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Who wins and loses in the global energy crisis? | Business and Economy

As oil prices surge, some economies benefit while others face rising costs.

The war in the Middle East is exposing how dependent the world is on a handful of strategic chokepoints.

The Strait of Hormuz – a narrow waterway in the Gulf – is closed.

The longer this goes on, the faster the global energy map could be reshaped.

From Europe to Asia, countries are facing mounting supply risks and the threat of an inflation shock.

If the conflict between the US, Israel and Iran drags on, alternatives will be hard to find.

But, Russia is shaping up to be a major beneficiary, with soaring prices filling Moscow’s coffers despite Western sanctions.

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UN Security Council adopts Gulf countries’ draft resolution | GCC

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The UN Security Council has passed a resolution put forward by Gulf Cooperation Council members calling on Iran to halt its attacks on Gulf countries. The measure was adopted with 13 votes in favour and two abstentions, while no member states voted against it.

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An intercepted drone burns and falls over Erbil in Iraq | US-Israel war on Iran

Footage from the ground in Erbil, Iraq shows several drones over the city’s airspace and the wrecking of a drone falling through the sky onto the city.

Footage from the ground in Erbil, Iraq shows several drones over the city’s airspace and the wrecking of a drone falling through the sky onto the city.

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Lebanese priest killed by Israeli tank fire | Conflict

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A Maronite Catholic priest has been killed by Israeli tank fire after it targeted a home in southern Lebanon. Father Pierre al-Rahi was reportedly killed when an Israeli tank fired on the home of a local couple a second time after several people had rushed there to try to help.

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Is control of Iran’s natural resources a factor in US strategy? | Energy News

Iran has vast oil as well as gas reserves and is a key supplier to China.

Iran has significant oil and gas reserves, and is a key supplier to China.

A member of US President Donald Trump’s inner circle has said control of those reserves is a key United States aim amid the country’s war against Iran.

So, how valuable are Iran’s natural resources? And could they be a factor in US thinking?

Presenter: Imran Khan

Guests:

Foad Izadi – Professor in the faculty of world studies at the University of Tehran

Mohammad Reza Farzanegan – Professor of Middle East economics at Marburg University

Paolo von Schirach – President of the Global Policy Institute, an independent think tank

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WHO warns of health risks from ‘black rain’ in Iran | Oil and Gas

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The World Health Organization has warned that “black rain” caused by Israeli strikes on Iran’s oil facilities could pose health risks, especially for children. Iranian authorities have advised residents stay indoors as fires and thick smoke worsen air quality.

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US defence chief ends Iran war briefing with prayer for troops | US-Israel war on Iran

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Secretary of War Pete Hegseth recited a prayer for US troops attacking Iran, asking for strength and protection, during a Pentagon briefing. American and Israeli officials have been criticised for pushing rhetoric suggesting that the campaign against Iran is a religious war.

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Protesters block Iran’s women’s football team bus en route to airport | Newsfeed

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Protesters blocked a bus carrying Iran’s women’s football team outside a hotel in Australia after five players slipped away to seek asylum duing the Women’s Asian Cup. They say the remaining players could face danger if forced to return to Iran after staying silent during the national anthem.

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Man removed from flight after call to prayer was mistaken for ‘bomb threat’ | Aviation

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A passenger onboard Southwest Airlines was removed from their flight after their call to prayer was mistaken for a ‘bomb threat’. Officials later called the incident a ‘misunderstanding’ after finding no credible threat, following the Florida-bound flight’s emergency landing in Georgia.

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Could the US-Israel war with Iran fuel global inflation? | Business and Economy

Oil prices are swinging as markets react to every twist in the conflict.

The United States and Israel’s war on Iran has caused the largest energy supply shock in decades.

The Strait of Hormuz is in effect closed, and attacks are being carried out on energy facilities in the Middle East, rattling oil markets.

From Americans filling their tanks at the pump to European factories and Asian economies, the impact is already being felt.

US President Donald Trump says the rise in oil prices is a “very small price to pay” for “safety and peace”. But investors warn that if the conflict drags on, there’s danger of stagflation.

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Who is Iran’s new supreme leader, Mojtaba Khamenei? | US-Israel war on Iran News

Mojtaba Khamenei replaces his assassinated father Ayatollah Ali Khamenei.

A new supreme leader in Iran – Mojtaba Khamenei – has replaced his assassinated father.

His selection sends a defiant message to the United States and Israel as they attack the country.

So, who is Iran’s new leader – and what does his appointment mean?

Presenter: Tom McRae

Guests:

Hassan Ahmadian – Associate professor at the University of Tehran

Mehran Kamrava – Professor at Georgetown University in Qatar and director of the Iranian Studies Unit at the Arab Center for Research and Policy Studies

Alex Vatanka – Senior fellow at the Middle East Institute in Washington, DC

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Iran’s IRGC backs Mojtaba Khamenei as new supreme leader | Islamic Revolutionary Guard Corps

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Iran’s Islamic Revolutionary Guard Corps has pledged allegiance to Mojtaba Khamenei, the country’s newly-elected supreme leader. While some Iranians have celebrated, many are dismayed the 56-year-old cleric, accused of human rights abuses, has ascended to the country’s highest office.

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