Lufthansa extends Middle East flight suspensions amid escalating conflict

Deutsche Lufthansa has extended the suspension of several routes to the Middle East as the conflict involving Iran enters its fourth week with no clear signs of de escalation. The airline said flights to Dubai and Tel Aviv will remain suspended until May 31, while services to Abu Dhabi, Beirut, and Tehran are halted until October 24. The......

Air France extends flight suspensions to Dubai, Riyadh, Tel Aviv, and Beirut

Air France has announced an extension of the suspension of its flights to and from Dubai and Riyadh until March 31, and to and from Tel Aviv and Beirut until April 4. The airline cited security concerns at these destinations and the closure of certain airspaces as the main reasons for the continued suspension. Passengers affected by the......

Ancient clay beads reveal children’s role in prehistoric craftsmanship

Archaeologists have identified 142 clay beads and pendants dating back about 15,000 years, with preserved fingerprints showing that both children and adults helped create these ornaments, offering rare direct evidence of who made symbolic objects in the Paleolithic era. The findings, published in Science Advances, mark the earliest known......

Goldman Sachs raises oil forecasts as Hormuz crisis disrupts supply

Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast of $77, while West Texas Intermediate......

IAEA chief says war cannot eliminate Iran nuclear program

The head of the United Nations nuclear watchdog has warned that military action cannot fully dismantle Iran’s nuclear program, stressing that only diplomacy can address the long-term risks. Rafael Grossi, director general of the International Atomic Energy Agency, told CBS News that no conventional war could erase Iran’s nuclear......

Helium shortage from Iran conflict disrupts global chip supply

A supply shock triggered by the conflict involving Iran is disrupting the global smartphone market, as a sharp reduction in helium supply threatens semiconductor production while a parallel shortage of memory chips continues to drive device prices higher and weaken shipment forecasts. The crisis intensified after damage to a major helium......

Brent oil hits highest level since 2022 amid Iran conflict

Oil prices have surged to their highest levels in nearly four years as the conflict involving Iran disrupts global energy supply, raising inflation risks and reviving concerns about stagflation. Brent crude closed at $112.19 per barrel on Friday, its highest level since July 2022. In the United States, the average price of regular gasoline......

Gold extends sharp decline as rate cut hopes fade in March

Gold and silver continued to fall at the start of the trading week, extending a multiweek selloff driven by tight US monetary policy, a stronger dollar and renewed inflation concerns linked to rising energy prices amid the Iran conflict. Gold futures dropped sharply early in the session, adding to losses that have made March 2026 one of the......

Israel signals escalation of attacks on Iran amid rising regional tensions

Israel’s Defense Minister Israel Katz announced that Israel, in coordination with the United States, is preparing to significantly escalate its military actions against Iran in the coming days. Speaking after consultations with senior military officials, Katz indicated that future operations could target key elements of Iran’s......

Air defense stockpiles near depletion amid surge in missile use

Global air defense stockpiles are nearing exhaustion as the United States, Israel, and their allies consume weapons at a pace that is raising concerns about the sustainability of ongoing operations and broader military readiness. Armin Papperger, chief executive of German defense group Rheinmetall, said on March 19 that air defense inventories......

Gold heads for worst weekly loss since 2020 amid Fed stance

Gold prices are on course for their steepest weekly decline since March 2020, pressured by the Federal Reserve’s firm interest rate stance and a stronger US dollar, despite a modest rebound on Friday. Spot gold edged higher early in the session to around 4,700 dollars per ounce, recovering from a near two-month low reached the previous......

US intensifies strikes on Iran with no timeline for war end

The United States signaled a prolonged military campaign against Iran as Defense Secretary Pete Hegseth said no timeline has been set for ending the conflict, even as Washington prepares its largest wave of strikes since operations began. Speaking at the Pentagon, Hegseth stated that the duration of the war, now in its third week, will ultimately......

Oil prices surge above $112 as Gulf attacks rattle markets

Asian stock markets fell sharply on Thursday as escalating attacks on energy infrastructure in the Gulf pushed oil prices higher, while the US Federal Reserve and the Bank of Japan held interest rates steady amid rising economic uncertainty. Oil prices jumped after strikes targeting key facilities across the region. Brent crude rose above......

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