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By Sam Tabahriti and Sarah Young LONDON, March 9 (Reuters) - Britain wants major economies to agree to release emergency oil reserves as the escalating Iranian crisis sends energy prices soaring and increases the risk of higher inflation, finance minister Rachel Reeves said on Monday. British borrowing costs have soared since the conflict erupted more than a week ago, and by more than those of other European countries and the U.S., as investors fear that surging oil and gas prices will stoke already stubborn inflation and require the government to borrow more.

With new supreme leader’s strong connections to the IRGC, critics fear worse is to come – if he survives At around midday, even as airstrikes hit several parts of the capital, large crowds gathered in Tehran’s famous Enghelab Square to chant their allegiance to Iran’s new supreme leader. Carrying banners showing the face of the country’s slain leader, Ayatollah Ali Khamenei, people on Monday held a new portrait – that of his son and successor, Mojtaba Khamenei. Continue reading...

French president says attack on island is ‘an attack on Europe’ as EU states send military support Middle East crisis – live updates Emmanuel Macron has vowed that Europe will do whatever it takes to stand by Cyprus, the continent’s first state to be directly affected by the Iran war. In the strongest show yet of solidarity towards the EU member closest to the Middle East, Macron likened the attacks, which included a drone strike against a British base on the eastern Mediterranean island, to an attack on Europe. Continue reading...

Social media company tells MPs of continual fight against state-backed efforts, with Russia being most prolific Elon Musk’s X said it had suspended 800m accounts over a 12-month period as it fights the “massive” scale of attempts to manipulate the platform. The social media company told MPs it was continually fighting state-backed attempts to hijack the agenda on its network, with Russia the most prolific state actor, followed by Iran and China. Continue reading...

Some leaders see powerful argument for renewable energy as Iran war shakes markets  PBS

Trump Gaza peace talks stall as US-Israel war with Iran expands | Daily Sabah  Daily Sabah

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Israel says it struck multiple Iranian government-linked sites The Israeli military said its air force carried out another wave of strikes across Iran. In a statement posted on X, the military said dozens of sites linked to the Iranian government were hit, including what it described as a headquarters used by the Islamic Revolutionary Guard Corps for drone operations. The military said drones had previously been launched from the site towards Israel and that additional drones stored there were preparing for launch. Several drone storage facilities and air defence systems were also targeted.

What Mojtaba Khamenei will do with his leadership is now the key question after he succeeds his father Crowds in Tehran greeted the announcement of the country’s new supreme leader by chanting: “God’s hand is still upon us, Khamenei is still our leader.” As the world economy grinds to a slow halt, Iran is selling the elevation of Mojtaba Khamenei as a sign of reassuring continuity for a country determined to show its defiance of the west. Yet in reality he injects a new unpredictable, even mysterious, element into the Middle East crisis, since just as he is unknown to Washington, so he is a figure of deep obscurity to ordinary Iranians. By contrast, the first supreme leader Ruhollah Khomeini led Iran to revolution in 1979 and the second, Mojtaba’s father Ali Khamenei, had been president for eight years before he was chosen by the Assembly of Experts within a day of Khomenei’s death. Continue reading...

‘I demand that the producers of this disgusting and juvenile war porn remove my voice immediately,’ Steve Downes, voice of Master Chief, says

Big questions remain about the Iran war as it barrels into week two

Critical infrastructure forced to shut down due to missile, drone strikes and threats to shipping routes, driving international benchmark Brent crude up to almost $103 on Monday The post Iran war puts at risk key infrastructure that supplies world’s oil and gas appeared first on The Times of Israel.

Continue reading...

French, Greek, and Cypriot leaders announce mission to protect maritime traffic, reopen strait after conflict's 'hottest phase' is over; Dutch send a frigate at Paris's request The post Macron says France, allies preparing ‘defensive’ mission to reopen Strait of Hormuz appeared first on The Times of Israel.

President Trump told reporters ‘unconditional surrender’ would mean the destruction of the Iranian military

JPMorgan says the S&P 500 could tumble 10% into a correction if the Iran war rages on  Business Insider

Hezbollah claims attacks on Israeli military site and troops Hezbollah said it targeted a satellite communications station used by the Israeli army in the Ellah Valley, about 160km from the Lebanese border. The group said the facility was struck with a barrage of what it described as sophisticated missiles. In a separate statement, Hezbollah also said it launched rockets at Israeli soldiers near the border, targeting a gathering of troops near the Lebanese town of Mays al-Jabal at 17:00 local time.

Tedros Adhanom Ghebreyesus says children, the elderly at particular risk after damage to Iranian petroleum facilities.