Live Updates: Oil Price Surge Rattles Markets; Iran’s Choice of Leader Signals Defiance
Stocks fell on fears of the Iran war’s effects on energy prices. Top clerics selected Mojtaba Khamenei as Iran’s supreme leader, despite President Trump’s warning that he was “unacceptable.”
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G7 to take 'necessary measures' to support energy supplies
Finance ministers and the IEA discussed options for stabilising oil prices which surpassed $100.
Andrew Malkinson accuser ‘wasn’t too sure it was the right man’, court told
Malkinson spent 17 years in prison after being wrongly convicted in rape case for which another man is now on trialA woman who alleged she was raped by Andrew Malkinson admitted to police 22 years ago that she “wasn’t too sure it was the right man,” a court has heard.Malkinson spent 17 years in prison for an attack he did not commit in what jurors heard was a “most terrible” miscarriage of justice. Paul Quinn is now on trial at Manchester crown court accused of the 2003 rape after fresh DNA tests allegedly linked him to the victim. Continue reading...
First minister pledges help with costs of ‘horrific’ fire next to Glasgow Central station
John Swinney expresses ‘huge relief’ that no one was hurt in blaze believed to have started in vape shopScotland’s first minister has pledged to help deal with the costs of the “horrific” fire that has closed Glasgow Central station for at least two days and gutted a Victorian office block.John Swinney said it was a huge relief there had been no injuries, but that there would be significant financial costs from the fire, which caused chaos for the city’s commuters and the cancellation of west coast main line services to Glasgow. Continue reading...
Middle East crisis live: Israel resumes strikes across Tehran and Beirut as Turkey and Qatar intercept Iranian missiles
The Israeli military announced strikes against infrastructure across Iran and a Hezbollah-linked group in Beirut while Iranian missiles targeting Turkey and Qatar were interceptedFull report: Ali Khamenei’s son Mojtaba chosen as Iran’s new supreme leaderTell us: how have you been affected by the latest events in the Middle East?Donald Trump has said a decision on when to end the war with Iran will be a “mutual” one he’ll make together with Benjamin Netanyahu, the Times of Israel has reported.It said Trump also claimed in a brief telephone interview on Sunday that Iran would have destroyed Israel if he and Netanyahu had not been around. The US president said:Iran was going to destroy Israel and everything else around it … We’ve worked together. We’ve destroyed a country that wanted to destroy Israel.I think it’s mutual … a little bit. We’ve been talking. I’ll make a decision at the right time, but everything’s going to be taken into account. Continue reading...
Starmer warns of bigger impact on economy the longer Iran war continues - UK politics live
The prime minister is facing pressure from unions and some backbenchers to prepare a support package as oil and gas prices threaten to push up inflationAs we mentioned in the opening post, the chancellor, Rachel Reeves, has a call with fellow G7 finance ministers this afternoon to discuss surging oil prices and the economic impact of the US-Israeli war with Iran.You can follow all the latest market developments in our business live blog, which is leading on how stock markets are tumbling after the oil price surged over $100 a barrel for the first time in four years:The longer this conflict goes on, the more effect it will have on the cost of oil.Any time Brent Crude passes 100 dollars per barrel raises concern across the markets, for the haulage industry and drivers.Average petrol and diesel prices have rocketed in the last week and are unfortunately likely to keep on rising, so the situation for UK drivers is looking increasingly bleak.Unleaded is almost certainly going to reach an average of 140p in the next week or so, while diesel looks highly likely to climb to at least 160p a litre. We encourage drivers to continue filling up as normal but to shop around for the best prices. Continue reading...
Trump vows not to sign any new legislation until SAVE America act is passed – US politics live
President threatens that lawmakers must pass act ‘immediately’ as it ‘supersedes everything else’ in social media postSign up for the Breaking News US email to get newsletter alerts in your inboxIn response to the news that oil prices surged past $100 a barrel for the first time since 2022, Republican congressman Mike Lawler said that the the price hike at the pump “needs to be a focus of the administration” in an interview with CNN.According to AAA, the average price for a gallon of gasoline rose to $3.47 on 9 March, – a 16% increase in the last week. Continue reading...
What defence support could Ukraine offer Middle East states amid Iran war?
Ukraine has built low-cost drones to counter Russian attacks with imported Iranian Shahed drones.
Roman Abramovich ready to fight UK government over proceeds from £2.5bn Chelsea sale
Russian oligarch says money is his to allocate despite international sanctions imposed on his assetsThe Russian oligarch Roman Abramovich has stepped up his row with the British government over the £2.5bn proceeds of his sale of Chelsea FC, insisting that the money is his to allocate despite the international sanctions imposed on his assets.The UK and EU imposed sanctions on Abramovich in 2022, freezing his assets in response to Moscow’s full-scale invasion of Ukraine, citing his ties to Vladimir Putin’s regime. Continue reading...
Australia Urged to Protect Members of the Iranian Women’s Soccer Team
The athletes, who are set to head home, were called “traitors” by Iran’s state media after they didn’t sing their national anthem during a match in Australia.