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Crude oil prices spike above $115 a barrel as the Iran war impedes production and shipping
CHICAGO (AP) — Oil prices spiked near $120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets.The price for a barrel of Brent crude, the international standard, surged to $119.50 per barrel early in the day but later was trading at $106.23 per barrel.
West Texas Intermediate, the light, sweet crude oil produced in the United States, spiked at $119.48 per barrel but fell back to $101.25.
The war’s toll on civilian targets grew as Bahrain accused Iran of... Read More
What to Stream: 'Zootopia 2,' Oscars, Kim Gordon, 'One Piece' and 'Scarpetta'
Taylor Sheridan’s neo-Western family drama series “The Madison” debuting on Paramount+ and the animated smash “Zootopia 2” landing on Disney+ are some of the new television, films, music and games headed to a device near you.Also among the streaming offerings worth your time this week, as selected by The Associated Press’ entertainment journalists: The Academy Awards streaming on Hulu, Nicole Kidman bringing crime writer Patricia Cornwell’s famed forensic pathologist character Kay Scarpetta to life in a new series and Kim Gordon's third solo album, “Play Me.”
Human Rights Watch accuses Israel of using white phosphorus in southern Lebanese town
BEIRUT (AP) — The human rights group Human Rights Watch said in a report Monday that the Israeli military “unlawfully” hit a village in southern Lebanon with shells containing white phosphorus, a controversial incendiary munition.Through geolocating and verifying seven images, Human Rights Watch said Israel fired white phosphorus using artillery at residential areas in the southern Lebanese village of Yohmor. It happened hours after the Israeli military warned the residents of the village and dozens of others in southern Lebanon to evacuate.
Human Rights Watch... Read More
The Latest: Oil prices soar after Iran names new supreme leader and launches more attacks
Iran launched more attacks on Israel and Gulf countries Monday, hours after Iranian state TV said Mojtaba Khamenei, son of the country’s late supreme leader and long considered a contender, had been named his successor.Iran’s powerful paramilitary Revolutionary Guard answers to the supreme leader and the younger Khamenei will have a central say in the war strategy.
Oil prices skyrocketed Monday, leading to more worries that higher energy costs will fuel inflation and lead to less spending by U.S. consumers, the main engine of the economy. Tokyo’s benchmark Nikkei... Read More
World shares tumble as Iran war pushes crude prices over $110 a barrel
BANGKOK (AP) — Japan’s benchmark Nikkei 225 index plunged more than 5% and other Asian markets also tumbled Monday after oil prices soared to nearly $120 a barrel, casting a shadow over economies heavily dependent on imported crude and gas from the region.The futures for the S&P 500, Nasdaq composite index and the Dow Jones Industrial Average were trading more than 1% lower after dropping more than 2% late Sunday.
A Chinese special envoy to the Middle East, Zhai Jun, called for an end to the attacks and said strikes on non-military targets and civilians should be... Read More
Top Stories
- Crude oil prices spike near $120 a barrel as the Iran war impedes production and shipping
- Human Rights Watch accuses Israel of using white phosphorus in southern Lebanese town
- World shares tumble as Iran war pushes crude prices over $110 a barrel
- Iran names former supreme leader's son to succeed him as war sends oil prices soaring
- US military kills 6 in strike on alleged drug boat in the Eastern Pacific
- Europe rallies around Cyprus during Iran war as Macron visits to show support for island
- Japan rallies late to beat Australia 4-3, clinches first place in group at World Baseball Classic
- Jury selection to begin in South Florida for 5 charged in 2021 assassination of Haitian president
- Iran names Mojtaba Khamenei to succeed his father as supreme leader and Saudi sharpens warning
- Counterprotester threw improvised explosive at anti-Islam event in NYC, police say
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Entertainment
- What to Stream: 'Zootopia 2,' Oscars, Kim Gordon, 'One Piece' and 'Scarpetta'
- Urban salsa music pioneer Willie Colón to be remembered at New York funeral
- Fox News apologizes for showing old video of a hatless Donald Trump at a dignified transfer ceremony
- 'Country' Joe McDonald, '60s rock star, proud protest counterculture icon, dies at 84
Sports
- Japan rallies late to beat Australia 4-3, clinches first place in group at World Baseball Classic
- Raiders acquiring cornerback Taron Johnson in trade with Bills, AP source says
- Rams, Trent McDuffie finishing up extension to make him the highest-paid CB in NFL, AP source says
- Blaney ends Reddick's streak to give Team Penske a Phoenix weekend sweep