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...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 16th of February, covering the latest developments you need to know.
Former Ukrainian Energy Minister German Galushchenko has been arrested by anti-corruption detectives while attempting to flee the country. The arrest forms part of the ‘Midas’ investigation into an alleged $100 million (£80m) kickback scheme involving the state nuclear operator, Energoatom, which previously prompted his resignation. The move underscores Kyiv’s intensified efforts to root out graft within the energy sector, a crucial requirement for the nation’s European Union accession bid.
In an unprecedented joint appeal, the military chiefs of Britain and Germany have urged the public to accept the moral necessity of rearmament to counter the growing threat from Russia. Writing in The Guardian newspaper, Air Chief Marshal Sir Richard Knighton and General Carsten Breuer argued that strengthening industrial capacity and defence spending is not ‘warmongering’ but essential deterrence. They warned that Moscow’s military posture has shifted decisively westward, requiring a unified European response to preserve peace and security.
Tehran has signalled a readiness to compromise on its nuclear programme in exchange for economic benefits and sanctions relief ahead of renewed talks with Washington. With a U.S. delegation led by Jared Kushner and Steve Witkoff due to meet Iranian officials in Geneva this week, Iranian diplomats have struck a conciliatory note, suggesting potential flexibility on uranium enrichment. However, tensions remain, as the U.S. has dispatched a second aircraft carrier to the region to underpin diplomacy with the threat of military force.
U.S. Secretary of State Marco Rubio has backed a report by five European allies concluding that late Kremlin critic Alexei Navalny was killed with a lethal toxin derived from poison dart frogs. On the second anniversary of his death in a Russian penal colony, nations including the UK and Germany stated that forensic analysis confirmed the presence of epibatidine, accusing Moscow of deliberate poisoning. While the Kremlin dismissed the findings as a ‘propaganda hoax’, Western leaders maintain that only the Russian state possessed the means and motive for the assassination.
Prime Minister Giorgia Meloni has confirmed that Italy will participate as an observer in President Donald Trump’s ‘Board of Peace’ initiative, citing constitutional constraints that prevent full membership. Speaking ahead of the body’s inaugural leadership meeting in Washington on Thursday, Meloni described the move as a solution to support Middle East peacemaking efforts while adhering to Italian law. The initiative, launched in Davos, aims to foster a settlement in Gaza and has invited various European partners to engage in a similar capacity.
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.
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.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
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.
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