The benchmark oil price has passed $100 a barrel for the first time since 2022 – G7 finance ministers are holding an emergency meeting now.
UK PM Keir Starmer says the longer the war goes on, “the more likely the potential for an impact on our economy”.
In the US, President Donald Trump says the “short term” price increase is “a very small price to pay” for world peace.
Meanwhile, Turkey and the UAE say they have intercepted Iranian missiles, while Qatar also reports an interception.
Israel says it’s carrying out attacks on three parts of Iran, while also hitting Lebanon.
On Sunday, Iran named Mojtaba Khamenei – the son of Ayatollah Ali Khamenei, who was killed nine days ago by US-Israeli strikes – as its new supreme leader.
“Even the thinnest of chances for a change are no more,” one person in Tehran tells us.
(BBC)
