Satellite tv for pc photographs present harm to Iranian presidential advanced and Khamenei residence
Vantor satellite tv for pc photographs present the before-and-after harm to the Presidential advanced and the residence of Iran’s former supreme chief, Ayatollah Ali Khamenei.
Earlier than: Presidential advanced
Vantor satellite tv for pc picture reveals a more in-depth view of the presidential advanced in Tehran earlier than airstrikes.
2026 Vantor | Maxar | Getty Photographs
After: Presidential advanced
Vantor satellite tv for pc picture reveals broken presidential advanced with seen smoke plumes after the airstrikes.
2026 Vantor | Maxar | Getty Photographs
Earlier than: Presidential advanced and Khomeini residence
Vantor satellite tv for pc picture reveals an outline of the presidential advanced and Khameini residence in Tehran previous to airstrikes, earlier than the occasion in Presidential Advanced And Khomeini Residence.
2026 Vantor | Maxar | Getty Photographs
After: Presidential advanced and Khamenei residence
Vantor satellite tv for pc picture reveals an outline of the presidential advanced and Khameini residence displaying smoke harm after airstrikes in Tehran.
2026 Vantor | Maxar | Getty Photographs
Anthropic’s AI fashions getting used to help U.S. navy’s operations in Iran: Supply
Anthropic co-founder and CEO Dario Amodei speaks on a man-made intelligence panel throughout Inbound 2025 Powered by HubSpot at Moscone Heart on in San Francisco, Sept. 4, 2025.
Probability Yeh | Getty Photographs Leisure | Getty Photographs
Anthropic’s synthetic intelligence fashions are getting used to help the U.S. navy’s operations in Iran, even after the corporate was blacklisted by the Trump administration, in line with a supply accustomed to the matter, who requested to not be named as a result of the main points are confidential.
Protection Secretary Pete Hegseth designated Anthropic a “supply-chain threat to nationwide safety” on Friday after weeks of tense negotiations about how its AI fashions can be utilized. Trump additionally directed each federal company within the U.S. to “instantly stop” all use of Anthropic’s know-how.
A consultant for Anthropic declined to touch upon whether or not its fashions are getting used within the conflict in Iran. The corporate mentioned in a press release Friday that it plans to problem the supply-chain threat designation in courtroom.
Anthropic CEO Dario Amodei mentioned Thursday that the corporate’s “sturdy choice” is to proceed working with the Protection Division. However even because the company strikes away from its know-how, Amodei prompt Anthropic would proceed to cooperate with ongoing operations.
“Ought to the Division select to offboard Anthropic, we are going to work to allow a easy transition to a different supplier, avoiding any disruption to ongoing navy planning, operations, or different vital missions,” Amodei wrote. “Our fashions will likely be out there on the expansive phrases now we have proposed for so long as required.”
— Ashley Capoot and Kate Rooney
Hegseth ‘100%’ backs Trump denial that Israel pulled U.S. into Iran conflict
Secretary of Protection Pete Hegseth backed Trump’s comment that the U.S. “may need pressured Israel’s hand” in initiating conflict in Iran, quite than the opposite method round.
“That is 100% right,” Hegseth mentioned in an X publish responding to Trump’s feedback from the Oval Workplace denying that Israeli Prime Minister Benjamin Netanyahu pulled the U.S. into the conflict.
Questions on Israel’s affect within the U.S. determination intensified after Secretary of State Marco Rubio mentioned Monday, “We knew that there was going to be an Israeli motion. We knew that that might precipitate an assault towards American forces, and we knew that if we did not preemptively go after them earlier than they launched these assaults, we might undergo increased casualties.”
Later that day, Home Speaker Mike Johnson, R-La., mentioned that Israel “was decided to behave in their very own protection” with or with out the U.S. as a result of they confronted what they deemed to be an “existential risk” from Iran.
Intelligence confirmed that “if Israel fired upon Iran … then they’d have instantly retaliated towards U.S. personnel and property,” Johnson mentioned, including that the consequence of ready “may have been devastating.”
Trump, nevertheless, mentioned Tuesday that he believed Iran was “going to assault first, and I did not need that to occur.”
— Kevin Breuninger
Virgin Atlantic plans UAE, Saudi Arabia flights; carriers eye Oman to repatriate prospects
Virgin Atlantic planes are seen at Heathrow airport. London, Britain, Could 5, 2020.
Toby Melville | Reuters
Virgin Atlantic is planning to renew service between London Heathrow and Dubai and Riyadh on Tuesday, with returns scheduled for Wednesday. Nonetheless, the provider warned prospects that there could possibly be last-minute modifications to routings and schedules.
