International News
Ferrari’s First Electric Car Makes History With Record $40m Auction Sale
Ferrari’s first fully electric car, the Luce, has made automotive history after a bespoke version of the vehicle sold for a record $40 million at a charity auction in California.
The tailor-made Ferrari Luce “Chassis 0” was sold during Monterey Car Week on Saturday, becoming the most expensive new car ever sold at auction, according to collector car auction company RM Sotheby’s.
The winning bid was 36 times the car’s original estimate of $1.1 million.
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Ferrari USA celebrated the landmark sale in an Instagram post, saying, “The bids kept climbing. Then, history was made,” while describing the transaction as a new record for the highest-priced new car ever sold at auction.
The sale comes months after Ferrari unveiled the Luce in May. The electric model features a distinctive bubble-like design that differs significantly from the Italian automaker’s traditional angular styling and has received mixed reactions from some Ferrari enthusiasts.
Ferrari previously described the Luce as “a different sort of Ferrari for a different sort of Ferrari client.”
The Luce is powered by four electric motors, with one motor driving each of its four wheels.
The exclusive “Chassis 0” features a pearl-like semi-gloss finish with a personalised pigment that produces changing reflections ranging from green to violet when struck by light.
Its interior is equally distinctive, featuring Perla Le Mans metallic leather and black design elements against a predominantly white background.
Ferrari said proceeds from the record-breaking auction will go to The Ferrari Foundation to support educational initiatives.
Following the auction, the vehicle will return to Maranello, northern Italy, where it was built, before being delivered to the unnamed winning bidder in the first quarter of 2027.
Meanwhile, deliveries of the regular Ferrari Luce, priced at about €550,000 ($640,000), are expected to begin in the fourth quarter of 2026.
International News
Iran Strikes US Base, Targets 20 Vessels as Hormuz Crisis Deepens
Iran and the United States have exchanged fresh attacks in the Middle East, deepening their six-month-old conflict and raising fears of a wider disruption to global oil supplies.
Iran’s Islamic Revolutionary Guard Corps said on Wednesday that it had attacked 20 US vessels attempting to pass through the strategic Strait of Hormuz, a vital waterway that normally carries around a fifth of the world’s oil and liquefied natural gas.
The latest escalation came after US forces destroyed five Iranian oil tankers on Tuesday.
SEE ALSO: Crude Races Towards $100 as US Steps Hard on Iran
The US military said the strikes followed an Iranian attack on an American warship, the second reported attack on a US naval vessel in less than a week.
In retaliation, Iran’s Revolutionary Guards said they had launched missiles at the US Al-Azraq air base in Jordan.
Iranian state media reported that the attack damaged maintenance and repair facilities, deployment locations and shelters used for fighter jets.
Jordan’s army, however, said it intercepted 18 missiles launched from Iran towards the kingdom.
The latest confrontation has further intensified the standoff over the Strait of Hormuz, which Iran has largely controlled since the war began in February.
Traffic through the waterway has been virtually paralysed, with Tehran requiring vessels to obtain permission and pay transit fees before passing through the strait.
Iran threatens Gulf tankers
Iran has also threatened to target oil tankers operating near US allies Kuwait and Bahrain in retaliation for the American strikes on its vessels.
The Revolutionary Guards warned crews aboard oil tankers in the area to leave their ships, saying they “will be targeted.”
The warning has heightened concerns over the safety of commercial shipping and the possibility of further disruptions to energy supplies from the oil-rich Middle East.
Oil prices rose sharply amid the latest escalation, with Brent crude climbing to $99.46 per barrel in Asian morning trade.
West Texas Intermediate, the main US crude benchmark, also rose to $94.45 per barrel.
Rubio issues warning
US Secretary of State Marco Rubio warned that Iran would face further consequences if it continued attacking American naval vessels.
“Iran continues to try to hit US naval ships, and for every time they do that or try to do that, they’re going to lose tankers, and I think you’ll see that again today,” Rubio told reporters on Tuesday during a visit to Colombia.
Iranian media also reported that a US missile struck a tanker off the coast of Kharg Island, although no casualties were reported.
Iran’s Army Chief of Staff, Ali Abdollahi, had earlier warned that Tehran would strike US bases across the region if Iranian oil tankers were attacked.
