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 Sources say these countries aim to reduce the cap to $45, arguing that the current level is outdated due to falling global oil prices and ineffective in curbing Moscow’s war funding.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.
Freezing temperatures and heavy snowfall have pushed vulnerable Afghan families to breaking point, adding new pressure to a country already battered b...
Iran’s armed forces are prepared to “immediately and powerfully” respond to any U.S. attack, Foreign Minister Seyed Abbas Araghchi said, as Amer...
“The decision is made that the Qamishli air base is not needed anymore,” political analyst Dmitry Bridzhe said, as Russia begins withdrawing force...
The 27 European Union member states have approved €20 million (approximately $23.3 million) in assistance for Armenia from the European Peace Faci...
“For some weeks now, we have been seeing with increasing clarity the emergence of a world of great powers,” German Chancellor Friedrich Merz said ...
The European Union has added Iran's Islamic Revolutionary Guard Corps (IRGC) to its list of terrorist organisations, citing the group’s role in recent deadly crackdowns on protesters. EU foreign policy chief Kaja Kallas called it a “decisive step” to ensure that “repression cannot go unanswered.”
Iran’s armed forces are prepared to “immediately and powerfully” respond to any U.S. attack, Foreign Minister Seyed Abbas Araghchi said, as American military assets arrived in the Middle East amid renewed tensions over Tehran’s nuclear program.
“The decision is made that the Qamishli air base is not needed anymore,” political analyst Dmitry Bridzhe said, as Russia begins withdrawing forces from its facility in northeastern Syria amid shifts in the country’s political and security landscape.
“For some weeks now, we have been seeing with increasing clarity the emergence of a world of great powers,” German Chancellor Friedrich Merz said on Thursday (29 January), declaring that Europe had found “self-respect” in standing up for a rules-based global order.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Residents in Syria’s Kurdish-majority city of Qamishli have stepped up volunteer patrols amid growing pressure from the country’s Islamist-led government, expressing deep mistrust of Damascus despite a fragile U.S.-backed ceasefire.
Liverpool confirmed direct qualification to the UEFA Champions League round of 16 with a 6-0 win over Qarabağ at Anfield in their final league-phase match. Despite the setback, Qarabağ secured a play-off spot, with results elsewhere going in the Azerbaijani champions’ favour on the final matchday.
Iraq's former Prime Minister Nouri Al-Maliki said on Wednesday that he rejects U.S. interference in Iraq's internal affairs, after U.S. President Donald Trump threatened to cut off support to the country if Maliki was picked as prime minister.
Syrian President Ahmed al-Sharaa stressed to U.S. President Donald Trump in a phone call on Tuesday the importance of unifying international efforts to prevent the return of "terrorist groups", including Islamic State.
“For some weeks now, we have been seeing with increasing clarity the emergence of a world of great powers,” German Chancellor Friedrich Merz said on Thursday (29 January), declaring that Europe had found “self-respect” in standing up for a rules-based global order.
Colombian authorities on Wednesday (28 January) located a missing plane carrying 15 people in the northeast of the country, with no survivors found, an Air Force source and local media said.
Chinese authorities say they've carried out capital punishment against a group of individuals tied to notorious telecommunications fraud syndicates operating across the southern border, according to state news agency Xinhua.
Prime Minister Sanae Takaichi's Liberal Democratic Party is likely to increase its number of parliamentary seats and gain a majority in the lower house, a preliminary survey by the Nikkei newspaper showed on Thursday (29 January).
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 29th of January, covering the latest developments you need to know.
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