“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
Iranian Army Spokesman, Ebrahim Zolfaqri, warned the world to prepare for oil to climb to $200 a barrel on Wednesday. In words directed at Washington, he added: "The oil price depends on regional security, which you have destabilised."
His remarks came as three ships were reportedly struck in the critical Strait of Hormuz sea passage, including the Thai-flagged Mayuree Naree, which was seen smoking after being struck by an object.
Nations belonging to the International Energy Agency agreed to release 400 million barrels of oil in efforts aimed at bringing down the price of crude oil, which has soared since conflict broke out between Iran, the U.S. and Israel.
The proposed discharge is in excess of the 182 million barrels of oil that IEA nations put onto the market in two stages in 2022, after Russia’s invasion of Ukraine.
Iran’s President Masoud Pezeshian told Iranian news agency ISNA that Mojtaba Khamenei was in good health, despite earlier reports he had been injured during U.S.Israel airstrikes.
Earlier, an unnamed Iranian official told Reuters that the 56-year-old Supreme Leader was ‘lightly injured but continuing to operate’.
During a visit to Azerbaijan on Wednesday, President of the EU Council Antonio Costa said he “condemned in the strongest terms” the recent Iranian attack on Nakhchivan Airport.
Speaking at a press conference with Azerbaijani President Ilham Aliyev, Costa added: “The European Union remains committed to working with all partners through dialogue and diplomacy to de-escalate tensions and protect civilians.”
A player from the Iranian women’s team has decided to go back to Iran, despite being granted a humanitarian visa in Australia.
The player was among five members of the team who sought asylum in Australia, after they were labelled “traitors” by Iranian state media for refusing to sing the Iranian national anthem at the start of a Women’s Asian Cup game last week.
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The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Since 2021, only 9 per cent of $8 billion in humanitarian aid for Afghanistan can be traced beyond initial recipients in public records, a Kabul Institute report released on 22 October said. The United Nations says its oversight systems ensure accountability.
Opium poppy cultivation in Afghanistan surged by 330 per cent in 2026 despite a four-year ban, the United Nations said on Thursday. Afghan authorities disputed the findings, while Japan urged continued support for farmers seeking alternative livelihoods.
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
Central Asia could gain up to $640 million a year from closer energy cooperation, but strained electricity grids threaten to limit those gains, with Kazakhstan particularly exposed to regional power shortages and growing pressure on its network.
Georgia and Azerbaijan are stepping up efforts to boost trade, strengthen transport links between Asia and Europe and resolve a longstanding border dispute, as both countries seek to deepen their strategic partnership.
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