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...
President Donald Trump said in the Oval Office that Chinese President Xi Jinping had approved a deal for U.S. firms to acquire TikTok’s American operations, calling an earlier phone call with Xi “very productive” on trade, fentanyl, Ukraine, and the TikTok deal.
Trump shared his thoughts on the call via his social media platform, stating, “We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal." He added that the two leaders would speak again soon, expressing gratitude for the TikTok approval, and both looked forward to meeting at the upcoming Asia-Pacific Economic Cooperation (APEC) summit in South Korea on October 31.
Although Trump had previously postponed the potential TikTok ban three times, the talks surrounding the sale of the platform to U.S. companies remain significant. Trump has yet to confirm the names of the American companies set to take over the platform.
Xi, while addressing the TikTok issue, remained non-committal about confirming a deal. He emphasized that China was “clear” on the matter, stating that the government respected the wishes of ByteDance, TikTok’s parent company. Xi stressed that business negotiations should align with market rules and Chinese regulations to balance interests.
On the broader trade front, Xi urged the U.S. to refrain from imposing unilateral trade measures against China. He reminded Trump of the historical support China received from the U.S. during World War II and expressed optimism that both nations could achieve "mutual success and shared prosperity."
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
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.
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.
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.
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.
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.
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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of August, covering the latest developments.
The United States has formally removed Syria from its list of state sponsors of terrorism, ending a designation that had been in place for nearly five decades and marking a major step in Washington's efforts to rebuild relations with the country's new leadership.
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