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 12th, covering the latest developments you need to know.
1. US to resume security support to Ukraine as Kyiv says it is ready to accept ceasefire proposal
The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after Kyiv said it was ready to support Washington's proposal for a 30-day ceasefire with Russia, the countries said in a joint statement.
After more than eight hours of talks with Ukrainian officials in Jeddah, Saudi Arabia, U.S. Secretary of State Marco Rubio said the U.S. would now take the offer to Russia, and the ball is in Moscow's court.
2. Yemen's Houthis to resume attacks on Israeli ships after Gaza aid deadline ended
The Houthis had launched more than 100 attacks targeting shipping from November 2023, saying they were in solidarity with Palestinians over Israel's war with Hamas in Gaza.
3. Greenland's pro-business opposition wins election amid Trump control pledge
Greenland's pro-business opposition Demokraatit party won Tuesday's closely watched parliamentary election, beating the incumbent left-wing coalition in a vote dominated by U.S. President Donald Trump's pledge to take control of the island.
Demokraatit, which favours a slow approach to independence from Denmark, secured 29.9% of the votes with all ballots counted, up from 9.1% in 2021, ahead of the opposition Naleraq party, which favours rapid independence, at 24.5%.
4. US House Republicans pass stopgap bill to fund government
The Republican-controlled U.S. House of Representatives on Tuesday passed a stopgap bill to keep federal agencies funded past Friday, averting a partial shutdown beginning this weekend even as President Donald Trump dramatically cuts the government.
The bill passed in a nearly party-line 217-213 vote, with one Republican voting no and one Democrat yes.
The continuing resolution, which largely keeps the government funded at its current level through September 30, would need to be passed by the Republican-majority Senate and signed by Trump into law by Friday to avoid a shutdown.
5. In rare meeting without U.S. ally, Western army chiefs meet to show Ukraine unity
More than 30 army chiefs among Washington's closest allies met in Paris on Tuesday without their U.S. counterparts, seeking to take on more responsibility over the Ukraine war given President Donald Trump's unpredictability and rapprochement with Moscow.
The closed-door gathering of 34 army chiefs, including NATO alliance and EU members as well as Japan and Australia, was a rare - and possibly unprecedented - convening without the U.S.
6. Pakistan insurgents take dozens of hostages in attack on train, police say
Separatist militants blew up a railway track and opened fire on a passenger train in southwestern Pakistan on Tuesday, taking dozens of hostages and battling security forces conducting a rescue operation, police and the insurgents said.
Police have not specified how many passengers were taken hostage in the remote mountainous area but the insurgents said they were holding 214 people, and have threatened to start executing them.
7. Trump halts plan for 50% steel and aluminium tariffs on Canada
Donald Trump has halted a plan to double US tariffs on Canadian steel and metal imports to 50%, just hours after first threatening them.
Tariffs of 25% are still going ahead and will take effect from the 12 March.
8. EU to impose counter tariffs on over $28 billion of US goods
The European Union will impose counter tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods from next month in response to U.S. tariffs on steel and aluminium, the European Commission said in a statement on Wednesday.
The commission said it will end the current suspension of tariffs on U.S. products on April 1 and will also put forward a new package of countermeasures on U.S. goods by mid-April.
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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