Iran-Israel Conflict Escalates, Oil Prices Soar

0:00It's March 22nd. You're listening to Sydney News today, AI-powered local news. I'm Corey with The Story. Tensions are boiling over in the Middle East. As Iran warns it will destroy energy sites and key infrastructure across the region, it President Trump. Carries out his threat to wipe out Iranian power plants. This stems from an ultimatum demanding Iran fully re-open the Strait of Hormuz to shipping by the early hours of Tuesday local time. Over the weekend, Iran fire multiple waves of missiles at Israel on the war's 23rd day, injuring around 200 people in southern towns near a nuclear facility. Officials say the site remains secure. Meanwhile, Israel hit back with major airstrikes on southern Lebanon, targeting bridges and ordering border homes demolished for defense. A Hezbollah rocket from Lebanon killed one man in northern Israel earlier. In the Gulf, the United Arab Emirates keeps intercepting Iranian drones and missiles, fueling outrage. Saudi Arabia expelled four Iranian diplomats in the embassy's defense attaché following

1:05Qatar's lead last week. Oil prices have hit four-year highs, prompting the U.S. to live sanctions on Iranian oil sales to calm markets. Global stocks face jitters when trading resumes, but the conflict shows no signs of slowing as both sides dig in.