The latest news, analysis and opinion on the developing conflict in the Middle East.
John Phelan ousted after clashing with defence secretary Pete Hegseth
President said he was no longer sending Steve Witkoff and Jared Kushner to Pakistan
Donald Trump’s secretary of state and national security adviser has taken a back seat during the Iran war crisis
Production bottlenecks and uncertainty over US munitions funding weigh on stock prices for weapons makers
Authorities are reopening travel hubs after Tehran suspended air traffic because of US-Israeli strikes
The US stands to benefit as war in Iran reshapes oil and gas flows, but Europe and Asia are wary of becoming too reliant on American supply
Intel surges above dotcom-era high in latest milestone for tech-powered rebound
Schrodinger’s Strait
Washington delegation wants to ‘hear Iranians out’ but Tehran says ‘no meeting is planned’ with US officials
An uneasy ceasefire cannot be the long-term solution in the Gulf
Some employers will cover costs of returning to Gulf for lawyers who relocated after outbreak of Iran war
US consumer goods group says it may raise prices as conflict drives up costs of fuel and packaging
President says American navy will ‘shoot and kill’ any boat laying mines in Strait of Hormuz
Dallas Fed survey finds that energy executives are not confident high prices will hold
Higher energy prices stoked by conflict have resulted in higher borrowing costs for government
LVMH’s billionaire boss says luxury group’s recovery hinges on the conflict being resolved quickly
Also in today’s newsletter, which countries are the US considering extending financial lifelines to?
Retailers flag weak outlook as consumers rein in spending
Also in this newsletter: Paring back permitting
How trading houses Vitol, Trafigura and Mercuria have managed to get some of their vessels out of the Gulf
Deal brokered by Donald Trump to pause Israel’s offensive highlights Lebanon’s weakness
Conflict has hit fertiliser costs in an agricultural sector already reeling from Trump’s trade war
Asian buyers seeking western crude push bids five times greater than pre-conflict levels
Oil rises back above $100 a barrel following incidents in waters close to Iran
Request to Fifa is pitched as effort to repair US ties with country even as Iran says it is ready to participate
