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Armenia Hosts EU Summits Amid Shift From Russia

European leaders are gathering in Yerevan for two major summits, marking a significant moment for Armenia, long viewed as one of Vladimir Putin’s closest allies in the region. More than 30 European leaders, along with Canada’s prime minister, are set to attend a summit of the European Political Community. This will be followed by the first-ever bilateral summit between the European Union and Armenia, attended by Ursula von der Leyen and António Costa. The high-level meetings highlight a notable shift for Armenia, which remains a member of the Eurasian Economic Union and hosts a Russian military base. The country also relies heavily on Russian energy, importing gas at preferential rates. Armenia’s changing geopolitical stance accelerated after the 2023 conflict with Azerbaijan over Nagorno-Karabakh. During the crisis, Russia did not intervene decisively despite its peacekeeping presence, prompting concerns in Yerevan about […]

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Sanctioned-linked yacht crosses Hormuz tensions

A luxury superyacht linked to a close ally of Russian President Vladimir Putin has crossed the Strait of Hormuz despite ongoing tensions and restrictions in the region. The 142-metre vessel, Nord, is associated with Russian billionaire Alexei Mordashov, who is under Western sanctions. The yacht sailed from Dubai to Muscat over the weekend, making it one of the few private vessels to pass through the strategic waterway in recent months. Although Mordashov is not officially listed as the owner, records indicate the yacht is registered to a company linked to his family. Estimated to be worth over $500 million, the vessel features high-end amenities including a helipad, swimming pool and onboard submarine. The crossing comes at a time of heightened geopolitical tensions. Iran has imposed strict controls over maritime traffic in the strait following its standoff with the United States, […]

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UAE to exit OPEC after nearly 60 years

The United Arab Emirates has announced it will withdraw from OPEC and the broader OPEC+ next month, ending nearly six decades of membership. Authorities say the move is intended to give the country greater flexibility in managing its oil production, following significant investments aimed at expanding capacity. By operating outside the group’s quota system, the UAE will be able to respond more freely to global energy demand. The decision is widely viewed as a major development for the oil market. Some analysts consider it a significant setback for OPEC, which could lose influence as one of its key and historically compliant members exits. The UAE currently contributes a notable share of the group’s production capacity. Founded in 1960, OPEC was created to coordinate oil output among major exporting countries to stabilise prices and ensure steady revenues. The UAE joined in […]

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Trump extends Iran ceasefire, delays talks

Diplomatic efforts in Washington took an unexpected turn Tuesday as planned peace talks between the United States and Iran were postponed at the last minute. US Vice President JD Vance had been scheduled to travel to Islamabad for negotiations, but the trip was ultimately shelved. Instead, President Donald Trump announced an extension of the ceasefire with Iran, which had been due to expire on Wednesday evening. The move, he said, was intended to give Tehran more time to present a “unified proposal” aimed at ending the conflict. The decision marks the second time in recent weeks that Trump has stepped back from escalating tensions, opting instead to prolong negotiations as the war approaches its second month. Uncertainty surrounded the planned talks throughout the day. The visit by Vance was never formally confirmed, and Iran had not publicly committed to participating. […]

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Taiwan cancels Africa trip over China pressure

Taiwan’s leader, Lai Ching-te, has called off a planned visit to Eswatini after several countries denied his aircraft permission to fly through their airspace. Taipei says the decision followed strong pressure and economic influence from Beijing, an accusation China rejects. According to Taiwanese officials, Seychelles, Mauritius and Madagascar withdrew overflight approvals after what they described as “intense pressure” from China. Beijing denied any coercion, while commending the three countries for adhering to the “one China” policy. This marks the first known case of a Taiwanese president cancelling an overseas trip due to revoked flight permissions. Eswatini remains Taiwan’s only diplomatic ally in Africa and one of just a dozen countries worldwide that officially recognise Taipei. China considers Taiwan part of its territory under the “one China” principle, while many in Taiwan view the island as a sovereign state. Beijing has […]

