IEA chief says Iran war energy crisis surpasses the oil shocks of the 1970s

The head of the International Energy Agency has declared that the global energy shock caused by the Iran war is the most severe on record, warning that no country will be spared its effects as oil prices surge and critical supply routes remain severed. IEA Executive Director Fatih Birol, speaking at the National Press Club of Australia in......

JPMorgan says Bitcoin has outperformed gold as a safe haven during the Iran war

JPMorgan analysts have concluded that Bitcoin demonstrated safe-haven demand during the Iran war, outperforming both gold and silver as precious metals suffer their worst monthly rout in years. The research note, published Wednesday by managing director Nikolaos Panigirtzoglou, provides what some analysts are calling the first empirical evidence......

US-made landmines found near Shiraz kill civilians in first confirmed deployment in decades

Images circulating on social media show what weapons experts have identified as U.S.-made anti-tank landmines scattered across a residential area near Shiraz in southern Iran, in what appears to be the first confirmed deployment of American mines in more than twenty years. At least one civilian was killed and several others wounded after handling......

Polish PM Tusk warns of imminent escalation in Iran war as conflict nears one month

Polish Prime Minister Donald Tusk warned Friday that the Middle East war could intensify in the coming days, citing intelligence shared by allied nations as the U.S.-Israeli military campaign against Iran approaches the one-month mark. "I have reason to believe, including on the basis of information we have received from our allies,......

Drones strike Kuwait airport again, causing major damage to radar system

Kuwait International Airport was hit by multiple drones early Saturday morning, causing significant damage to its radar system in the latest attack on the Gulf state's main aviation hub, the country's civil aviation authority said. Abdullah Al-Rajhi, spokesperson for Kuwait's Directorate General of Civil Aviation (DGCA), told......

Houthis claim first direct attack on Israel amid escalating regional tensions

Yemen’s Houthi movement has confirmed launching its first direct attack on Israel since the start of the ongoing regional conflict, marking a significant escalation that could widen tensions across the Middle East. The group, formally known as Ansar Allah, stated that it carried out a missile strike targeting Israeli territory. The......

US-Israel strikes hit Iranian residential areas, killing 18 in Qom

Rescue teams in Iran search for survivors under collapsed buildings in Tehran, Qom and Urmia after overnight US-Israeli strikes targeted residential zones. Qom reports at least 18 deaths, per the city's deputy governor cited by CNN. The attacks mark the latest in a nearly month-long campaign that has ravaged civilian infrastructure and......

Asia-Pacific governments roll out emergency measures amid energy crisis

Asia-Pacific governments have launched urgent fiscal programs, fuel subsidies and liquidity injections to steady markets rocked by the Middle East war. The conflict pitting the United States and Israel against Iran disrupts energy supplies and undermines economic confidence across the region. A Reuters summary published Friday lists growing......

Hezbollah launches 600 projectiles at Israel in 24 hours, a record doubled

Hezbollah fired over 600 rockets, drones and mortar rounds at Israeli forces and northern Israel in a 24-hour period ending Thursday, roughly double the group's prior peak of around 300 aerial threats during the 2023-2024 conflict. IDF sources confirmed to The Jerusalem Post that this barrage exceeded the daily average of about 100 attacks......

Iran conflict triggers mass tourism cancellations in eastern Mediterranean

The war in Iran sparks widespread tourism cancellations across the eastern Mediterranean, jeopardizing the region's vital summer season just weeks before launch. Cyprus suffers the hardest hit, with short-term rental cancellation rates jumping from 15% pre-conflict to 100% immediately after Iran's March 2 drone strike on the British......

UN security council holds closed-door meeting on Iran at Moscow’s request

The United Nations Security Council is set to convene behind closed doors on Friday following a request from Moscow, amid rising tensions surrounding Iran. The move comes as part of ongoing diplomatic efforts to address escalating concerns over recent military developments in the region. According to diplomatic sources, Russia called for......

Freeport LNG CEO warns Iran war risks delaying US export projects

The Middle East war now threatens to slow US liquefied natural gas export capacity expansion. It disrupts one-fifth of global supply and spikes prices in Europe and Asia. Freeport LNG CEO Michael Smith warned Wednesday at S&P Global's CERAWeek conference in Houston. Supply chain issues from the US-Israeli war on Iran could delay new......

Commodity ETFs see record $11 billion outflows in March

Investors pulled about $11 billion from commodity exchange-traded funds in March 2026. This marks the largest monthly withdrawal on record, per Bloomberg Intelligence data on roughly 100 ETFs in precious metals and broad commodities. The exodus reverses billions in inflows from weeks earlier amid geopolitics, Treasury yield spikes, and leveraged......

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