live Saudi shuts down oil pipeline as Houthis tighten grip on Red Sea shipping
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
U.S. President Donald Trump has warned that a preliminary agreement with Iran remains fragile, saying Washington could resume military action if Tehran fails to meet its commitments.
Speaking on the sidelines of the G7 summit in France, Trump made clear that the agreement is not final and could quickly unravel if he is dissatisfied with its implementation.
“It’s a memorandum of understanding. And if I don’t like it, we’ll go back to shooting at them, dropping bombs on their head,” he said. “If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head.”
Trump acknowledged that the current framework does not include immediate sanctions relief for Iran, one of Tehran’s key demands, indicating that major issues remain unresolved as negotiations continue.
Despite this, he praised the agreement negotiated by his administration, describing it as strong even though details have not been made public.
“That’s a very strong deal. Nobody knows what it is, but it’s very strong, and most people seem to be very happy,” he said.
Trump pointed to the positive market reaction as evidence of confidence in the agreement, arguing that investors had responded favourably to the prospect of reduced tensions.
“There’s nothing so smart as the market, and the market loves it beyond anything that I’ve actually seen,” he said.
He warned that failure to secure a deal could have significant global economic consequences, adding: “The alternative would be a worldwide depression.”
Energy markets appeared to reflect expectations of improved stability, with oil prices hovering near a three-month low.
Trump suggested prices could fall further if the agreement holds and global supply routes fully reopen.
“I think oil prices might get lower than where they were before the war,” he said.
While the agreement has eased immediate tensions, Trump’s remarks underline the fragile nature of the current truce. With key issues still unresolved and negotiations ongoing, the risk of renewed escalation remains.
The coming weeks are expected to be critical in determining whether the interim framework can develop into a lasting agreement or collapse under pressure from outstanding disputes.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment