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Oil prices surge while Asian share prices rise moderately

Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (Photo: AP)/Oil prices

Oil prices continued to surge on worries of a prolonged Iran war but the Asian markets that were open Friday rose moderately in cautious trading, while others were closed for the Good Friday holidays. Benchmark U.S. crude rose 11.4% to $111.54 a barrel. The price of Brent crude, the international standard, jumped 7.8% to $109.03 per barrel. “A more extended conflict raises the threat to physical infrastructure, extends disruptions through the Strait of Hormuz, and will entail a longer post-war recovery period, with price impacts spilling over later into the year,” according to a report from BMI, a unit of

Iran fires on targets across Mideast while Israel and US hit Tehran as war shows no signs of slowing

iran-israel-war-strait-of-hormuz-shipping-security

Dubai, United Arab Emirates (AP): Iran fired on targets across the Middle East, sparking multiple blazes at a Kuwaiti oil refinery, while American and Israeli airstrikes hit the Islamic Republic early Friday as the war neared the end of its fifth week unabated and the U.N. Security Council prepared to meet over Tehran’s stranglehold on the Strait of Hormuz. Despite claims from the U.S. and Israel that Iran’s military capabilities have been all but destroyed, Tehran has continued to keep the pressure on Israel and its Gulf Arab neighbors, hitting Kuwait’s Mina al-Ahmadi oil refinery early Friday in a drone

Trump threatens to strike Iran’s bridges and electric power plants

President Donald Trump speaks about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington.

U.S. President Donald Trump warned late on Thursday ‌about striking and destroying bridges and electric power plants in Iran in his latest threat to hit the country’s infrastructure. The U.S. military “hasn’t even started destroying what’s left in Iran. Bridges next, then ​Electric Power Plants,” Trump wrote on social media. His post said that Iran’s leadership “knows ​what has to be done, and has to be done, FAST!” Trump, who ⁠has previously offered shifting timelines and objectives for the war, said in a televised ​speech on Wednesday that the war could escalate if Iran did not give in to ​Washington’s terms, with strikes on

Trump fires Pam Bondi as US attorney general

Pam Bondi

Washington, April 2 (Reuters): U.S. President Donald Trump ousted Attorney General Pam Bondi on Thursday after mounting frustration with her performance, especially over the release of files ​on late sex offender Jeffrey Epstein. Trump also felt Bondi was not moving quickly enough to prosecute critics and adversaries whom he wanted to face criminal charges, according to sources. Deputy Attorney General Todd ‌Blanche, a former personal lawyer to Trump, will lead the Justice Department temporarily, Trump said in a social media post. In the post, Trump praised Bondi as a “Great American Patriot and a loyal friend” who had overseen a

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