Price

Warning comes as 400 million barrels of oil are being released from global reserves during waterway’s closure.

Iran’s Islamic Revolutionary Guard Corps (IRGC) says it will not allow “a litre of oil” through the Strait of Hormuz as the closure of the key Gulf waterway continues to roil global energy markets during the US-Israeli war on Iran.

A spokesperson for the IRGC’s Khatam al-Anbiya Headquarters said on Wednesday that any vessel linked to the United States and Israel or their allies “will be considered a legitimate target”.

“You will not be able to artificially lower the price of oil. Expect oil at $200 per barrel,” the spokesperson said in a statement. “The price of oil depends on regional security, and you are the main source of insecurity in the region.”

Global oil prices have fluctuated wildly this week during continued US-Israeli attacks against Iran, which has retaliated by firing missiles and drones at targets across the wider Middle East.

The closure of the Strait of Hormuz, through which about one-fifth of the world’s oil supplies transit, and production slowdowns in some Gulf countries have raised concerns of further disruptions.

Concerns around the duration of the war, which began on February 28 and has shown no sign of abating, are also adding to uncertainty, sending oil prices soaring.

On Wednesday, three ships were hit by projectiles in the Strait of Hormuz, maritime security and risk firms said, including a Thai-flagged cargo vessel that came under attack about 11 nautical miles (18km) north of Oman.

Release of oil reserves

World leaders, including members of the Group of Seven (G7) and the European Union, have been mulling what action to take in response to the war’s impact on global economies.

Christian Bueger, a professor of international relations at the University of Copenhagen and an expert in maritime security, said Europe will be facing “a major energy supply crisis” if the Strait of Hormuz is not reopened.

“For the shipping industry right now, it’s impossible to go through the Strait of Hormuz,” Bueger told Al Jazeera. “And if there are not stronger signals in the near future that they can at least try to go through the strait, then we are looking at a major shipping crisis, which can last weeks if not months.”

On Wednesday, the International Energy Agency (IEA) announced that its 32 member countries had unanimously agreed to release 400 million barrels of oil from their emergency reserves to try to lower prices.

“This is a major action aiming to alleviate the immediate impacts of the disruption in markets,” IEA Executive Director Fatih Birol said during an address from the agency’s headquarters in Paris.

“But to be clear, the most important thing for a return to stable flows of oil and gas is the resumption of transit through the Strait of Hormuz,” he added.

The reserve supplies will be made available “over a timeframe that is appropriate” for each member state, the IEA said in a statement without providing details.

German Economy and Energy Minister Katherina Reiche said earlier in the day that the country would comply with the release while Austria also said it would make part of its emergency oil reserve available and extend its national strategic gas reserve.

Meanwhile, Japan’s Ministry of Economy, Trade and Industry said it would release about 80 million barrels from its private and national oil reserves.

Japanese Prime Minister Sanae Takaichi said the country, which gets about 70 percent of its oil imports through the Strait of Hormuz, would begin releasing the reserves on Monday.

Coronation Street’s Megan Walsh will finally be exposed in upcoming scenes on the ITV soap, leaving Eva Price and her entire family shaken when they discover what she has been doing

Coronation Street‘s Megan Walsh will finally be exposed in upcoming scenes on the ITV soap. The teacher, played by Beth Nixon, has been carrying out an illicit affair with her student Will Driscoll as part of a controversial storyline on the ITV soap.

Will arrived with his family last October to move into the Rovers Return, and it was quickly established that Megan was his athletics coach but there was a lot more to it than just that. Megan eventually moved to Weatherfield, got a job at the local secondary school and has even started up a relationship with Daniel Osbourne (Rob Mallard) as a cover-up.

But spoilers have now revealed that Megan’s “past will come back to haunt her,” leaving Will’s stepmum Eva Price (Cathertine Tyldesley) to discover the truth about what she has been doing.

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Megan’s flatmate Leanne also looks set to weigh in on the harrowing situation, as her own stespon Sam Blakeman (Jude Riordan) has worked out what his going on between Will and Megan, and has received multiple threats from the villainous teacher. After the bombshell scenes, this will also leave Daniel wondering where he stands as he potentially comes to realise that his entire relationship was a lie.

Just weeks ago, Corrie aired a flashforward episode that revealed that Megan is one of five potential murder victims, along with fellow villains Jodie Ramsey, Carl Webster, Maggie Driscoll, and Theo Silverton. So will this all lead to the ultimate downfall for Megan or will the teacher actually face prison time for her crimes?

Coronation Street boss Kate Brookes recently explained that she the story was a “very important” one to tell. She said: “It’s a very important story to tell and we want to be as truthful as possible. As part of that story Sam will end up getting embroiled in it all.

“Sam is semi-related to the pub family and he potentially gets wind that something’s amiss. We will see the lengths that Megan will go to manipulate Sam into keeping quiet. It’ll be massively detrimental to Sam’s wellbeing.”

Meanwhile, for actress Beth Nixon, Coronation Street marks her television debut but she had actually auditioned for other parts on the soap before landing the role of Megan. Speaking to York College, Beth shared that the casting team had seen Beth in several shows at her drama school: the Arden School of Theatre in Manchester, so she was “kind of on their radar.”

Revealing her past audition history, Beth explained: “But I’d auditioned for Corrie twice before – as a baddie both times of course – including for the role of Lauren.” Actress Cait Fitton ended up being cast as Lauren, making her debut in 2022, and has remained on the show since.

Beth added: “Then, earlier this year, my agent sent me a casting brief and explained it was for a paedophile, which is a bit crazy to play because they’re obviously not a redeemable character, so they can push it pretty far.” After sending a self-tape Beth attended a chemistry test with other actors who were being considered to play Will. She then performed a scene on the set at The Bistro – and it turned out the bosses were rather impressed with her.

Beth – who was working as a skin clinic manager before joining Corrie – said: “I was at work when my agent called me. I was upstairs as my colleague watched the desk and, when he told me I’d got it, everybody in the clinic could hear me screaming my head off and then I cried, because it’s been four years since I graduated and this is my first TV role.

“It’s been a hard time and I was really close to quitting, having a normal job and pursuing a different career, so this just came at exactly the right time and when I needed it.”

Coronation Street airs weeknights at 8:30pm on ITV1 and ITV X. * Follow Mirror Celebs and TV on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads .