Main Points
Oil prices have fallen back under $90 a barrel in early trade, after surging to four-year highs yesterday on concerns over the duration of the Iran war
The drop follows US president Donald Trump’s assertion last night that the Iran war was a “short-term excursion” which would end “very soon”
US and Israeli war planes launched fresh waves of strikes at targets across Iran on Monday as Tehran continued strikes on US targets in neighbouring countries
More than 1,300 people have been killed in Iran since the war began
Iran’s Revolutionary Guards has said Tehran will not allow “one litre of oil” to be exported from the region if US-Israeli attacks continue
Trump has threatened Tehran with “death, fire and fury” if it disrupts shipping in the Strait of Hormuz
Australia has granted humanitarian visas to five of the Iranian women’s football team after their elimination in the Asian Cup
Large crowds took to the streets in Tehran on Monday to offer allegiance to the country’s new supreme leader, Ayatollah Mojtaba Khamenei,
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