Governments in Asia are scrambling to limit the impact on ⁠economies ⁠and consumers from the widening Iran war, ⁠which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled ​that hardliners will remain in charge.

Iran has launched more attacks on Israel and Gulf countries, hours after Iranian state TV said Mojtaba Khamenei had been named supreme leader

A report from The Wall Street Journal said that Kuwait had "begun cutting production at some oil fields after running out of room to store its bottled-up crude."

CNN senior international correspondent Frederik Pleitgen reported “oil-filled rain” is falling from the sky in Iran and leaving the ground a blackened and wet mess on Sunday, following an Israeli stri...

US and Israeli strikes struck several oil depots in Tehran and other regions of Iran on Saturday in what was the first known attack on the Islamic Republic’s oil facilities.

Israel had bombed the fuel depositories — the first time its warplanes had targeted such infrastructure in the war — saying that they were being used by Iran’s military.