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...
German Chancellor Friedrich Merz on Saturday told a state party conference that Russia will only stop its war in Ukraine when it is unable to continue economically, and possibly militarily.
“All our efforts in recent weeks have been met with an even more aggressive approach by the Moscow regime against the people of Ukraine. And this will not stop until we have worked together to ensure that Russia can no longer continue this war, at least for economic reasons, perhaps also for military reasons, but in any case for economic reasons,” Merz said.
He stressed the importance of European unity in confronting the conflict, recalling recent discussions with EU leaders, Ukrainian President Volodymyr Zelenskyy, and U.S. President Donald Trump at the White House.
Merz also outlined Germany’s renewed leadership in defence policy and NATO. He said decisions to raise defence spending to 3.5% and invest an additional 1.5% in defence infrastructure had strengthened NATO’s European pillar.
“If Germany is prepared to take on a leadership role in Europe again, if Europe stands together, then we have a chance of being heard. Then we can assert our interests. We can defend our freedom and our security together,” he said.
Merz described foreign and European policy as inseparable from Germany’s domestic security.
He also noted the growing pressure on Russia as missile and drone attacks against Ukraine intensified in recent days.
On Friday in Toulon, France, Merz and French President Emmanuel Macron said that U.S. President Trump must respond to the cancelled meeting he had announced between Putin and Zelenskyy, highlighting that Russia had shown no desire for a peaceful solution.
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.
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.
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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