Kuwait says fire broke out after Iranian attack on giant tanker and warns of possible oil spill in surrounding watersHello and welcome to our continuing live coverage of the US-Israel war on Iran and its impact on the region, the world and the global economy.Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Monday while Donald Trump warned the US would obliterate Iran’s energy plants and oil wells if it did not open the strait of Hormuz.Blasts were heard in Tehran and power cuts hit some areas of the capital, Iranian media reported on Tuesday. Israel earlier carried out missile strikes on what it called military infrastructure in Tehran and infrastructure used by Iran-backed Hezbollah in Beirut, leaving black smoke hanging over the Lebanese capital.Two successive Iranian missile launches targeted central Israel, the Times of Israel reported, quoting the emergency service as saying it had not received any reports of injuries.Turkey reported a ballistic missile launched from Iran had entered Turkish airspace before being shot down by Nato air and missile defences.Oil prices were headed on Tuesday for a record monthly rise while Asian shares were headed for their steepest fall since 2022, capping a tumultuous month as the war fanned fears of higher inflation and slower growth. Bonds were headed for their largest decline in months, while the dollar recorded its strongest gain in eight months.The US national average retail price of fuel crossed $4 a gallon for the first time in more than three years on Monday, data from price-tracking service GasBuddy showed, as tightening global supplies pushed US crude prices above $101 a barrel.Three UN peacekeepers from Indonesia were killed in two separate incidents in southern Lebanon.Thousands of soldiers from the US Army’s elite 82nd Airborne Division have started arriving in the Middle East, two US officials told Reuters. , as part of a reinforcement that would expand Trump’s options to include the deployment of forces inside Iranian territory, even as he pursues talks with Tehran.The White House later said talks with Iran were progressing and Trump wanted to reach a deal with Tehran before a 6 April deadline he set last week after extending an earlier deadline he had set for Iran to open the largely blocked strait of Hormuz oil route.Trump had told aides he is willing to end the military campaign against Iran even if the strait or Hormuz remains largely closed and leave a complex operation to reopen it for a later date, the Wall Street Journal later reported.Iran said on Monday it had received US peace proposals via intermediaries and that they were “unrealistic, illogical and excessive”. Continue reading...
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• The UN Security Council is conducting its monthly debate on Syria as Secretary-General António Guterres travels to Damascus. • The session occurs amid reports of an Israeli attack in occupied territory and ongoing tensions regarding the US-Iran war.
Read original · news.un.org
UN News• The Houthis have announced a naval blockade against Saudi Arabia, threatening to disrupt maritime traffic in the region. • This escalation risks expanding the existing shipping crisis in the Middle East, potentially impacting global trade and energy security.
Read original · understandingwar.org
Institute for the Study of War• The Middle East conflict is creating significant economic uncertainty for Pakistan, threatening to disrupt the country's fragile macroeconomic stability. • Key risks include fueling sticky inflation, widening external financial pressures, and increasing volatility in global energy prices.
Read original · tribune.com.pk• The United States and Iran have entered their 10th day of renewed fighting, with ongoing attacks across the Middle East threatening to derail diplomatic efforts. • Iranian Interior Minister Eskandar Momeni visited Pakistan, which is serving as a key mediator, in an attempt to salvage a collapsed interim deal between the two nations.
Read original · bdtonline.com• The head of the International Fund for Agricultural Development (IFAD) warned that ongoing conflicts and energy market disruptions are threatening global progress in the fight against hunger. • These instabilities are driving up the costs of essential commodities, including fuel, fertilizer, and food, which could push millions more people into food insecurity.
Read original · independent.co.uk
The Independent• Azerbaijan's president confirmed that clandestine talks between German and Russian officials recently took place in Baku. • The meetings occur as Azerbaijan continues to balance relations by providing humanitarian aid to Ukraine while refusing to join Western sanctions against Russia.
Read original · globalbankingandfinance.com• Iran has declared that military operations will persist until a sufficient level of deterrence is established to prevent further attacks. • US Secretary of State Marco Rubio stated that Washington remains open to diplomatic solutions, though he noted that recent Iranian missile and drone strikes are hindering progress.
Read original · aljazeera.com• UN Secretary-General António Guterres has called for increased diplomatic efforts and restraint to end the escalating conflict between the US and Iran. • The conflict has spread across ten nations, including Saudi Arabia, Iraq, and the UAE, leading to attacks on vital infrastructure.
Read original · news.un.org
UN News• The conflict in Yemen continues to be exacerbated by the Southern Transitional Council's (STC) renewed demands for an independent southern state and a surge in attacks by al-Qaeda in the Arabian Peninsula (AQAP). • A severe humanitarian crisis persists, with 21.6 million people requiring urgent aid, including 11 million children.
Read original · cfr.org• The World Peace Forum in Islamabad recently recognized Pakistan's proactive regional diplomacy, with international speakers praising the country's efforts to foster stability. • Senator Mushahid Hussain urged the establishment of a new "World Order" led by the Global South to challenge existing geopolitical imbalances.
Read original · nation.com.pk• Iran-backed Houthi rebels have expanded their conflict by implementing a blockade on Saudi ships in the Red Sea. • This escalation follows a series of military actions, including the U.S. launching strikes against Iran for the 10th consecutive night.
Read original · nytimes.com• Iran has launched a series of attacks targeting Bahrain, Kuwait, Jordan, and a vessel in the Strait of Hormuz, marking a significant escalation in regional conflict. • The offensive has resulted in the deaths of at least 3 U.S. service members and left dozens of others wounded.
Read original · cbsnews.com