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...
Ongoing attacks on Ukrainian cities “undermine the credibility of the recent trilateral talks.” That’s political analyst Orkhan Nabiyev's assessment of the peace talks in Abu Dhabi on 23-24 January, attended by representatives of Ukraine, Russia, and the United States.
Officials described the meetings as “constructive” and “very positive”, however no formal agreement was reached.
According to Ukrainian President Volodymyr Zelenskyy the talks explored “possible parameters for ending the war.” He noted that while disagreements remain, their number has decreased and discussions will continue.
Russian officials similarly framed the talks as constructive but emphasized that major differences over territorial and security issues persist.
The meetings occurred amid continued hostilities.
On the second day of talks, Russian forces launched drone and missile strikes on Kyiv and Kharkiv, disrupting electricity and heating for more than a million residents during severe winter conditions. Ukrainian authorities criticised the timing as disruptive to diplomacy.
Talking to AnewZ, Nabiyev cautioned that ongoing attacks limit the credibility of the negotiations.
“If Russia were to stop attacks on Ukrainian civilian and energy infrastructure today, and cease all air operations, that would be a meaningful sign of intent,” he said.
“But as long as bombardments continue alongside talks, Russia is essentially imitating negotiations… aiming to prolong the situation until political conditions may shift in its favor.”
He added that dialogue without reductions in violence can appear tactical rather than substantive. Fundamental issues (including territorial control, security guarantees, and postwar arrangements) remain unresolved, underscoring the difficulty of achieving a meaningful compromise.
Looking ahead, Nabiyev noted that the next round of Abu Dhabi talks is expected in early February under U.S. mediation.
“Without confidence-building measures or a clear reduction in hostilities, diplomatic engagement risks becoming a prolonged stall rather than a credible path to peace,” he said.
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.
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.
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.
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment