US-Iran conflict enters third week amid shifting military strategies and diplomatic uncertainties
The ongoing conflict between the United States and Iran has now progressed into its third week, marking a significant escalation in hostilities. Recent statements from US President Donald Trump reveal a complex situation where the administration's goals appear to shift frequently, creating uncertainty about both military strategy and diplomatic outcomes. As tensions rise, observers are closely analyzing how these developments will impact regional stability and global markets. Reports indicate that the war's impact is being felt well beyond the battlefield, notably reflected in rising crude oil prices. Currently, Brent crude oil has surpassed $100 per barrel, influenced by military actions... [Continue Reading]
Rising oil price and inflation fears make rate hike likely
A war in Iran has led to a cost-of-living spike in Australia and as petrol prices rise, interest rates are likely to be next. [Continue Reading]
UK Government Prepared to Intervene in Energy Markets Amid Rising Costs from US-Israel War in Iran
In a rapidly evolving situation prompted by the US-Israel war in Iran, Energy Secretary Ed Miliband has stated that the UK government is prepared to intervene in energy markets if domestic energy costs surge as a result of the ongoing conflict. Speaking on the BBC's Sunday with Laura Kuenssberg programme, Miliband emphasized that the government is "preparing for all eventualities" to support households impacted by rising energy prices. Miliband’s comments come in the wake of significant volatility in oil and gas prices, attributed largely to geopolitical tensions surrounding the strait of Hormuz, through which approximately 20% of the world's oil... [Continue Reading]
Israeli airstrikes in southern Lebanon kill at least four amid ongoing military campaign against Hezbollah
Overnight on Sunday, Israeli airstrikes in southern Lebanon resulted in the deaths of at least four individuals, according to reports from Lebanese state media and government officials. These strikes come as Israel continues a military campaign targeting Hezbollah, a group backed by Iran, amidst ongoing geopolitical tensions in the region. The Lebanese state-run National News Agency (NNA) reported that one strike specifically targeted an apartment in a residential building located in a northern district of the coastal city of Sidon, killing one person and igniting a significant fire. Footage released from the scene shows severe damage to the upper floors... [Continue Reading]
No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says
Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budgetFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHouseholds can expect significant additional cost-of-living pressures because of the war in the Middle East, with Jim Chalmers confirming that the government expects inflation to rise beyond 4.5% in Australia.But the treasurer said he did not expect the economy to fall into recession because of the war sparked by US and Israeli bombings in Iran. Continue reading... [Continue Reading]
Australia Faces Economic Impact from Middle East Conflict and Oil Supply Disruptions
Australia is currently grappling with significant economic repercussions stemming from the ongoing conflict in the Middle East, particularly due to Iran's blockade of the Strait of Hormuz. This blockade has critically impacted the global oil supply chain, disrupting approximately 20% of the world's oil production and leading to immediate consequences felt even in remote regions like Western Australia. The fallout from the war has resulted in fuel shortages across the state, causing panic buying and driving up prices at the pump. As fuel becomes more scarce, this situation has sent ripples through various sectors, notably affecting the mining industry, a... [Continue Reading]
Australia news live: new laws to crack down on property underquoting in NSW; inflation could reach ‘high fours’, Chalmers says
This blog is now closed.Get our breaking news email, free app or daily news podcastBarnaby Joyce says he disagrees with his leader, Pauline Hanson, over inflammatory comments about Muslims but says parties criticising her haven’t learned the lesson of One Nation’s rise.Hanson was censured in the Senate this month for suggesting there are no “good” Muslims.I don’t want to give pastoral care, but I think attacking Pauline today does not work like people thought it might have worked 15 years ago.[People] see Pauline as having the courage to stand behind her convictions on certain issues.I’ll make it very clear, I... [Continue Reading]
Is Australia about to end its experiment with low unemployment?