Airways have canceled about 20,000 flights to and from the area because the U.S. and Israel attacked Iran on Saturday, stranding or displacing a whole lot of 1000’s of vacationers.
The airline is avoiding Iraqi airspace and has advised vacationers that flights to India and the Maldives could possibly be longer as a consequence of rerouting.
Individually, British Airways and Lufthansa mentioned Tuesday they’re planning repatriation flights for residents from Oman, the place airspace is open.
— Leslie Josephs
Trump administration’s topsy-turvy narrative on the conflict
Trump mentioned fight will proceed in Iran till its “goals” are full. These goals and the justification for the conflict have remained fluid greater than 48 hours into the battle.
Trump and his proxies haven’t been aligned on their narrative, resulting in confusion about how Trump and his advisors are defining the endgame for ending the escalating battle. The acknowledged justification because the assault started Saturday has whipsawed between stopping Iran from acquiring a nuclear weapon, deposing the Iranian regime that brutally represses dissent, stopping an imminent assault from Iran on U.S. pursuits, and following Israel’s lead.
The muddied messaging underscores a broader query: Is Trump pursuing a single navy goal or full-blown regime change? And the dynamic has incensed Democrats, who’ve largely come out towards the conflict, and led a handful of Republicans to boost questions.
Secretary of State Marco Rubio talks to reporters forward of briefing the Congressional âGang of Eightâ on U.S. strikes on Iran, on the U.S. Capitol in Washington, DC on March 2, 2026.
Anadolu | Anadolu | Getty Photographs
“Now we have seen the objectives for this operation change now, I consider, 4 or 5 instances,” Sen. Mark Warner, D-Va., the highest Democrat on the Senate Intelligence Committee, advised reporters Monday after assembly with Secretary of State Marco Rubio. “It was concerning the Iranian nuclear capability, a number of days later it was about taking out the ballistic missiles, it was then — within the president’s personal phrases — about regime change … and now we hear it is about sinking the Iranian fleet.”
“I am undecided which of these objectives, if met, signifies that we’re at an endgame,” Warner mentioned.
Analysts say it is attainable the U.S. could possibly be pursuing each regime change and a useful disarmament of Iran — a long-term objective of U.S. administrations over a long time. They’re taking a look at what targets the U.S. and Israel are each hanging to find out motives. There may be additionally a risk that the U.S. and Israel are pursuing each goals individually.
Learn the total story right here.
— Garrett Downs
Trump says Iran conflict might carry increased oil costs ‘for a short while,’ however predicts they’ll drop
A motorist refuels a car at a gasoline station in Englewood, Ohio, US, on Tuesday, Oct. 21, 2025.
Kyle Grillot | Bloomberg | Getty Photographs
Trump prompt that rising oil costs wouldn’t be sufficient for him to desert the conflict with Iran.
“I’ve by no means had extra compliments on one thing I did,” Trump mentioned on the White Home.
“So if now we have a little bit excessive oil costs for a short while, however as quickly as this ends these costs are gonna drop, I consider, decrease than even earlier than,” he mentioned.
Oil costs have surged amid the navy battle within the Center East, and as Iran mentioned it will shut the Strait of Hormuz, a significant transit route for crude oil that ferries a median of 14.5 million barrels every day.
The vitality spike has boosted Treasury yields, as buyers worry the worth leap may exacerbate inflation and affect the Federal Reserve because it weighs additional interest-rate cuts.
— Kevin Breuninger
Trump says most individuals U.S. had in thoughts to take over Iran ‘are lifeless’
U.S. President Donald Trump speaks as he meets with German Chancellor Friedrich Merz within the Oval Workplace on the White Home in Washington, D.C., U.S., March 3, 2026.
Jonathan Ernst | Reuters
Trump mentioned that the U.S. wish to have the following chief of Iran be somebody who will carry the nation “again for the folks,” however acknowledges that an individual who suits that invoice might now be lifeless due to the conflict.
“The general public we had in thoughts are lifeless,” Trump mentioned on the White Home. “We had some in thoughts from that group that’s lifeless. And now now we have one other group. They could be lifeless, additionally primarily based on reviews.”
“So I suppose you could have a 3rd wave coming in, fairly certain we’re not going to know anyone,” he mentioned.
Requested by a reporter if the Iranian crown prince, Reza Pahlavi, who lives in exile within the U.S., is an possibility, Trump replied, “Some folks like him. We’ve not been pondering an excessive amount of about that.”
“It will appear to me that any individual from inside may be extra applicable,” Trump mentioned.
— Dan Mangan
European shares sink 3% as Center East battle intensifies
European shares completed sharply decrease on Tuesday, because the intensifying battle within the Center East continued to weigh on world investor sentiment.
