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...
Yemen’s internationally recognised government has accused UAE-backed southern separatists of restricting access to the port city of Aden, warning it would take “all necessary measures” as tensions persist despite renewed talk of dialogue.
The government said on Sunday that the Southern Transitional Council (STC) had taken steps to block the movement of citizens into Aden, and claimed it had received reports of arrests across the city. The accusations come a day after government forces said they had retaken territory in eastern Yemen following clashes with the separatists.
The STC denied the claims, telling Reuters the accusations were a complete distortion of the facts and insisting that the situation in Aden remained stable. Reuters said it could not independently verify the government’s allegations.
The dispute highlights continuing hostility between the two sides, even after proposals for talks raised hopes of a negotiated solution. Fighting between the government and the STC since early last month has fractured the Saudi-led coalition battling the Houthi movement and triggered a wider rift between Gulf powers.
The Houthis, who are backed by Iran, seized the capital Sanaa in 2014, prompting Saudi Arabia and its allies to intervene the following year in support of the government. Since then, Yemen has been split into rival zones of control.
A senior government official told Reuters that forces would continue advancing towards Aden, adding that any dialogue would only begin once the city was secured. Aden has served as the main seat of power outside Houthi-controlled areas since 2015, but government leaders relocated to Saudi Arabia early last month after the STC seized control of the city.
On Saturday, government forces said they had retaken Mukalla in the eastern province of Hadramout, while residents around Aden reported STC fighters setting up checkpoints.
Disruption has also affected air travel. Aden airport closed on Thursday amid a dispute over flights between the city and the United Arab Emirates, with both sides blaming each other. At least one flight departed on Sunday, according to travellers and airport officials. The U.S. Embassy said it had received reports of closures and diversions, including flights redirected to the Yemeni island of Socotra.
Late on Friday, the government said it had asked Saudi Arabia to host a forum to resolve the southern dispute. Riyadh agreed and extended invitations to southern factions. The STC welcomed the move on Saturday, signalling that negotiations may now be seen by all sides as the eventual way out of the brief but destabilising conflict.
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.
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.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
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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