Bitcoin tops $71,000 as short squeeze fuels rebound after Iran crisis

Bitcoin climbed sharply on Wednesday, rising more than 6 percent to surpass $71,000 for the first time since early February as a wave of short liquidations and renewed institutional demand fueled a rapid market rebound. The cryptocurrency traded near $71,018 during morning trading, according to data from CoinGecko cited by Stocktwits. The......

Tanker traffic falls to zero in Strait of Hormuz amid Iran threats

Global oil shipping through the Strait of Hormuz has effectively halted after Iran’s Islamic Revolutionary Guard Corps declared the strategic waterway closed and threatened to attack any vessel attempting to pass, sending shockwaves through global energy markets. The crisis began on February 28 following coordinated air strikes by the......

India LNG importer declares force majeure as Qatar gas shutdown spreads

The suspension of liquefied natural gas production in Qatar after Iranian drone strikes has disrupted global energy markets and forced India’s largest LNG importer to declare force majeure as supply shortages ripple across Asia. QatarEnergy halted operations at its Ras Laffan complex on March 2 after drones struck energy facilities......

US-Spain tensions rise as European Union signals readiness to defend its interests

The European Union has indicated that it is prepared to take action to protect its economic interests and those of its member states following recent threats from US President Donald Trump against Spain regarding trade relations. On Wednesday, representatives of the European Union stated that the European Commission......

US expands evacuations from Saudi Arabia and Oman after Iran strikes diplomatic sites

The United States has expanded evacuation efforts across the Middle East after Iranian drone strikes targeted American diplomatic facilities in Saudi Arabia and the United Arab Emirates, marking a further escalation in the growing military confrontation between Washington and Tehran. Iranian drones struck the U.S. embassy compound in Riyadh......

EDP chief says Middle East war boosting demand for renewable energy

The conflict in the Middle East is reshaping the global energy debate as rising oil and gas prices renew calls for a faster transition to renewable power. As the military confrontation involving the United States, Israel and Iran enters its second week, disruptions to fossil fuel supply chains have prompted energy executives and climate groups......

China explores space solar station concept to weaken typhoons

Chinese researchers working on an ambitious space based solar power project say the technology could eventually serve purposes beyond clean energy generation, including the possibility of weakening typhoons and wirelessly recharging satellites across space. Duan Baoyan, the chief scientist behind China’s “Zhuri” space solar......

South Korean won falls past 1,500 per dollar for first time since 2009

Asian currencies recorded their steepest losses of 2026 this week as the fallout from coordinated U.S. and Israeli strikes on Iran drove investors toward the U.S. dollar, pushing the South Korean won beyond a key threshold not seen since the global financial crisis. The won weakened past the psychological level of 1,500 per dollar early Wednesday......

South Korea halts trading as Asian markets tumble over Iran war fears

Asian stock markets fell sharply on Wednesday as escalating tensions involving the United States, Israel and Iran rattled investor confidence and pushed oil prices higher across global markets. South Korea’s Kospi index plunged as much as 10 percent, triggering circuit breakers that temporarily halted trading. Other major regional benchmarks......

Erbil hit by more than 70 drone and missile attacks amid regional escalation

Air defense systems intercepted at least one drone near the U.S. consulate in Erbil on Tuesday as Iraq’s Kurdistan region endured another day of attacks linked to Iran backed militias targeting American sites. Explosions were also reported near Erbil International Airport and the Harir military base, according to regional media reports.......

Iran says Rubio admitted US entered “war of choice” for Israel

Iran said U.S. Secretary of State Marco Rubio effectively acknowledged that Washington joined a voluntary conflict on Israel’s behalf after he defended the joint American Israeli military operation against Iran during remarks at the U.S. Capitol. Speaking before a closed door briefing with lawmakers on March 2, Rubio said the United......

Moderna agrees to up to $2.25 billion settlement in covid vaccine patent dispute

Moderna has agreed to pay up to $2.25 billion to resolve a global patent dispute with Genevant Sciences and Arbutus Biopharma over the lipid nanoparticle technology used in its COVID-19 vaccine, Spikevax. The agreement ends years of litigation over the delivery system that enabled mRNA vaccines during the pandemic. If fully executed, the......

Toyota and Stellantis exit Tesla emissions pool under EU rules

Toyota and Stellantis have withdrawn from Tesla’s European carbon emissions pooling arrangement for 2026, according to newly filed documents with the European Union, removing two of the largest contributors to a coalition that analysts once estimated could generate more than €1 billion annually for the electric vehicle manufacturer. The......

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