live Key Gulf shipping routes remain stable despite uncertain peace talks
Shipping traffic through the key Gulf waterways of Bab el-Mandeb and the Strait of Hormuz remained largely unchanged at the start of the week, shippin...
On Monday, U.S. President Donald Trump announced plans to significantly raise tariffs on India over its continued purchase and resale of Russian oil, accusing New Delhi of profiting from the war in Ukraine.
"India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social.
"Because of this, I will be substantially raising the Tariff paid by India to the USA."
Although he did not specify the new tariff rate, Trump previously declared he would impose a 25% tariff on Indian imports and hinted at additional penalties.
His comments come amid mounting pressure on India, which has maintained strong energy ties with Russia since the start of the Ukraine war.
Despite Trump's threats, two Indian government officials told that India intends to continue purchasing Russian oil.
The sources spoke on condition of anonymity due to the issue’s sensitivity.
U.S. President Donald Trump says Iran has a "last chance" to sign what he described as "a good document", claiming talks are continuing at Tehran's request with backing from Saudi Arabia, the UAE and Qatar.
U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Two firefighting helicopters collided while battling a major wildfire in Greece on Sunday, killing two crew members as emergency services continued efforts to contain fires fuelled by extreme heat and dry conditions across Europe.
French Prime Minister Sebastien Lecornu said wildfires that swept across France were now under control. Authorities warned that risks remained as Greece and Spain continued battling active blazes across parts of Europe.
Indonesian rescue teams are searching for 28 people still unaccounted for, three days after a passenger ferry caught fire off the coast of Madura island.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of August, covering the latest developments.
South Korean President Lee Jae Myung urged authorities to increase support for people affected by a record heatwave, as the death toll reached 16.
The United States State Department is planning to close five diplomatic missions overseas in an uncommon reduction of its global diplomatic network, according to people familiar with a notice sent to Congress.
Morocco has blamed a recent Spanish court ruling for last week's mass migrant crossings into the Spanish enclave of Ceuta, arguing that the decision weakened a key deterrent against irregular migration and was quickly exploited by people-smuggling networks.
A coalition of 25 US states has launched a legal challenge against the Trump administration, arguing that its latest attempt to impose sweeping tariffs on imports from around the world exceeds presidential powers and risks pushing up prices for American consumers.
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