Oil stays above $100 a barrel amid Iran’s stranglehold on Strait of Hormuz
Al Jazeera
Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.
Oil prices have again risen above $100 per barrel as energy markets see little relief amid the biggest disruption to global energy supplies in a generation.
Brent crude, the international benchmark, surged more than 9 percent on Thursday as traders weighed the prospect of weeks, or even months, of turmoil in energy markets as the United States and Israel wage war on Iran.
Brent futures, which are traded outside of regular market hours, were priced at $101.13 as of 03:00 GMT.
Asian stock markets, including exchanges in Tokyo, Seoul and Hong Kong, opened sharply lower on Friday, following steep losses on Wall Street overnight.
The latest surge in oil prices came after Iran’s Supreme Leader Mojtaba Khamenei pledged to maintain the effective closure of the Strait of Hormuz, which normally transports about one-fifth of global oil supplies.
The Inter-American Commission on Human Rights is set to hold its first international hearing on US’s alleged extrajudicial killings in the Caribbean and eastern Pacific.
United States officials are issuing contradictory statements on the war’s timeline and objectives.
Taiwan face China in a tense quarterfinal of the Women’s Asian Cup, where political tensions will be at the fore.
Somali minister tells Al Jazeera Israeli base plans in Somaliland risk dragging Somalia into ‘external confrontations’.
The prosecutor’s office said the crimes being investigated include deportation and persecution through deportation.
An Israeli air attack struck a building during a live Al Jazeera broadcast in a new “wave of attacks” on Hezbollah.
Authorities report car ramming at Temple Israel Synagogue in West Bloomfield Township, Michigan, assailant killed.
Authorities say a suspect is dead after opening fire in a university building in the latest shooting to unfold on a US university campus.
Charges dropped against five soldiers accused of sexually abusing a Palestinian detainee at a military facility.
Iran is asking for ‘reparations’ and a guarantee that the US and Israel will not attack in the future.
Iran’s Mojtaba Khamenei says strait should remain closed as Donald Trump claims US benefits from high oil prices.
Pakistani spinner Abrar Ahmed has been signed by Indian-owned Sunrisers Leeds in English cricket’s Hundred auction.