Middle East crisis live: Iran steps up campaign to disrupt energy markets as oil price spikes above $100 a barrel

Iran has set ablaze two tankers in Iraqi waters as it increased attacks on oil and transport facilities across the Middle East

An Iranian source is denying the country will allow India-flagged tankers to pass through the vital strait of Hormuz, Reuters is reporting.

The news agency a little earlier quoted an Indian source as saying Iran would in fact allow such tankers to pass through the strait, a key artery for global oil trade.

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We attacked Iran with no clear plan for regime change, Israeli security sources say

If regime holds, control of enriched uranium may be ultimate measure of US-Israeli success, insiders say

Israel did not have a realistic plan for regime change when it attacked Iran, multiple Israeli security sources have said, with expectations that airstrikes could lead to a popular uprising having been driven by “wishful thinking” rather than hard intelligence.

Iran has survived nearly two weeks of bombing raids and the assassination of Ayatollah Ali Khamenei, and Trump is publicly contemplating ending the increasingly costly war.

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We attacked Iran with no clear plan for regime change, Israeli security sources say

If regime holds, control of enriched uranium may be ultimate measure of US-Israeli success, insiders say

Israel did not have a realistic plan for regime change when it attacked Iran, multiple Israeli security sources have said, with expectations that airstrikes could lead to a popular uprising having been driven by “wishful thinking” rather than hard intelligence.

Iran has survived nearly two weeks of bombing raids and the assassination of Ayatollah Ali Khamenei, and Trump is publicly contemplating ending the increasingly costly war.

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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

Good morning, and apologies for the interruption to your usual programming. Stepping out from behind the editing desk to write today’s newsletter feels somewhat like a player-manager throwing himself on to the pitch, but I’ll try not to destabilise your morning routine too much. Lord knows, the world doesn’t need any more chaos.

Since the US and Israel first attacked Iran two weeks ago, it’s been a scramble to keep up with events. The death of a supreme leader, speculation about his successor, global implications ranging from oil price spikes to drones raining down on once-safe cities like Doha and Dubai – the world has rarely felt so unstable.

Iran | Iran dramatically escalated its strategy of striking civilian infrastructure and transport networks across the Gulf on Wednesday, attacking commercial ships and targeting Dubai’s international airport as US and Israeli warplanes launched new waves of strikes on the Islamic Republic.

UK news | Keir Starmer overruled officials who warned of a “reputational risk” in making Peter Mandelson US ambassador, despite being handed a dossier of evidence about the peer’s relationship with the sex offender Jeffrey Epstein, documents reveal.

Artificial intelligence | Popular AI chatbots helped researchers plot violent attacks, including bombing synagogues and assassinating politicians, with one telling a user posing as a would-be school shooter: “Happy (and safe) shooting!”

Oil | The International Energy Agency is poised to call for the largest release of government oil reserves in its history to help calm the oil price shock triggered by the US-Israeli attacks on Iran.

UK politics | Keir Starmer warned his cabinet against an “overly deferential” approach to the Welsh, Scottish and Northern Irish governments, telling ministers they should be prepared to make spending decisions “even when devolved governments may oppose this”, according to a leaked memo.

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Countries must seek energy independence through renewables and nuclear, says John Kerry

Former US secretary of state says oil shock driven by war in Iran highlights dangers of reliance on fossil fuels

Countries must seek energy independence through renewable resources and nuclear energy for their national security, and to avoid the “choke points” of fossil fuel supply, the former US secretary of state John Kerry has warned.

The war in Iran has sent oil prices soaring, as refineries and fields have closed down in several Middle Eastern countries and many tankers are stranded in the strait of Hormuz, with economic impacts beginning to be felt around the world.

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

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

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

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

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

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

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

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

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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Democrats file new war powers resolutions and call for public hearings on Iran strikes

Senators say Trump allies such as Hegseth and Rubio should be forced to testify to Congress on ‘unnecessary war’

Democratic senators have filed a wave of new war powers resolutions as they call on Republicans to convene public hearings into the US hostilities with Iran or be forced to vote on continuing a conflict that polls show majorities of Americans do not support.

Late last week, Democrats Cory Booker of New Jersey, Tim Kaine of Virginia, Adam Schiff of California, Tammy Baldwin of Wisconsin and Chris Murphy of Connecticut filed resolutions under the War Powers Act that would force the US military to withdraw from the war with Iran unless Congress votes to authorize the engagement.

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

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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X suspends 800m accounts in one year amid ‘massive’ scale of manipulation attempts

Social media company tells MPs of continual fight against state-backed efforts, with Russia being most prolific

Elon Musk’s X said it had suspended 800m accounts over a 12-month period as it fights the “massive” scale of attempts to manipulate the platform.

The social media company told MPs it was continually fighting state-backed attempts to hijack the agenda on its network, with Russia the most prolific state actor, followed by Iran and China.

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

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

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

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?

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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