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 $...
Opposition leader Lee Jae-myung has won South Korea’s presidential election, following a dramatic political upheaval sparked by the impeachment of former President Yoon Suk Yeol after his failed attempt to impose martial law late last year.
Lee’s victory was confirmed after ruling party candidate Kim Moon-soo, a former cabinet member under Yoon, conceded defeat Tuesday night. South Korea’s major broadcasters declared Lee the certain winner shortly after polls closed at 8:00 p.m. local time.
The election, conducted under extraordinary circumstances, was widely viewed as a public referendum on Yoon’s controversial bid to militarize the state amid protests and political discord in December. That move triggered a constitutional crisis, leading to his impeachment and a snap election.
Lee, who previously lost the presidency in 2022 and remains under investigation for alleged corruption, centered his campaign on restoring democratic norms and preventing future authoritarian overreach. His message resonated across a deeply polarized electorate.
“I will make sure that the shadows of dictatorship never fall on our democracy again,” Lee said in his victory speech, vowing to revive the economy and pursue peace on the Korean Peninsula.
Major Foreign Policy Challenges Ahead
Lee's presidency begins under immense external pressure. South Korean businesses are reeling from newly imposed U.S. tariffs, while diplomatic tensions simmer with China and North Korea.
Further complicating matters, Donald Trump’s return to the White House has cast uncertainty over the U.S.-ROK alliance, with reports suggesting Trump may reduce American troop deployments in South Korea. Although Lee has previously been critical of U.S. military presence, he has tempered his stance recently — balancing calls for sovereignty with pragmatic diplomacy.
He has also expressed interest in closer ties with China, raising the risk of friction with Washington.
National Division Remains Deep
Though Lee’s election marks a sharp rebuke of Yoon’s administration, he inherits a country bitterly divided along ideological lines. Many South Koreans, particularly conservatives, remain suspicious of Lee’s populist style and legal controversies. Reuniting the country and restoring public trust in institutions will be among his most difficult tasks.
This dramatic power shift, on the six-month anniversary of the martial law attempt, signals a critical moment for South Korea's democracy — one shaped by civic resistance, institutional resilience, and a deep desire to prevent history from repeating.
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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