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European companies that import semiconductors from Asia are tapping into backup stores and paying more for deliveries as the Iran war causes disruption to air freight routes through the Middle East, industry insiders have told CNBC.
People struggle to cook and businesses bear brunt as closure of strait of Hormuz slows imports of liquefied petroleum gas
Joseph Kent, director of the National Counterterrorism Center, speaks during the House Committee on Homeland Security on Capitol Hill in Washington, Dec. 11, 2025. (AP Photo/Mark Schiefelbein, File)
Autoridades israelíes colocan banderas israelíes y estadounidenses en un lugar alcanzado por un misil iraní que mató a dos personas en Ramat Gan, Israel, el miércoles 18 de marzo de 2026. (AP Foto/Oded Balilty)
Who's excited about the US and Israeli war on Iran?
US President Donald Trump has just issued a long Truth Social post about an Israeli attack on the South Pars gas field in Iran on Wednesday night.
Asian technology stocks fell on Thursday as Iran's latest attacks on Qatar's Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment, amplifying concerns over supply chain disruptions across the semiconductor industry.
US President Donald Trump said late on Wednesday the attack on Iran's South Pars gas field was carried out by Israel, and the US and Qatar were not involved in it.
European Commission President Ursula von der Leyen delivers a statement during a media conference at EU headquarters in Brussels, Wednesday, March 18, 2026. (AP Photo/Virginia Mayo)
El secretario de Estado, Marco Rubio, participa en una ceremonia sobre una persona designada como retenida y detenida de forma injusta en el extranjero, en la sede del Departamento de Estado en Washington, el lunes 9 de marzo de 2026. (AP Foto/Kevin Wolf)
The Strait of Hormuz is a small strip of water connecting the Persian Gulf to the world’s oceans. On a typical day, ships carrying about a fifth of the world’s oil sail out of the Gulf through the narrow passageway, but the war with Iran means it’s effectively closed, hemming in more than 90% of that crude and refin…
Iran has executed three people convicted of killing police officers and carrying out operations in favour of the United States and Israel during unrest earlier this year, the judiciary said, amid the sprawling war launched on the country, now in its 20th day.
People interact with a dedicated memorial space to Iranian lives that were lost during a gathering in New York, on Saturday, March 14, 2026, for the upcoming Nowruz, Iranian/Persian New Year’s day. (AP Photo/Heather Khalifa)
A mourner holds a poster depicting Ayatollah Mojtaba Khamenei, right, the successor to his late father Ayatollah Ali Khamenei, left, as supreme leader, during the funeral procession for senior Iranian military officials and civilians killed during the U.S.-Israel campaign in Tehran, Iran, March 11, 2026. (AP Photo/V…
Washington: Donald Trump has distanced himself from an Israeli attack on a key Iranian gas field, while also issuing fresh threats, as tit-for-tat strikes on energy infrastructure escalate the Middle East conflict and propel oil prices even higher.
Power prices are tipped to fall in a welcome reprieve from cost-of-living pressures. (ABC News: Fran Rimrod)
FILE - A partially constructed gas refinery at the South Pars gas field is seen on the northern coast of Persian Gulf in Asalouyeh, Iran, on Jan. 22, 2014. (AP Photo/Vahid Salemi, File)
Shortly after the United States and Israel first attacked Iran on February 28, analysts warned that war could drive oil prices above $100 a barrel.
Japanese Prime Minister Sanae Takaichi gestures as U.S. President Donald Trump delivers his speech during their visit to the aircraft carrier USS George Washington at the U.S. Navy’s Yokosuka base in Yokosuka, south of Tokyo, on Oct. 28, 2025. (AP Photo/Eugene Hoshiko, File)
Secretary of State Marco Rubio speaks during a U.S. Hostage and Wrongful Detainee Flag Raising ceremony at the State Department, Monday, March 9, 2026 in Washington. (AP Photo/Kevin Wolf)
US President Donald Trump on Thursday America had 'no idea' of Israel's attack on facilities linked to Iran's oil industry in South Pars and Asaluyeh, warning of severe military consequences if Tehran launches more attacks on Qatar's energy infrastructure, as tensions across the Gulf escalated following strikes on m…
The reported inquiry predates Joe Kent’s departure on Tuesday from his post as director of the national counter-terrorism center
US president says Israel will not launch another attack on the giant gasfield shared by Iran and Qatar, but promises to destroy it if Tehran retaliates
President Trump is reportedly weighing the deployment of thousands of additional US troops to the Middle East that could potentially be used on the ground in Iran.
