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...
The European Commission has issued its strongest criticism yet of Ukraine’s leadership, warning that a new law undermining anti-corruption agencies could jeopardise Kyiv’s EU membership path.
The European Commission is hardening its tone against Ukraine following the approval of a controversial law that weakens the independence of two key anti-corruption bodies — the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialised Anti-Corruption Prosecutor’s Office (SAPO).
The legislation, signed into law by President Volodymyr Zelenskyy on Tuesday, just hours after being approved by parliament, places both institutions under the direct oversight of the prosecutor general, a political appointee. The prosecutor general will also have the power to reassign cases being investigated by NABU and SAPO, a move critics warn could erode investigative autonomy and enable political interference.
European Commission President Ursula von der Leyen telephoned Zelenskyy on Wednesday to express what a Commission spokesperson described as her “strong concerns” and to demand “explanations” from the Ukrainian leadership.
“President von der Leyen conveyed her strong concerns about the consequences of the amendments, and she requested the Ukrainian government for explanations,” the spokesperson said.
“The respect for the rule of law and the fight against corruption are core elements of the European Union. As a candidate country, Ukraine is expected to uphold these standards fully. There cannot be a compromise.”
The public rebuke represents a significant shift in tone from Brussels, which has largely offered uncritical political support to Kyiv since the start of Russia’s full-scale invasion in February 2022. This marks the first time the Commission has issued such direct criticism of the Zelenskyy administration.
On Tuesday, European Commissioner for Enlargement Marta Kos also condemned the legal amendments, warning they “risk weakening strongly the competences and powers of the anti-corruption institutions of Ukraine.”
“Both institutions, the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialised Anti-Corruption Prosecutor’s Office (SAPO) are widely regarded as cornerstones of Ukraine’s rule of law. These institutions are crucial to Ukraine’s reform agenda and must operate independently to fight corruption and maintain public trust,” the Commission said.
Anti-corruption reform is a core condition for Ukraine’s accession to the European Union, and is also seen as essential for attracting foreign private investment needed for post-war reconstruction. Ukraine’s candidate status was granted in June 2022, but further progress requires demonstrable commitment to EU standards.
In response to the backlash, Zelenskyy used his nightly video address to defend the government’s position, suggesting the reforms aim to insulate the institutions from malign foreign influence.
“The anti-corruption infrastructure will work, only without Russian influence – it needs to be cleared of that. And there should be more justice,” Zelenskyy said, referencing recent raids on NABU over alleged Russian espionage links.
“It is important that the Prosecutor General is determined to ensure that in Ukraine, the inevitability of punishment for those who go against the law is actually ensured. This is what Ukraine really needs.”
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.
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.
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.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
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.
U.S. President Donald Trump and UK Prime Minister Keir Starmer spoke by phone on Sunday as tensions between Washington and Westminster deepened over the conflict involving Iran. The call came less than a day after Trump criticised Britain’s response to U.S. strikes on Iranian targets.
Norwegian police are searching for a suspect after an explosion at the U.S. embassy in Oslo on 8 March caused minor damage but no injuries, in what authorities say may have been a deliberate attack linked to the Middle East crisis.
An explosion damaged a synagogue in the Belgian city of Liège early on Monday (9 March) in what authorities said was an antisemitic attack that caused damage but no injuries.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
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