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...
A Cameroonian-flagged tanker caught fire on Saturday in the Gulf of Aden off Yemen, leaving at least one mariner missing and another likely still aboard, officials said. The rest of the crew abandoned the vessel.
The cause of the blaze on the Falcon tanker remains unclear. British officials suggested the ship may have been struck by a projectile, while the European Union described the fire as “an accident.” Authorities warned that the fully loaded liquefied petroleum gas tanker could explode, posing further risks to nearby shipping.
The incident occurs amid ongoing attacks on vessels by Yemen’s Houthi rebels in the Red Sea corridor. The group has not immediately claimed responsibility for the Falcon incident, though such claims can take hours or days.
The United Kingdom Maritime Trade Operations (UKMTO) reported the fire occurred around 210 kilometres east of Aden, stating: “A vessel has been hit by an unknown projectile, resulting in a fire. Authorities are investigating.”
According to the EU’s Operation Aspides, the Falcon’s 26-member crew was mostly Indian, with one Ukrainian. Greek and French naval forces responded, with a Greek frigate nearby and a French aircraft monitoring the scene. The EU said roughly 15% of the ship was on fire and initially indicated it may have been caused by an accident.
The Falcon has previously been linked to Iran’s “ghost fleet,” according to the New York-based group United Against Nuclear Iran, although the ship’s Indian owners could not be reached for comment. The Israeli military confirmed awareness of the strike but denied involvement.
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 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.
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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