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...
The United States has put forward a draft United Nations resolution marking the third anniversary of the Ukraine war, setting up a clash with Kyiv and European allies who have been negotiating their own text for a General Assembly vote on Monday.
The U.S. draft, seen by Reuters, is a brief three-paragraph statement mourning the loss of life in the "Russia-Ukraine conflict" and urging a swift end to the war. It reiterates the UN’s role in maintaining international peace and security but stops short of explicitly condemning Russia.
Russia has proposed an amendment to include language about addressing the "root causes" of the conflict. Moscow's UN Ambassador, Vassily Nebenzia, called the U.S. resolution a "good move," and a Russian diplomat indicated that Moscow might support it if its amendment is included.
Meanwhile, Ukraine and the European Union have spent weeks negotiating their own resolution, which calls for de-escalation, an early cessation of hostilities, and a resolution in line with international law. The text also reiterates demands from previous UN resolutions for Russia to withdraw its troops.
EU diplomats will meet to discuss the U.S. move, which comes amid a broader rift between Washington and Kyiv. U.S. President Donald Trump has launched a bid to broker an end to the war, raising concerns among European allies that Ukraine and the EU could be sidelined in any peace talks.
General Assembly resolutions are not legally binding but carry significant political weight. Unlike the UN Security Council, where Russia holds veto power, no country can block a General Assembly vote.
The latest Ukrainian-EU draft takes a more restrained approach in its criticism of Russia compared to earlier resolutions. Instead of directly denouncing Moscow, it references "the aggression." In contrast, a 2022 resolution condemning Russia's "illegal annexation" of Ukrainian regions received overwhelming support, with 143 countries voting in favor.
As the UN prepares for Monday’s vote, the competing resolutions highlight growing diplomatic divisions over the war’s trajectory and future peace efforts.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
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.
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.
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.
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.
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.
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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of August, covering the latest developments.
The United States has formally removed Syria from its list of state sponsors of terrorism, ending a designation that had been in place for nearly five decades and marking a major step in Washington's efforts to rebuild relations with the country's new leadership.
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