The pan-European Stoxx 600 ended Tuesday’s session 3.2% decrease, extending Monday’s losses that noticed the index shut down 1.6%.
All main regional bourses traded in destructive territory, with Germany’s DAX and Italy’s FTSE MIB notching the sharpest declines.
— Chloe Taylor, Hugh Leask and Holly Ellyatt
Evaluation: What former U.S. intelligence officers are watching as conflict with Iran unfolds
The nationwide flag of Iran flies within the wind as particles lies scattered within the aftermath of an Israeli and U.S. strike on a police station, amid the U.S.-Israeli battle with Iran, in Tehran, Iran, March 3, 2026.
Majid Asgaripour | By way of Reuters
Former U.S. intelligence officers are watching what’s taking place within the Mideast area, however are additionally specializing in what’s not taking place, which might typically be simply as telling.
Ted Singer, the Central Intelligence Company’s former head of Center East Operations and five-time station chief, tells CNBC he is watching the Houthis — the Islamist political group in Yemen, which has been backed by Iran. To Singer, it is telling that the Houthis have up to now remained inactive in response to the U.S. and Israeli assaults.
“They have not but gotten into the fray,” Singer mentioned. “They’ve most likely made the calculation that they do not need to violate their truce with Saudi Arabia as a result of they must dwell with that eternally. And so they might consider Iran as we all know it’s executed eternally — or no less than for the foreseeable close to future.”
Singer can be watching shifting U.S. explanations for the conflict, and factors out that vagueness affords decision-making latitude for the Trump administration.
“The objective and acceptable finish are within the eye of the beholder, Trumpian,” Singer mentioned. “Trump will most likely decide on some layer of the present regime — a la Delcy Rodriguez — as soon as they are saying the magic phrases of no nukes, not ballistic missiles pointed at Israel and no assist to proxies.”
One other former CIA station chief within the area tells CNBC he’s watching Iran’s typical military management, generally known as Atresh, as a bellwether for the battle. The U.S. will want Artesh “to aspect with the folks and never simply keep impartial,” this former CIA station chief mentioned.
“The jury’s nonetheless out on Artesh, Israelis and CIA must be participating them,” Singer mentioned.
— Eamon Javers
Trump denies Israel pulled U.S. into conflict: ‘If something, I may need pressured Israel’s hand’
Trump denied accusations that Israel successfully dragged the U.S. into conflict with Iran by planning an preliminary strike on Tehran’s regime that might have led to retaliatory assaults towards America.
Requested on the White Home if Israel pressured his hand to launch the strikes, Trump mentioned, “No, I’d’ve pressured their hand.”
A day earlier, Secretary of State Marco Rubio mentioned, “We knew that there was going to be an Israeli motion. We knew that that might precipitate an assault towards American forces, and we knew that if we did not preemptively go after them earlier than they launched these assaults, we might undergo increased casualties.”
The remarks drew main scrutiny and criticism, even from some on the correct who recurrently aspect with Trump.
However Trump mentioned Tuesday, “We had been having negotiations with these lunatics, and it was my opinion that they had been going to assault first. They had been going to assault. If we did not do it, they had been going to assault first. I felt strongly about that.”
“And primarily based on the way in which the negotiation was going, I feel they had been going to assault first, and I did not need that to occur,” Trump mentioned. “So if something, I may need pressured Israel’s hand.”
— Kevin Breuninger
CNBC bureau chief: Iranian missiles pressured my Dubai flight to show round
About half-hour earlier than touchdown, passengers on a 3.5-hour Emirates flight to Dubai acquired an alarming replace from their captain: The aircraft must flip round as a result of Iran had fired missiles on the UAE.
CNBC Center East bureau chief Emma Graham was on that repatriation flight, a half-full Airbus A380 that had taken off from Mumbai.
About quarter-hour after the preliminary announcement, the captain mentioned that the airspace had reopened and the aircraft was clear to land in Dubai.
Learn the total story right here.
— Emma Graham and Kevin Breuninger
Lufthansa plans a repatriation flight from Oman
Lufthansa Airbus A340 passenger plane as seen touchdown at Eindhoven Airport EIN throughout a uncommon constitution flight, arriving from Athens, Greece.
Nicholas Economou | Nurphoto | Getty Photographs
Lufthansa mentioned it is sending a wide-body jet to Muscat, Oman, “on behalf of the German authorities” to repatriate German residents from the area both Wednesday or Thursday night, with service in different elements of the area suspended.
Lufthansa’s Airbus A340-300s seat 279 passengers. The German airline group mentioned that its service from Dubai and Abu Dhabi stays suspended till no less than Friday and flights to and from Tel Aviv, Beruit, Amman, Erbil and Tehran till March 8.
