G7 set to discuss climbing oil prices, release of emergency reserves
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint r...
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.
Iran’s Assembly of Experts has appointed Mojtaba Khamenei as the nation’s new supreme leader, succeeding his father, Ali Khamenei according to local media reports. The appointment of Mojtaba, a mid-ranking cleric with close ties to the Islamic Revolutionary Guard Corps, came after Ali Khamenei was killed in a joint U.S.-Israeli airstrike on 28 February.
The Group of Seven (G7) finance ministers will discuss on Monday (9 March) a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reported. The report comes as oil prices surged more than 25% on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran. The IEA and the G7 presidency did not respond to requests for comment outside regular business hours.
The U.S. embassy in Oslo was hit by a loud explosion early on Sunday (8 March), causing minor damage but no injuries in what may have been a deliberate attack linked to the crisis in the Middle East, Norwegian police said. "It's natural to see this in the context of the current security situation and that this could be an attack deliberately targeting the U.S. embassy," Frode Larsen, head of the Oslo police investigation unit told a news conference. No suspects have been identified at present but police are searching for one or several perpetrators and are cooperating closely with the embassy, Larsen said.
President of the Islamic Republic of Iran Masoud Pezeshkian made a phone call to President of the Republic of Azerbaijan Ilham Aliyev on 8 March. Noting that the incident involving airstrike on Nakhchivan had no connection with Iran, President Masoud Pezeshkian emphasised that the incident would be investigated. Azerbaijani President Ilham Aliyev once again expressed his condolences over the death of numerous civilians in the recent events in Iran.
An Israeli air strike and tank shelling killed six Palestinians, including two girls, in Gaza City on Sunday (8 March) in two separate attacks, local health officials say. The strike hit near crowded tent camps where Gazans were sheltering, and wounded several other people, the medics added. There was no immediate Israeli comment on the reported tank shelling incident.
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.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
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.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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.
Recent operations by the U.S. military have led some to believe that a decapitating strike is a silver bullet capable of fixing any foreign policy problem swiftly. However, this logic is flawed, and the risks of relying on swift, targeted actions are too great to ignore.
Global oil prices have surged past $110 a barrel this Monday as fresh U.S.-Israeli strikes hit multiple targets, including oil depots. Stock markets fell on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz, raising concerns over global energy supply.
The U.S. embassy in Oslo was hit by a loud explosion early on Sunday (8 March), causing minor damage but no injuries, in what may have been a deliberate attack linked to the crisis in the Middle East, Norwegian police said.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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