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...
Former Russian President Dmitry Medvedev said on Thursday that while Russia has no plans to attack NATO or Europe, it will respond fully and potentially with pre-emptive strikes – if the West escalates the Ukraine conflict. That’s according to state TASS news agency.
“We need to act accordingly. To respond in full. And if necessary, launch pre-emptive strikes,” Medvedev said.
"What is happening today is a proxy war, but in essence it is a full-scale war (launches of Western missiles, satellite intelligence, etc.), sanctions packages, loud statements about the militarisation of Europe," he added, according to TASS.
Medvedev, deputy chairman of Russia’s Security Council, also dismissed Western claims that Russia might attack Europe as "complete rubbish," accusing Western officials of deliberately stoking tensions.
The Kremlin acknowledged Medvedev’s statements as his personal opinion but agreed that tensions were high.
Kremlin spokesperson Dmitry Peskov said that Russia was reviewing U.S. threats of harsher sanctions.
Medvedev’s remarks came after U.S. President Donald Trump threatened severe trade restrictions on Russia unless a peace deal with Ukraine is reached within 50 days. Trump also announced that NATO members had agreed to send additional weapons to Kyiv including Patriot missiles.
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.
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.
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.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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