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...
China has restated its steadfast support for Pakistan during high-level talks in Beijing, even as it calls for peaceful resolution of conflicts and enhanced regional cooperation in South Asia, where tensions have been on the rise.
In a strong show of solidarity, China has reiterated its unwavering support for Pakistan, its “ironclad friend,” while calling for increased diplomatic engagement and regional trust-building amid mounting tensions across South Asia.
Speaking alongside visiting Pakistani Foreign Minister Ishaq Dar in Beijing, Chinese Foreign Minister Wang Yi pledged deepened cooperation in security and economic affairs, reaffirming the strategic partnership between the two nations. “China supports Pakistan in firmly safeguarding its national sovereignty and territorial integrity,” Wang stated during a trilateral dialogue involving Afghanistan’s Acting Foreign Minister Amir Khan Muttaqi.
Foreign Minister Dar, addressing regional concerns following heightened hostilities between Pakistan and India, declared Islamabad’s resolve to “firmly safeguard its national sovereignty and territorial integrity,” while also welcoming China’s diplomatic role. The visit comes on the heels of India’s recent military operation dubbed “Operation Sindoor,” which escalated tensions with Pakistan and raised alarms across the region.
In a carefully calibrated message, Wang Yi emphasized the importance of dialogue between India and Pakistan. “We encourage all parties to resolve disputes through peaceful dialogue and mutual respect,” he said. While firmly backing Pakistan, China sought to present itself as a stabilizing force amid deepening geopolitical fault lines in South Asia.
The meeting also marked a renewed trilateral engagement between China, Pakistan, and Afghanistan, as Beijing pushes for regional stability through strategic connectivity and economic integration. The three sides agreed to further expand the China-Pakistan Economic Corridor (CPEC) into Afghanistan - a move seen as pivotal to Beijing’s Belt and Road Initiative and post-conflict development in the region.
The trilateral dialogue focused on strengthening cross-border coordination, counterterrorism efforts, and diplomatic normalization. Notably, Pakistan and Afghanistan agreed in principle to exchange ambassadors for the first time since the Taliban’s return to power, signaling a tentative thaw in bilateral ties.
Wang Yi hailed the agreement as a milestone. “China encourages Afghanistan and Pakistan to build mutual trust, resolve disputes through dialogue, and jointly promote peace and development,” he said.
China’s intensified engagement with both Pakistan and Afghanistan comes at a time of shifting regional dynamics. With US. influence receding from the region and India asserting a more muscular posture, Beijing appears increasingly eager to position itself as the anchor of regional diplomacy and security.
Analysts say China’s support for Pakistan serves both geopolitical and economic objectives by deterring Indian influence in South Asia while securing trade and energy corridors through restive border regions.
“China's overt diplomatic and material support for Pakistan underscores the strategic depth of their partnership,” said Dr. Lina Chen, a South Asia analyst based in Shanghai. “At the same time, urging dialogue with India allows China to maintain its image as a responsible power, even while aligning more closely with Islamabad.”
With tensions simmering and regional alliances in flux, China’s balancing act - pledging firm loyalty to Pakistan while promoting regional dialogue - reflects its growing ambition to reshape the contours of South Asian geopolitics.
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.
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