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...
President Volodymyr Zelenskyy said Russia’s massive overnight assault on Ukraine, involving more than 570 drones and 40 missiles, showed Moscow was avoiding peace talks and undermining U.S.-led diplomatic efforts.
Speaking in his nightly address, Zelenskyy said the overnight strikes, killed one person and injured 22 others across multiple regions.
A U.S.-owned electronics factory in Ukraine’s Zakarpattia region was among the targets, which Zelenskyy described as a “telling strike” against American investments.
“We believe it was a deliberate strike precisely on U.S. property here in Ukraine,” he said, suggesting Moscow had no genuine interest in peace efforts.
The attacks also caused fatalities and damage in Lviv and Dnipropetrovsk. However Russia claimed it had hit Ukrainian energy and military facilities and seized a village in the east.
Ukraine, in turn, reported strikes on Russian oil and fuel sites.
The escalation comes as U.S. President Donald Trump pushes for a bilateral meeting between Zelenskyy and Russian President Vladimir Putin.
While Moscow insists Putin is ready to meet, Zelenskyy argued Russia is stalling.
“They don’t want to end the war. They carry on with massive strikes,” he said, urging Washington to respond firmly if Moscow rejects peace.
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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