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Stocks drop, as oil rises as Mideast war persists

Stocks fell while oil prices pushed higher Friday at the end of a turbulent week in which attacks on Gulf energy infrastructure rattled global markets and sparked fears of an energy shock.

Supreme leader says Iran dealt enemies 'dizzying blow'

Iran's Supreme leader Mojtaba Khamenei said Friday the country had dealt its enemies a "dizzying blow" in the war with the United States and Israel, as fresh blasts hit Tehran on the first day of the Persian New Year festival.

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Lebanon says 7 killed in Israeli strike on central Beirut

Lebanon said an Israeli strike on central Beirut's seafront killed at least seven people early on Thursday, another attack in the heart of the capital as Iran-backed Hezbollah launched more missiles at Israel.

Three crew 'believed trapped' aboard Thai ship attacked in Gulf: firm

Three crew members were "believed to be trapped" aboard a Thai bulk carrier that was hit by two projectiles on Wednesday while travelling through the crucial Strait of Hormuz, the vessel's owner said.

Oil tops $100 as Iran attacks offset IEA stockpile release

Oil prices soared back above $100 Thursday as Iran's fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude by the International Energy Agency.

War forces lengthy detours for Iranian truck drivers to Iraq

Rubbing his hands together to warm them, Iranian truck driver Reza curses the more than 300-kilometre detour he was forced to make to enter Iraq after the war closed most of the usually busy border crossings.

Oil prices surge as supply fears offset IEA's record stockpile release

Oil prices soared Thursday and stocks sank as Iran struck two tankers in Iraq and threatened to bring down the global economy, overshadowing a record release of strategic crude by the International Energy Agency.

Russia to sentence gunmen of 2024 Moscow concert hall attack

A Russian court will on Thursday sentence the gunmen of a Moscow concert hall attack that killed 150 people two years ago -- the country's deadliest in 20 years -- with 15 men facing possible life terms.

Fear, boredom for Philippine sailors stuck in Hormuz strait

Filipino sailor George Miranda was racing to help a stricken vessel aboard the tugboat Mussafah 2 when he last spoke to his wife and young daughter.

Scary times for Haitians in US living in shadows of ICE

Life has not always been easy for Maryse Balthazar since she relocated to the United States from Haiti, but she felt peace of mind before Donald Trump returned to office.

With Middle East in flames, Texan bunker maker sees business boom

Since the war in the Middle East began nearly two weeks ago, the phone at Ron Hubbard's bomb shelter company in Texas hasn't stopped ringing.

Iran threatens prolonged war as Trump says it is near defeat

Iran warned it could wage a prolonged war with the United States and Israel that would "destroy" the world economy, even as US President Donald Trump said late Wednesday the Islamic republic was facing imminent defeat.

North Korea unveils image of leader's daughter firing pistol

North Korea released an image on Thursday of leader Kim Jong Un's teenage daughter firing a pistol, weeks after photos showed her shooting a rifle — once again stoking speculation she is being groomed as heir.

Global Anti-Scam Alliance Launches Scam.org with OpenAI and Key Partners

AI technology meets on-the-ground expertise from leading organizations across five continents, accessible to billions of consumers in 50+ languages covering 97% of global internet users.

US takes first steps towards new global trade penalties

The United States announced new investigations Wednesday into what it considers unfair trade practices by dozens of countries, opening the door to penalties such as further tariffs as President Donald Trump seeks to replace duties struck down by the Supreme Court.

Iran says war could destroy global economy, Trump vows to 'finish' job

Iran warned it could wage a prolonged war with the United States and Israel that would "destroy" the world economy, even as US President Donald Trump vowed Thursday to "finish the job", saying there was little left for American forces to strike.

UN Security Council demands Iran halt attacks on Gulf states

The UN Security Council on Wednesday called for Iran to halt its attacks on Gulf states, in a resolution that did not mention US or Israeli strikes on Iran, prompting Tehran's ambassador to decry a "blatant misuse" of the international body.

Iranian sea mines: the West's waterborne nightmare

Tehran is seeking to choke the vital Strait of Hormuz to oil traffic following US and Israeli strikes against Iran, with fears it could be using sea mines to do so.

US, India still at odds with majority on WTO reform

The United States and India still have reservations about a plan to overhaul the World Trade Organization, even though "a large majority of members" support it, the talks facilitator said Wednesday.

Hard-right Chile leader sworn in on promise of change

Chile's most right-wing president in over three decades, Jose Antonio Kast, was sworn in Wednesday on a promise to tackle surging rates of violent crime and carry out mass migrant deportations.

Iran warns of long war that would 'destroy' world economy

Iran warned Wednesday 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.

Lebanon village wants army protection from Israel, Hezbollah

After narrowly escaping death in her border village, Myriam Nohra is among the people in south Lebanon imploring the army for protection from the war between Israel and Hezbollah.

Strategic oil reserves, a crisis cushion

The 32 member countries of the International Energy Agency (IEA) decided on Wednesday to unlock 400 million barrels of oil from their reserves to ease the impact of the Middle East war.

German central bank abandons controversial overhaul

Germany's central bank said Wednesday it was abandoning a project to renovate its historic Frankfurt headquarters after furious criticism over costs that could spiral into the billions, and would instead move permanently to a new site.

IEA to launch largest-ever release of oil reserves

The International Energy Agency said on Wednesday its member countries would unlock 400 million barrels of oil from their reserves to ease the impact of the Middle East war, the biggest such release ever.

Iran warns ready for long war that would 'destroy' world economy

Iran said Wednesday it was ready for a long war of attrition that would "destroy" the world economy, after firing on two commercial ships and threatening any vessels from the US or its allies.

UN urges 'exemptions' to get aid through Strait of Hormuz

The United Nations aid chief warned Wednesday that the Middle East war was impacting aid routes and called for "exemptions" so humanitarian supplies could get through.

Death toll from Ukrainian attack on Russia's Bryansk rises to 7: governor

The death toll from a Ukrainian missile strike on the western Russian city of Bryansk rose to seven people on Wednesday, the region's governor said.

Four killed in Ukraine as Moscow and Kyiv exchange drone strikes

Russian and Ukrainian drone strikes killed at least four people Wednesday, officials said, as the war between the neighbours dragged on for more than four years with no diplomatic breakthrough in sight.

Iran hits ships in Gulf chokepoint as G7 dips into oil reserves

Iran fired on two commercial ships in the Gulf on Wednesday, setting at least one vessel on fire, as it pressed its campaign against its energy-exporting neighbours and forced world governments to dip into their strategic oil reserves.

Oil jumps, stocks drop as Mideast war prolongs market volatility

Oil prices rallied and equities mostly dropped Wednesday as traders assessed the latest developments affecting global markets as a result of the Middle East war.

French aid worker killed in DR Congo air strike

A French aid worker for the UN children's agency has been killed in an air strike in the eastern Democratic Republic of Congo in a city controlled by the Rwanda-backed M23 militia.

Germany, Japan to unblock oil reserves as G7 stands 'ready' to act

Japan and Germany said 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.

Trade ships hit as Iran threatens Gulf oil chokepoint

New attacks hit three commercial ships in the Gulf on Wednesday, with one of the vessels in flames as Iran pressed its campaign against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis.

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The Japan Times - Politics (English)