Oil prices hit four year high: Latest news on the Middle East conflict on 9 March
Global oil prices reached a four year high on Monday (9 March), surpassing $...
The EU aims to collaborate with Trump to address China's "non-market policies," as trade tensions rise. It is also considering protective measures to shield key industries from foreign competition.
The European Union has expressed a strong interest in collaborating with the U.S. President Donald Trump to address China's "non-market policies," according to recent statements by EU trade chief Maroš Šefčovič. This initiative aims to counteract competitive threats posed by China's economic practices.
Šefčovič emphasized the importance of transatlantic cooperation in tackling these challenges, highlighting that the EU, the U.S, and Japan had previously united during Trump's first term to address similar concerns regarding China's economic behavior.
This move comes amid heightened global trade tensions, with President Trump recently threatening new tariffs against both China and the EU. He announced discussions about imposing a 10% punitive duty on Chinese imports, citing issues such as fentanyl trafficking. Trump also expressed concerns over the EU's trade surpluses with the United States, suggesting potential tariff measures in response.
In response to these developments, the EU is considering strategies to strengthen its economic position. One such proposal involves allowing governments to favor European bidders in public procurement processes, a move reminiscent of Trump's "America First" policy. This draft plan aims to protect critical EU sectors from cheaper foreign competitors, particularly from China. However, critics argue that the policy might conflict with existing EU laws and World Trade Organization rules, which mandate non-discrimination in procurement.
The EU's willingness to collaborate with the Trump administration reflects a strategic approach to navigate the complexities of global trade dynamics and to address shared concerns over China's economic practices.
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.
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 surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
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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