​ G7 nations to hold emergency meeting on oil as stock markets sink. Just now. Faisal Islam,Economics editor,. Peter Hoskinsand. Nick Edser,Business reporters. Anadolu via Getty Images. G7 nations will hold an emergency meeting on Monday to discuss surging oil prices as crudejumped above $100 a barrel and stock markets slumped over the escalating US-Israeli war with Iran.. Finance ministers from leading industrialised countries, including UK Chancellor Rachel Reeves, will gather to discuss the economic impact of the conflict.. Global oil prices reached nearly $120 on Monday over fears of a prolonged disruption to energy supplies through the key Strait of Hormuz shipping route and the UK’s FTSE 100 share index fell 1.3%.. The Financial Times reported the G7 meeting will discuss a joint release of petroleum from reserves, co-ordinated by the International Energy Agency (IEA).. If reserves are released by IEA members it would be the first time since 2022, when action was taken following Russia’s full-scale invasion of Ukraine.. Major disruption to energy supplies from the region threatens to push up prices for consumers and businesses around the world. Rising inflation could lead to fewer interest rate cuts by central banks.. About a fifth of the world’s oil supply is usually shipped through the Strait of Hormuz. But traffic through the narrow passage has all but halted since the war started more than a week ago.. On Sunday, Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that more than a week into the conflict hardliners remain in charge of the country.. The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots.. Meanwhile, Iran targeted energy infrastructure in neighbouring Gulf states. Overnight, Saudi Arabia said it had intercepted and destroyed two waves of drones heading towards a major oilfield.. Follow the latest developments on the war in the Middle East. Last week the markets had been relatively relaxed about the seemingly nightmare scenario of millions of barrels of crude and liquefied gas trapped in the Gulf, unable or unwilling to transit the Straits of Hormuz.. But the escalations over the weekend, alongside scenes of destruction of energy infrastructure both in Iran and across the Gulf, saw the markets take rapid fright.. On Monday morning in Asia, the price of Brent crude jumped by more than 25% to touch $119.50 a barrel at one point before falling back to around $107.. US West Texas Intermediate (WTI) crude saw similar movements and was trading at about $104 a barrel.. “The question everyone is asking themselves is, what is the duration of this conflict?” Paul Gooden, head of natural resources at NinetyOne Asset Management, told the BBC’s Today programme.. “The longer it goes on, the more nervous the oil markets are going to be.”. He added that the oil price could rise to a level where “you see so-called demand destructi  

​ Guinea opposition leader urges ‘direct resistance’ after 40 parties dissolved. 43 minutes ago. Jean Otalor. AFP via Getty Images. Guinea’s main opposition leader Cellou Dalein Diallo has said that “direct resistance” to the country’s coup leader–turned–president is now the only remaining path to change, after the authorities dissolved 40 political parties.. The authorities accused the parties of not complying with the law – a charge they have rejected.. The move comes two months after former junta head Mamady Doumbouya was sworn-in as president, following an election that saw some key challengers barred from running.. Doumbouya, who came to power in 2021 after overthrowing Condé, has been accused of cracking down on democratic freedoms.. Among the parties dissolved were the the Rally of the People of Guinea of former President Alpha Condé and Diallo’s Union of Democratic Forces of Guinea. Diallo is currently in exile.. Late last Friday, Guinea’s ministry of territorial administration and decentralisation announced in a decree that the headquarters and local offices of 40 political parties would be closed, and their logos, acronyms and other symbols banned from use.. The parties’ assets have been confiscated and all offices sealed.. The ministry said the parties had failed to comply with legal requirements, including submitting mandatory financial statements. Several of the dissolved groups have rejected the allegations, insisting they met all obligations under the law, the Reuters news agency reported.. In a video statement released on social media on Sunday, Diallo said the decree showed that “war has been openly declared” on those challenging President Doumbouya.. He said political change would not happen through dialogue or democratic processes.. “The head of the junta and his malevolent clique want to rewrite the country’s history by erasing from the political landscape all forces likely to overshadow his nascent one-party state,” he added.. Jean-Marc Telliano, a former minister and president of the Rally for the Integrated Development of Guinea, also criticised the decision. Reuters quoted him as saying that his party would fight to assert its rights and “will use all legal means to have our rights restored”.. More about Guinea from the BBC:. From camouflage to tracksuits – Guinea’s junta leader becomes civilian president. US film stars Meagan Good and Jonathan Majors become Guinea citizens after DNA tests. From Hollywood to the homeland: Why African countries are courting black American stars. Getty Images/BBC. Go to BBCAfrica.com for more news from the African continent.. Follow us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica. BBC Africa podcasts. Focus on Africa. This Is Africa. Guinea. Africa  

