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...
Russia has expressed that while quick resolutions with the U.S. are not expected, there is potential for progress if both sides are willing.
This statement was made by Kremlin Spokesperson Dmitri Peskov during a meeting between Russian and U.S. diplomats in Istanbul.
Peskov outlined that agreements reached in Riyadh were further developed during the Istanbul talks. Diplomats are working to finalize the understanding that emerged from the phone call between Presidents Donald Trump and Vladimir Putin, as well as the agreements made in Riyadh between high-ranking Russian and U.S. delegations.
“There are basic agreements to this effect which had been achieved in Riyadh. Today another meeting on expert level took place in Istanbul. Our diplomats are working to develop the understanding which has been reached during the phone call between the two presidents Donald Trump and Vladimir Putin, and those agreements achieved in Riyadh between the high-ranking delegations of Russia and U.S.A. Probably, there is no need to run ahead yet. The information on the outcome of the talks will be provided, one way or another,” Peskov said.
In addition to the progress made on these agreements, Peskov also discussed potential areas for future cooperation between Russia and the U.S. One of these areas could be the joint development of natural resources in the Arctic, although he emphasized that no substantive talks have yet taken place on this matter.
He further commented on the current state of U.S. leadership, highlighting a significant shift in President Trump's approach. “What we see is that President Trump speaks himself and is ready to listen to the others. This is very important and this is what differs dramatically from the previous Washington administration,” Peskov noted.
As the discussions continue, Russia remains cautiously optimistic about the potential for further progress, even as both sides work through the complexities of their relationship.
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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