Iran

Spain plans a sharp cut to its value-added tax on fuel, dropping it to 10% from 21% to soften the economic fallout of the Middle East conflict, SER radio reported, citing sources familiar with the plans. Madrid also intends to suspend the excise duty on hydrocarbons, a step that would immediately trim the price of diesel and petrol by between 0.30c and 0.40c per litre, the SER report said. The government will also scrap the 5% tax on electricity consumption, according to the report. A government spokesperson declined to…

Israel unleashed another barrage on Tehran this morning, hours after Prime Minister Benjamin Netanyahu declared Iran was being "decimated," even as fresh attacks rattled Gulf states. The Iranian capital, pummeled on an almost daily basis since a joint U.S.-Israeli operation ignited the war on 28 February, was struck in raids the Israeli military said were "targeting infrastructure of the Iranian terror regime". The strikes followed Mr Netanyahu’s assertion that the conflict, approaching its fourth week, had wiped out the…

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Katya AdlerEurope EditorThursday March 19, 2026 Turbulence in the Middle East has sent a fresh shudder through Europe’s energy system, stirring memories of past shocks that rattled the European Union. Seven months after Russia launched its full-scale invasion of Ukraine in February 2022, the President of the European Commission rose in the European Parliament to charge Moscow with distorting the EU’s energy market. "They prefer to flare the gas than to deliver it," proclaimed Ursula von der Leyen, as spiralling energy…

Thursday March 19, 2026 QatarEnergy's liquefied natural gas production facilities at Ras Laffan Industrial City Iranian missile strikes on Qatar’s flagship Ras Laffan Industrial City, the country’s main gas hub, left “significant damage,” authorities said. “The State of Qatar expresses its strong condemnation and denunciation of the blatant Iranian attack targeting Ras Laffan Industrial City, which caused fires resulting in significant damage to the facility,” Qatar’s Ministry of Foreign Affairs said in a statement on…

Saudi Arabia warns Iran after attacks on world’s largest LNG hub RIYADH, Saudi Arabia — Saudi Arabia’s top diplomat delivered a blunt ultimatum to Tehran on Thursday, saying the kingdom and fellow Gulf states have only "limited" patience for further Iranian attacks and urging Iran to immediately "recalculate" its regional strategy. Foreign Minister Prince Faisal bin Farhan Al Saud, speaking at a news conference following a summit of Arab and Islamic leaders, said Gulf nations possess "very significant capacities and…

Wednesday March 18, 2026 Iran confirmed Tuesday that Ali Larijani — a senior security power broker and a pillar of conservative politics within the Islamic Republic — was killed in an Israeli strike. He was 67. After U.S. and Israeli strikes late last month that killed Iran’s supreme leader and broadened the conflict, Larijani was widely viewed as the de facto manager of state affairs. Israel announced earlier Tuesday that it had killed Larijani; Tehran waited several hours before acknowledging his death. He had been tapped…

Iran’s foreign minister said the killing of Ali Larijani will not destabilize the country’s leadership or governing system. Iranian Foreign Minister Abbas Araghchi said Wednesday that the assassination of Ali Larijani, secretary of the Supreme National Security Council, would not shake the leadership or the system that, he said, the United States and Israel aim to dismantle. He spoke in an interview with Al Jazeera that aired after Iranian authorities confirmed Larijani’s death. Araghchi said Washington and Jerusalem have…

Iran launches missile strike on Tel Aviv; two reported dead Iranian state TV said Tehran fired missiles with cluster warheads at Tel Aviv overnight in retaliation for the killing of security chief Ali Larijani, with at least two people reported dead in the city. By Abdiwahab AhmedAxadle Times international–Monitoring Iran targeted Tel Aviv with missiles carrying cluster warheads, Iranian state television reported, describing the attack as retaliation for what Tehran called Israel’s assassination of Ali Larijani, Iran’s…

Iran has said that traffic through a major strait is still not back to normal, but details remain scarce. In a brief update, officials didn’t specify which waterway they were referring to—though disruptions in routes like the Strait of Hormuz often raise immediate concerns due to their global importance. There was also no explanation of what caused the situation or how long it might last. So far, there’s little clarity on how this could affect shipping or military movement in the region. The source of the statement…