Business
Passage denied: Oil and gas swing wildly as Hormuz crisis drags on
Oil prices are climbing, albeit at a slower pace, as the US and Israel's war with Iran enters its fifth day, with little to ease concerns over the safety of the Strait of Hormuz — a vital artery for the global energy supply.
Culture news
Battle for Barron Trump: What is ‘DraftBarron’ and why is it trending?
A satirical website calling for Donald Trump’s youngest son, Barron Trump, 19, to be drafted into the US military has been created, as the US and Israel launched strikes on Iran. The hashtag #SendBarron has been trending on social media.
Markets
South Korean stocks suffer worst day on record amid Iran war shocks
Asian markets suffered heavy losses on Wednesday, with South Korea’s main index (Kospi) plunging more than 12%, recording its worst single-day decline in history as the widening conflict in Iran continues to disrupt global markets.
Economy
Gas prices nearly double as Europe braces for Iran war energy shocks
Gas prices in Europe are rising as Middle East tensions disrupt global energy flows, fuelling fears of tighter LNG supplies. Analysts warn that if the conflict persists, higher wholesale costs could feed through to household bills and weigh on the wider economy.
Europe Today
Petraeus: Europe’s participation in Iran war 'certainly a possibility'
David Petraeus told Euronews' morning show Europe Today that European countries may join US-Israel operations against Iran, mostly in air defence, but has ruled out US boots on the ground. France, Germany and the UK have so far signalled a defensive approach.