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Iranian sailors leave Sri Lanka after attack

More than 200 Iranian sailors who had been stranded in Sri Lanka following a naval incident have now returned home after spending over a month in the country. According to Deputy Defence Minister Aruna Jayasekara, a total of 238 sailors were repatriated. This included 32 crew members rescued from the Iris Dena and 206 from the Irins Bushehr. The group departed on Tuesday night after being flown out of Sri Lanka. The incident began on 4 March, when the Iris Dena sank approximately 40 kilometres off Sri Lanka’s southern coast after being struck by a torpedo reportedly launched from a US submarine. The attack resulted in the deaths of 104 sailors. The following day, Sri Lankan authorities took control of the Irins Bushehr after it requested permission to dock due to engine failure. The vessel was allowed into port on […]

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US and Iran agree to temporary ceasefire deal

The United States and Iran have agreed to a conditional two-week ceasefire, allowing the temporary resumption of shipping through the strategic Strait of Hormuz. The agreement follows more than a month of escalating tensions after coordinated US and Israeli strikes on Iranian targets. The breakthrough came just hours after US President Donald Trump issued a stark warning, threatening severe consequences if Iran failed to reopen the key maritime route. Pakistan’s Prime Minister, Shehbaz Sharif, who has been facilitating the talks, confirmed that the ceasefire took effect immediately on Wednesday. Positions from Washington and Tehran President Trump stated that the US would pause military operations for two weeks, provided Iran ensures full access to the Strait of Hormuz. He indicated that the decision was made after the US had achieved its primary military objectives. The announcement followed earlier remarks by Trump […]

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US-Iran ceasefire eases tensions amid talks

Tensions between the United States and Iran eased temporarily after a last-minute diplomatic move by President Donald Trump, who announced a potential breakthrough toward a peace agreement. In a message posted at 18:32 Washington time on his social media platform, Trump indicated that both countries were “very far along” in negotiations and agreed to a two-week ceasefire to allow talks to continue. The announcement came shortly before a deadline he had set for possible large-scale US strikes on Iranian energy and transport infrastructure. The ceasefire remains conditional on Iran halting hostilities and ensuring full access to the Strait of Hormuz for commercial shipping. Iranian authorities have signaled their willingness to comply, while maintaining that they retain control over the strategic waterway. This development offered Trump a way to step back from a difficult decision between military escalation and a potential […]

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Oil markets grow sceptical of Trump signals

A month into the ongoing US and Israeli strikes on Iran, uncertainty continues to dominate global oil markets, with analysts struggling to interpret the signals coming from Donald Trump. Initially, statements and social media posts from the US president had a strong influence on oil prices, triggering sharp movements as investors reacted to any hint of escalation or de-escalation. However, recent developments suggest that traders are becoming more cautious about relying on such signals. Before the conflict began on 28 February, oil prices hovered around $72 per barrel. They later surged, reaching a peak of $118 on 19 March. As of the latest trading sessions, prices remain elevated at just under $112, reflecting ongoing geopolitical tensions. Market analysts say oil prices are now acting as a barometer for broader global risks. According to investment experts, prices tend to rise when […]

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Trump to Visit China for Talks with Xi

US President Donald Trump is scheduled to visit China on May 14-15 to meet with President Xi Jinping. The trip had been postponed from late March due to the ongoing conflict involving Iran. This will be the first visit by a US president to China in nearly a decade. Trump also announced that Xi Jinping is expected to visit Washington later this year. Preparations for both trips are reportedly underway. White House Press Secretary Karoline Leavitt confirmed the new dates, noting that China understood the need to delay the visit so Trump could remain in the US during critical military operations. Beijing has not officially confirmed the dates, but Chinese officials stated that both sides are maintaining communication regarding the visit. They also highlighted the strategic importance of leader-level diplomacy for guiding bilateral relations. The trip was initially postponed after […]

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