Ultimatum

• President Trump threatened to destroy Iran's power plants and bridges if Tehran refuses a deal to end the war by Tuesday evening, amid a Pakistani ceasefire push. • Trump detailed a complex U.S. military operation that rescued the two-man crew of an F-15 shot down Friday in Iran, calling it one of the largest and most harrowing missions ever. • The threat looms over diplomatic efforts, including a 45-day ceasefire proposal to reopen the Strait of Hormuz and avert major escalation.

• President Trump gave Iran a 48-hour deadline to open the Strait of Hormuz, escalating tensions as search and rescue operations continue for a missing US airman following military confrontations. • Two US jets were downed by Iranian fire, and two Black Hawk helicopters were struck, prompting one of the most significant search and rescue operations in recent US military history. • The ultimatum represents a critical phase in the ongoing Iran conflict, with military officials warning of a potentially more destructive phase in the coming days.

Stocks slump in Asia and Europe, gold slides and investors brace for higher oil prices after US president’s threatBusiness live – latest updatesMiddle East crisis – live updatesGlobal stock markets dropped sharply on Monday after Donald Trump threatened to “obliterate” Iran’s power plants unless the strait of Hormuz is opened.Stock markets in Asia and Europe slumped at the start of the week. Japan’s Nikkei share index dropping by 3.4%, China’s CSI 300 down 2.8%, and the South Korean Kospi fell 6.5%. Continue reading...

Trump tells Iran to reopen strait to shipping or face destruction of its energy infrastructure, as Tehran launches its most destructive attack yet on IsraelHello 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 has threatened to “obliterate” Iran’s power plants if Tehran does not fully reopen the strait of Hormuz within 48 hours – threatening a new escalation, just a day after the president spoke of “winding down” the war.Iranian ballistic missile barrages wounded about 100 people in southern Israel on Saturday, striking the cities of Arad and Dimona after air defence systems failed to intercept at least two projectiles. The Israeli Air Force is investigating its failure to prevent the attacks. Benjamin Netanyahu called it “a very difficult evening in the campaign for our future”.The International Atomic Energy Agency said it had received no indication of damage to the Negev nuclear research centre, which is near to Dimona.In the early hours on Sunday, Israeli military announced in a brief statement that it was conducting strikes in Tehran.Saudi Arabia’s ministry of defence said it had detected three missiles launched towards Riyadh early in the morning. One of the missiles was intercepted, while two fell in an uninhabited area, it saidIran on Saturday launched two ballistic missiles with a range of 4,000 km (2,500 miles) at the US-British military base at Diego Garcia in the Indian Ocean, according to the Israeli military, which said it was the first time Iran had used long-range missiles since the conflict began on February 28.The British foreign secretary condemned the attacks on Diego Garcia, while stressing the UK has “taken a different position from the US and Israel” on the conflict. Yvette Cooper said ministers wanted to see a swift resolution to the war, adding the government was supporting defensive action against the “reckless Iranian threats”.A projectile struck close to a bulk carrier off the coast of the United Arab Emirates on Sunday, causing an explosion, according to the British military’s United Kingdom Maritime Trade Operations center.The death toll has risen to more than 1,500 people in Iran, more than 1,000 people in Lebanon, 15 in Israel and 13 US military members, and a number of civilians on land and sea in the Gulf region, according to Associated Press. Millions of people in Lebanon and Iran have been displaced. Continue reading...