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The International Atomic Energy Agency (IAEA) has reported that Iran's Khondab heavy water reactor is no longer operational. This development comes as part of ongoing scrutiny of Iran's nuclear program.The Khondab reactor, located in Iran, was a significant component of the country's nuclear infrastructure. The IAEA's confirmation of its non-operational status provides insight into the current state of Iran's nuclear capabilities.The IAEA's monitoring of Iran's nuclear program is crucial in ensuring compliance with international agreements and understanding the country's nuclear activities.

The International Monetary Fund (IMF) has issued a stark warning that the ongoing conflict in the Middle East will lead to higher prices and slower global growth, affecting countries worldwide. The Washington-based organisation emphasised that a rise in energy and food costs will harm economic growth this year and could leave lasting scars on the global economy.The IMF's analysis, published in a blogpost by its main department heads, including chief economist Pierre-Olivier Gourinchas, noted that governments with high levels of borrowing will have limited access to funds to cushion the worst effects of the crisis. The organisation warned that all roads lead to higher prices and slower growth should the conflict continue to disrupt the supply of oil, gas, and fertiliser from the Gulf.While some countries, such as the US, may gain from higher fossil fuel prices as net exporters of oil and gas, the rise in bills for petrol, diesel, and food will harm living standards. Businesses are also forecast to come under pressure to raise prices, possibly forcing central banks to raise interest rates to combat inflation.The IMF highlighted that about a third of fertiliser production travels through the strait of Hormuz, which could push up prices. The UN Food and Agriculture Organisation projects that global prices could average 15% to 20% higher in the first half of 2026 if the crisis persists. Natural gas prices have more than doubled in the UK since last December to about £140 a therm, while a barrel of Brent crude that cost about $60 before the conflict hit more than $116 on Monday before falling back to $112.The IMF added that forecasts for sharp rises in the cost of gas and electricity in Europe next winter are forcing governments to consider higher subsidies and welfare payments to the worst-affected households. The organisation noted that countries such as Italy and the UK are especially exposed by their reliance on gas-fired power, while France and Spain are relatively protected by their greater nuclear and renewables capacity.

Rachel Reeves, the UK Chancellor, is set to warn G7 nations that they must move faster on clean energy to insulate economies against global price shocks from oil and gas. This comes as she and Energy Secretary Ed Miliband meet with G7 finance and energy ministers.Reeves will emphasize that long-term energy security from renewables and nuclear is the only way to prevent future crises, in a rebuke to the Conservatives and Reform who have urged her to end the ban on new oil and gas licenses.“As we move faster on renewables and nuclear, our partners in the G7 must do the same – because staying stuck on the rollercoaster of global oil and gas prices will help nobody,” Reeves stated.Reeves will argue that the G7 nations should not “shift pressure on to partners or weaken collective resilience” – a veiled warning about easing sanctions on Russian energy or on new trade barriers.The UK government plans to implement the Fingleton review this year to speed up the delivery of new nuclear power.Reeves rejected calls from the Conservatives to issue new oil and gas licenses in the North Sea, stating they would not insulate the UK from further energy shocks or bring down UK consumers’ bills.

Pakistan's attempts to facilitate peace talks between Iran and the US are encountering substantial obstacles. The intensification of Israeli bombing campaigns on civilian targets in Iran and an expanding US military presence in the Gulf region are casting a shadow over these efforts.Pakistan, maintaining relative neutrality with good relations with both Iran and the US, had hoped to provide a venue for negotiations. However, the conflict is widening, trust is scarce, and the stated positions of Tehran and Washington are far apart. Pakistani officials believe Israel's actions pose a significant risk to any potential talks, particularly given recent attacks on civilian nuclear sites and steel plants.Iran's core concerns include ensuring an end to the war and preventing future attacks by the US and Israel. Former Pakistani ambassador to the US, Maleeha Lodhi, expressed skepticism about US President Donald Trump's reliability, citing his unpredictable nature.Despite these challenges, Pakistan continues its diplomatic efforts. The country's prime minister, Shehbaz Sharif, has been in communication with Iranian President Masoud Pezeshkian, and foreign ministers from Turkey, Egypt, Saudi Arabia, and Pakistan are set to hold talks in Islamabad to discuss ending the conflict.The situation remains complex, with US troop buildup suggesting that peace talks may not align with US plans. Iran has expressed distrust towards previous US interlocutors, but there is consideration for US Vice-President JD Vance to represent the US in talks, an idea supported by Iran.

