Brent crude futures gained $1.11, or 1.84%, to $61.58 a barrel by 1124 GMT. U.S. West Texas Intermediate crude rose by $1.04, or 1.84%, to $57.56

International News via Reuters:

Oil prices rose on Monday after the U.S. intercepted an oil tanker in international waters off the coast of Venezuela and tensions in Russia’s war against Ukraine remained high, with both developments raising fears of supply disruption.

Brent crude futures gained $1.11, or 1.84%, to $61.58 a barrel by 1124 GMT. U.S. West Texas Intermediate crude rose by $1.04, or 1.84%, to $57.56.

Market participants now see a risk of disruption to Venuezuelan oil exports because of the U.S. embargo, having previously been complacent in that regard, said UBS analyst Giovanni Staunovo.

Venezuelan crude accounts for about 1% of global supply.

Growing supply from the U.S. and the OPEC+ producer group have largely offset worries over supply disruption elsewhere to keep Brent futures around $65 a barrel in the second half of 2025, though prices have eased in the past month because of oversupply concerns.

Oil prices have been supported by developments off Venezuela, alongside the simmering Russia-Ukraine tensions in the background in an otherwise very bearish market, said June Goh, analyst at Sparta Commodities.

The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela in what would be the second such operation over the weekend and the third in less than two weeks if successful, officials told Reuters on Sunday. 

A rebound in oil prices has been sparked by U.S. President Donald Trump’s announcement of a “total and complete” blockade of sanctioned Venezuelan oil tankers and subsequent developments there, followed by reports of a Ukrainian drone strike on a Russian shadow fleet vessel in the Mediterranean, said IG analyst Tony Sycamore.

The Brent and WTI benchmarks fell by about 1% last week.

U.S. special envoy Steve Witkoff said on Sunday that talks between U.S., European and Ukrainian officials in Florida over the past three days in an effort to end Russia’s war in Ukraine had focused on aligning positions. Those meetings and separate talks with Russian negotiators had been productive, he said.

However, the top foreign policy aide of Russian President Vladimir Putin said that changes made by the Europeans and Ukraine to U.S. proposals had not improved prospects for peace.

Reporting by Jeslyn Lerh in Singapore and Sam Li and Lewis Jackson in BeijingEditing by David Goodman

The regulator said the group allegedly violated European regulations with Apple’s App Store, where it holds an “absolute dominance” in dealing with third-party developers

International News via Reuters:

Italy’s competition authority (AGCM) said on Monday it had fined U.S technology giant Apple and two of its divisions 98.6 million euros ($115.53 million) over alleged abuse of their dominant position in the mobile app market.

The regulator said the group allegedly violated European regulations with Apple’s App Store, where it holds an “absolute dominance” in dealing with third-party developers.

The watchdog opened the probe into the technology giant in May 2023, claiming the company penalised third-party app developers by imposing “a more restrictive privacy policy” on them from April 2021.

Apple said in a statement it “strongly disagrees” with the decision that it claims “disregards the important privacy protections” provided by the company’s App Tracking Transparency (ATT) prompt.

AGCM said that Apple required third-party developers to obtain specific consent for data collection and linking data for advertising purposes through the ATT screen imposed by the company.

“The terms of the ATT policy are imposed unilaterally, they are detrimental to the interests of Apple’s business partners and are not proportionate to achieving the objective of privacy, as claimed by the company,” the regulator said in a statement, adding the process does not comply with privacy regulations.

Developers were additionally forced to duplicate consent requests for the same purpose, it added.

ATT was created “to give users a simple way to control whether companies can track their activity across other apps and websites,” the tech company said, adding the rules apply equally to all developers, including Apple.

The firm will appeal the regulator’s decision and reiterated its commitment “to defend strong privacy protections”.

The AGCM said that its investigation had been complex and carried out in coordination with the European Commission and other international antitrust regulators.

($1 = 0.8535 euros)

Reporting by Cristina Carlevaro and Elvira Pollina, editing by Giulia Segreti, Kirsten Donovan

The decision was taken on Monday during a special meeting in Kuala Lumpur of Southeast Asian foreign ministers

International News via Reuters:

Thailand and Cambodia agreed on Monday to hold a December 24 meeting of defence officials towards resuming a months-old ceasefire, as fierce border fighting between them entered a third week with at least 80 people killed so far.

