live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Israel will reopen Gaza’s Rafah border crossing with Egypt on Sunday (1 February), allowing limited movement of Palestinians in both directions after nearly two years of closure, Israeli authorities said on Friday.
The Coordinator of Government Activities in the Territories (COGAT), the Israeli body responsible for civilian coordination in Gaza, “the return of residents from Egypt to the Gaza Strip will be permitted, in coordination with Egypt, for residents who left Gaza during the course of the war only, and only after prior security clearance by Israel.”
European Union border patrol agents will supervise the crossing, and both Israel and Egypt will vet individuals for entry and exit.
The reopening marks a key step in implementing U.S. President Donald Trump’s Gaza ceasefire plan. The Rafah crossing, Gaza’s main gateway to the outside world, has been largely closed since May 2024.
Israel had previously resisted reopening the crossing.
Officials said the return Ran Gvili's remains to Gaza on Monday helped clear the way for the measure.
The move is expected to ease humanitarian constraints in Gaza, though travel will remain tightly controlled. Humanitarian groups have long called for the crossing to reopen, highlighting the severe restrictions on movement, trade, and medical access caused by the extended closure.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Türkiye has established four sub-commissions to oversee the implementation of a new legal framework tied to the disarmament of the outlawed Kurdistan Workers’ Party (PKK).
Central Asia is moving beyond experiments with digital assets as governments begin putting new forms of digital money into practice.
Parents in Gaza are being urged to stop their children flying kites after Israel threatened tougher military action over those drifting across the border.
Armenia is “free” to leave the Collective Security Treaty Organisation (CSTO), Kremlin Spokesperson Dmitry Peskov has said. He made the remarks after Armenian Prime Minister Nikol Pashinyan said he would be “very pleased” if the Russian-led military alliance expelled Armenia.
Armenia’s Anti-Corruption Committee has disclosed details of a criminal case involving former President Robert Kocharyan, saying he and five other people - including his son - have been detained as part of a corruption investigation.
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