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 $...
China has begun building a $170 billion hydropower complex on the Yarlung Zangbo river in Tibet, a project that is meant to outsize the Three Gorges Dam but one that downstream India and Bangladesh fear could throttle the Brahmaputra river that sustains tens of millions.
Work started at the weekend on five “run-of-the-river” dams along a steep 50-km gorge where the river drops nearly 2,000 metres, officials said. Beijing says the scheme will generate enough electricity each year to power Britain, creating jobs and fresh stimulus for the slowing economy.
Neighbouring countries worry chiefly about water security. Arunachal Pradesh’s chief minister warned earlier this year that as much as 80% of the Brahmaputra’s flow through the Indian state could dry up, while sediment vital for downstream farming would be trapped.
Michael Steckler, a geophysicist at Columbia University, said the dams would hold back nutrients as well as water, potentially affecting agriculture across India’s Assam plain and low-lying Bangladesh.
China’s foreign ministry, responding on Tuesday, called the project “a matter of China’s sovereign affairs,” adding that it would cut flood risks and that Beijing was sharing hydrological data with neighbours.
Some experts say the impact on flows may be limited because most of the Brahmaputra’s volume comes from monsoon rains south of the Himalayas.
Sayanangshu Modak of the University of Arizona noted that India itself is planning two dams on the same river, including an 11.5-gigawatt plant in Arunachal Pradesh, partly to reinforce its own water rights.
The isolated mountain region is prone to earthquakes, glacial-lake floods and landslides. A series of quakes in Tibet earlier this year revived concerns about safety as dam building gathers pace on the plateau.
India and China fought a brief border war in the area in 1962, and the lack of detailed technical disclosures from Beijing has heightened speculation that water could again become a strategic weapon in any future conflict. Bangladesh, whose deltaic economy depends on the river, has also sought more information.
New Delhi’s foreign and water ministries had not commented by late Tuesday, while Beijing has released no construction timetable beyond saying first power is expected in the early-to-mid-2030s.
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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of March, covering the latest developments you need to know.
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