Oil prices hit four year high: Latest news on the Middle East conflict on 9 March
Global oil prices reached a four year high on Monday (9 March), surpassing $...
Greenland warns it may turn to China if the US and Europe don’t invest soon, as global powers compete for Arctic dominance.
Greenland’s Minister for Business and Mineral Resources, Naaja Nathanielsen, has called on the West to act swiftly on investment opportunities, particularly in the mining sector. In an interview with the Financial Times, she warned that if the US and Europe fail to engage, Greenland will be forced to seek support from alternative partners, including China.
“We want to develop and diversify our business sector, and that requires foreign investment,” she said.
Nathanielsen emphasized that Greenland prefers to work with American and European partners. However, if they do not show up, she said the country will have no choice but to look elsewhere — a move that could intensify geopolitical competition in the Arctic.
Trump’s Pressure Sparks Backlash
U.S. President Donald Trump repeatedly voiced interest in acquiring Greenland, once saying, “We’re going to get it one way or the other.” Nathanielsen harshly criticized this rhetoric:
“We have no desire to become part of America. Trump's threats to take control of Greenland were disrespectful and unwelcome,” she said.
According to Nathanielsen, Trump’s stance sparked growing resentment among Greenland’s 57,000 citizens.
China’s Role Still Limited
Despite geopolitical tensions, China’s current presence in Greenland remains minimal. Nathanielsen noted that only two Chinese mining companies are involved in dormant projects and hold minority stakes.
She suggested that Chinese investors might be staying cautious “so as not to provoke anything.”
These remarks came as Greenland issued its first mining license under a new legal framework. The license was granted to a Danish-French consortium for the extraction of anorthosite — a mineral used in the fiberglass industry. Construction of the €150 million project in Western Greenland is expected to begin next year, with investment from Greenland’s national pension fund, Denmark’s Arbejdernes Landsbank, and France’s Jean Boulle Mining Group.
Beijing Backs Danish Sovereignty Amid US Pressure
In response to renewed US interest in Greenland, China has openly expressed its support for Denmark’s sovereignty over the autonomous territory.
During a meeting in Beijing, Chinese Foreign Minister Wang Yi told his Danish counterpart Lars Løkke Rasmussen that China “fully respects Denmark’s sovereignty and territorial integrity on the issue of Greenland,” according to the state-run Global Times.
The diplomatic exchange comes as the two countries mark 75 years of diplomatic relations. Wang emphasized that China is ready to deepen cooperation with Denmark, based on openness and green development, and called for stronger political trust between the two nations.
A New Geopolitical Reality in the Arctic
Greenland is not only rich in untapped natural resources like gold and copper — it also holds strategic importance in the Arctic. As global powers, including the US, China, and the EU, compete for influence, Greenland is navigating a complex diplomatic and economic landscape.
Nathanielsen stated that the new four-party coalition government in Nuuk is committed to prioritizing development “for Greenland and Greenlanders first” and prefers to work with allies and “like-minded partners.”
“We’re trying to understand what the new world order looks like. From that perspective, yes — Chinese investments can be problematic. But to some extent, so can American ones,” she noted. “Because the question remains: What is the purpose behind [America’s] investments?”
She added that the EU is a “good partner” for Greenland, given its lack of critical minerals and shared environmental standards.
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.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
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.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
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.
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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