News

Iran war has caused the biggest oil disruption in history, IEA says  Fortune

How the war in Iran is putting vital water resources in jeopardy  The Christian Science Monitor

Higher prices and availability, due to the closure of the Strait of Hormuz, are raising food security concerns globally as well as in the Middle East.

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Exclusive: Iran allows two gas tankers to sail to India through Hormuz, sources say  Reuters

By Nazih Osseiran and Catherine Cartier BEIRUT, March 13 (Reuters) - The United Nations launched a $325 million flash appeal on Friday to help Lebanon cope with the fallout of a war that has forced more than a seventh of its population from their homes. "Solidarity in words must be matched by solidarity in action," U.N. Secretary-General Antonio Guterres said as he announced the campaign from Beirut.

President Donald Trump said in an interview aired Friday that American forces would strike Iranian targets "very hard" in the coming days, signaling an intensification of the US-Israeli campaign as the war in the Middle East approaches its third week. Washington and its ally launched the offensive on February 28 with strikes that killed Iran's supreme leader Ali Khamenei, triggering a widening regional war that has rattled global energy markets and drawn missile and drone attacks across the Gulf.

The pub chain has warned over profits due to higher than expected costs and experts fear the Iran war could compound its woes.

US confirms six killed in aircraft crash over Iraq The US military has confirmed the deaths of all six crew members aboard a refuelling jet that crashed in western Iraq. US Central Command stressed in a social media post that the incident was “not due to hostile fire or friendly fire", and that the circumstances of the crash were still under investigation. It added that the crew's identities would be withheld until 24 hours after their families are notified.

Experts say Trump's decision to sue over his leaked tax returns risks putting him in charge of arranging his own payout.

By Idrees Ali and Phil Stewart WASHINGTON, March 13 (Reuters) - All six crew members aboard a U.S. military refueling aircraft that crashed in western Iraq are confirmed to have been killed, the U.S. military said on Friday. A U.S. military refueling aircraft crashed in western Iraq on Thursday, in an incident the military said involved another aircraft but was not the result of hostile or friendly fire. The deaths add to the seven U.S. service members who have already been killed as part of U.S. operations against Iran which began on February 28.

European countries ought to have discussions on whether private actors should help defend critical infrastructure, a researcher told AFP, noting that Iran's use of cheap long-range drones has illustrated shortcomings of air defence systems. Fabian Hoffmann, a doctoral research fellow at the University of Oslo, told AFP that especially in places like northern Europe with its wide expanses, protecting critical infrastructure like oil platforms and data centres in remote places could be challenging.

The Iran War Is Throwing Global Shipping Into Chaos  WIRED

Iran's All-or-Nothing Game in the Strait of Hormuz  Crude Oil Prices Today | OilPrice.com

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For thousands of workers in Dubai's tourism sector, the Middle East war has brought business to a standstill -- leaving their income suddenly at risk. At the famous Jumeirah Beach Residence (JBR), normally heaving with visitors, rows of sun loungers now face an almost empty sea. Restaurant terraces sit deserted, while souvenir, watersports and perfume vendors watch for the rare passerby. Across the water, Ain Dubai -- the world's tallest Ferris wheel -- has stopped turning, and the Madame Tussauds wax museum below is drawing few visitors despite hefty discounts.