Some European countries have blocked Israeli and US planes from moving weapons through their airspace. Plus, a rocket heads to the moon on Wednesday for the first time since 1972Good morning.Donald Trump has launched a tirade against European countries that refused to join the Israel-US war against Iran, calling out the UK and France, as transatlantic relations continue their downward spiral and the war wreaks havoc on the global economy.What pushback has there been from Europe? France has blocked Israeli planes from flying weapons through its airspace, while Italy refused last-minute permission for US bombers to land in Sicily. Spain has already denied the US use of its bases and airspace. The UK, however, has allowed the US to use its bases for a war that its government says is illegal.For the latest updates, follow our live blog. Continue reading...
Many countries in Europe have called the conflict illegal, with some blocking Israeli and US planes from moving weapons through their airspaceDonald Trump has launched a tirade against European countries that refused to join his war against Iran, calling out the UK and France, as transatlantic relations soured from the spiralling conflict that has wreaked havoc on the global economy.On his Truth Social website, the US president told governments worried about fuel prices to “go get your own oil” by force from the Gulf, comments that sent oil prices even higher. Continue reading...
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...
Israeli military says it will continue operations in line with Israeli government directives until told otherwiseMiddle East crisis – live updatesThe 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 talks with Iran.The Israeli Defense Forces (IDF) said it would continue operations in line with Israeli government directives until told otherwise. Continue reading...
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...
• The Trump administration is using Section 301 of the 1974 Trade Act to investigate foreign factory capacity and forced labor, aiming to offset $1.6 trillion in tariff revenue lost due to a Supreme Court ruling on February 20.
• Public hearings are scheduled for May 5 on factory capacity and April 28 on forced labor, with the goal to complete probes before the current 10% import tariffs expire in 150 days.
• Trump imposed a temporary 10% tariff on all imports post-ruling, plans to raise it to 15%, but faces challenges from two dozen states; remaining tariffs on China, Canada, steel, lumber, and cars expected to yield $668 billion over a decade.
The Trump administration announced the Genesis Mission on March 13, 2026, aiming to leverage AI and emerging technologies across energy, drug discovery, national security, and science in the US. Key ambitions include quantum computing advances, expanding the trained technical workforce, and delivering a new supercomputer blueprint by the end of 2026, with involvement from Dell CEO Michael Dell and Energy Department officials. This initiative ties AI policy to tangible outcomes like energy systems and defense, creating opportunities for startups in scientific AI and industrial software. Federal investments in compute and national labs are expected to boost US competitiveness against global rivals.
The Trump administration initiated a second round of tariff investigations targeting 60 economies on March 13, 2026, aiming to rebuild its trade regime amid rising protectionism. US Treasury volatility jumped to a nine-month high, fueled by inflation concerns from oil shocks and trade tensions. Daimler Truck plans to offset tariff costs by increasing US content in Mexico-assembled trucks, as stated by CFO Eva Scherer. This escalation signals potential new duties that could impact global supply chains and corporate costs.
The Trump administration has initiated a second round of tariff investigations targeting approximately 60 economies as part of efforts to reshape international trade policy on March 13, 2026. Daimler Truck revealed it is adjusting its manufacturing strategy to mitigate tariff impacts, with CFO Eva Scherer noting plans to increase U.S. content in truck assembly and shift production from Mexico to reduce tariff burdens. The tariff uncertainty has contributed to volatility in U.S. Treasury markets, which have reached nine-month highs as investors grapple with inflationary implications. Market analysts remain concerned about the combined effect of tariffs and elevated oil prices on economic growth.
