US and Israel achieve tactical successes against Iran amid shifting US military objectives and complex conflict dynamics
Recent military actions by the United States and Israel against Iran have prompted significant tactical successes, as characterized by military analysts. However, these tactical achievements do not necessarily equate to long-term strategic victory for the US, which has been shifting its objectives daily. As confirmed by Daniel Schneiderman, Director of Global Policy Programs at Penn Washington, the US transition in goals, from neutralizing Iran’s military and nuclear capabilities to aiming for regime change, indicates a complex, evolving conflict lacking a clear resolution. The situation escalated amidst an ongoing conflict that has seen various military operations targeting Iran. The United States... [Continue Reading]
Extraordinary announcement not enough to bring down oil price
The International Energy Agency (IEA), the developed nation body founded in the 1970s to deal with oil crises precisely like the one we're now facing, has announced something extraordinary. [Continue Reading]
IEA recommends record 400M barrel oil release amid Iran war
The International Energy Agency has agreed to release a record 400 million barrels of oil. [Continue Reading]
IEA to release record amount of emergency oil reserves as Middle East war rattles markets
The International Energy Agency (IEA) said its 32 members would release a record 400 million barrels from strategic reserves to steady markets as the Middle East war continue to push oil prices higher and threaten global supply. [Continue Reading]
EU and UK urge Israel to address rising violence by settlers against Palestinians in West Bank amid ongoing military conflict with Iran
The European Union (EU) and the United Kingdom have issued urgent demands for Israel to curb escalating violence by Jewish settlers against Palestinians in the Israeli-occupied West Bank. This surge in violence has been reported since the onset of Israel’s military conflict with Iran. According to the United Nations, there have been six confirmed Palestinian fatalities resulting from attacks perpetrated by settlers across various locations in the West Bank over the past 11 days. The United Kingdom expressed its deep concern over these incidents, describing the killings as appalling. The EU reiterated that the scale of settler violence is intolerable... [Continue Reading]
IEA agrees to record release of emergency oil reserves to calm surging prices
Iran warned on Wednesday that it was ready for a long war of attrition that would “destroy” the world economy, after firing on two commercial ships and threatening vessels transiting through the Strait of Hormuz. “Get ready for oil to be US$200 a barrel, because the oil price depends on regional security, which you have destabilised,” Ebrahim Zolfaqari, spokesman for Iran’s military command, said in comments addressed to Washington. As Tehran tightened its chokehold on the crucial sea passage... [Continue Reading]
IEA agrees release of 400m barrels of oil from strategic reserves
Proposed release is larger than the 182 million barrels of oil that IEA members released after Russia invaded Ukraine. [Continue Reading]
Can the IEA put a lid on the price per barrel by releasing oil stockpiles?
Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress pricesIEA orders largest ever release of stockpiled oil to reduce crude priceHow the Iran conflict could affect energy prices – video explainerWhen 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... [Continue Reading]
US military destroys 16 Iranian mine-laying vessels in the Strait of Hormuz amid rising tensions over shipping lane security
Recent military actions have escalated tensions in the Strait of Hormuz, a crucial shipping lane for global oil supplies. The US military confirmed that it has targeted and destroyed 16 Iranian mine-laying vessels near this vital waterway, following reports of Iran laying several mines in the region. This area, only 21 miles wide at its most narrow point, is a critical passageway for approximately one-fifth of the world's oil supply, making the recent developments particularly concerning for global markets. The US military's actions were prompted by rising intelligence reports indicating that Iran's Islamic Revolutionary Guard Corps (IRGC) had begun laying... [Continue Reading]
‘Nothing off the table’ as Rachel Reeves considers ‘targeted support’ over energy costs
Chancellor does not rule out ditching fuel duty rise but tells MPs it is too early to gauge if consumers need extra helpBusiness live – latest updatesRachel Reeves has refused to rule out ditching a planned fuel duty increase in September, as she promised “nothing is off the table” to help consumers with rising energy costs amid the Iran conflict.The chancellor told MPs on the Treasury select committee that options for “targeted support as well as broader measures” were being explored, although cautioned that it remained “too early” to be sure emergency help was required. Continue reading... [Continue Reading]
Average UK mortgage rate tops 5% as lenders scurry to reprice loans amid Middle East crisis
More than 500 lending products pulled in biggest single upheaval since Liz Truss’s mini-budget in 2022How will war in the Middle East affect your finances?Business live – latest updatesAverage mortgage rates in the UK have flown past 5% as lenders scramble to respond to growing turmoil in the home loan market caused by the Middle East war.Nearly 500 mortgage deals have been pulled in the past 48 hours in what is the biggest upheaval since the aftermath of the 2022 mini-budget. Continue reading... [Continue Reading]
Germany, Japan to unblock oil reserves as G7 stands ‘ready’ to act
Japan and Germany said on Wednesday they would tap into their oil reserves to tackle the rise in crude prices due to the Middle East war, with Berlin saying the IEA global energy body had asked member states to release 400 million barrels. France, the current chair of the Group of Seven countries, said nations were coordinating their steps as G7 energy ministers said they stood ready to take “all necessary measures”. The latest announcement came as leaders of the Group of Seven advanced... [Continue Reading]
IEA poised to call for largest ever release of stockpiled oil to reduce crude price
Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil reserves in its history to help calm the oil price shock triggered by the US-Israeli attacks on Iran.The world’s energy watchdog said its 32 members had agreed unanimously to release about 400m barrels of emergency crude, a third of the group’s total government stockpiles and more than double the IEA’s previous biggest release. Continue reading... [Continue Reading]
Second Man Charged with Murder Relating to Methamphetamine Trafficking
Authorities charged Taliau Tauvela-Afalava, 31, of Aiea, Hawaii, in connection with the March 27, 2021, murder of a man who allegedly failed to pay for methamphetamine. He appeared in court as a co-defendant of Filimone Tavake, 38, of San Francisco, who was indicted and arrested in March 2024. The victim was shot multiple times outside his residence. Surveillance footage showed an unmarked vehicle near the home before the shooting, with two men walking toward the victim’s street and running away following gunshots. Investigators matched the vehicle's infotainment system to phone numbers linked to both suspects. Tauvela-Afalava faces charges including using... [Continue Reading]
360LiveNews | 11 Mar 2026 10:42
IEA to release 400 million barrels from oil reserves
The International Energy Agency is to recommend the release of 400 million barrels of oil, the largest such move in IEA history, to try to restrain soaring crude prices amid the US-Israeli war with Iran. [Continue Reading]
IEA due to meet as member states mull releasing oil reserves amid Iran war
International Energy Agency chief says talks aimed to assess conditions as Iran war drives global uncertainty. [Continue Reading]
Ellie Goulding, 39, gives birth to ‘beautiful’ baby girl with boyfriend Beau Minniear, 28
She said the addition to her family 'fills me with so much joy'. [Continue Reading]
Explainer - Strategic oil reserves a crisis cushion
Many countries, especially members of the International Energy Agency (IEA), maintain strategic oil reserves to cushion the fallout from economic shocks and could draw on them if the war in the Middle East endures. [Continue Reading]
US Considers Lifting Sanctions on Russian Oil Amid Rising Energy Prices Due to Middle East Conflicts
The United States is reportedly contemplating the lifting of additional sanctions on Russian oil. This consideration comes against the backdrop of escalating energy prices spurred by ongoing conflicts in the Middle East, particularly the recent conflict between the US-Israel coalition and Iran. US Treasury Secretary Scott Bessent indicated on Friday that the new measures would not ease restrictions on Russia but would instead apply to supplies already in transit. This potential policy shift reflects the increasing urgency for the US to address soaring global oil prices, which have significantly impacted markets in recent days. On Friday, crude oil prices surged... [Continue Reading]
