Iran Strikes

Company earnings expected to soar to between $200m and $700m in first quarterBusiness live – latest updatesShell is expected to report “significantly higher” profits from its commodity trading desks in the first quarter of this year after weeks of market volatility triggered by the Iran crisis.The surge in energy commodity markets over recent weeks is expected to drive up trading results at Shell’s chemicals and products unit, which includes its main oil trading desk. Continue reading...

Warnings that US could attack civilian infrastructure draws questions whether it is legally plausible for UK to still claim self-defence• Donald Trump says ‘a whole civilisation will die’ if Iran ignores demandsIn Downing Street, Keir Starmer has been at pains to emphasise that he will only authorise the use of UK bases by the US for “defensive” strikes on Iranian military targets. In the White House, Donald Trump has threatened to bomb civilian infrastructure – and said on Monday that he was “not at all” worried about committing war crimes.So far in the war, Starmer’s position has allowed him to present the UK as a responsible actor concerned for regional security – but not a direct participant in the conflict on the US side. Continue reading...

President dismisses concerns that bombing civilian targets would punish ordinary people and could constitute war crimesDonald Trump on Monday claimed that Iranian civilians are actively welcoming US strikes on their country’s infrastructure, saying they would be “willing to suffer” the loss of power and basic services in order to achieve freedom from the Islamic Republic.Speaking to reporters from the White House press room, Trump dismissed concerns that targeting Iran’s power grid and civilian infrastructure would punish ordinary Iranians rather than the regime, saying without evidence US intelligence had intercepts of civilians near active bombing sites urging American forces to continue. Continue reading...

Members reportedly agree rise of 206,000 barrels a day in May but move symbolic with strait of Hormuz effectively closedMiddle East crisis – live updatesIranian drones struck Kuwait’s oil infrastructure on Sunday, causing “severe material damage” that threatened to further disrupt oil supplies already hit by the US and Israel’s war with Tehran.It came hours before members of the Opec+ group that represents major global oil suppliers gathered to discuss how to bolster output despite Iran’s effective closure of the crucial strait of Hormuz shipping route. Continue reading...

• The US-led military campaign struck Iran's B1 bridge near Karaj, one of the tallest structures in the Middle East, causing significant collapse, civilian casualties, and outrage in Tehran. • President Trump shared footage of the strike on social media, warned Iran of more attacks, and hinted at targeting additional infrastructure if Tehran does not agree to a deal. • In retaliation, Iranian state media and the Islamic Revolutionary Guard Corps published a list of eight major Gulf and regional bridges as potential targets for counter-strikes, signaling dangerous escalation.

• US and Israeli forces conducted strikes Tuesday on major Iranian steel facilities, including the Mobarakeh Steel Company in Isfahan and the Khuzestan Steel Company, marking continued escalation of military operations. • President Donald Trump stated American forces will withdraw from Iran within "two to three weeks," signaling a potential end to the ongoing military campaign that began last month. • Iran reported at least 249 women and 216 children killed in US-Israeli attacks since the war's start, while Iranian Foreign Minister Abbas Araghchi rejected ceasefire proposals and demanded a complete end to hostilities.

• President Trump announced he is delaying threatened strikes on Iran's energy infrastructure, citing productive talks on ending the war and extending the deadline for Iran to reopen the Strait of Hormuz. • Iranian leaders continue to deny any direct talks are taking place with U.S. officials, maintaining their public position on the dispute. • The delay signals potential diplomatic progress while tensions remain high over regional shipping routes critical to global oil supplies.

• President Trump announced a 10-day pause in strikes on Iran's energy infrastructure through April 6, 2026, at 8:00 p.m. Eastern time, citing ongoing negotiations mediated by Pakistan under a 15-point framework. • Trump disclosed that Iran sent ten oil tankers as a goodwill gesture, and Secretary of State Marco Rubio characterized Iran's clerical leadership as "religious fanatics" posing a global nuclear threat. • Israel confirmed the killing of Iran's navy head responsible for Strait of Hormuz disruptions, while Iran launched emergency recruitment and lowered its draft age to 12, according to CBN News reporting.