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The United Kingdom is set to convene a virtual meeting of 35 countries to assess measures to reopen the Strait of Hormuz, a critical Gulf waterway that has been effectively closed due to the US-Israeli war on Iran. British Prime Minister Keir Starmer announced that UK Foreign Minister Yvette Cooper would host the meeting on Thursday.The meeting aims to “assess all viable diplomatic and political measures that we can take to restore freedom of navigation, guarantee the safety of trapped ships and seafarers and resume the movement of vital commodities”, according to Starmer.Countries around the world have raised serious concerns about Iran’s effective closure of the strait, through which about one-fifth of the world’s oil and liquified natural gas supplies transit. The closure has sent global energy prices soaring and pushed nations to announce that they would release some of their strategic oil and gas reserves in an effort to lessen the crisis.Starmer emphasized that reopening the strait “will not be easy” and that countries that recently signed a statement saying they were ready “to contribute to appropriate efforts to ensure safe passage through the Strait of Hormuz” would take part in this week’s talks.In addition to the UK, France, Germany, Italy, Japan, and the Netherlands are among the countries to have signed it. The UK and other European countries have faced condemnation from US President Donald Trump, who has accused them of both failing to take action to reopen the strait and not providing sufficient support to Washington in its war effort.

Iran has strongly denied US President Donald Trump's claim that the Iranian president has requested a ceasefire amid the ongoing conflict with the United States and Israel. A senior Iranian official stated that there has been no such request, contradicting Trump's post on social media.According to Al Jazeera's Ali Hashem, reporting from Tehran, the Iranian government is refuting Trump's claim, stating that they have not asked for any ceasefire. This development occurs as the US and Israel continue their military actions against Iran, leading to soaring global energy prices and widespread opposition among the US public.Trump's claim came just hours before he was scheduled to deliver a speech in Washington, DC, which the White House described as an 'important update on Iran'. In his social media post, Trump mentioned that his administration would consider the purported ceasefire request once the Strait of Hormuz is 'open, free, and clear'. He also threatened to continue 'blasting Iran into oblivion' until this condition is met.The ongoing conflict has raised serious concerns about a global economic downturn, particularly due to the critical nature of the Strait of Hormuz, through which about one-fifth of the world's oil and liquified natural gas supplies transit. Experts, such as Mohamad Elmasry from the Doha Institute for Graduate Studies, have expressed concerns over Trump's aggressive rhetoric and its implications for civilian infrastructure in Iran.Al Jazeera's Alan Fisher, reporting from the White House, suggested that Trump is unlikely to announce an immediate end to the war during his address. Instead, sources indicate that he may state the conflict will continue for a couple of weeks, acknowledging the financial strain on the public but framing it as a short-term pain.

US President Donald Trump has stated that his 'preference would be to take the oil' in Iran, sparking concerns about the potential for a US invasion or occupation of the country. Iran is one of the world's biggest oil producers, holding around 24 percent of the Middle East's and 12 percent of the world's proven oil reserves, with about 157 billion barrels of proven crude oil.The Trump administration has threatened to target Iran's energy infrastructure, including oil wells, if Tehran does not reopen the Strait of Hormuz, which has been under a de facto Iranian blockade for weeks, triggering a global energy crisis. The US has also unveiled plans to prepare for limited ground operations in Iran, potentially including raids on Kharg Island and coastal sites near the Strait of Hormuz.Seizing Iranian oil would not be easy, as the US would have to occupy Iran's oil production sites and refineries, essentially occupying mainland Iran. However, if the US were to lift sanctions on Iranian oil after seizing it, it could lead to a flow of more Iranian oil into global markets, bringing down oil prices.The US-Israeli war on Iran has already sent global oil prices soaring, with benchmark Brent crude rising to more than 3 percent on Monday to $116 a barrel – the highest level in nearly two weeks. The oil price was about $65 per barrel before the war.In 2023, Iran's gross domestic product (GDP) was around $457.5bn, according to World Bank data. Iran's net oil export revenues were estimated at $53bn, equivalent to roughly 12 percent of Iran's GDP.This is not the first time the US has shown an interest in Iranian oil. In 1953, the government of Mohammad Mossadegh, Iran's first democratically elected prime minister, was toppled in a CIA-orchestrated coup after he nationalised the British-controlled firm Anglo-Iranian Oil Company (AIOC), the predecessor of modern-day BP.

