
Oil Extends Surge as Fresh US Strikes Against Iran Rattle Market
Oil extended a powerful surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the region.
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Oil extended a powerful surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the region.

Iranian state media report explosions in several locations hours after Donald Trump threatened further military action at Nato summit US carries out another wave of strikes on Iran Wednesday’s strikes against Iran expected to be greater in number than those carried out on Tuesday, an unnamed U.S. official told Reuters. Sahar, a 34-year-old teacher in Tehran who uses only one name to protect her identity, said the latest attacks have left families worried about new strikes on the residential areas. “Every night we remain alert, in fear, and charge our phones, keep our packed bags near the doors, and sleep lightly because we do not know when we will have to rush and leave the house,” she said. “People here are tired and fed up; we want peace, dignity, and a normal life, not another unending war decided over our heads.” Meena, a 29-year-old graphic designer, said the fresh strikes have deepened a sense of uncertainty among young Iranians already struggling with economic crisis and limited freedoms. “My generation has grown up with sanctions, protests, internet shutdowns, and now missiles,” she said. “We are not statistics. We are people trying to work, study, love, and plan a future, but every crisis pushes that future further away.” Continue reading...

Actor best known for Grey’s Anatomy says he gave serious thought to running for office amid frantic search for viable options to replace embattled Maine Democrat Sign up for the Breaking News US email During a bilateral meeting with Volodymyr Zelenskyy at the Nato summit in Ankara, Donald Trump was asked about Iran, and he repeated his earlier criticism. On Wednesday, while speaking to reporters alongside Mark Rutte, the Nato secretary general, Trump said that memorandum of understanding signed last month by the US and Iran is “over”, in the wake of the latest strikes. Continue reading...

Trump says the attacks are "retribution for yesterday's bombing of ships by Iran". Iran earlier promised strong retaliation.

Dow down 1.09%, or 500 points, as S&P 500 sees a small loss and tech-heavy Nasdaq rises slightly Middle East crisis live US stock markets fell on Wednesday as the US continued strikes on Iran and the Federal Reserve flagged concerns that would warrant higher interest rates. Donald Trump’s declaration at the Nato summit in Ankara that the Iran-US ceasefire is over sent oil prices sharply higher Wednesday. Brent crude, the global benchmark, jumped more than 5% to crest $80 a barrel. US stocks fell in step, with the Dow down 1.09%, or 500 points, at closing Wednesday afternoon. The S&P 500 saw a small loss while the tech-heavy Nasdaq rose slightly. Global stocks had fallen earlier in the day, with the UK’s FTSE 100 down 1% as Japan’s Nikkei fell 2.1%. Continue reading...
Israeli strikes in Khan Yunis and Gaza City killed five people and wounded others, including children.