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Iran is exporting record oil, EU debates capital markets, IMF warns on US deficit. AI requires massive electricity but global supply is strained.
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- AI's electricity demand for functioning poses a threat to global power supply
- EU faces opposition from smaller member countries in consolidating capital markets under Brussels' oversight
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Iran's Growing Oil Exports to China Shielded from Western Sanctions
Iran's oil exports have reached a six-year high in the first quarter, averaging around one-and-a-half million barrels a day. Most of these exports were directed to China, protecting Iran from Western sanctions. This highlights the challenge Western countries face in pressuring Iran economically, particularly after Tehran's military actions against Israel.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode