy's 'thinly veiled threat' over use of force
- China and North Korea open border bridge as analysts doubt trade boost
- Taiwan to curb AI chip exports to China under US trade deal
- Pakistan's parliament endorses emergency rule in Khyber Pakhtunkhwa
- China criticises Japan after Takaichi hints at exceptions to non-nuclear principles
North America · 4
Africa · 5
- Ethiopia installs interim Tigray administration after army pushes back TPLF
- Many feared dead after petrol tanker explodes at Benin City market
- UN demands end to Sudan drone attacks after deadly strike on goldminers
- Mauritius extends curfew amid its worst unrest in decades
- Kenya confirms third Ebola case as Africa CDC flags unaccounted Congo funds
South America · 2
Geopolitics · 35
- Trump says US may strike Pickaxe Mountain as Iran reports tanker fire in Gulf of Oman
- Trump rebukes Zelensky over refinery strikes as EU backs Kyiv
- Russian strikes cut power to over a million Ukrainians; Ukrainian drones hit Russian sites
- Houthi missiles kill five in Aden as Taiz siege nears
- Bystander stops Oregon school shooting that killed three children and a teacher
- Ethiopia installs interim Tigray administration after army pushes back TPLF
- Pakistan orders school inspections after Peshawar roof collapse
- Indonesia to accept foreign help after four die fighting worst fires in a decade
- Many feared dead after petrol tanker explodes at Benin City market
- Search resumes for seven missing sailors after Black Sea drone attack
- Major hurricane Trudy strengthens as it nears Mexico's Pacific coast
- Settlers beat Washington Post photographer in West Bank olive harvest attacks
- Israel halts commercial goods into Gaza as UNICEF warns malnutrition gains are fragile
- Albanian protests spread beyond Tirana as injuries mount
- French police accused of war-like injuries to teenagers as school protests spread across Europe
- Bolsonaro keeps narrow lead over Lula ahead of Brazil run-off
- Trump says US is in nuclear arms talks with Russia and China as Beijing rejects joining
- Indian police detain Cockroach Janta Party founder before Delhi protest
- Pope Leo urges Putin to agree to ceasefire in Oleshky as Putin backs Vatican aid
- Philippines condemns Chinese envoy's 'thinly veiled threat' over use of force
- Carney warns US is trying to break Canada ahead of Alberta vote
- Italy extends Schengen suspension with Spain after Ceuta influx
- UN demands end to Sudan drone attacks after deadly strike on goldminers
- China and North Korea open border bridge as analysts doubt trade boost
- Rubio presses Lebanon over Hezbollah's seized explosives
- Hungary and Ukraine agree to reset ties as EU leaders back merit-based enlargement
- Pakistan's parliament endorses emergency rule in Khyber Pakhtunkhwa
- Norwegian teenager jailed for 20 years over Iran-linked murder plot in UK
- Istanbul flood toll rises to four with five missing
- Pope Leo to appear in public on Sunday after lung cancer surgery
- Rome prosecutors name Israeli minister Katz in Gaza flotilla torture probe
- Nineteen countries condemn Colombia's Jerusalem embassy move
- Mauritius extends curfew amid its worst unrest in decades
- Kenya confirms third Ebola case as Africa CDC flags unaccounted Congo funds
- China criticises Japan after Takaichi hints at exceptions to non-nuclear principles
Economy · 12
- Oil tops $110 while diesel and ship fuel stay tight
- AI borrowing fears spread from CoreWeave to chips and US banks
- Central banks push back on rate-hike bets as Warsh gives no October signal
- Indonesian stocks plunge after MSCI warns of downgrade
- France and Germany soften 2035 combustion ban in exchange for 'Made in EU' rules
- EU leaders back new trade instrument against China as Beijing warns of response
- Dmitriev says Russian wealth fund will work with US on payment for diesel deal
- EU leaders struggle to agree on cutting energy prices as von der Leyen outlines six measures
- IMF urges Europe to grow faster or borrow less after bond turmoil
- ECB approves UniCredit taking control of Commerzbank
- US budget deficit nears $2 trillion
- Putin puts more European firms' Russian assets under temporary management