Category Archives: US-Israel war on Iran

Can the IEA put a lid on the price per barrel by releasing oil stockpiles?

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Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the International Energy Agency (IEA) was created, in the hope of limiting future shocks.

Almost half a century on, the IEA’s 32 members have drawn up plans to hit the emergency button, for only the fifth time in its history.

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Mojtaba Khamenei was hurt in strike that killed his father, Iran’s Cyprus ambassador confirms

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Alireza Salarian says Iran’s new supreme leader was lucky to survive strike that killed six of his family members

Iran’s new supreme leader, Mojtaba Khamenei, was injured in the 28 February attack that killed six of his family members, including his father, Tehran’s ambassador to Cyprus has confirmed.

In an interview conducted at his embassy compound in Nicosia, Alireza Salarian elaborated on the circumstances in which Khamenei, 56, was injured, saying he was lucky to survive the strike, which levelled the late ayatollah’s residence.

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Thousands of pets being abandoned in Dubai as owners flee over Iran war

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RSPCA say animals could become ‘hidden victims’ of conflict as charities in Gulf city report being overwhelmed

Thousands of pets are being abandoned in Dubai as their owners flee the Middle East because of the Iran war, animal charities have said.

The RSPCA said pets of fleeing UK nationals could become “hidden victims” of the conflict as people who had relocated to the Gulf city scramble for an exit and struggle to bring their animals.

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US weighs sending forces into Iran to secure nuclear stockpile, reports say

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Tehran has enough material to make at least 10 nuclear warheads but extracting it would be very risky, say experts

The Trump administration is reportedly considering the deployment of special forces into Iran to secure its stockpile of highly enriched uranium (HEU), which experts say could be used to make at least 10 nuclear warheads.

Preventing Iran from acquiring a bomb is one of Trump’s stated war aims, and the 440kg HEU stockpile represents the greatest nuclear threat as it could be turned into weapons-grade uranium relatively easily. The US secretary of state, Marco Rubio, has told Congress that “people are going to have to go and get it”.

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Royal Navy’s HMS Dragon sails for eastern Mediterranean

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Destroyer leaves Portsmouth a week after deployment was announced following drone attack on RAF base in Cyprus

The Royal Navy destroyer HMS Dragon departed Portsmouth on Tuesday afternoon for the eastern Mediterranean after six days of hasty preparation and a week after its deployment was announced by the prime minister.

The warship is expected to take between five and seven days to arrive off the coast of Cyprus, where it will be able to defend against drone and missile attacks from Iran or its proxies in Lebanon or Iraq.

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Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon

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Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storage

Saudi Arabia’s state oil company has warned of “catastrophic consequences” for the world’s oil markets if the US-Israeli war with Iran continues to block shipping in the strait of Hormuz.

The world’s biggest oil exporter expects to be able to supply the market with about 70% of its usual crude output despite the stranglehold on the vital trade artery, but its chief executive warned that there would still be “drastic” consequences for the world economy if the disruption continues.

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Iranians living in UK tell Starmer that war will only strengthen Tehran regime

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Nazanin Zaghari-Ratcliffe among more than 100 signatories to letter urging PM not to get drawn further into the conflict

Nazanin Zaghari-Ratcliffe is among three of Iran’s former political prisoners and more than 100 Iranians living in the UK who have urged the British prime minister not to get drawn further into the Iran conflict.

They are all signatories in a letter to Keir Starmer saying the way the war is being conducted is strengthening the regime in Tehran.

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Cathay Pacific offers £20,000 Sydney-London flight amid disruption in Gulf

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Hong Kong-based airline has business-class return listed at A$39,577, as travellers seek routes avoiding Middle East

The Hong Kong-based airline Cathay Pacific is selling seats from Sydney to London for more than £20,000 in April, as passengers search for scarce long-haul flights without changing in the Middle East.

The tickets, listed at A$39,577 in business class for returns departing in mid-April, far outstrip the usual fares charged even in the first-class cabin.

