Global economy under 'major threat' from Strait of Hormuz crisis, says IEA chief
Israel's army say intercepting missiles from Iran IRGC threatens Israeli power plants that supply electricity to US bases if Iran's attackedIran media says one dead in attack on broadcaster A strike on a broadcast station in southern Iran killed at least one person, state television reported on Monday, according to AFP. The state-run Islamic Republic of Iran Broadcasting said that a 100-kilowatt AM transmitter of the Persian Gulf Radio and Television Centre was attacked by US and Israeli forces."In this attack, which was against international laws, one of the centre's security colleagues was martyred and another person was injured," the report said.Iranian missiles over Tel Aviv overnightThese photos from Reuters show Iranian missiles over Tel Aviv and Hebron pre-dawn on March 23.Streaks of light illuminate the sky during an interception attempt amid the US-Israeli conflict with Iran, as seen from Tel Aviv, Israel, March 23, 2026Iranian missiles fly towards Israel, amid the US.-Israeli conflict with Iran, as seen from Hebron, in the Israeli-occupied West Bank, March 23, 2026Iranian missiles fly towards Israel, amid the US-Israeli conflict with Iran, as seen from Hebron, in the Israeli-occupied West Bank, March 23, 2026How much will UAE petrol prices rise?The UAE will announce petrol prices next week for the month of April 2026.Going by the rally in global oil prices in the first three weeks of March due to the regional military conflict, petrol prices in the UAE are also expected to see a big jump in April.Many countries have already increased petrol prices due to a spike in global oil prices. The Brent oil price has jumped by 54 per cent or $39.32 a barrel in three weeks, rising from $72.87 a barrel at the end of February to $112.19 a barrel at the close of markets on March 20. It hit a high of over $118 a barrel last week due to the Middle East military conflict.Global economy under 'major threat' from Strait of Hormuz crisis: IEA chiefThe global economy is under "major threat" from the energy crisis caused by the Middle East war and "no country will be immune" to its effects, International Energy Agency chief Fatih Birol has said.Birol compared the current energy crisis to those of the 1970s and the impact of the 2022 Ukraine war."This crisis as things stand is now two oil crises and one gas crash put all together," Birol said."The global economy is facing a major, major threat today, and I very much hope that this issue will be resolved as soon as possible.""No country will be immune to the effects of this crisis if it continues to go in this direction. So there is a need for global efforts."Motorists queue to fill their tanks ahead of a petrol price adjustment expected on March 23, at a petrol station in Suzhou, in China’s eastern Jiangsu province on March 22, 2026UAE-Saudi Arabia trade bridgeA trade bridge between Sharjah and Saudi Arabia is set to strengthen logistics connectivity between the two countries.The infographic below details the operational capabilities and value of the bridge.Blasts reported in Tehran as Israel says launched strikesExplosions rang out in Tehran early Monday morning, Iranian media reported, as Israel announced it launched a fresh wave of strikes. "Explosion heard in Tehran," local media Mehr posted on Telegram, while Fars news agency said airstrikes had targeted five areas of the Iranian capital and that "terrible sounds of explosions have been reported"."More details on the extent of damage and possible casualties will be announced later," Fars posted.In its own statement, Israel's military announced it had "begun a wide-scale wave of strikes targeting Iranian terror regime infrastructure in Tehran".What has happened so far?The war started with US-Israeli strikes on Iran on February 28. In what it says are retaliatory strikes, Iran has been targeting the GCC and other countries in the region with missiles and drones.Here is how the conflict has unfolded so far, day by day:Day 1Day 2Day 3Day 4Day 5Day 6Day 7Day 8Day 9Day 10Day 11Day 12Day 13Day 14Day 15Day 16Day 17Day 18Day 19Day 20Day 21Day 22Day 23UAE, Saudi Arabia deal with drone threats as Iran war continuesDay 24 of the US-Israel-Iran war started with a fresh wave of Iranian attacks on GCC countries UAE and Saudi Arabia. A successful interception of a ballistic missile in the early hours of Monday morning caused falling debris, which caused a minor injury. As the morning progressed, UAE announced that air defence forces were dealing with incoming missile and drone threats from Iran, and that residents should stick to the safety instructions issued.Saudi Arabia's Ministry of Defence said that it had successfully intercepted and destroyed in the Eastern Region. Earlier, two ballistic missiles were detected heading towards Riyadh. One was intercepted and the other fell in an uninhabited area.