Kuwait's Ministry of Electricity confirmed that an Iranian attack on a power and water desalination plant resulted in the death of an Indian worker and significant material damage to a service building. The attack is part of Iranian aggression against Kuwait, according to the ministry.Emergency response teams were quickly dispatched to the site to manage the aftermath and ensure continued operations. The incident occurred as regional tensions spike following the start of the US-Israeli war on Iran over a month ago.Iranian forces have retaliated against Israel and countries hosting US military assets with drone and missile strikes, causing casualties and infrastructure damage. The conflict has also led to Iran effectively blocking the Strait of Hormuz, a critical passage for 20% of global oil and liquefied natural gas, driving up energy prices and unsettling financial markets.The vulnerability of critical water infrastructure in one of the world's most water-scarce regions has been exposed by the war. Kuwait has faced repeated attacks since the conflict began, including the detection of 14 missiles and 12 drones in its airspace, with several targeting a military camp and injuring 10 servicemen.The US and Israeli attacks on Iran have killed over 2,000 people, including high-ranking officials and children, and destroyed critical infrastructure. The situation remains volatile, with US President Donald Trump pausing threatened attacks on Iranian energy plants until April 6, and Iran vowing to respond to any attacks on its facilities with strikes on energy sites across the Gulf region.

Israeli police have taken unprecedented action by blocking Cardinal Pierbattista Pizzaballa, the Latin patriarch of Jerusalem, from entering the Church of the Holy Sepulchre on Palm Sunday. This move marks a significant escalation in tensions, as it is the first time in centuries that the Heads of the Church have been prevented from celebrating the Palm Sunday Mass at this sacred site.The Catholic Church strongly condemned the decision, describing it as a 'manifestly unreasonable and grossly disproportionate measure' that disregards the sensibilities of billions of people worldwide. The Church emphasized that this incident represents an extreme departure from basic principles of reasonableness, freedom of worship, and respect for the status quo.Israeli police cited safety concerns due to the ongoing US-Israeli war on Iran as the reason for closing all holy sites in Jerusalem. However, this explanation has been met with criticism from various countries, including Italy and France. Italian Prime Minister Giorgia Meloni described the incident as 'an offence not only to the faithful, but to any community that respects religious freedom.'The incident has sparked international condemnation, with French President Emmanuel Macron emphasizing that worship 'for all religions' must be guaranteed in Jerusalem. The Italian Foreign Minister Antonio Tajani also summoned Israel's ambassador over the incident, highlighting the growing diplomatic fallout.

Pakistan's capital, Islamabad, has become a hub for diplomatic activity as key regional powers converge to address the escalating conflict between the US and Iran. Egyptian Foreign Minister Badr Abdelatty, Turkish Foreign Minister Hakan Fidan, and Saudi Foreign Minister Faisal bin Farhan Al Saud have arrived for talks with Pakistani Deputy Prime Minister Ishaq Dar. The meetings aim to bring an end to the US-Israeli war on Iran, which has entered its 30th day and caused a global energy crisis. The conflict has led to a significant increase in tensions in the Middle East, with 20 percent of the world's oil and gas supplies passing through the Strait of Hormuz, which has been choked by Iran. Pakistan is walking a diplomatic tightrope, with close defense ties to Saudi Arabia and cultural ties to Iran. The country is also home to the second-largest Shia population in the world after Iran. Analysts describe Pakistan's role as a 'very delicate balancing act' as it tries to bring the Americans and Iranians back to the negotiating table. The diplomatic push is driven by severe economic fears, with millions of Pakistani citizens potentially losing their jobs in the Gulf region if the conflict spreads. The stakes are existential for Islamabad, which risks a major crisis if energy supplies decline. Experts point out that the enormous economic costs borne by the Gulf countries have dropped drastically due to the closure of the Strait of Hormuz. Iranian drone and missile attacks have targeted energy and industrial facilities, forcing petroleum companies to declare force majeure on supply contracts. The Islamabad gathering serves as a foundational step for an 'Islamic alliance' designed to counter the Israeli project in the region, address geopolitical vacuums, and mitigate uncertainties surrounding future US involvement.

