The world’s moving fast this week. Here’s a quick rundown of the 5 biggest stories you should know about:
1. US-Iran Tensions Heat Up Again
The Iran war is back in focus. Reports say the US is considering new strikes on Iran while negotiations are still ongoing. Trump also said he won’t let Iran have uranium, and postponed a planned AI order to focus on the conflict. Meanwhile, 27 countries are asking the World Bank for funding as the war disrupts global energy supplies.
2. Major Accidents in China and the US
A coal mine explosion in China killed 82 people, with 9 still missing. In California, 40,000 people were evacuated after a chemical tank leak threatened a massive explosion at an aerospace plastics facility.
3. SpaceX Starship Explodes During Test
Elon Musk’s SpaceX Starship exploded during splashdown in the Indian Ocean on May 23. The setback comes as banks compete to lead the company’s upcoming IPO, which is targeting a valuation of over $2 trillion.
4. Immigration Crackdown in the US
Immigration arrests in New York are up 71% since Trump’s takeover. Between Jan 20, 2025 and Mar 10, 2026, ICE arrested 5,567 people in the NYC area. Trump also appointed ex-CIA officer Aaron Lukas as acting US Intelligence Chief.
5. Diplomacy and Fuel Prices Shift
UN Nuclear Treaty talks ended without a deal due to US-Iran disputes. In India, fuel prices rose again – petrol up 87 paise, diesel 91 paise, and CNG rates increased too. US Secretary of State Marco Rubio wrapped up a visit to Kolkata and Delhi, marking the first US secretary visit to Kolkata in 14 years.