The price of oil surged as Iran limited traffic through the Strait of Hormuz, a key waterway for the global energy supply.
The price of oil surged as Iran limited traffic through the Strait of Hormuz, a key waterway for the global energy supply. CNN’s David Goldman breaks down how this could affect the average person's wallet and how long prices could stay elevated.
CNN's analysis of satellite imagery and air quality data shows Israeli strikes ignited fires and caused oil spills at multiple fuel depots across the Iranian capital, calling into question the proportionality of the actions under international law amid a growing chorus of criticism from environmental experts and health officials. CNN’s Katie Polglase reports.Video circulated on social media and on Iranian state media shows a strike hitting Tehran close to an Al Quds Day rally that thousands were attending. Al Quds Day happens on the last Friday of the holy month of Ramadan and is an annual international rally in support of Palestinians. CNN's Nada Bashir reports.Video shows a tall pipe suddenly bursting out of the ground at a construction site in Osaka, Japan, in a moment somewhat reminiscent of “Super Mario.” CNN’s Hanako Montgomery reports.Oil price spikes triggered by the war with Iran could have a catastrophic impact on African nations. These countries should start preparing now, one economist from the Institute of Economic Affairs in Kenya told CNN’s Larry Madowo. Even Africa's most advanced economy, South Africa, is exposed to the oil price shocks, which could cause higher fuel costs, rising inflation and renewed pressure on currencies.Japan’s Prime Minister Sanae Takaichi appeared unwell at a budget committee session on Thursday, which sparked concerns over her health. This comes less than a week before her meeting with President Trump in Washington. On Friday, Japan’s government said she has recovered and returned to official duties. CNN’s Hanako Montgomery reports.CNN's Isobel Yeung reports from Lebanon’s Beqaa Valley as Israel engages in large-scale strikes across the country in response to rocket attacks by the Iranian-backed militant group Hezbollah.Demand for private charter flights out of the Middle East has surged since the beginning of the US-Israeli conflict with Iran, with those who can afford it paying astronomical prices to leave the region.
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