Qatar warns Iran war can now 'spiral out of control'

As Donald Trump threatened to wipe out an entire civilisation in Iran ahead of his latest deadline for Tehran to open up the Strait of Hormuz, Qatar's foreign ministry official warned that the world was nearing a point beyond which the war would be out of anyone's control. Oil markets continue to be volatile amid ongoing tensions, while physical prices refiners are paying are rising to record levels with premiums on crude with earlier delivery dates surging.