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Iran are due to play all three of their group games at this summer’s finals in the United States.
It’s a larger stock than the 182.7 million barrels that were released in 2022 in response to Russia’s full-scale invasion of Ukraine
The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.
By Daren Butler and Ali Kucukgocmen ISTANBUL, March 11 (Reuters) - The trial of Istanbul's jailed mayor, Ekrem Imamoglu, is a purely political affair aimed at preventing him from challenging President Tayyip Erdogan in the next election, Turkey's main opposition leader told Reuters in an interview on Wednesday. Imamoglu, 55, appeared in court on Monday in the opening hearing of a sweeping corruption case involving more than 400 defendants linked to the Istanbul municipality.
Iran's new supreme leader Mojtaba Khamenei, who has not spoken or been seen in public since his appointment at the weekend, is injured but "safe", officials said Wednesday. "I heard news that Mr Mojtaba Khamenei had been injured. I have asked some friends who had connections," the Iranian president's son, Yousef Pezeshkian, wrote in a post on his Telegram channel. "They told me that, thank God, he is safe and sound," added Pezeshkian, who is a government advisor.
An Irish-language singer from punk-rap group Kneecap will not face a terrorism charge after UK prosecutors lost a High Court challenge Wednesday against a judge's decision to dismiss the case. Liam O'Hanna was charged in May last year with displaying a flag of the proscribed Iran-backed Lebanese militant group Hezbollah at a November 2024 concert in London under the UK's 2000 Terrorism Act. But he walked free from a London court in September after a chief magistrate, Paul Goldspring, found there had been a technical error around the timings in bringing the case against him.
Trump says ‘practically nothing left’ to target in Iran, Axios reports US President Donald Trump said there is “practically nothing left to target” in Iran after days of US strikes, suggesting the war could end soon, according to a report by Axios. Speaking in a brief phone interview with the outlet on Wednesday, Trump claimed the military campaign had exceeded expectations and caused more damage than originally anticipated. “The war is going great. We are way ahead of the timetable,” Trump told Axios, adding that the conflict could end whenever he decided it should. Despite the president’s remarks, US and Israeli officials told the outlet that there has been no internal decision on when the fighting will stop, with some officials preparing for at least two more weeks of strikes. Axios also reported that the US recently received intelligence indicating Iran had begun laying mines in the Strait of Hormuz, the critical global oil shipping route. Trump said US strikes destroyed 16 Iranian mine-laying boats, while US Central Command said its operations aim to weaken Iran’s ability to threaten regional shipping and project military power.
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Late-night hosts discussed Trump’s mixed messaging on Iran, the Melania documentary and a ‘cult’ of Maga footwear On late-night shows, hosts poked fun at the Trump administration’s inconsistent messaging on the Iran war, Pete Hegseth splurging on high-end food at the Pentagon and New York’s John F Kennedy Jr lookalike contest. Continue reading...
Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge Toronto Star
Experts say Iran’s vast, mountainous terrain would make invasion difficult but a small, precise mission is possible.
Former US secretary of state says oil shock driven by war in Iran highlights dangers of reliance on fossil fuels Middle East crisis live – latest updates Countries must seek energy independence through renewable resources and nuclear energy for their national security, and to avoid the “choke points” of fossil fuel supply, the former US secretary of state John Kerry has warned. The war in Iran has sent oil prices soaring, as refineries and fields have closed down in several Middle Eastern countries and many tankers are stranded in the strait of Hormuz, with economic impacts beginning to be felt around the world. Continue reading...
ANKARA, March 11 (Reuters) - Turkish President Tayyip Erdogan said on Wednesday that the war in Iran must be stopped before the whole Middle East region is "thrown into the fire", adding that diplomacy must be given a chance. NATO air defences have in the last week intercepted two Iranian missiles headed toward southern Turkey, where there are air and radar bases used by NATO and the United States, and the alliance has since beefed up defences there.
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The International Energy Agency (IEA) has agreed to release 400 million barrels of emergency oil reserves, marking the largest volume in its history.
Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices IEA poised to call for largest ever release of stockpiled oil to reduce price How the Iran conflict could affect energy prices – video explainer When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the International Energy Agency (IEA) was created, in the hope of limiting future shocks. Almost half a century on, the IEA’s 32 members have drawn up plans to hit the emergency button, for only the fifth time in its history. Continue reading...
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