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Tech companies have funnelled billions of dollars into Middle East AI projects — the Iran war means questions will be asked about future investments
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The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.
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The conflict is reshaping travel patterns, energy dependencies, living costs, trade routes and diplomatic alliances.
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Oil prices moved higher on Wednesday as markets continue to watch developments in the U.S.-Iran war.
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Officials say Mojtaba Khamenei's legs were hurt, but the circumstances as well as the extent of his injuries were unclear. He has remained out of view since being announced as leader three days ago.
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The group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began
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Attacks and counterattacks continued throughout the Middle East Wednesday. Two cargo ships were struck in the Gulf, as some lawmakers in Washington pressed for answers on the war's rationale.
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Three vessels were hit on Wednesday, according to a British maritime agency. The Strait of Hormuz is all but closed as war in the Middle East expands.
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US President Donald Trump has said Iran are "welcome" to take part in this summer's World Cup despite the countries being at war, according to Fifa president Gianni Infantino.
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Six Palestinians have been killed during attacks by settlers in the West Bank since the start of Israel's war, the UN says.
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U.S. Treasury yields moved higher on Wednesday as assessed February's inflation report and monitored developments on the US-Iran war front.
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Overall prices cooled in recent months but remain above the Fed's target.
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Germany and Austria say they are releasing parts of their oil reserves following an International Energy Agency request for its members to release 400 million barrels to help temper energy price spikes due to the Iran war
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Strong winds are likely across many parts of the UK on Thursday before turning colder with some wintry showers at the end of the week, as Simon King explains.
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Trump's Iran war will affect more than just gas prices.
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Canadian police opened an investigation into two men who shot "multiple rounds" toward the outside of the building. There are no reports of injuries, police say.
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Iranian airstrikes have shaken Persian Gulf countries, undermining their reputations as havens of wealth and stability and forcing them to take sides in a war they opposed.
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The United States and Israel pounded Iran on Tuesday with what the Pentagon and Iranians on the ground called the most intense airstrikes of the war.
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Defense Secretary Pete Hegseth says Tuesday marks the most intense U.S. bombing yet in the Iran war. The 11 days of fighting have spooked oil markets, and the Strait of Hormuz is effectively closed.
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The attack on Iran has led to a surge in energy prices at a moment when the cost of living is a major issue heading into the fall elections.
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