G7 set to discuss climbing oil prices, release of emergency reserves
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint r...
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
U.S. President Donald Trump and Chinese President Xi Jinping are likely to hold a phone call this week, White House press secretary Karoline Leavitt announced, just days after Trump accused Beijing of backtracking on a recent tariff rollback deal.
Leavitt became the third senior Trump official to confirm the expected conversation, which aims to address ongoing disagreements over last month’s temporary tariff truce agreed in Geneva, as well as broader trade issues.
While the exact timing of the call remains unclear, U.S. Treasury Secretary Scott Bessent said Sunday on CBS’ Face the Nation that the leaders would speak “very soon,” with particular focus on China’s export restrictions on critical minerals and unresolved tariff disputes.
Trump himself expressed confidence last Friday, stating he was “sure” he would speak with Xi. However, Beijing indicated in April that no recent conversations between the two leaders had taken place.
On Saturday, the Office of the U.S. Trade Representative announced an extension of tariff exclusions on certain Chinese imports - including solar manufacturing equipment - through August 31, allowing more time for ongoing talks.
Bessent led last month’s negotiations with Chinese officials in Geneva, which resulted in a temporary 90-day pause on certain U.S. tariffs. The move triggered a short-lived global stock rally, but failed to resolve deeper issues - namely U.S. concerns over China’s state-driven economic model and industrial policies.
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.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of March, covering the latest developments you need to know.
Global oil prices have surged past $110 a barrel this Monday as fresh U.S.-Israeli strikes hit multiple targets, including oil depots. Stock markets fell on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz, raising concerns over global energy supply.
The U.S. embassy in Oslo was hit by a loud explosion early on Sunday (8 March), causing minor damage but no injuries, in what may have been a deliberate attack linked to the crisis in the Middle East, Norwegian police said.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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