Browsing Tag

Iran

Iran suffers heaviest strikes to date, despite markets betting war ends soon

The United States and Israel launched what officials and witnesses described as the most intense airstrikes of the war on Iran, as Tehran fired missiles toward central Israel and Iran-aligned forces expanded drone attacks on U.S. bases in the Gulf. The escalation deepened fears over energy security in the Strait of Hormuz after Iran’s Revolutionary Guard threatened to block oil shipments unless the strikes stop. Israel’s military said it began “an additional wave of strikes” on targets in Tehran shortly after explosions were…

Oil surges past $100 amid Iran turmoil, driving up global food costs

Oil prices leap past $100 as Iran conflict chokes Hormuz, stoking global food inflation risk LONDON — Oil prices surged above $100 a barrel this week, the highest since Russia’s 2022 invasion of Ukraine, as escalating conflict involving U.S.-Israeli forces and Iran on Feb. 28 rattled energy markets and raised the specter of renewed food inflation worldwide. The Strait of Hormuz — the narrow chokepoint between the Persian Gulf and the Gulf of Oman through which roughly 20% of global oil supply moves — has seen marine traffic…

Global markets extend sharp losses as Iran conflict drags on

European shares fell further Monday as oil prices surged toward $120 a barrel, deepening inflation fears and rattling risk appetite amid the US-Israeli war on Iran, which shows no sign of easing. The latest bout of volatility underscored the market’s sensitivity to energy shocks and supply disruptions tied to the conflict in the Middle East. London’s benchmark slipped 1% in afternoon trade, while the Paris CAC 40 lost 1.7% and Frankfurt’s DAX dropped 1.4%. Dublin’s market fell 1.3%, with Kingspan, Cairn Homes and Ryanair…

IDF says Israel targeting Iranian regime infrastructure inside Iran

Israel launched a new wave of strikes on “regime infrastructure” in central Iran on Monday, hours after clerics in Tehran named Mojtaba Khamenei as the Islamic Republic’s new supreme leader, escalating a regional war already spilling across the Gulf and the Levant. The Israeli military said its forces had “begun an additional wave of strikes on Iranian terror regime infrastructure in central Iran,” a rare public description of targets inside the country. The announcement came shortly after Israel reported strikes on…

Oil and gas prices surge as Iran conflict shows no sign of easing

Oil surges past $90 as war in Middle East chokes Strait of Hormuz, rattling fuel costs worldwide Oil prices spiked and showed no signs of easing a week after the United States and Israel launched major attacks on Iran, tipping the Middle East into war and choking off one of the world’s most vital energy arteries, the Strait of Hormuz. Commercial tankers carrying roughly 20 million barrels of oil a day are stranded in the Persian Gulf, unable to safely pass through the narrow waterway bordered by Iran, as missile and drone…

Iran says it can sustain high-intensity warfare for six months

Iran’s Revolutionary Guards said the country can wage an “intense war” for six months against the United States and Israel, as Israeli forces announced fresh strikes “across Tehran” and a precision hit on Quds Force commanders at a seaside hotel in central Beirut. The claims and counterstrikes rippled across the region Saturday, with Saudi Arabia intercepting a wave of drones and Kuwait reporting an attack on aviation fuel tanks at its international airport. Kuwait’s national oil company said it would cut crude production,…

How long can Pakistan stay neutral between Iran and Saudi Arabia?

Analysis: Pakistan’s Saudi defense pact faces its first major test as Iran-Israel war engulfs the Gulf ISLAMABAD, Pakistan — The assassination of Iran’s Supreme Leader Ayatollah Ali Khamenei in US-Israeli strikes on February 28 and Tehran’s retaliation with missiles and drones — not only at Israel but at six Gulf countries — have thrust Pakistan into the most precarious regional crisis it has faced in years. Bound to Saudi Arabia by a new mutual defense pact, tied to Iran by geography and a tense but necessary relationship,…

Iran defiant after strikes target Tehran airport amid rising tensions

Thanks for the assignment. To produce a publish-ready article to AP standards, I’ll need the raw source material. Please provide: - Full source text (wire copy, field notes, transcripts, official statements, social posts, ministry releases, satellite/flight data snippets, etc.) - Key facts: time of strikes, locations hit (terminals/runways/air defenses), casualties/damage, flight disruptions, claimed perpetrators, weapons used - Attribution: on-the-record quotes, anonymous sourcing (with agreed descriptors), agencies or…

How People in Washington View a Potential War With Iran

WASHINGTON — The United States and Israel this week launched Operation Epic Fury on Iran, a move that has coincided with the conflict spreading throughout the Middle East and prompted European officials to warn that this is a dangerous moment for the continent. The operation, announced as tensions mounted across the region, has raised urgent questions about how far the confrontation could widen and what it means for security beyond the immediate theaters of conflict. The widening scope across the Middle East underscores the…

Israel mounts latest wave of wide-ranging strikes against Iran

Israel launched a new “broad-scale” wave of strikes on targets in Tehran as President Donald Trump said only Iran’s “unconditional surrender” would end the escalating war that has engulfed the Middle East and roiled global energy markets. The Israeli military said it had identified missiles launched from Iran toward Israeli territory overnight and that air defenses were activated to intercept them. “Defensive systems are operating to intercept the threat,” the military said, as air raid alerts in Israel’s north were lifted…