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The Latest Breaking News from Iran

The Oil Crisis You Haven't Heard About: Why Vietnam, Bangladesh, and the Philippines Face an Energy Emergency

The US-Israel-Iran conflict impacts global oil markets, causing fuel shortages in Southeast Asia. Discover how Vietnam, Bangladesh, and the Philippines manage the crisis and its effect on supply chains and oil prices.

International Business Times UK

UK politics: Reform UK suspends mayoral candidate after he described Jewish security group as ‘cosplayers’ – as it happened

Labour and Liberal Democrats welcome suspension of Chris Parry, the party’s Hampshire mayoral candidate, after derogatory remarks about Jewish group

The Guardian - UK

Valero Oil Refinery Explosion: Why the Fire Could Send Shockwaves Through US Gas Pumps

A massive explosion at Valero Oil Refinery in Port Arthur, Texas, has caused a fire and economic concerns. Learn about the impact on gas prices and the ongoing investigation.

International Business Times UK

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US President Donald Trump says US in negotiations with Iran 'right now' to end war

On Monday, Trump claimed his administration has been negotiating with Iran "for a long time" and believes a deal to end the war is close, saying Iran "means business."

Euronews

Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

The Guardian - UK

Europeans acting 'cowardly' for not joining war against Iran, former PM Bennett says

Bennett says Europeans are ungrateful, leaving the US and Israeli to do 'all the hard work' against Iran in comments to Euronews. The EU called for de-escalation and respect for international law in Brussels summit.

Euronews

PHOTO ESSAY: Life goes on underground in Israel, in scenes both real and surreal

When sirens and cellphone alerts blare warnings of missiles incoming from Iran, people in Israel stream into shelters, turning parking garages, metro stations and basements into temporary communities.

The Independent UK

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Trump Pauses Iran Strikes for Five Days After Announcing 'Productive Talks' — But Iran Denies Any Direct Contact

Stay updated on the US-Iran conflict as President Trump pauses military action, claiming productive talks despite Tehran's denial. Learn how this affects global oil prices and market trends.

International Business Times UK

Is Ghalibaf Iran’s next leader backed by US? Who Trump is really talking to

The Trump administration is reportedly exploring Iran’s parliament speaker Mohammad Bagher Ghalibaf as a potential interlocutor — and even a possible future leader — as it signals a shift from military pressure to a negotiated endgame.

The Times of India

New Zealand to give cash payments to some families as US-Iran war deepens fuel crisis

Just 47 days of combined petrol, diesel and jet fuel stocks left in New Zealand

The Independent UK

What's the Connection Between the US War on Iran, Fuel, Fertilizer, and Food Prices? (Part 2)

Though global markets can be independent of each other, there are connections running throughout the commodity complex.

Barchart

Business Brief (March 24): China Adjusts Fuel Prices Amid Middle East Tensions

China responds to Iran oil security question; Chinese drone maker DJI sues Insta360 over patents it says involve core technology

Caixin Global

Newsletter: US ambassador says failing to implement EU-US trade deal 'economic malpractice'

Also in this newsletter: Former Israeli PM Naftali Bennett blasts the response of some European nations to the war in Iran; and the latest from Canberra after the EU and Australia clinched a free trade deal overnight.

Euronews

Big ultimatum and then a pause: Why Trump shifted course on Iran & what happened in between

US President Donald Trump’s abrupt shift from a 48-hour ultimatum to a five-day pause on striking Iran’s energy infrastructure has exposed the competing pressures shaping Washington’s strategy in a rapidly escalating war. Just days after threatening to “obliterate” Iranian power plants if Tehran failed to reopen the Strait of Hormuz,…

The Times of India

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The Independent UK

Iran disputes Trump’s claim of ‘very strong’ peace talks

IN FULL

The Times of India

'Asim Munir spoke to Trump': Is Pakistan emerging as backchannel in Iran war?

Pakistan is positioning itself as a key mediator in the US-Israel-Iran conflict, with its army chief and prime minister engaging in separate calls with US and Iranian leaders. Islamabad has offered its capital as a venue for potential discussions, aiming to facilitate peace amid ongoing regional tensions and stalled diplomatic…

The Independent UK

Politics latest: Reeves’ energy bill support plan branded ‘unbelievably weak’ and ‘waste of time’

Zak Polanski says chancellor ‘does not understand the scale of the cost of living crisis about to hit this country".

The Independent UK

Starmer under fire over Britain’s preparedness for Iran war

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Evening Standard

Trump fuels hopes his Iran war will end soon by claiming US has ‘won’ and achieved regime change in Tehran

Asked by reporters outside the White House how confident he is that a peace deal with Iran will hold, Trump said: ‘This war has been won’

Euronews

Iran launches strikes against Israel and Gulf states after denying talks with US

Tehran continued to launch strikes against targets in the region, after denying the US president's claims of "very good" talks between the two sides to end the Iran war.

The Guardian - UK

Tuesday briefing: With the horror of conflict throughout the globe, how likely is world war three?

In today’s newsletter: Our diplomatic editor on how global instability feeds into conflict in so many parts of the world, and whether the threshold for a major global war has been met

International Business Times UK

Is Iran Attacking the UK? Worst Scenarios, Defensive Stance As Reports Show Two Missiles Fired at Diego Garcia Base

Iran fired missiles toward Diego Garcia, a UK-US base, raising fears of escalation, but officials say there is no direct threat to the UK mainland.

International Business Times UK

US-Iran War Update: Could Trump's 'Strait of Hormuz Will Open Soon' Claim Signal a Peace Overture or a Bluff?

President Trump's potential peace move with Iran and its impact on the Strait of Hormuz. How this could affect global oil prices

Fortune

Airlines are preparing for the worst as Iran war enters its fourth week. But demand is still strong, and travelers are willing to pay higher fares

Despite threats to the global jet fuel supply, airline demand is high as ever. Expect that to hit your wallet soon.

The Times of India

Weaponising Strait of Hormuz is 'economic terrorism': UAE minister warns of global fallout

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC) said on Monday that weaponising the Strait of Hormuz is an act of 'economic terrorism' while highlighting the global consequences that affect far…

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