South Korea explores Arctic shipping route
Taiwan has raised its defense spending to a record exceeding $35 billion, as international tensions continue. China has called on the United States to lift tariffs on drones. Meanwhile, the rising oil price, which reached $93—its highest in 21 days—has sparked inflation concerns and economic impacts on Europe. At the same time, the dollar's value has fallen to its lowest in three months due to U.S. Treasury efforts to calm the bond market.
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