Russia launched what Ukrainian officials call its largest drone assault over two days since the war began, targeting Kyiv as the main focus alongside other cities. President Volodymyr Zelenskiy said damage spread across roughly 20 locations in Kyiv and the surrounding region. Officials reported at least three deaths in Kyiv and around 40 injuries, including two children.
Iran is grappling with deep economic strain as war pressure and US sanctions intensify. Prices for essentials like food and medicine have soared, while job losses and business closures spread. The currency has devalued sharply, pushing inflation and poverty onto ordinary households. Officials now ask citizens to endure for the war effort despite worsening daily conditions.
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Israeli Prime Minister Benjamin Netanyahu says the US-Israeli war against Iran cannot be considered over until Iran’s stockpile of enriched uranium is “taken out.” In an interview, he added that other war aims remain unfulfilled, signalling no immediate resolution despite the ongoing conflict. The comments intensify pressure on the nuclear issue as a key condition for any pause.
Ukraine has significantly increased medium range drone strikes aimed at Russian logistics, troop concentrations, and air defenses located dozens of kilometers behind the front lines. The tempo has more than doubled since March, reflecting a push to disrupt supply chains and erode Russia’s ability to sustain operations while Kyiv expands its domestic defense capabilities.
Hezbollah has introduced small fiber-optic, wire-controlled drones in the latest clashes with Israel, focusing on northern areas. Unlike conventional drones vulnerable to electronic jamming, these “dental floss” cables keep control linked to the operator, making interception far harder. The technology has reportedly been used in the war in Ukraine, raising concerns about a new escalation.
Ukraine says it has stepped up attacks inside Russia, targeting oil refineries, depots and ports that it says fund Moscow’s war. The reported strike reaches about 1,500 km into Russian territory, as global fuel prices rise amid tensions involving Iran. Kyiv’s goal: disrupt Russia’s biggest revenue stream and strain its ability to sustain the conflict.
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Iran has suspended exports of steel slabs and sheets until May 30, blaming war-linked strikes that damaged key steel facilities. The delay threatens export earnings and risks ripple effects across construction and automotive demand. While imports may help stabilize supply, getting full production back online could take up to a year, with possible job losses and inflation pressures.
Ukrainian local authorities issued a mandatory evacuation order for families with children in Pokrovsk, an eastern city that still has about 53,000 residents. Officials say Russian forces are moving so quickly that parents and children must leave the city and nearby areas. The order raises urgent questions about protection, logistics, and remaining civilian access.
Iran’s “resistance economy” is being hit hard by the US Israel war, with mounting economic pressure showing up in higher food prices and weakening social development indicators. As markets and institutions face the risk of deeper damage, Iran may be pushed toward drastic moves that could spark violent escalation—or force a new regional understanding.
RBI Governor Shaktikanta Das says the ongoing war has driven inflation far beyond national borders, effectively globalising price pressures. He noted that countries are being hit simultaneously as disruptions ripple through trade, energy, and supply chains. The warning underscores the challenge for policymakers to control inflation when shocks originate elsewhere.
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