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...
Russian missile and drone strikes have intensified across Ukraine, killing two people and injuring thirteen in Kyiv, as speculation grows over a postponed Trump–Putin summit and the future of their stalled negotiations.
Two people were killed and thirteen others were injured in Kyiv after Russian missiles and drones struck multiple sites across Ukraine overnight, officials said on Saturday.
According to the head of Kyiv’s city military administration, Tymur Tkachenko, the attack shattered windows, damaged cars, and left a crater in the courtyard of a residential building. Several fires broke out across the city, and a kindergarten was among the damaged sites.
Ukraine’s air force said it had shot down four of nine missiles and 50 of 62 drones launched overnight across the country. In a statement on Telegram, it reported five direct missile hits and 12 drone strikes on 11 sites nationwide.
Emergency crews worked through the night to contain the fires and assess the damage. Authorities said rescue operations were ongoing, with investigations under way to determine the full scale of the destruction.
Since the beginning of the year, Russia has launched approximately 770 ballistic missiles and more than 50 hypersonic Kinzhal missiles. President Volodymyr Zelenskyy reported this on Facebook.
The strikes came as global attention turned again to the uncertain state of diplomacy between Washington and Moscow.
A planned Trump–Putin summit in Budapest was cancelled last week, with both sides citing unresolved differences over Ukraine. The White House has since confirmed that no immediate meeting is planned, though future talks remain possible.
Meanwhile, Ukrainian leader Volodymyr Zelenskyy has urged Western partners to maintain military and financial support, warning that Russia’s intensified strikes signal “a deliberate strategy to exhaust Ukraine’s defences.
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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