Iran war: Oil prices soar

The Global News Podcast reports on the economic and political fallout from the US-Israeli war with Iran. Oil prices surged by 20%, and stock markets fell, leading G7 finance ministers to discuss releasing emergency oil reserves. The conflict has disrupted oil tanker traffic through the Strait of Hormuz, impacting global oil supplies and potentially increasing inflation. The podcast also covers the appointment of Iran's new supreme leader, Mojtaba Khamenei, and the reactions from Iranians, with concerns raised about the continuation of a hardline regime. Additionally, the podcast addresses the safety concerns surrounding the Iranian women's football team after they refused to sing their national anthem at a game in Australia, with potential asylum implications.