Recent air strikes on Iraq's Popular Mobilisation Forces (PMF) have resulted in the deaths of three PMF fighters and two Iraqi police officers. The attacks, which occurred near northern Iraq's Kirkuk Airport, also left two fighters wounded and six Iraqi soldiers injured.An Iraqi security source revealed that the double-bombing was part of the ongoing US-Israeli war on Iran, which has been spilling over into Iraq's eastern border. The PMF, a coalition now integrated into the regular Iraqi army, accused the US and Israel of a 'treacherous Zionist-American' attack.In a separate incident, Reuters reported that two members of the Iraqi police were killed in an air strike targeting the PMF in Mosul, approximately 105 miles northwest of Kirkuk. This development has contributed to the escalating tensions in the region.Al Jazeera's Nicolas Haque reported from Baghdad that Iraq is becoming an 'expanding battleground' in the crisis. The conflict began on February 28 with US-Israeli strikes on Iran and now threatens to engulf the region in a protracted conflict.The PMF, formed in 2014 to fight ISIL (ISIS), has been targeted by pro-Iran armed groups within the coalition. These groups have claimed responsibility for attacks on US interests in Iraq and beyond.Haque noted that the PMF takes its orders from Baghdad, but some factions are loyal to Tehran. This complex dynamic makes it challenging for Baghdad to manage the different factions effectively.Iraq finds itself 'on a tightrope' between the US and Iran, said Haque, due to its economic and security ties with both countries. The government must balance its relationships with its biggest neighbor, Iran, and the United States.In related incidents, two drones targeted an airbase serving as a hub for US and coalition forces near Erbil airport in Iraq's semi-autonomous Kurdish region. The US C-RAM air defence system successfully intercepted the drones.French President Emmanuel Macron described the increased attacks in Iraq as a 'worrying development' after speaking to Nechirvan Barzani, president of the Kurdish region.

The ongoing conflict in Iran has caused significant turmoil in the global oil markets, with Brent crude oil prices climbing 51% since the start of March, according to LSEG data. This surge has put Brent crude on track for its biggest monthly gain on record, surpassing the previous record of 46% set in September 1990 during the first Gulf War.On Friday, Brent crude closed at $112.57 a barrel, up from $72.48 a barrel on February 27, the day before the US-Israeli war on Iran began. The price of Brent crude traded as high as $119.50 a barrel during March, its highest level since June 2022, after Iran largely closed the Strait of Hormuz, a critical passage for a fifth of global oil and gas.Despite a coordinated release of 400m barrels of oil from emergency reserves announced on March 11, oil prices continued to climb throughout the month. Analysts at BloombergNEF estimate that 9m barrels of oil per day have been knocked off global oil supply due to the Middle East conflict.The conflict has also had a ripple effect on other assets, with gold prices falling by almost 15% since the start of March, on track for its worst month since 2008. The spot price of gold has been under pressure from the sale of about $3bn of bullion by the Turkish Central Bank last week, which cut its reserves by almost 50 tonnes to 772 tonnes to fund efforts to stabilize the Turkish lira.The Dow Jones industrial average has also been impacted, entering a correction at the end of last week, more than 10% below its record high. Stocks fell despite US President Donald Trump's latest extension on planned strikes against Iran's energy infrastructure, as investors anticipated prolonged disruption to oil from the Gulf.“Markets appear to be placing less weight on White House jawboning and focusing more on the underlying supply risks,” said Fawad Razaqzada, an analyst at City Index. Britain's stock market also had a poor month, with the FTSE 100 index falling more than 8% – on track for its worst month since March 2020, when Covid-19 rocked financial markets.

The US-Israeli war against Iran shows no signs of abatement as it enters its second month, with regional tensions escalating through multiple fronts. Yemen's Iran-backed Houthi rebels have confirmed their first attack on Israel since the conflict began, launching a ballistic missile that was intercepted by Israeli defense systems. The targeted strike aimed at Israeli military sites located in the south of the occupied West Bank, marking a significant expansion of the conflict beyond direct US-Israeli operations against Iran.In a separate development, Israel killed three journalists in a targeted strike on their vehicle in southern Lebanon. The incident highlights the growing dangers facing media personnel in the increasingly volatile region as the conflict continues to spread across multiple borders and involve various non-state actors.These developments underscore the complex and widening nature of the conflict, which has evolved beyond direct military confrontation between the United States, Israel, and Iran to include regional proxies and civilian targets.