U.S. President Donald Trump has called on Ukrainian President Volodymyr Zelensky to halt strikes on Russian oil refineries and other infrastructure used to produce and distribute diesel, saying the attacks are causing a global shortage. He spoke after diesel prices in the U.S. hit a record on Friday, soaring past $6 a gallon on average.
Ukraine has for months been targeting Russia's oil and gas industry with long-range strikes, prompting fuel rationing across the country and causing Moscow to ban diesel exports in July, removing supplies from the already tight global market.
Full Story
Russia announced Friday that it was rolling out its long-delayed 5G mobile network, but that iPhone users would be unable to connect until Apple coordinated the move with Moscow.
Full Story
Leaders of the BRICS nations will meet in New Delhi this weekend as wars in Ukraine and the Middle East and U.S.-China tensions test the group's ability to act together.
Host India will seek to balance its ties with China and Russia against its growing partnerships with the United States and other Western powers.
Full Story
The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing costs.
The central bank for the 21 EU member countries that use the euro currency raised its benchmark rate by a quarter percentage point to 2.50% at a meeting held in Berlin, away from the bank's Frankfurt headquarters.
Full Story
The leader of the United Arab Emirates began a state visit to Germany on Thursday, during which deals worth billions of euros will be signed in sectors including energy and technology, Emirati diplomats said.
Berlin rolled out the red carpet for Sheikh Mohamed bin Zayed Al Nahyan, who was received with military honors by President Frank-Walter Steinmeier and was later to meet Chancellor Friedrich Merz.
Full Story
Shares in Europe and Asia were mostly lower Thursday following a retreat on Wall Street as the price of crude oil again traded above $100 a barrel.
The future for the S&P 500 rose 0.2% and that for the Dow Jones Industrial Average was up 0.4%.
Full Story
President Donald Trump said Wednesday that oil prices that have surged because of the Iran war likely won't come down until after U.S. midterm elections.
Oil prices on Wednesday jumped more than 3%, pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran escalated.
Full Story
British Foreign Secretary Ed Miliband said Wednesday he was disappointed with Israel's response to the government's decision to ban trade with Israeli settlements in the occupied West Bank, and rejected criticism from the U.K.'s chief rabbi.
Israel responded Tuesday by closing the British consulate in east Jerusalem and banning 11 lawmakers from the country.
Full Story
The United States is banning the import of some dairy products and motorcycles from Canada along with most alcoholic beverages, the White House said Tuesday, as part of a trade war that shows little sign of cooling off.
The ban will take effect Sept. 29 and comes after retaliatory tariffs promised by Canada kicked in earlier Tuesday on $20 billion in U.S. imports. Canada had responded to tariff moves by U.S. President Donald Trump after trade talks between the countries broke down last month.
Full Story
The price of oil surpassed $100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain.
The most heavily traded contract for a barrel of Brent crude, the international standard, settled at $97.89 before jumping 2.4% to $100.29 early Wednesday.
Full Story


