Oil hits $100 for first time since July as chaos continues in Strait of Hormuz

Bryony Gooch9 September 2026 16:00

Pictured: Satellite image appears to show damage to the King Khalid Airbase at Saudi Airbase that Houthis claimed to have attacked(Reuters)

Bryony Gooch9 September 2026 15:00

US military says it destroyed five Iranian oil carriers after attempted missile attacks

US Central Command ⁠said on Tuesday that its ⁠forces ​destroyed ⁠five ⁠Iranian ​crude oil ⁠carriers ‌on September 8 after ‌attempted missile ‌attacks ⁠on a US Navy warship over the past ‌two ​days.

Bryony Gooch9 September 2026 14:20

Pictured: People walk past a mural depicting an Iranian drone on a street in Tehran(Reuters)

Bryony Gooch9 September 2026 14:00

Israel says it strikes southern Lebanon after Hezbollah drone launch

The Israeli military said on Friday it ⁠struck southern Lebanon after Hezbollah launched a drone attack towards Israeli soldiers.

Three ⁠people were ​killed and ⁠23 were injured in Israeli strikes ⁠on south Lebanon, according ​to ⁠the country’s ‌health ministry. The wounded included medics, in addition ‌to women and children, the ‌ministry said.

The Israeli military also struck targets ⁠across south Lebanon, according to Lebanon’s state-run National News Agency.

Hezbollah did not immediately respond to a request for comment. Since ‌March 2, Israeli strikes ​have killed ‌more than 4,300 ⁠people in Lebanon.

Bryony Gooch9 September 2026 13:40

Iran’s Guards say they attacked US base in Jordan

Iran’s Revolutionary Guards said in ⁠a statement carried by Iranian state ⁠media ​on ⁠Wednesday that ⁠they had attacked ​what ⁠they described ‌as a US ‌base in ‌Jordan’s Al Azraq with ⁠ballistic missiles, in retaliation for US attacks on Iranian oil ‌tankers.

There was ​no ‌immediate ⁠confirmation from ⁠Jordan.

Bryony Gooch9 September 2026 13:30

Kremlin says cheaper Russian gas could ease Europe’s pain amid rising prices

The Kremlin said on Wednesday that European countries were paying the price for ⁠shunning Russian gas as energy costs surge and could be buying cheaper supplies from Moscow instead.

European natural gas prices have soared amid the war in Iran, reaching their highest level last week since late 2022, when the start of the Ukraine conflict ⁠prompted Europe to slash imports of Russian ​pipeline ⁠gas.

Benchmark European gas prices climbed to €75 per megawatt hour last week, more than double their level a year ago.

Kremlin spokesman Dmitry Peskov ⁠said Europe was hurting itself by buying expensive gas on the spot ​market ⁠instead of opting for cheaper Russian ‌options.

“Europeans should of course be looking for cheaper sources of energy. Russian gas, whether piped gas or liquefied natural gas, could long ago have become ‌a cheaper option for them, although LNG is ‌always sold at spot market prices,” he told reporters on a daily conference call.

Europe’s gas stores are around 67% full, compared with nearly 80% a year ago, the latest data ⁠from Gas Infrastructure Europe showed.

HSBC forecasts European inventories will reach 73% by November 1, the lowest level at that date since data collection began in 2009.

Russia’s pipeline gas exports to Europe fell 44% last year to 18 billion cubic metres, the lowest since the mid-1970s after the closure of the Ukrainian transit route, according to Reuters calculations.

Russian pipeline gas exports to Europe peaked at ‌around 180 bcm per year in 2018 and 2019.

Explosions on the ​Nord Stream undersea gas pipelines in 2022 also curtailed Russian ‌gas exports to Europe.

One leg of ⁠the Nord Stream 2 pipeline in the Baltic Sea remains undamaged.

“Based ⁠on common sense, of course, they (Europeans) could long ago have made use of Nord Stream. ‌One of its strings remains ​intact and operational, and it ‌could be brought back into service at ​very short notice,” Peskov said.

Bryony Gooch9 September 2026 13:20

Recap watch: ‘Small potatoes’: Trump says Iran conflict isn’t a ‘big thing’ for US’Small potatoes’: Trump says Iran conflict isn’t a ‘big thing’ for US

Bryony Gooch9 September 2026 13:00

Ships passing through restricted areas will face sanctions, IRGC warns

An IRGC spokesperson has warned that any ship passing through the restricted area of the Strait of Hormuz will face sanctions if there is no coordination with Iran.

They added the maritime restricted area extended from Chabahar into parts of the Gulf of Oman and Arabian Sea.

Bryony Gooch9 September 2026 12:40

Panama-flagged tanker struck by drone in Iraqi waters, port officials say

A Panama-flagged tanker carrying 2 ⁠million barrels of Iraqi fuel ⁠oil ​was ⁠struck by a drone ⁠in ​Iraqi territorial ⁠waters ‌on Wednesday, two port officials ‌said.

Iraqi rescue ‌boats extinguished a ⁠fire aboard the tanker, New Andros, and there were no reports ‌of ​casualties, port officials ‌told ⁠Reuters.

Bryony Gooch9 September 2026 12:20