News
China remains high on the agenda at the G7 summit
Foreign ministers from the Group of Seven wealthy nations have released a strongly worded communique following their first face-to-face talks in two years.
China’s poor human rights record and its economic bullying were at the top of the agenda for the meeting in London.
In a 12,400 word communique, issued following the meeting, the group committed to working collectively to “foster global economic resilience in the face of” what it declares “arbitrary, coercive economic policies and practices.”
The collective pushback comes after China targeted specific Australian industries, amid a major breakdown in ties between Canberra and Beijing.
G7 nations have also condemned China’s human rights record. The foreign ministers say they are “deeply concerned” by “the targeting of Uyghurs, members of other ethnic and religious minority groups, and the existence of a large-scale network of ‘political re-education camps, and reports of forced labor systems and forced sterilisation.”
Russia has also been criticised by the Group of Seven rich democracies for trying to undermine democracies.
Despite the foreign ministers strongly condemning China and Russia, the group won’t be taking any concrete action. It will be up to individual countries to decide what action – if any – they would like to take.
What’s happening in the Middle East?
- Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
- Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
- Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
- More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
- Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears
News
Oil prices surge amid rising Middle East conflict risks
Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.
Crude oil surges 7% amid fears of Middle East conflict; Strait of Hormuz disruptions may push Brent over $100.
Crude oil prices spiked dramatically as investors react to the growing risk of a wider conflict in the Middle East. U.S. crude surged 7.2 percent, trading near $71.84 a barrel, signalling heightened concern across energy markets.
The Strait of Hormuz, a critical shipping chokepoint, has come under intense scrutiny. Rising war-risk insurance premiums and suspended tanker traffic are already slowing the movement of oil, creating ripple effects in global supply chains.
JPMorgan has warned that prolonged disruptions over three weeks could force Gulf producers to reduce output, potentially pushing Brent crude prices to between $100 and $120 a barrel. Markets are closely watching for developments that could reshape global energy pricing.
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News
Trump warns of last opportunity to hit Iran as conflict escalates
Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.
Trump declares final chance to strike Iran, aiming to dismantle missile systems and prevent nuclear weapons amid U.S. troop losses.
President Trump has declared this is the final opportunity to strike Iran as conflict intensifies across the Middle East, outlining four key military objectives including dismantling Iran’s missile capabilities and targeting its navy.
The U.S. says its mission is to prevent Iran from acquiring a nuclear weapon and to halt its alleged support for terrorist groups abroad, signalling a potentially prolonged campaign in the region.
Four U.S. troops have already been killed, with officials warning further casualties are possible as operations continue.
#Trump #Iran #MiddleEast
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