Larnaca, Cyprus, service is suspended till no less than Friday; the corporate will keep away from that airspace after a drone assault hit a British navy base there.
“As quickly because the state of affairs on the bottom and the related airspace closures enable, we are going to determine on extra flights from the area so as to have the ability to provide our company a return journey as quickly as attainable,” the corporate mentioned.
— Leslie Josephs
How the Iran conflict is hitting the worldwide provide chain
Iran’s closure of the Strait of Hormuz is halting the worldwide provide chain, and the impacts may worsen because the U.S.-Iran conflict continues.
The strait is a crucial artery for the worldwide oil commerce, with about 31% of all seaborne crude flows passing by way of it in 2025.
With delivery prices set to inflate as a consequence of conflict surcharges and gasoline surcharges, this is what shoppers ought to anticipate:

U.S. gasoline costs poised to rise to $3.35 per gallon on common: Analyst
Common U.S. gasoline costs are poised to climb as excessive as $3.35 per gallon, primarily based on their present trajectory, in line with Patrick de Haan, head of petroleum evaluation at GasBuddy.
“Any additional modifications in markets will change this, but when every thing held nonetheless, that is the place we might doubtless be,” de Haan mentioned on X.
Diesel would rise nearer to $4.25 to $4.45 per gallon, he added.
Rising gasoline costs — which on Monday noticed their largest single-day leap in 4 years, in line with de Haan — observe the surging costs of crude oil and pure gasoline. These fluctuations coincided with Iran reportedly closing the Strait of Hormuz and threatening to assault any tankers attempting to go by way of the important thing route.
GasBuddy’s live-ticking common earlier than 11 a.m. ET on Tuesday confirmed U.S. gasoline costs nearing $3.10 per gallon.
— Kevin Breuninger
Alphabet workers press administration to reject potential Pentagon deal for Gemini AI
Cfoto | Future Publishing | Getty Photographs
Tech employees at Alphabet are pushing for clearer limits on navy AI, as tensions rise throughout Silicon Valley following U.S. strikes on Iran and the Pentagon’s transfer to blacklist Anthropic’s fashions.
A wave of open letters circulating throughout the business argues that current occasions have heightened considerations over how frontier synthetic intelligence could possibly be utilized in warfare, surveillance and different high-risk authorities operations.
The most important strain level is now Google, with Alphabet reportedly in talks with the Pentagon about bringing its Gemini fashions into categorised environments, reviving a deeply delicate battle inside the corporate over navy work.
Greater than 100 Google workers engaged on AI reportedly signed an inside letter final week urging leaders to undertake the identical purple traces as Anthropic.
Jeff Dean, DeepMind’s chief scientist who acquired the memo, appeared to align with no less than a part of that concern, writing on X that mass surveillance violates the Fourth Modification, chills free expression, and is susceptible to political or discriminatory abuse.
Learn the total report right here.
— MacKenzie Sigalos and Jennifer Elias
U.S. closes embassies in Saudi Arabia and Kuwait
The US embassy headquarters in Riyadh is pictured on March 3, 2026, after it was hit by drone strikes earlier. Iran hit again at industrial and diplomatic targets throughout the Center East on March 3, with Washington warning its residents to evacuate all the area.
– | Afp | Getty Photographs
The U.S. closed its embassies in Saudi Arabia and Kuwait.
The X account of the U.S. Embassy in Riyadh, Saudi Arabia, cited a drone “assault on the ability” for the closure there.
“Because of ongoing regional tensions, the U.S. Embassy in Kuwait will likely be closed till additional discover,” that embassy’s X account mentioned.
“Now we have canceled all common and emergency consular appointments. We are going to talk when the embassy returns to regular operations.”
— Dan Mangan
Dow plummets 1,000 factors
The Dow Jones Industrial Common continued to sink decrease Tuesday morning, falling greater than 1,000 factors, or 2.1%, and heading for its worst buying and selling day since April 2025.
— Kevin Breuninger
U.S. Embassy in Jerusalem can not help People depart Israel after State Dept. urges departure
The U.S. Embassy in Jerusalem mentioned in a single day that it “will not be ready right now to evacuate or straight help People in departing Israel.”
The message got here hours after the U.S. State Division on Monday urged People to “DEPART NOW” from 14 nations within the Center East — together with Israel — “as a consequence of severe security dangers.”
The Jerusalem embassy’s official X account mentioned that Israel’s Tourism Ministry is operating shuttles to the Taba Border Crossing between Israel and Egypt, however that it “can not make any suggestion (for or towards)” that possibility.
“If you happen to select to avail your self of this selection to depart, the U.S. authorities can not assure your security,” the embassy mentioned.
