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Iran's new supreme leader has vowed to keep blocking the Strait of Hormuz, a key shipping channel, in a statement read by a presenter on state TV.

Mojtaba Khamenei also said Iran will "avenge the blood of Iranians" who have been killed.

It is the first we have heard from the new leader, after he was selected to succeed his father, Ayatollah Ali Khamenei.

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Oil prices climbed back above $100 a barrel and stock markets fell after three more cargo vessels were hit in the Gulf.

News of further strikes on shipping helped to push Brent crude up by more than 9% on Thursday, before the price eased a little to $97.90.

The jump came despite the International Energy Agency saying on Wednesday that it will release a record 400 million barrels of oil in an attempt to curb the economic impact of the US-Israel war with Iran.

Investors are increasingly concerned that the global economy will take longer to recover if strikes to shipping and energy infrastructure in and around the Strait of Hormuz continue.

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Apparent Iranian attacks have been reported across the Gulf, including in Iraq and Kuwait, while a Dubai high-rise was hit by an apparent drone attack.

New Israeli strikes have killed several people in Lebanon, including at least eight in Beirut's seafront area, while Israel is also carrying out "wide-scale" attacks on Iran.

Meanwhile, oil prices have risen, reaching $100 a barrel at one point, as three more cargo ships are attacked in the Gulf. This comes despite 32 countries agreeing on Wednesday to release 400m barrels of oil reserves, in an effort to calm the markets.

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Files released by the government show the Prime Minister was warned of a ‘reputational risk’ about Peter Mandelson’s links to Jeffrey Epstein before he was appointed US ambassador.

Alex and Chris have been combing through the files since they were released this afternoon. Together with James they go through what we’ve learnt, and what it means for the Prime Minister.

The BBC understands that Lord Mandelson's view is he answered questions about his relationship with Epstein in the vetting process accurately and that he believes he has not acted criminally, did not act for personal gain and is cooperating with the police.

Plus, Alex and James speak to Simon Jack about the International Energy Agency’s decision to release more than 400 million barrels of oil in a bid to ease pressure on the market caused by the war in Iran.

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00:00 Introduction

00:30 Why were the Mandelson files published?

02:28 How do journalists go through the documents?

08:10 Darren Jones makes a statement in Parliament

11:51 Peter Mandelson's severance pay

21:10 What is the International Energy Agency and why have they released oil reserves?

24:50 What is the oil price now?

30:10 The UK political debate on fuel duty

Iran has stepped up its attacks on energy infrastructure across the Gulf and there have been more strikes on shipping in the Strait of Hormuz, further threatening oil and gas supplies and a global energy crisis.

The International Energy Agency has ordered the largest release of stockpiled oil reserves in its history, in an attempt to stabilise global oil prices which have soared since the start of the US and Israeli attacks on Iran. 32 countries have agreed to release around 400 million barrels of crude oil onto world markets.

In Oman, oil storage tanks in the port of Salalah caught fire with reports they had been hit by drones. The UAE and Qatar reported more attacks from Iranian missiles and drones.

Israel launched another wave of strikes at what it said were Hezbollah targets in Lebanon, saying it's in response to rockets fired at Israel.

Clive Myrie presents BBC News at Ten reporting by Simon Jack, Ellie Price, Wyre Davies, and Sarah Smith.

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Mines in the water, Iranian gunboats on the surface and the one island that could bring Iran’s economy to its knees.

We’ll bring you exclusive insights from the former commander of a Royal Navy minehunter, who has a different take on the threats posed by Iran.

And is the US forming a plan to take Kharg Island, the rocky outpost 15 miles off Iran’s coast – responsible for 95% of Iranian crude exports?

This is The Security Brief with the BBC’s Christian Fraser and former Senior Officer in the British Military, Mikey Kay.

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Days into the US-Israel war with Iran, there are increasing reports of the Americans and Israelis using cyber warfare to gain a military advantage and disable infrastructure.

Equally, there are questions about whether Iran will launch its own cyber attacks — something that experts have warned of for years.

The BBC's cyber correspondent Joe Tidy takes us through the reported tactics of the US, Israel and Iran, and how modern warfare is evolving.

New episodes of the Global News Podcast are published twice a day. You can listen here: https://link.mgln.ai/GNP-YT

And you can find more of our Youtube episodes here: https://bbc.in/GlobalNewsPodcast

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Three commercial ships were damaged by "unknown projectiles" in the Strait of Hormuz, as the war in the Middle East enters its 12th day.

32 members of the International Energy Agency have agreed to their largest ever release of oil reserves, in an effort to calm the markets.

Israel launched a new wave of strikes on Lebanon and Iran, and there's shock in the capital Beirut after an apartment block was struck earlier this morning.

Meanwhile, President Donald Trump said the US is "not finished yet" when asked about the war in Iran.

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As the US-Israeli strikes on Iran continue and the death toll continues to rise, so too does the war of words. So how will the war end and will the US negotiate with Iran?

US President Trump described Mojtaba Khamenei, Iran's choice for new supreme leader, as "unacceptable". He also said he believes the war will be over “pretty quickly”, but it’s not clear how - or when.

Nate Swanson, a former State Department official who spent nearly two decades in the US government working on American policy towards Iran, answers our questions on how the next stage of the conflict is likely to unfold - and whether a negotiated peace with Iran is still an option.

New episodes of The Global Story are released daily. If you’re in the UK, listen on BBC Sounds. If you live outside the UK, listen on BBC.com or wherever you get your podcasts.

LINK: https://app.magellan.ai/listen_links/the-global-story-ytl

Chapters:

00:00 Can diplomacy still work with Iran?

01:54 What do the US know about the new Iranian leader?

04:30 Could there be a negotiated settlement?

06:02 What do Iran want to achieve?

07:14 How long will the war last?

10:22 What was the Iran nuclear deal?

12:03 What are Iran’s nuclear capabilities?

15:03 What are negotiations with Iran like?

17:22 What did Biden do on Iran?

19:01 Were Trump’s negotiations with Iran serious?

22:13 Are there experts in the Trump Whitehouse?

24:08 Why did negotiations fail?

26:16 Could Trump meet the Iranian leadership?

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n July 2024, a parcel burst into flames just before it was loaded onto a DHL cargo flight to the UK - it was one of several incendiary devices sent by post from Lithuania.

Now, an international police investigation has concluded that this was a sabotage attack, co-ordinated by Russian military intelligence.

The BBC's Eastern Europe correspondent, Sarah Rainsford, spoke exclusively to the man who sent the parcels to Britain.

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