World News

China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410 tonnes. This move aims to reduce reliance on US dollar assets amid rising geopolitical and financial risks, with private demand for gold also soaring as households seek secure savings options.

US President Donald Trump has accused NATO allies of cowardice for failing to assist in reopening the Strait of Hormuz, a critical route for global oil supplies. Tensions escalated following Spain’s denial of access to US military bases, prompting speculation over US reassessment of NATO relations.

Israel has issued evacuation orders for seven towns in southern Lebanon, urging residents to relocate amid escalating tensions with Hezbollah, which it accuses of breaching a US-brokered ceasefire. Contrary to these claims, Hezbollah says its actions are justified responses to continuous Israeli violations.

Iran’s Foreign Minister Abbas Araghchi has departed Islamabad for Moscow, as confirmed by the Iranian Ministry of Foreign Affairs. He is scheduled to meet with senior officials to discuss ongoing diplomatic efforts, amidst uncertainty regarding the resumption of direct talks with the United States.

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