If war in the Middle East sends global inflation surging, will Australia have to say goodbye to its experiment with low unemployment? [Continue Reading]
Iran Threatens to Attack US Oil Infrastructure Following US Military Strikes on Kharg Island
In recent developments, tensions have escalated sharply in the Gulf region as Iran has issued threats to attack US oil infrastructure in retaliation for recent military strikes by the United States on Kharg Island. On March 14, President Donald Trump announced that the US military had "obliterated" a number of military targets on the island, which serves as a critical transit point for Iran's oil exports. Trump also indicated that further attacks could target oil infrastructure if Tehran disrupts shipping through the strategically vital Strait of Hormuz. The US strikes mark an intensification of hostilities in the ongoing conflict that... [Continue Reading]
NHS and MoD will be urged to buy British tech to drive growth amid Iran crisis
Treasury minister Spencer Livermore trails new strategy as chancellor pins hopes on benefits of AI amid global uncertaintyThe NHS and Ministry of Defence will be urged to buy British tech, as the government pins its hopes on the benefits of artificial intelligence to kickstart growth in the face of the Iran crisis, Treasury minister Spencer Livermore has said.The chancellor, Rachel Reeves, will restate her economic strategy in a high profile lecture on Tuesday, just as rocketing oil prices have raised fears of higher inflation and weaker growth. Continue reading... [Continue Reading]
Projectile explodes in Negev desert, escalating tensions linked to Iran conflict amid intensified US-Israel military operations
In a significant escalation of tensions in the region, a projectile fell and exploded in the Negev desert area of southern Israel late Friday. This incident is attributed to ongoing activities linked to the conflict involving Iran, coming just days after the United States and Israel intensified their military operations against Iranian targets. Video footage capturing the moment the projectile impacted has since circulated widely on social media, further heightening concerns over the deteriorating situation. Footage of the explosion revealed dramatic scenes, underscoring the volatility in the region as military engagements between Iran and Israeli forces continue to unfold. The... [Continue Reading]
U.S. Increases Military Presence in Middle East Amid Escalating Conflict
As the conflict in the Middle East escalates, the United States is significantly increasing its military presence in the region. U.S. officials confirmed that additional Marines and warships are being deployed in response to ongoing aerial bombardments and artillery strikes. This military maneuver comes as Iran's response to these strikes has demonstrated a surprising resilience, challenging initial expectations set during previous administrations. The recent escalation of hostilities, particularly involving strikes by Israel and the U.S. against Iranian targets, has contributed to heightened tensions in the region. Reports indicate that the strikes have created a chaotic environment for international shipping routes,... [Continue Reading]
Change in Data Sources Led to Lower Inflation Reading
A methodological change contributed to a better-than-expected inflation report, prompting questions from some economists. [Continue Reading]
This is what a 100,000,000,000,000 dollar bank note looks like
The auction includes a $100trillion note from Zimbabwe, issued during the country's years of hyperinflation [Continue Reading]
US economic growth slumps to 0.7% in fourth quarter, stoking inflation worries
The US economy grew at a significantly slower pace than initially estimated for the final months of 2025, government data showed on Friday, a major downgrade that comes as fallout from war in the Middle East looms. US gross domestic product rose at an annual rate of 0.7 per cent in the fourth quarter, the Commerce Department said. This was sharply down from its earlier estimated 1.4 per cent over the October to December period. It also indicates that the world’s biggest economy was on a weaker... [Continue Reading]
UK says Russia, Iran trying to ‘hijack global economy’ amid Hormuz blockade
UK Foreign Secretary Yvette Cooper has accused Russia and Iran of attempting to “hijack the global economy” as Tehran continued to blockade a major oil shipping route. Iran’s new supreme leader has vowed to continue attacking shipping in the Strait of Hormuz in retaliation for ongoing US-Israeli strikes on his country. The blockade has seen oil prices jump to around US$100 per barrel, threatening higher inflation across the globe. Speaking to the media during a visit to Saudi Arabia, the UK... [Continue Reading]
Reeves vows to ‘crack down’ on energy and fuel bosses exploiting Britons through ‘rip-off’ prices – UK politics live
