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 $...
Kazakhstan has called on Ukraine to stop striking the Black Sea terminal of the Caspian Pipeline Consortium (CPC) after a major drone attack forced a halt to exports and caused serious damage to loading equipment.
The CPC, which includes Russian, Kazakh and U.S. shareholders, suspended operations after a mooring point at its Russian terminal was heavily damaged by a Ukrainian naval drone. The terminal handles more than 1% of global oil supplies and is responsible for the bulk of Kazakhstan’s crude exports.
Ukraine has carried out repeated attacks this year on Russian oil infrastructure, including refineries and export terminals, in an effort to disrupt a key source of funding for Moscow’s war effort.
Kazakhstan’s foreign ministry said the latest strike was the third attack on what it described as “an exclusively civilian facility whose operation is safeguarded by norms of international law”.
Attack on critical infrastructure
In a strongly worded statement, the ministry said Kazakhstan “expresses its protest over yet another deliberate attack on the critical infrastructure of the international Caspian Pipeline Consortium in the waters of the Port of Novorossiysk”.
It warned that the incident risked damaging relations between Kazakhstan and Ukraine, adding: “We expect the Ukrainian side to take effective measures to prevent similar incidents in the future.”
Ukraine has not commented.
The CPC system carries about 80% of Kazakhstan’s oil exports. Last year the OPEC+ member shipped around 68.6 million tonnes of crude.
The pipeline transports oil from Kazakhstan’s Tengiz, Karachaganak and Kashagan fields to the Yuzhnaya Ozereevka terminal near Novorossiysk, and also collects crude from some Russian producers.
Tankers withdrawn after damage
The 1,500 km pipeline is operated by a consortium that includes Russia, Kazakhstan’s state-owned KazMunayGas, and companies such as Chevron, Lukoil and ExxonMobil.
CPC said the 29 November attack “significantly damaged” Single-Point Mooring 2 – a floating buoy used to load oil onto tankers. It said the mooring could no longer operate and all loading activities had been suspended. Tankers were withdrawn from the CPC water area as a precaution.
“We believe that the attack on the CPC is an attack on the interests of the CPC member countries,” the consortium said.
Russia calls attacks terrorism
Ukraine says its long-range strikes on Russian infrastructure are legitimate acts of defence in a war it describes as an existential fight against Russian aggression, which has targeted its own energy sector ahead of winter.
Russian officials say the drone attacks amount to terrorism and accuse Western countries of supporting a hybrid war against Moscow by helping Kyiv identify targets.
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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