East Crisis

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...

US president tells Financial Times his ‘preference would be to take the oil’ but that ‘some stupid people back in the US say: “why are you doing that?”’Full report: Iran accuses US of plotting ground assault while publicly seeking talksAnalysis: what the Houthis’ entry into the Iran war means for the conflict and the wider regionThe price of brent crude had now gone over $116 a barrel, while stock markets have slumped in Asia as investors dig in for a protracted Gulf conflict that could bring a spike in inflation and the risk of recession to much of the globe.Brent crude was just over $70 a barrel when the war started last month and prices have risen by over 50% since. Continue reading...

War continues to escalate with Yemen’s Iran-backed Houthis confirming a second wave of attacks on Israel since they joined the war on SaturdayRead the full reportHello and welcome to our live coverage of events in the Middle East as the war enters its second month.The war only continues to escalate as Yemen’s Iran-backed Houthis confirmed a second wave of attacks on Israel since joining the conflict on Saturday. They have vowed to continue strikes in the coming days, posing a threat not just to worsening regional security but also global trade.In a televised speech, Houthi military spokesperson, Yahya Saree, said the Iran-backed group had launched a “barrage of cruise missiles and drones” in a second attack on Israel, targeting key military sites. He vowed the Houthis would continue military operations in the coming days until Israel “ceases its attacks and aggression”.The entry of the Houthis, poses a direct threat to the Bab al-Mandab strait at the southern end of the Red Sea, a second major choke point in the supply chain of energy supplies and other trade in and out of the Middle East. With Iran’s near total closure of the strait of Hormuz, a shutdown of the Bab al-Mandab, located between Yemen and the Horn of Africa, would amplify the already grave impact of the war on the global economy, and could also reignite a Saudi-Yemen conflict.The Pentagon is preparing plans for weeks of ground operations in Iran – potentially including raids on Kharg Island and coastal sites near the strait of Hormuz – though President Donald Trump has not yet approved any deployment, the Washington Post is reporting. Any ground operation would stop short of a full-scale invasion, instead involving raids by special operations forces and conventional infantry troops, the Post said, citing unnamed officials.Exiled Iranian Crown Prince Reza Pahlavi has told one of the US’s biggest annual gatherings of conservatives that he is ready to lead a new Iranian government and would call on the country’s citizens to rise up when the “right moment arrives”, AP reports. Pahlavi is the son of the shah, a monarch deposed in 1979 when the Islamic theocracy came to power.Iran’s Revolutionary Guard threatened to target US universities in the Middle East after saying US-Israeli strikes had deliberately targeted two Iranian universities. “If the US government wants its universities in the region to be free from retaliation... it must condemn the bombing of the universities in an official statement by 12 noon on Monday, March 30, Tehran time,” said the statement published by Iranian media.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, which bring together the foreign ministers of 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.Israeli attacks killed three journalists in a targeted strike on their car in southern Lebanon, which the Lebanese president condemned as a “blatant war crime”. The strike killed Ali Shoeib, from Hezbollah-owned al-Manar TV, Fatima Ftouni and her brother and cameraman Mohammed Ftouni from pro-Hezbollah outlet al-Mayadeen.Tedros Adhanom Ghebreyesus, the director general of the World Health Organisation, called for an end to attacks on medical staff after nine paramedics were ​killed in southern Lebanon on Saturday.The Israeli military bombarded Tehran with a “wide-scale wave of strikes”, damaging residential areas, civilian infrastructure, and research and educational buildings. The IDF also said it had hit Iran’s headquarters for naval weaponry.Iran has allowed 20 oil tankers from Pakistan to pass through the strait of Hormuz. Ishaq Dar, Pakistan’s deputy prime minister, said two ships would cross per day. The country has been playing a key mediatory role in the conflict. Continue reading...

