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 Sources say these countries aim to reduce the cap to $45, arguing that the current level is outdated due to falling global oil prices and ineffective in curbing Moscow’s war funding.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.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
Tensions flared up in the Middle East as tensions between Iran and Israel have escalated to the point where the stakes cannot be any higher.
Israel’s military is bracing for a long-term conflict, with IDF officials warning of expected Iranian retaliation and ongoing operations in Gaza.
Iranian President Masoud Pezeshkian has called for national unity and urged citizens to trust the government following Israel’s strikes on Iranian territory.
U.S. President Donald Trump has urged Iran to reach a deal on its nuclear program, warning that more violence could follow after Israel’s latest strikes on Iranian targets.
Viswashkumar Ramesh, the only known survivor of the Air India crash in Ahmedabad, said he escaped through an emergency exit as bodies lay scattered around him.
The Dutch caretaker government has expressed support for NATO’s proposed 5% GDP defence spending target, citing rising security threats as justification.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
Tensions flared up in the Middle East as tensions between Iran and Israel have escalated to the point where the stakes cannot be any higher.
Israel’s military is bracing for a long-term conflict, with IDF officials warning of expected Iranian retaliation and ongoing operations in Gaza.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Viswashkumar Ramesh, the only known survivor of the Air India crash in Ahmedabad, said he escaped through an emergency exit as bodies lay scattered around him.
The Dutch caretaker government has expressed support for NATO’s proposed 5% GDP defence spending target, citing rising security threats as justification.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
Israel’s military is bracing for a long-term conflict, with IDF officials warning of expected Iranian retaliation and ongoing operations in Gaza.
U.S. President Donald Trump has urged Iran to reach a deal on its nuclear program, warning that more violence could follow after Israel’s latest strikes on Iranian targets.
Viswashkumar Ramesh, the only known survivor of the Air India crash in Ahmedabad, said he escaped through an emergency exit as bodies lay scattered around him.
The Dutch caretaker government has expressed support for NATO’s proposed 5% GDP defence spending target, citing rising security threats as justification.
U.S. President Donald Trump confirmed he and his team were aware of Israel’s plans to strike Iran, calling the operation “very successful.”
Tensions flared up in the Middle East as tensions between Iran and Israel have escalated to the point where the stakes cannot be any higher.
Israel’s military is bracing for a long-term conflict, with IDF officials warning of expected Iranian retaliation and ongoing operations in Gaza.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment