Articles about Conflict

Washington-based fund says rising energy and food costs will hit economies worldwide and could leave lasting scarsThe International Monetary Fund has warned that “all roads lead to higher prices and slower growth worldwide” should the conflict in the Middle East continue to throttle the amount of oil, gas and fertiliser making its way out of the Gulf.In a stark message that countries on all continents will be affected, the Washington-based organisation said a rise in energy and food costs would harm economic growth this year and could leave lasting scars on the global economy. Continue reading...

Fresh Houthi attacks on Red Sea shipping would be devastating – but the Iranian proxy has reasons to be cautiousThe true significance of the long-awaited entry of Yemen’s Houthis into the Iran war depends on whether the Tehran-backed proxy group is intending to send a few missiles and drones from a distance towards Israel or will instead capitalise on its proximity to the narrow Bab al-Mandab strait to effectively close off the Red Sea to shipping, just as Iran has effectively shut the strait of Hormuz.The combined effect of both waterways being shut to commercial traffic from countries that neither the Iranians nor Houthis favour would be devastating. Napoleon Bonaparte’s remark that “the policy of a state lies in its geography” has never seemed more apt. Continue reading...

• Secretary of State Marco Rubio stated the US conflict with Iran would extend another two to four weeks, while signaling no immediate plans for a ground operation into Iranian territory. • Rubio identified preventing Iran from imposing tolls on ships crossing the Strait of Hormuz as the biggest post-conflict challenge, characterizing such action as illegal and dangerous to global commerce. • The statement comes as the US deploys additional troops to the region following an Iranian missile and drone attack that injured 12 American service members at a Saudi base.

Escalation represents dangerous spread of war and brings threat of even more damage to the global economyMiddle East crisis – live updatesParents of Iran school bombing victims describe their worst dayThe US-Israeli war with Iran has expanded with the entry of Houthi forces in Yemen, representing a dangerous spread of the conflict and bringing with it the threat of more damage to the global economy.Pakistan has said it would host a meeting of Middle Eastern powers on Monday in an effort to find a regional approach to ending the conflict. But the talks, bringing together foreign ministers from Saudi Arabia, Turkey and Egypt did not appear to include any of the warring parties, casting further doubt on persistent US claims of diplomatic progress. Continue reading...

• The US Pentagon is developing plans for a 'final blow' in the Iran war, involving ground troops and massive bombing, as reported by Axios citing two US officials and knowledgeable sources on March 27, 2026. • US Central Command confirmed an Israeli airstrike killed Iran's IRGC Navy commander, amid escalating naval tensions near the Strait of Hormuz. • The Wall Street Journal revealed considerations for deploying 10,000 additional US troops with armored vehicles to the Middle East, coordinating with existing Marines and the 82nd Airborne Division.

Donald Trump says he was ‘a little surprised’ at Australia’s lack of support, echoing comments from a week beforeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastDonald Trump has taken another swipe at Australia, alongside Nato, the UK and most of the rest of the world, for not getting more involved in the US-Israel war against Iran.At a press conference on Thursday at the White House, the US president was asked to reflect on phone calls with the UK prime minister Keir Starmer. He began by describing Starmer as a “lovely man”. Continue reading...

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this yearThe conflict in the Middle East will damage the UK’s economy more than any other industrialised nation, according to analysis by the Organisation for Economic Cooperation and Development (OECD), which warned over rising inflation.In the first major assessment by a leading international thinktank of the economic impact from the attack on Iran, the OECD said the UK economy would grow by just 0.7% this year, compared with its last forecast, made in December, of 1.2% for 2026. Continue reading...

UK clothing and homeware retailer working on assumption that war could last three monthsBusiness live – latest updatesNext has warned that the war in the Middle East will add £15m to its costs on the assumption it will last three months, adding that prices will have to go up if the conflict persists beyond that.The UK clothing and homeware retailer said it was currently offsetting the additional costs on fuel and air freight with savings elsewhere and it did not expect any affect on profits for the year ahead. Continue reading...

In today’s newsletter: Th​is new war has exposed widening fractures between Israel and its allies, ​and the country finds itself increasingly out of step with global opinionGood morning. Israel may be the only country in the world where there is overwhelming public support for the conflict in Iran. Despite its impact on everyday life in the country – at least 15 people have been killed and hundreds more injured by Iranian missiles since the war started in February, and school closures and missile warnings remain routine – polling puts support for the war at more than 90% among Jewish Israelis.The contrast with the rest of the world is stark. Nearly a month into the fighting, polling shows that 60% of the US public oppose the war with Iran, and just one in four backed the initial strikes. In the Gulf, Europe and Asia, the conflict is widely unpopular, as severe economic consequences already begin to bite.Middle East crisis | Iran dismissed a US ceasefire proposal on Wednesday and countered with a negotiation plan of its own as intermediaries sought to keep diplomatic channels between the warring countries open.Media | Matt Brittin, Google’s former top executive in Europe, has been named the BBC’s next director general. Brittin will replace Tim Davie at a crucial time for the corporation.UK politics | Political donations from British citizens living abroad are to be capped at £100,000 a year, in a move that is likely to limit further funding from Reform UK’s Thailand-based mega-donor, Christopher Harborne.UK news | The former justice minister Crispin Blunt has been fined £1,200 for possessing illegal drugs after he told a court he entered the world of chemsex parties to help inform government policy.Housing | People who lost their homes when a tower block in Dagenham burned down say they are being made to pay for the building’s fire safety works after the government demanded its money back. Continue reading...

Explosions lit up Tehran skyline as Israel launched new airstrikes but by morning joggers were in the parkMiddle East crisis – live updatesThe days after Nowruz, the Persian New Year, are usually a bustling time in Tehran, with spring arriving, trees blossoming, businesses reopening after the holidays, and people returning to work and school.This year, however, Iranians are trying to maintain a semblance of ordinary life against the constant backdrop of explosions, airstrikes – and a conflict many fear may drag on for weeks or months. Continue reading...

• The Trump administration submitted a 15-point ceasefire proposal to Iran on March 25, with details including dismantling of Iranian nuclear capabilities and Iran's commitment never to pursue nuclear weapons, according to Israeli media reports. • President Trump stated the US is in contact with "the right" Iranian interlocutors and that Iran wants to make a deal "so badly," while approximately 290 US service members have been wounded since Operation Epic Fury began against Iran. • The diplomatic initiative has sparked market optimism, with oil prices falling more than 3% and Asian shares gaining on de-escalation hopes, though Iran's military dismissed Washington as not being in a position to negotiate.

• The S&P 500 has fallen 4.7% in March 2026, marking its worst month since March 2025, as investors navigate uncertainty surrounding the Iran conflict following U.S. and Israel airstrikes at the end of February. • The index is down 4.2% year to date and is heading for its first quarterly decline since Q1 2025, with the S&P 500 closing down 0.4% on March 24, the Dow Jones down 0.2%, and the Nasdaq Composite down 0.8%. • DataTrek co-founder Nicholas Colas identified that all three major factors historically responsible for large calendar-year stock market declines are present in 2026, validating investor concerns about market volatility.

• S&P 500 dropped 0.80%, Dow Jones fell 0.83%, and Nasdaq 100 declined 0.98% in early trading on March 24, 2026, amid Middle East tensions. • Crude oil surged over 4% to $91.80, up $3.67, as Iran's parliament speaker Mohammad Bagher Qalibaf denied US negotiations, contradicting President Trump's claims of productive talks. • Citi analysts warn prolonged conflict could push oil to $200 per barrel, heightening inflation fears and pressuring equities.

In today’s newsletter: Our diplomatic editor on how global instability feeds into conflict in so many parts of the world, and whether the threshold for a major global war has been metGood morning. The world is at war. From the trenches of eastern Ukraine to the missile-streaked skies of the Gulf, a growing proportion of humanity is living under the horror of conflict. For some observers, there are gnawing fears that the worst is yet to come. The apparent collapse of the rules-based international order, the irrelevance of institutions designed to uphold it, and the interconnectedness of the fighting have sparked warnings that we could be at the beginning of a third world war. Indeed, half of Britons polled in a recent YouGov survey thought world war three was likely in the next five to 10 years.On Monday, Donald Trump stepped back from deepening the US and Israel’s war with Iran, announcing that he would postpone military strikes on Iranian power plants for a five-day period after “very good and productive conversations” about the end to the fighting. Iran denied this version of events, claiming Trump had been scared off by their threats of attacks on water infrastructure in the Gulf. But, despite calmer stock markets and a sharp drop in the oil price, there is little sign that the fighting is near an end.Middle East | The Israeli military said it had launched a new wave of strikes on Tehran, after Donald Trump signalled a pause in US attacks against energy infrastructure after what he said were productive talks with Iran.UK Politics | Ministers are looking at providing support for household bills next winter, Keir Starmer said, as he suggested the energy price shock unleashed by the Iran conflict could continue for months to come.London | Security agencies are investigating whether a group linked to Iran is behind an arson attack on four ambulances belonging to a Jewish charity in north London.Climate crisis | More countries will face critical food insecurity if world heats up by 2C, analysis shows.New York | The pilot and co-pilot of an Air Canada Express regional jet have been killed after it collided with a fire truck while landing at New York’s LaGuardia airport. Continue reading...

Speaker Mohammad-Bagher Ghalibaf at first dismissed talks took place, insisting Trump’s claim was ‘fake news’ designed to soothe markets Middle East crisis – live updatesThe backchannel talks between Donald Trump’s special envoy, Steve Witkoff, and the Iranian foreign minister, Abbas Araghchi, were not a secret in the sense that the Egyptian Foreign Ministry had tweeted that conversations were under way on Sunday, 24 hours before Donald Trump’s late Monday deadline to start blowing up Iran’s energy infrastructure.But such is the chaos surrounding the process that the discussions – thought to be well short of negotiations – may have lasted longer than Sunday, with more than one mediator, as is often the case, jostling for the title of peacemaker in chief. Pakistan’s army chief, Asim Munir, for instance, spoke with Trump on Sunday, while Pakistani prime minister, Muhammad Shehbaz Sharif, held talks with Iranian president, Masoud Pezeshkian, on Monday. It is possible Pakistan could become the venue for further talks that this time would include JD Vance, the vice-president, a private sceptic about the war. Keir Starmer, the UK prime minister, was right to warn not to bank on an early end to the conflict. Continue reading...

• Brent crude oil prices showed modest gains of approximately 1% despite elevated geopolitical rhetoric, indicating potential underestimation of conflict escalation risks by the energy market. • Energy price volatility is creating supply chain pressures and financial stress for corporations, with rising energy costs cited as a major factor in corporate capacity reduction decisions and market-wide weakness. • The US government's expanding influence over global energy markets reflects efforts to manage price stability and geopolitical risks, with EPA Administrator Lee Zeldin discussing energy policy responses on financial media.

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shockUK politics live – latest updatesMiddle East crisis – live updatesKeir Starmer has promised to look at using “every lever that’s available to the government” to help with the cost of living impacts of the US-Israel war against Iran, ahead of an emergency meeting with senior ministers later on Monday.The prime minister is to chair a meeting of the Cobra committee on Monday afternoon, joining Andrew Bailey, the governor of the Bank of England, as well as Rachel Reeves, the chancellor, and the energy secretary, Ed Miliband, among others, to discuss possible contingency measures. Continue reading...

• The tech-heavy Nasdaq and Dow Jones are on the brink of correction territory, defined as a 10% decline from recent peaks, with investors growing concerned the Iran conflict may cause lasting market damage beyond typical episodes. • All three major stock indexes closed Friday with their fourth consecutive weekly loss: the Dow fell 2.1%, Nasdaq dropped 2.1%, and the S&P 500 tumbled 1.9%, according to FactSet data. • The "TACO trade" (Trump Always Chickens Out), where investors bet Trump will reverse course during market selloffs, is looking increasingly suspect as the conflict deepens, with analysts warning that longer-term resolution becomes harder the deeper the conflict progresses.

• The Dow Jones Industrial Average fell 0.4% or 203.72 points to 46,021.43 on Thursday, marking its lowest close of 2026 and closing below its 200-day moving average, with 22 of 30 components ending in negative territory. • The S&P 500 declined 0.3% to 6,606.49, reflecting its lowest close in four months, while the Nasdaq Composite slipped 0.3% to 22,090.69; all 11 sectors ended in negative territory. • Market weakness was driven by the ongoing Iran conflict and rising Treasury yields, which have climbed amid concerns about energy supply disruptions and inflation, causing traders to abandon bets on interest-rate cuts this year.

• The U.S. and allies intensified operations on March 20, 2026, deploying low-flying attack jets and Apache helicopters to target Iranian naval vessels and drones in the Strait of Hormuz. • Iran's IRGC released video of a U.S. F-35 struck over Iranian airspace, forcing an emergency landing at a U.S. base; Pentagon confirms the $100 million jet incident. • This battle threatens global energy supplies, with oil prices seesawing and predictions of $150-$200 per barrel if unresolved, exacerbating a crisis three weeks into the war.

People struggle to cook and businesses bear brunt as closure of strait of Hormuz slows imports of liquefied petroleum gasFor four days, Maya Rani, 36, has been arriving each morning at a gas distributor’s office in Delhi, her six-month-old daughter in her lap, waiting for hours. And each day she returns home empty-handed, told that a cooking gas cylinder may not be available for at least another week. Around her, the queue keeps growing, people clutching forms and documents, hoping to secure a cylinder.The flame in her kitchen began to fade last week and her husband, as he always does, took their 5kg cylinder to a local refiller. This time, there was nothing. The only option left was to apply for a government-subsidised supply, a process that has meant repeated visits, long waits and no certainty. Continue reading...

Other delivery and transport companies such as Uber, DoorDash and Australia Post are weighing whether to charge moreFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRideshare giant DiDi has raised its prices to cover soaring petrol costs, becoming one of the first major companies after the airlines to charge Australian consumers more as a result of the conflict in the Middle East.Uber, DoorDash and Australia Post were among the delivery and transport companies weighing whether to add charges, as small businesses hike fees. Continue reading...

Home secretary Yvette Cooper says this amounts to a third of those who were in region at outset of hostilitiesThe number of UK nationals flown back from the Middle East since the start of the conflict with Iran reached 100,000 on Tuesday, Britain’s foreign secretary has said.This is a third of the 300,000 who were in the region at the outset of hostilities, Yvette Cooper told parliament, many of whom were stuck when airspace was closed. The figure included tourists and Gulf residents who have temporary left. Continue reading...

In today’s newsletter: As drones and missiles hit Dubai, Doha and other sites across the Gulf, Hannah Ellis Peterson explains what happens next for the regionMorning everyone, I’m Patrick Greenfield – you may recognise the name from my environment reporting over the years (or perhaps you read my piece about the possible rebirth of a long-extinct 12ft bird). I’ll be joining you on First Edition for the next few months, where I will inevitably be turning my attention to some rather more worrisome news than the Jurassic Park-adjacent ambitions of a US startup.On that note: no Gulf state wanted war with Iran. But, as fighting in the Middle East enters its third week, the region finds itself on the frontline of an increasingly intractable conflict. After the US-Israeli attack on Iran in late February, drones and missiles have showered the UAE, Qatar, Kuwait, Bahrain and Saudi Arabia – bringing the region’s oil and gas industries to a near standstill, and prompting an exodus of tourists and expats.UK news | Keir Starmer has said the UK will not be drawn into the wider war in the Middle East, after Donald Trump called for allies to send warships to the strait of Hormuz to help unblock global oil supplies from the region. Starmer also announced that households reliant on heating oil to warm their homes would receive £53m of government support to help with their bills.Health | A sixth-form student at Queen Elizabeth’s grammar school in Faversham has been confirmed as the second person to have died after an outbreak of meningitis in Kent.Environment | Realtime pollution alerts are urgently needed across Windermere, campaigners have said, as the mother of a seven-year-old boy who kayaked on the lake described how he nearly died after contracting a dangerous strain of E coli from contaminated water.Media | The BBC has asked a US court to throw out Donald Trump’s $10bn (£7.5bn) lawsuit over the way a documentary edited one of his speeches, warning that proceeding with the case would have a “chilling effect” on its reporting on the president.Energy | Belgium’s prime minister, Bart De Wever, has been criticised for calling for the normalisation of relations with Russia to re-establish cheap energy supplies. Continue reading...

• UAE's Fujairah oil port sustained damage during escalating Iran war operations as the conflict enters its third week, with regional oil infrastructure becoming a focal point of military action. • Iranian Foreign Minister Abbas Arashi denied claims that Iran seeks a ceasefire or negotiations, stating "We are ready to defend ourselves for as long as it takes" and rejecting US overtures for talks. • The damage to critical Gulf oil infrastructure underscores the war's impact on global energy markets and regional stability, with implications for worldwide crude supplies.

Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of HormuzCountries in Africa, where farmers depend heavily on imported fertiliser and a large share of household income goes on food, are particularly vulnerable to supply chain disruptions caused by the war in the Middle East, experts have said.The conflict has drastically disrupted trade through the strait of Hormuz, a vital shipping lane not just for oil and gas but also for fertiliser, which is produced in vast quantities in the Gulf. Continue reading...

Afghan government reports zero casualties and accuses neighbouring country of wanting to ‘fuel the fire of war’Pakistan has targeted militant hideouts in Afghanistan’s Kandahar province overnight, as the fighting that erupted between the two neighbours late last month showed no signs of abating.The cross-border attacks, which have included Pakistani airstrikes in the Afghan capital, Kabul, is the deadliest yet between the countries. Islamabad has referred to the conflict as an “open war”, adding to concerns about regional stability as the US-Israeli conflict with Iran engulfs the Middle East and beyond. Continue reading...

American Airlines shares dropped 31% year-to-date, United Airlines 23%, and Delta Air Lines 16% amid skyrocketing fuel prices from Iran tensions. Cruise operators Carnival Corporation and Norwegian Cruise Line faced similar pressures from higher energy costs. This contrasts with defense stocks like Lockheed Martin and Northrop Grumman rallying on expanded orders. Investors anticipate prolonged impacts on travel sectors unless conflict resolves swiftly.