Israel launched strikes on Tehran and Beirut on Saturday (21 March) as the United States deployed thousands of additional Marines to the Middle East, while President Donald Trump criticised NATO allies as "cowards" over their reluctance to help open the Strait of Hormuz.
The Israeli military said it had targeted sites in Iran and carried out strikes in Beirut on Saturday, as it intensified operations against Hezbollah, the Iran-backed militia.
The strikes marked the deadliest spillover into Lebanon since Hezbollah began firing on Israel in support of Tehran on 2 March.
Israel also confirmed new strikes on Iran, including in the capital Tehran, according to a military statement.
Key energy infrastructure across Iran and neighbouring Gulf states has been hit, with oil prices rising by around 50% since the conflict began, raising concerns about a global economic shock.
In the United States, United Airlines said it would cut scheduled flights by 5% in the second and third quarters, citing expectations of prolonged higher fuel costs.
The Strait of Hormuz, a critical route for around one-fifth of global oil and liquefied natural gas supplies, has been effectively closed to most shipping since the United States and Israel launched military operations against Iran.
Trump on Friday accused U.S. allies of "cowardice" for declining to assist in reopening the strait.
Several allies, who were not consulted prior to the conflict, have said they would support "appropriate efforts" to ensure safe passage, although Germany and France have stressed that fighting must first stop.
German Chancellor Friedrich Merz said he would speak with Trump over the weekend.
Iran is prepared to allow Japanese-linked vessels to pass through the Strait of Hormuz, Kyodo News reported on Saturday, citing Iranian Foreign Minister Abbas Araghchi. Japan receives around 90% of its oil imports via the route.
The White House said it would waive sanctions for 30 days, allowing the sale of around 140 million barrels of Iranian oil stranded on tankers, in an effort to stabilise global markets.
The administration had previously eased sanctions on a similar amount of Russian oil.
Before launching Saturday’s strikes, the Israeli military said it had issued evacuation warnings for seven neighbourhoods in Beirut’s southern suburbs.
More than 1,000 people have been killed in Lebanon and over one million have been displaced, according to reports.
Iran’s Supreme Leader Ali Khamenei, who has not been seen in public since the Israeli attack that killed his father, said Iranians had responded with unity and resistance, adding they had "dealt a disorienting blow to the enemy".
A U.S. intelligence official, speaking on condition of anonymity, said Khamenei's statement raised questions about his condition, noting that his father had traditionally delivered a New Year address.
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While a fragile ceasefire in the Iran war may deliver badly needed relief to economies battered by the world’s worst-ever energy crisis, hopes it will quickly restore normal oil and gas flows from the Middle East are almost certainly misplaced.
Russia will see revenue from its biggest single oil tax double to $9 billion in April, driven by the oil and gas crisis triggered by the U.S. and Israeli attack on Iran, Reuters calculations showed on Thursday.
NATO Secretary General Mark Rutte said on Wednesday he believes that some NATO countries were tested and failed amid Washington's criticism over European allies not getting involved in the U.S. and Israel's war against Iran.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Dubai’s most iconic hotel, the Burj Al Arab, is set to close for the first time since opening in 1999 as it begins an extensive 18-month refurbishment aimed at preserving its status as a global symbol of luxury.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Azerbaijan and Russia have announced a formal settlement over the 2024 crash of an Azerbaijan Airlines (AZAL) Embraer 190 near Aktau, confirming that all outstanding issues, including compensation, have been resolved.
U.S. President Donald Trump said on Thursday that there was a "good chance" of a peace deal between Lebanon and Israel happening soon, after he announced a 10-day ceasefire between the two countries.
Türkiye is reeling after a second school shooting in as many days, after a 14-year-old student killed nine people - eight pupils and one teacher - and wounded 13 others at a middle school in the south-eastern province of Kahramanmaraş on Wednesday, officials said.
Georgia’s parliament has approved fast-tracked amendments to the Law on Grants, introducing new exemptions and expanding the state’s role in defining and overseeing foreign funding.
Nine people, including eight children, were killed in a shooting at a middle school in Türkiye’s southeastern Kahramanmaraş province on Wednesday. Thirteen others were injured, sparking public outrage and raising concerns about a rare phenomenon in the country.
South Korea will import 18 million barrels of Kazakh oil via routes bypassing the Strait of Hormuz, as it seeks to shield its energy supply from mounting instability in the Middle East.
Kazakhstan has ratified an allied relations treaty with Tajikistan and a strategic partnership agreement with the United Kingdom, aiming to deepen regional cooperation and expand ties with a major foreign investor.
The United Nations says it reached millions of Afghans with healthcare, education and livelihoods support in 2025, despite declining global humanitarian aid and mounting pressures from displacement, climate shocks and operational constraints.
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