Oil prices drop to $86.80 a barrel

Oil prices are continuing their downward trajectory, with Brent crude futures dropping $1.78, or 2.0 percent, to $86.80 a barrel as of 00:27 GMT.

Canada hits US with retaliatory tariffs

The Canadian government has announced that it will impose retaliatory tariffs of up to 50% on around 700 American products, after US President Donald Trump hit Canada with a round of tariffs and threatened further increases.

The U.S. warned Ukraine about an American delegation's trip to Moscow and asked it to suspend strikes

The U.S. warned Ukraine in advance about an American delegation's trip to Moscow and asked it to suspend strikes on Russia until the delegation's departure.

China warns against unilateral sanctions after U.S. vows "economic asphyxiation" of Iran

China has made clear on multiple occasions that it firmly opposes illegal unilateral sanctions that have no basis in international law and are not authorized by the UN Security Council, Chinese foreign ministry spokesperson Lin Jian said on Tuesday.

US senators demand hearing over troop strain in Iran war

A group of US senators has demanded a congressional hearing into the toll the war on Iran is taking on American troops, citing severe logistical failures and indefinite deployment extensions across naval ships and regional bases.

Bessent warned the US will penalize countries that refuse to cut economic ties with Iran

US Treasury Secretary Scott Bessent declines to say if Chinese banks could face sanctions over Iran ties, saying “no one is above the reach of US sanctions,” Bloomberg reports.

Bulgaria says US military aircraft flew only to NATO countries for exercises

Two US military tanker aircraft recently stationed at Bulgaria’s Bezmer Air Base conducted flights only to NATO countries for exercises and training, Bulgarian Prime Minister Rumen Radev said Monday.

Trump threatens to hike tariffs on Canadian cars, auto parts, steel to 50% from Jan. 1

 Trump said Monday that the United States will increase tariffs on Canadian cars, trucks, auto parts and steel to 50% from Jan. 1, 2027.