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...
Start your day informed with AnewZ Morning Brief: here are the top news stories for March 11th, covering the latest developments you need to know.
1. Oil Tanker collision in north sea
Emergency response teams are working tirelessly to contain the spill and prevent further environmental damage. Authorities are investigating the cause of the collision and assessing the impact on marine life.
2. US stock market plunge
The Nasdaq Composite experienced its largest one-day decline since September 2022, leading to a substantial loss in market value. Investors are concerned about the ongoing trade tensions and economic uncertainties.
Analysts are closely monitoring the situation, as the decline could have a ripple effect on global markets. Several key sectors, including technology and finance, were hit hard by the downturn.
3. Azerbaijan rejects Armenia’s baseless accusations regarding mine threat
Azerbaijan has rejected Armenia’s baseless claims about a mine threat and called for global assistance in clearing mines from occupied areas.
Azerbaijan’s Permanent Mission to the UN Office in Geneva, along with other international bodies, responded to accusations made by an Armenian representative at the 58th session of the UN Human Rights Council.
During the session on March 10 in Geneva, Azerbaijan firmly dismissed the Armenian delegation’s allegations and urged an end to the spread of misleading narratives. The response also noted that Azerbaijan remains one of the most heavily mined countries globally, with over 1.5 million mines and many other explosive remnants left behind during the Armenian occupation. Currently, more than 13% of Azerbaijan’s territory is still affected by landmines.
4. Marco Rubio on G-7 Meet
US Secretary of State Marco Rubio vowed to block "antagonistic" language on Russia at the upcoming G-7 meeting. He emphasized the need for a balanced approach to international diplomacy.
5. Elon Musk's Cyberattack Claim
Elon Musk blamed a "massive cyberattack" for outages on his social media platform X. The incident caused widespread disruptions, affecting millions of users.
Cybersecurity experts are investigating the nature and extent of the attack. Musk has pledged to strengthen the platform's security measures to prevent future occurrences.
6. Trump’s recession comment betrays a dicey tariff pitch
Amid looming trade wars, rising inflation and stock market volatility, President Donald Trump wouldn't say in an interview released Sunday whether the United States could face a recession this year.
Asked on Fox's "Sunday Morning Futures" about the possibility – which has sparked some fears since last week, when the Federal Reserve Bank of Atlanta posted preliminary economic data showing negative growth – Trump said, "I hate to predict things like that."
"There is a period of transition," he told Fox host Maria Bartiromo, "because what we’re doing is very big."
7. US and Ukraine to meet in Saudi Arabia after disastrous White House talks
U.S. and Ukrainian officials were to meet in Saudi Arabia on Tuesday for talks aimed at mending ties and gauging if Ukraine is willing to make concessions under President Donald Trump's push to end Russia's war with Ukraine swiftly.
Washington, Ukraine's main ally before Trump's inauguration in January, has upended its policy on the conflict to pursue a rapid end to the fighting. Trump has engaged directly with Moscow, stopped military assistance to Kyiv and paused intelligence sharing with Ukraine, which Russian troops invaded at scale in 2022.
8. Syria's interim president signs deal with Kurdish-led SDF to merge forces
The Kurdish-led and U.S.-backed Syrian Democratic Forces, which controls much of Syria's oil-rich northeast, signed a deal with the Damascus government on Monday to join Syria's new state institutions, the Syrian presidency said on Monday.
Photos showed interim President Ahmed al-Sharaa and SDF commander Mazloum Abdi shaking hands in Damascus on the agreement that provides for SDF-controlled civilian and military institutions in northeast Syria to be integrated with the state.
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.
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.
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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