Dubai, United Arab Emirates, Kuwait News LIVE: Global oil prices climbed to their highest level since 2022 in early trading on Monday as the US-Israeli military campaign against Iran entered a new and more volatile phase, with no diplomatic relief in sight and energy markets pricing in prolonged disruptions to Persian Gulf supply chains.
Oil prices rise to highest since 2022 as war shows no signs of ending
Global oil prices climbed to their highest level since 2022 in early trading on Monday as the US-Israeli campaign against Iran entered a more volatile phase with no diplomatic intervention in sight. Trump called the price hike a “short-term” issue and a “small price to pay” in exchange for destroying Iran’s “nuclear threat.”
UAE air defense intercepts 15 ballistic missiles, 113 drones in a single day
The UAE Ministry of Defense confirmed that the explosions heard across the country were caused by the interception of Iranian ballistic missiles and drones. Since the start of the conflict, 238 ballistic missiles and 1,422 UAVs have been detected, with the ministry saying: “221 were destroyed, 15 fell into the sea and 2 landed on the ground.”
A fire broke out at the Fujairah oil facility after the Iranian attack
Following the Iranian attack, a fire broke out at an oil facility in Fujairah – a critical global maritime fuel hub. The authorities confirmed the fire without specifying the extent of the damage to the strategically important refueling terminal.
Four killed in drone attacks in UAE; Victims from Pakistan, Nepal and Bangladesh
Four people have been killed in drone attacks in the UAE, all of them South Asian migrants. Victims highlight how the conflict’s human toll falls disproportionately on migrant workers, who have little means of seeking safety.
Iran Names Mojtaba Khamenei as New Supreme Leader; Military Pledges of Allegiance
Iran’s military and political leadership have pledged allegiance to Mojtab Khamenei, who has been formally appointed to succeed his father as supreme leader. A hardline cleric’s rapid consolidation of power signals that the establishment has little appetite for negotiation or an early exit from the conflict.
The US and Israel continued their attacks on Monday, with explosions reported in Tehran and Qom – one of Shiite Islam’s holiest cities. Earlier, Israeli strikes on oil facilities caused toxic smoke to billow over the Iranian capital.
An eighth US soldier has been confirmed killed in the conflict
The eighth US soldier was confirmed a day after Trump honored fallen soldiers at a ceremony. The administration has yet to offer a comprehensive accounting of American casualties since the start of the campaign.
Saudi Arabia intervened; Lebanon sees half a million displaced people
Two people were killed in Saudi Arabia’s Al Kharj governorate during Iranian counterstrikes on a strategically important air base. More than half a million people have been forcibly displaced in Lebanon as Israeli forces and Hezbollah continue to fire along the southern border.
