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Donald Trump announced over the weekend that he wants to "take the oil in Iran" by seizing control of Kharg Island, the strategic outpost through which roughly 90% of Iran’s oil exports flow. Experts say the remark underscores a blatant disregard for international law and exemplifies what they term “fossil‑fuel imperialism.” Patrick Bigger, co‑director of the Transition Security Project, described the approach as a "might‑makes‑right" logic that is both "abhorrent and spectacularly miscalculated." Trump is slated to give an update on the Iran‑U.S. conflict on Wednesday. He previously claimed the war could end within weeks, a statement that sent the stock market soaring on expectations of de‑escalation. Iran, however, has insisted it needs guarantees against future attacks before halting its counter‑offensive. The fighting continues, highlighted by an Iranian strike on a fully loaded crude tanker in Dubai and threats to "blow up and completely obliterate" Iran’s energy infrastructure if the Strait of Hormuz is not reopened promptly. Kharg Island, a five‑mile strip that handles the bulk of Iran’s oil shipments, along with its power plants and oil wells, has been singled out by Trump. He told the Financial Times that U.S. forces should take over the island and the oil stored there. "My favorite thing is to take the oil in Iran," Trump said, adding that critics in the United States are "stupid people." Amir Handjani, an energy lawyer at the Quincy Institute, warned that the statement "completely discredited" the war’s stated objectives and revealed a classic play for natural resources. Handjani noted that Trump’s desire to seize Iranian oil is not new; he voiced similar ambitions in a 1988 interview while promoting The Art of the Deal, saying he would "do a number on Kharg Island" if elected. The former president has also floated comparable ideas for Iraq, Syria and Venezuela, suggesting the United States could appropriate their oil to offset war costs or bolster strategic reserves. Handjani emphasized that international law provides no framework for waging war to capture sovereign nations' natural resources. From a military perspective, taking Kharg Island would be extremely challenging. Iranian missile defenses have rendered regional U.S. bases inoperable, meaning any assault would likely require a parachute insertion of Marines into heavy fire, with the risk of massive Iranian retaliation. Handjani warned that such retaliation could target oil export terminals across the Persian Gulf, potentially driving crude prices to $200‑$300 per barrel and destabilising the global economy. The conflict has already caused the largest-ever disruption to global energy supplies, killing thousands and sparking sharp fuel‑price shocks. While consumers bear the brunt, major fossil‑fuel companies are enjoying windfall profits. Bigger noted that higher oil prices benefit oil majors and are being used as a pretext to expand U.S. drilling, further entrenching reliance on carbon‑intensive fuels. According to Bigger, Trump’s rhetoric reveals a belief that "fossil fuels are a linchpin of his domestic industrial strategy," and that controlling oil equates to controlling global power. He argues that this mindset threatens the international order and hampers the transition to cleaner energy.

The Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS) shows that job openings dropped by 358,000 to 6.882 million in February, the smallest tally since 2020 and well below the forecast of 6.918 million. February’s hiring figures also slipped, with 4.8 million workers hired—the lowest monthly total since March 2020. The quit rate fell to 1.9%, equating to roughly three million workers leaving their jobs, indicating growing reluctance to switch employers. Consumer confidence is eroding in tandem. A University of Michigan survey released in March recorded a 6% year‑over‑year decline and a 5.8% drop from the previous month, pushing sentiment to its weakest point since December. Economist Heather Boushey of the University of Pennsylvania linked the sentiment dip to President Donald Trump’s second‑term policies, noting that “people are getting super frustrated with Trump’s economy.” Senior fellow Michele Evermore of the National Academy of Social Insurance warned that the modest decline in quits “indicates that workers continue to have a pessimistic view of their chances on the open market,” and urged state governments to bolster unemployment systems as a counter‑cyclical buffer. Policy uncertainty is a key driver. Since his re‑election, Trump has pursued aggressive tariffs, some of which were recently blocked by the Supreme Court’s decision that the International Emergency Economic Powers Act cannot be used for that purpose, leaving the tariff regime in flux. Compounding the trade dispute, the U.S. involvement in the February 28 attack on Iran sparked a regional war. Iran’s retaliation—shutting the Strait of Hormuz—has tightened global oil supplies, pushing U.S. gasoline prices to $4.018 per gallon, up more than a dollar from the previous month. Federal Reserve Chair Jerome Powell cautioned that the economy faces a “zero‑employment‑growth equilibrium” with downside risks, while the central bank has so far kept interest rates steady and will announce its next policy decision in late April. Private, non‑farm payroll growth has also slowed, averaging just 18,000 jobs per month over the three months ending February, underscoring the tepid demand for new labor. Despite the labor market gloom, equity markets rallied during midday trading on Tuesday, with the Dow Jones Industrial Average up 1.9%, the Nasdaq climbing 3.4%, and the S&P; 500 gaining 2.3%.

