The significance of the crisis lies not only in short-term market volatility but also in the possibility that sustained energy shocks could reshape inflation expectations, interest-rate outlooks and global asset pricing.
Hezbollah claims missile attacks on Israeli tank and base Hezbollah on Monday said it targeted an Israeli Merkava tank north of the Khiam detention centre in southern Lebanon with a guided missile, claiming a direct hit. The group also said it struck a D9 bulldozer in the Taybeh project area and fired missiles at the Meron air operations command and control base in northern Israel. The group added that it launched rockets at a gathering of Israeli soldiers near the Khiam stadium.
UN peacekeepers fired upon during patrols in southern Lebanon UN Interim Force in Lebanon (Unifil) on Monday said three of its patrols were attacked and returned fire “in self-defence” and continued their patrols, with no injuries reported. Last week, a UN base came under artillery fire from the Israeli military, injuring three Ghanaian peacekeepers. Unifil has said it is investigating whether that was a deliberate targeting of UN personnel by Israeli forces.
Washington, DC [US], March 16 (ANI): US President Donald Trump has issued a stern warning regarding the future of NATO, suggesting the alliance could face a 'very bad' outlook if member nations do not assist in securing the Strait of Hormuz. In a telephone interview with the Financial Times published on Sunday, the President delivered a blunt message to European allies concerning the strategic maritime passage.
New Delhi [India], March 16 (ANI): A sharp rise in crude oil prices could push global inflation higher and slow down global economic growth in 2026, according to Gita Gopinath, former Chief Economist of the International Monetary Fund (IMF).
Dubai airport operations suspended after fuel tank fire All flights to and from Dubai were suspended following a fire near Dubai International Airport, according to Emirati authorities, who urged passengers not to travel to the airport. Dubai Police said Airport Road and the Airport Tunnel were temporarily closed as emergency operations continued. Earlier, the Dubai Media Office said civil defence teams had successfully contained the fire resulting from an impact on one of the fuel tanks in the vicinity of the airport, following a “drone incident”.
Video: Thousands gather in London for annual Al-Quds Day rally People gathered in central London for the annual Al-Quds Day protest, an event held worldwide on the last Friday of Ramadan in solidarity with Palestinians and opposition to Israel’s illegal rule over Jerusalem. The day was established in 1979 and has been marked in London for more than four decades. Police attempted to disrupt this year’s event by imposing restrictions, deploying a large presence and arresting several participants during the demonstration.
US Officials say escort mission in Hormuz may take weeks Plans to escort commercial ships through the Strait of Hormuz could take weeks to implement, The New York Times reported, quoting White House officials. Official sources also assessed that the war with Iran could last four to six weeks, the report said. According to the report, the Revolutionary Guard may keep nuclear fuel as leverage in negotiations, while Iranian attacks on regional oil facilities followed earlier strikes on Iranian oil storage tanks.
Trump warns Nato faces ‘very bad’ future if US allies fail to assist in opening the vital oil route; Israel says thousands of targets in Iran remain – follow it live How have you been affected by the latest Middle East events? Hello and welcome to our continuing live coverage of the US-Israel war against Iran and the consequences for the region, the world and the global economy. Here are the latest developments: Donald Trump has warned that Nato faces a “very bad” future if US allies fail to assist in opening up the strait of Hormuz, the Financial Times has reported .
Iran arrests hundreds accused of sharing information with adversaries Iranian authorities have arrested at least 500 people accused of sharing information with the country’s “adversaries” during the ongoing conflict, according to state media reports. Press TV said 18 detainees were accused by the intelligence ministry of having links to the Iran International news channel, which Tehran alleges is connected to Israel. Officials said another 21 people are facing legal action, while human rights groups have expressed concern over the arrests.
Madrid-based journalist Guy Hedgecoe explains why Pedro Sánchez has been one of the few European leaders to challenge the US president on Iran When the US and Israel launched their attack on Iran two weeks ago, the response from European leaders was muted and ambiguous. Uneasy about the strikes but unwilling to condemn Donald Trump outright. There was one notable exception, however: Pedro Sánchez, the prime minister of Spain.
Washington, DC [US], March 16 (ANI): US President Donald Trump announced that he has requested approximately seven nations to deploy warships to assist in maintaining transit routes through the Strait of Hormuz as the conflict with Iran continues to impact the critical maritime corridor.
(Photo credit: Alan Poizner-Imagn Images) The 'Finalissima,' a match between reigning European champion Spain and South American champion Argentina scheduled for March 27 in Qatar, has been canceled due to continued conflicts in the Middle East, UEFA announced on Sunday.
Israeli strikes in south Lebanon kill 10, ministry says Lebanon’s Ministry of Health on Monday said Israeli raids on several towns in the south of the country killed 10 people and wounded 13 others. The ministry said the strikes targeted the towns of Qatrani, Majdal Selm and Aitaat as fighting continued along the Israel-Lebanon front.
Iran says Israel committed environmental crimes in Tehran Iran’s foreign minister, Abbas Araghchi, on Monday accused Israel of committing a crime against the environment after strikes hit fuel tanks in Tehran. “The bombing of fuel tanks in Tehran by Israel is a violation of international law and is an example of a crime against the environment,” Araghchi said. He warned that contamination of soil and groundwater could cause long-term damage, adding that Israel “must be punished for its war crimes".
Paris [France], March 16 (ANI): French President Emmanuel Macron said he urged Iran to end attacks across the Middle East and called for restoring freedom of navigation in the Strait of Hormuz during a phone call with Iranian President Massoud Pezeshkian. In a post on X following the call, Macron said, 'I have just spoken with Iranian President Massoud Pezeshkian. ' <a href="https://x.
Washington DC [US], March 16 (ANI): President Donald Trump on Sunday (local time) said Iran's military has been so heavily damaged by US strikes that it would take the country a decade to rebuild, but added that he sees 'no reason to' officially declare victory as Iran has been 'decimated'.
Washington DC [US], March 16 (ANI): US President Donald Trump on Sunday (local time) accused Iran of spreading artificial intelligence-generated disinformation about the ongoing conflict and criticised media organisations for reporting 'false information' about damage to American military assets.
Trump says US, Israel share similar war objectives President Donald Trump said the United States and Israel are largely aligned in their military objectives in the war with Iran, though he acknowledged the two allies may not have identical goals. “I think we have similar objectives, really, but could be a little bit different,” Trump said. “They have a lot of our weapons.
Australia rules out naval deployment to Hormuz Australia will not send a ship to the Strait of Hormuz despite calls from US President Donald Trump for allies to help secure the key waterway, the country’s transport minister said Monday. Transport Minister Catherine King told the ABC that Australia had not been asked to deploy a vessel and would instead contribute by providing aircraft to assist with defence efforts in the United Arab Emirates. “Well, we’ve been very clear about what our contribution is in relation to requests, and so far, that is to the UAE – obviously providing aircraft to assist with defence, particularly given the number of Australians that are in that area in particular – but we won’t be sending a ship to the Strait of Hormuz,” she said.
