Lava Consumes Homes in Grindavik, President Addresses Nation
January 16, 2024
In a televised address late Sunday, Iceland’s President, Gudni Th. Johannesson described the country as facing “tremendous forces of nature” as molten lava from a volcano in the southwest of the island engulfed several houses in the evacuated town of Grindavik. While scientists suggested on Monday that the eruption seemed to be subsiding, it was […]
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Oil Prices Hold Steady Amid Rising Tensions in the Red Sea and Global Economic Uncertainty
January 16, 2024
In the ever-volatile world of oil markets, prices remained relatively steady as tensions escalated in the Red Sea due to continued Houthi attacks on ships. Despite the geopolitical risks associated with the Middle East, other global economic factors and the strengthening dollar played a role in keeping oil prices from surging. The global benchmark Brent […]
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