The risk of an expanded Iran war grew on Saturday as Yemen's Iran-aligned Houthis launched their first attacks on Israel since the start of the conflict, even as additional US forces reached the Middle East. Speaking before the strike, Secretary of State Marco Rubio said the United States expected to conclude military operations within weeks, although a new deployment of US Marines started arriving in the region. The Houthis said they would continue their operations until the ‘aggression’ on all fronts ende..
Trump extended his deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants for 10 days, after Iran rejected his 15-point proposal to end the war he launched together with Israel. Iran gave no direct indication that it was ready for negotiation or compromise, although senior officials have said diplomacy continues.
Foreign ministers from the world's leading Western democracies meet in France this week against the backdrop of wars in Iran and Ukraine, economic uncertainty, and mounting unease over an increasingly unpredictable U.S. foreign policy...
Oil has pushed back above $100 as strikes continue and the Strait of Hormuz remains shut. Hear how energy markets are pricing the risk of a longer conflict on the Morning Bid podcast
Oil prices rose after Iran threatened to shut down the Strait of Hormuz indefinitely in response to President Donald Trump’s ultimatum on the restoration of oil traffic through the critical waterway.CNN
Donald Trump threatened to ‘obliterate’ Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours, a dramatic escalation that came barely a day after he talked about ‘winding down’ the war...
Iran’s representative to the International Maritime Organization says all ships except those of ‘enemy’ states can transit the Strait of Hormuz, provided they coordinate security and safety arrangements, Mehr news agency reports....
Iran’s military has renewed its threats against the region’s infrastructure after the US president vowed to “obliterate” power plants in the Islamic Republic if the Strait of Hormuz is not swiftly reopened, AFP reports.
“Following previous warnings, if Iran’s fuel and energy infrastructure is violated by the enemy, all energy, information technology and desalination infrastructure belonging to the US and the regime in the region will be targeted,” the Iranian military’s operational command Khatam Al-Anbiya said in a statement carried by Fars news agency.
The world’s 20 largest publicly listed airlines have lost about $53bn in value since the US-Israel war against Iran began in February, the Financial Times reported citing data.
Oil and liquefied natural gas tankers moving through the Strait of Hormuz carry around 20% of the world's supply. But for countries on the Persian Gulf, the waterway is more than just an energy route – it's a lifeline for more than 100 million people... CNN report...