Key events20m agoOpening summaryShow key events onlyPlease turn on JavaScript to use this featureShip attacked in
Strait of Hormuz: British officialsIn case you missed this news earlier, an attack set a ship ablaze early on Thursday off the coast of the
United Arab Emirates.The
United Kingdom Maritime Trade Operations centre said a vessel was “hit by an unknown projectile, which has resulted in a fire onboard”.It said the vessel was just off the coast of Khor Fakkan in the UAE, near the mouth of the
Strait of Hormuz.Over 20 vessels have been attacked during the
Iran war so far.‘Growing stagflation risk’ is unsettling markets, warns strategistIn other Asia business news today, Japan’s Nikkei was down 2.5%, while South Korean equities fell 1.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 1.5%.“This latest escalation feels like a turning point for markets because the conflict is no longer just about military headlines or
Strait of Hormuz closure,” Charu Chanana, the chief investment strategist at Saxo in Singapore, told Reuters. double quotation mark“It is now hitting the plumbing of the global energy system. What is unsettling markets now is the growing stagflation risk ... It means this is no longer just a geopolitical story but a macro one.
Cathay Pacific suspends flights to and from
Dubai until end of AprilThe Hong Kong aviation giant
Cathay Pacific has suspended flights to and from
Dubai over the war in the Middle East.“In view of the developing situation in the Middle East, all
Cathay Pacific flights to and from
Dubai have been cancelled up to and including 30 April 2026,” the company said in a statement, adding that “further changes to our flight schedule may be needed in the coming days”.Opening summaryWelcome to our continuing live coverage of the US-
Israel war on
Iran and the broader crisis in the region, and global economy.
Donald Trump has threatened to “massively blow up” the entire
South Pars gas field if
Iran carries out any more retaliatory attacks on
Qatar’s LNG gas facilities.The US president also said in a post on his Truth Social platform that the US “knew nothing” about
Israel’s earlier attack at the South Pars field, which
Iran shares with
Qatar. Trump said that “no more attacks will be made by
Israel” on the field – unless
Iran “decides to attack a very innocent, in this case,
Qatar”.Trump added: “In which instance the
United States of America, with or without the help or consent of
Israel, will massively blow up the entirety of the
South Pars gas field at an amount of strength and power that
Iran has never seen or witnessed before.”
Israel struck the giant South Pars gasfield on Wednesday, marking a major escalation of the war, hours after Israeli forces killed the regime’s intelligence minister and launched some of the most intense airstrikes in Beirut for decades.
Iran condemned the South Pars strike, with President Masoud Pezeshkian warning of “uncontrollable consequences” that “could engulf the entire world”.
Iran later launched strikes on its Gulf neighbours’ energy facilities:
Qatar’s massive Ras Laffan liquefied natural gas facility, and the Habshan gas facility and Bab field in the
United Arab Emirates. The UAE said the Habshan and Bab field operations were shut down after interceptions over the sites.The UAE government called
Iran’s retaliatory strikes a “dangerous escalation” in the war.
Qatar ordered Iranian embassy officials to leave the country within 24 hours.Other developments include: The Pentagon “has asked the White House to approve a more than $200bn request to Congress to fund the war in
Iran, according to a senior administration official”, the Washington Post reports. The oil price climbed towards $110 a barrel on Wednesday as the mounting threat to the Gulf’s oil and gas infrastructure fuelled concerns of more disruption to global supplies, amid the continuing blockade of the
Strait of Hormuz. QatarEnergy said “sizeable fires” caused extensive damage at its LNG facilities after Iranian missile attacks in the early hours of Thursday. An attack set a ship ablaze early on Thursday off the UAE coast, authorities said. The
United Kingdom Maritime Trade Operations centre said “a vessel has been hit by an unknown projectile, which has resulted in a fire onboard”. French president Emmanuel Macron called for an immediate moratorium on striking civilian infrastructure, and said civilian populations and their needs must be “protected from military escalation”. Three Palestinian women were killed in an Iranian missile attack in the occupied West Bank late on Wednesday, the Palestinian Red Crescent said, in the first deadly Iranian strike there. A man was killed in central
Israel in the latest round of Iranian missile fire, medics say. It brings the death roll in
Israel from the war to 15. Republicans in the US Senate blocked a measure that aimed to reign in
Donald Trump’s power to wage war against
Iran without congressional authorisation, winning a 53-47 vote.