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Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.
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In the cities of Najaf and Karbala, home to two of Shiite Islam's holiest sites, hundreds of thousands attended commemorations for Ayatollah Ali Khamenei, who extended Iran's influence in Iraq.
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The US military says it hit missile sites and command centres while Iran says it fired missiles and drones at US bases.
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Crude oil prices jumped and stock prices fell after President Trump declared an end to the ceasefire with Iran, adding fresh uncertainty to an already shaky outlook for the global economy.
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;Resize=(620)) French soccer star Kylian Mbappé is embroiled in a scandal over racist remarks made by a Paraguayan senator that the United Nations Human Rights Office has called "dehumanizing" and "despicable" and have led to an investigation by French prosecutors.
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;Resize=(620)) Donald Trump said ?an interim agreement to end the war with Iran was "over" after Tehran carried ?out new attacks on U.S. bases in the Gulf, as the president said the U.S. would likely engage in additional strikes on Wednesday night.
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;Resize=(620)) Utah has revoked the licence of a boarding school where Paris Hilton said she was abused as a teenager, saying the school has "failed to provide applicable health and safety services for clients."
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