News

Macron bolstering French military presence, drone and missile defenses around Cyprus ahead of talks with Cypriot and Greek leaders The post Macron heads to Cyprus as Europe rallies around island after drone attack appeared first on The Times of Israel.

Surge in energy prices causing rationing and closure of petrol pumps in import-dependent South Asia

Video: Drones hit Bahrain’s Bapco oil refinery Drones hit Bahrain’s Bapco refinery early Monday, sending plumes of smoke over the Gulf’s oldest oil facility and damaging parts of the complex. The strikes also affected nearby residential areas, injuring 32 civilians, with four in serious condition. The attack comes as the regional conflict moves towards directly threatening vital energy infrastructure across the region. Drones hit Bahrain’s Bapco refinery early Monday, sending plumes of smoke over the Gulf’s oldest oil facility and damaging parts of the complex. pic.twitter.com/Uld2GDlpxU March 9, 2026

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March 9 (Reuters) - Iran had sought India's permission for three of its ships to dock at its ports, which was granted on March 1, India's foreign minister said on Monday, adding that the government believed that it was the "right thing to do". One of the three ships docked at India's southern port of Kochi on March 4 and its crew was at Indian naval facilities, Subrahmanyam Jaishankar told parliament on Monday. (Reporting by Shilpa Jamkhandikar; Editing by Jacqueline Wong)

2 die in Saudi Arabia, reportedly first deaths since Iran conflict started  nhk.or.jp

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Governments scramble to limit fallout of Iran war as oil prices surge  Reuters

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Crude oil prices spike above $115 a barrel as the Iran war impedes production and shipping  AP News

Finance ministers of G7 nations to hold emergency talks on releasing oil reserves Finance ministers from the G7 nations will hold an emergency meeting to discuss releasing strategic oil reserves as global crude prices surge, the Financial Times reported, citing sources. The move is being considered to stabilise energy markets amid disruptions linked to the widening Middle East conflict. US officials reportedly believe that releasing between 300 million and 400 million barrels from strategic reserves could help ease supply pressures and calm volatile markets. The discussions come as oil prices have spiked sharply and fears grow over disruptions to ships through the Strait of Hormuz.

Pakistan Stock Exchange plunges as oil shock rattles global markets Pakistan Stock Exchange benchmark index plunged more than 9,000 points in early trading, which resulted in trade suspension in the market for 45 minutes, local media reported.  The development came amid escalating Middle East tensions, triggering a massive sell-off, the report said, adding that the benchmark index shed a massive 9,780 points in its opening session.  Similar scenes were witnessed in markets across Asia, including Japan, South Korea and India, where the market value of shares fell sharply as the oil shock above $115 rattled global markets.

March 9 (Reuters) - Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world. Following are actions that governments are taking or plan to take to reduce the impact of the war on their economies. SOUTH KOREA PLANS FUEL CAP

One Strait, 20 Million Barrels: Could Hormuz Trigger An Oil Shock Bigger Than 1973?  NDTV

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French President Emmanuel Macron is traveling to Cyprus

Iran war will leave a complex geoeconomic legacy  Financial Times

Which leading economies will pay the biggest price for the Iran war?  Financial Times

March 9 (Reuters) - Ukraine sent interceptor drones and a team of drone experts to protect U.S. military bases in Jordan, President Volodymyr Zelenskiy said in an interview with The New York Times published on Monday. The U.S. made the request for help on Thursday, and the Ukrainian team left the next day, Zelenskiy said adding that it was expected to arrive in the Middle East soon, according to the report. (Reporting by Angela Christy in Bengaluru; Editing by Christian Schmollinger)