East Amid

President is expected to offer a timeline for end of the war, and speak about his threat to withdraw the US from Nato as he faces falling poll numbers and global energy crisisTrump says he is ‘absolutely’ considering withdrawing US from Nato Israel hits Iran with waves of attacks and says it killed top Hezbollah commanderWelcome to our continuing coverage of the crisis in the Middle East, as Donald Trump prepares to address America for the first time since the US-Israel war on Iran was launched.The president will deliver the prime-time speech at 9pm ET from the White House.Iran has rejected Donald Trump’s claim that its leadership asked for a ceasefire, calling the US president’s statement “false” and “baseless”. Trump made the claim in a post on Truth Social, which said: “Iran’s New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE! We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!”Trump also said he is “absolutely” considering withdrawing the US from Nato, warning that the matter was “beyond reconsideration” after the refusal of US allies to join the US-Israeli war against Iran. The president’s threats, his most determined to date, have left the alliance facing its worst crisis in its 77-year history, a former US ambassador has said. Here’s our story.Meanwhile, in an open letter to the American people, Iran’s president Masoud Pezeshkian said relations between Washington and Tehran were “misunderstood” and that Iran was not an aggressor. The Iranian “harbor no enmity toward other nations, including the people of America, Europe, or neighbouring countries,” he said, adding that portrayals of Iran as a security threat were inaccurate, and Tehran was acting in self-defence – not aggression.In Tehran, Kamal Kharazi, a top foreign policy official and former Iranian foreign minister, has been severely injured in an airstrike on his home in the Iranian capital. His wife was reportedly killed in the attack. Kharazi, considered a moderate politician and veteran policy expert, also served as an adviser to the assassinated former supreme leader Ayatollah Ali Khamenei. Reports suggest his targeting is being viewed as an attempt to derail diplomacy. Continue reading...

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...

• U.S. nonfarm payrolls for March will be released Friday amid sharp energy price increases due to Middle East conflict, providing critical snapshot of labor market health as investors reassess economic outlook. • HSBC economists expect "modest but positive growth" in employment, though markets have slashed expectations for Federal Reserve rate cuts, with money markets pricing only 42% probability of a rate increase in 2026. • This week's data releases—including ADP private payrolls (Wednesday), JOLTS job openings (Tuesday), jobless claims (Thursday), and consumer confidence surveys—will reveal war impact on business and consumer sentiment.

• An expeditionary force of American Marines arrived in the Middle East on Saturday as Yemen's Houthis launched an unsuccessful ballistic missile attack on Israel, escalating the US-Iran conflict. • Strikes on Friday and Saturday continued despite President Trump's claims of 'very strong talks' with Iran on a diplomatic solution, with no signs of de-escalation. • The involvement of Iran-allied Houthis raises fears of broader regional war and further economic disruption, particularly to global shipping routes.

• The Pentagon is planning to deploy a brigade combat team from the US Army's 82nd Airborne Division to the Middle East to support operations against Iran, The Wall Street Journal reported on March 25. • The troop deployment occurs simultaneously with diplomatic efforts, as the Trump administration seeks a one-month ceasefire and explores negotiations with Iranian intermediaries including special envoy Steve Witkoff, Jared Kushner, Secretary of State Marco Rubio, and Vice President JD Vance. • The military buildup underscores the dual-track approach: escalation preparations alongside peace negotiations, even as Israel continues wide-scale military strikes on Iranian targets including government infrastructure.

• 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 US is deploying 2,200 Marines and thousands of sailors aboard three Navy warships, including the USS Boxer, from San Diego to the Middle East to support operations in the Iran conflict and reopen the Strait of Hormuz. • President Trump announced the US is 'getting very close' to meeting objectives in Iran and considering 'winding down' military efforts, while claiming to have decimated Iran's navy, air force, and anti-aircraft capabilities. • Despite Trump's signals, Iran continues firing missiles at Israel and tightening control over the Strait of Hormuz, driving global oil prices higher and causing US stock market declines; death toll exceeds 1,300 in Iran and 1,000 in Lebanon.

• The Federal Reserve's policy committee decided to hold the federal funds rate steady at 3.5% to 3.75% on March 18, 2026, citing elevated uncertainty about the economic outlook and the implications of Middle East developments for the U.S. economy. • The Fed noted that while economic activity continues to expand at a solid pace, job gains have remained low and unemployment rates have shown little change, with inflation remaining somewhat elevated above the 2% target. • The Committee signaled readiness to adjust monetary policy if risks emerge that could hinder maximum employment and price stability, indicating a cautious stance given current geopolitical and economic headwinds.

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...