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...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 24th of July, covering the latest developments you need to know.
1. EU leaders meet China’s Xi amid trade tensions
European Commission President Ursula von der Leyen and European Council President Antonio Costa met Chinese President Xi Jinping in Beijing on Thursday for a one-day summit focused on trade imbalances, rare earths, and Ukraine, amid escalating tensions between the two sides.
2.Trump signs AI orders to boost U.S. global tech dominance
President Donald Trump has unveiled a sweeping national Artificial Intelligence (AI) strategy on Wednesday, signing three executive orders aimed at securing U.S. dominance in the global AI race by accelerating innovation, cutting red tape, and easing regulations on critical data infrastructure.
3. Macron files defamation suit against U.S. influencer
French President Emmanuel Macron and First Lady Brigitte Macron have filed a defamation lawsuit against U.S. right-wing influencer Candace Owens. The lawsuit, filed in Delaware, accuses Owens of spreading false and offensive claims about Brigitte’s gender identity, calling them “outlandish” and “defamatory”.
4. Indian firm shipped explosives to Russia despite US warnings
An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by Reuters, despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort. One of the Russian companies listed as receiving the compound, known as HMX or octogen, is the explosives manufacturer Promsintez, which an official at Ukraine's SBU security service said has ties to the country's military.
5. Musk warns of 'rough quarters' for Tesla as Trump axes EV incentives
Elon Musk has warned of tough times ahead for Tesla after President Donald Trump scrapped key Electric Vehicles (EV) and solar incentives in his latest fiscal bill. With profits down 23% and regulatory credit revenue under threat, Tesla faces growing financial pressure. The move also widens the rift between Musk and Trump, despite their once-close ties.
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.
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.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
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.
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.
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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of March, covering the latest developments you need to know.
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.
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