Updated at\u00a003.01 EDT<\/p>\n
Foreign ministers from the Association of Southeast Asian Nations (Asean) will hold a special meeting on the situation in the Middle East on Friday, a Philippine foreign ministry official has been quoted as saying.<\/p>\n
Donald Trump has been at pains in recent days to reassure the world that the economic impact of his war on Iran<\/a> can be contained, but across Asia \u2013 the world\u2019s top crude oil importing \u200bregion \u2013 the rhetoric around the ramifications of this conflict is less important than the reality.<\/p>\n Asian countries from Pakistan to South Korea<\/a> have been forced to confront a brewing energy supply crisis.<\/p>\n You can read more in this analysis from Callum Jones here:<\/p>\n Share<\/a><\/p>\n An Iranian source is denying the country will allow India-flagged tankers to pass through the vital strait of Hormuz, Reuters is reporting.<\/p>\n The news agency a little earlier quoted an Indian source as saying Iran would in fact allow such tankers to pass through the strait, a key artery for global oil trade.<\/p>\n The regime in Tehran has weaponised geography in retaliation for the attacks by the US and Israel<\/a>, choking the flow of Middle Eastern crude oil through the strait.<\/p>\n Here\u2019s a visual guide explaining why the narrow waterway south of Iran has become such a focal point:<\/p>\n Share<\/a><\/p>\n Updated at\u00a002.21 EDT<\/p>\n Here are some of the latest images coming in from the war in the Middle East.<\/p>\n Smoke rises as Lebanese civil defence personnel work to extinguish a fire in a building destroyed after an strike in Beirut\u2019s southern suburbs amid an escalation between Israel and Hezbollah. Photograph: ReutersAn Iranian missile landing in Israel, as seen from Tel Aviv, Israel. Photograph: Dylan Martinez\/ReutersCrew members rescued from the fuel tanker Zephyros stand aboard an Iraqi vessel after the tanker was set ablaze in an apparent attack in Iraqi waters, at the Iraqi port of Faw. Photograph: Mohammed Aty\/ReutersA banner depicts a portrait of new Iranian supreme leader Ayatollah Mojtaba Khamenei as smoke rises from an unknown location in southern Tehran, Iran. Photograph: Morteza Nikoubazl\/NurPhoto\/ShutterstockA member of the Lebanese Civil Defence inspects a destroyed building after an Israeli strike on Beirut\u2019s southern suburbs. Photograph: ReutersPeople inspect homes in Haniel, central Israel, damaged by a projectile launched from Lebanon. Photograph: Baz Ratner\/APPeople gather next to a damaged car at the scene where a drone strike targeted another vehicle in Ramlet al-Baida at Corniche Beirut in the Lebanese capital. Photograph: Khalil Ashawi\/ReutersBlack soot in Tehran after reported black rain following a strike on fuel tanks. Photograph: Majid Asgaripour\/ReutersShare<\/a><\/p>\n Iran will allow India-flagged tankers to pass through the strait of Hormuz, Reuters is quoting an Indian source as saying.<\/p>\n More on this soon.<\/p>\n Share<\/a>Israeli strike kills seven on Beirut seafront, says Lebanon<\/p>\n Lebanon said an Israeli strike on central Beirut\u2019s seafront killed at least seven people early on Thursday \u2013 another attack in the heart of the capital as Iran-backed Hezbollah launched more missiles at Israel.<\/p>\n The Israeli military said separately it had carried out strikes on Beirut\u2019s southern suburbs overnight against Hezbollah, which had announced a major new operation against Israel<\/a>.<\/p>\n Agence France-Presse is reporting that local media aired footage showing smoke rising along the seaside road area after the strike in central Beirut, which state-run National News Agency (NNA) said targeted a car.<\/p>\n The Israeli strike on Ramlet al-Bayda in Beirut led to an initial toll of seven dead and 21 wounded, the health ministry said.<\/p>\n It was the third attack in the heart of the capital since the Middle East war began. Israel has also repeatedly hit the southern suburbs of Beirut, where the Israeli military said on Thursday it had hit 10 Hezbollah targets.<\/p>\n The NNA reported on Thursday that Israeli strikes had also hit several towns in southern Lebanon, including Taybeh and al-Sultaniyya as well as Qana, near the city of Tyre.<\/p>\n Hezbollah said early on Thursday that it had fired missiles at an Israeli military intelligence base in the suburbs of Tel Aviv.<\/p>\n Share<\/a><\/p>\n The US embassy in Muscat says it has lifted its \u201cshelter in place\u201d guidance for the whole country of Oman.<\/p>\n It also said in a statement on its website that the embassy \u201ccontinues to advise sheltering in place if you are located within or near Duqm or within a 100km radius of Salalah and it is unsafe to leave\u201d.<\/p>\n double quotation markTo the extent possible, remain in a secure structure, and stay away from windows.<\/p>\n Share<\/a>Oil prices top $100 a barrel again Oil prices are on the rise again, with the international benchmark Brent crude back above $100 per barrel, as concern over the US-Israel war with Iran intensifies. Asian stock markets are back under pressure, too.<\/p>\n In a bid to calm concerns over oil supplies, the International Energy Agency (IEA) ordered the largest release of government reserves in its history on Wednesday. But the announcement was overshadowed by widespread Iranian attacks on energy facilities across the Middle East.