Iran's largest steelmaker Mobarakeh Steel halted all production and sent workers home after a second US-Israeli strike caused "fundamental destruction" to its Isfahan complex, crippling a key non-oil export sector.
Iran's NZ embassy mocked Trump's "stone age" threat with AI images of the US president as a caveman beside an ancient Persian king, the latest in a social media information war running alongside the military conflict.
Iran-linked hackers Handala claimed to have breached Israeli air defence contractor PSK Wind Technologies and passed classified command and control data to resistance missile units, though the claims remain unverified.
Trump's first primetime address on the Iran war drew fire from all sides after he vowed to bomb Iran "back to the stone ages," sent oil surging past $105 and admitted he no longer cares about Iran's buried uranium stockpile.
A surge in energy prices following the escalation of the Iran conflict is intensifying the cost-of-living crisis across the G7, dragging consumer spending growth to its weakest level since 2022.
A sustained escalation of the US/Israel-Iran conflict could push global oil markets beyond a price shock into severe physical shortages, with rationing, supply chain disruption and recessionary pressures becoming increasingly likely.
Israeli strikes killed a family of four in Nabatieh and five in Beirut's Jnah district on April 1 as Lebanon's death toll since March 2 rose to 1,268, with Israeli forces expanding ground operations in the south.
Is US President Donald Trump the war in Iran? Having failed to meet any of his as yet unstated objectives trump is clearly frustrated and contemplating giving up on an unwinnable war.
UK PM Starmer announced military planners would draw up options to secure the Strait of Hormuz after the war, saying "this is not our war" but its economic impact on Britain demands action on Gulf maritime security.
An Iranian cruise missile struck an oil tanker leased to Qatar Energy in Qatari waters on April 1 after two others were intercepted, escalating Tehran's targeting of Gulf energy assets as the war enters its second month.
Yemen's Houthis said they launched a joint ballistic missile strike with Iran and Hezbollah on southern Israel, the third coordinated operation as the "axis of resistance" formalises wartime military cooperation.
Spain condemned Israel's new death penalty law as "draconian" and discriminatory against Palestinians, deepening the rift between Madrid and Tel Aviv as Spain refuses to support the US-Israeli war on Iran.
China and Pakistan issued a five-point peace plan on March 31 calling for an immediate ceasefire and reopening of Hormuz, though the plan's omission of the US and Israel by name and questions over Beijing's credibility as a guarantor may limit its im
Iran's IRGC named 18 US tech and AI firms including Google, Microsoft, Palantir and G42 as targets for retaliation
Italy secretly blocked the US from using its Sigonella air base in Sicily for Iran strikes after jets were already airborne, the second NATO ally after Spain to refuse Washington access for the war.
A chorus of analysts and traders have spent recent weeks warning that oil prices will spike. But market is foward-looking and has already priced in the worst case. $200 oil won't happen.
Iranian missile debris landed near the Ukrainian embassy in Tel Aviv on March 31, injuring six and damaging vehicles and buildings as Iran maintains daily strikes on Israeli territory a month into the war.
Tehran hit by waves of Israeli air strikes overnight with power knocked out in parts of the capital.
China is emerging as a safe haven for investors seeking refuge from the Iran war storm.
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly. The world faces yet another shock.