Iran's men's team is holding a pre-World Cup training camp in Turkey, but will not travel to the United States. (Getty Images: Robert Cianflone)
U.S. President Donald Trump on Wednesday warned that if Iran continued targeting Qatar's energy facilities, America would "massively blow up the entirety of the South Pars Gas Field."
The probe into Joseph Kent apparently predates his sudden departure as head of the National Counterterrorism Centre
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, March 19, 2026. (AP Photo…
Activists held protests against the war and the demand from Donald Trump in Seoul. (Reuters: Kim Soo-hyeon)
The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.In its statement, the BOJ said that the decision was split, with eight members of the nine-member board voting in favor of a hold.
Qatar’s state oil giant QatarEnergy said on Wednesday that Iranian missile attacks on Ras Laffan, the site of the country’s core LNG processing operations, caused “extensive damage”, while the UAE shut gas facilities after intercepting missiles early on Thursday. The attacks came hours after Iran issued evacuation…
WASHINGTON (AP) — Joe Kent, the former counterterrorism director who resigned this week over concerns about the Iran war, said Wednesday that he and other senior officials with doubts about the airstrikes “were not allowed” to share them with US President Donald Trump.
You’d never know it from media reports, but the Iranian regime is struggling to survive — what’s left of it, anyway.
Saudi reserves right to ‘military action’ after Iranian attack
An Iranian security officer at a South Pars gas field unit in Asaluyeh Seaport in November 2015. (FILE: Raheb Homavandi/TIMA via Reuters)
WASHINGTON (AP) — The national debt surpassed a record $39 trillion Wednesday, a milestone that comes just weeks into the US-Israeli war in Iran.
Hang Seng Index falls after Fed says Middle East hostilities complicate inflation outlook as oil prices remain elevated
DUBAI, United Arab Emirates (AP) — Israel killed Iran's intelligence minister as it kept up its campaign against the Islamic Republic’s top leadership and reportedly attacked an Iranian offshore natural gas field Wednesday, as the war escalated pressure on the region’s economic lifeblood: energy.
Former Pentagon official Dan Caldwell – a skeptic of US military intervention, particularly in Iran – has reportedly been hired by Director of National Intelligence Tulsi Gabbard.
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Investment-promotion agency is helping a couple of Middle East banks set up in the city and fielding more inquiries since the war started
With Washington tied up in Iran, Kim Jong-un’s message is clear: if the US wants a summit, it must pay his nuclear price
WASHINGTON (AP) — Joe Kent, el exdirector de antiterrorismo que renunció esta semana debido a sus preocupaciones sobre la guerra con Irán, aseguró el miércoles que “no se les permitió” a él y a otros altos funcionarios plantear directamente sus inquietudes al presidente Donald Trump sobre una campaña militar.
US and Israeli strikes on Iran have killed several senior political and military figures as the two countries push for regime change.
JERUSALEM — A man was killed in central Israel after the latest round of Iranian missile fire, medics said Thursday, bringing the death toll in the country from the ongoing war to 15.
The Pentagon is seeking more than $200 billion to fund the war with Iran, according to a report by The Washington Post citing a senior US administration official.
Tehran — Iran targeted energy facilities across the Gulf and threatened further destructive attacks after a key gas field was hit, raising fears Thursday of a wider assault on fuel supplies that could jolt already rattled global markets.
BAGHDAD, Iraq — An influential pro-Iranian armed group in Iraq pledged early Thursday to stop attacking the US embassy for five days, presenting a series of conditions.
US spent $11.3bn on bombs in the first six days of the US and Israel’s joint attack on Iran – key US politics stories from 18 March 2026 at a glance