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Iran War: Oil price shock warning as Gulf states say exports may be cut off | BBC News
Gulf oil and gas producers are warning that exports could be cut off within weeks if the conflict with Iran continues. Qatar has said repeated Iranian strikes on the region’s oil refineries and tankers risk causing a global shortage and serious damage to the global economy.
It came as the US and Israel continued their bombardment of Iran. The Israel Defence Force said it hit 400 targets inside Iran on the seventh day of the war. The Iranian Red Crescent said more than a thousand people have been killed in Iran.
Iran has continued to retaliate, with its latest strikes by missiles and drones aimed at the UAE, Dubai and Israel.
The UN Secretary General, Antonio Guterrez, has condemned all the violence, saying it’s “time to stop the fighting.” Donald Trump has warned that only Iran’s “unconditional surrender” will bring it to an end.
Israel is also continuing a heavy assault in southern Lebanon, where it says it’s targeting the Hezbollah militia group. Thousands of people have fled their homes.
Clive Myrie and Anna Foster presents BBC News at Ten reporting by Lyse Doucet, Sarah Smith, Faisal Islam, Nick Beake, Wyre Davies and Lucy Williamson.
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US government prepares to print $250 note featuring US President Donald Trump’s face. #BBCNews
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After Laura’s exclusive interview, she’s joined by Henry and Joe to discuss what Nicola Sturgeon had to say about her estranged husband Peter Murrell’s guilty plea to embezzling hundreds of thousands of pounds from the SNP – as well as the political and public reaction to her words.
Hear the full length interview on the previous episode of Newscast.
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The US and Iran still need to work out several sticking points before an agreement on the war can be reached, Vice-President JD Vance has said.
Asked by the BBC if President Donald Trump was close to signing a deal, Vance said it was too early to say “when or if” the two sides would finalise an agreement.
Meanwhile, waves of Israeli strikes have hit southern Lebanon, targeting Hezbollah infrastructure, according to the Israeli military.
The escalation threatens to derail talks aimed at ending the war between the US and Israel on one side and Iran on the other.
Iran insists that any deal must also cover Lebanon. Israel says it reserves the right to continue to fight the threat from Hezbollah.
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Hundreds of pro-Palestinian activists who were detained in Israel after their flotilla bringing symbolic aid to Gaza was intercepted …
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At the Vatican on Monday, Pope Leo XIV issued his first encyclical, a letter issued to the world’s bishops. In it, he criticised artificial …
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