live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
U.S. President Donald Trump has warned that the Israel-Hamas ceasefire will be scrapped if all hostages held in Gaza are not released by Saturday at noon, saying he would let “all hell break loose.”
Speaking from the Oval Office on Monday, President Donald Trump said that if the remaining hostages are not freed by the deadline, he would support ending the ceasefire. He also suggested withholding U.S. aid to Jordan and Egypt if they refuse to take in Palestinian refugees from Gaza.
The ceasefire, in place since January 19, has held despite sporadic incidents. However, tensions escalated after Hamas’ military wing announced a halt to further hostage releases, accusing Israel of blocking aid, targeting Palestinians, and delaying the return of displaced Gazans.
In response, Israeli protesters gathered at Hostages Square in Tel Aviv, demanding the government prioritise negotiations to secure the captives’ release. Families of the hostages have urged officials to ensure the deal continues without further setbacks.
Israeli Defence Minister Israel Katz rejected Hamas’ claims, stating that delaying hostage exchanges violates the agreement. He has instructed the military to maintain maximum readiness in Gaza.
Meanwhile, Prime Minister Benjamin Netanyahu addressed lawmakers in the Knesset, reaffirming Israel’s commitment to bringing the hostages home. He warned that those responsible for harming captives would “bear the consequences.” Netanyahu also praised Trump’s post-war proposal for Gaza’s future, calling it a “new, revolutionary idea.”
Mediators from Qatar and Egypt warn that the ceasefire agreement is in jeopardy, with both sides accusing each other of violations. Talks over the next phase remain stalled, increasing uncertainty about whether the truce will hold or if fighting will resume.
Trump’s comments add further pressure to the already fragile negotiations, raising the stakes for all parties involved.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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