Israel's army say intercepting missiles from Iran
IRGC threatens Israeli power plants that supply electricity to US bases if Iran's attacked
Iran media says one dead in attack on broadcaster
A strike on a broadcast station in southern Iran killed at least one person, state television reported on Monday, according to AFP.
The state-run Islamic Republic of Iran Broadcasting said that a 100-kilowatt AM transmitter of the Persian Gulf Radio and Television Centre was attacked by US and Israeli forces.
"In this attack, which was against international laws, one of the centre's security colleagues was martyred and another person was injured," the report said.
Iranian missiles over Tel Aviv overnight
These photos from Reuters show Iranian missiles over Tel Aviv and Hebron pre-dawn on March 23. Streaks of light illuminate the sky during an interception attempt amid the US-Israeli conflict with Iran, as seen from Tel Aviv, Israel, March 23, 2026 Iranian missiles fly towards Israel, amid the US.-Israeli conflict with Iran, as seen from Hebron, in the Israeli-occupied West Bank, March 23, 2026 Iranian missiles fly towards Israel, amid the US-Israeli conflict with Iran, as seen from Hebron, in the Israeli-occupied West Bank, March 23, 2026
How much will UAE petrol prices rise?
The UAE will announce petrol prices next week for the month of April 2026.
Going by the rally in global oil prices in the first three weeks of March due to the regional military conflict, petrol prices in the UAE are also expected to see a big jump in April.
Many countries have already increased petrol prices due to a spike in global oil prices.
The Brent oil price has jumped by 54 per cent or $39.32 a barrel in three weeks, rising from $72.87 a barrel at the end of February to $112.19 a barrel at the close of markets on March 20. It hit a high of over $118 a barrel last week due to the Middle East military conflict.
Global economy under 'major threat' from Strait of Hormuz crisis: IEA chief
The global economy is under "major threat" from the energy crisis caused by the Middle East war and "no country will be immune" to its effects, International Energy Agency chief Fatih Birol has said.
Birol compared the current energy crisis to those of the 1970s and the impact of the 2022 Ukraine war.
"This crisis as things stand is now two oil crises and one gas crash put all together," Birol said.
"The global economy is facing a major, major threat today, and I very much hope that this issue will be resolved as soon as possible."
"No country will be immune to the effects of this crisis if it continues to go in this direction. So there is a need for global efforts." Motorists queue to fill their tanks ahead of a petrol price adjustment expected on March 23, at a petrol station in Suzhou, in China’s eastern Jiangsu province on March 22, 2026
UAE-Saudi Arabia trade bridge
A trade bridge between Sharjah and Saudi Arabia is set to strengthen logistics connectivity between the two countries.
The infographic below details the operational capabilities and value of the bridge.
Blasts reported in Tehran as Israel says launched strikes
Explosions rang out in Tehran early Monday morning, Iranian media reported, as Israel announced it launched a fresh wave of strikes.
"Explosion heard in Tehran," local media Mehr posted on Telegram, while Fars news agency said airstrikes had targeted five areas of the Iranian capital and that "terrible sounds of explosions have been reported".
"More details on the extent of damage and possible casualties will be announced later," Fars posted.
In its own statement, Israel's military announced it had "begun a wide-scale wave of strikes targeting Iranian terror regime infrastructure in Tehran".
What has happened so far?
The war started with US-Israeli strikes on Iran on February 28. In what it says are retaliatory strikes, Iran has been targeting the GCC and other countries in the region with missiles and drones.
Here is how the conflict has unfolded so far, day by day:
UAE, Saudi Arabia deal with drone threats as Iran war continues
Day 24 of the US-Israel-Iran war started with a fresh wave of Iranian attacks on GCC countries UAE and Saudi Arabia.
A successful interception of a ballistic missile in the early hours of Monday morning caused falling debris, which caused a minor injury. As the morning progressed, UAE announced that air defence forces were dealing with incoming missile and drone threats from Iran, and that residents should stick to the safety instructions issued.
Saudi Arabia's Ministry of Defence said that it had successfully intercepted and destroyed in the Eastern Region. Earlier, two ballistic missiles were detected heading towards Riyadh. One was intercepted and the other fell in an uninhabited area.
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