Chevron seeks improved terms from Iraq to take over West Qurna 2 oilfield
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the worl...
U.S. President Donald Trump has threatened a 10% tariff on all BRICS member countries, claiming the bloc was "set up to hurt" the United States by undermining the dollar.
“Anybody that's in BRICS is getting a 10% charge,” Trump said during a Cabinet meeting on Tuesday. “They have to pay 10% if they're in BRICS because BRICS was set up to degenerate our dollar and take it off as the standard. If they want to play that game, I can play that game too.”
He suggested BRICS members would face extra trade costs just for being part of the group. “They won’t be a member alone,” he said.
Trump also signalled a major escalation in tariffs on other sectors:
Pharmaceuticals: Up to 200% tariffs on imports, which he said could come “very soon” but would allow a phase-in period of up to 18 months.
Copper: A 50% tariff would be imposed, though no implementation date was given.
Turning to Europe, Trump claimed the EU had softened its approach under pressure: “They treated us very badly until recently. Now they’re treating us very nicely.” He said a letter was being prepared that “means a deal” could be close.
He also renewed criticism of South Korea, calling the longstanding U.S. troop presence there a “tremendous loss” and demanding Seoul pay $10 billion annually. “They went crazy, but they agreed,” Trump claimed, referencing 45,000 U.S. troops stationed there.
The comments mark Trump’s sharpest trade threats since returning to office and come amid rising tensions over global supply chains, currency policies, and multipolar alliances like BRICS.
Minnesota Governor Tim Walz has activated the state’s National Guard following the fatal shooting of a U.S. citizen in Minneapolis, an incident that has triggered protests and intensified tensions between state and federal authorities.
Iran’s Foreign Ministry has strongly rejected a U.S. magazine report on the death toll during January unrest. Nationwide protests erupted in response to soaring inflation and a national currency crisis.
A mosaic portrait of Pope Leo XIV was illuminated on Sunday at the Basilica of St. Paul Outside the Walls in Rome, continuing a centuries-old Vatican tradition marking the election of a new pope.
The death toll from nationwide protests in Iran has climbed to 6,126, according to the U.S.-based Human Rights Activists News Agency (HRANA).
Serbian President Aleksandar Vučić, often viewed as a bellwether for the complex diplomatic currents between the Kremlin and the West, has issued a startling prediction regarding the endgame of the war in Ukraine.
U.S. President Donald Trump has warned that Washington would withdraw its support for Iraq if former prime minister Nouri al-Maliki is returned to power, citing concerns over governance, stability and regional influence.
A federal judge in Minnesota has ordered Acting Immigration and Customs Enforcement (ICE) Director Todd M. Lyons to appear in court on Friday and explain why he should not be held in contempt for failing to comply with multiple court orders, officials said.
Syrian President Ahmed al-Sharaa stressed to U.S. President Donald Trump in a phone call on Tuesday the importance of unifying international efforts to prevent the return of "terrorist groups", including Islamic State.
Millions of people in Britain are struggling to afford basic necessities, with a new report warning that the number living in the deepest levels of poverty has reached a 30-year high, driven by soaring housing costs and rising child poverty.
India and the European Union have finalised a long-pending trade deal, both sides said on Tuesday, calling it the “mother of all deals” as they seek to hedge against uncertainty in U.S. trade ties.
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