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Iran War: Oil Prices Surge, Global Impacts Widen, Costs Exceed $11B
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The conflict between the US and Iran has escalated, resulting in significant economic and geopolitical consequences. Oil prices have surged above $110 a barrel due to heightened tensions and attacks in the Gulf region. The Strait of Hormuz, a critical waterway for oil transport, has experienced disruptions, further exacerbating the situation. The Pentagon has reported that the first week of the war cost the US over $11 billion, a figure that does not fully account for the long-term economic impact.Articole despre acest subiect
Foto: The Guardian
Pentagon tells lawmakers Iran war costs top $11.3bn – but true price unknown
US already spent more than $11.3bn in first six days of conflict, but price tag does not include all spendingMiddle East crisis – live updatesPentagon officials told top lawmakers in a closed-door briefing on Tuesday that the cost of the war against Iran has already exceeded $11.3bn in its first six days, but the true cost of the opening days of the conflict is likely far greater, according to two people familiar with the matter.But the estimate, presented during a classified briefing on Capitol
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Foto: The Guardian
‘Could be the making of him’: Starmer’s allies praise stance on Trump and Iran
Refusal to kowtow to US president has won public backing – and left Badenoch and Farage playing catch-upIt is not often that Keir Starmer’s allies believe he has Nigel Farage and Kemi Badenoch on the run – but on Iran, they think he is on the right side of history and public opinion.“It could be the making of him,” said Emily Thornberry, the Labour chair of the foreign affairs committee, who was first out of the blocks to say she thought Donald Trump’s strikes on Iran were illegal. “You’ve not h
Citeste pe The Guardian →Iran war: Trump dials up the pressure to secure Hormuz
President Donald Trump warned NATO of a 'very bad' future if allies didn't exert more pressure to reopen the waterway. Plus, Dubai Airport has temporarily suspended flights after a drone incident near its airfield.
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Foto: BBC News
'I just want to be able to sleep': Attacks in Iran rock cities and cut power
Iranians in Tehran and Karaj tell the BBC they are exhausted and struggling to sleep after 10 days of Israeli and US attacks.
Citeste pe BBC News →Iran war: Germany firmly against military role in conflict
German Chancellor Friedrich Merz said NATO is a defensive alliance, not one for military intervention. US President Trump has been pressuring allies to help open the Strait of Hormuz. Follow DW for more.
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Foto: The Independent
DHS hasn’t published a threat report since Trump took office and has gone silent on dangers from Iran War
National security experts have warned about the lack of communication to the public about potential terror threats on home soil amid the Iran War
Citeste pe The Independent →Still no Mojtaba: Iran war enters third week amid leadership crisis as Norwuz looms
Iran’s war enters a third week as uncertainty over Mojtaba Khamenei, as rising tensions over possible unrest around Nowruz and Chaharshanbe Suri and oil market turmoil deepen the crisis.
Citeste pe Euronews →Strait of Hormuz halts after US‑Israel attack on Iran
US President Trump has carried out his threat to attack Iran, shifting attention to the Strait of Hormuz, the world's most critical oil chokepoint. Iran has repeatedly threatened to block the vital waterway.
Citeste pe Deutsche Welle →Historian shares how Russia benefits from the US being at war with Iran
NPR's A Martinez speaks with historian Sergey Radchenko about how Russia benefits from the U.S. being at war with Iran.
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Foto: France 24
Modern wars grow interconnected as Ukraine and Russia seek strategic foothold in Iran war
Eve Irvine is pleased to welcome Scott Lucas, journalist and Professor of American Studies and International Politics at the Clinton Institute, University College Dublin. The war in Ukraine and the escalating confrontation with Iran are no longer separate geopolitical theatres, explains Professor Lucas. They are increasingly interconnected through technology, alliances, and strategic calculations. Ukraine’s experience in what has become the world’s first large-scale drone war gives it a unique c
Citeste pe France 24 →Iran war latest: Israeli military hits Tehran, as Gulf countries continue to repel Iranian attacks
The Israeli military said it hit Tehran and other areas with new strikes. Countries in the Persian Gulf continue to repel fresh Iranian attacks. Follow live.
Citeste pe Deutsche Welle →Pakistan to close schools, cut spending over Iran war
Pakistan announced fuel- and cost-saving measures to mitigate the economic strain from the ongoing conflict in Iran. The steps include temporary school closures, government salary cuts, and a ban on iftar gatherings.
