The European Commission has announced its 18th sanctions package targeting Russia, focusing on cutting Moscow’s energy revenues and limiting its military capabilities.
On Tuesday, European Commission President Ursula von der Leyen unveiled the latest, 18th set of sanctions against Russia in response to its invasion of Ukraine. The new measures aim to restrict Russia’s energy income and military industry by banning transactions related to the Nord Stream gas pipelines and targeting banks involved in evading sanctions. Additionally, the Commission proposed lowering the G7 price cap on Russian crude oil from $60 to $45 per barrel. The package also includes expanding the list of vessels in Russia’s shadow fleet and oil trading firms under scrutiny. EU member states will begin discussions on this proposal this week.
Iran set ablaze two tankers in Iraqi waters as it stepped up attacks on oil and transport facilities across the Mi...
Norwegian police apprehe...
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 ...
Iran's Sports Minister Ahmad Donyamali has announced on state television that Iran will not participate in the FIFA tournament, calli...
The 32 countries belonging to the Internatioanl Energy Agency agreed to release 400 million barrels of oil on Wednesday (11 March), in efforts aime...
“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
British Prime Minister Keir Starmer was warned about the "reputational risks" of appointing Peter Mandelson as U.S. Ambassador due to his friendship with convicted sex offender Jeffery Epstein, files released on Wednesday (11 March) show.
President of the European Council, Antonio Costa, visited Azerbaijan on Wednesday. A meeting between Costa and President Ilham Aliyev was held to reaffirm the European Union’s support amid regional security concerns, particularly following recent Iranian attacks on Nakhchivan Airport.
A wave of attacks across Israel and southern Lebanon escalated on Wednesday (11 March), with authorities reporting up to 12 incoming missile and drone alerts over Tel Aviv and Jerusalem.
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.
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.
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.
Azerbaijan is evacuating nearly 200 people from the Middle East on a special charter flight departing from Oman.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
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.
The annual pro-Palestinian al-Quds Day march in London, scheduled to take place on Sunday, has been banned by Home Secretary Shabana Mahmood following warnings from the Metropolitan Police about the risk of “serious public disorder.”
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