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Pete Hegseth guarantees Iran will ‘surrender’: Live updates

US Defense Secretary Pete Hegseth last night guaranteed Iran will ‘surrender’ as oil prices soared past $100 a barrel for the first time in four years as the war causes global markets to rattle.

Hegseth sat down for an exclusive interview with CBS News’ ’60 Minutes,’ where he was asked what the president meant by his demand for an ‘unconditional surrender.’

‘It means we’re fighting to win. It means we set the terms,’ the Defense Secretary replied.

Meanwhile. the price of a barrel of oil has rocketed to above $100 for the first time in years, as the war in the Middle East spins the markets into chaos.

An emergency meeting of the G7 has been called for today, where crisis options including the release of oil reserves will be discussed.

And Iranian clerics announced Mojtaba Khamenei, the second eldest son of former leader Ayatollah Khamenei, as Iran’s new Supreme Leader.

Follow the latest updates on the US-Israel war with Iran 

Oil prices surge and Hegseth guarantees a ‘surrender’: Key developments in Iran war

Good morning, if you’re just joining us we are continuing our live coverage of the US-Israel war with Iran as the conflict enters a new week.

If you’re just joining us, here’s what you need to know:

  • Oil prices rise have surged more than $100 a barrel for first time in four years as Asian markets slid at the start of trading
  • Pete Hegseth, the US Defense Secretary, last night guaranteed Iran will ‘surrender’ and President Donald Trump will set the terms of their defeat
  • Mojtaba Khamenei, the 56-year-old son of Iran’s late supreme leader Ali Khamenei, was selected by the country’s Assembly of Experts to succeed his father
  • Human Rights Watch accused Israel of “unlawfully” using white phosphorus over residential parts of the southern Lebanese town of Yohmor last week
  • Bahrain’s health ministry said that an Iranian drone attack on the island of Sitra overnight wounded 32 civilians, all of them Bahraini citizens
  • Several explosions have been heard in the Qatari capital Doha as Qatar, Saudi Arabia, the United Arab Emirates and Kuwait all reported new attacks
  • The US military has confirmed a seventh service member has killed following an Iranian attack in Saudi Arabia

Oil prices rise to above $100 a barrel for first time in four years

by Patrick Harrington

A spike in prices at the petrol pump is feared after the cost of a barrel of oil rocketed above $100 for the first time in four years.

An emergency meeting of the G7 has been called, where firefighting options including the release of all oil reserves will be discussed.

The Straight of Hormuz is at a standstill amid the Middle East conflict, which means there is major uncertainty hanging over short-term supply.

Iran’s Revolutionary Guard has threatened to ‘set ablaze’ any Western tanker that attempts to navigate the strait, meaning hundreds of ships laden with oil have amassed outside it.

For the first time since war broke out, the effect of the disruption was felt acutely this morning when the price of a barrel of Brent crude was up almost 24 percent.

About a fifth of the world’s oil supply is usually shipped through the Strait of Hormuz, but traffic through the narrow passage has all but halted since the war started a week ago.

Hegseth says Iran will ‘surrender’ and won’t achieve their nuclear ambitions

US Secretary of Defense Pete Hegseth said on ’60 Minutes’ Sunday night that America is going to ‘make sure that their nuclear ambitions are never achieved,’ when asked about the operation in Iran.

‘We’re willing to go as far as we need to to be successful,’ he said.

When he was then asked about the option of sending boots on the ground, Hegseth said: ‘We reserve the right – we would be completely unwise if we did not reserve the right to take any particular option, whether it included boots on the ground or no boots on the ground.’

Hegseth was also asked what President Donald Trump meant when he said the US is demanding ‘unconditional surrender.’

”It means we’re fighting to win. It means we set the terms. We’ll know when they’re not capable of fighting. There’ll be a point where they’ll have no choice but to do that. Whether they know it or not, they will be combat-ineffective. They will surrender,’ he replied.

The Defense Secretary noted that Trump will ultimately set the terms of Iran’s surrender.

‘Whether they want to admit it or not, whether their pride lets them say it out loud or not — it’s President Trump who will set the terms of that,’ Hegseth said.

by James Tapsfield and Patrick Harrington

Brits could face the highest ever pump prices as the Middle East crisis sends energy bills spiralling.

