Could the US-Israel war with Iran fuel global inflation?
Al Jazeera
The United States and Israel’s war on Iran has caused the largest energy supply shock in decades.
The Strait of Hormuz is in effect closed, and attacks are being carried out on energy facilities in the Middle East, rattling oil markets.
From Americans filling their tanks at the pump to European factories and Asian economies, the impact is already being felt.
US President Donald Trump says the rise in oil prices is a “very small price to pay” for “safety and peace”. But investors warn that if the conflict drags on, there’s danger of stagflation.
Iran’s Foreign Minister Abbas Araghchi says his country has shown it is ready to take the war “as far as necessary”.
Oil and gas price hikes due to the war have rattled the global economy.
Airline says limited number of flights will operate as of March 18 between Qatari capital and dozens of destinations.
Iranian state media calls for turning fire festival into a symbolic protest by burning figures of US President Trump and Israeli PM Netanyahu.
Pushback comes as US President Donald Trump says NATO allies should help secure key waterway amid soaring oil prices.
Qatari foreign ministry spokesman Majed al-Ansari accuses Iran of targeting civilian areas as he calls for de-escalation.
Kenyan foreign minister meets Russian counterpart amid reports that hundreds of Kenyans were recruited to fight in Russia and Ukraine.
Despite degraded launch capabilities, Iran has enough missiles to fire strategically and keep the region on edge, experts say.
Every aspect of Iran’s ability to project regional power is being successfully degraded.
Tehran allows a small number of ships from certain countries to pass through waterway.
Israel is using military occupation of southern Lebanon and displacement crisis to dictate ceasefire terms, say experts.
Neighbourhoods in Beirut’s southern suburbs have been left in ruins by Israeli bombing attacks.