The prime minister issues the statement after a fuel trade body earlier withdrew from a meeting with the chancellor todayEven before Donald Trump’s Operation Epic Fury on Iran unleashed higher oil prices, threatening the outlook for growth and inflation, the UK economy was flatlining.That’s the bleak message in the latest data from the Office for National Statistics (ONS), which showed zero GDP growth in January. Continue reading... [Continue Reading]
Bleak economic data shows UK plc in trouble well before the Middle East crisis
Zero GDP growth in January will not help Rachel Reeves claim she has put UK in position to weather oil price stormBusiness live – latest updatesUK economy unexpectedly flatlined in January, ONS data showsEven before Donald Trump’s Operation Epic Fury on Iran unleashed higher oil prices, threatening the outlook for growth and inflation, the UK economy was flatlining.That’s the bleak message in the latest data from the Office for National Statistics (ONS), which showed zero GDP growth in January. Continue reading... [Continue Reading]
Iran conflict escalates, causing record oil production disruption and prices surge above $100 a barrel
The ongoing conflict in Iran has significantly escalated, resulting in the largest disruption of oil production ever recorded, according to the International Energy Agency (IEA). As Iranian forces ramp up their attacks on key infrastructure and energy transport networks across the Gulf, oil prices have surged back above $100 a barrel, igniting fears of a severe global economic crisis due to escalating tensions in the region. This crisis marks a pivotal point in the conflict, which has seen Iran targeting commercial shipping as well as civilian facilities. On Wednesday, reports highlighted Iran's tactical shifts, with strikes on commercial vessels and... [Continue Reading]
Missile strike on Iranian school kills over 170, escalating US-Israel-Iran conflict
The ongoing conflict between the United States, Israel, and Iran has escalated significantly, with a devastating attack on Shajareh Tayyebeh Elementary School in southern Iran marking one of the bloodiest incidents thus far. This missile strike, which occurred on February 28 during the initial phase of military actions, resulted in the deaths of over 170 individuals, predominantly schoolgirls. This incident has drawn widespread condemnation and has become emblematic of the civilian toll in the ongoing war. Initial reports indicate that the missile strike targeted the school during operational hours, catching many by surprise. Eyewitness accounts and local reports confirmed that... [Continue Reading]
Thailand Implements Work-from-Home Policy for Civil Servants Amid Energy Crisis Linked to Middle East Conflict
As the conflict in the Middle East escalates, Thailand faces mounting energy challenges that threaten its economic recovery efforts under Prime Minister Anutin Charnvirakul. Following the start of hostilities centred on Iran, Thai civil servants have been instructed to limit their office attendance to conserve dwindling energy supplies as panic buying of diesel ensues among the public. The Prime Minister's office has confirmed this decision, urging government workers to work from home to mitigate the strain on the country's energy resources. The Thai Energy Ministry stated earlier that there were currently no fuel shortages in the country; however, reports indicate... [Continue Reading]
Oil prices drop to approximately $91.70 per barrel after Trump comments on Israel-Iran conflict resolution
In a significant turn of events, oil prices have dropped dramatically after former US President Donald Trump stated in a recent CBS News interview that the ongoing conflict involving Israel and Iran could conclude "very soon." This announcement has dissipated fears surrounding a potential deepening energy supply crisis, which had previously driven Brent crude oil prices up to a staggering $119.50 per barrel. Following Trump's statement, prices rebounded to approximately $91.70 a barrel within a span of hours. The shift in oil prices reflects a broader response from global financial markets. The FTSE 100 and other European indexes have seen... [Continue Reading]
US-Israel Conflict with Iran Escalates, Leading to Rising Crude Oil Prices and Global Economic Concerns
The conflict between the United States and Israel against Iran continues to escalate, significantly impacting global oil markets. As the war restricts oil exports from the Gulf region, producers are beginning to cut output, resulting in a substantial supply shock. Recent reports indicate that crude oil prices are approaching $85 per barrel, a significant increase that has caused turmoil in financial markets, heightened gasoline prices at the pump, and intensified economic concerns worldwide. This development stresses the global economy's precarious reliance on energy supplies from the Middle East. Currently, approximately 20% of the world's crude oil supply transits through the... [Continue Reading]
