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US responsible for deadly strike on Iranian school, inquiry says  Euronews.com

Iran has set ablaze two tankers in Iraqi waters as it increased attacks on oil and transport facilities across the Middle East Iran escalates attacks on infrastructure and transport across the Gulf How have you been affected by the latest Middle East events? The Australian government has announced a temporary downgrade in the country’s fuel quality standards, a move designed to put an extra 100m litres a month into the system. Federal energy minister Chris Bowen told parliament that in order to assist with putting downward pressure on prices, the government would allow a 60-day change to allow higher sulfur levels in fuel. While Australian fuel consumption has not changed, this will help relieve pressure on distribution chains disrupted by elevated demand. The government has been unequivocal – this additional supply must help the people who need it, including farmers, fishers and regional communities. Continue reading...

Why Oil Pushed Past $100 A Barrel Despite Historical Release Of Reserves  NDTV

JAKARTA, March 12 (Reuters) - Indonesia and Australia are planning to expand their security cooperation to include Japan and Papua New Guinea, Jakarta's Defence Minister said on Thursday after a meeting with his Australian counterpart.

German Foreign Minister Wadephul in Israel: Berlin backs US-Israeli escalation of war in the Middle East  World Socialist Web Site

Supertankers rush to Red Sea port as Iran war chokes Gulf oil exports  Financial Times

Trump’s Iran folly is handing Xi Jinping weapons in the trade war  Financial Times

An Israeli strike on central Beirut's seafront killed eight people on Thursday, Lebanon's health ministry said, as Israel threatened to expand operations and seize territory if Hezbollah does not stop its attacks. After Hezbollah announced a new operation against Israel on Wednesday night, Israeli Defence Minister Israel Katz said the following day he ordered troops to "prepare for expanding" attacks in Lebanon.

An Israeli strike on central Beirut's seafront killed eight people early on Thursday, Lebanon's health ministry said, another attack in the heart of the capital, as Iran-backed Hezbollah launched more missiles at Israel. The Israeli military said separately it had carried out strikes on Beirut's southern suburbs overnight against Hezbollah, which had announced a major new operation against Israel. In a statement, the Lebanese health ministry said "the Israeli enemy strike on Ramlet al-Bayda" in the centre of Beirut killed eight people and wounded 31.

Lebanon said an Israeli strike on central Beirut's seafront killed at least seven people early on Thursday, another attack in the heart of the capital as Iran-backed Hezbollah launched more missiles at Israel. The Israeli military said separately it had carried out strikes on Beirut's southern suburbs overnight against Hezbollah, which had announced a major new operation against Israel. Local media aired footage showing smoke rising along the seaside road area after the strike in central Beirut, which state-run National News Agency (NNA) said targeted a car.

Military briefing: the closest US-Israel war yet  Financial Times

The Iran war’s shadow front: Iraq  Financial Times

Foreign Stocks Are Reeling From the Iran War. Buying the Dip Could Pay Off With These Companies and Funds.  Barron's

Iran war has blocked the Strait of Hormuz, a vital oil choke point. Reopening it is a big challenge  Messenger-Inquirer

US-Israel war on Iran Day 13: Trump pledges to end war amid ongoing attacks on Gulf nations  Gulf News

Iran war: Fuel prices jump as Iran steps up shipping attacks  dw.com

US Israel Iran War Latest Update: Israel Launches ‘Wide-Scale’ Attacks on Tehran and Beirut After Iran Missile Attack  The Sunday Guardian

TEHRAN, Mar. 12 (MNA) – Iranian Parliament Speaker Mohammad Bagher Ghalibaf has rejected US assertions that Washington destroyed Tehran's missile capabilities, saying Iran can now precisely target any location with fewer projectiles.

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