​ N Korea cancels Pyongyang Marathon for ‘some reasons’. 1 hour ago. Sofia Ferreira Santos. AFP via Getty Images. North Korea has cancelled the Pyongyang marathon for unspecified reasons, a tour agency linked to the event has said.. British-owned Koryo Tours, which describes itself as the official partner of the marathon, said on Monday that it had received notice of the cancellation from North Korea’s athletics association.. A message it attributed to the association said the marathon was being cancelled “due to some reasons”.. The annual event was established in 1981 to celebrate the birth of North Korea’s founding leader Kim Il Sung. The 2026 race was set to take place on 5 April.. N Korea holds first international marathon in six years. The message, purportedly from the North Korea athletics association’s general secretary, thanked “all the Elite Marathoners and Amateur Runners of the world who are interested in Pyongyang International Marathon”.. The message gave no further explanation on what the reasons for the cancellation were.. Koryo Tours said it understood the decision was final and had been taken “at a level above the organisers of the event itself”.. It said it would be seeking clarification on the circumstances surrounding the decision.. The tour company added that neither organisers nor event partners were involved in making the decision, and said it recognised “this announcement will be disappointing to many runners who had already registered or were planning to participate”.. Koryo Tours, based in Beijing, China, offers several marathon packages to foreigners, departing from Beijing, Shanghai and Shenyang.. Packages start from €2,190 ($2,529; £1,894) for 2.5 nights in the North Korean capital, Pyongyang, including a marathon place and “highlights” of the capital and tickets were sold out this year, according to the agency’s website.. It said all deposits paid will be returned and runners have the option to retain their deposit for a future event or North Korea tour.. A date for the 2027 marathon has not yet been set.. The event had only returned last year after it was suspended for five consecutive years due to the Covid pandemic.. It is open to both amateur and some professional athletes and offers several race distances – 5km (3.1 miles), 10km (6.2 miles), half marathon (21.1km; 13.1 miles) or full marathon (42.2km; 26.2 miles).. Asia. Marathon running. Pyongyang. North Korea  

​ Istanbul’s ex-mayor on trial for corruption charges. 1 hour ago. Alys Davies. AFP via Getty Images. The former mayor of Istanbul has appeared in court asthe central defendant in a mass corruption trial thathis opposition party and rights groups say is politically motivated.. Ekrem Imamoglu, 55, faces more than 140 charges including corruption and running a criminal organisation. Prosecutors are seeking a jail term of up to 2,430 years.. He and his Republican People’s Party (CHP) deny any wrongdoing. They accuse Turkish President Recep Tayyip Erdogan and his allies of launching a crackdown over the leader’s decline in popularity.. Prior to the trial, which got off to a chaotic start on Monday, Imamoglu was widely seen as one of the few politicians capable of defeating Erdogan, who has been at the top of Turkish politics since 2003.. Another 407 of Imamoglu’s supporters have also been put on trial, accused of running a criminal corruption network headed by the opposition figure, who prosecutors describe as its “founder and leader”.. Imamoglu was greeted by his supporters with cheers and whistles as he entered the courtroom in the Marmara prison on Monday.. But it was not long before proceedings were brought to a halt by the judge after the politician contested the judge’s decision to hear the testimony of other defendants before his in the trial.. The judge called the protest disrespectful and ordered a recess until the afternoon, just 15 minutes after the hearing had started.. Present in the courtroom were Imamoglu’s wife, Dilek, and CHP leader Ozgur Ozel.. Imamoglu was arrested in March last year on the day he was named as the CHP’s presidential candidate for 2028.. His detention triggered the country’s largest street protests in more than a decade, followed by hundreds of arrests and a police crackdown.. Who is Turkish opposition leader Ekrem Imamoglu?. Turkey moves to silence jailed Erdogan rival by blocking account on X. Apart from the corruption case, prosecutors have accused him of a raft of other offences including espionage and forging his university degree, a qualification he would need to become president and that has since been annulled.. Turkish authorities deny that the judiciary is being used as a political tool.. But the trial has been strongly criticised by rights groups.. “The trial of Mayor Ekrem Imamoglu follows more than a year of weaponising the criminal justice system against his party and other CHP elected officials while he sits in jail,” Benjamin Ward, deputy Europe and Central Asia director at Human Rights Watch, said in a statement last week.. “Looking at these cases as a whole, it’s hard to avoid the conclusion that prosecutors are trying to remove Imamoglu from politics and discredit his party in ways that undermine democracy.”. Amnesty International called the charges brought against Imamoglu “absurd”.. “This politically motivated prosecution, which is based almost entirely on secret witness testimony, is riddled with  

​ Police release images of Oslo US embassy explosion suspect. 29 minutes ago. Alys Davies. Norway police. Police in Norway have released pictures of a suspect linked to an explosion outside the US’s embassy in Norway’s capital Oslo on Sunday.. Two heavily pixelated images taken from surveillance footage show a person with their face concealed, dressed in dark clothing and carrying a backpack.. Police said in a statement on Monday that their investigation had so far showed the explosion was caused by an improvised device that was placed at the building’s entrance. The blast caused minor damage and no injuries were reported.. Police previously said it was possible the explosion was an act of terrorism. They said in their latest update that they had no developments on the attacker’s motive.. As well as the images, investigators were also examining a video published on Google Maps around the time of the incident, police said.. The now-deleted video featured Iran’s Supreme Leader, Ayatollah Ali Khamenei, local media reported. He was assassinated last month during joint US-Israeli strikes on Tehran.. Police said the investigation into the embassy blast was being treated as high priority and that dogs, drones and helicopters had been used to carry out investigations at the scene of the explosion.. They appealed to anyone with information about the suspect, as well as anyone who noticed anything unusual in the area between midnight and 02:00 local time (01:00 GMT) on Sunday, to contact them.. Emergency services were dispatched to the embassy, in the western Morgedalsvegen district of Oslo, at about 01:00 on Sunday.. Following the incident, photos posted on social media showed shattered glass in the snow outside the entrance to the embassy’s consular section, cracks in a glass door and dark marks on a tiled floor.. Norwegian authorities described the incident as “unacceptable”, with Foreign Minister Espen Barth Eide stressing that “the security of diplomatic missions is very important to us”.. A US State Department spokesperson said it too was investigating the incident.. Explosion at US embassy in Oslo may have been terrorism, Norway police say. Norway