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 $...
Japanese company ispace announced that its unmanned moon lander, called Resilience, likely crashed during its landing attempt on Friday. This is their second failed try, after their first mission also ended in a crash two years ago.
Ispace had hoped to join other private companies like Intuitive Machines and Firefly Aerospace, both from the U.S., in successfully landing on the moon. But this failure means Japan will have to wait longer to get a commercial presence on the moon again.
Still, Japan isn't giving up. The country continues to support NASA's Artemis program, which aims to return humans to the moon, and many Japanese companies are exploring the moon as a future business opportunity.
What Went Wrong?
The lander, Resilience, lost its ability to correctly measure how far it was from the moon's surface. Because of that, it didn't slow down enough and likely crashed. After that, the team lost all communication with the spacecraft.
Ispace's Chief Technology Officer, Ryo Ujiie, said the crash might have been caused by problems with the sensors, software, or propulsion system.
More than 500 people, including ispace employees, investors, and government officials were watching the landing attempt live in Tokyo. The room fell silent when data was lost just two minutes before touchdown.
Following the crash news, ispace's stock price plummeted, dropping 29% due to a wave of sell orders. However, the company said it still has strong financial backing and isn't in immediate trouble.
What Was On Board?
Resilience was carrying a small rover and other scientific equipment, including tools from Japanese companies and a Taiwanese university. The total value of the payloads was about $16 million.
The lander was aiming to land on Mare Frigoris, a plain near the moon’s north pole. If it had landed safely, it would have conducted a two-week exploration mission, including collecting samples of lunar soil as part of a contract with NASA.
Looking Ahead
Even though this mission failed, ispace isn't stopping. Their next mission is already in the works for 2027, using a bigger lander being built by their U.S. branch. In total, ispace is planning at least six more missions by 2029 in both the U.S. and Japan.
Japan is also not alone in its space ambitions. Its space agency, JAXA, successfully landed a spacecraft on the moon last year, making Japan the fifth country to do so after the U.S., Soviet Union, China, and India.
Japan has also signed an agreement with NASA to include Japanese astronauts in future Artemis missions and continues to fund space research and development.
Despite this setback, Prime Minister Shigeru Ishiba publicly expressed confidence in ispace, saying expectations remain high.
However, some experts say other Japanese companies might now consider working with foreign space transport providers to test their technologies on the moon.
Ispace CEO Takeshi Hakamada said they are committed to helping NASA with its missions, especially given tight budgets, and they will continue supporting development in the U.S. to meet those goals.
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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