live Oil climbs past $119 a barrel as Iran crisis squeezes global supply - Monday 9 March
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli...
Iran’s Foreign Minister Abbas Araghchi arrived in Geneva on Monday ahead of a second round of indirect nuclear talks with the United States, according to Iranian state media.
The negotiations, mediated by Oman, are scheduled for Tuesday (17 February) and come after contacts resumed earlier this month following a period of deadlock. Writing on X, Araghchi said he had come to Geneva with “real ideas to achieve a fair and equitable deal”, adding that “submission before threats” was not on the table.
Araghchi met Rafael Grossi, chief of the International Atomic Energy Agency (IAEA), on Monday, saying beforehand that his delegation of nuclear experts anticipated a “deep technical discussion”.
They reportedly discussed Iran’s cooperation with the IAEA and Tehran’s technical stance on the nuclear negotiations.
The IAEA has been seeking clarification about the fate of roughly 440 kilograms of uranium enriched to 60% purity after Israeli and United States strikes on Iranian nuclear facilities in June. It has called for the full resumption of monitoring, including at sites damaged in the attacks such as Natanz, Fordow and Isfahan.
Tehran says it has permitted inspections at declared facilities that were not targeted, but argues that some bombed sites are currently unsafe. An agreement announced in September aimed at restoring broader oversight was later abandoned after Western powers reinstated United Nations sanctions.
Washington maintains that high-level enrichment could provide a pathway to a nuclear weapon. Iran denies seeking nuclear arms and says its programme is for civilian use.
United States Secretary of State Marco Rubio said President Donald Trump favours a diplomatic outcome, though he cautioned that an agreement is not assured. United States officials have said additional military assets, including a second aircraft carrier, have been deployed to the region as a precaution.
Tuesday’s meeting in Geneva is expected to test whether the renewed diplomatic effort can narrow differences between the two sides.
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 continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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.
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.
Istanbul’s mayor, Ekrem İmamoğlu, has appeared in court on Monday alongside 400 co-defendants in a sprawling corruption case that critics say is designed to derail his political ambitions. The charges allege a network of corruption and organised crime linked to the mayor’s office.
Russian grain is once again moving by rail to Armenia along a route that had been closed for decades. The latest freight train departed from Baku on 9 March carrying hundreds of tonnes of grain.
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.”.
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment