G7 set to discuss climbing oil prices, release of emergency reserves
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint r...
President-elect Donald Trump has sparked international controversy by refusing to rule out military or economic measures to secure control of Greenland and the Panama Canal, which he claims are crucial to U.S. national security.
In a recent press conference, President-elect Donald Trump made bold claims about the strategic importance of the Panama Canal and Greenland to U.S. economic and national security. Trump did not rule out the use of military or economic force to secure control over these territories, which he described as vital for the nation’s interests.
Trump emphasized the significance of Greenland for national security, stating, “We need Greenland for national security purposes. I’ve been told that for a long time, long before I even ran. People have been talking about it for a long time.” He also questioned Denmark’s legal claim over Greenland, stating, “People really don’t even know if Denmark has any legal right to it. But if they do, they should give it up because we need it for national security.”
Regarding the Panama Canal, Trump criticized the current situation, stating, “The Panama Canal is vital to our country. It's being operated by China. China. And we gave the Panama Canal to Panama. We didn’t give it to China. And they’ve abused it. It should have never been made by the way. Giving the Panama Canal is why Jimmy Carter lost the election, in my opinion, more so maybe than the hostages.”
Trump also reiterated his desire to make Canada a U.S. state, criticizing the U.S.'s economic relations with Canada and the military support given to the country. He proposed that Canada should join the U.S. for economic and national security reasons, saying, “We basically protect Canada. We don’t need anything they have. We don’t need their dairy products, we have more than they have. We don’t need anything, so why are we losing $200 billion a year and more to protect Canada?”
On defense, Trump called for NATO members to increase their defense spending target to 5% of GDP, criticizing allies for not meeting current commitments. He argued that countries should contribute more to military defense to maintain their security.
These statements come as Trump prepares to take office on January 20th, 2025, and highlight his bold foreign policy ideas as he gets ready to govern the United States.
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.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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.
Recent operations by the U.S. military have led some to believe that a decapitating strike is a silver bullet capable of fixing any foreign policy problem swiftly. However, this logic is flawed, and the risks of relying on swift, targeted actions are too great to ignore.
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.
Global oil prices have surged past $110 a barrel this Monday as fresh U.S.-Israeli strikes hit multiple targets, including oil depots. Stock markets fell on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz, raising concerns over global energy supply.
The U.S. embassy in Oslo was hit by a loud explosion early on Sunday (8 March), causing minor damage but no injuries, in what may have been a deliberate attack linked to the crisis in the Middle East, Norwegian police said.
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