Experts have warned that petrol could hit £2 a litre for the first time, amid a staggering spike in global oil costs.

Keir Starmer is desperately trying to calm fears of another 2022-style cost of living squeeze, hinting at another bailout despite the fragile state of the government’s finances. He is also scrambling to limit damage to the Special Relationship from his refusal to back Donald Trump’s decision to launch the war on Iran.

The president has dismissed the soaring oil and gas prices saying they are a ‘small price to pay’ for taming Tehran.

The price of a barrel of oil has rocketed over $100 for the first time in years, with supplies threatened by attacks on infrastructure of major producers in the region.

Iran has also managed to effectively shut the Strait of Hormuz, through which around a fifth of the world’s oil travels.

Iranians living abroad could have property seized if they show support for US and Israel

Mandatory Credit: Photo by Marco Di Gianvito/ZUMA Press Wire/Shutterstock (16722723o) Members of the anti-regime Iranian community in Rome gather in Piazza Santi Apostoli. They celebrate the attack on the Iranian regime that began on February 28, which also led to the assassination of Supreme Leader Ali Khamenei, and support the return to power of Crown Prince Reza Pahlavi. Rome: Celebrations For The Attack On The Iranian Regime., Rm, Italy - 03 Mar 2026

Iranians living abroad could have property confiscated and face other legal penalties if they express support for the United States and Israel, the Iranian prosecutor general’s office has said.

Some Iranians who want political change in Tehran took to the streets of European and American cities to celebrate the killing of Supreme Leader Ayatollah Ali Khamenei in the US-Israeli war against Iran.

‘A warning has been issued to those Iranians living abroad who in different ways sympathize, support or cooperate with the American-Zionist (Israeli) enemy,’ the prosecutor general’s office was quoted as saying by state media.

‘They will be met with the confiscation of all their properties and other legal penalties in accordance with the law.’

Newly established channels on Telegram have shared details of prominent Iranians living abroad who have posted comments critical of Iran’s clerical authorities and supportive of the U.-Israeli military campaign that began on February 28.

Up to five million Iranians live abroad, the majority of them in the United States and Western Europe, according to Iranian government data. Iranian media put their numbers closer to 10 million.

Qatar arrests over 300 people for publishing ‘misleading information’ during Iran war

Qatari authorities have arrested more than 300 people for sharing images and ‘misleading information’ during days of attacks by Iran, the interior ministry has said.

The people arrested ‘filmed and circulated video clips and published misleading information and rumours that could stir public opinion’, a statement said.

Human rights campaigners accuse Israel of using white phosphorus in Lebanon

A human rights group has accused the Israeli military of ‘unlawfully’ using shells containing white phosphorus, a controversial incendiary munition, in Lebanon.

Human Rights Watch said Israel fired white phosphorus using artillery at residential areas in the southern Lebanese village of Yohmor.

The group said it happened hours after the Israeli military warned the residents of the village and dozens of others in southern Lebanon to evacuate.

Human Rights Watch said it could not independently identify if any residents were still in the area or if anyone was harmed.

The Israeli military did not immediately respond to a request for comment. In the past, it has maintained that it uses white phosphorus as a smoke screen and not to target civilians.

Human rights advocates say the use of white phosphorus is illegal under international law when the white-hot chemical substance is fired into populated areas.

It can set buildings on fire and burn human flesh down to the bone. Survivors are at risk of infections and organ or respiratory failure, even if their burns are small.

Pictured: Smoke cloud erupts in Beirut after Israeli airstrike

A smoke cloud erupts from the site of an Israeli airstrike on Beirut's southern suburbs on March 9, 2026. Hezbollah said on March 9 it was fighting Israeli forces who landed in eastern Lebanon by helicopter across the Syrian border, the second such operation since the outbreak of the latest conflict with Israel. Lebanon was drawn into the Middle East war last week when Iran-backed militant group Hezbollah attacked Israel in response to the killing of Iranian supreme leader Ayatollah Ali Khamenei during US-Israeli strikes. (Photo by IBRAHIM AMRO / AFP via Getty Images)

A black smoke cloud is filling the skies above Beirut after an Israeli airstrike on the capital’s southern suburbs earlier today.

