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Middle East crisis live: rescue effort under way after US refuelling plane with five onboard crashes in Iraq | US-Israel war on Iran

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Asian stocks were mostly lower on Friday, tracking Wall Street’s losses. Oil prices were hovering around $100 per barrel due to ongoing concerns about the Iran war and its impact on crude oil and natural gas supplies.

Tokyo’s Nikkei 225 index fell 1.1%, while South Korea’s Kospi index fell 1.3%. Australia’s ASX 200 index rose 0.1%, while Taiwan’s Taiex index traded down 0.7%.

Oil prices remained stable. Brent crude oil, the international standard, rose 0.6% to $97.22 per barrel. It rose above $100 on Thursday, a few days after approaching $120 earlier this week.

Iran’s new religious leader on Thursday Ayatollah Mojtaba KhameneiIn his first public statement, he promised that Iran would continue fighting. It will continue to use the Strait of Hormuz, which is an important waterway for oil and natural gas transportation and has been virtually closed due to serious traffic disruptions, as a trump card against the USA and Israel.

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