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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.
Humanitarian needs in Iran are growing sharply due to the war, the Red Cross said Tuesday as it launched an emergency appeal for more than $50 million. The International Federation of Red Cross and Red Crescent Societies said its appeal for 40 million Swiss francs ($51.5 million) would help support five million people through the next 16 months. "Across the country, communities are facing growing humanitarian needs related to health care, shelter, water and sanitation, and mental health and psychosocial support," the IFRC said.
Russian and Ukrainian officials are making contradictory claims of battlefield successes in their 4-year-old war
Iran’s Strategy in the Ramadan War: Control of the Strait of Hormuz and Global Impacts WANA News Agency
Human Rights Watch says drone strikes by Haitian forces kill more than 1,200 people in, near Port-au-Prince since 2025.
Turkish foreign minister warns Iranian counterpart from violating Istanbul's airspace Turkish Foreign Minister Hakan Fidan told his Iranian counterpart that violating Istanbul's airspace by Tehran's ballistic missiles was unacceptable, according to Reuters citing a Turkish foreign ministry source. The source added that Abbas Araqchi notified Fidan that Iran conducted a wide investigation into the missiles that landed in Turkey. In response, Fidan reiterated Turkey's demand for all sides to refrain from putting its civilians at risk, adding that Ankara would take measures against strikes targeting it.
Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday Middle East crisis – live updates Only two vessels not linked to Iran or Russia have made the “chicken run” through the strait of Hormuz since Donald Trump said he would “ensure the free flow of energy to the world”, according to maritime records. One of those that braved the journey since the US president’s announcement of emergency measures on Friday went “dark” by switching off its transponder and a second signalled it was Chinese owned and crewed. Continue reading...
On one app, bets related to the Iran war total £393 million
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Panama Canal chief reveals logistical capabilities as Strait of Hormuz is stalled by Iran conflict Fox Business
TEHRAN, Mar. 10 (MNA) – The chairman of the Economic Commission of Iranian parliament says there is currently no shortage offoodstuff and goods in any part of the country.
Israel’s Gaza problem persists despite focus on Iran The Jerusalem Post
Military says troops killed gunmen during ground operations; Syria says army posts targeted by artillery shells from Lebanon The post IDF hits Hezbollah command centers and finance body as rockets fly at northern Israel appeared first on The Times of Israel.
Donald Trump called the war on Iran a “short-term excursion”, saying the US already achieved “tremendous success”.
Gas, oil prices worry GOP as Trump floats taking over Strait of Hormuz The Hill
Iran Names Khamenei’s Son New Supreme Leader The New York Times
Live Updates: Trump Sends Mixed Signals On When Iran War Might End The New York Times