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...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of January, covering the latest developments you need to know.
Nationwide protests in Iran have continued with crowds returning to the streets during daylight hours and moving into major economic hubs. Security forces have deployed tear gas and live ammunition to disperse demonstrators, and reports suggest Iranian-backed Iraqi militias are assisting in the crackdown. Human rights organisations have raised alarms over increasing casualties and detentions, while the country continues to downplay the scale of the movement which now includes direct calls for political change and leadership transition.
Leaders from the U.S. and Europe have moved closer to finalising a legally binding security package for Ukraine, which includes a high-tech ceasefire monitoring system and a multinational force led by France and the UK. The guarantees are modelled on NATO’s Article 5 to provide long-term defence assistance and deter future Russian aggression, though the deployment would operate away from the contact line. While President Zelenskyy welcomed the initiative as a major step forward, the agreement still faces significant hurdles regarding ratification by Western parliaments and the U.S. Congress.
The White House has confirmed that President Donald Trump is actively exploring options to acquire Greenland, viewing the resource-rich Arctic island as a vital national security priority to deter adversaries such as Russia and China. Despite adamant rejections of the idea from NATO and Danish leaders, U.S. officials indicate that the administration is considering various strategies, ranging from an outright purchase to a Compact of Free Association. While diplomacy remains the preferred route, the White House noted that the use of military options remains theoretically available, underscoring the President’s determination to secure a deal.
Tensions between Tbilisi and Brussels have deepened after the speaker of Georgia’s parliament, Shalva Papuashvili, publicly questioned the European Union’s ability to function as a global geopolitical guarantor. Citing recent international events, Papuashvili argued that the bloc has lost its capacity to uphold the global order and accused it of applying undue pressure on Georgia regarding democratic reforms and visa policies. Despite the sharp rhetoric, the government maintains that its strategic priorities remain the restoration of territorial integrity and the well-being of the Georgian people.
A magnitude 6.7 earthquake has struck off the coast of Mindanao in the southern Philippines, prompting residents to flee buildings but causing no immediate reports of casualties or major structural damage. Seismologists confirmed that the tremors occurred at a significant depth, which effectively ruled out the threat of a destructive tsunami hitting the region. Authorities in the archipelago, which sits on the seismically active Pacific "Ring of Fire", have advised the public to remain vigilant for potential aftershocks.
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.
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.
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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