Footage on AFPTV’s live broadcast showed large plumes of smoke rising from the area, a stronghold of the Iran-backed armed group.

Earlier on Monday, the Israeli military warned it would strike branches of Al-Qard al-Hassan, a Hezbollah-linked financial firm mainly operating in the group’s strongholds.

FTSE plunges as mounting oil crisis sparks panic in European markets

London’s FTSE 100 Index fell nearly 2% soon after opening amid a mounting oil crisis as the Middle East conflict causes an acute supply crunch.

The blue chip share index down 1.8% within the first 10 minutes after trading opened.

The Frankfurt and Paris stock markets also shed more than 2.5% in morning deals.

It comes after Asian markets also slid during trading today.

Japan’s Nikkei index of stocks closed down more than 5% and South Korea’s Kospi by 6% on Monday, on the back of turmoil in the Middle East.

Moment UAE air defences shout ‘target destroyed’ as they hunt down Iranian drones

by Tom Midlane

United Arab Emirates air defences shouted ‘target destroyed’ as they hunted down and shot Iranian drones.

The UAE foreign ministry released the dramatic footage showing Iranian unmanned aerial vehicles (UAVs) being lined up in an anti-missile system’s crosshairs.

A rattle of gunfire can then be heard as the drones are exploded, before the operator reports: ‘Target destroyed, sir.’

Writing on social media, the UAE Ministry of Foreign Affairs said they were ‘ready to deter any threat’.

The Ministry posted on X: ‘Footage showing the UAE’s air defences intercepting and destroying Iranian UAVs that attempted to target the country.

‘There is no compromise when it comes to the nation’s security and sovereignty. The UAE Armed Forces stand ready to deter any threat.’

Trump dismisses oil price surge as ‘small price to pay’

As Iran retaliates against its oil-rich Gulf neighbours, the benchmark price for a barrel of crude soared beyond $100 for the first time since Russia’s invasion of Ukraine four years ago.

Trump dismissed the price spike, a politically sensitive issue in the United States, as a ‘small price to pay’ for removing the alleged threat of Iran’s nuclear programme.

In a sign that the United States does not expect a quick end to the war, the State Department ordered non-emergency staff to leave Saudi Arabia, days after a drone hit the US embassy.

As questions swirl over the length of the war, Trump told the Times of Israel that any decision on when to end hostilities will be a joint one with Israel’s Prime Minister Benjamin Netanyahu.

‘I think it’s mutual… a little bit. We’ve been talking. I’ll make a decision at the right time, but everything’s going to be taken into account,’ Trump said.

China: We oppose threats against Mojtaba Khamenei

China has declared it opposes any attempts to target Mojtaba Khamenei after he was named Iran’s new Supreme Leader to replace his father.

China’s foreign ministry spokesman Guo Jiakun told reporters today that Iran’s decision to appoint the younger Khamenei was ‘based on its constitution’.

‘China opposes interference in other countries’ internal affairs under any pretext, and Iran’s sovereignty, security, and territorial integrity should be respected,’ he said when asked about the threats against the new leader.

Israel’s military has threatened to target any successor to former supreme leader Ali Khamenei, who was killed over a week ago in a first wave of US and Israeli strikes on Iran.

Donald Trump had previously dismissed Mojtaba Khamenei as a ‘lightweight’, and insisted again Sunday on ABC News before the announcement that: ‘If he doesn’t get approval from us he’s not going to last long.’

Key Updates

  • FTSE plunges as mounting oil crisis sparks panic in European markets
  • What we know about Mojtaba Khamenei – Iran’s new Supreme Leader
  • Bahrain’s state oil company declares force majeure after Iran strikes refinery
  • Oil prices surge and Hegseth guarantees a ‘surrender’: Key developments in Iran war
  • Oil prices rise to above $100 a barrel for first time in four years
  • Oil prices surge past $100 a barrel as US war with Iran ramps up
  • Mojtaba Khamenei elected as Supreme Leader
  • Iranian military chief killed in strikes, IDF confirms

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