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Qantas hikes international air fares citing volatile oil prices from war in Middle East

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Airline reports spike in ticket sales to Europe in March, as passengers with carriers affected by flight chaos rebook

Qantas has announced it is increasing the price of its international air fares amid oil price volatility caused by the war in the Middle East, while the airline also reported higher-than-normal ticket sales for flights to Europe.

While the company hedges against change in jet fuel prices, it was not fully covered for the spike seen in the wake of surging oil prices, a spokesperson said on Tuesday.

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Trump’s Iran war will reinforce North Korea’s view that nuclear weapons are the only path to security

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As speculation mounts that Kim Jong-un and Trump could meet this month, analysts say Pyongyang will continue to see nuclear weapons as a matter of survival

North Korea’s launch last week of a missile from a naval destroyer elicited an uncharacteristically prosaic analysis from the country’s leader, Kim Jong-un. The launch was proof, he said, that arming ships with nuclear weapons was “making satisfactory progress”.

But the test, and Kim’s mildly upbeat appraisal, were designed to reverberate well beyond the deck of the 5,000-tonne destroyer-class vessel the Choe Hyon – the biggest warship in the North Korean fleet.

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Trump claims Iran or ‘somebody else’ could have carried out deadly school strike

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President makes evidence-free claim despite video showing US Tomahawk missile hit naval base next to school

As oil prices surged amid the widening war with Iran, Donald Trump suggested, without evidence, on Monday that the strike on an Iranian elementary school could have been carried out by Iran or “somebody else”.

During back-to-back appearances in Florida, Trump was asked whether the US would accept responsibility for a strike that hit the school and killed scores of people, many of them children, after video evidence showed a US Tomahawk struck the naval base next to it.

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Trump says Iran war is ‘very complete, pretty much’ as economic toll rises

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President reassures Republicans that conflict is intended to be short lived but also says ‘we haven’t won enough’

Donald Trump has said that the war in Iran is “very complete, pretty much”, as the economic toll of the joint US-Israeli operation has risen, disrupting global oil trade and threatening to engulf the Middle East in a regional war.

Trump made the comments before a speech and press conference in Florida where he sought to emphasise that the US military campaign would be ending soon amid concerns from Republican allies that the US was being dragged into another long-term conflict in the region.

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So Badenoch, Farage and Blair think the Iran war is a great idea? Hmm … | John Crace

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Kemi may be all in favour, but at least economic realpolitik is forcing her to take a slightly different tack

There have been any number of opportunities for people to decide they wanted no part of America’s war with Iran. The first was after the US had launched its first wave of strikes. To be fair, this was the moment Keir Starmer and most of the UK reckoned enough was enough and that our involvement would be limited to defensive strikes only.

You couldn’t really fault the logic. Did the UK really want to be part of a war that was illegal in most versions of international law and for which the Americans had no clear vision of how it might end? Other than Donald Trump gets bored and lets everyone else clear up his mess. Like a baby. Nor was the UK’s track record of wars in the 21st century any source of pride. Iraq, Afghanistan and Libya had all been in chaos. Iran was shaping up the same way. So Starmer decided to sit this one out. Applying the doctor’s principle of “first, do no harm”.

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Emmanuel Macron vows Europe will stand by Cyprus after Iran drone strike

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French president says attack on island is ‘an attack on Europe’ as EU states send military support

Emmanuel Macron has vowed that Europe will do whatever it takes to stand by Cyprus, the continent’s first state to be directly affected by the Iran war, after coming under what he described as “attack from multiple drones and missiles.”

In the strongest show yet of solidarity towards the EU member closest to the Middle East, Macron likened the attacks, which included a drone strike against a British base on the eastern Mediterranean island, to an attack on Europe.

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Ukraine sent drone experts to protect US bases in Jordan, says Zelenskyy

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Interceptor drones and operators deployed to Middle East after ‘requests for help from 11 countries neighbouring Iran’

Ukraine’s president has said he dispatched interceptor drones and operators to protect US bases in Jordan last week, one of 11 countries that had asked Kyiv for help as the US-Israeli war against Iran continued into its 10th day.

Volodymyr Zelenskyy said in an interview that he had responded to a US request for help in defending Jordan last week as Ukraine seeks to improve relations with Gulf and Middle Eastern countries coming under attack from Iran.

