War in Middle East live: Oil prices surge to highest level in nearly two years as conflict escalates
France 24 • • business
Key Points:
- Iran will not participate in the Milano-Cortina 2026 Winter Paralympic Games due to unsafe passage to the event, according to the International Paralympic Committee.
- The US plans to escort ships through the Strait of Hormuz "as soon as reasonable," aiming to ensure energy flow amid disruptions caused by the US-Israel conflict with Iran, with about 20% of global oil exports passing through this route.
- Bangladesh has imposed daily fuel rationing to curb panic buying and stabilize supplies after Middle East tensions disrupted oil shipments via the Strait of Hormuz, a critical energy corridor.
- Hezbollah has warned Israeli residents within five kilometers of the Lebanon border to evacuate, amid escalating military deployments and tensions in the region.
- Multiple drone
