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Tehran Syria summit

Iran’s President officially welcomes his Turkish counterpart who is in Tehran to attend a trilateral summit on Syria’s tensions. The two Presidents and their Russian counterpart will hold the summit later on Tuesday. That’s part of the Astana peace process which was launched in 2017 at the initiative of Tehran, Moscow and Ankara. The three top officials are planned to exchange viewpoints on how to reduce tensions in conflict zones in Syria. They will also discuss Syria’s recent tensions with Turkey over its incursions into the Syrian territory.

Failed mission

Oil markets have seen another jump in prices after the US President Joe Biden failed to secure pledges for increased production during his weekend visit to Saudi Arabia. All major benchmarks were higher on Monday with Brent rallying more than four percent to 105 dollars a barrel. That’s immediately after Biden arrived back home from his West Asia tour. Earlier during a presser in Jeddah, Biden told reporters to expect steps to reduce the price of oil in the coming weeks. But Saudi State Minister for Foreign Affairs Adel al-Jubeir downplayed that prospect. He said any increase in production will hinge on a potential shortage in the oil market.

EU support for Ukraine

The European Union approves another 500 million euros to supply arms to Ukraine, taking the bloc’s total financial support for Kiev to 2.5 billion euros. There is growing disquiet in the bloc regarding the impact sanctions against Russia are having on the EU's economy.

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