US EditionDC Wrap: New Iran Leader Issues First Statement; Oil Prices Hit $100 a Barrel
Ayatollah Mojtaba Khamenei vows to use Strait of Hormuz closure as leverage, continuing attacks that pushed oil prices above $100 a barrel, disrupting global energy and shipping.
- In a rare public statement Thursday, Iran's leader vowed to keep up attacks on Gulf Arab countries and use the Strait of Hormuz as leverage, pledging continued wartime action.
- On Thursday, a state TV news anchor read a statement where he vowed to avenge those killed in the war, citing a school strike that killed over 165 people.
- Markets moved quickly: oil surged as Brent crude climbed 9.2% to $100.46, while the S&P 500 fell 1.5%, the Dow Jones Industrial Average dropped 739 points, and the Nasdaq composite lost 1.8%.
- Immediate fallout includes strains on global energy supplies and international travel, as officials warned the conflict could block Persian Gulf oil production long-term and fuel inflation.
- Rarely seen in public since the opening salvo, Ayatollah Mojtaba Khamenei made his first statement since succeeding his father, who was killed in an Israeli strike.
13 Articles
13 Articles
Brent’s oil barrel — the international benchmark — for delivery in May rose more than 9% this Thursday and stood above $100 at the close of the London futures market session after Iran’s new supreme leader, Mojtaba Jameneí, said the closure of the Strait of Ormuz must be prolonged.
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DC Wrap: New Iran leader issues first statement; oil prices hit $100 a barrel
A look at the day's biggest stories in national politics.
Crude oil prices surge over 40% in 15 days since US-Israel-Iran conflict began
NEW DELHI : Crude oil prices in the international market have surged by more than 40 per cent in just 15 days amid the ongoing war involving the United States, Israel and Iran, which has disrupted the energy supply route through the Strait of Hormuz and affected global energy markets, particularly in Asia.Before the beginning of the war, crude oil prices in international markets on February 27 were trading at around USD 73 per barrel. However, b…
Oil "jumped" to $100 a barrel today, Friday (13/03) in morning Asian trading. More...
Asia shares mostly lower and oil hovers around $100 a barrel over Iran war worries - The Morning Sun
HONG KONG (AP) — Asia shares were mostly lower on Friday, tracking Wall Street losses, while oil prices hovered around $100 per barrel as anxiety remained over the Iran war and its impact on supplies of crude oil and gas. Tokyo’s Nikkei 225 index slipped 1.1% to 53,867.74. Technology-related stocks saw some of the bigger losses, with SoftBank Group falling 4.5%. South Korea’s Kospi fell 1.3% to 5,511.83. Hong Kong’s Hang Seng lost 0.1% to 25,680…
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