Iran claims US drone seizure
The Revolutionary Guards also claimed on Tuesday that they had seized an American submarine drone in the Strait of Hormuz, describing it as “one of the most modern, unmanned” US vessels.
The US military disputed the claim, saying the drone had malfunctioned and was an older model that did not contain sensitive information.
Iranian state television separately reported that the Guards had attacked two US destroyers with ballistic missiles, although the US military had not immediately commented on the claim.
As the confrontation continues, concerns are mounting that prolonged fighting around the Strait of Hormuz could further restrict the movement of oil and gas and push global energy prices higher.
International News
Tanzania in Mourning as President Samia Loses Husband
Tanzania is mourning following the death of Hafidh Ameir Hassan, husband of President Samia Suluhu Hassan, who died on Monday while receiving treatment at a hospital in Zanzibar.
The death of Tanzania’s First Gentleman was officially announced by Vice-President Deogratius Ndejembi, according to the BBC.
Ndejembi said Ameir had been suffering from a heart condition and died at about 8am local time at the Emilio Mzena Memorial Hospital in Zanzibar.
SEE ALSO: Tanzania Eyes Expanded Dangote Investments in Fertiliser, Energy, Infrastructure
He added that funeral arrangements were underway in Kizimkazi, a village on Zanzibar.
Ameir, an agricultural academic, largely kept a low public profile and rarely appeared alongside his wife at official events.
He became Tanzania’s first First Gentleman after Samia assumed the presidency in March 2021.
The couple married in 1978, before Samia entered national politics, and had four children — three sons and a daughter.
Their daughter, Wanu Hafidh Ameir, is a politician and serves in Zanzibar’s House of Representatives.
Ruto, AU mourn First Gentleman
Kenyan President William Ruto expressed his condolences to President Samia and her family following the death.
In a message posted on X on Monday, Ruto said, “I have received with deep sorrow the news of the passing of Hafidh Ameir Hassan, husband of Her Excellency Dr Samia Suluhu Hassan, President of the United Republic of Tanzania.”
He added, “President Samia has lost a lifelong companion, her children a beloved father, and Tanzania a distinguished son.”
Ruto further said, “Kenya stands with our Tanzanian brothers and sisters in this moment of grief,” while praying for the bereaved family.
The African Union Commission Chairperson, Mahmoud Ali Youssouf, also extended his condolences to President Samia, her family and the people of Tanzania.
In a statement issued on Monday, Youssouf said the AU conveyed its “deepest condolences” over the passing of Hafidh Ameir Hassan and wished the bereaved family “strength, courage and solace.”
The AU Chairperson also prayed for the peaceful repose of the deceased, concluding, “Inalilahi wainailehi rajiun.”
International News
US Fuel Crisis Deepens as Diesel Prices Hit Record High
The average price of diesel in the United States has climbed to a record high, adding to growing pressure on businesses and consumers as disruptions to fuel supplies continue amid the war involving the United States, Israel and Iran.
According to the American Automobile Association (AAA), diesel prices reached a new record on Monday, rising by about 30 cents from the average recorded just one week earlier.
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Diesel is widely used in road transportation, agriculture and construction, making the sharp increase a major concern for truckers, farmers and other businesses that rely heavily on the fuel.
The latest surge comes as the ongoing conflict has disrupted tanker shipments through the Strait of Hormuz, contributing to tighter fuel supplies and higher energy costs.
Diesel prices have risen substantially compared with a year ago, when the national average stood at $3.71 per gallon.
The increase is putting additional financial pressure on farmers and trucking companies, which may eventually pass higher operating costs on to consumers.
The rise in diesel prices is also adding to broader concerns over the cost of living in the United States and could pose a political challenge for President Donald Trump ahead of the November midterm congressional elections.
Meanwhile, average regular gasoline prices also rose significantly, reaching $4.15 per gallon on Monday, compared with $3.20 a year earlier.
Fuel prices were even higher in some western states, with regular gasoline averaging $5.86 per gallon in California and $4.54 in Arizona, according to AAA.
The continued increase in fuel costs comes as millions of Americans travel during the Labor Day holiday period, potentially placing further pressure on household and business budgets.