Citeste pe Deutsche Welle →Iran war: Oil prices spike as Iran steps up attacks in Gulf
Iran is continuing to target energy infrastructure across the Gulf, as the IEA says the conflict is unleashing the largest oil supply disruption in history. Follow DW.
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Foto: New York Times
First Week of Iran War Cost More Than $11 Billion, Pentagon Tells Congress
In a Capitol Hill briefing, officials gave their most comprehensive assessment of the cost of the first six days of the war, but the number omitted several aspects of the operation.
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Foto: France 24
US war on Iran: 'An American war in desperate search of a strategy'
FRANCE 24's François Picard is pleased to welcome Dr. Rouzbeh Parsi, Adjunct Senior Lecturer at Lund University in Sweden. According to Dr. Parsi, the current political situation in Iran should be approached with caution, too much attention is being paid to the potential rise of Mojtaba Khamenei. Yet the Islamic Republic is not a system built around a single person, especially during a time of war. Decision-making power lies with institutions such as the Revolutionary Guards and the broader secu
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Foto: The Guardian
So Badenoch, Farage and Blair think the Iran war is a great idea? Hmm … | John Crace
Kemi may be all in favour, but at least economic realpolitik is forcing her to take a slightly different tackThere 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 real
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Foto: France 24
Iran: A 'Nepo-Ayatollah', the 'Hubris trap" & the costs of a "very complete war"
It’s been a week that’s seen a new Ayatollah proclaimed in Iran. Mojtaba Khamenei, son of the assassinated supreme leader Ali Khamenei, has not been seen in public and is believed to be in hiding after reportedly being injured in the same strike that killed his father. State television showed crowds chanting “Long Live Khamenei”, while at night in Tehran some residents risked arrest to shout from their windows: “Death to Mojtaba”. A statement attributed to the new leader vowed continued attacks
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Foto: New York Times
Trump’s Iran War Is Causing Problems For His Ally in Italy, Giorgia Meloni
War in the Middle East has left Italy’s prime minister in a domestic bind, presenting her with one of the biggest challenges of a previously stable tenure.
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Foto: BBC News
Oil prices surge above $110 and shares slide over Iran war
Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.
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Foto: France 24
‘We cut down the menu’: Cooking gas crisis hit restaurants in India amid war in Iran
Restaurants in India are suffering the consequences of disruptions to supplies of cooking gas caused by the war in the Middle East. Two restaurant owners describe the mounting challenges of operating under the crisis and the measures they’re taking to adapt.
Citeste pe France 24 →Gulf states report drone attacks early on Monday as Iran war enters day 17
Iran’s health ministry says the death toll has now surpassed 1,300 in US-Israeli attacks, including 445 women and children. Tehran has vowed to retaliate to avenge the deaths of its “martyrs”, as it rules out ceasefire talks with Washington despite Trump claims. Follow our live blog.
Citeste pe Euronews →See where U.S. installations have been damaged in the war with Iran.
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Foto: Sydney Morning Herald
US-Iran war live updates: Top Iranian security official Ali Larijani killed in strike, Israel claims; Trump says US will leave Iran in ‘very near future’
Iran is yet to confirm reports of top security official Ali Larijani’s death. Follow our live coverage of the conflict in the Middle East and related developments in Australia.
Citeste pe Sydney Morning Herald →Starmer says world ‘can’t lose focus’ on Ukraine as Iran war rages
The British prime minister held talks with Ukraine's Volodymyr Zelenskyy in London Tuesday.
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Foto: Sydney Morning Herald
‘We don’t need anyone’s help’: Trump lashes out at NATO allies, Australia over Iran war
The president named Australia among the countries whose help he no longer needed or wanted as the US and Gulf states try to unblock the crucial Strait of Hormuz.
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Foto: Bloomberg
Russia's Providing Iran With Intelligence to Take Out Us Targets Says Rep. McCaul
Representative Michael McCaul, a Texas Republican, said he disagrees with the administration's move to lift some sanctions on Russian oil because Moscow is an adversary that is aiding Iran in targeting US assets. Rep. McCaul joined to discuss on Bloomberg's Balance of Power. (Source: Bloomberg)
Citeste pe Bloomberg →Europe could offer to help Trump on Iran — if he backs Ukraine, Finland’s Stubb suggests
Alexander Stubb, a golf buddy of the U.S. president, says it's a “really good idea” to try to bargain with Trump, who wants Europe to help him open the Strait of Hormuz.
