News

Europe’s imports mainly driven by Ukraine’s needs, but the EU is surging in arms manufacturing and exports, report says.

OSLO, March 9 (Reuters) - Norwegian police are searching for a suspect seen on surveillance footage following an explosion during the weekend at the U.S. embassy in Oslo, investigators said on Monday. The early Sunday morning blast damaged one of the entrances to the embassy, sending thick smoke into the street but causing no injuries, in what police said may have been linked to the crisis in the Middle East.

Inflation concerns could see the BoE pause their recent rate cuts - or head the other direction

Iran says it shot down three drones over Bushehr and Tehran Iran’s Islamic Revolutionary Guard Corps  (IRGC)says its forces have downed three drones in separate incidents across the country. According to the IRGC, two of the drones were intercepted over Bushehr province in southern Iran, while a third was brought down over the capital, Tehran.

The Iran war sent oil prices soaring on Monday after Tehran marked the appointment of its new supreme leader with a new barrage of missiles targeting Israel and the Gulf energy industry. As Iran welcomed Ayatollah Mojtaba Khamanei as successor to his father, oil prices surged past $100 a barrel, Saudi Arabia battled drones targeting oil fields and Bahrain's energy company warned that it may be unable to fulfil export contracts.

Iranian residents have reported headaches, difficulty breathing, and oil-contaminated rain settling on buildings and cars

Iran picks new leader. And, Trump won't sign bills until Congress overhauls voting  NPR

Dangote Fertiliser Says It’s Seeing Surge in Orders on Iran War  Bloomberg.com

Many voters are frustrated by rising prices for essentials like housing

Iran war: Crude oil prices spike near $120 a barrel as conflict impedes production and shipping  ABC11 Raleigh-Durham

BEIRUT/JERUSALEM, March 9 (Reuters) - Hezbollah said on Monday its fighters clashed with Israeli troops in eastern Lebanon during an Israeli airborne raid overnight, in what would be the second such operation in the area in recent days, as the war between Israel and the Iran-backed group entered a second week. A spokesperson for the Israeli military had no immediate comment when asked about the Hezbollah statement. A Hezbollah statement said its fighters "confronted the helicopters and the infiltrating forces with appropriate weapons".

DUBAI, March 9 (Reuters) - Lebanon’s parliament extended its own mandate for two years on Monday, a statement from the speaker's office said, pushing back elections that were meant to take place in May of this year. The office of parliamentary speaker Nabih Berri said 76 lawmakers of the 128-seat body had voted in favour of the extension. The vote came a week after Lebanon was dragged into the regional war by militant group Hezbollah's launch of rockets and drones into Israel, which has responded with heavy bombardment across the country.

Belgium's interior minister says an overnight explosion near a synagogue in Liege was an antisemitic attack

Saudi Arabia Starts Oil Output Cuts as Shut Hormuz Fills Storage  Bloomberg

Yardeni Raises Odds of US Market Meltdown to 35% on Iran War  Yahoo Finance

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LIEGE, Belgium, March 9 (Reuters) - An explosion hit a synagogue in the Belgian city of Liege early on Monday in what authorities said was an antisemitic attack that caused damage but no injuries. The explosion, which happened around 4 a.m. (0300 GMT), blew out the windows of the synagogue, as well as those of a building on the opposite side of the road, public broadcaster RTBF said. The cause was not clear, but prosecutors said the case had been passed to federal authorities, which normally investigate incidents linked to terrorism or organised crime.

By Sarah Young LONDON, March 9 (Reuters) - A planned visit by King Charles to the United States should be cancelled after President Donald Trump repeatedly insulted Britain, the leader of the country's third-biggest party in parliament said on Monday. Trump has repeatedly criticised Prime Minister Keir Starmer after London initially blocked the U.S. from using British bases to attack Iran, saying he was "not Winston Churchill" and that Starmer had helped to "ruin" the so-called Special Relationship between the two countries.

By Nathan Layne and Aleksandra Michalska MANCHESTER, New Hampshire, March 9 (Reuters) - In a college library lined with volumes on America's greatest presidents, six young men who voted for Donald Trump gathered to size up his second term. Their verdicts ranged from guarded approval to disappointment, reflecting growing tension in a demographic that helped propel Trump to victory in 2024.