Pete Hegseth guarantees Iran will ‘surrender’ as oil prices soar past $100 a barrel driven by war: Live updates

Pete Hegseth guarantees Iran will ‘surrender’ as oil prices soar past $100 a barrel driven by war: Live updates

By SAM LAWLEY, NEWS REPORTER and ADAM POGRUND, REPORTER and NOOR QURASHI, NEWS REPORTER and MELISSA KOENIG, US REPORTER

Updated: 10:35 GMT, 9 March 2026

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.

Recap all the day’s developments the US-Israel war with Iran 

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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.

Read more here 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.

Watch: Fire breaks out at Bahrain oil refinery after Iranian missile attack This is the moment a fire broke out at Bahrain’s only oil refinery as Tehran continues to target energy sites across the Gulf.

Oil prices soared to more than $100 a barrel for the first time in four years today amid global fears over supply disruptions.

After Bahrain’s sprawling Al Ma’ameer oil facility was hit, causing a fire and damage, the country’s state-owned energy firm Bapco declared force majeure – the latest Gulf producer to activate the legal clause.

Energy producers in Qatar and Kuwait earlier made similar declarations, which are a warning that events beyond their control may lead them to miss export targets.

Vladimir Putin offers ‘unwavering support’ to Iran’s new Supreme Leader
Vladimir Putin has offered his ‘unwavering support’ to Iran’s new Supreme Leader Mojtaba Khamenei.

Iran downplays talks of ceasefire as Hegseth vows country ‘will surrender’ Iran has downplayed the likelihood of a ceasefire while Tehran is under attack, Iran’s Student News Network has reported.

Iranian foreign ministry spokesperson Esmaeil Baghaei said there is ‘no point to talks about anything’ barring defence and ‘crushing retaliations’ against its ‘enemies’.

Baghaei then reiterated Tehran has no war to fight with its Muslim neighbours but must target ‘facilities used by aggressors’.

The foreign ministry spokesperson also denied any Iranian attack against Turkey, Azerbaijan and Cyprus, pointing instead at what he called ‘false flag attacks.’

Man, 40, killed on Israeli construction site by Iranian missiles strike Israel’s first responders said one person was killed by shrapnel as several blasts rocked central Israel today.

It comes after the military reported detecting new missiles launched from Iran.

‘After performing resuscitation efforts, we had to pronounce the death of a man, approximately 40 years old,’ Magen David Adom said in a statement, adding that the death occurred at a construction site in central Israel.

It added that another man was seriously injured and evacuated for treatment, with both casualties having sustained ‘several shrapnel injuries to their bodies’.

Starmer vows to protect Brits from economic shocks of Iran war Sir Keir Starmer has vowed to protect Brits from the the economic impact of the Iran war as oil prices soared to more than $100 a barrel.

The Prime Minister warned longer conflict goes on ‘the more likely the impact on our economy’ as he met with members of the public.

Sir Keir said: ‘People are also rightly worrying what this means for life at home – their bills, their jobs, their communities.

‘I want to address those concerns head on. I will always be guided by what is best for the British public. And no matter the headwinds, supporting working people and their families with the cost of living is always top of my mind.’

Iran’s new Supreme Leader Mojtaba Khamenei ‘is wounded’ Ayatollah Ali Khamenei’s son has been wounded in the Iran war, it emerged today after he was named as the country’s new Supreme Leader.

Mojtaba, 56, the second son of the late Ayatollah Ali Khamenei, was excluded from a list of three senior clerics his father reportedly identified last year, but on Sunday was announced as his successor after being appointed by the regime’s 88-person assembly.

The ‘vengeful’ hardline cleric is already marked for assassination by Israel after it vowed to ‘eliminate’ whoever succeded the late Ayatollah, having killed him and Mojtaba’s wife Zahra Haddad-Adel in strikes on the first day of the conflict.

In one report on his ascension to Supreme Leader on Iranian state TV, it refers to him as being wounded in the war.

The anchor describes him as ‘janbaz’, or wounded by the enemy, in the ‘Ramadan war,’ which is how media in Iran refer to the current conflict.

It does not elaborate on how he was injured, although his wife and father were killed in Israeli strikes on Tehran.

Read more here Iran unleashes huge overnight attack on Gulf states

by Eliana Silver

Iran has unleashed a huge attack overnight on countries in the Gulf, with Bahrain experiencing the highest number of casualties since the beginning of the war.

32 people were injured in an Iranian attack on Bahrain’s island of Sitra, the interior ministry said, after Bahrain’s Bapco refinery was hit by drones overnight.

All of the wounded were Bahraini citizens and there were four ‘serious cases’, including children, the health ministry said in a statement carried by the state news agency.

The wounded included a 17-year-old girl who suffered severe head and eye injuries, and a two-month-old baby, according to the ministry.

‘As a result of the blatant Iranian aggression, injuries among citizens were reported, one of them serious, and a number of houses in Sitra were damaged as a result of an attack by drones,’ the ministry said.

Read more here Top story: Brits ‘face highest EVER petrol pump prices’ as Middle East crisis deepens

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.

Read more here Key Updates

Iran downplays talks of ceasefire as Hegseth vows country ‘will surrender’

Man, 40, killed on Israeli construction site by Iranian missiles strike

Starmer vows to protect Brits from economic shocks of Iran war

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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