— Kevin Breuninger
Shares plunge at market open as merchants react to Iran conflict
Journey chaos continues with greater than 18,000 cancellations since Saturday
Passengers sit ready for information about flights at Terminal 4 at London Heathrow Airport in west London on March 1, 2026, as flights are severely disrupted following the US and Israel’s strikes on Iran.
Justin Tallis | Afp | Getty Photographs
Greater than 1 million individuals are caught in journey chaos as one other 1,900 flights had been canceled out and in of the Center East on Tuesday, in line with aviation knowledge agency Cirium.
Displaced prospects and crews embrace vacationers who had been utilizing main Center East hubs like Dubai within the United Arab Emirates, one of many largest airport hubs on the planet, to get to different locations as remote as Paris and Beijing.
— Leslie Josephs
Gasoline costs see largest single-day leap in 4 years: Analyst
Gasoline costs round $5.00 a gallon at a 76 station on the nook of Seashore Boulevard and Lampson Avenue in Stanton, CA, on Monday, March 2, 2026.
Jeff Gritchen | Medianews Group | Getty Photographs
The nationwide common worth of gasoline within the U.S. rose 12 cents per gallon on Monday, marking the most important spike in 4 years, GasBuddy’s chief petroleum analyst, Patrick de Haan, mentioned on X.
GasBuddy’s live-ticking common earlier than 9 a.m. ET on Tuesday confirmed U.S. gasoline costs above $3.08 per gallon.
De Haan mentioned in one other X publish that he doesn’t at the moment foresee gasoline costs hitting $4 per gallon “anytime quickly, even primarily based on poor outcomes with the present state of affairs.”
“If pondering modifications, I will publish right here,” he added.
— Kevin Breuninger
UAE says it has the correct to defend itself
UAE’s Minister of State for Worldwide Cooperation Reem Al Hashimy arrives on the second day of the BRICS International Ministers assembly in Rio de Janeiro, Brazil, on April 29, 2025. (Picture by Pablo PORCIUNCULA / AFP) (Picture by PABLO PORCIUNCULA/AFP by way of Getty Photographs)
Pablo Porciuncula | Afp | Getty Photographs
The United Arab Emirates reaffirmed its proper to self-defense on Tuesday, stressing that any risk to Emirati sovereignty represents a risk to the broader Gulf.
Reem Al Hashimy, the nation’s minister of cooperation, mentioned in a information convention within the capital Abu Dhabi, that the Gulf Cooperation Council operates as “one system,” and that an assault on any member state endangers all the area.
All six members of the GCC, the Arab monarchies of Kuwait, Bahrain, Saudi Arabia, Qatar, Oman and the United Arab Emirates, have all come below fireplace from Iranian missiles and drones since Saturday.
Hashimy added that the UAE is not going to settle for actions that compromise its sovereignty or safety, warning that such escalations carry world penalties. Hashimy emphasised that the nation maintains the total proper to defend itself and stands firmly with GCC companions in responding to regional threats.
— Emma Graham
Ukraine’s Zelenskyy says his nation will assist the UAE shield lives
Ukraine’s President Volodymyr Zelenskyy speaks throughout a press briefing following cellphone calls with U.S. President Donald Trump, amid Russia’s assault on Ukraine, in Kyiv, Ukraine, Could 19, 2025.
Thomas Peter | Reuters
Ukraine’s president, Volodymyr Zelenskyy mentioned his nation will discover find out how to assist the United Arab Emirates shield itself from assaults by Iran.
The UAE has been considered one of a number of nations throughout the Gulf which have come below missile and drone fireplace as Iran retaliates following the U.S. and Israeli strikes which began on Saturday.
Amazon Internet Providers mentioned late Monday two of its knowledge facilities within the United Arab Emirates and a facility in Bahrain had been broken by drone strikes, taking the amenities offline.
Different amenities and infrastructure within the UAE have additionally been broken.
Zelenskyy mentioned he mentioned the state of affairs with UAE President Mohamed bin Zayed Al Nahyan.
“I expressed my condolences over the lives misplaced because of Iran’s insane strikes,” Zelenskyy mentioned in a publish on X.
“The President famous that the Iranian regime is concentrating on not solely navy amenities however just about every thing – residential buildings, purchasing malls, even mosques,” Zelenskyy mentioned.
“We mentioned how we will help on this state of affairs and help the safety of lives. It was agreed that our groups will work on this. Defending lives is a shared precedence for everybody on the planet.”
— Azhar Sukri
Israel says it has ‘dismantled’ Iranian regime’s management compound
The Israeli navy mentioned it has “dismantled” the Iranian regime’s management compound and killed the leaders there.
