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Oil prices jump on renewed US-Iran hostilities

BEIJING, May 8 (Reuters) – Oil prices were up more than 1% on Friday after renewed fighting broke out between the U.S. and Iran, threatening a shaky ​ceasefire and dashing hopes for progress on reopening the Strait of Hormuz, a ‌key oil and gas transit route. Brent crude futures were up $1.41, or 1.41%, at $101.47 a barrel as of 0123 GMT. West Texas Intermediate (WTI) U.S. crude futures rose by $1.12, or 1.18%, to $95.93 a barrel. At the market ​open prices had risen by more than 3%. That snapped three days of declines ​on reports earlier this week

US military says it intercepted Iranian attacks on 3 Navy ships in Strait of Hormuz

DUBAI, United Arab Emirates, May 8, 2026 (AP) — The U.S. military said it intercepted Iranian attacks Thursday on three Navy ships in the Strait of Hormuz and “targeted Iranian military facilities responsible for attacking U.S. forces,” highlighting the fragility of the month-old ceasefire between the two countries. U.S. Central Command said in a social media post that U.S. forces intercepted “unprovoked Iranian attacks” and responded with self-defense strikes. The U.S. military said no ships were hit. It said it doesn’t seek escalation but “remains positioned and ready to protect American forces.” President Donald Trump told reporters in Washington that

UAE reports drone and missile attack as Iran war ceasefire is challenged

DUBAI, United Arab Emirates, May 8, 2026 (AP) — The United Arab Emirates’ Ministry of Defense announced that the country’s air defenses are “actively engaging” with a missile and drone attack early Friday as the Iran war’s shaky ceasefire was again challenged. The ministry advised residents not to approach, photograph or touch “any debris or fragments that have fallen as a result of successful air interceptions.” Hours earlier, the U.S. military said it had intercepted Iranian attacks on three Navy ships in the Strait of Hormuz Thursday night and “targeted Iranian military facilities responsible for attacking U.S. forces.” U.S. Central

We received request; will decide soon whether to support TVK: VCK leader Thirumavalavan

Chennai, May 7 (PTI) VCK leader Thol Thirumavalavan on Thursday said that his party received a request from TVK for support and the high-level committee of his party will decide whether to support the Vijay-led party to form the government. The TVK won 108 seats in the 234-member Assembly and emerged as the single largest party. Vijay will have to resign from one of the two constituencies he has won. Though the Congress party, which has five MLAs, has extended support to TVK, the actor-politician-led party was still short of as many seats to touch the magic number of 118,

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