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Foto: Financial Times
US airlines say demand for travel is booming despite the war in Iran
Delta, United and American point to robust bookings among deep-pocketed travellers even as conflict boosts prices
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Foto: The Independent
Donald Trump’s new tantrum: we don’t need anyone’s help in Iran war
The US president lashed out at his ‘foolish’ allies multiple times before insisting that the US was the most powerful country in the world and did not need any help
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Foto: The Guardian
Australia news live: Trump lashes out at Australia over absence of allies against Iran; Cyclone Narelle forms in Coral Sea
US president says his country does not ‘need or desire’ the help of Nato, Japan, Australia or South Korea. Follow today’s news live Get our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then Nick Visser will take the reins.After a day of grim headlines yesterday, with economists forecasting recession for Australia, Jim Chalmers has come out fighting, telling 7.30 last night “that’s not somet
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Foto: ABC Australia
Live: Trump says US 'no longer' needs NATO allies, Australia in Iran war
Donald Trump says the US "do not need the help of anyone" in the war against Iran, calling out NATO allies and Australia in a fiery social media post. Follow live.
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Foto: ABC Australia
What you need to know about Iran today, with Matthew Doran
The ABC's Middle East correspondent Matthew Doran is in Beurit and is providing daily updates on the Middle East war.
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Foto: New York Times
U.S.-Israeli Strikes on Iran Set to Drive Hunger to Record Levels
Tens of millions more people around the world could face acute hunger as the war in the Middle East continues to disrupt shipping and drive up oil prices.
Citeste pe New York Times →War in Iran: Chronically ill fight for survival
As a consequence of the US-Israeli war against Iran, a new humanitarian crisis is looming. Millions of chronically ill people in Iran are at risk of losing access to medical care.
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Foto: Bloomberg
Economic Shocks Loom As Iran War Escalates
The Department of Defense is preparing to ask lawmakers for additional funding following the joint US-Israeli strikes on Iran. It’s far from clear whether there’s enough support in Congress to pass a supplemental funding bill for the Pentagon, as the vast majority of Democrats decry the White House’s new war against Tehran. But the Defense Department plans to ask Congress for more money anyway. But what will this boost in defense spending mean for current the US deficit? Maya MacGuineas, preside
Citeste pe Bloomberg →La guerre en Iran et la crise énergétique bousculent le programme du sommet européen
Les dirigeants européens espéraient se concentrer sur les problèmes de compétitivité à long terme de l’Union. Au lieu de cela, ils devront trouver des solutions aux crises en cours.
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Foto: New York Times
The Iran War Is Pushing Some Countries to Cut Back On Energy Use
As the conflict enters its third week, some nations are trying to reduce energy use, including a mandatory energy holiday in Sri Lanka.
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Foto: The Guardian
Democrats urge windfall tax as big oil set to make billions from Iran war
Progressive and green groups join call for tax on major fossil-fuel companies to help offset rising living costsWith big oil companies poised to reap billions of dollars in profits from the war in Iran, Democratic lawmakers and progressive groups are calling for a windfall tax on major fossil fuel companies.The US-Israeli strikes on Iran have triggered the largest ever disruption to fuel supply, according to the International Energy Agency, sending crude costs surging over $100 per barrel in rec
Citeste pe The Guardian →Iran suffers another blow to its leadership with 2 top officials killed
Israel says it has killed two top Iranian leaders in airstrikes. One killed was the head of the National Security Council, a hardliner who had been a negotiator on Iranian nuclear talks.
Citeste pe NPR →Trump lashes out at NATO after countries decline to help in Iran
President Trump says NATO is making "a very foolish mistake" after countries decline to help secure the Strait of Hormuz.
Citeste pe NPR →Human rights advocates: War with Iran could spark new age of nuclear proliferation
Could the war with Iran lead to a world with more nuclear weapons, not less? Mary Louise Kelly speaks with Zeid Raad Al Hussein, about a potential new age of nuclear proliferation.
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Foto: The Independent
US orders all its embassies to review security after Baghdad compound hit by strikes in Iran war: report
At least three drones reportedly targeted the US embassy in Iraq’s capital Tuesday
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