Iran lays down pre-conditions for end to Israel-US war
Iran’s President Masoud Pezeshkian has set recognition of Tehran’s inalienable rights, payment of war ...
President Donald Trump filed an emergency motion Thursday with the US Court of Appeals to stop a recent ruling that blocked his global tariffs.
A three-judge trade court panel ruled Wednesday that Trump did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose worldwide tariffs on April 2. These tariffs included a 30% tax on Chinese goods, 25% on some products from Mexico and Canada, and 10% on most imports from other countries.
Trump used the IEEPA to justify the tariffs, saying they were aimed at stopping fentanyl trafficking and pushing trade deals with other countries.
Despite the court’s ruling, the White House said three major trade deals are nearly finished, and more talks are ongoing. They plan to take the case to the Supreme Court if needed.
White House economic adviser Kevin Hassett told Fox Business News the court decision would not affect negotiations, calling the ruling a minor hiccup.
Trade adviser Peter Navarro told Bloomberg, “Countries are still calling us wanting deals. These deals will happen.”
Most US trading partners in Europe and Asia stayed quiet about the court decision and appeal. Canada’s Prime Minister Mark Carney said the ruling “is consistent with Canada’s position” that the tariffs were unlawful and unjustified.
The lawsuit was brought by wine-seller VOS Selections and four other small businesses, which said the tariffs hurt their sales. Their lawyer, Ilya Somin, called the court ruling a “victory” against the president’s “massive power grab.”
Somin said the ruling shows Trump was wrong to claim unlimited power to impose tariffs and that such authority would be unconstitutional.
The 32 countries belonging to the Internatioanl Energy Agency agreed to release 400 million barrels of oil on Wednesday (11 March), in efforts aimed at bringing down the price of crude oil, which has soared since fighting between Iran, Israel and the U.S. started at the end of February.
Explosive-laden Iranian boats reportedly attacked two fuel tankers in Iraqi waters on Wednesday, killing one crew member, after four other vessels were hit in the Gulf. The attacks, targeting ships linked to the U.S. and Europe, raise the total struck in the region.
A towering lava fountain from Kilauea shot about 400 metres into the air late on Tuesday (11 March) on Hawaii Island, prompting temporary closures at Hawaii Volcanoes National Park and part of a key highway as volcanic ash and debris fell over nearby areas.
The Strait of Hormuz has become a focal point of global concern as tensions rise following the conflict involving Iran, the United States and Israel. Tehran has threatened to block the strategic waterway, raising fears of disruption to global oil shipments and energy markets.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12th of March, covering the latest developments you need to know.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Oil prices continue to fluctuate as a result of the conflict in the Middle East with Iran and the insecurity of ships sailing through the key Strait of Hormuz route. Iran has said it will target any ship linked to the U.S., Israel or their allies.
Britain has deployed the Royal Navy destroyer HMS Dragon to the eastern Mediterranean to strengthen protection for its military assets in the Middle East after a drone strike targeted a key UK air base in Cyprus earlier this month.
Member countries of the International Energy Agency have unanimously agreed to release 400 million barrels of oil from emergency reserves to stabilise global markets disrupted by the war involving Iran.
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