Venezuela Oil Exports Rise, Output Cuts Continue
Venezuela’s oil exports under a flagship $2bn supply deal with the U.S. reached around 7.8 million barrels on Wednesday, vessel-tracking data and st...
China, Russia and Iran have begun a week-long joint naval exercise in South African waters, a move that comes amid strained relations between Washington and several members of the expanded BRICS bloc.
South Africa’s military said the drills, titled "Exercise WILL FOR PEACE 2026", are aimed at ensuring the safety of shipping routes and strengthening maritime cooperation among participating navies.
The exercise involves three countries with tense relations with the United States and comes as the administration of Donald Trump has stepped up criticism of BRICS Plus nations, including China, Iran, South Africa and Brazil.
South Africa controls key sea lanes around the Cape of Good Hope, a strategic route for global trade linking Asia, the Middle East and Europe, giving the drills wider international significance.
BRICS Plus is an expanded grouping of the bloc originally formed by Brazil, Russia, India, China and South Africa, which members describe as a counterweight to U.S. and Western economic influence.
The wider group also includes Egypt, Indonesia, Saudi Arabia, Ethiopia and the United Arab Emirates.
While BRICS was initially focused on economic cooperation and development finance, recent summits have signalled broader ambitions, including closer coordination on political and security issues.
Chinese military officials at the opening ceremony said Brazil, Egypt and Ethiopia were participating as observers.
Lieutenant Colonel Mpho Mathebula, acting spokesperson for joint operations, told Reuters that all BRICS Plus members had been invited to take part.
Trump has previously accused BRICS countries of pursuing "anti-American" policies and last January threatened to impose an additional 10% trade tariff on all members, on top of duties already applied to other countries.
In South Africa, the pro-Western Democratic Alliance, the second-largest party in the coalition led by President Cyril Ramaphosa, criticised the drills, saying they "contradict our stated neutrality" and risk turning the country into "a pawn in the power games being waged by rogue states".
Mathebula rejected the criticism, saying the exercise was not political in nature.
"This is not a political arrangement … there is no hostility towards the U.S.," she said, noting that South Africa also periodically conducts naval exercises with the U.S. Navy.
"It is a naval exercise intended to improve capabilities and information-sharing," she added.
Several locally-developed instant messaging applications were reportedly restored in Iran on Tuesday (20 January), partially easing communications restrictions imposed after recent unrest.
There was a common theme in speeches at the World Economic Forum on Tuesday (20 January). China’s Vice-Premier, He Lifeng, warned that "tariffs and trade wars have no winners," while France's Emmanuel Macron, labelled "endless accumulation of new tariffs" from the U.S. "fundamentally unacceptable."
Dozens of beaches along Australia's east coast, including in Sydney, closed on Tuesday (20 January) after four shark attacks in two days, as heavy rains left waters murky and more likely to attract the animals.
U.S. President Donald Trump said Washington would “work something out” with NATO allies on Tuesday, defending his approach to the alliance while renewing his push for U.S. control of Greenland amid rising tensions with Europe.
At the World Economic Forum’s “Defining Eurasia’s Economic Identity” panel on 20 January 2026, leaders from Azerbaijan, Armenia and Serbia discussed how the South Caucasus and wider Eurasian region can strengthen economic ties, peace and geopolitical stability amid shifting global influence.
Venezuela’s oil exports under a flagship $2bn supply deal with the U.S. reached around 7.8 million barrels on Wednesday, vessel-tracking data and state-run PDVSA documents show, with shipments accelerating after Washington eased its blockade — but not enough for PDVSA to fully reverse output cuts.
Azerbaijan’s State Oil Fund, State Oil Fund of Azerbaijan (SOFAZ), has signed a long-term strategic cooperation agreement worth up to $1.4 billion with Brookfield Asset Management on the sidelines of the World Economic Forum in Davos, officials said.
A senior official at the Transportation Security Administration (TSA) said on Wednesday that roughly 6% of U.S. air travellers are not presenting identification that meets stricter federal standards, as the agency prepares to start charging passengers without enhanced ID a $45 fee from 1 February.
The United States is placing renewed emphasis on regional partnerships that offer predictability, security cooperation and economic continuity as instability deepens across the Middle East and parts of Eurasia
A fire alarm prompted the partial evacuation of the Davos Congress Centre on Wednesday evening while Donald Trump was inside the building attending the World Economic Forum, Swiss authorities said.
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