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 $...
The World Health Organization (WHO) has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxation as a means to reduce chronic diseases and raise funds for health systems.
The initiative, called '3 by 35,' was unveiled at the United Nations Finance for Development conference in Seville earlier this week.
“Health taxes are one of the most efficient tools we have,” said Dr Jeremy Farrar, Assistant Director-General, Health Promotion and Disease Prevention and Control, WHO.
“They cut the consumption of harmful products and create revenue governments can reinvest in health care, education, and social protection. It’s time to act,” Farrar added.
The WHO estimates that the initiative could generate $1 trillion by 2035, based on successful examples in countries such as Colombia and South Africa.
This is the first time the WHO has set a specific target for price increases on all three products, although it has advocated for tobacco taxes and price hikes on sugary drinks and alcohol in recent years.
WHO Director-General Dr. Tedros Adhanom Ghebreyesus said that the funds raised could help strengthen national health systems, particularly in low- and middle-income countries struggling with aid cuts.
However, the tax proposal faces resistance from industry groups, with critics arguing that higher taxes won't effectively reduce health problems such as obesity or alcohol abuse.
Kate Loatman of the International Council of Beverages Associations and Amanda Berger of the Distilled Spirits Council expressed concerns that the proposed taxes would not lead to the intended health outcomes.
The initiative has garnered support from organizations such as Bloomberg Philanthropies, The World Bank, and the Organisation for Economic Co-operation and Development (OECD), and aims to assist countries that wish to implement these measures.
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.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
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.
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.
U.S. President Donald Trump and UK Prime Minister Keir Starmer spoke by phone on Sunday as tensions between Washington and Westminster deepened over the conflict involving Iran. The call came less than a day after Trump criticised Britain’s response to U.S. strikes on Iranian targets.
Norwegian police are searching for a suspect after an explosion at the U.S. embassy in Oslo on 8 March caused minor damage but no injuries, in what authorities say may have been a deliberate attack linked to the Middle East crisis.
An explosion damaged a synagogue in the Belgian city of Liège early on Monday (9 March) in what authorities said was an antisemitic attack that caused damage but no injuries.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
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