“This command headquarters was one of the crucial closely secured property in Iran. The compound that housed the regime’s most senior discussion board was struck by the IAF in a single day utilizing exact intelligence,” the Israel Protection Forces mentioned in a publish on X.
— Azhar Sukri
Greenback rises as world threat urge for food plummets
The U.S. greenback edged increased on Tuesday morning, constructing on good points seen the day past as buyers weighed the affect and potential period of the U.S.-Iran conflict.
Because the conflict entered its fourth day, the U.S. greenback index — which measures the dollar towards a basket of main currencies — was virtually 1% increased.
Greenback index
A broad de-dollarization development has dented the worth of the greenback over the previous 12 months, with the greenback index shedding greater than 7% during the last 12 months. Traditionally, the greenback — the world’s reserve foreign money — has been extensively considered as a steady asset.
“A market that had jumped into the ‘de-dollarisation’ development in substantial methods can get caught out shortly whenever you reintroduce a terms-of-trade shock,” strategists at Mizuho EMEA mentioned in a observe this morning.
“You begin to see a scramble for USD liquidity — not as a result of folks abruptly love the greenback, however as a result of in stress the world nonetheless settles in USD, funds in USD, hedges in USD and in the end buys vitality in USD (with the US now a net-exporter too),” they added. “We have spent the previous 12 months watching FX correlations fly out the window because of the de-dollarization narrative, nicely that is the sort of second that snaps all of it again.”
— Chloe Taylor
Putin doing his finest to defuse Center East tensions, Kremlin says
Russian President Vladimir Putin (C) enters the corridor throughout the assembly with Iranian President Masoud Pezeshkian (not pictured), October 11, 2024, in Ashgabat, Turkmenistan.
Contributor | Getty Photographs Information | Getty Photographs
Russian President Vladimir Putin is attempting to de-escalate tensions within the Center East as a lot as attainable, the Kremlin mentioned Tuesday.
“Putin will definitely make each effort to facilitate no less than a minor easing of tensions,” Putin’s press secretary, Dmitry Peskov, mentioned in feedback reported by state information company TASS.
“On this regard, we mentioned with just about all of our interlocutors yesterday that Putin will convey his deep concern concerning the strikes on their infrastructure to our colleagues in Iran, benefiting from the dialogue we keep with the Iranian management,” Peskov added.
It is the primary public remark the Kremlin has made on the U.S. and Israel’s assaults on Iran, a detailed financial and navy ally of Moscow’s, after 4 days of relentless strikes on the Islamic Republic’s management and navy websites.
Analysts advised CNBC that Iran’s strongest allies, Russia and China, had been unlikely to come back to the regime’s rescue, regardless of their “strategic partnerships.”
Learn extra right here: Why Iran mustn’t depend on allies Russia and China to come back to its help
— Holly Ellyatt
Oil costs spike
Oil costs rose additional on Tuesday, as missile strikes throughout the Center East continued and Iran reportedly closed the Strait of Hormuz, a delivery route vital to the worldwide transportation of oil and different items.
At 5 a.m. ET, world benchmark Brent crude oil futures jumped 5.4% to $81.96, touching a 1-year excessive after gaining greater than 7% on Monday.
Brent crude futures
Entrance-month West Texas Intermediate oil futures had been 5.8% increased at round $75.55, bearing on their highest costs since mid-2025.
— Chloe Taylor
Oil supertanker charges hit all-time excessive as Iran pledges to shut the Strait of Hormuz
Naval models from Iran and Russia perform to simulation of rescue a hijacked vessel throughout the joint naval drills held on the Port of Bandar Abbas close to the Strait of Hormuz in Hormozgan, Iran on February 19, 2026.
Anadolu | Anadolu | Getty Photographs
The price of hauling crude oil from the Center East to China has soared to file ranges because the U.S.-Israel conflict on Iran dramatically expands throughout the area.
The benchmark freight charge for the very giant crude carriers, or VLCCs, used to ship 2 million barrels of oil from the Center East to China climbed to $423,736 per day, knowledge from LSEG confirmed on Monday, reflecting a rise of greater than 94% from the earlier session.
The dramatic transfer comes as delivery site visitors grinds to an efficient halt within the strategically important Strait of Hormuz, amid fears of extended disruption to world commerce.
For extra, click on right here: Oil supertanker charges hit all-time excessive as Iran pledges to shut the Strait of Hormuz.
— Sam Meredith
European shares sharply decrease as Center East battle intensifies
European shares traded sharply decrease on Tuesday, because the intensifying battle within the Center East continued to weigh on world investor sentiment.
