US war and live updates on oil prices | G7 finance ministers will meet today to consider a joint release of oil from emergency reserves

The conflict has roiled markets and prompted regional military moves.

“War in the Middle East: Iran chooses Jamenei’s son as supreme leader, a direct challenge to Trump "Decapitate and delegate": the Trump Doctrine that is inflaming the global board Hours after Iran announced that Mojtaba Jamenei, son of Ayatollah Ali Jamenei, had been chosen as the new supreme leader following his father’s death, the Israeli military announced it had launched a new wave of strikes in the central region of the Persian country and against infrastructure controlled by the Shiite group Hizbulá in Beirut”

El Mundo

Brent crude surged more than 17% to as high as $119.50 a barrel, and the Financial Times reported G7 finance ministers will meet to consider a joint release of oil from emergency reserves.

El Mundo

Bahrain’s BAPCO Energies declared "force majeure" after Iranian missile and drone attacks damaged a refinery unit.

Asian markets plunged: Tokyo’s Nikkei 225 fell as much as 7.6% while Seoul’s Kospi plunged more than 8%, triggering trading halts; Samsung Electronics and SK Hynix fell more than 10%, and Japanese tech stocks such as SoftBank, Advantest and Lasertec dropped between 9% and 11%.

Separately, Turkey deployed six F-16 fighters and air defenses to the Turkish Republic of Northern Cyprus, Ukraine sent interceptor drones and a team of experts to Jordan to help shoot down Iranian drones, and several Gulf states reported interceptions or damage from Iranian attacks.