Oil prices rise after US strikes on Iran

Brent crude and WTI oil benchmarks have risen 0.5% following reports of a US attack on Iran’s Qeshm Island.

Blasts hit Iran's Qeshm as US reportedly carries out ‘defensive’ Hormuz strikes

Several explosions have been heard on Iran’s Qeshm Island, as media outlets in the United States reported that the US military had carried out what officials called “defensive strikes” in the Strait of Hormuz.

Iran has suggested the possibility of strikes against U.S. bases in Europe

Iran could attack U.S. bases in Europe in the event of renewed aggression against the Islamic Republic, according to Iranian Member of Parliament Manouchehr Mottaki.

US to consider Iran’s proposal for ending the conflict

The American side will review the Iranian proposal for ending the conflict, after which further contacts may take place as was reported on Monday by the Al Jazeera television channel, citing sources.

In Belgium, supermarkets discarded €100,000 worth of food following a cyberattack

In Belgium, supermarkets were forced to discard €100,000 worth of food following a cyberattack, Euronews reported on November 2.

Gulf countries warn renewed US-Israeli attacks on Iran could devastate region

Gulf Arab states fear another US-Israeli attack on Iran could unleash an even more destructive regional war, as Tehran has strengthened its military readiness despite months of airstrikes, Bloomberg reports.