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Oil prices to spike up again, EU and UK urge Israel to curb surge of violence against palestinians

Oil prices to spike up again, EU and UK urge Israel to curb surge of violence against palestinians

Episode Info

Show: World News on Radio ARA
Broadcasted: 07:00
  on 12th March 2026

 

About this Episode


Iran has warned the global community to prepare for oil prices to potentially reach $200 a barrel following recent military actions, including attacks on merchant ships in the Gulf. This escalation comes amidst a considerable buildup of U.S. military forces in the region and intensified U.S.-Israeli airstrikes on Iran, which have reportedly increased tensions significantly. Iranian officials claim responsibility for multiple attacks on vessels that disobeyed orders, resulting in casualties and damage to various ships. As the conflict continues, both U.S. and Iranian leadership have signaled no immediate end to hostilities, raising concerns about long-term economic impacts and regional stability.

The European Union and the UK have urged Israel to curb a recent surge in violence by Jewish settlers against Palestinians in the West Bank, following reports of six Palestinian deaths in the past 11 days. The UK expressed outrage over the killings, while the EU called the violence unacceptable and demanded accountability from Israeli authorities. The uptick in violence coincides with escalating tensions due to the ongoing conflict with Iran, prompting concerns about escalating hostilities. Israeli officials stated they are investigating the incidents, with promises of zero tolerance for unlawful actions by civilians. Human rights groups have indicated that such attacks are enabling a continued push for the displacement of Palestinians.

Heavy rainfall in the Gamo Zone of southern Ethiopia has resulted in floods and landslides that have killed at least 30 people. Most fatalities occurred in highland areas where saturated soil led to slope collapses. Officials have urged residents in vulnerable locations to take precautions as further flooding and landslides are anticipated. The intense storms have also affected neighboring Kenya, leading to additional casualties. The regional governor expressed condolences to the victims’ families, emphasizing the tragic impact of the continuous downpours. Emergency teams are actively monitoring the situation, as climate change is believed to be contributing to the increasing severity and frequency of such natural disasters in East Africa.

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