Oil and stocks swing on renewed Iran war fears and Middle East supply concerns
Oil prices moved sharply on Wednesday as traders reacted to renewed fears of disruption to Middle East supply routes. Prices rose after reports that Iran appeared to be stepping up attacks on tankers in the Strait of Hormuz, then fell later in the session after officials signalled that more reserves could be released if needed. The swings also fed through to US financial markets, where stocks weakened and government bond yields climbed to their highest levels in more than two decades.The immediate trigger was a warning cited in the supplied material that tanker attacks in the Strait of Hormuz may... [Continue Reading]
360LiveNews | 08 Oct 2026 02:30 LONDON
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Three Iranian men go on trial in London over alleged spying on journalists and attack plot
Three Iranian men have gone on trial in London accused of spying for Iran on UK-based journalists and preparing an attack on dissident media figures. The case is being heard at Woolwich Crown Court and centres on alleged surveillance of staff linked to Iran International, a London-based Persian-language channel critical of the government in Tehran. Prosecutors say the men's actions were part of conduct likely to assist Iran's foreign intelligence service.The defendants are Mostafa Sepahvand, 41, Farhad Javadi Manesh, 46, and Shapoor Qalehali Khani Noori, 57. They are charged under Britain's National Security Act with offences said to have taken... [Continue Reading]
360LiveNews | 06 Oct 2026 20:29 LONDON