The decision was taken on Monday during a special meeting in Kuala Lumpur of Southeast Asian foreign ministers, who were trying to salvage a truce first brokered by ASEAN chair Malaysia and U.S. President Donald Trump after a previous round of deadly clashes in July.

Thailand and Cambodia have engaged in daily exchanges of rockets and artillery along their 817-km (508-mile) land border following the collapse of the truce, with fighting at multiple points stretching from forested regions near Laos to the coastal provinces of the Gulf of Thailand.  

The top diplomats of the 11-member Association of Southeast Asian Nations urged both countries to exercise maximum restraint and take immediate steps to halt fighting, while welcoming the planned meeting on Wednesday of the General Border Committee, a long-established mechanism for bilateral talks.

“The ASEAN foreign ministers expressed hope for de-escalation of hostilities as soon as possible,” said a statement from ASEAN chair Malaysia, adding discussions would include ceasefire implementation and verification.  

SIGNIFICANT STEP

The decision to hold talks is the most significant step since fighting reerupted, with neither Malaysian Prime Minister Anwar Ibrahim nor Trump able to bring the two countries to the table this time after various calls to their leaders. 

Five days into the conflict, Trump said the premiers of Thailand and Cambodia had both agreed to “cease all shooting”, but the clashes continued the following day, with Bangkok launching more air strikes and vowing to keep on fighting.  

China has also pressed both sides to step back, with its special envoy for Asian affairs Deng Xijun holding talks in Bangkok and Phnom Penh in recent days. 

Thai Foreign Minister Sihasak Phuangketkeow said his country wanted a “true ceasefire” with a detailed implementation plan and firm commitment from Cambodia. 

He said neither the U.S. nor China had been involved in the decision on bilateral talks, adding it was about Thailand and Cambodia “working things out”.

“A ceasefire cannot just be declared, it needs a discussion,” Sihasak told a briefing in Kuala Lumpur.

“The Cambodians want a ceasefire, let’s have a discussion on a ceasefire. We proposed that our two militaries should meet as soon as possible.”

The location of the meeting was not immediately clear, but Sihasak said Thailand proposed the border line in the Thai province of Chanthaburi. Cambodia’s defence ministry did not immediately respond to a request for comment.   

THAI OUTRAGE OVER LANDMINES

Bangkok and Phnom Penh each accuse the other of aggression and violations of an enhanced ceasefire agreed in October in Malaysia in Trump’s presence, during which they committed to demining and withdrawing troops and heavy weapons from areas over which sovereignty has been contested bitterly for decades. 

Thailand has vented its fury over what it says are landmines being newly laid by Cambodia, among the world’s most landmine-plagued countries. Phnom Penh rejects the accusation.  

Cambodia’s defence ministry said Thailand had violated its sovereignty on Monday with more “armed aggression” and vowed to defend what it said was its territory “at any cost”.

Thailand’s army said Cambodia had carried out intermittent artillery attacks and used drones to drop bombs, adding Thai forces had responded with air strikes and artillery on military positions.

Monday’s ASEAN gathering was the first face-to-face meeting involving the two governments since the fighting resumed on December 8, in rare conflict between member states that has tested the bloc’s resolve.  

In opening the meeting, Malaysia’s foreign minister urged the bloc to play a more forceful role.

“Our goal goes beyond de-escalating the tension. We must intensify trust-building among the conflicting parties and provide the horizons for dialogue despite the prevailing differences,” Mohamad Hasan said. 

Reporting by Rozanna Latiff; Additional reporting by Ashley Tang and Mandy Leong in Kuala Lumpur and Chayut Setboonsarng and Panu Wongcha-um in Bangkok; Editing by Martin Petty, Saad Sayeed and Gareth Jones

Fifteen people were killed and dozens injured in the mass shooting at a Jewish Hanukkah celebration at Bondi on December 14

International News via Reuters:

Australian police say homemade pipe and tennis ball bombs were thrown at a crowd at Bondi Beach before a mass shooting but failed to detonate, according to court documents released on Monday.

Fifteen people were killed and dozens injured in the mass shooting at a Jewish Hanukkah celebration at Bondi on December 14. The attack has shocked the nation and sparked calls for tougher gun laws and heightened efforts to stop antisemitism.

