Turkey is seeking an off-ramp to the war involving Iran, engaging both the US and the Islamic Republic in an effort to initiate negotiations on a potential deal, sources familiar with the matter told Middle East Eye on March 24.
Finland’s President Alexander Stubb has warned that relations between the US and Europe are fracturing under Donald Trump’s policies, urging allies to “salvage what you can” of the transatlantic alliance.
More than 40 energy assets across nine countries in the Middle East have been “severely or very severely” damaged by the ongoing conflict, raising the risk of prolonged disruption to global energy supplies, according to the IEA.
Finland’s President Alexander Stubb has warned that relations between the US and Europe are fracturing under Donald Trump’s policies, urging allies to “salvage what you can” of the transatlantic alliance.
Russia could earn as much as $252bn in windfall export revenues from escalating conflict in the Middle East, as higher energy prices driven by tensions in the Persian Gulf bolster the Kremlin’s finances, according to analysis by KSE.
Will GCC be drawn into war and unite against Iran? The foreign ministers of Turkey, Saudi Arabia, Egypt and Pakistan met in Riyadh on March 18 to discuss a possible security pact and taking up arms against Iran.
A Russian energy analyst says Iran's "open to all" Hormuz policy would in practice block most Gulf and European shipping, as Tehran keeps the definition of "enemy" vessels deliberately vague.
Iran's parliament speaker warns that any US strike on power plants will trigger "irreversible" destruction of Gulf energy infrastructure, after Trump gives Tehran 48 hours to reopen the Strait of Hormuz.
Zelensky says 228 Ukrainian counter-drone specialists are now deployed across the Gulf as Ukraine leverages its battlefield expertise against the same Iranian drone technology used in both wars.
Three killed and three wounded in a strike on a village in Iran's East Azerbaijan province, far from military targets, as attacks on civilian areas across Iran continue into the conflict's third week.
At least 16 civilian cargo boats destroyed in an Israeli-US strike on the commercial dock at Bandar Lengeh, a traditional trading port on the Strait of Hormuz that served as a lifeline for local communities.
A US F-35 is hit by confirmed Iranian fire over central Iran , the first confirmed hit on the $100mn stealth jet since it entered service in 2015.
Iran begins charging up to $2mn per vessel for passage through a new IRGC-controlled "safe corridor" in the Strait of Hormuz, with India, China, Pakistan and Iraq among countries negotiating access.
For more than 3,000 years, Nowruz has been Iran's national festival, but this year's war has darkened the mood.
Iran has begun extracting payments of up to $2mn per tanker for passage through the Strait of Hormuz, as the informal permits-for-passage system allowing only tankers from “friendly countries” through develops quickly.
In a dangerous escalation in the current armed conflict between Hezbollah and Israel, the latter began targeted strikes on critical infrastructure, most notable bridges and routes in the south, drawing attention to Tel Aviv’s operational strategy.
US Commander-in-Chief, meanwhile, says he told Netanyahu “don’t do that”. But he did do that.
There are few signs of de-escalation or a resumption in energy flows from the Persian Gulf. The market is having to reprice the duration of ongoing supply disruptions. We have updated our scenarios for oil and gas markets.
The EU’s plans to adopt a twentieth sanctions package against Russia have been frozen due to a disruption caused by the war in Iran, according to a diplomatic source cited by TASS on March 16.
Three weeks into the war with Iran, the trajectory of the conflict is beginning to resemble some of the worst-case scenarios long modelled by policymakers and analysts, according to Ilan Goldenberg, a former US Department of Defence official.