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 Trump administration's first U.S. weapons aid packages for Ukraine have been approved and could soon ship as Washington resumes sending arms to Kyiv - this time under a new financial agreement with allies - two sources familiar with the situation told Reuters.
This is the first use of a new mechanism developed by the U.S. and allies to supply Ukraine with weapons from U.S. stocks using funds from NATO countries.
Undersecretary of Defense for Policy Elbridge Colby has approved as many as two $500 million shipments under the new mechanism called the Prioritized Ukraine Requirements List, known under the acronym PURL, the sources said.
The renewed transatlantic cooperation, which aims to bolster Kyiv with as much as $10 billion worth of weapons, comes as U.S. President Donald Trump has expressed frustration with Moscow's ongoing attacks on its neighbour despite his efforts to achieve a negotiated end to the conflict.
So far, the Trump administration has only sold weapons to Ukraine or shipped donations which were authorised by former President Joe Biden, who was a staunch supporter of Kyiv.
The sources declined to give an exact inventory of what has been approved for purchase by the Europeans for Ukraine, but said it included air defence systems, which Ukraine says it needs urgently given the huge increase in Russian drone and missile attacks.
One of the sources said the PURL list was making its way through the process after clearing the Pentagon's policy unit.
The Pentagon did not immediately respond to a request for comment.
"It's the stuff they've been asking for. A lot of stuff," said the source. "It's the flow that's allowed them to stabilise the lines thus far."
According to experts, Ukraine's needs remain consistent with previous months - air defences, interceptors, systems, rockets, and artillery.
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment