Down Iran

Donald Trump will claim rescue as a triumph but 48-hour drama should be a caution against launching ground operationMiddle East crisis – live updatesDonald Trump will inevitably claim the rescue of the second crew member of the downed F-15 fighter as a propaganda triumph, though the 48-hour drama is a reminder that an undefeated Iran is able to fight back and inflict costs on the US.It also ought to be a caution for a White House still contemplating a ground operation in Iran whether to seize an island in the Persian Gulf – particularly if there a serious ambition to extract Iran’s highly enriched uranium from deep underground. Continue reading...

• A US fighter jet was shot down over Iranian territory on April 3, 2026, intensifying the US-Israeli war on Iran that began with airstrikes on February 28 targeting nuclear sites and leadership. • The incident prompted immediate retaliatory concerns, with Bitcoin prices wavering amid rising geopolitical risk premiums affecting crypto markets globally. • Iran's closure of the Strait of Hormuz has triggered the largest oil supply disruption since the 1970s, spiking energy prices and impacting US economy.

• Two U.S. fighter jets were downed by Iranian fire, with one pilot successfully rescued following an active search and rescue mission in the ongoing Iran conflict. • Two Black Hawk helicopters were also struck by incoming Iranian fire during operations, according to defense officials. • Defense Secretary Pete Hegseth has maintained that U.S. forces have significantly degraded Iran's air defense capabilities in recent weeks.

Iran’s Revolutionary Guard Corps said it was combing an area near where plane came down in south-western Iran; Israeli military strikes ‘Hezbollah infrastructure’ in Lebanon capitalUS F-15E jet confirmed shot down over Iran as Tehran releases wreckage imagesHello and welcome to our continuing live coverage of the US-Israeli war on Iran and its impact on the region, the world and the global economy.Iranian and American forces were racing each other early on Saturday to recover a crew member of the first US fighter jet to go down inside Iran since the start of the war.Tehran rejected a US proposal for a 48-hour ceasefire, said Iran’s semi-official Fars news agency, citing an unnamed source. There was no immediate comment from the US. Earlier, the Wall Street Journal reported that Iran had officially told mediators it was unwilling to meet with US officials in Islamabad in the coming days.The UN force in Lebanon said a blast at one of its positions had wounded three peacekeepers, two of them seriously, in the third such incident in a week.Israeli fire killed a man in Syria’s Quneitra province in the south near the Israeli-occupied Golan Heights, Syrian state media said. The man was killed in an attack by “an Israeli tank”, the Sana agency said, while state TV said a car was targeted.An Egyptian national was killed and four others wounded after a fire at a gas complex in Abu Dhabi, caused by falling debris from an intercepted attack, the government media office said. Two of the four people hurt were from Egypt, while the others were from Pakistan, it said.Trump asked lawmakers to approve a $1.5tr defence budget for 2027 as the US faces rising costs from its war with Iran and mounting global security commitments. The proposal would lift Pentagon spending by more than 40% in a single year – the sharpest increase since the second world war.The US embassy in Lebanon said Iran and allied groups could seek to target universities in the country, where Tehran-backed Hezbollah is at war with Israel and Israeli troops are carrying out a ground invasion.Three tankers, including one co-owned by a Japanese company, crossed the strait of Hormuz by hugging close to Oman’s shore –a rare transit route – maritime traffic data showed on Friday. With agencies Continue reading...

Downing of fighter plane – the first shot down over Iran since start of war – prompts frantic US rescue effort A US F-15E fighter has been shot down over Iran, prompting a frantic US search and rescue effort for its two-strong crew, in the first such incident since the start of the war.Images of a tail fin and other debris were released by Iranian state media early on Friday accompanied by an initial claim that an advanced US F-35 and been hit by a new air defence system over central Iran and the pilot probably killed. Continue reading...

Price of typical UK home increased by 0.9% in March, but surging mortgage rates amid conflict in Middle East is expected to put break on activityBusiness live – latest updatesUK house prices increased at the fastest rate in almost 18 months in March, although surging mortgage rates amid the Iran war is likely to lead to a slowdown in the market, according to Nationwide.The UK’s biggest building society said the price of a typical UK home increased by 0.9% month-on-month in March, the largest increase since December 2024. Continue reading...

• One month into the U.S. war with Iran started February 28, President Trump lists five objectives for the air campaign, up from initial three by Pentagon and four by staff, as he signals potential wind-down despite some unfulfilled aims. • Press secretary Karoline Leavitt states Operation Epic Fury is 'ahead of schedule,' with Trump claiming Thursday the Iranian regime is 'largely decimated' amid talks to reopen Strait of Hormuz. • Israeli strikes hit Iranian heavy water and yellowcake plants Friday, confirmed by Israel; conflict strains global economy, alliances, and raises questions on planning and aftermath.