US president says he is extending deadline for strait of Hormuz to reopen to 6 April; Houthis tell Lloyd’s List ‘no reason’ to prevent Saudi oil using Red Sea routeFull report: Trump extends deadline Analysis: Trump pitches peace plan but military buildups rarely veer to off-rampHello and welcome to our continuing live coverage of the US-Israel war on Iran and the consequences for the region, the world, and the global economy.Here are the latest developments:Donald Trump said he will extend – once again – his pause on his threat to attack Iran’s energy infrastructure for 10 days until 6 April, claiming that the request came from Tehran and that talks were going “very well”. The US president threatened last Saturday to would strike Iranian energy infrastructure if Tehran did not reopen the strait of Hormuz. Then, on Monday he postponed his threat for five days (until Friday), citing “very good and productive conversations” with Iran on ending the war (which Tehran dismissed as “fake news” designed to “manipulate” the oil markets). Now, he’s pushing that deadline back, again.The price of Brent crude also dropped following Trump’s latest announcement. Oil prices rose to their highest level this week, with Brent crude trading at roughly $108 a barrel after Trump’s cabinet meeting earlier on Thursday.Yemen’s Houthis have said there is no need to worry amid fears that if Donald Trump follows through on threats to seize Iran’s Kharg Island, Tehran may ask them to attack shipping in the Red Sea.A day after Tehran dismissed Trump’s 15-point ceasefire plan, the US president claimed that Iran was “begging to make a deal,” and that he wasn’t the one pushing for negotiations. Earlier, he told Tehran to “get serious soon” on negotiating a deal to end the war.Trump rejected reports that he was looking for an exit ramp, as oil prices soar and political pressure mounts to avoid the kind of drawn-out Middle East war he once spurned. “I read a story today that I’m desperate to make a deal,” Trump told reporters. “I’m the opposite of desperate. I don’t care.”A US proposal for ending nearly four weeks of fighting is “one-sided and unfair”, a senior Iranian official told Reuters on Thursday.However, Trump said Iran is allowing some oil tankers through strait of Hormuz as a sign of good faith for talks. He said that Iran allowed 10 oil tankers to pass through the strategic strait as a “present” to show it was serious about negotiations to end the war.The Pentagon is looking at sending up to 10,000 additional ground troops to the Middle East to give Trump more military options even as he weighs peace talks with Tehran, the Wall Street Journal is reporting, quoting defence department officials with knowledge of the planning.The Israel Defence Forces’ chief of staff has warned that the military will “collapse in on itself” as it faces increasing demands and a growing manpower shortage while fighting on multiple fronts, according to Israeli media reports.A Thai-flagged cargo ship that was hit by unknown projectiles in the strait of Hormuz earlier this month has run aground off Iran’s Qeshm Island, Iran’s Tasnim news agency said on Friday. Continue reading...

Hostilities should halt and healthcare facilities must be treated as ‘safe havens’, WHO’s regional chief has saidMiddle East crisis – live updatesA total stop to hostilities in the Middle East is needed to halt a “health crisis unfolding in real time”, the World Health Organization’s chief in the region has said.Hospitals and other healthcare facilities must be treated as “safe havens”, urged Dr Hanan Balkhy, the WHO’s regional director for the Eastern Mediterranean. Continue reading...

US president claims Iranian negotiators fear being killed by their own side; US military command claims to have damaged or destroyed over two-thirds of Iran’s missile, drone and naval production facilitiesIran rejects US ceasefire plan and submits its own amid push for talksAnalysis: Trump pitches Iran peace plan but military buildups rarely veer to off-rampChina’s foreign minister has said that a “glimmer of hope” for peace has emerged due to moves to stop the war in the Middle East, despite Tehran vowing to keep fighting.Wang Yi urged dialogue in separate calls with his Turkish and Egyptian counterparts, suggesting that both Tehran and Washington had shown signals they were willing to return to the negotiating table.Speaking of negotiations now is an admission of defeat.Prolonging this war would only result in further casualties and needless losses, leading to a further spillover of the conflict. Continue reading...

• China's Foreign Minister Wang Yi engaged in direct communications with Iranian officials regarding the Middle East situation, signaling Beijing's involvement in diplomatic efforts surrounding the US-Iran conflict and ceasefire negotiations. • The Chinese diplomatic move reflects broader international efforts to stabilize the region, with multiple nations—including Pakistan, Qatar, and Gulf states—positioning themselves as potential mediators or supporters of de-escalation amid escalating military operations. • International organizations and nations are preparing for prolonged Middle East tensions, with Japan's Prime Minister Sanae Takaichi requesting the International Energy Agency consider additional coordinated global oil reserve releases if tensions persist beyond mid-April.

Iran Guards said they fired missiles at Israel and US forces in bases in Kuwait, Jordan and Bahrain; crude oil prices fall sharply in early tradingTrump’s rehashed 15-point Iran plan unlikely to appease TehranDisruptions to international fertiliser supplies caused by the closing of the strait of Hormuz will cause food scarcity and high prices, the World Trade Organisation’s deputy director general, Jean-Marie Paugam, told Agence France-Press.A third of the world’s fertilisers normally transit the strait, which has been virtually closed by Iran since the start of the war. Continue reading...

PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand • Middle East crisis – live updatesJapan will begin the biggest-ever release of oil from its strategic reserves this week, the prime minister, Sanae Takaichi, has said, as the country braces for possible shortages caused by the US-Israel war on Iran.The government last week approved the release of 15 days’ worth of private-sector reserves, amid concern that the conflict in the Middle East will continue to hinder the flow of tanker traffic along the strait of Hormuz. Continue reading...