live Oil climbs past $119 a barrel as Iran crisis squeezes global supply - Monday 9 March
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli...
Pakistan and Afghanistan reopened the Torkham border crossing after nearly a month of closure due to clashes. Initially open for trade, pedestrian crossings will resume Friday. The closure had stalled supplies to Afghanistan, which heavily relies on Pakistani food imports.
The Torkham border crossing, the main artery for travel and trade between Pakistan and landlocked Afghanistan, will be initially opened for trade, Pakistan government official Riaz Khan Mehsud told Reuters, and people would be allowed to cross on foot from Friday onwards.
Qureshi Badlon, head of the media department for the Afghanistan's Nangarhar province, said the two sides had agreed to reopen the crossing and resume transit trade.
The crossing has been closed since February 21 after clashes erupted. In the skirmishes, the two sides used mortars and rocket fire after Afghan forces objected to Pakistan's construction of a border outpost.
Since the closure, the crossing been clogged with truckloads of supplies, mainly to Afghanistan, which faces a humanitarian and hunger crisis and relies heavily on food imports from Pakistan.
Trade between the countries was worth over $1.6 billion in 2024, according to Pakistan's foreign office.
(Reporting by Mushtaq Ali in Peshawar; additional reprting by Muhammad Yunus Yawar in Kabul; writing by Asif Shahzad; Editing by Bernadette Baum)
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 continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
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.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
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.
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.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
Kazakhstan has evacuated more than 7,300 citizens from the Middle East since regional tensions escalated, using both air and land routes to bring nationals home while closely monitoring political developments and potential economic effects linked to rising oil prices.
Istanbul’s mayor, Ekrem İmamoğlu, has appeared in court on Monday alongside 400 co-defendants in a sprawling corruption case that critics say is designed to derail his political ambitions. The charges allege a network of corruption and organised crime linked to the mayor’s office.
Russian grain is once again moving by rail to Armenia along a route that had been closed for decades. The latest freight train departed from Baku on 9 March carrying hundreds of tonnes of grain.
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