Oil Prices Hit Four-Year High Amid War Fears | Brent Crosses $122 Per Barrel | 6 PM News Headlines

Added: 2026-05-06

[00:00:04]As-salamu alaykum. I'm Aisha and you're watching Samaa News. Here are today's headlines.

[00:00:11]Important progress has been reported in the case of 11 Pakistani citizens kidnapped in Somalia as the Somali government has assured Pakistan of full cooperation for their recovery and safe return. According to diplomatic sources, Pakistan had formerly raised the matter with Somali authorities, after which the Somali government responded positively.

[00:00:33]Diplomatic [music] sources said the Somali government has assured Pakistan in writing that it will provide all possible assistance in the case. The assurance includes cooperation for the recovery and safe return of the kidnapped Pakistani citizens.

[00:00:49]The US is pushing for other countries to form an international coalition to restore freedom of navigation in the Strait of Hormuz as oil prices surged to their highest in more than four years on fears of longer-term disruptions to global fuel supplies. According to a State Department cable, the US was inviting other countries to join a new international coalition that would enable ships to navigate the Strait of Hormuz after traffic through the waterway stalled. The cable showed the proposed coalition, dubbed the Maritime Freedom Construct, would share information, >> [music] >> coordinate diplomatically, and help enforce sanctions.

[00:01:32]Iranian President Masoud Pezeshkian has warned that any US naval blockade of Iranian ports would worsen instability in the Gulf and fail to achieve its objectives. [music] In a statement, Pezeshkian said such actions violate international law and would only increase tensions [music] in the region.

[00:01:51]He added that restrictions on maritime activity would disrupt long-term stability rather than enhance security.

[00:02:00]US President [music] Donald Trump says Washington is reviewing a possible reduction of American troops stationed in Germany. In a statement, Trump said a decision would be made in the near term as the administration reassesses [music] its military presence in Europe. The move comes amid criticism of NATO allies over their role in securing key global routes, including the Strait of Hormuz.

[00:02:26]Global oil prices have surged to a four-year high, crossing $120 a barrel amid fears of further escalation in the US-Iran conflict.

[00:02:37]Markets reacted to concerns that prolonged tensions could disrupt Middle East oil supplies and impact global economic growth. The rise also comes ahead of reports that US President Donald Trump is set to receive a briefing on potential military strike options against Iran.

[00:02:57]Organizers say Israeli forces have intercepted Gaza-bound [music] aid ships in international waters near Greece. The vessels were part of a second humanitarian [music] flotilla that set sail from Barcelona earlier this month, aiming to [music] break the blockade on Gaza. The group behind the mission has condemned the interception, calling it an escalation as tensions over aid access continue.

[00:03:24]US President Donald Trump has urged Iran to get smart soon and sign a deal following days of deadlock in efforts to end the conflict and a media report that the US [music] would extend its blockade of Iran's ports. In a post on Truth Social, Trump said Iran couldn't get its act together. [music] He said they don't know how to sign a non-nuclear deal without explaining what such a deal would entail. Iran wants some kind of US acknowledgement of its right to enrich uranium for what it says are peaceful civilian purposes. [music] The Pentagon says the US war in Iran has cost around $25 billion so far, marking the first official [music] estimate of the conflict's price tag. A senior defense official told lawmakers that most of the spending went toward munitions. The United States began strikes on Iran in late February with a fragile [music] ceasefire now holding.

[00:04:18]That's all for now. For more updates, visit www.samaa.tv.

[00:04:25]Thank you for watching Samaa News.