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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

Iran Security Chief Dismisses Trump Warning Over Strait of Hormuz Oil Flow  Kurdistan24

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Strait of Hormuz disruptions: Implications for global trade and development |  UN Trade and Development (UNCTAD)

The UK’s largest household energy supplier said it has increased fixed-price tariffs and introduced exit fees amid higher wholesale prices.

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

Iranian attacks affect global economy, says Qatari Foreign Ministry spokesman The Qatari Foreign Ministry spokesman Majid al-Ansari said that "repelling and dealing" with Iranian attacks are now a priority.  "Iranian attacks affect the Qatari economy and the global economy as a whole," he was quoted as saying by Al Jazeera, adding that while Doha believes in diplomacy, any attack with be dealt with.  "This is an attack on us, our citizens, and our facilities, and it cannot be accepted," Ansari said. "We were optimistic about the Iranian president's apology, but then we saw an attack on the UAE, Bahrain, and Qatar."

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

UKMTO reports loud bang near vessel 36 natuical miles from UAE An incident was reported 36 nautical miles north of UAE's Abu Dhabi on Tuesday, the United Kingdom Maritime Trade Operations (UKMTO) said.  The master of a vessel reported a splash and a loud bang in close proximity to a bulk carrier.

NEW DELHI, March 10 (Reuters) - A second Iranian ship is currently nine nautical miles from Sri Lanka's coast, a spokesperson for Sri Lanka's cabinet said on Tuesday, adding that it would eventually be moved. (Reporting by Uditha Jayasinghe, writing by Hritam Mukherjee; Editing by YP Rajesh)

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Dem divisions emerge on Iran war powers  Punchbowl News

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

Trump 'not happy' with Iran's choice of Mojtaba Khamenei as new supreme leader  Fox News