Saudi shuts down oil pipeline as Houthis tighten grip on Red Sea shipping
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
Britain’s Trade Minister Jonathan Reynolds is set for a pivotal week of negotiations with U.S., EU, and Indian officials as fresh U.S. steel tariffs complicate the implementation of recent trade agreements.
This week, UK Trade Minister Jonathan Reynolds embarks on a series of high-profile meetings in Paris and Brussels to address the challenges surrounding recently announced U.S. steel tariffs and to advance key trade agreements with Britain’s major partners.
On Tuesday, Reynolds will meet with U.S. Trade Representative Jamieson Greer to discuss the practicalities of a trade deal agreed last month between the UK and the U.S. Although the deal aimed to lower tariffs on British steel and cars, the implementation has faced delays, and recent announcements suggest U.S. steel tariffs could rise sharply from 25% to 50%, threatening British producers.
Industry experts warn that the tariff increase would severely impact UK steel manufacturers, calling it a “body blow” to the sector. The British government is actively engaging with U.S. counterparts to assess the impact and push for clarity on the timeline for rolling out the bilateral agreement.
Beyond the U.S., Reynolds is scheduled to meet with Indian Commerce Minister Piyush Goyal to discuss the ongoing finalisation of a Free Trade Agreement between the two nations. While the legal texts are near completion, the agreement still requires ratification, which could take several months.
Reynolds’ itinerary also includes talks with EU Trade Commissioner Maros Sefcovic, continuing efforts to ease trade frictions without reopening Brexit arrangements. The UK recently announced the suspension of border checks on EU fruit and vegetable imports, a move designed to smooth food trade ahead of the planned removal of red tape between the UK and EU.
Reynolds emphasized the importance of evolving trade relationships with the UK’s largest partners, stating, “We recognize our relationship with G7 allies and EU counterparts must continue to evolve and deliver a better trading environment for our businesses and exporters.”
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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