The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.
The market’s verdict has been swift and unforgiving. Brent crude futures rocketed to $119.50 per barrel – the highest since mid-2022 – while West Texas Intermediate (WTI) hit $119.48, capping a blistering 25 per cent surge in days.
Police have indicated that the operation remains under review and that subsequent legal steps will rest on the findings from questioning and verification.
The Prevention of Electronic Crimes Act still uses the term “child pornography” for child sexual abuse material – an outdated phrasing that can minimise the gravity of the crime.
Police have indicated that the operation remains under review and that subsequent legal steps will rest on the findings from questioning and verification.