Oil prices hit four year high: Latest news on the Middle East conflict on 9 March
Global oil prices reached a four year high on Monday (9 March), surpassing $...
Poland's deputy prime minister vowed on Tuesday to stick with plans to introduce a new tax on big tech, hitting back at a threat of retaliation from the incoming United States ambassador amid a deepening war of words between Warsaw and Washington.
The dispute intensified after Thomas Rose, the incoming US ambassador to Poland, took to X (formerly Twitter) on Monday evening. In his post, Rose described the proposed tax as “not very smart” and warned that it would hurt Poland and its relations with the United States. “A self destructive tax that will only hurt Poland and its relations w/USA. President Trump will reciprocate as well he should. Rescind the tax to avoid the consequences!” he wrote.
In an interview with Radio Zet, Gawkowski, who also serves as minister of digital affairs, dismissed Rose’s criticism as an overreach. “It’s sick for somebody to tell another country what legislation it can pass,” he said, adding, “This is standing democracy on its head.”
Meanwhile, Polish Funds Minister Katarzyna Pelczynska-Nalecz, representing the centre-right Poland2050 coalition partner, questioned the timing of the tax. Speaking on state TV, she acknowledged that taxing big tech could be beneficial but called the current timing “incomprehensible” given the potential risks of igniting a trade war.
Gawkowski provided few specifics about the new tax but indicated that it would target profits made by big tech firms in Poland and aim to support the growth of domestic technology companies. His remarks came amid an already volatile atmosphere in US-European relations, fueled by President Donald Trump’s hard-line security and trade policies, which have strained Washington’s ties with traditional allies in the region.
The spat adds to a series of recent high-profile exchanges between US and Polish officials. Last weekend, a public disagreement involving US Secretary of State Marco Rubio, tech billionaire Elon Musk, and Polish Foreign Minister Radoslaw Sikorski erupted after Sikorski suggested that Poland might need to find a new provider for Ukraine’s internet services if Elon Musk’s Starlink were to become unreliable. Poland currently funds Ukraine’s Starlink subscription, a move that has sparked further debate.
Polish Prime Minister Donald Tusk also weighed in on social media, cautioning Poland’s “friends” against “arrogance” in their dealings, while the nationalist opposition party Law and Justice (PiS) criticized the government’s approach, arguing that it was harming relations with Poland’s most important ally.
As the situation develops, Poland’s resolve to implement its big tech tax underscores a broader clash over economic policy and national sovereignty, set against the backdrop of an increasingly complex transatlantic relationship.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
Global debt surged to a record $348.3 trillion at the end of 2025, after nearly $29 trillion was added over the year, marking the fastest annual increase since the pandemic, according to the Institute of International Finance (IIF) report released on Wednesday.
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