Energy price surge worsens Europe's cost-of-living pressures
The surge in wholesale energy prices is quickly feeding into consumer costs across Europe. Analysts warn the shock could extend beyond household energy bills if the conflict drags on.
The surge in wholesale energy prices is quickly feeding into consumer costs across Europe. Analysts warn the shock could extend beyond household energy bills if the conflict drags on.
The statistics have yet to account for the impact of the US-Israeli war on Iran German industries are showing no signs of recovery as of early 2026, with their production output declining even before the US and Israel launched their attack on Iran, according to the state statistical agency Destatis.
Hezbollah has ‘no option’ but continue fighting Israel Mohammad Raad, head of Hezbollah’s parliamentary bloc, said the group has no option but to continue fighting Israel. The official criticised the Lebanese government for condemning the group’s rocket attacks. “Lebanon today is not choosing between war and peace,” Raad said in a televised address.
New Delhi [India], March 10 (ANI): Congress MP Dharamvira Gandhi criticised the Centre's position on the ongoing West Asia crisis, saying India's stand as articulated by External Affairs Minister S Jaishankar in Parliament does not reflect the country's traditional foreign policy principles.
Florida [US], March 10 (ANI): US President Donald Trump on Monday (local time) said that they have won against Iran in many ways but have not won enough, vowing to achieve 'ultimate victory' against the Persian Gulf country. Speaking at the Republican Members' Issues Conference, Trump said, 'We have won in many ways but haven't won enough.
The dissonance between President Trump’s hard-line immigration policies and his call to grant asylum to the Iranian athletes was striking.
At his press briefing, the US president claimed the operation was a "tremendous success", but added that he wants to ensure Iran cannot develop nuclear weaponry.
Trump says war on Iran could be ‘short-term excursion’ US President Donald Trump said the US-Israeli war on Iran could be a “short-term excursion”. Speaking at a Republican gathering in Doral, Florida, Trump said the US military was already “very far” ahead of the four-to-five-week timeframe initially estimated for the assault on Iran. In an earlier interview with CBS, he said: “I think the war is very complete, pretty much.
Iran and Israel continue to exchange attacks, as supporters of Khamenei celebrate the decision to name him supreme leader.
Iran says Israel, US trying to drive wedge with neighbours Iranian President Masoud Pezeshkian told his Turkish counterpart Recep Tayyip Erdogan that Israel and the United States are trying to create “discord” between Tehran and neighbouring countries. According to Tasnim news agency, Pezeshkian said Iran remains ready to ease regional tensions if countries hosting US bases do not allow their territory to be used to launch attacks on Iran. He also said Tehran is willing to form a joint team with Turkey to investigate the “alleged” missile attack on Turkish territory.
New Delhi [India], March 10 (ANI): Congress slammed the Centre's response to the escalating West Asia crisis, with former External Affairs Minister and President of Congress' Foreign Affairs Department, Salman Khurshid, raising concerns over India's strategic, economic and diplomatic interests in the region following EAM S Jaishankar's statement in Parliament.
Muscat [Oman], March 10 (ANI): Oman Foreign Minister Badr Albusaidi on Monday gave a call for the earliest return to diplomacy and ceasefire amid escalating tensions in West Asia and underlined that the economic damage and potential for humanitarian catastrophe are unsustainable. His remarks come after the leaders' conference hosted by the European Union.
(Photo credit: Yukihito Taguchi-Imagn Images) Amid the war in the Middle East involving the United States, Israel and Iran, five members of the Iranian women's soccer team reportedly defected after Sunday's game during the Women's Asian Cup in Australia. The Iranian team has been in Australia since the U. S.
MANAMA, 10th March, 2026 (WAM) -- The Ministry of Interior of the Kingdom of Bahrain announced that one person has died and others were injured as a result of a blatant Iranian attack targeting a residential building in Manama.
Hezbollah launches rockets at Israeli military position near border Hezbollah said it launched rockets at an Israeli military position near the Lebanese border town of Houla. In a statement, the group said the attack took place this morning and was carried out in response to Israeli strikes on dozens of Lebanese towns and cities, including Beirut’s southern suburbs.
Oil prices and stocks initially swung wildly, and Iran’s foreign minister promised “surprises,” calling the strikes against his country “Operation Epic Mistake.
Iraqi armed group claims drone attack on base at Baghdad airport The Iraqi armed group Saraya Awliya al-Dam said it carried out a drone attack on the Victoria military airbase at Baghdad airport. The group claimed responsibility for the strike in a statement on its Telegram channel. The incident follows a series of drone attacks in Iraq in recent days, including two drones that targeted a US military base and a hotel in Erbil in the Kurdish region of northern Iraq.
Riyadh [Saudi Arabia], March 10 (ANI): In a strongly worded statement, Saudi Arabia's Ministry of Foreign Affairs on Monday heavily came down on Iran, noting that the continued attacks represent further escalation and will have significant implications on bilateral ties.
Amman [Jordan], March 10 (ANI): UNICEF on Monday decried the rise in child casualties amid rising hostilities in Lebanon and called on all parties to protect civilians and infrastructure. It urged immediate efforts to de-escalate the situation and prevent further harm to children.
While officials look for ways to ease oil shocks, experts say higher prices will likely persist until traffic through the Strait of Hormuz returns.