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 Sources say these countries aim to reduce the cap to $45, arguing that the current level is outdated due to falling global oil prices and ineffective in curbing Moscow’s war funding.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.
Thousands of revellers packed Berga's main square as fire-devil performers showered the crowd with sparks during Catalonia's UNESCO-listed La Patum fe...
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported...
At least 37 people have died after a powerful earthquake struck the southern Philippines, as rescuers continued searching a collapsed commercial build...
The Football Federation Islamic Republic of Iran (FFIRI) has accused the U.S. of preventing Iranian supporters from attending the country's World Cup ...
Iran and Israel have halted strikes on each other, but Tehran has warned it will recommence attacks if Israel continues military action in Lebanon. U...
Thousands of revellers packed Berga's main square as fire-devil performers showered the crowd with sparks during Catalonia's UNESCO-listed La Patum festival.
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported that Trump had privately told Benjamin Netanyahu “be careful, or you will be on your own very soon”.
The Football Federation Islamic Republic of Iran (FFIRI) has accused the U.S. of preventing Iranian supporters from attending the country's World Cup matches after its allocation of tickets was withdrawn just days before the tournament begins.
The United States has added some of China's biggest technology and automotive companies, including Alibaba, Baidu, BYD and Nio, to a Pentagon list of firms it believes are linked to Beijing's military.
Counting is underway in Armenia's elections. The results of the vote are set to determine the political direction of the country of three million people for the next few years. Prime Minister Nikol Pashinyan is hoping to fend off challenges from several pro-Russia candidates to secure a third term.
Armenian Prime Minister Nikol Pashinyan's Civil Contract party has won the Armenian elections, picking up nearly half the vote. With a majority in parliament, Pashinyan is set for a third term as Prime Minister. But an opposition politican has said he will challenge the election results.
The results of Armenia’s parliamentary elections will determine the makeup of the National Assembly and shape the country's political direction for the foreseeable future. But in Armenia, the final result is not decided by vote percentages alone. Here's how it works.
Barcelona is preparing to mark a historic milestone in the legacy of architect Antoni Gaudí as Pope Leo XIV visits the city this week to inaugurate the Tower of Jesus Christ at the Sagrada Família basilica, almost exactly 100 years after the visionary architect’s death.
Iran and Israel have halted strikes on each other, but Tehran has warned it will recommence attacks if Israel continues military action in Lebanon. U.S. President Donald Trump and Lebanese President Joseph Aoun have meanwhile made pleas for peace.
At least 37 people have died after a powerful earthquake struck the southern Philippines, as rescuers continued searching a collapsed commercial building for survivors in General Santos on Tuesday.
The Football Federation Islamic Republic of Iran (FFIRI) has accused the U.S. of preventing Iranian supporters from attending the country's World Cup matches after its allocation of tickets was withdrawn just days before the tournament begins.
The United States has added some of China's biggest technology and automotive companies, including Alibaba, Baidu, BYD and Nio, to a Pentagon list of firms it believes are linked to Beijing's military.
The Democratic Republic of Congo's latest Ebola outbreak has claimed more than 100 lives, with health authorities warning that armed conflict and attacks on aid workers are hindering efforts to contain the disease.
Somali referee Omar Abdulkadir Artan has been denied entry to the United States, preventing him from taking part in the FIFA World Cup 2026 and ending what would have been a historic moment for Somali football.
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