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...
Russia and Ukraine held a brief 40-minute meeting in Istanbul on Wednesday, discussing further prisoner exchanges but failing to make progress on a ceasefire or summit between their presidents.
Ukraine's chief delegate Rustem Umerov, confirmed some humanitarian progress, such as plans for additional prisoners of war (POW) swaps and the return of deported children, but said Moscow remained resistant to a broader cessation of hostilities.
Umerov added, "By agreeing to this proposal, Russia can clearly demonstrate its constructive approach."
Ukraine proposed a meeting between Presidents Volodymr Zelenskyy and Russian President Vladimir Putin by the end of August, aligning with U.S. President Donald Trump's 50-day ultimatum for a peace deal.
However, Russia’s chief delegate Vladimir Medinsky said a leaders’ summit should only happen to finalize an agreement, not to renegotiate terms.
While Ukraine pushes for a long-term ceasefire, Russia suggested short 24–48-hour halts to recover bodies.
They agreed to exchange 1,200 prisoners of war from each side.
Medinsky claimed Russia is working to return 339 Ukrainian children and offered to hand over 3,000 Ukrainian corpses, denying abduction allegations.
"Some of the children have already been returned back to Ukraine. Work is under way on the rest. If their legal parents, close relatives, representatives are found, these children will immediately return home," Medinsky said.
Despite hopes, the Kremlin downplayed expectations before the meeting, and the session ended as the shortest yet—underscoring the gulf between the two sides.
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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