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The Latest Breaking News from Iran

Iranian oil squeeze tests Trump's war plans

"The Iranians f*cking around with the Strait makes him more dug in," a senior Trump official told Axios.

Axios

Oil prices surge despite global action to boost reserves

Oil prices and financial markets remained under pressure after three more cargo vessels were hit in the Gulf.

Evening Standard

Iran planned to bomb California, according to alert issued by FBI

The warning was issued before the US and Israel launched joint military action against Iran

Evening Standard

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Iranian regime-linked handler investigated by Australian police over alleged death threat

Protester alleges that Iranian handler ‘looked at us and then drew a line on his throat and pointed to us’

The Guardian - AU

Over a barrel: what does the energy crisis caused by the Iran war mean for UK households?

With the flow of oil from the Middle East drying up and energy prices skyrocketing, the economic outlook is grim. Jonathan Prynn looks at the options facing Rachel Reeves and Keir Starmer

Evening Standard

Why UK Banned Iran-Linked Al Quds March: Police Warn of Dangerous Clashes Amid Middle East Crisis

Why the UK Home Secretary banned the Al Quds march in London, citing public safety concerns amid Middle East tensions. Learn about the risks of violent clashes and their impact on local communities.

International Business Times UK

How Much Is the Iran War Costing the US? Pentagon Estimates $11.3 Billion in Just 6 Days

Explore the staggering $11.3 billion cost of the US-Iran conflict in just six days. Discover the financial, military, and human impacts as tensions escalate.

International Business Times UK

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Iran war briefing: WHO warns of ‘unprecedented’ catastrophe in Middle East

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The Independent UK

Iranian attack triggers huge blaze at Bahrain’s Muharraq government facility

Bahrain's interior ministry has released a video of a huge fire following Iranian attacks at a fuel tank storage facility in Muharraq Governorate, northeast of the country’s capital, Manama.

The Independent UK

Iran Allows Indian-Flagged Ships Safe Passage Through Strait of Hormuz

Iran has allowed Indian-flagged vessels to safely transit the strategically crucial Strait of Hormuz, even as maritime activity through the waterway has slowed significantly following recent United States and Israeli strikes on Iran. The development was reported by The Economic Times and comes amid rising concerns over the safety of…

Whats Hot

Oscars at centre of Iran drone attack fears

Following reports of an FBI alert – warning of a possible retaliatory drone attack targeting the US west coast, Oscars organisers say security arrangements for the ceremony are tight.

BANG Premier

Oil prices soar again after two tankers struck off coast of Iraq

Oil prices have surged past $100 a barrel following suspected Iranian attacks on multiple fuel tankers in Iraqi waters. Iraqi oil ports have completely ceased operations, prompting other countries to move their vessels from the area as a precaution. Iran has claimed responsibility for hitting a Thai bulk carrier yesterday,…

The Independent UK

Newsletter: Oil prices spiral despite historic reserve release

Also in this newsletter: European Commissioner for the Economy Valdis Dombrovskis tells Europe Today that a prolonged and escalating war in the Middle East could mean a 'stagflationary shock' for Europe.

Euronews

Largest ever oil reserves released as Iran war fuels price rises

The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped

The Independent UK

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The Guardian - UK

Middle East war creating ‘largest supply disruption in the history of oil markets’, as Brent crude hits $100 again – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

China positions itself as force for global stability at its annual Congress

China is signaling it will stay focused on technology and economic growth, even as U.S. tensions with Iran rise

The Independent UK

Brent crude oil briefly tops $100 a barrel as Iran attacks on shipping worsen supply concerns

The price of a barrel of Brent crude oil, the international standard, has topped $100 a barrel again, jolting markets just days after it spiked near $120

International Business Times UK

Trump Criticizes Spain as 'Very Bad' to NATO, Threatens Trade Embargo: Potential Impact on Jobs, Prices and Supplies

US-Spain tensions escalate as President Trump criticizes Madrid's NATO and Iran policies, threatening a trade embargo. Discover the potential economic, diplomatic, and military impacts on both nations.

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The Independent UK

As war spikes gas prices, drivers wonder how long it will last – and if they should go electric

Oil and gasoline prices are rising as the war in Iran intensifies and other global conflicts affect supply

Caixin Global

Business Brief (March 12): China Calls for Human Control Over Military AI Applications

China’s central bank promotes safe AI applications in financial sector, Chinese platforms respond to OpenClaw AI risks and limits

The Times of India

US mainland under threat? What FBI memo says about possible Iranian drone strike amid Middle East conflict

An FBI memo suggests Iran might launch a surprise drone attack on California from a ship. This possibility emerged after US strikes on Iran. California officials state they are prepared for emergencies. The alert follows recent US-Iran military actions in the Middle East, which began last month with strikes that…

Roll Call

Ukraine supporters oppose easing of Russia sanctions

Numerous lawmakers, including some Republicans, are outraged about the Trump administration’s easing of sanctions on Russian oil exports, amid reports that Moscow is helping Iran target U.S. troops in the Middle East. Treasury Secretary Scott Bessent, looking to ease a supply crisis caused by the Iran war that has driven…

The Independent UK

Bulletin AM briefing: Oil prices climb and questions over Mandelson appointment

Oil prices soar again after two tankers struck off coast of Iraq. Government pledges that home heating oil costs must be ‘fair’ amid Middle East crisis. Starmer warned about ‘reputational risk’ over Mandelson appointment. NHS trusts facing difficult decisions amid ‘perilous’ financial situation. The costly error that turned PSG-Chelsea clash…

The Guardian - UK

Thursday briefing: What an Iran negotiator thinks could happen next – and why Trump still has an off-ramp

In today’s newsletter: Robert Malley, who led talks for the 2015 Iran nuclear deal, helps make sense of the war

Euronews

Iran's new ayatollah vows to keep Strait of Hormuz blocked in regime-released statement

Tehran fired fresh barrages of drones and missiles early on Thursday as the Iran war nears the two-week mark. Air raid alerts were sounded in Israel as authorities warned of incoming Iranian fire, as Gulf states brace for more attacks.

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