Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s, Reuters reported.
The war unleashed with joint U.S. and Israeli airstrikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into Lebanon and thrown global energy ‌markets and transport into chaos.
Despite what the Pentagon has described as the most intense airstrikes since the start of the war, Iran also fired at Israel and targets across the Middle East on Wednesday, demonstrating it can still fight back, according to Reuters.
Three brothers arrested after explosion at US embassy in Oslo
Three brothers have been arrested in Norway linked to an explosion outside the US embassy in the capital, Oslo, on Sunday, BBC reported.
The authorities believe the blast was caused by an improvised device that was placed at the building's entrance. It caused minor damage and no injuries were reported.
The brothers, all in their 20s, are Norwegian citizens with links to Iraq, Norway's police attorney Christian Hatlo told a press conference on Wednesday, according to BBC.
US launches probe into major trading partners after tariffs struck down
The US has launched a new investigation into some of its biggest trading partners after the Supreme Court struck down a key part of President Donald Trump's tariffs policies last month, BBC reported.
On Wednesday, US Trade Representative Jamieson Greer said the Section 301 unfair trade practices probe could lead to new tariffs against countries including China, the European Union, India, Japan, South Korea and Mexico by this summer.
The probe could allow the US to impose tariffs on goods from any of the countries found to have engaged in unfair trade practices, according to BBC.
Two drones fall in vicinity of Dubai airport as Iran crisis shows no sign of easing
Two drones came down in the vicinity of Dubai International Airport (DXB) on March 11, injuring four people, Dubai’s media office said, as attacks on infrastructure across the Gulf continued on the 12th day of the Iran crisis, which has caused widespread disruption to global air traffic, Reuters reported.
“(The) authorities confirm that two drones fell in the vicinity of Dubai International Airport a short while ago,” the media office posted on social media platform X, adding that air traffic is operating as normal.
The attack resulted in minor injuries to two Ghanaian nationals and one Bangladeshi national, as well as moderate injuries to one Indian national, it added, according to Reuters.
