North Korea’s leader Kim Jong-un has said he is willing to discuss giving up nuclear weapons if his country’s safety could be guaranteed, calming World War 3 fears.
According to South Korea officials, Kim Jong-un would agree to temporarily stop nuclear tests if the US holds talks with the regime.
Donald Trump said there was “possible progress” but warned the talks, which were attended by Kim and his wife and sister, could be “false hope”.
Speaking to France 24, Mr Richardson warned about the talks but said the US had to try to negotiate with Kim Jong-un.
North Korea news: US diplomat Bill Richardson warned Kim Jong-un could not be trusted
He said: “No they can’t be trusted but I believe you have to do the best you can.
“They have nuclear weapons they have missiles. They are threatening the international community, South Korea, Japan.
“But I think they have reached the point where they are ready to negotiate.
“I think Kim Jong-un is very unpredictable, very difficult to deal with but he has an end game. His end-game may be that he may be ready to make a deal.
No they can’t be trusted but I believe you have to do the best you can
US diplomat Bill Richardson
“But you need to have a lot of enforcement, you have to have a lot of oversight, but it is going to be a very long negotiation. But, at the very least, tension is a lot less because of the potential of these talks.”
Mr Richardson added that “you never know what they are going to do” and warned that even if Kim Jong-un reduces nuclear weapons he will “want something in return” in the form of economic assistance and the end of sanctions and the end of the Korean war.
He said North Korea must to be watched “every step of the way” because they quickly “change their mind”.
Mr Trump tweeted on Tuesday: “Possible progress being made in talks with North Korea. For the first time in many years, a serious effort is being made by all parties concerned.
Korean Demilitarized Zone: INCREDIBLE photos show the beauty from inside the DMZ
Tue, February 20, 2018
The Korean Demilitarized Zone (DMZ) is a meeting point between North and South Korea. Photographer Park Jongwoo gets unprecedented access for a book titled ‘DMZ: The Demilitarized Zone of Korea’, published by Steidl.
Play slideshow Park Jongwoo, Steidl 1 of 10
“The world is watching and waiting! May be false hope, but the US is ready to go hard in either direction!”
North and South Korea are expected to hold their first official summit in more than a decade next month at the border village of Panmunjom.
Seoul delegate Chung Eui-yong said of last night’s meeting: “North Korea made clear its willingness to denuclearise the Korean peninsula and the fact there is no reason for it to have a nuclear programme if military threats against the North are resolved and its regime is secure.
“The North also said it can have frank talks with the United States on denuclearisation and the normalisation of ties between North Korea and the United States.”
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Oil prices surge to near four-year high
Oil prices have jumped to the highest level for nearly four years after Saudi Arabia and Russia ruled out any immediate increase in production.
The decision on Sunday was effectively a rebuff to US President Donald Trump, who has called for immediate action to raise global supply.
Brent crude rose more than 3% to more than $81 a barrel on Monday, its highest level since November 2014.
Saudi Arabia dominates the OPEC group of oil-producing nations and Russia is its biggest oil-producer ally outside the group.
They have reportedly been discussing raising output by half a million barrels a day to counter falling supply from Iran.
But a meeting of OPEC and non-OPEC energy ministers in Algiers ended without any formal recommendation for a supply boost.
Mr Trump said last week that OPEC "must get prices down".
Experts estimate that once US sanctions on Iran are fully implemented from November it could result in the loss of as many as two million barrels a day from global supply.
Commodity traders Trafigura and Mercuria said they expected Brent crude to climb above $90 by Christmas and to pass $100 early in 2019.
BNP Paribas oil strategist Harry Tchilinguirian told Reuters Global Oil Forum: "It is now increasingly evident, that in the face of producers reluctant to raise output, the market will be confronted with supply gaps in the next three to six months that it will need to resolve through higher oil prices."
Higher prices tend to mean higher petrol costs.
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However the AA has said other factors, including the strengthening pound over recent weeks, means that wholesale prices have fallen, and that this should help keep the lid on costs.
Meanwhile, higher oil prices tend to benefit UK-listed companies such as BP and Royal Dutch Shell, which employ thousands of people in the North Sea and whose shares are staples in many UK pension funds.
Trump news: US Deputy Attorney Rosenstein heads to White House ‘to resign’ amid Russia row
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Rosenstein could be fired after ‘criticising Trump’
By Lucia Binding, news reporter
The US deputy attorney general has been summoned to the White House where he is expecting to be fired by President Donald Trump.
Rod Rosenstein oversees special counsel Robert Mueller's investigation into possible collusion between Russia and the Trump campaign before the 2016 presidential election.
And Mr Rosenstein has been the inquiry's chief public defender.
He has said he will not resign and that the White House would have to sack him, NBC reported.
Last week, he was reported to have suggested the idea of secretly recording Mr Trump in 2017 after the president had fired James Comey, the FBI director.
Mr Rosenstein also reportedly suggested invoking the 25th Amendment to have the Cabinet remove the president from office.
Mr Trump himself was in New York for a meeting of the UN General Assembly on Monday.
If Mr Rosenstein resigns, the president has more leeway on replacing him, while sacking him would make it harder for Mr Trump to designate a successor.
But NBC News reported that Mr Rosenstein said he would not resign and the White House would have to fire him.
Any termination or resignation would have immediate implications for special counsel Mr Mueller's investigation.
Mr Rosenstein appointed Mr Mueller and oversees his inquiry.
Mr Trump had previously considered the idea of firing Mr Rosenstein in April after FBI raids of the office and home of the president's longtime personal attorney, Michael Cohen.
Cohen has since pleaded guilty to several felonies and taken part in hours of interviews with Robert Mueller.
But the latest move follows the New York Times report of Mr Rosenstein's comments made last year, which played to some of the president's concerns about a secret "Deep State" trying to undermine him from within the government.
Mr Rosenstein subsequently said the article was inaccurate and was based on "biased" anonymous sources "advancing their own personal agenda".
He added: "Based on my personal dealings with the president, there is no basis to invoke the 25th Amendment."
The Justice Department also released a statement from an individual who claimed Mr Rosenstein's recording comment was meant sarcastically.
As of Sunday, Mr Trump has been ambivalent over what to do about Mr Rosenstein.
Some of his confidants urged him to fire Mr Rosenstein, while others suggested he wait and see if the report was incorrect, or if it was planted by some adversary.
Earlier this year, the president publicly denied referring to his deputy attorney general as "Mr Peepers".
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A memo written by Mr Rosenstein, making criticisms of the handling of an FBI investigation into Hillary Clinton's email server, was used by the White House at the time as justification for Mr Comey's firing.
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