Day three of the U.S.-Iran conflict: Further strikes and oil price surge
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have sur...
French President Emmanuel Macron urged Chinese leader Xi Jinping to cooperate more closely on geopolitics, trade and the environment, as the European Union seeks China's help to end the war in Ukraine.
A large business delegation is accompanying Macron on his fourth state visit to China, as he seeks to bolster his foreign policy credentials and secure commercial deals for French industry.
China, for its part, wants to ease trade frictions with the 27-strong European Union over its heavily subsidised electric vehicle sector, while presenting itself as a reliable trading partner.
"Now, more than ever, dialogue between China and France is vital," Macron told his host during their Thursday meeting at Beijing's Great Hall of the People.
"We have to continue to rally in favour of peace and stability in the world," he added, referring to the conflict in Ukraine. "Our ability to work together is decisive."
The Chinese leader is not expected to approve a long-anticipated 500-jet Airbus order, as that would weaken Beijing's leverage during trade talks with the U.S., which is pressing for new Boeing purchase commitments.
An easing of Chinese duties on EU pork shipments is also not expected, as Beijing seeks to pressure Brussels into agreeing to a minimum price plan for China-made electric vehicles (EVs). France voted in favour of the EV tariffs in the October 2024 vote.
The EU is also poised to unveil new economic security policies next month to reduce the bloc's reliance on China.
"No matter how the external environment changes, our two countries should always demonstrate the independence and strategic vision of major powers," Xi told Macron, adding that China remained committed to promoting peace in Ukraine and Gaza.
Xi encouraged Macron to deepen cooperation in aerospace and nuclear energy, as well as in artificial intelligence, the green economy and biopharmaceuticals.
The two leaders signed 12 cooperation agreements following their talks, covering population ageing, bilateral investment, nuclear energy, and panda conservation.
Macron in the past has sought to project a robust European front in dealing with China, while being careful not to antagonise Beijing, with China a key export market for many of France's most prominent companies.
Top executives from Airbus, France's largest bank BNP Paribas, electrical giant Schneider and train maker Alstom, along with leaders of the French dairy and poultry industry groups, have joined Macron in China.
"Our two countries have a role to play in laying out, with other partners, the foundations for rebalanced economic governance," Macron told Xi, calling for rules that were fairer and stronger, rather than based on "survival of the fittest."
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
The U.S.-Iran crisis has entered its third day, with further strikes reported across the Middle East and the death toll rising. Oil prices have surged to levels last seen during the Covid-19 pandemic, raising fears of economic disruption and higher prices worldwide.
The UK said it's allowing the U.S. to use its bases for defensive strikes against Iran amid escalating missile attacks, after a suspected drone strike hit a British airbase in southern Cyprus, causing limited damage.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
European Union stands with its member states in the face of any threat, EU Commission President Ursula von der Leyen said in response to the drone strike that hit Britain's Royal Air Force base of Akrotiri in southern Cyprus overnight.
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