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Iranian politicians are pushing for the country to exit the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) as the conflict with the US and Israel escalates. The country's national security commission spokesman, Ebrahim Rezaei, stated that remaining a signatory to the treaty has been 'meaningless' and provided no benefits to Iran.Malek Shariati, a representative from Tehran, has introduced legislation to withdraw Iran from the NPT, revoke a law linked to the 2015 nuclear deal, and support a new international treaty with aligned countries to develop peaceful nuclear technologies. The proposed law must be approved by the parliament and the Guardian Council before implementation.The move comes as the US and Israel have ramped up their attacks on Iranian nuclear sites, steel factories, and a university. Recent air strikes have targeted key infrastructure, including a yellowcake facility in Yazd and the Khondab Heavy Water Complex near Arak. The International Atomic Energy Agency (IAEA) has warned about the potential for a major radiological incident.Iranian authorities have accused the IAEA of taking a politicized stance and being complicit in attacks against Iranian nuclear sites. IAEA Director Rafael Grossi has been criticized by Iranian officials, with one adviser to the Supreme Leader labeling him a 'partner in crime.'The conflict has also had significant economic impacts, with thousands of jobs at risk due to damage to Iran's steel giants. The country's economy is struggling with an energy crisis and inflation rates of about 70 percent. The internet has been blocked for a month, limiting the flow of information to state-run outlets.

Yemen's Houthi rebels have launched a barrage of ballistic missiles at Israel, marking their first such attack since the US-Israel war on Iran began. The assault was announced by Brigadier-General Yahya Saree, a military spokesman for the Houthis, on their Al-Masirah satellite television. The attack targeted what Saree described as 'sensitive Israeli military sites' in southern Israel. The Israeli military reported intercepting one of the missiles. This development comes as Iran and Hezbollah continue to fire on Israel, with sirens sounding around Beer Sheba and near Israel's main nuclear research centre. Saree stated that the strikes 'will continue until the declared objectives are achieved, as stated in the previous statement by the armed forces, and until the aggression against all fronts of the resistance ceases'. This escalation follows a vague statement by Saree on Friday signaling the rebels' intention to join the conflict. The Houthis, who have controlled Yemen's capital, Sanaa, since 2014, had previously stayed out of the US-Israel war. However, they have been involved in attacks on shipping vessels during the Israel-Hamas war, disrupting commercial transit in the Red Sea. Over 100 merchant vessels were attacked with missiles and drones, resulting in two ships sinking and four sailors killed between November 2023 and January 2025. Experts consider the Houthis' entry into the US-Israeli war on Iran as 'very significant'. Mohamad Elmasry, a professor of Media Studies at the Doha Institute for Graduate Studies, noted that if the Houthis were to shut down the Bab al-Mandab Strait, the Red Sea, and the Suez Canal, it would impact two major international shipping waterways, alongside the Strait of Hormuz. Al Jazeera's Nida Ibrahim reported from Ramallah that the opening of a new front in the war is likely to raise questions in Israel about 'the viability of the operations and the way the government is conducting its war'. She expects Israel to retaliate to this attack, as seen in previous instances when Yemen joined the battle.

Reports have emerged of Israeli strikes targeting significant industrial and nuclear facilities in Iran. The nature and extent of the damage are not yet fully disclosed.The incident marks a significant escalation in the ongoing conflict between Israel and Iran, with potential implications for regional stability and global security.The Israeli military's actions have been widely reported, though official statements from Israel remain scarce.

Israel has confirmed that it has struck a uranium processing facility in the central Iranian city of Yazd, in an escalatory move that comes as regional diplomats have been attempting to broker an agreement to halt the joint US-Israeli war on Iran.The Israeli Air Force said it hit a plant used to extract raw materials essential to the uranium enrichment process, describing it as a 'unique facility' in Iran's nuclear infrastructure. Iran's Atomic Energy Organization confirmed the strike, but said there were no casualties or radiation leaks.A projectile also hit near the Bushehr Nuclear Power Plant, Iran's Atomic Energy Organisation said. The attack caused 'no casualties, financial, or technical damage,' the organisation said.Friday marked day 28 of the conflict, and the assault by the Israeli army was part of a broad wave of attacks on sites across the country. The Khondab Heavy Water Complex in central Iran was hit, as well as two major steel plants: the Khuzestan Steel facility and the Mobarakeh Steel complex in Isfahan.Foreign Minister Abbas Araghchi said Iran will 'exact heavy price' for Israeli attacks on several important infrastructure sites. 'Israel has hit 2 of Iran's largest steel factories, a power plant and civilian nuclear sites among other infrastructure,' said Araghchi in a post on X.Strikes also hit areas in and around Tehran, the city of Kashan and Ahwaz, while 18 people were killed in Qom. More than 1,900 people have been killed in US-Israeli attacks on Iran since the war began on February 28.Iranian officials said US-Israeli strikes have damaged at least 120 museums and historical sites across the country since hostilities began.Negar Mortazavi, a senior non-resident fellow at the Center for International Policy, told Al Jazeera that even Iranians who had been critical of their own government increasingly view the war as an assault on the Iranian people rather than its leadership, saying the targeting of water, electricity, gas, cultural heritage, schools and hospitals was 'unacceptable.'Israeli Defence Minister Israel Katz said Israel would 'intensify' its campaign and expand the range of sites it targets, accusing Tehran of deliberately directing missiles at Israeli civilians.