Jeff Bezos announces USD 791 million in grants to 16 groups fighting climate change

US President Donald Trump suggested a temporary waiver of certain oil sanctions to curb soaring energy prices. He noted the US Navy could escort tankers through the Strait of Hormuz if necessary. This follows recent Treasury sanctions on Iran's "shadow fleet" used to fund military programmes.

Amid the developing security situation in West Asia, Pakistan could see its monthly oil import bill soar to a whopping USD 600 million, the country's Finance Minister Muhammad Aurangzeb said on Sunday, as reported by Dawn. Already reeling under economic stress, the country's Petroleum Minister Ali Pervaiz Malik said that they would request the International Monetary Fund for relief in the petroleum levy.

US President Donald Trump on Saturday (US local time) claimed that the United States had wiped off the entire leadership in Iran and called the actions as getting rid of a major 'cancer' off the face of earth. When asked whether the United States was responsible for the bombing of an elementary girls' school in Iran, Trump flat out denied the allegations and instead called Iran of bombing the school slating inaccuracy of Iranian weapons as a reason.

The University of Chicago has honoured Professor Krishnamurthy V. Subramanian with the Alumni Award for Professional Achievement. He is the first Indian economist to receive the 85-year-old distinction, recognised for his "landmark" policy work and leadership in India during the COVID-19 crisis and global economic uncertainty.

"If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States' ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH - More actions to come. Thank you for your attention to this matter!" the US President said.