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 $...
Pakistan expects to bring its first Chinese-designed Hangor-class submarine into active service next year, a move seen as deepening its defence partnership with Beijing and strengthening its posture in the North Arabian Sea.
Pakistan’s naval chief, Admiral Naveed Ashraf, said the eight-vessel submarine programme with China is progressing on schedule and will be completed by 2028, with the initial boats to be delivered from Chinese shipyards and the later ones built in Pakistan to raise local shipbuilding capacity. He told China’s Global Times that the new platforms will allow the Pakistan navy to operate more confidently across the North Arabian Sea and wider Indian Ocean, where Islamabad seeks to maintain regional balance as India expands its maritime presence.
The Hangor-class deal, reported to be worth up to $5 billion, provides for four diesel-electric attack submarines to be constructed in China and four to be assembled in Pakistan. Islamabad has already launched three boats into the Yangtze River from a shipyard in Hubei province as part of trials, signalling that the industrial side of the programme is underway.
Admiral Ashraf described Chinese equipment as reliable, technologically advanced, and suited to Pakistan’s operational requirements, adding that the navy is now looking at unmanned systems, artificial intelligence, and advanced electronic warfare solutions in cooperation with China to keep pace with the changing nature of modern naval confrontations. He said the partnership is not limited to the sale of hardware but reflects shared strategic thinking, long-term trust and an ambition to expand into training, interoperability, research and defence industrial collaboration.
The update comes months after Pakistan’s air force used Chinese-made J-10 fighter jets to shoot down an Indian Air Force Rafale in May, an incident that surprised many defence analysts and prompted renewed debate over how Chinese platforms stack up against Western systems in South Asia. For Islamabad, the submarine programme is part of a broader effort to maintain deterrence at sea as India fields its own mix of nuclear-powered and diesel-electric submarines acquired or developed with France, Germany and Russia over several decades.
China, meanwhile, has linked the undersea deal to a broader framework of regional cooperation through the 3,000 km China-Pakistan Economic Corridor connecting Xinjiang to the deep-water port of Gwadar. The corridor, a key component of President Xi Jinping’s Belt and Road Initiative, aims to create a secure trade route for Middle Eastern energy supplies while enhancing connectivity across South and Central Asia. The project also underscores Beijing’s growing role in supporting regional development and maritime stability.
"In the coming decade, we expect this relationship to grow, encompassing not only shipbuilding and training, but also enhanced interoperability, research, technology sharing and industrial collaboration," Admiral Ashraf said, framing the submarine project as the start of a longer-term naval partnership rather than a single procurement.
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.
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.
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.
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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