As G7 leaders prepare to meet, most member states are ready to cut the Russian oil price cap to $45 even without U.S. backing.
Several G7 nations, including the EU, UK, and Canada, are prepared to unilaterally lower the $60-a-barrel price cap on Russian oil, regardless of whether U.S. President Donald Trump supports the move. Sources say these countries aim to reduce the cap to $45, arguing that the current level is outdated due to falling global oil prices and ineffective in curbing Moscow’s war funding.
The decision is expected to be a key point of debate at the upcoming June 15–17 G7 summit in Canada. While the U.S. remains undecided, some American lawmakers like Senator Lindsey Graham support a tougher stance. With Britain’s grip on global shipping insurance and EU influence over compliant tanker fleets, European leaders believe they can act without full U.S. alignment. However, Washington's role remains critical in managing dollar-based oil transactions. Russia’s shrinking oil revenues and profit decline at state-run Rosneft signal that the pressure from existing sanctions is mounting.
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Ursula von der Leyen has defended the EU-U.S. tariff agreement, calling it a "conscious decision" that prevented a trade war, while responding to Mari...
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Iran's Supreme Leader, Ali Khamenei, rejected U.S. negotiations and criticized Israel in a speech on August 24, 2025, emphasizing that Iran would not ...
SpaceX launched its 50th Dragon spacecraft mission to the International Space Station (ISS) on Sunday, delivering 5,000 lbs of supplies and scientific experiments. The CRS-33 mission also supports critical research for future human space exploration.
The South Caucasus, a geopolitically significant but narrow passway between Europe and Asia, has recently become the center of global focus once again
Ursula von der Leyen has defended the EU-U.S. tariff agreement, calling it a "conscious decision" that prevented a trade war, while responding to Mario Draghi's criticism of the EU's influence in global trade.
Typhoon Kajiki, the 13th of the year, intensified as it struck Hainan's coastal city of Sanya on Sunday, bringing heavy rain, powerful winds, and heightened risks of flash floods and geological disasters. Authorities have activated emergency measures to ensure safety and prevent damage.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
SpaceX launched its 50th Dragon spacecraft mission to the International Space Station (ISS) on Sunday, delivering 5,000 lbs of supplies and scientific experiments. The CRS-33 mission also supports critical research for future human space exploration.
Ursula von der Leyen has defended the EU-U.S. tariff agreement, calling it a "conscious decision" that prevented a trade war, while responding to Mario Draghi's criticism of the EU's influence in global trade.
Typhoon Kajiki, the 13th of the year, intensified as it struck Hainan's coastal city of Sanya on Sunday, bringing heavy rain, powerful winds, and heightened risks of flash floods and geological disasters. Authorities have activated emergency measures to ensure safety and prevent damage.
Iran's Supreme Leader, Ali Khamenei, rejected U.S. negotiations and criticized Israel in a speech on August 24, 2025, emphasizing that Iran would not bow to foreign demands and reaffirming the nation's stance on sovereignty and resistance.
On Sunday, August 24, 2025, Russia and Ukraine conducted a significant prisoner exchange, each releasing 146 prisoners of war, facilitated by mediation from the United Arab Emirates. This swap is part of ongoing humanitarian efforts amid the prolonged conflict between the two nations.
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