Iran-US struggle newest: Mojtaba Khamenei named supreme chief to succeed father killed in strikes as oil costs surge | EUROtoday

Bahrain this morning stated no less than 32 residents have sustained accidents in an alleged Iranian drone assault on the island of Sitra.

The well being ministry of Bahrain stated all of the wounded have been Bahraini residents and there have been 4 “serious cases”, together with kids.

The wounded included a 17-year-old woman who suffered extreme head and eye accidents and a two-month-old child, in response to the ministry.

Oil costs eclipsed $114 per barrel for the primary time since 2022 this morning because the Iran struggle intensified, threatening manufacturing and transport within the Middle East.

The worth for a barrel of Brent crude, the worldwide normal, surged previous $114 after buying and selling resumed on the Chicago Mercantile Exchange. That was up 23 per cent from its Friday closing worth of $92.69.

West Texas Intermediate, the sunshine, candy crude oil produced within the United States, additionally was promoting for about $114 a barrel. That’s 25 per cent greater than its shut Friday at $90.90.

South Korean president Lee Jae Myung stated this morning that authorities would cap home gasoline costs for the primary time in almost 30 years to comprise a spike after the battle within the Middle East despatched international crude costs sharply greater.

Speaking at an emergency assembly on the influence of the Middle East disaster, Mr Lee stated the federal government would “swiftly introduce and boldly implement” a most worth system on petroleum merchandise which have just lately seen extreme worth will increase.

The present disaster “is a significant burden on our economy, which is highly dependent on global trade and energy imports from the Middle East,” he stated in opening remarks.

He added that South Korea can even search for vitality sources past provides shipped by way of the Strait of Hormuz.

Mr Lee stated a 100 trillion received ($66.94bn) market stabilisation programme could possibly be expanded if wanted, and referred to as on the federal government and the central financial institution to organize extra measures to reply to volatility in monetary and overseas change markets.

The largest airline within the Gulf, Emirates, is resuming flights at scale – regardless of its hub at Dubai airport being the goal of an Iranian assault.

Following recent drone strikes within the UAE metropolis, flights have been briefly suspended on Saturday and passengers have been taken into tunnels on the airport, which is generally the busiest international hub on the earth.

But Emirates stated it could proceed to ramp up its operations to and from its hub at Dubai.

The Gulf state’s vitality minister, Saad al-Kaabi, stated it could take his nation “weeks to months” to return to its regular supply sample after an Iranian drone strike at its largest liquefied pure gasoline (LNG) plant – with Europe more likely to undergo a worth spike consequently.

His prediction got here as Goldman Sachs financial institution warned the value of oil may bounce to as a lot as $150 per barrel by the top of March, hitting British customers and companies exhausting.

Here’s who he’s and why it issues:

The British couple jailed in Tehran instructed how bombs exploding subsequent to their jail shattered home windows and precipitated plaster to rain down from the ceiling.

Lindsay and Craig Foreman, from East Sussex, have been sentenced final month to 10 years in jail on disputed espionage expenses after being arrested whereas travelling by means of Iran on a worldwide motorbike tour in January 2025.

Now residing by means of the Israeli-US bombardment of Iran, they recounted how final Saturday afternoon a bomb exploded so near Evin Prison that the blast blew out the home windows.

Sir Tony Blair criticised Sir Keir Starmer’s sluggish assist for Donald Trump’s struggle on Iran, reportedly telling an occasion: “We should have backed America from the very beginning”.

The former prime minister instructed a personal Jewish News occasion on Friday that Sir Keir ought to have let the Trump administration use British airbases to strike Iran.

He reportedly added: “If they are your ally and they are an indispensable cornerstone for your security … you had better show up”.

The US has ordered non-essential US diplomats and authorities worker relations to depart Saudi Arabia as a result of security dangers.

The United States started to drag out non-essential workers from Gulf Arab nations final Monday, three days into the struggle.

The US ​embassy in Riyadh on Tuesday authorised voluntary departures, 4 days into the struggle and on the identical day that it was struck by Iranian drones that led to a fireplace that ​broken the mission’s services.