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Iran War

Global military spending hits $2.9 trillion amid rising world tensions

Global military spending climbed to nearly $2.9 trillion in 2025, marking an 11th straight year of growth as rising insecurity and rearmament boosted defence budgets, researchers said on Monday.

27 Apr 2026-16:54
Europe pays €27B more for energy amid Iran war

Europe has been forced to pay an additional €27 billion ($32 billion) for oil and gas imports since the outbreak of the United States and Israel’s war against Iran, European Commission President Ursula von der Leyen said on Monday.

27 Apr 2026-14:16
Iran submits new Hormuz proposal to US

27 Apr 2026-12:31
Airfare warning: Spain urges travelers to book flights early

Spain is urging travelers to book airline tickets sooner rather than later, warning that rising fuel costs driven by the Iran conflict could push airfares higher in the coming months.

27 Apr 2026-12:30
Mixed opening for European markets as oil climbs on stalled US-Iran negotiations

European shares were mixed and oil rose at the open on Monday as talks between the US and Iran continued to stall.

27 Apr 2026-11:40
ECB likely to hold rates amid Iran war inflation risks

27 Apr 2026-10:59
Iran says it will reverse engineer US missiles found in Hormozgan

Iranian authorities say more than 15 heavy US-made missiles discovered in the southern province of Hormozgan will be transferred to technical units for reverse engineering following recent US-Israeli strikes on the country.

27 Apr 2026-10:35
Iranian FM praises Oman ties, stresses Hormuz security, regional cooperation

Iranian Foreign Minister Seyed Abbas Araghchi has praised Oman’s warm hospitality and reaffirmed the Islamic Republic’s commitment to regional cooperation, safe navigation in the Strait of Hormuz, and prioritising relations with neighbouring countries.

27 Apr 2026-10:05
Bank of England holds rates as Iran war clouds outlook

The Bank of England is widely expected to keep interest rates unchanged this week as policymakers assess the economic fallout from the ongoing Iran war and rising energy costs.

27 Apr 2026-09:32
US Navy has diverted 37 ships amid ongoing blockade of Iran, Pentagon reports

Since the start of the naval blockade of Iran on April 13, US servicemen have diverted 37 ships attempting to depart from or arrive at Iranian ports.

26 Apr 2026-17:45

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