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...
The U.S. and Mexico on Wednesday agreed to deepen security cooperation targeting transnational organized crime, fentanyl trafficking, and illegal border crossings.
U.S. Secretary of State Marco Rubio met Mexican President Claudia Sheinbaum and Foreign Secretary Juan Ramon de la Fuente to formalize an “unprecedented” bilateral security partnership.
A joint statement said the cooperation, based on reciprocity, respect for sovereignty, and mutual trust, will enhance coordination among national security, law enforcement, and judicial authorities. Measures include curbing drug and arms trafficking, strengthening border security, combating illicit financial flows, preventing fuel theft, and supporting public health and substance abuse prevention.
Rubio called the cooperation historic, describing his meeting with Sheinbaum as “productive,” with discussions on water resource sharing, economic opportunities, and removing trade barriers. Sheinbaum and de la Fuente reaffirmed strong ties and joint border-security efforts.
Rubio is on a three-day trip to Mexico and Ecuador to discuss dismantling cartels, halting fentanyl trafficking, curbing illegal migration, and expanding economic cooperation. The visit comes as a U.S. naval group, including seven warships and a fast-attack submarine, began arriving in the southern Caribbean.
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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