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 $...
Europe launched an International Claims Commission for Ukraine on Tuesday in an effort to ensure Kyiv is compensated for hundreds of billions of dollars in damage from Russian attacks and alleged war crimes.
The gathering in The Hague of dozens of leaders including Ukrainian President Volodymyr Zelenskyy coincided with a U.S.-orchestrated diplomatic push to end the war in Ukraine that was triggered by Russia's full-scale invasion in February 2022.
Speaking to AnewZ, Dr. Nelson Dordelly Rosales, political analyst, said the renewed focus on compensation signals Europe’s long-term commitment to Ukraine. He noted that European Union foreign policy chief Kaja Kallas recently announced €1 million to kick-start the compensation mechanism.
“These signatures show that Europe is not just here for the short term but for the long haul,” Rosales said, adding that the process demonstrates Europe’s intention to support Ukraine’s reconstruction.
He added that European leaders are sending two parallel messages: reassurance to Ukrainians that support extends beyond military aid, and pressure on Russia by signalling that frozen assets could be redirected to Ukraine’s recovery. “This serves as leverage to encourage negotiation and compromise,” Rosales noted.
He also pointed to internal divisions within Europe, citing differing views among member states on compensation and accountability mechanisms. However, he said recent discussions suggest the EU is moving closer to consensus.
Meanwhile, Rosales said Europe is preparing for both prolonged conflict and a post-war settlement.
“Europe is planning for continued Russian aggression while also preparing Ukraine economically and politically for reconstruction and eventual EU membership,” Rosales said.
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.
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.
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment