U.S. and Iran exchange threats - Tuesday, 10 March
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including thr...
China has strongly criticized U.S. President Donald Trump's recent executive order, which threatens to impose a 25% tariff on all goods imported to the U.S. from any country that imports oil from Venezuela.
Beijing labeled the sanctions "illegal" and accused the U.S. of grossly interfering in other nations' internal affairs.
Foreign Ministry spokesman Guo Jiakun condemned the U.S. move, emphasizing China’s opposition to the long-standing use of "illegal unilateral sanctions" and "long-arm jurisdiction." He called on the U.S. to end its interference in Venezuela's domestic affairs, urging Washington to revoke its sanctions and take actions that would foster peace, stability, and development in Venezuela and beyond.
The new tariffs, which are set to take effect on April 2, will apply to all goods imported into the U.S. from any country that buys oil or gas from Venezuela, whether directly or indirectly through third parties. Guo warned that such tariffs would harm U.S. businesses and consumers, saying, “There is no winner in a trade or tariff war, and additional tariffs will only inflict greater losses.”
This latest move by the Trump administration is part of a broader strategy to increase pressure on Venezuela, whose oil exports have been a focal point of U.S. sanctions. China, a significant importer of Venezuelan oil, has previously voiced opposition to U.S. sanctions on Venezuela, calling for dialogue and diplomacy to address the country's challenges.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Iranian civilian and military officials have pledged their obedience to the new leader, Ayatollah Seyed Mojtaba Khamenei, with President Masoud Pezeshkian saying his leadership “will herald a new era of dignity and authority for the Iranian nation.”.
Kazakhstan has evacuated more than 7,300 citizens from the Middle East since regional tensions escalated, using both air and land routes to bring nationals home while closely monitoring political developments and potential economic effects linked to rising oil prices.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
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.
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