Oil prices drop after Israel confirmed ceasefire with Iran
Oil prices fell sharply for a second day after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears that the conflict would disrupt global energy supplies.
Israel is set to begin negotiations on the second phase of its Gaza ceasefire deal, which is expected to include an exchange of the remaining Israeli hostages with Palestinian detainees, Foreign Minister Gideon Saar announced on Tuesday.
The discussions, which were planned to commence before the first phase of the ceasefire expires on March 2, have not yet officially started, according to Qatari officials.
At a press conference, Saar emphasized that a complete demilitarisation of Gaza is a core demand for Israel. “A Hezbollah model in Gaza would not be acceptable,” he stated, adding that Israel requires no presence of the Palestinian Authority in the enclave as part of the demilitarisation process.
Saar also mentioned that Israel is aware of an alternative plan proposed by Arab states for managing Gaza. This plan is seen as a counter to U.S. President Donald Trump’s proposal to redevelop the strip under U.S. control—a proposal that Israeli Prime Minister Benjamin Netanyahu has indicated is “worthy of exploration.” However, Saar made it clear that Israel would not support any arrangement that would see civilian control of Gaza transferred from Hamas to the Palestinian Authority.
The announcement comes amid ongoing efforts to solidify the ceasefire and address the long-standing challenges in the region, with hostilities and political tensions continuing to complicate prospects for a comprehensive resolution.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China’s annual “Two Sessions” meetings, held from March 4 to 11, offered fresh insight into the country's climate and energy outlook for 2025.
The 11th MINEX Central Asia Forum took place in Tashkent under the theme “Forging Central Asia's Role in Global Critical Minerals Security”, gathering stakeholders from across the region to explore collaboration and investment opportunities in the mining and critical minerals sector.
Tajikistan and Qatar are exploring ways to strengthen their bilateral relationship, focusing on expanding cooperation in economics, trade, and investment.
Uzbekistan and Russia have signed a new agreement to explore the construction of a large-capacity nuclear power plant, while also revising plans for a previously announced small modular nuclear power plant (SMR).
China has nearly doubled its naphtha import quotas for 2025, issuing a second batch of allocations to chemical companies as demand surges and cheaper alternatives like propane and ethane face supply disruptions, according to six trade sources.
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