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Oil prices rise after Trump says Iranian ship seized
Global oil prices have jumped after US President Donald Trump said its navy had intercepted and seized an Iran-flagged cargo ship.
The Brent crude benchmark oil price jumped 5% to around $95 (£70) a barrel, reversing the slump on Friday when Iran said the Strait of Hormuz would be “completely open” to commercial vessels for the remainder of the ceasefire.
On Saturday, Iran said it was closing the strait again and that any ship that approached it would be targeted.
The waterway is of key importance as usually about 20% of the world’s oil and liquefied natural gas passes through it.
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February and Tehran responded with threats to target shipping in the strait.
Trump has said his representatives will be in Pakistan on Monday for negotiations. A White House official said Vice-President JD Vance would lead the US delegation.
But Iran’s state media said Tehran had “no plans for now to participate” in the talks, although Iranian officials have not clarified the country’s position yet.
“Oil markets continue to gyrate in response to oscillating social media posts by the US and Iran, rather than the realities on the ground which remain challenging for oil flows to resume in a rapid fashion”, analyst Saul Kavonic from financial services firm MST Marquee told the BBC.
“This is all part of negotiations, physically playing out in real time on the Strait of Hormuz.”
Shanti Kelemen, co-chief investment officer at 7 Investment Management, said there was “a bit of fatigue” in the market given the “chopping and changing” in the situation.
“I think the market stopped believing the words, and will look more towards the actions,” she told the BBC.
The Strait of Hormuz remained closed on Sunday, a day after the Islamic Revolution Guard Corps (IRGC) said it was ending a temporary reopening over the US blockade, which it said violated the terms of their ceasefire agreement. Iran said it would stay closed until the US ended its naval blockade.
Trump had said on Friday that the naval blockade would continue until a deal was agreed by the two countries.
Stock markets were mixed on Monday. In Europe, the FTSE 100 index of the biggest firms listed in the London fell 0.7%, while Germany’s Dax and France’s Cac 40 were both down more than 1%.
However, Asian markets had risen earlier, with Japan’s Nikkei index closing up 0.6% and South Korea’s Kospi climbing 0.4%.
[BBC]
Latest News
Italian Naval Vessel ‘ITS Giuseppe Garibaldi’ arrives in Colombo
The Italian Naval Vessel ‘ITS Giuseppe Garibaldi’ arrived in Sri Lanka today, 9 September 2026, on a replenishment visit.
The Sri Lanka Navy welcomed the visiting ship in accordance with naval traditions at the port of Colombo.
‘ITS Giuseppe Garibaldi’ is a 180m long Landing Helicopter Aircraft Vessel commanded by Captain Marco GUERRIERO.
During the ship’s stay in Sri Lanka, the Commanding Officer of ‘ITS Giuseppe Garibaldi’ is scheduled to call on the Commander Western Naval Area.
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England Women appoint Leah Poulton as managing director
Leah Poulton the former Australia batter turned coach and administrator, will join England Women as managing director, succeeding Clare Connor.
Poulton will be charged with overseeing the success of the international team and pathways after the ECB cited her “impressive track record driving women’s cricket forward in Australia”.
Poulton earned 90 caps for Australia before retiring in 2015 and has spent the past six years as head of elite female cricket at Cricket New South Wales. There, she oversees cricket performance operations across two WBBL franchises, women’s state cricket and one of the world’s largest women’s cricket talent pathways.
Before that, she spent three years at Cricket Australia as a High Performance Coach, where she was instrumental in setting up Australia’s enviable women’s high-performance pathway, which included developing the Australia A and Under-19s women’s teams.
In her new role, she will be accountable for the performances of England Women, England Women A, England Women Under-19s and the overall women’s high-performance system.
Poulton will start in her new role in November with England set to host the Women’s Ashes next summer. She fills the role vacated by Connor, who announced earlier this year that she would be leaving the ECB after a career spanning 18 years, and will work closely with England Women’s head coach Charlotte Edwards and captain Nat Sciver-Brunt.
“I’m incredibly excited and honoured to be joining England, and to have the opportunity to help shape our programmes and, most importantly, invest in our people,” Poulton said. “I’m looking forward to working with Charlotte, Nat and the wider team, building on the strong foundations already in place and taking the programme forward.
“I know how vital strong pathways and a healthy domestic game are to sustained success, so I’m looking forward to connecting with people across the game and helping give the next generation of English players every opportunity to thrive. It’s a huge privilege to be part of England Women, and I can’t wait to get started.”
Richard Gould, the ECB’s CEO, said that with the senior women’s team had made under Edwards, appointed last year, and having reached the final of their recent home T20 World Cup, England Women were well placed for a successful era.
“I’m delighted to welcome Leah on board to help us build on this and take us to the next level,” Gould said. “She has a deep understanding of international cricket from her playing career and has built an impressive reputation in her time in administration.
“I believe she and Lottie will be a formidable combination, and will continue the team’s progress and development as we compete for the ICC Women’s Champions Trophy and Women’s Ashes in 2027.”
[Cricinfo]
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Avindu makes history with first World University gold for Sri Lanka
University of Sri Jayewardenepura weightlifter Avindu Liyanagedara made history yesterday by becoming the first Sri Lankan university student to win a gold medal at a World University sports event, as Sri Lanka made a spectacular start to the 2026 World University Weightlifting Championship in Doha, Qatar.
Liyanagedara won the men’s 60kg title, while Sabaragamuwa University’s Nipun Dissanayake added a bronze medal in the 65kg category on the opening day of the championship.
Liyanagedara lifted 105kg in the snatch and 132kg in the clean and jerk for an impressive combined total of 237kg.
Spain’s Gomez Martinez took the silver with 228kg, while Chun-Yen Tang of Chinese Taipei won bronze with 227kg.
Dissanayake also secured a podium finish in the 65kg class with a total of 220kg, comprising a 100kg snatch and a 120kg clean and jerk.
Iran’s Mohhadov Tehran won the gold with 289kg, with Moldova’s Ion Badanev taking silver with 288kg.
Liyanagedara’s achievement represents a landmark breakthrough for Sri Lankan university sport. His gold is the first gold medal won by a Sri Lankan university student at a World University sports event, while Dissanayake’s bronze further strengthened the country’s historic opening-day showing.
The Sri Lanka University Sports Association has entered five male and two female athletes for the championship, with University of Colombo’s Sujan Walgampaya serving as team manager and coach.
The championship continues in Doha until September 12, with Sri Lanka already assured of a memorable place in the history of World University sport through Liyanagedara’s historic gold medal.
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