Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signaling that hardliners remain firmly in charge in Tehran a week into its conflict with the US and Israel, reported Reuters. Meanwhile, the US military confirmed a seventh soldier has died from wounds sustained during Iran's initial counter-attack a week ago,
Israeli forces expanded their bombardment of Iran overnight, striking fuel depots near Tehran as fighting escalated on day nine of the Middle East conflict, while Iranian officials moved closer to naming a new supreme leader despite Israeli threat to kill any replacement for Ayatollah Ali Khamenei, said a report.
Saudi Arabia’s air defences today (March 7) stopped a new wave of airstrikes, this time targeting Aramco’s Shaybah field, one of the kingdom's most vital 'super-giant' fields, said a report, citing the kingdom's ministry of defence.
The US will provide reinsurance covering up to $20 billion in potential losses in the Gulf region to bolster confidence among oil and gas shippers during the conflict with Iran, reported Reuters citing the US International Development Finance Corporation.
A hotel and two residential buildings in Bahrain's capital Manama sustained material damage following an Iranian attack late last night, according to the Ministry of Interior.
The foreign ministers of the Gulf countries and the European Union (EU) strongly condemned the unjustified Iranian attacks targeting GCC states, considering them a direct threat to regional and global security. In a joint statement issued after an extraordinary meeting, the ministers called on Iran to immediately halt its attacks.
An emergency GCC-EU Ministerial Meeting will be held tomorrow (March 5), reported SPA citing Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. The meeting will bring together, the foreign ministers of the GCC states and the European Union (EU) member states.
Explosions in Bahrain, Abu Dhabi, Kuwait and Qatar have been reported following the United States’ strikes on Iran. The nature and source of the explosions were not immediately clear.
Israel and the United States have launched strikes on Iran on Saturday morning with explosions being reported in multiple Iranian cities including capital Tehran.
Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the US and Iran that could disrupt supply continued to worry investors as talks between the parties are set for Thursday. Brent prices soared to $71.10 per barrel, their highest since July 31, 2025.
