Iran War Live Updates: Oil and Gas Prices Soar After New Attacks on Gulf Energy Sites
Refineries and gas facilities in Kuwait, Qatar and Saudi Arabia were struck, a day after Iran’s vast South Pars gas field was hit. The sustained attacks heightened fears over the war’s damage to the global economy.
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Iranian Missile Attack Leaves 3 Palestinians Dead in West Bank
Several others were injured in the strike, which hit a caravan being used as a hair salon in the town of Beit Awwa, according to Palestinian officials.
Three Palestinian women killed as missile debris hits West Bank beauty salon
They were killed when shrapnel landed in Beit Awwa, while a Thai worked was also killed by shrapnel falling in Israel.
Japan's prime minister visits the White House under shadow of Iran war
Japan Prime Minister Sanae Takaichi will be the first U.S. ally to visit the White House since President Trump asked for help in sending ships to patrol the Strait of Hormuz.
Khan says Labour should rejoin EU customs union and single market this parliament – UK politics live
London mayor also says his party should make clear manifesto commitment on full membership in next parliamentSharon Graham’s comment about Keir Starmer facing a leadership challenge after the May elections (see 9.50am) was prompted by a question about Angela Rayner, who seems to be intensifying her preparations for a possible leadership contest. Pippa Crerar has more insight in her thinking in this very good article.Here’s an extract.Until recently, Rayner – publicly at least – agreed. She rallied round when Anas Sarwar called for Starmer to go last month, posting that Starmer had her “full support” and urging the Labour party to come together. With her intervention, any prospect of a coup was over.But despite the public display of loyalty, allies suggest that Rayner has, over time, been losing faith in Starmer and his Downing Street operation – and thinks the party must now take a different direction. Continue reading...
Hungary’s Orbán says he won’t back down and allow EU’s €90bn loan to Ukraine – Europe live
Hungarian PM, who is facing an upcoming election, appears in no mood to compromise as EU leaders meet in Brussels this morningMacron also condemned the latest Iranian attacks on Gulf energy sites as “reckless escalation.”He warned that if Middle Eastern energy “production capacities themselves are destroyed, this war will have a much more lasting impact,” calling for “direct talks between the Americans and Iranians on this matter.” Continue reading...
US rapper Afroman cleared after police sued him over use of home raid footage
Artist who topped UK charts with Because I Got High created comedic videos from footage, which officers claimed invaded their privacyChart-topping US rapper Afroman has been cleared of wrongdoing after Ohio police filed a lawsuit against him, alleging defamation, emotional distress and invasion of privacy after the artist used footage from a police raid on his home in a series of mocking videos.In 2022, police searched the rapper’s home for evidence of drug possession and trafficking, and kidnapping. No evidence was found and no charges were filed. Continue reading...
Middle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes Qatar
US president says Israel will not launch another attack on the giant gasfield shared by Iran and Qatar, but promises to destroy it if Tehran retaliatesFull report: Trump threatens to ‘blow up’ all of Iran’s South Pars gasfield if Tehran strikes QatarFighting intensifies between Israel and Hezbollah in southern LebanonTurning to Australia now, a petrol tsar will manage “unprecedented” supply issues caused by the Middle East conflict as the finishing touches are put on measures to address dire shortages in many regional areas.Prime minister Anthony Albanese convened a snap virtual meeting of the national cabinet on Thursday to discuss major price shocks and shortages driven by the US-Israel war on Iran.My government will be announcing more measures to prepare the nation for supply chain challenges over coming days and weeks.Our fuel supply is currently secure. However, I want us to be over-prepared. Continue reading...
Oil Prices Soar on Heightened Fears Over Energy Supplies
Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.
Gas prices surge 25% as Middle East conflict ‘spooks the markets’; airlines warn of higher fares as oil jumps 10% – business live
Attacks on South Pars and Ras Laffan, and Donald Trump’s threat to “massively blow up” the world’s largest gasfield, all hit marketsUK wage growth slows sharply as unemployment holds steadyFed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarEuropean stock markets have dropped sharply at the start of trading, hit by worries about surging energy prices.In London, the FTSE 100 blue-chip share index has tumbled by 162 points, or 1.6%, to 10,142 points.“Fears of a sustained energy shock have resurfaced after the escalation in the Iran war sent oil and gas prices soaring. The prospect of a longer, more drawn-out conflict is in sharp focus, as both sides ratchet up attacks on energy infrastructure.Brent crude remains highly volatile but has traded as high as $114 a barrel today, threatening to climb back towards recent scorching levels. Gas prices have surged by 25%, reaching a range not seen since early January 2023.The Company is ready to restart production and exports quickly with an improvement in the security environment. Continue reading...