By 9:35 a.m. in London (4:35 a.m. ET), the pan-European Stoxx 600 was 2.7% decrease, extending Monday’s steep losses that noticed the index shut down 1.6%.
Stoxx 600
On Tuesday morning, shares throughout sectors had been being bought off, with financial institution shares down 3.8%, insurance coverage shares, down 4.2%, and mining shares, down 3.9%, main losses. Even the Stoxx Aerospace and Protection index, residence to the area’s largest protection primes, shed 2.5% after ending Monday’s session in optimistic territory.
— Chloe Taylor
Israeli navy deploys extra forces to southern Lebanon
Plumes of smoke rise from the websites of Israeli airstrikes on the southern suburbs of Beirut on March 3, 2026. (Picture by IBRAHIM AMRO / AFP by way of Getty Photographs)
Ibrahim Amro | Afp | Getty Photographs
Israel’s navy mentioned on Tuesday it has deployed extra forces to southern Lebanon to guard Israeli residents close to the border.
“The [Israel Defense Force] is working to create a further layer of safety for the residents of the north, by way of in depth assaults on the infrastructure of the terrorist group Hezbollah, so as to thwart threats and stop makes an attempt to infiltrate the territory of the State of Israel,” a spokesman mentioned in a press release.
Israeli Protection Minister Israel Katz mentioned he and Prime Minister Benjamin Netanyahu had licensed the navy to “advance and seize extra controlling areas in Lebanon to stop firing on Israeli border settlements.”
In a press release on X, Katz mentioned: “The [Israeli Defense Force] continues to function with power towards Hezbollah targets in Lebanon.”
— Azhar Sukri
South Korean protection shares see large surge on Iran conflict
South Korean protection shares pared good points, however nonetheless noticed large spikes on Tuesday after the nation’s markets returned from a public vacation, because the Iran conflict fueled curiosity in protection names globally.
Heavyweight Hanwha Aerospace, which is South Korea’s largest protection producer, noticed shares surge practically 25%, earlier than moderating to a few 20% acquire, whereas Korea Aerospace Industries gained greater than 12%, however minimize these to three%.
Shares in air protection methods maker LIG Nex1 soared 30%, whereas digital warfare methods producer Victek and anti-aircraft missile elements’ maker Firstec noticed shares rise about 29.3% and 18%, respectively.
— Lim Hui Jie
U.S. State Division orders evacuations of personnel from 3 extra nations
The U.S. State Division has issued evacuation orders for nonemergency U.S. authorities personnel and their relations in Bahrain, Iraq and Jordan.
This was as a consequence of “safety considerations,” with the State Division journey threat at degree 3 for each Bahrain and Jordan, and at degree 4 for Iraq, which signifies “don’t journey.”
This comes after reported retaliatory strikes on U.S. bases in Bahrain and drone assaults on resorts housing U.S. troops by Iranian-backed militia in Iraq.
— Lim Hui Jie
Supreme chief successor appointment ‘will not take lengthy’: Iran native media
FILE PHOTO: Iran’s Supreme Chief Ayatollah Ali Khamenei speaks in Tehran January 8, 2007.
Stringer Iran | Reuters
Iran’s ISNA information company reported Tuesday {that a} member of the Meeting of Specialists mentioned appointing a successor to Ayatollah Ali Khamenei “will not take lengthy.”
Beneath Iran’s structure, the supreme chief is appointed by the Meeting of Specialists, an 88-member clerical physique elected by the general public each eight years. Candidates are first vetted by the Guardian Council, which tightly controls who can run.
When the place turns into vacant, the meeting convenes to deliberate and choose a successor. The choice requires a easy majority vote.
Within the interim, a provisional three-member management council assumes the supreme chief’s duties till a substitute is formally appointed.
— Lee Ying Shan
Israel says it’s conducting ‘simultaneous focused’ strikes on Tehran and Beirut
This body seize from AFPTV video footage taken on March 3, 2026 reveals smoke rising into the air after Israeli strikes hit the outskirts of Beirut.
Kamal Mehanna | Afp | Getty Photographs
The Israeli navy mentioned it was conducting simultaneous focused strikes towards navy targets in Tehran and Beirut, the authorities mentioned in a X publish on Tuesday.
The U.S. and Israeli conflict towards Iran widened to Lebanon on Monday after the Lebanese Hezbollah militia fired missiles and drones into Israel.
— Anniek Bao
The Strait of Hormuz is going through a blockade. These nations will likely be most impacted
ANKARA, TURKIYE – FEBRUARY 28: An infographic titled “Strait of Hormuz” created in Ankara, Turkiye on February 28, 2026. (Picture by Bedirhan Demirel/Anadolu by way of Getty Photographs)
Anadolu | Anadolu | Getty Photographs
The closure of the Strait of Hormuz by Iran is sending shock waves throughout world vitality markets, with Asia anticipated to face the utmost ache.