US-Israeli military campaign against Iran enters tenth day amid global market turmoil and fluctuating oil prices
The US-Israeli military campaign against Iran, now entering its tenth day, is generating significant turmoil on global markets, with fluctuating oil prices and uncertain diplomatic signals from the US government. President Donald Trump, aiming to alleviate concerns among allies and the public, has provided a series of mixed messages regarding the operation's progress and objectives, creating a climate of confusion and anxiety. Following a day marked by a dramatic drop in US stock market indices and rising oil prices, Trump engaged with reporters in an effort to stabilize perceptions. He stated to the New York Post, "I have a plan... [Continue Reading]
Oil Prices Surge Amid Rising Tensions in the Middle East, Reaching Highest Levels Since Conflict Began
As tensions rise in the Middle East, oil prices are surging significantly, marking a worrying trend for both global markets and consumers. Reports indicate that Brent crude oil has reached its highest price since the onset of the conflict, attributed largely to disruptions in supply from this critical energy region. The escalating crisis has resulted in a 17% increase in U.S. gasoline prices since the conflict began, further impacting American drivers as fuel costs rise sharply. The G7 finance ministers are convening to address the situation, amidst discussions around the potential release of strategic oil reserves to stabilize prices. The... [Continue Reading]
Hezbollah Engages Israeli Forces Along Lebanon-Israel Border Amid Rising Regional Tensions
Recent reports indicate that Hezbollah is actively engaging Israeli forces along the Lebanon-Israel border, marking an intensification in ongoing conflict in the region. Sources confirm that this exchange of fire comes amid rising tensions following major geopolitical shifts, including Iran's recent confirmation of Mojtaba Khamenei as the new supreme leader. Israeli operations targeting Iranian internal security sites have heightened overall security concerns in Lebanon and surrounding areas. In the latest clashes reported, Hezbollah has issued statements detailing engagements with Israeli positions, indicating a tactical response to what they describe as provocations by Israeli military actions. The violence appears to be... [Continue Reading]
U.S. Military Actions Against Iran Escalate Tensions and Impact Global Energy Markets
The ongoing conflict between the United States and Iran has escalated sharply, following a series of military operations and international repercussions that have profoundly impacted global energy markets. Recent reports confirm the U.S. has engaged in targeted military actions, including the use of Tomahawk missiles against Iranian naval bases, while the fallout continues to destabilize both regional and global economic landscapes. These developments have coincided with a significant spike in crude oil prices, which breached the $100 per barrel mark for the first time since the onset of major conflicts involving Ukraine and Russia. Evidence emerging from recent military engagements... [Continue Reading]
UK Government withholds consumer protection measures amid ongoing economic fallout from Iranian crisis
In light of the ongoing economic fallout from the crisis in Iran, the UK Government has opted for a cautious approach, choosing to withhold any specific consumer protection measures until it gains clarity on the duration and severity of the situation. Senior coalition members have indicated to RTÉ News that while there is consideration for extending the season for fuel allowances to assist vulnerable populations, no definitive actions have been taken thus far. The Iranian crisis, which has persisted for just over a week, has placed significant pressure on the UK’s energy market. In response, discussions among government leaders, including... [Continue Reading]
Shadows of Fire: The Long Arc of Iran–United States Tensions
A Region on Edge: The Latest Escalation In recent months, tensions between Iran and the United States have intensified once again, fueled by disputes over regional security, nuclear development, maritime incidents in the Persian Gulf, and the broader strategic balance in the Middle East. Officials in Washington have expressed renewed concern over Iran’s uranium enrichment levels, while leaders in Tehran have accused the United States of economic warfare through sanctions and diplomatic isolation. The fragile equilibrium that followed earlier rounds of indirect negotiations appears increasingly strained, with both sides engaging in sharp rhetoric at the United Nations, reinforcing military postures... [Continue Reading]
360LiveNews | 19 Feb 2026 08:49
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]
360LiveNews | 18 Feb 2026 17:11
