Iran
Israel's South Pars missile strikes knock out a fifth of Qatar's LNG production
Iran’s missile strikes on Qatar’s Ras Laffan LNG complex at the start of the war sent a shock wave through the $400bn global LNG market. Israel’s attack on South Pars gas complex on March 18 has locked in the worst case scenario.
Israeli-US strike destroys 16 civilian cargo boats at Bandar Lengeh commercial dock
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.
US F-35 hit by Iranian fire in first confirmed hit on stealth jet
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 vessels to transit Strait of Hormuz through IRGC-controlled 'safe corridor'
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.
TEHRAN BLOG: Iran's new year Nowruz is not the same this year
For more than 3,000 years, Nowruz has been Iran's national festival, but this year's war has darkened the mood.
Iran’s permits-for-passage through Hormuz system is developing fast
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.
Which countries face the broadest international sanctions? Statista
As geopolitical tensions remain elevated and economic measures are becoming a key foreign policy tool, sanctions continue to shape global trade and diplomacy, Statista reports.
Malaysia emerges as regional energy and stock haven as Iran war drags on
Malaysia has emerged as one of Southeast Asia’s top-performing markets as the war in Iran drives energy prices higher and pushes global investors towards economies better positioned to weather volatility.
BEIRUTER: Lebanon’s Litani bridges at the centre of conflict with Israel
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.
ISTANBUL BLOG: Bedtime reading for Trump. Condemnation and denunciation from Arab and Islamic countries affirmed
US Commander-in-Chief, meanwhile, says he told Netanyahu “don’t do that”. But he did do that.
ING: Energy markets brace for a prolonged supply disruption
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.
EU freezes plans to adopt Russian twentieth sanctions package due to Iran war turmoil, growing internal divisions
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.
Quagmire in the Gulf: 13 points from when war games meets reality in US-Iran conflict
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.
Oman’s foreign minister tells the US some hard truths, because that’s what friends do
Oman has played a leading role in the mediation between the US and Iran trying to prevent the regional conflict that started two weeks ago. In a poignant opinion piece “America’s friends must help extricate it from an unlawful war."
IMO propose Hormuz shipping corridor to reopen Hormuz
The International Maritime Organization (IMO) has proposed the creation of a “safe shipping corridor” in the Strait of Hormuz, as dozens of countries look for solutions to unblock the crucial shipping channel.
UAE expels 2,500 Iranian students and shuts Iranian state schools
The UAE expels 2,500 Iranian students and shuts Iranian schools with a 50-year history in the country, as the war deepens the rift between Tehran and Gulf states.
Iran blackout enters 20th day as 456-hour outage sets record, NetBlocks says
Iran’s nationwide internet shutdown has entered its 20th day, with public access to the global web cut for more than 456 hours.
Iran Kharg Island oil exports continue at 1.4mn bpd, as US set to unfreeze sanctions on oil tankers
Iran's Kharg Island oil exports continue at up to 1.5mn bpd despite US strikes, with core loading infrastructure intact and shipments flowing to Asian buyers.
COMMENT: US ground invasion to take control of Hormuz is extremely risky
With some 5000 US military personnel on their way to the gulf analysts have been speculating that the White House is intending to try and take control of Strait of Hormuz with the ground invasion.
Dubai faces expat exodus as war shatters safe-haven reputation
Dubai faces its largest expat exodus in decades as the Iran war shatters its safe-haven reputation, with major banks evacuating staff, the stock market down 17% and the UAE mulling tax relief to retain residents.