US stocks opened sharply lower on Monday, wiping out more than $900 billion in market value within minutes of the opening bell as investors reacted to a sudden spike in oil prices and mounting geopolitical tensions in the Middle East. Crude oil briefly surged above $100 per barrel, intensifying concerns that escalating conflict in the region could disrupt supply and push global energy costs higher, potentially reigniting inflation pressures across major economies. The Dow Jones Industr

Iran’s Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for a drone and missile strike targeting the Al Dhafra Air Base in the United Arab Emirates, a facility known to host United States military personnel. In a statement released by the force’s public relations office, the IRGC said its drone unit carried out coordinated strikes on the base, describing it as a major command and control hub for US operations in the region. The statement alleged that 21 personnel connected

Global oil markets experienced unprecedented volatility this week as escalating tensions in the Middle East disrupted key energy supply routes and triggered the largest weekly surge in U.S. crude futures since trading began in 1983. The sharp rise in oil prices reflects growing concerns among investors and governments that prolonged conflict in the region could severely affect global fuel supply chains and economic stability. West Texas Intermediate crude futures climbed sharply on

At least six people were killed after an Israeli airstrike destroyed a residential building in the town of Jibchit in southern Lebanon early Saturday, according to official reports. Among the victims were four members of the same family, highlighting the growing civilian toll as tensions along the Israel-Lebanon border continue to intensify. The attack was part of a series of overnight Israeli military operations targeting areas in southern Lebanon, where cross-border hostilities have incre

The conflict between Iran, the United States, and Israel has intensified sharply, with the death toll from ongoing airstrikes reaching at least 1,230 since Saturday. The latest developments mark a significant escalation in the Middle East conflict, raising fears of wider regional instability and disruptions to global energy supply routes. In parallel with the strikes targeting Iran, the Israeli military has issued evacuation orders for the southern suburbs of Beirut, a densely popul

Russia has reportedly provided Iran with intelligence regarding the locations of United States military forces, according to people familiar with US intelligence assessments. The information is said to include satellite imagery showing the positions and movements of American troops, ships, and aircraft across parts of the region. Officials briefed on the matter indicated that much of the data came from Russia’s network of overhead surveillance satellites, marking the first indication that M

Residents across Dubai experienced widespread panic after receiving emergency alerts on their mobile phones warning of a possible missile threat on Friday. The alerts were issued amid escalating tensions in the Middle East, where Iran has launched missile and drone attacks targeting United States military installations across several Gulf countries during the past week. According to the notification sent to residents, people were advised to remain cautious, avoid unnecessary outdoor movement

The United States and Israel have intensified military operations against Iran, with reports indicating that at least 1,045 people have been killed since the escalation began on Saturday. The strikes mark one of the most severe confrontations in the region in recent years, raising fears of a broader Middle East crisis. At the same time, Israeli forces have carried out additional military actions in Lebanon, further expanding the scope of the conflict and increasing concerns about regional sta

The United States Central Command (CENTCOM) on Thursday highlighted the strength of American airpower, stating that its capabilities remain unmatched in modern warfare. In a statement released on March 5, the command pointed to the role of the B-52 Stratofortress bomber during the early stages of Operation Epic Fury. According to CENTCOM, within the first 100 hours of the operation, B-52 aircraft carried out strikes targeting Iranian ballistic missile infrastructure as well as command and contro

Prime Minister Narendra Modi on Thursday called for the early end to the ongoing conflicts in Ukraine and the Middle East, underlining that dialogue and diplomacy remain the only way to resolve global disputes. His remarks came during a joint press conference in New Delhi with Finnish President Alexander Stubb, where Modi highlighted the growing instability in the world, particularly due to the ongoing wars in Ukraine and the escalating confrontation between the US, Israel, and Iran.

Canada’s Prime Minister, Mark Carney, raised alarm about his country’s potential involvement in the ongoing US-Israel conflict with Iran, saying that Canada could not “categorically rule out participation” in the war. His comments, made in Canberra on Thursday, come as the conflict enters its sixth day, with mounting international concerns over its implications. Carney also expressed support for the US and Israeli airstrikes on Iran, albeit “with some regret,” calling th

Spanish Prime Minister Pedro Sánchez has strongly criticized the ongoing military strikes against Iran, describing the escalation in the Middle East as a “disaster” and warning that the world cannot risk repeating the mistakes of history. His remarks come shortly after a trade threat was issued to Spain in response to Madrid’s refusal to allow two jointly operated military bases on Spanish territory to be used in the strikes. In a televised address, Sánchez emphasized the dang

Israel has intensified its military campaign against Iran, announcing that more than 5,000 bombs have been dropped on targets across the country since the conflict began. The Israeli military said the operations are continuing to expand, with a strong focus on establishing and maintaining air superiority, particularly over the Tehran region. The announcement marks a significant escalation in hostilities, as the confrontation between the two regional powers enters its fifth day with mounting casu

Tensions between Israel and Iran intensified on Wednesday after a senior Iranian military spokesperson warned that any attack on Iran’s embassy in Beirut could trigger retaliatory strikes against Israeli diplomatic missions worldwide. The statement reflects growing hostility between the two regional rivals as security concerns continue to rise across West Asia. Brigadier General Abolfazl Shekarchi, spokesperson for Iran’s Armed Forces, said Israel had threatened to target the Iranian emb

For decades, a recurring argument during periods of American involvement in the Middle East has been that such conflicts are driven by access to oil. However, the United States’ position in the global energy landscape has shifted dramatically over the past decade. Once heavily dependent on foreign imports, the country has transformed into one of the world’s largest producers of oil and natural gas, reshaping both global energy markets and geopolitical calculations. Recent figures from th

The United States has reportedly suffered nearly $2 billion in military equipment losses during the first four days of escalating hostilities with Iran following a joint US–Israel military campaign. Data compiled from defence assessments and open-source intelligence indicates that multiple American installations across the Middle East were damaged in retaliatory strikes launched by Tehran after the operation that resulted in the death of Iran’s Supreme Leader, Ali Khamenei. One

In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g

Iran’s Assembly of Experts has elected Mojtaba Khamenei, the son of the late Supreme Leader Ayatollah Ali Khamenei, as the new Supreme Leader of Iran. This transition, which occurred under significant pressure from the Islamic Revolutionary Guard Corps (IRGC), marks a controversial father-to-son succession that goes against the Islamic Republic’s long-standing criticism of hereditary monarchy. Mojtaba, the second-eldest son of Ali Khamenei, has been long speculated as a potential successo