One of the alleged gunmen, Sajid Akram, 50, who was shot dead by police, owned six firearms. His 24-year-old son Naveed Akram has been charged with 59 offences, including murder and terrorism, according to police.

The alleged gunmen had planned the attack for several months and visited the Bondi beachside park for reconnaissance two days prior, said a police fact sheet released by the court.

Pictures included in the police report showed the father and son allegedly training with firearms in an isolated rural part of New South Wales, Australia’s most populous state which includes Sydney.

Police found a video taken in October on one of the gunmen’s mobile phone showing them sitting in front of an image of an Islamic State flag and making statements in English about their reasons for the attack, while condemning the acts of Zionists.

Just after 2:00 a.m. (1500 GMT) on the day of the attack, the men were captured on CCTV video carrying long and bulky items wrapped in blankets from a short-stay rental house in the suburb of Campsie to a car, said the police report.

They later drove to Bondi around 5:00 p.m. (0800GMT).

Police believe the items wrapped in the blankets were two single-barrel shotguns, a Beretta rifle, three pipe bombs, a tennis ball bomb and a large improvised explosive device.

Police allege the men threw the pipe bombs and tennis ball bomb at the crowd in the Bondi park before they began shooting, but the explosive devices did not detonate, according to the statement tendered to the court.

Police said that they later found 3D printed parts for a shotgun component at the Campsie house, bomb making equipment and copies of the Quran.

TOUGH NEW GUN LAWS

The parliament of New South Wales state was recalled on Monday to vote on proposed new laws that would impose major curbs on firearm ownership, ban the display of terror symbols and restrict protests, following the mass shooting.

The state legislation would cap the number of firearms a person can own at four, or up to 10 for certain groups, such as farmers.

Although Australia has some of the toughest gun control laws in the world after a 1996 shooting that killed 35 people, the Bondi shooting has highlighted what authorities say are gaps.

In New South Wales, there are more than 70 people in the state who own more than 100 guns, a police firearms registry shows. One licence holder has 298 guns.

The proposed legislation would also give police more powers to remove face coverings during protests or rallies. The state government has vowed to ban the chant “globalise the intifada” which it says encourages violence in the community.

New South Wales Premier Chris Minns told reporters outside parliament that he expected opposition to the legislation, which includes restrictions on public assemblies in the aftermath of a terrorism event, but said it was needed to keep the community safe.

“We have got a responsibility to knit together our community that comes from different races and religions and places from all over the world. We can do it in a peaceful way,” he said.

‘I AM SORRY’ PRIME MINISTER SAYS

Prime Minister Anthony Albanese has faced mounting criticism from opponents who argue his government has not done enough to curb a rise in antisemitism. He was booed by sections of the crowd during a memorial event in Bondi attended by tens of thousands of people on Sunday, one week after the shooting.

A poll conducted for the Sydney Morning Herald newspaper among 1,010 voters released on Monday found Albanese’s approval rating slumped 15 points to -9 from +6 at the beginning of December, the lowest since his resounding election win in May.

Albanese on Monday said he understood that some of the anger in the Jewish community in the aftermath of the attack was directed towards him and pleaded for national unity.

“As prime minister I feel the weight of responsibility for an atrocity that happened whilst I am prime minister and I am sorry for what the Jewish community and our nation as a whole has experienced,” he told reporters in Canberra.

Albanese’s government says it has consistently denounced antisemitism and highlighted legislation passed over the last two years to criminalise hate speech and doxxing. It also expelled Iran’s ambassador earlier this year after accusing Tehran of directing antisemitic attacks in Sydney and Melbourne.

Further measures to stop hate speech proposed by Albanese’s government on Monday include a new offence of adults seeking to influence and radicalise children.

Authorities on Monday started clearing flowers, candles, letters and other items placed by the public at Bondi Beach.

The tributes would be preserved for display at the Sydney Jewish Museum and the Australian Jewish Historical Society, authorities said.

Thirteen people remain in hospital, including four in critical but stable condition, health officials said.

Reporting by Renju Jose and Kirsty Needham in Sydney; Editing by Michael Perry and Raju Gopalakrishnan