Oil prices hit four year high: Latest news on the Middle East conflict on 9 March
Global oil prices reached a four year high on Monday (9 March), surpassing $...
Iran's Supreme Leader, Ali Khamenei urged the Emir of Qatar to release Iranian oil revenues that had been frozen in Doha regardless of any U.S. pressure.
Qatar is “a friendly and brotherly country, although there are still ambiguous and unresolved issues,” Khamenei said in a meeting on Wednesday with Sheikh Tamim bin Hamad Al Thani, who is visiting Tehran, according to the state-run Islamic Republic News Agency.
Khamenei pointed out that Qatar has yet to fulfill previous agreements concerning the return of $6 billion held in Doha - funds that were originally frozen in South Korean banks. After Washington imposed a full ban on Iran’s oil exports and sanctions on its banking sector in 2019, these Iranian oil revenues were blocked in Seoul and subsequently transferred to Qatar.
“We recognize that the primary obstacle to implementing the agreement is the United States,” Khamenei stated, adding that if he were in the position of Qatar's rulers, he would ignore U.S. pressure and fulfill the agreement. "We continue to expect such action from Qatar," he concluded.
Sheikh Tamim mentioned that they covered various areas of cooperation, especially in trade and the economy. "We also emphasized the importance of following up on the outcomes of the recent meeting of the Joint Economic Commission and increasing trade exchange in a way that will help us achieve our goals," he said at the press conference, highlighting "the necessity of creating new opportunities for cooperation" between Iran and Qatar.
The question of Iranian access to the funds has been in the spotlight since Iran-backed Palestinian Hamas militants attacked Israel on 7th October, 2023. Former U.S. Secretary of State Antony Blinken said that Iran had not yet been able to spend a single dollar of the funds that were unfrozen in a U.S.-Iran prisoner swap in September of 2023. Five U.S. citizens detained by Tehran were allowed to leave the country in exchange for the transfer of $6 billion in Iranian funds that had been frozen in South Korea. At the same time, five Iranians held in the United States were allowed to leave.
Under the terms of the Iran prisoner deal, the money can only be used for humanitarian-related purposes, including purchasing food, medicine, medical devices, and agricultural products for the people of Iran from the abroad.
The agreement was reached through diplomatic efforts and secret talks, with Qatar playing a central role in the negotiations.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Global oil prices reached a four year high on Monday (9 March), surpassing $119 a barrel, as conflict in the Middle East rumbled on. Meanwhile, the Turkish Military said NATO air defence systems destroyed a missile fired from Iran towards the country.
Kyrgyzstan recorded the largest increase in women’s representation in parliament worldwide in 2025, according to a new report by the Inter-Parliamentary Union.
Türkiye’s official anti-disinformation agency has issued a statement refuting what it described as online “disinformation” and reiterating the strength of relations between Türkiye and Azerbaijan.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment