Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Chinese Vice Premier He Lifeng will visit the UK from June 8–13 for the first round of China-U.S. economic and trade consultations. Talks will include U.S. Treasury and Commerce Secretaries and Trade Representative Jamieson Greer.
China’s Vice Premier He Lifeng is set to visit the United Kingdom from June 8 to June 13, the Chinese Foreign Ministry announced on Saturday. The visit will coincide with the inaugural meeting of the China-U.S. economic and trade consultation mechanism, marking a fresh phase in efforts to stabilise bilateral trade relations.
The ministry stated that the high-level talks with the United States will take place during Vice Premier He's stay in the UK. The consultation mechanism was launched earlier this year to create a structured dialogue following renewed commitments by both nations to ease trade tensions.
Vice Premier He Lifeng, who led China’s delegation during the initial round of trade talks in May, will once again head Beijing’s negotiating team.
On the American side, President Donald Trump confirmed on Friday that the U.S. delegation will include Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer. All three officials are expected to play pivotal roles in framing Washington’s economic approach toward China under the current administration.
The upcoming talks are widely seen as a potential turning point in U.S.-China relations, as both sides seek to address key issues ranging from market access and supply chain resilience to intellectual property protections and bilateral investment frameworks.
Observers say the UK setting offers a neutral venue for renewed dialogue as global markets watch closely for signs of progress in one of the world's most consequential economic relationships.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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