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Oil Prices Fall Back As ‘Hopeful’ Tehran Responds To Trump

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Shares dipped, and oil prices dropped back on Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump.

 

Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Minister Abbas Araghchi said “a new window of opportunity has opened”.

“We are hopeful that negotiation will lead to a sustainable and negotiated solution,” he said, though he said “Iran remains fully prepared to defend itself against any threat or act of aggression”.

Trump
US President Donald Trump [Photo: ANDREW CABALLERO-REYNOLDS / AFP]

 

West Texas Intermediate was down 0.2 percent at $62.75 per barrel after earlier jumping 1.5 percent, while international benchmark Brent North Sea Crude slipped 1.4 percent to $67.64.

“There’s speculation that Iran could agree to dilute its most highly enriched uranium in exchange for the full lifting of financial sanctions, but it’s not clear if that will be enough to seal a deal between the two parties,” said Aarin Chiekrie, analyst at Hargreaves Lansdown.

Wall Street was off in early trading with the tech-heavy Nasdaq giving up one percent and the Dow sliding around 0.3 percent, and the broader-based S&P 500 was off 0.2 percent.

“Insurance brokers, wealth advisors, real estate services, and logistics were all in the firing line last week, and investors are cautiously watching for what slice of the market could be next on the AI hit list,” Chiekrie added.

European stocks steadied in early afternoon deals after Tokyo closed lower, with Chinese markets again shut for the Lunar New Year.

In foreign exchange, the dollar rose against the British pound as official data showed UK unemployment rising to a five-year high.

Analysts said the reading of 5.2 percent for the final quarter of last year increased the likelihood of the Bank of England cutting its benchmark interest rate next month.

The greenback was also higher versus the euro but fell against the yen.

Europe’s biggest economy Germany, is unlikely to rebound in 2026 as geopolitical uncertainty, high cost,s and weak domestic demand weigh on growth, the country’s Chamber of Industry and Commerce said Tuesday.

Germany returned to weak growth in 2025 after two years of recession.

– Key figures at around 1445 GMT –

New York – Dow: DOWN 0.3 percent at 49,366.16 points

New York – S&P 500: DOWN 0.2 percent at 6,820.63

New York – Nasdaq: DOWN 1.0 percent at 22,486.46.

London – FTSE 100: UP 0.4 percent at 10,517.01

Paris – CAC 40: UP 0.3 percent at 8,343.55

Frankfurt – DAX: UP 0.4 percent at 24,897.35

Tokyo – Nikkei 225: DOWN 0.4 percent at 56,566.49 (close)

Hong Kong – Hang Seng Index: closed for holiday

Shanghai – Composite: closed for holiday

Euro/dollar: DOWN at $1.1820 from $1.1854 on Monday

Pound/dollar: DOWN at $1.3526 from $1.3630

Dollar/yen: DOWN at 153.40 yen from 153.48 yen

Euro/pound: UP at 87.40 pence from 86.98 pence

West Texas Intermediate: DOWN 0.2 percent at $62.75 per barrel

Brent North Sea Crude: DOWN 1.4 percent at $67.64 per barrel.

 

 

 

AFP

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Portuguese Economy Minister: Ronaldo’s Value Is Greater Than Football, Many People Know Our Country Because Of Him

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Portugal’s Economy Minister, Manuel Castro Almeida, says Cristiano Ronaldo matters to Portugal in ways that reach far beyond football. “Many people know Portugal only because of Cristiano Ronaldo,” he stressed.

 

His comments land as the fallout from Ronaldo’s sudden exit from the national team camp continues to dominate the headlines.

Speaking in remarks carried by the Portuguese website The Resident from the Now channel, the minister painted Ronaldo as a huge asset for Portugal’s image on the world stage. “Cristiano Ronaldo has an enormous impact in promoting and highlighting Portugal’s image,” he said. He went further still, likening the Portugal star to “the most famous company in Portugal”

On the row between Ronaldo and coach Jorge Jesus, Castro Almeida pleaded ignorance. He insisted he was “not an expert” and refused to judge who was in the right.

His focus stayed on Ronaldo’s wider worth to Portugal and its standing abroad.

That global recognition, the Economy Minister argues, makes Ronaldo “a value and an asset” to the country. “It would be good if Portugal could continue to rely on this asset,” he said.

He added: “From the angle of enhancing Portugal’s image and reputation, Cristiano holds extremely important value, and it would be very good for Portugal to continue to benefit from this potential.”

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US Arrests Woman Accused Of Spying For China On Taiwan Leader’s Family

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A woman accused of spying for China on Taiwanese President Lai Ching-te’s son and his family was arrested Sunday in the United States, US and Taiwanese officials said.

 

Wanying Zhang, 34, was detained by the FBI at Los Angeles airport “attempting to depart for China”, First Assistant United States Attorney Bill Essayli said in an X post.