<\/p>\n Several merchant ships were struck in and around the strait of Hormuz, one of the most important arteries in global trade. Iraq halted all operations at its oil ports after an attack on two nearby oil tankers. Bahrain told residents to stay home after an Iranian attack on fuel tanks in the Muharraq Governorate.<\/p>\n Oman has meanwhile shifted all vessels out of its main oil export terminal at Mina Al Fahal after drone strikes at another of its ports, Bloomberg reported<\/a>, citing sources who received a notice from a port agent.<\/p>\n The disruption continues.<\/p>\n Share<\/a><\/p>\n Updated at\u00a001.32 EDT<\/p>\n The Australian government has announced a temporary downgrade in the country\u2019s fuel quality standards, a move designed to put an extra 100m litres a month into the system.<\/p>\n Federal energy minister Chris Bowen told parliament that in order to assist with putting downward pressure on prices, the government would allow a 60-day change to allow higher sulfur levels in fuel.<\/p>\n The petrol supply would be prioritised for regional areas. It would otherwise have been exported to countries overseas.<\/p>\n Bowen said:<\/p>\n double quotation markWhile Australian fuel consumption has not changed, this will help relieve pressure on distribution chains disrupted by elevated demand.<\/p>\n The government has been unequivocal \u2013 this additional supply must help the people who need it, including farmers, fishers and regional communities.<\/p>\n Bowen has also activated a national coordination mechanism to work with fuel producers and retailers during the growing conflict in the Middle East.<\/p>\n Share<\/a><\/p>\n Updated at\u00a000.58 EDT<\/p>\n New Zealand mulls car restrictions if fuel supplies run low<\/p>\n Officials in New Zealand say they are considering using decades-old laws restricting vehicle use if fuel supplies dwindle due to the war in the Middle East.<\/p>\n Finance minister Nicola Willis told reporters on Thursday that officials had discussed using legislation introduced to restrict fuel use in the wake of the Iranian revolution in 1979 in response to the crisis.<\/p>\n Under those laws, car owners had to nominate one day per week when they would not use their vehicle and faced hefty fines if caught driving. They also allowed the government to authorise the sale of coupons to restrict fuel use, and restrict the amount that could be sold, Agence France-Presse is reporting.<\/p>\n The so-called \u201ccarless days\u201d were in effect from July 1979 to May 1980.<\/p>\n The minister\u2019s comments came as oil prices surged back above $100 a barrel on Thursday.<\/p>\n Share<\/a><\/p>\n Updated at\u00a000.50 EDT<\/p>\n Iraq halts oil terminal operations as Iran widens attacks on regional energy sites<\/p>\n An attack on Iraq\u2019s Basra port early Thursday killed at least one person and forced authorities to halt operations at all the country\u2019s oil terminals, officials said \u2013 as Iran<\/a> stepped up its attacks on the region\u2019s energy infrastructure.<\/p>\n Farhan al-Fartousi, director general of the General Company for Ports of Iraq, made the announcement in a statement carried by the state-run Iraqi News Agency on Thursday.<\/p>\n He said the attack targeted a ship engaged in a ship-to-ship transfer of oil in the Basra port on the Persian Gulf. He said it remained unclear if the ship was targeted by a flying or seaborne drone or a missile.<\/p>\n A ship burns after Iranian explosive-laden boats appear to have attacked two fuel tankers in Iraqi waters. Photograph: Media Office of Iraqi Ports\/Reuters<\/p>\n Rescuers recovered one dead body and helped 38 others after the attack. Al-Fartousi said commercial ports in Iraq remained open, though the oil terminals had been shut.<\/p>\n Meanwhile, Bahrain told residents to stay home after an Iranian attack on fuel tanks.<\/p>\n The interior ministry told residents in three parts of Muharraq to \u201cremain in their homes, close windows and ventilation openings as precaution against potential effects of smokes from the fire currently being fought\u201d.<\/p>\n And Oman shifted all vessels out of its main oil export terminal at Mina Al Fahal outside the Strait of Hormuz<\/a> in a precautionary move, Bloomberg News reported.<\/p>\n Share<\/a><\/p>\n Updated at\u00a001.03 EDT<\/p>\n Welcome summary<\/p>\n Hello and welcome to our continuing live coverage of the US-Israel war on Iran<\/a> and its impact on the region, and the world.<\/p>\n Iran set ablaze two tankers in Iraqi waters early on Thursday as it stepped up attacks on oil and transport facilities<\/a> across the Middle East, warning the world should be ready for oil at $200 a barrel \u2013 in defiance of President Donald Trump\u2019s claim that the United States had already won the war.<\/p>\n Unleashed with joint US and Israeli airstrikes on Iran almost two weeks ago, the war has so far killed about 2,000 people and thrown global energy markets and transport into chaos.<\/p>\n At a campaign-style rally in Kentucky<\/a>, Trump said the US had won the war but didn\u2019t want to have to go back every two years.<\/p>\n \u201cWe don\u2019t want to leave early do we?