News

Iran launches new attacks on Israel and Gulf countries  FOX 8 News

Israeli army says it launched barrage of attacks on Iran The Israeli military announced a new wave of strikes on Tehran. Meanwhile, Iranian media reported that air defences south east of the Iranian capital have been activated.

The US and Israel went to war with Iran, but the UAE is paying the price. Here’s why  CNN

TEHRAN, Mar. 10 (MNA) – Iran’s ambassador and permanent representative to the United Nations has warned attacks by the United States and Israeli regime targeting the country have created a considerably dangerous situation for civilians.

Israel assault on Hezbollah will continue even if Iran war ends  The New Arab

How the Middle East war could spark a recession  CNN

The rarely seen Mojtaba Khamenei is a surprise appointment, but his accession is above all a statement of defiance When Mojtaba Khamenei was named Iran’s new supreme leader, many observers reacted with surprise. For decades, the son of Ayatollah Ali Khamenei had been a shadowy figure in Iranian politics, rarely seen in public and almost never heard speaking. He has never given interviews, has held no elected office and appears publicly only on rare ceremonial occasions. Even among political insiders, knowledge of his views is fragmentary. What little is known about him consists of scattered anecdotes: brief involvement in the Iran-Iraq war as a young man, occasional appearances in political circles and a long association with figures inside Iran’s security establishment. Continue reading...

From energy to food, all of life’s essentials are about to get even more expensive. But just knowing that won’t pay the bills As soon as the attacks on Iran started, the warnings commenced: “Get ready for price shocks. Get ready for the oil price to spike. Oh, no need to get ready – it’s already hit $100 a barrel. Get ready for Russia to claw some circuitous but massive advantage from the fact that everything is on fire, get ready for energy bills to go up.” By about day five, experts were explaining how to lock in your current tariff except, whoops, given the global instability, those tariffs were no longer available. If it felt mercenary to worry about your unit price as people were dying, that’s because it was; but considerations of human decency and proportionality aren’t going to arrest the trajectory of life getting more expensive. Get ready for everything to feed into everything else: rising petrol prices to lead to food inflation, food inflation to lead to stuff inflation. Get ready for wages to be unequal to the cost of living, get ready not to complain about it because you’re lucky to have a wage. Get ready for stock exchanges to crash, get ready to not be entirely sure what scale of economic disaster you’re looking at. Continue reading...

Iran war rages as Pentagon says about 140 U.S. service members wounded overall  CBS News

Kremlin says Putin’s proposals to mediate Iran war are still on the table  The Times of Israel

Video shows the moment an Iranian missile struck central Israel, part of a barrage that killed two people.

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Iran War Forces Japanese Auto-Parts Suppliers to Turn to Rusal  Bloomberg

Live updates: Iran fires drones toward Saudi Arabia and Kuwait  AP News

Iran launches attack on Israel; women’s soccer team given asylum: Latest on the war today  AL.com

Dem divisions emerge on Iran war powers  Punchbowl News

Oil prices dive as Trump says Iran war will end ‘very soon’  CNN

War in Middle East exposes Europe's energy 'vulnerability', EU chief says EU chief Ursula von der Leyen on Tuesday expressed that the conflict in the Middle East had exposed Europe's "vulnerability" and dependence on fossil fuels. "For fossil fuels, we are completely dependent on expensive and volatile imports. They are putting us at a structural disadvantage to other regions," she said at the opening of a nuclear energy summit in Paris. The EU chief also indicated that Europe turning away from nuclear energy was a "strategic mistake".

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Here are the latest economic events in the Middle East war on Tuesday: - Markets recover - Asian and European stock markets rallied, although Wall Street opened flat after US President Donald Trump signalled that the US-Israel war on Iran was "going to be ended soon". - Energy prices slide back - World oil prices dropped by around seven percent and European natural gas prices plunged after Trump's comments.