Somalia's national army has taken control of the strategic city of Baidoa, the largest in Southwest state, prompting the regional leader to resign. The city's takeover comes two weeks after the Southwest state administration announced it was severing ties with the federal government.The city of Baidoa, located about 245 km northwest of the capital Mogadishu, is home to international peacekeepers and humanitarian agencies in an area affected by drought, conflict, and displacement.Abdiaziz Hassan Mohamed Laftagareen, the President of Southwest State, announced his resignation on Facebook, stating that he had been in office for more than seven years. His resignation comes days after he was re-elected for another five-year term, an election the federal government deemed illegal.Earlier on Monday, Somalia's federal forces entered Baidoa, taking full control of the city and marking the start of a political transition. A local elder described the city as calm but a ghost town.The Southwest state's transition began with the appointment of its finance minister, Ahmed Mohamed Hussein, as acting president through a formal decree. The central government in Mogadishu hailed the state's transition and urged calm and unity.The federal government emphasized that no acts of retaliation will be tolerated, underscoring its commitment to protecting lives and property during this sensitive political transition.The dispute with Southwest is the latest sign of strain in Somalia's fragile federal system, where disputes over elections and the balance of power between Mogadishu and regional administrations repeatedly open up political fault lines.

A devastating gang attack near Petite-Riviere in Haiti's Artibonite region has claimed the lives of at least 70 people and injured 30 others, according to the Defenseurs Plus human rights group. This grim toll significantly exceeds official estimates, which put the death count at approximately 16.The violence erupted in the early hours of Sunday and continued into Monday, with gang members storming rural communities around Jean-Denis, setting homes ablaze, and displacing an estimated 6,000 people, as per Defenseurs Plus. The United Nations reported that over 2,000 individuals had fled their homes in the preceding days following nearby raids by armed gangs.The attack is attributed to the Gran Grif gang, with its leader, Luckson Elan, allegedly stating that it was a retaliation for assaults on their base in Savien by a rival armed group. This incident marks another in a series of massacres in the area, largely attributed to Gran Grif, which has been designated as a 'terrorist' organization by the United States.The Artibonite region, a crucial agricultural area, has witnessed some of Haiti's worst violence. Despite increased policing efforts and promises of foreign support for Haiti's security forces, gang conflict has spread beyond the capital, Port-au-Prince. The Haitian National Police has launched an operation to apprehend the fleeing gang members.This surge in violence is part of a larger crisis, with close to 20,000 people killed in Haiti since 2021, according to a recent UN report. The situation has worsened an economic crisis and access to food, with over 1.4 million people, or about 12 percent of Haiti's population, displaced by the conflict with armed gangs.

Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for conducting missile and drone attacks on aluminium facilities in Bahrain and the United Arab Emirates (UAE). According to a statement carried by Iran's state broadcaster IRIB, the IRGC targeted sites on Saturday that were allegedly linked to US military bases in the Gulf states.The attacks resulted in injuries to two employees at Aluminium Bahrain (Alba) and significant damage to one of Emirates Global Aluminium (EGA) sites in Abu Dhabi, with six people injured. The IRGC stated that the strikes were in retaliation for a US-Israeli attack on Iranian industrial infrastructure launched from military bases hosting US forces in the Gulf states.The attacks have raised concerns about the global aluminium supply, with estimates suggesting that between 4 to 9 percent of the global supply comes from this region. The escalation of attacks in the Middle East has led to increased tensions, with Saudi Arabia intercepting and destroying 10 drones and the Kuwaiti National Guard shooting down four drones.Analysts warn that if Iran continues to match attack for attack, the situation could become very concerning, potentially leading to further escalation in the Gulf Cooperation Council. The attacks have also prompted Oman's Foreign Ministry to condemn the attacks on its territory, with authorities investigating the sources and motives behind the assaults.

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Iran launched a significant attack on the Prince Sultan Air Base in Saudi Arabia on Friday, wounding at least 15 American soldiers, with five in serious condition. The assault involved at least six ballistic missiles and 29 drones.The base, located about 96km from the Saudi capital Riyadh, is operated by the Royal Saudi Air Force but also serves as a critical location for American forces. The injured US troops were inside a building at the base during the strike.According to reports, the Iranian attack resulted in the destruction of one refuelling aircraft and damaged three others, putting them out of service. Satellite images published by Iran's Press TV showed significant damage to several aircraft at the airbase.This incident marks a continuation of the escalating conflict in the region, which began with a joint assault by Israel and the United States on February 28. Iran has been conducting retaliatory attacks on Gulf nations it accuses of serving as a launchpad for US strikes.The conflict has seen significant casualties on both sides. At least 13 US military service members have been killed since the war on Iran started, with over 300 American troops wounded. Iran's government has not released an updated casualty toll, but the US-based activist group HRANA reported 1,167 Iranian soldiers killed and 658 troops with unknown status as of March 23.The attack on the Prince Sultan Air Base is part of a broader pattern of Iranian retaliation. The base has been consistently targeted since the war began, highlighting the strategic importance of the location and the ongoing tensions in the region.

Ukrainian President Volodymyr Zelenskyy has concluded defence agreements with the United Arab Emirates (UAE) and Qatar, focusing on joint expertise in countering threats from missiles and drones. The agreements were made during Zelenskyy's visit to Doha and the UAE earlier in the day. The defence pact with Qatar includes collaboration in technological fields, development of joint investments, and the exchange of expertise in countering missiles and unmanned aerial systems. This move comes as Iran continues to attack its Gulf neighbours, with Tehran insisting it targets only US assets in retaliation for the US-Israeli war on Iran. Ukraine has deployed 201 anti-drone experts to the Middle East to help Gulf nations counter Iranian drones. Kyiv has proposed swapping its interceptors for the more expensive air-defence missiles used by Gulf countries to down Iranian drones. Ukraine needs these missiles to fend off near-daily Russian missile attacks. The agreements highlight Ukraine's growing role as a leading producer of sophisticated, battlefield-proven drone interceptors. The country's expertise in downing Russian drones, which have been attacking Kyiv since the start of the full-scale invasion in 2022, is seen as a cost-effective solution for Gulf nations. For instance, Ukraine's interceptors cost around $2,000 each, compared to the $4 million cost of a Patriot missile. Zelenskyy's diplomatic tour aims to secure funding and technology in return for Middle East support. The US-Israeli war on Iran has depleted Patriot missile stocks, which concerns Ukraine as it needs these missiles to counter Russian ballistic missiles.

Iran-linked hackers have claimed responsibility for breaching the personal emails of Kash Patel, the director of the Federal Bureau of Investigation (FBI). The hackers, known as the Handala Hack Team, shared photographs and documents from Patel's emails online.The breach, confirmed by Reuters and CNN, appears to have released documents over a decade old, including Patel's travel and business correspondence and personal photos. The hacking group describes itself as pro-Palestinian hacking vigilantes and claimed the attack was in retaliation for a US-Israeli strike on a children's school in Minab, Iran, which killed over 170 people, mostly schoolgirls.Patel's leadership of the FBI has been marked by controversy, with critics accusing him of misusing the federal law enforcement agency for personal travel and to carry out President Donald Trump's priorities. The FBI and Department of Justice have yet to comment on the incident.The Handala Hack Team also claimed credit for a recent cyberattack on the medical device company Stryker. Iran has threatened to step up attacks on Western economic interests as a form of pressure amid the US-Israel war against the country.