Oil price surges back to about $100 as explosions reported on two more foreign ships in Gulf

• Oil prices continue to rise despite major countries agreeing to release a record amount of oil from their emergency reserves in an effort to calm markets

• The International Energy Agency, which includes the UK and US, will release 400 million barrels – our reporter says that’s about four days’ worth

• Iran warns oil could reach $200 a barrel as its attacks on ships intensify in the Strait of Hormuz – explosions were reported on at least two more foreign tankers overnight

• The Israeli military launches a “wide-scale wave of strikes” against Hezbollah in Beirut, saying it has hit 10 structures. The military also says it intercepted missiles from Iran

• Meanwhile Saudi Arabia says it has intercepted 18 drones, while Dubai authorities say nobody was injured after a drone fell on an apartment building

• President Donald Trump says the US is “not finished yet” when asked about the Iran war

Source:Fiilafmonline/BBC