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.
Flash flooding threatens the wheatbelt region and Perth, as weather system expected to continue south-east from Geraldton on SaturdayGet our breaking news email, free app or daily news podcastEx-Tropical Cyclone Narelle was downgraded to a tropical low on Saturday morning after making landfall in Western Australia on Friday.Storm-ravaged communities were warned not to let their guard down, however, as residents along the state’s coastline prepared to assess the trail of damage along the Pilbara and North West Cape. Continue reading...
Party intends to craft a bill using the reconciliation procedure, which will allow it to circumvent the Senate filibusterUS politics live – latest updatesSign up for the Breaking News US newsletter emailSenate Republicans on Wednesday announced plans to begin a unilateral push for legislation that may include funding for Donald Trump’s war with Iran and Immigration and Customs Enforcement (ICE), while also including elements of a voter ID bill that is a priority of the party’s right wing.The legislative effort – which could take weeks to play out and has no guarantee of success – comes amid a protracted standoff with Democrats over the partial shutdown of the Department of Homeland Security (DHS), which has led to lengthy lines at Transportation Security Administration (TSA) checkpoints at some airports. Continue reading...
• The FTSE 100 fell 1.44% on Friday to close at 9,918, down approximately 9% since the Iran conflict began and at its lowest level since December 2025, reflecting broad market weakness across UK equities.
• The FTSE 250 mid-cap index declined 1.01% on the day and has dropped 11.3% since the start of the conflict, hitting its lowest level since November 2025, indicating selling pressure across market capitalizations.
• Oil prices climbed despite geopolitical uncertainty, with West Texas Intermediate (WTI) rising 2.8% to $98.50, though the Brent-WTI spread has widened sharply, signaling market stress and supply concerns.
Move to allow shipments already at sea comes amid a supply crisis and after US president says he does not ‘want to do a ceasefire’; IDF says it is attacking regime targets in Tehran after missiles fired at Israel from IranUS to send three more warships and thousands more troops, reports sayHow the Iran war has sent shocks rippling across the globeHello and welcome to our continuing live coverage of the US-Israel war on Iran and its repercussions for the Middle East, the world and the global economy.President Donald Trump said on Friday he was considering “winding down” military operations against Iran, as the US temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis.Iran is willing to help Japanese ships sail a vital route for global fuel supplies, foreign minister Abbas Araghchi told Kyodo News in an interview published on Saturday. Japan depends on crude oil imports from the Middle East, most of which transits the strait of Hormuz.Iran fired two intermediate-range ballistic missiles at Diego Garcia but neither of them hit the joint US-UK military base in the Indian Ocean, the Wall Street Journal and CNN reported, citing multiple US officials. The WSJ said one of the missiles failed in flight, and a US warship fired an SM-3 interceptor at the other. Neither outlet confirmed when Iran launched the missiles.One person was killed and two others wounded after an Israeli airstrike hit a house in a town in southern Lebanon early on Saturday, state media said.Trump continued to make his disappointment with the British government known, saying the UK “should have acted a lot faster” in allowing the US military to use its bases in the Middle East.Earlier, Downing Street approved US use of its bases “for the collective self-defence of the region”, including “defensive operations” degrading Iranian missile sites targeting ships in the strait of Hormuz. Britain had previously only allowed US forces to use its bases for operations to prevent Iran firing missiles that put British interests or lives at risk.Araghchi said UK prime minister Keir Starmer “is putting British lives in danger by allowing UK bases to be used for aggression against Iran”. Continue reading...
Move to allow shipments already at sea comes amid a supply crisisUS to send three more warships and thousands more troops, reports sayHow the Iran war has sent shocks rippling across the globeKuwait’s state oil firm KPC said its Mina Al-Ahmadi refinery was hit by multiple drone attacks early on Friday, causing a fire in some units, with no initial casualties reported, the state news agency said.Firefighters responded immediately, with several units shut down as a precaution to ensure workers’ safety. Continue reading...
Republicans block resolution to take up the measure, which Democrats vow to bring up ‘again and again and again’Sign up for the Breaking News US email to get newsletter alerts in your inboxSenate Republicans on Wednesday blocked a measure that aimed to reign in Donald Trump’s power to wage war against Iran without congressional authorization.The 53-47 vote against taking up the measure fell almost completely along party lines, with no movement from earlier this month when Republicans blocked Democrats’ bid to limit Trump’s war-making power in the days after the joint US-Israeli strikes, known as Operation Epic Fury, began across Iran. Continue reading...
• Congress reconvenes Monday amid multiple crises: ongoing DHS shutdown, Middle East war impacts, and an impending East Coast storm.
• Republicans prioritize the SAVE Act vote while DHS funding debates, linked to H.R. 7147, raise immigration service risks.
• The session's timing on the Ides of March underscores high-stakes challenges for lawmakers returning from recess.