\u201d he said on Wednesday. \u201cWe\u2019ve got to finish the job.\u201c<\/p>\n Oil prices, which shot up earlier in the week to nearly $120 a barrel before settling back to around $90, rose nearly again on Wednesday and extended gains in Asian trade on Thursday amid renewed fears about supply disruption.<\/p>\n Here are the other latest developments:<\/p>\n The US will release 172m barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from war, the US energy secretary has said. Chris Wright said the release was part of a broader release of 400m barrels of oil agreed to by the 32-country International Energy Agency earlier in the day<\/a>.<\/p>\n US intelligence indicates that Iran\u2019s leadership is still largely intact and is not at risk of collapse any time soon, the Reuters news agency reported, citing three sources. A \u201cmultitude\u201d of intelligence reports provide \u201cconsistent analysis that the regime is not in danger\u201d of collapse and \u201cretains control of the Iranian public\u201d, said one of the three sources familiar with the matter, all of whom were granted anonymity to discuss US intelligence findings.<\/p>\n Two foreign tankers carrying Iraqi fuel oil are in flames after being attacked by Iranian boats laden with explosives, killing one foreign crew member, Iraqi port security officials told Reuters on Wednesday.<\/p>\n Trump said the US was \u201cnot finished yet\u201d<\/a> when asked about the war in Iran. He boasted that the US has hit Iran \u201charder than virtually any country in history has been hit\u201d, before adding: \u201cWe\u2019re not finished yet.\u201d Earlier he had told Axios<\/a> that the war would end \u201csoon\u201d since the there was \u201cpractically nothing left to target\u201d in Iran.<\/p>\n The Israeli military launched a \u201clarge-scale wave of strikes\u201d<\/a> on Beirut\u2019s densely populated suburbs after Hezbollah launched what the IDF said were \u201cdozens\u201d of rockets. The IDF claimed the strikes targeted what it described as \u201cHezbollah infrastructure\u201d in the Dahieh suburb of southern Beirut. Israel\u2019s renewed bombing campaign across Lebanon and its invasion of border areas with ground troops have killed more than 570 people, according to Lebanese authorities. This includes at least 83 children, according to Unicef. About 750,000 people have been displaced after being forced to flee the violence, sparking a growing humanitarian disaster.<\/p>\n A car targeted in an Israeli drone strike in Ramlet al-Baida, Beirut, on Thursday. Photograph: Wael Hamzeh\/EPA<\/p>\n The Israeli military said it was prepared to continue its war with Iran for as long as needed. \u201cWe as an army are prepared to continue the campaign as long as necessary,\u201d a spokesperson said. Earlier, the Israeli defence minister, Israel Katz, conveyed similar sentiments, saying<\/a> that the war \u201cwill continue without any time limit\u201d.<\/p>\n Iran\u2019s UN ambassador said a UN security council resolution demanding that Tehran stop its \u201cegregious\u201d attacks on Gulf nations<\/a> was an \u201cinjustice against my country\u201d \u2013 adding that Iran was the \u201cmain victim of a clear act of aggression\u201d. \u201cThe decision distorts the facts on the ground and ignores the root causes of the current crisis,\u201d Amir Saeid Iravani said. \u201cThe attack on us began with the assassination of the supreme leader and officials, which led to the deaths of thousands of victims.\u201d<\/p>\n Condemning \u201cheinous crimes and lethal aggression\u201d from the US and Israel<\/a>, Iravani said more than 1,348 civilians have been killed and more than 17,000 injured since Washington and Tel Aviv launched their joint attack on 28 February. More than 19,000 civilian sites \u2013 including 16,191 residential homes, 77 medical facilities and 65 schools \u2013 had been damaged, he said.<\/p>\n Iran\u2019s president, Masoud Pezeshkian, demanded that reparations and security guarantees be included in any agreement to end the war started by the US and Israel. The Trump administration, meanwhile, has said that Donald Trump will decide when to end the war on Iran, and the US president has demanded Tehran\u2019s \u201cunconditional surrender\u201d before that happens.<\/p>\n Trump evaded a question about the bombing of an Iranian girls\u2019 school that killed at least 175 people, most of them children. A preliminary investigation found that the US is to blame for the strike, according to a report from the New York Times<\/a>. When asked whether he takes responsibility for the attack, Trump replied: \u201cI don\u2019t know about it.\u201d More on that here<\/a>.<\/p>\n Oman\u2019s civil defence is working on containing a fire in fuel tanks at the port in Salalah, Oman\u2019s state news agency reported, after drones struck oil storage facilities there.<\/p>\n Qatar, Kuwait and the United Arab Emirates all said they had successfully intercepted Iranian drones and missiles against their territories.<\/p>\n![\"Callum](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/1773299049_983_Callum_Jones.png\")
Callum Jones<\/p>\n![\"Tom](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/1773299050_84_Tom_McIlroy.png\")
Tom McIlroy<\/p>\n