Oil prices rise after Trump says Iranian ship seized

Global oil prices rose on Monday morning in Asian trading after President Donald Trump said the US had detained and seized an Iranian-flagged cargo ship.

This came after Iran said on Saturday that it was closing the Strait of Hormuz to commercial shipping again and that any ship approaching it would be targeted.

Brent crude futures rose 4.74% to $94.66 (£70.11) a barrel, while West Texas Intermediate crude was 5.6% higher at $88.55.

Energy markets have seen huge swings since the US and Israel attacked Iran on February 28 and Tehran responded with threats to target ships in the strait, through which about 20% of the world's oil and liquefied natural gas (LNG) passes./ CNA, translated by BBC

07:21 World

US-Iran talks in Pakistan/ JD Vance leads US delegation

US President Donald Trump has said a delegation will trave...

07:08 World

Parliamentary elections in Bulgaria/ Former president on the verge of victory

Rumen Radev's Bulgarian Progressive Party looks set to win...

22:36 World

Thousands evacuated in Paris as World War II underground bomb defused

A large World War II bomb was destroyed near Paris today i...

22:12 World

Trump: US seizes ship that tried to break blockade in Gulf of Oman

US President Donald Trump announced this Sunday that the U...

20:35 World

Papa Leo XIV bën thirrje: T’u jepet fund luftimeve në botë, armët të heshtin dhe të ndiqet dialogu

Papa Leo u bëri thirrje këtë të diel për unitet, shpresë d...

20:00 World

Elections in Bulgaria/ Polls: Former President Radev's party poised for victory

The party of former Bulgarian President Rumen Radev is on ...

19:21 World

Mass shooting in the US / At least 8 children among the victims

At least eight children were killed in several mass shooti...

18:01 World

Panic in Austria: Rat poison found in baby food jars

Rat poison has been found in a jar of HiPP baby food. Aust...

15:54 World

Iranian media: Tehran prevented two tankers from passing through the Strait of Hormuz

Iranian armed forces turned back two tankers that attempte...

13:52 World

Synagogue attacked in London/ Chief Rabbi raises alarm: Jewish community under attack

An attempted arson attack on a synagogue in London has rai...

12:30 World

North Korea continues "show of force"/ Launches missiles into the sea

North Korea has been urged to "stop provocative acts" afte...

12:21 World

Should social media be banned for children?

Currently, many countries are trying to restrict minors' a...

11:14 World

1.6 tons of cocaine seized in Dominican Republic/ Exchange of fire between authorities and traffickers

Agents of the National Drug Control Directorate in the Dom...

09:07 World

Political deadlock in the country / Bulgarian citizens head to the ballot boxes today

Bulgarian citizens will head to the ballot boxes today in ...

08:54 World

Spain, Brazil and Mexico pledge to increase aid to Cuba

Spain, Brazil and Mexico have pledged to step up aid effor...

08:33 World

Middle East Conflict/ Strait of Hormuz Closed Again

The Strait of Hormuz has been closed again by Iran. Accord...

22:37 World

Meetings with progressive leaders in Barcelona / Kurti shares the views: More united than ever

Kosovo Prime Minister Albin Kurti has shared footage from ...

22:12 World

"A woman should be at the helm"/ Pedro Sanchez calls for UN reform

The "In Defense of Democracy" summit was held in Barcelona...

21:21 World

Iran: Strait of Hormuz will remain closed until US blockade is lifted

Iran's Revolutionary Guards have announced in a statement ...

20:50 World

"It is not in my interest to debate with Trump"/ Pope Leo XIV: I will continue to preach peace

Pope Leo XIV spoke today about his "replies" with US Presi...