A protracted closure of the strait would doubtless result in an extra surge in oil costs, with some analysts seeing oil crossing $100 per barrel. International benchmark Brent was final up 2.6% at round $80 per barrel —virtually 10% increased because the battle broke out.
About 20% of world liquefied pure gasoline exports that come from the Gulf are additionally in danger.
“In Asia, Thailand, India, Korea and the Philippines are probably the most susceptible to increased oil costs, as a consequence of their excessive import dependence, whereas Malaysia could be a relative beneficiary since it’s an vitality exporter,” Nomura wrote in a observe on Monday.
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— Lee Ying Shan
Trump touts ‘just about limitless’ U.S. munitions; UAE, Qatar deny weapons’ scarcity
U.S. President Donald Trump speaks throughout a Medal of Honor ceremony within the East Room of the White Home in Washington, United States, on March 02, 2026.
Kyle Mazza | Anadolu | Getty Photographs
President Donald Trump mentioned Tuesday that the U.S. has a “just about limitless provide” of munitions because the conflict with Iran escalates.
He added that the stockpiles “on the medium and higher medium grade” have by no means been increased or higher. It was not instantly clear what weapon grades Trump was referring to.
“Wars will be fought ‘eternally,’ and really efficiently, utilizing simply these provides (that are higher than different nations best arms!),” Trump mentioned in a publish on Reality Social.
He added that “A lot extra excessive grade weaponry is saved for us in outlying nations.”
Earlier, the United Arab Emirates and Qatar denied reviews that their inventories of Patriot interceptor missiles had been operating low.
The 2 nations had requested help to counter aerial threats equivalent to missiles and drones, Bloomberg reported, citing folks accustomed to the matter.
“These assertions are unfounded and misrepresent the UAE’s excessive degree of preparedness, technological sophistication, and operational readiness,” the UAE Ministry of International Affairs mentioned in a press release.
Qatar’s Worldwide Media Workplace additionally mentioned it’s “well-stocked” with Patriot interceptor missiles.
— Victor Loh
Amazon says drone strikes broken three knowledge facilities in UAE and Bahrain
Individuals stroll previous the brand of Amazon Internet Providers (AWS) at its exhibitor stall on the India Cellular Congress 2025 at Yashobhoomi, a conference and expo heart in New Delhi, India, October 8, 2025.
Anushree Fadnavis | Reuters
Amazon‘s cloud computing unit confirmed three of its knowledge facilities within the Center East had been broken by drone strikes, taking the amenities offline.
The corporate posted in an replace to its Amazon Internet Providers well being dashboard that two amenities within the United Arab Emirates had been “straight struck” by drones on Sunday, inflicting in depth harm. A web site in Bahrain was broken as a consequence of a drone strike that occurred close by.
“These strikes have prompted structural harm, disrupted energy supply to our infrastructure, and in some instances required fireplace suppression actions that resulted in extra water harm,” the corporate wrote.
AWS inspired prospects to contemplate migrating workloads to different areas because the state of affairs within the area stays “unpredictable.” It additionally mentioned anticipated a chronic restoration “given the character of the bodily harm concerned.”
— Annie Palmer
Trump says U.S. response to assault on its embassy will likely be revealed ‘quickly’
U.S. President Donald Trump advised NewsNation that particulars of Washington’s response to the assault on the U.S. Embassy in Riyadh, and for the deaths of American navy personnel within the Iran battle, could be revealed “quickly,” in line with a reporter from the outlet who shared excerpts of the interview on X on Monday.
Trump additionally mentioned that boots on the bottom will not be crucial, in line with the reporter’s publish.
Saudi Arabia’s Protection Ministry mentioned earlier that the U.S. Embassy had been hit by drones, inflicting a small fireplace and minor materials harm.
— Vinay Dwivedi
U.S. Embassy in Riyadh hit by drones, inflicting ‘restricted fireplace,’ no accidents reported
The U.S. Embassy in Saudi Arabia’s capital metropolis Riyadh was hit by two drones on Tuesday morning, in line with the Center Jap nation’s Protection Ministry.
The drone assault resulted in a “restricted fireplace and minor materials harm” to the constructing, in line with the protection authority.
The U.S. Embassy in Saudi Arabia has issued a warning for folks in Jeddah, Riyadh and Dhahran to cover in a shelter and restricted nonessential journey to any navy installations within the area.
“We advocate Americans within the Kingdom to shelter in place instantly,” the embassy mentioned in a publish on X.
— Anniek Bao






