Israel
Euro zone inflation smashes through ECB target to 2.5% in March as energy costs soar
Natural gas burners on a gas stove are seen in Rzeszow, Poland, on December 28, 2025. Nurphoto | Nurphoto | Getty Images Inflation in the euro zone jumped to 2.5% in March, according to the latest preliminary figures from Eurostat on Tuesday. Euro zone inflation was up from 1.9% in February and jumped well ahead […]
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Trump reverses course on Cuban oil blockade, allows Russian tanker to pass
U.S. President Donald Trump speaks to the media after departing Air Force One at Miami International Airport on March 27, 2026 in Miami, Florida. Nathan Howard | Getty Images U.S. President Donald Trump signaled he was reversing course on blocking oil shipments to Cuba on Sunday, saying he had “no problem” with any country sending in crude as a Russian tanker neared a Cuban port with […]
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South Korea’s Kospi leads declines in Asia as Middle East war enters fifth week
The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets fell sharply on Monday as the Middle East war entered its fifth week, with the conflict escalating despite efforts aimed at finding a diplomatic solution. The benchmark Kospi plunged over 5%, while the small-cap Kosdaq was […]
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Oil surges 3% as Iran war escalates with Yemen’s Houthis entering the Mideast conflict
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Oil prices climbed Monday after Yemen’s Houthis said they had fired missiles at Israel, opening a new front in the U.S.-Israeli war with Iran. May futures for international benchmark Brent crude rose […]
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Yemen’s Houthis launch Israel strike, the first time since the U.S.-Israel war began
Protesters, predominantly Houthi supporters, demonstrate in solidarity with Palestinians, in Sanaa, Yemen on Aug. 1, 2025. Khaled Abdullah | Reuters Yemen’s Houthis launched a missile strike against Israel, the group said Saturday. It was the first time the Tehran-backed militia had intervened in the U.S.-Israeli-led war against Iran, which has entered its second month. “The […]
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Israel says it has killed Iran naval chief overseeing Strait of Hormuz blockade
FILE PHOTO: In this photo released by the Iranian Presidency Office, President Ebrahim Raisi waves as he visits an exhibition of the Revolutionary Guard navy capabilities while accompanied by the guard’s navy commander Alireza Tangsiri, in the southern port city of Bandar Abbas, Iran, Friday, Feb. 2, 2024. Iranian Presidency Office | AP Israel’s Defense […]
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Electronic warfare in the Persian Gulf: How GPS interference is disrupting the Middle East
The screen of a GPS attached to the dashboard of a vehicle as residents of Dubai face GPS disruptions on March 9, 2026, in Dubai. The United Arab Emirates decried that it was being targeted “in a very unwarranted manner” in the war, stressing it would “not partake in any attacks against Iran”, which has […]
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The oil market is in ‘backwardation’ — Here’s what that means for energy prices
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices have been gripped by volatility since the U.S.-Iran war began nearly four weeks ago. But analysts say the market […]
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U.K. confirms Iran fired two missiles at British-American base in Indian Ocean which failed to reach their target
The British Indian Ocean Territory (BIOT) or Chagos Islands (formerly the Oil Islands) is an overseas territory of the United Kingdom situated in the Indian Ocean, halfway between Africa and Indonesia. The largest island is Diego Garcia (area 44 km squared), the site of a joint military facility of the United Kingdom and the United […]
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Asia markets track losses on Wall Street, extending market rout on Iran war impact
Pump jacks operate in a field on March 11, 2026 in Gillett, Texas. Brandon Bell | Getty Images Asia-Pacific markets mostly declined Friday following volatile trading on Wall Street overnight as investors sold assets from government bonds to equities and metals amid the Iran war. Tehran attacked the world’s largest gas plant in Qatar, causing […]
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