Zhang is accused of acting as an unregistered agent of China and spying on a “close relative of a Taiwanese government official” in the United States, Essayli said.

The woman allegedly surveilled Lai’s “son and his family — filming their home, vehicles, and reporting information back to (People’s Republic of China) handlers”, the FBI said on its rapid response account on X.

China claims Taiwan is part of its territory and has threatened to use force to annex the island.

Zhang traveled to Seattle in 2025 and, acting at the direction of Chinese officials, sent “photos, videos, and license plate information to those officials”, Essayli said.

FBI Director Kash Patel cheered the arrest in an X post, warning foreign adversaries that “America is no longer a safe place to run your espionage operations.”

“Allegedly surveil a foreign leader’s family on US soil for the PRC — and try to catch a flight back to Shanghai? Not happening,” Patel said.

Lai, who was elected president in January 2024, has been an outspoken defender of Taiwan’s sovereignty and is detested by Chinese leaders.

Lai’s office condemned the “barbaric acts”, which it confirmed had targeted the president’s family, and said it was a case of “transnational repression.”

“Such behavior should not be tolerated in the civilized world,” Presidential Office spokeswoman Karen Kuo said in a statement, thanking US judicial authorities for “their assistance and protection of our citizens.”

Taiwan’s government has warned Taiwanese people of growing risks to their safety in China and elsewhere after Beijing’s ethnic unity law took effect in July.

The Law on Promoting Ethnic Unity and Progress aims to forge a “shared” national identity among ethnic groups.

But overseas campaigners have argued it will further degrade the rights of ethnic minorities, like Uyghurs and Tibetans, that Beijing is accused of persecuting.

They also point to a clause stating that people can be held liable for violating the law even when outside China, saying it gives the Chinese government more justification for targeting its opponents abroad.

Zhang, who resides in Irvine, California, “coordinated the trip with an associate and used tradecraft to avoid detection,” Essayli said.

Zhang is expected to make her initial appearance in federal court on Monday.

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Hundreds Of French High Schools Shut As Protests Continue

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Lessons were suspended at hundreds of French high schools on Monday, as part of a wave of student protest over learning conditions that have rocked the European nation.

 

Students trickled into some schools despite ongoing protests outside their gates, ahead of a day of larger demonstrations expected on Tuesday.

Since late September, pupils have barred the entrances to their schools, complaining of teacher absences, overloaded timetables, dilapidated classrooms and buildings ill-adapted to rising temperatures, among other grievances.

The government has sought to address the grievances, while accusing hard-left activists of having hijacked the protest movement.

Up to 500 out of France’s 3,700 high schools, known as lycees, were expected to be partially or totally closed on Monday, Education Minister Edouard Geffray said late Sunday.

A third of the 468 lycees for teenagers aged 15 to 17 were to be closed in the Paris region, authorities said.

In the capital’s central third district on Monday morning, dozens of teenage students chanted in protest, as cars honked their horns in support while driving past, while others made their way into class.

“No means, no silence,” read one cardboard sign outside the Turgot high school.

“We’re missing our lessons to give you one,” read another.

In the western city of Rennes, more than 20 pupils gathered outside the Montaigne lycee, one clutching a sign that read “Not enough teachers”, but staff allowed other students into their classrooms.

In the northern city of Lille, masked protesters destroyed bus shelters or set fire to dustbins, as police fired teargas towards several hundred demonstrators.

The movement started on September 17 at a high school in the Paris suburb of Creteil, in support of teachers striking over a lack of staff and resources.

It gained momentum and spread across France, at times spiralling into vandalism, including the destruction of bus shelters, the burning of school entrances and clashes between protesters and security forces.

Since the start of the movement, 24 schools had been “burned or ransacked”, according to the education minister.

More than 5,000 people, 85 percent of them minors, have been arrested.

Protesters have also accused the police of using disproportionate force, and internal investigations have been opened into at least three instances of alleged police brutality.

Prime Minister Sebastien Lecornu set out a timetable on Sunday urging local authorities to prioritise filling gaps left by long-term teacher absences and unfilled posts.

He called a meeting for Tuesday with regional presidents to discuss overhauling the country’s often-dilapidated school buildings.

The government is also hoping to pass through parliament a bill to make those who are responsible for damaging public property pay for repairs themselves, instead of drawing from taxpayer money.

Government spokeswoman Maud Bregeon defended the bill.

“When you have 14-, 15-, 16-year-olds who, at 9 am, are burning bus shelters or — perhaps even more seriously — the high school where they study, that raises the question of parental responsibility,” she told Europe1/Cnews broadcaster.

Lecornu has said the draft law, first presented before the protests, would allow these sums to be “taken from family allowances and housing benefits, while ensuring a minimum income is preserved”.

The head of the main CGT labour union, Sophie Binet, slammed what she called a “populist announcement”, which she said would “end up targeting the most vulnerable families”.

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