British Prime Minister Keir Starmer has defended his government’s decision to ease certain sanctions on Russian jet fuel and diesel imports, saying the move is necessary to protect consumers as global energy prices surge amid conflict in the Middle East. Read More: Russian economy hit by series of sanctions The UK government issued a trade licence allowing […]
Russia sanctions
Lavrov says US-Russia ties stalled
Russian Foreign Minister Sergei Lavrov said that US-Russia relations remain stagnant despite public optimism about cooperation. He stated that although both sides speak positively about potential engagement, little progress has been achieved. His remarks highlight continuing tensions between Moscow and Washington despite renewed diplomatic contact. Lavrov noted that discussions about cooperation in technology, energy and […]
Oil prices dip for third month
SINGAPORE – Oil prices edged lower on Friday, marking a third consecutive monthly decline, as a stronger U.S. dollar curbed investor appetite for commodities and growing global supply offset the impact of Western sanctions on Russian exports. Brent crude futures slipped 33 cents, or 0.51%, to $64.67 a barrel by 0027 GMT, while U.S. West […]
US, India seek to ease trade tensions in Malaysia
KUALA LUMPUR — United States Secretary of State Marco Rubio met with India’s Foreign Minister Subrahmanyam Jaishankar on Monday in Malaysia, as both sides sought to rebuild momentum in trade talks and defuse strains caused by Washington’s recent tariffs and sanctions. The meeting, held on the sidelines of the ASEAN summit, marked the highest-level contact […]
Oil prices climb as U.S.–China trade framework boosts market optimism
Oil prices rose in early Asian trading on Monday after U.S. and Chinese officials outlined a trade-deal framework, easing global economic concerns and boosting investor sentiment. The agreement between the world’s top two oil consumers is seen as a step toward reducing trade tensions that have weighed on global growth and energy demand. Brent crude […]
President Trump to visit Asia for ASEAN Summit and bilateral talks
Washington D.C. — White House Press Secretary Karoline Leavitt announced that President Trump will travel to Asia tomorrow to attend the ASEAN Summit, hold bilateral meetings in Japan and Busan, and meet with Chinese President Xi Jinping to discuss economic cooperation and regional security. Leavitt emphasized that the trip aims to strengthen trade relations, security […]
Oil prices dip after surge but remain set for strong weekly gain
NEW DELHI – Oil prices edged lower in early Friday trade, giving up some of the sharp gains from the previous session but staying on track for a weekly increase, as new U.S. sanctions on Russia’s top oil producers stoked global supply concerns. Brent crude futures slipped 36 cents, or 0.55%, to $65.63 a barrel, […]
Trump’s Tariff Threats Overshadow IMF
WASHINGTON– Finance ministers and central bankers gathering in Washington this week for the IMF and World Bank annual meetings are facing renewed global uncertainty after Donald Trump reignited the US-China trade war, threatening 100% tariffs on Chinese imports. The move has rattled markets and overshadowed what was expected to be a week focused on the […]
Oil Rises as OPEC+ Announces Modest Output Hike
SINGAPORE— Oil prices rose around 1.5% on Monday after OPEC+ announced a more modest production increase than expected, easing fears of a supply surge. However, analysts say that weak global demand could cap any near-term rally. Brent crude futures rose 91 cents (1.4%) to $65.44 a barrel by 0315 GMT, while U.S. West Texas Intermediate […]