World Bank sanctions USD 55m loan for Nepal road, bridge upgrade

India on Thursday welcomed Nepal's successful elections, with Prime Minister Narendra Modi congratulating Rabi Lamichhane and Balendra Shah on their victory, signalling a fresh chapter in the bilateral relationship between the two neighbouring nations.

The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it has "a broad bank of targets."

He said that Iran was paying a big price for inflicting 47 years' worth of damage to the world.

Addressing a gathering in Kentucky, Trump said, "I'm pleased to report that earlier today, the International Energy Agency agreed to coordinate the release of a record 400 million barrels of oil from various national petroleum reserves around the world, which will substantially reduce the oil prices, as we end this threat to America and this threat to the world."

US President Donald Trump on Wednesday reiterated his stance on cutting trade with Spain over the NATO ally's refusal to allow the use of its military bases for operations linked to the war with Iran.