Middle East conflict

War involving Iran could trigger global energy shock across markets

Any prolonged conflict involving Iran could trigger an unprecedented global energy crisis, with ripple effects across the world economy, Reuters reported.

20 March, 02:48 PM

Iran strikes key Kuwait refinery for second straight day

Iran struck Kuwait’s largest oil refinery, Mina Al-Ahmadi, with drones for the second time in two days, sparking fires at several units on March 20, with no casualties reported, the Associated Press reported.

20 March, 01:05 PM

U.S., allies strike Iranian boats to reopen Strait of Hormuz

The United States and its allies have intensified efforts to reopen the Strait of Hormuz, using aircraft to destroy Iranian naval vessels and Apache helicopters to target Iranian drones, the Wall Street Journal reported.

20 March, 12:19 PM

ECB warns of energy shock in Europe

Energy prices seen as the key risk for the euro area economy in the European Central Bank’s (ECB) updated 2026 macroeconomic outlook released on March 19.

20 March, 09:48 AM

12 nations urge Iran to halt attacks as missiles hit Qatar energy hub

Foreign ministers from 12 Arab and Islamic countries on March 19 called on Iran to immediately halt attacks on states in the region, Anadolu reported.

19 March, 03:05 PM

Israel strike on South Pars opens new front, jolts global energy markets

Strikes on gas production facilities in the Middle East, including the South Pars field, mark a major escalation in the war and could carry long-term consequences for the global economy, The Guardian reported on March 18.

19 March, 02:54 PM

Oil surge lifts Russia revenues, easing pressure on Kremlin budget

Russia’s federal budget could increase oil tax revenues to the 2024 average of 1.2 trillion rubles by the end of March if global oil prices remain elevated, The Moscow Times reported.

19 March, 12:12 PM

Kremlin halts Ukraine talks, stalling U.S.-backed peace effort

Trilateral negotiations between Russia, Ukraine and the United States are currently “on pause,” Kremlin spokesman Dmitry Peskov said in an interview with the Russian outlet Izvestia on March 19.

19 March, 11:47 AM

Iran strikes Saudi oil hub in Yanbu, testing export route outside Hormuz

Iran carried out an airstrike on a Saudi Aramco facility — the SAMREF refinery in the Red Sea port of Yanbu — on March 19, Reuters reported, citing a source.

19 March, 11:31 AM

Ukraine seeks Middle East backing after sharing Shahed drone defense expertise

Ukraine is seeking reciprocal support from Middle Eastern countries to which it is providing assistance in countering Shahed drones, Foreign Ministry spokesperson Heorhii Tykhyi said at a briefing on March 18, NV reported.

18 March, 05:18 PM

U.S. targets fortified Iranian missile positions near Strait of Hormuz

The U.S. military struck fortified Iranian missile positions along the Iranian coast near the Strait of Hormuz overnight, U.S. Central Command (CENTCOM) reported on March 18.

18 March, 07:27 AM

Russia targets 1,000 daily drones on Ukraine by end of 2026

Russia is scaling back missile production to focus on mass-producing drones, aiming for 600–800 daily attacks on Ukraine in 2026 with an ultimate goal of 1,000 drones per day, President Volodymyr Zelenskyy told the New York Post in an interview on March 16.

17 March, 05:04 PM

Trump rejects Ukraine drone help, calls Zelenskyy ‘last person we need’

The United States does not need help intercepting Iranian drones in the Middle East and President Volodymyr Zelenskyy is “the last person we need help from,” U.S. President Donald Trump said on March 13 in an NBC News interview.

15 March, 11:31 AM

Trump plans weeks more strikes on Iran as advisers push for war exit

U.S. President Donald Trump does not plan to end the war against Iran in the coming weeks and intends to continue strikes on Iran and its allies, the Wall Street Journal reported on March 13.

14 March, 10:50 AM

Russia tops winners in global oil chaos

Moscow is the biggest winner of the war in the Middle East, The Washington Post wrote on March 13, commenting on President Donald Trump’s administration decision to temporarily lift sanctions on some Russian oil shipments in an attempt to calm global markets after crude prices surged following the U.S.-Israeli attack on Iran.

13 March, 10:47 AM

‘Everyone is calling them.’ Western and Arab media spotlight Ukraine’s drone interceptors as turning point in Iran war

As the United States and its Middle Eastern allies confront waves of Iranian drone attacks, Western and Arab media reports increasingly point to Ukraine’s battlefield-tested interceptor drones and combat experience as a critical source of expertise — a shift highlighted in a roundup of international coverage compiled by NV.

12 March, 05:32 PM

Kremlin shrugs off Ukraine’s deployment of drone specialists to the Middle East

The deployment of a group of Ukrainian drone specialists to the Middle East is a matter of bilateral relations, Kremlin regime spokesman Dmitry Peskov said, Russian propaganda agency Interfax reported on March 12.

12 March, 02:57 PM

IEA releases 400M barrels to calm markets

The 32 International Energy Agency (IEA) member countries have unanimously agreed to release 400 million barrels of oil from emergency reserves to stabilize global markets disrupted by the war in the Middle East, the agency reported following the March 11 extraordinary meeting of IEA Member governments.

12 March, 01:57 PM

Iran confirms new Supreme Leader Mojtaba Khamenei wounded in U.S.-Israeli strikes

Iran’s Foreign Ministry confirmed that the country’s new Supreme Leader, Mojtaba Khamenei, was wounded during a U.S. and Israeli military operation, Foreign Ministry spokesperson Esmaeil Baghaei said in an interview with Corriere della Sera on March 12.

12 March, 01:16 PM

Iran war drains Patriot missile stocks Ukraine needs to stop Russian attacks

The war with Iran is consuming costly U.S. air defense munitions desperately needed by Ukraine and threatening future deliveries, potentially weakening Kyiv’s ability to counter Russian ballistic missile attacks, Politico reported on March 11 after interviewing 10 senior European officials and two lawmakers.

12 March, 11:25 AM

Middle East conflict

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