live Oil climbs past $119 a barrel as Iran crisis squeezes global supply - Monday 9 March
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli...
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
His comments come in two parts: a face‑to‑face meeting in Moscow earlier in the year and a personal letter to Maduro on his birthday.
Just recently, Xi sent a letter to Maduro in which he strongly rejected any interference in Venezuela’s internal affairs, reaffirming China’s support for Caracas in defending its sovereignty, security, and dignity.
He expressed his desire to work with Maduro to deepen the China-Venezuela strategic partnership and generate tangible benefits for both peoples.
Xi also reminded Maduro of their Moscow meeting earlier in the year, noting that they reached important consensus on strengthening bilateral ties.
President Xi Jinping met with Maduro in May, on the sidelines of events in Moscow commemorating the 80th anniversary of the Soviet Union’s victory in World War II.
During the meeting, Xi described China and Venezuela as “good partners of mutual trust and common development” and reaffirmed Beijing’s “firm support” for Venezuela’s sovereignty, national dignity, and social stability.
The Chinese President also highlighted the deepening of bilateral cooperation since the two countries elevated their relationship to an “all‑weather strategic partnership” in 2023.
He pledged to strengthen collaboration across areas such as trade, energy, technology, education, and governance while stressing China’s commitment to multilateralism and its support for an international system based on the United Nations and international law.
President Xi’s dual moves: the public meeting and the personal letter are being viewed as a clear signal of China’s long-term commitment to Venezuela, even amid rising tensions with the U.S. over its actions in the region.
As Washington increases military activity around the Caribbean, Beijing’s message shows its opposition to what it perceives as coercive foreign influence.
For Venezuela, China’s backing remains strategically important. Caracas has leaned on Beijing for financial, political, and diplomatic support amid years of economic hardship and pressure from the West. The renewed Chinese commitment could help stabilise Maduro’s government while strengthening its global alliances.
At the same time, for China this is part of its geopolitical strategy of building influence in Latin America, pushing back against US. dominance, and positioning itself as a defender of sovereignty and multilateralism.
Xi’s letter and his earlier meeting with Maduro together illustrate how Beijing is combining personal diplomacy and high-level statecraft to deepen its ties with key partners and to challenge U.S. influence in its own geopolitical backyard.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
U.S. President Donald Trump and UK Prime Minister Keir Starmer spoke by phone on Sunday as tensions between Washington and Westminster deepened over the conflict involving Iran. The call came less than a day after Trump criticised Britain’s response to U.S. strikes on Iranian targets.
Norwegian police are searching for a suspect after an explosion at the U.S. embassy in Oslo on 8 March caused minor damage but no injuries, in what authorities say may have been a deliberate attack linked to the Middle East crisis.
An explosion damaged a synagogue in the Belgian city of Liège early on Monday (9 March) in what authorities said was an antisemitic attack that caused damage but no injuries.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of March, covering the latest developments you need to know.
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