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Iran war: Oil prices surge above $100 and shares slide over Iran war
#1 out of 2
world10h ago

Iran war: Oil prices surge above $100 and shares slide over Iran war

  • Oil prices jumped above $100 a barrel as tensions in the Gulf heightened
  • Iran appointed Mojtaba Khamenei as successor, signaling hardliners remain in charge
  • Airstrikes targeted oil depots as part of weekend actions across Iran
  • Markets in Asia-Pacific fell sharply on Monday amid the upheaval
  • The Kospi stock index slid after hitting circuit breakers
  • Analysts warned that an extended halt in Hormuz could push prices higher
  • Oil futures rallied as concerns about Gulf energy supplies grew
  • US President Trump framed price hikes as a small price to pay for security
  • Energy secretary cited Israel as targeting Iran's energy infrastructure
  • Analysts expect ongoing disruption to shipments through the Strait of Hormuz
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#2
The war on Iran is already upending the Middle East. Look to the Gulf states to see how | Nesrine Malik
#2 out of 2
world8h ago

The war on Iran is already upending the Middle East. Look to the Gulf states to see how | Nesrine Malik

  • The latest U.S.-Israel strikes on Iran are reshaping Middle East power dynamics, pressuring Gulf monarchies to reassess their security and alliances.
  • Saudi Arabia, Qatar, and the UAE are navigating internal reforms and external diplomacy to sustain their influence amid regional volatility.
  • Iranian strikes have tested Gulf security and raised questions about sovereignty as airspaces and energy operations face potential disruption.
  • The UAE’s model of growth is tested as its proxy engagements and economic leverage collide with Saudi aims and regional blocs.
  • Qatar faces a delicate balance between supporting Palestinians and hosting the region’s largest US military base.
  • The evolving Gulf security landscape risks long-term sovereignty challenges as economic and political pressures converge.
  • Analyst Nesrine Malik warns of a redrawn regional map with lasting resentments and security ramifications.
  • The article emphasizes Gulf states' dependence on energy as both a strength and a point of vulnerability amid conflict.
  • Public sentiment and humanitarian concerns accompany strategic shifts as Gulf populations face heightened insecurity.
  • The piece situates the current crisis as part of a broader rearrangement of Middle East politics and energy influence.
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