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Von der Leyen calls for EU foreign policy to be ‘more realistic and interest-driven’

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European Commission head says rules-based system can no longer be relied upon to protect the continent’s interests

Europe can “no longer be a custodian for the old-world order” and needs “a more realistic and interest-driven foreign policy”, the head of the European Commission has said.

Speaking to an audience of EU ambassadors on Monday, Ursula von der Leyen said the union “will always defend and uphold the rules-based system” but could no longer rely on it to defend European interests and shelter the continent from threats.

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Middle East crisis live: Mojtaba Khamenei chosen as Iran’s new supreme leader; oil prices soar past $100 a barrel

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Iran has named hardliner Mojtaba Khamenei as the country’s new supreme leader; Donald Trump says oil price spike ‘a small price to pay’ as markets tumble

Donald Trump has said a decision on when to end the war with Iran will be a “mutual” one he’ll make together with Benjamin Netanyahu, the Times of Israel has reported.

It said Trump also claimed in a brief telephone interview on Sunday that Iran would have destroyed Israel if he and Netanyahu had not been around. The US president said:

Iran was going to destroy Israel and everything else around it … We’ve worked together. We’ve destroyed a country that wanted to destroy Israel.

I think it’s mutual … a little bit. We’ve been talking. I’ll make a decision at the right time, but everything’s going to be taken into account.

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Iran war drives oil prices above $100 a barrel for first time since 2022

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Donald Trump insists surge in energy prices is ‘very small price to pay’ as Middle East conflict sparks fresh stock market sell-off

Oil prices surged past $100 per barrel for the first time since 2022 as fallout from the US-Israel war with Iran continued to rattle global markets and leading economies moved to tackle a worsening energy supply crisis.

A weekend of escalating violence in the Middle East intensified concerns around a sustained supply crunch, propelling oil prices to their highest level in four years and triggering a deep stock market sell-off.

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Monday briefing: ​How are Iranians abroad grappling with loss and uncertainty from afar?

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In today’s newsletter: Across the Iranian diaspora, reactions to the escalating conflict reveal a complex mix of fear, grief and deep political ambivalence

Good morning. War has broken out in the Middle East. As the Iran war broadens and spills out into neighbouring countries, media agencies have rightly focused on trying to understand how the conflict came about, where bombs have fallen, and how many have died, while many states globally fear spikes in energy prices and wonder how the war will impact their economies.

What can easily get lost are the voices of the people directly affected.

Iran | Mojtaba Khamenei, the second son of the late Iranian supreme leader Ayatollah Ali Khamenei, has been chosen as his successor.

UK politics | Keir Starmer sought to repair fractured relations with Donald Trump over the war with Iran on Sunday, as a Labour backlash gathered pace over Tony Blair’s assertion the UK should have supported the US’s initial airstrikes on Iran.

Energy | Great Britain has only two days of fossil gas stored after a decline in energy reserves, as more tankers carrying liquefied natural gas are diverted from their course to Europe towards Asia because of the Iran war. Meanwhile, global oil prices surged past the $100 (£74) a barrel mark for the first time since 2022.

Health | More than 400 lives may have been saved as a result of Martha’s rule, which lets NHS patients request a review of their care. Thousands of patients were either moved to intensive care, received drugs they needed or benefited from other changes as a direct result of over 10,000 calls to helplines.

AI | ChatGPT is driving a rise in reports of organised ritual abuse and “witchcraft, spirit possession and spiritual abuse” against children – which is historically under-reported in the UK – as survivors of “satanic” sexual violence use the AI tool for therapy.

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Ali Khamenei’s son Mojtaba chosen as Iran’s new supreme leader

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Move could lead to escalation of war as Donald Trump has already called Mojtaba Khamenei an unacceptable choice

Mojtaba Khamenei, the second son of the late Iranian supreme leader Ayatollah Ali Khamenei, has been chosen as his successor.

Members of the clerical body responsible for selecting Iran’s highest authority announced the decision on Sunday, calling on Iranians to rally behind him and preserve national unity.

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