News

European markets set to slump at the open as Iran war intensifies  CNBC

Iran war fallout lands hardest on Europe's most gas‑dependent nations  Reuters

Saudi Red Sea port Yanbu targeted in aerial attack, minimal impact, source says Saudi Arabia's Red Sea port of Yanbu, currently the only export outlet for its crude, was targeted in an aerial attack on Thursday, an industry source said, adding there was minimal impact. It was not immediately clear what specifically was targeted in Yanbu.

Chip buyers in Europe are paying more and tapping backup stores as Iran war hits air freight  CNBC

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US President Donald Trump threatened to "massively blow up" a vast Iranian gas field unless Tehran stops striking Qatari energy facilities, which sustained extensive damage Thursday. Crude oil prices surged five percent as the latest strikes fed fears that the nearly three-week-old Middle East war could inflict lasting damage on global energy supplies.

Drones reported over base where US Secretary of State resides in Washington Unidentified drones have been spotted over a military base in Washington where the Secretary of State and Secretary of Defence reside, The Washington Post reported. The reports said that the sightings have raised security concerns at the facility and authorities are considering relocating the officials to other locations after repeated drone activity over their residences.

Qatar's Ras Laffan was hit for a second time on Thursday morning shortly before Trump's warning

Asia’s stock markets dive after attacks on energy facilities in Qatar, Iran  Al Jazeera

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The reported inquiry predates Joe Kent’s departure on Tuesday from his post as director of the national counter-terrorism center The resignation of Joe Kent, a senior counter-terrorism official who spoke out against the US war in Iran, took a dramatic turn on Wednesday with a report that he is under investigation by the Federal Bureau of Investigation (FBI) over an alleged leak of classified information. The inquiry predates Kent’s departure on Tuesday from his post as director of the national counterterrorism center, where he had overseen the analysis of terrorist threats, according to Semafor and CBS News. The FBI declined to comment on the existence of any such investigation. Continue reading...

US president says Israel will not launch another attack on the giant gasfield shared by Iran and Qatar, but promises to destroy it if Tehran retaliates Israel strikes Iran’s South Pars gasfield hours after forces kill intelligence minister Fighting intensifies between Israel and Hezbollah in southern Lebanon Cathay Pacific suspends flights to and from Dubai until end of April The Hong Kong aviation giant Cathay Pacific has suspended flights to and from Dubai over the war in the Middle East. The Pentagon “has asked the White House to approve a more than $200bn request to Congress to fund the war in Iran, according to a senior administration official”, the Washington Post reports. The oil price climbed towards $110 a barrel on Wednesday as the mounting threat to the Gulf’s oil and gas infrastructure fuelled concerns of more disruption to global supplies, amid the continuing blockade of the strait of Hormuz. QatarEnergy said “sizeable fires” caused extensive damage at its LNG facilities after Iranian missile attacks in the early hours of Thursday. An attack set a ship ablaze early on Thursday off the UAE coast, authorities said. The United Kingdom Maritime Trade Operations centre said “a vessel has been hit by an unknown projectile, which has resulted in a fire onboard”. French president Emmanuel Macron called for an immediate moratorium on striking civilian infrastructure, and said civilian populations and their needs must be “protected from military escalation”. Three Palestinian women were killed in an Iranian missile attack in the occupied West Bank late on Wednesday, the Palestinian Red Crescent said, in the first deadly Iranian strike there. A man was killed in central Israel in the latest round of Iranian missile fire, medics say. It brings the death roll in Israel from the war to 15. Republicans in the US Senate blocked a measure that aimed to reign in Donald Trump’s power to wage war against Iran without congressional authorisation, winning a 53-47 vote. Continue reading...

Residents in countries near North Korea fear Iran war leaves them exposed  ABC News

Some economists had previously been expecting policymakers to deliver a cut, prior to the escalation of the war in Iran.

Qatar says fires controlled after attacks damage major gas facilities Qatar’s interior ministry said civil defence teams have brought two fires in the Ras Laffan Industrial Area under control, adding that no injuries were reported. The fires followed attacks that struck key energy infrastructure in the area. Earlier, QatarEnergy had said several liquefied natural gas facilities sustained significant damage in the strikes.   QatarEnergy's liquefied natural gas (LNG) production facilities in Ras Laffan Industrial City, Qatar, 2 March 2026. REUTERS

Foreign minister warns Iran that regional neighbours have 'significant' capabilities with which to respond to attacks.

The president was criticized for wearing a baseball cap to a previous ceremony

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UAE activates air defenses as missile threat triggers alarms The United Arab Emirates said its air defences were responding to a missile threat, as residents in Dubai reported hearing a loud explosion. Authorities did not immediately provide details on the source or impact of the threat. In Israel, sirens sounded in Jerusalem and central areas as missiles were launched from Iran, according to local media. Channel 12 reported that air defences intercepted the projectiles and no casualties were reported.