#iran-conflict

#iran-conflict

We stand ready to take all necessary measures in close coordination with our partners, including to preserve the stability and security of the energy market, said the G7 in a statement after a teleconference.

Public Citizen president Rob Weissman set the tone for the day, telling the cheering rallygoers, 'We have to persist to end this illegal, unconstitutional, and devastating war on Iran—and make sure that Congress does not give a penny more to pay for or extend this war.'

Spain has closed its airspace to flights involved in Operation Epic Fury, launched by the U.S. and Israel against Iran, prohibiting military base use and denying airspace access.

The U.S. Treasury bond market has finally responded to the Mideast war, giving its assessment of the energy shock's severity and the war's effect on U.S. fiscal imbalance and inflation.

Trump stated, 'It was a big moment, also in my first administration, when I took out Soleimani. A lot of people think that might have been the biggest thing of all because he was a mad genius. He was a vicious, horrible human being, but he was a great general and a great leader if you define a leader in a certain way.'

The U.S. military has fired more than 850 Tomahawk cruise missiles in four weeks of war with Iran, burning through the precision weapons at a rate that has alarmed some Pentagon officials.

Unit 42 has documented wiper attacks, mass phishing campaigns, financial fraud, and surging hacktivist activity, much of which is originating outside Iran's borders during its internet blackout.

"Damage to critical energy infrastructure is another factor that has risen considerably and, in Qatar's case, will be costly both in terms of the cost of repair and foregone revenues from the planned expansion of LNG output, which was set to come onstream later this year and next year."

The French government has temporarily authorised the sale of diesel fuel with lower cold-weather resistance to prevent shortages amid rising prices at the pump.

Brent crude, the international benchmark, rose nearly 2 percent on Thursday to top $104 per barrel after Tehran dismissed reports of direct negotiations with US President Donald Trump's administration.

"Even before the conflict, I thought recession and risks were on the rise. Recession risks are very high—and unless the hostilities are coming to an end now, I think recession is more than likely by the second half of the year."

The figures show the severe impact the Iran war is already having on the euro zone economy. But, like in the 1970s, stagflation could become a widespread global phenomenon characterised by high inflation, low growth, and high unemployment, heavily driven by oil price shocks.

The idea that this is a temporary crisis, and that the economic effects will fade away once the bombing stops, is unfortunately no longer relevant. This situation amounts to a new oil shock. And if this energy shock persists beyond a few weeks, the crisis could spread more widely throughout the economy and, in essence, take on a more systemic nature.

The first casualty of war is the truth, so let us get the facts straight: These are lies that have been peddled to justify an illegal and unprovoked war.

The effective closure of the Strait of Hormuz has paralyzed tanker movements, leading to a dramatic market response with Brent crude surging to $116.38 per barrel on March 19.

I don't want to raise levels of public anxiety. They are anxious about what they're already seeing on their television screens. They're anxious about the impact it will have on them, particularly economically, in their households.

"Clearly, we look close and every day on the situation. It has a direct impact on store opening and store performance because there's not many tourists or less tourists shopping." - Daniel Grieder, CEO of Hugo Boss.