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South Korean defense firm LIG Nex1 has rebranded as LIG Defense & Aerospace (LIG D&A) following shareholder approval, signaling a push into global markets. The company also opened its first overseas subsidiary in the United States, appointing a retired U.S. Navy vice admiral as senior adviser to bolster partnerships.
US Secretary of State Marco Rubio said Washington will reassess its NATO relationship once the Iran conflict ends, citing allies denying base access. President Trump said the US could leave Iran within two to three weeks. NATO says 22 countries are working to reopen the Strait of Hormuz.
Yemen's Houthi rebels have threatened to block the Bab el-Mandeb Strait, potentially driving oil prices to $200 per barrel, as tensions escalate between the US and Iran. The US has announced a ceasefire and a naval blockade of Iranian ports, while the Houthis have launched missiles at Israel.
Iran has officially confirmed the death of Rear Admiral Alireza Tangsiri, commander of the Islamic Revolutionary Guard Corps (IRGC) Navy, following Israeli claims of responsibility for his killing. The confirmation came as thousands gathered for his funeral in Bandar Abbas, while unverified reports from Russian state media describe ongoing military exchanges between Iran and US-Israeli forces.
Oil prices soared above $116 a barrel following President Trump's comments about seizing Iranian oil and his threat to 'take out' Iran in one night. The escalation has rattled global markets, with Asian stocks tumbling and fears of sustained supply disruptions. Analysts and IMF officials warn of higher inflation and slower global growth as the conflict continues.
Australian Prime Minister Anthony Albanese has called for clarity from US President Donald Trump on the aims of the ongoing war in West Asia, saying the original objectives appear to have been met. He urged de-escalation as the conflict continues to impact the global economy, while Australia maintains its non-participant stance and supports diplomatic efforts.
Prime Minister Anthony Albanese has asked the United States to clarify its objectives in the war with Iran, marking a shift from initial Australian enthusiasm. With fuel prices rising and the Strait of Hormuz closed, both major parties in Australia are urging de-escalation.
Yemen's Houthi rebels have launched missiles toward Israel, marking a significant escalation in the ongoing US-Israel-Iran conflict. Analysts warn of potential disruption to global shipping routes and broader regional involvement.
Ukrainian President Volodymyr Zelensky visited Jordan as part of a Middle East tour, signing defence agreements with Gulf states and confirming Ukraine's role in downing Iranian drones. The visit highlights Ukraine's growing security cooperation in the region, with anti-drone experts deployed to several countries.
Washington has reportedly accelerated military deployments to the Middle East, with options including a potential ground operation, even as US and Iranian officials prepare for talks in Pakistan mediated by Islamabad. While the Pentagon has not confirmed specifics, multiple sources indicate a dual-track approach of pressure and diplomacy.
Pakistan International Airlines has warned it could be forced to shut down if jet fuel prices remain high, with rates surging nearly 150% in recent weeks amid global supply chain uncertainty. The carrier has responded by ending all passenger discounts, restricting UAE flights to 16 per week, and suspending services to several Gulf countries and other destinations until the end of April.
US military is preparing options for potential ground operations in Iran, including raids by special operations forces, as thousands of troops and naval assets arrive in the Middle East. The White House has not made a final decision, and analysts warn of escalation risks.
Official Iranian media report at least eight civilians, including four women, were killed in a strike on residential areas of Borujerd, attributed to the US and Israel. Reports also describe widespread strikes on Iranian cities and retaliatory attacks by the Islamic Revolutionary Guard Corps on targets in Israel and US bases in the region.
Iran’s Atomic Energy Organization reports that Israel and the US have struck the Bushehr nuclear power plant area for a third time since late February, with a security guard killed in the latest incident. The IAEA warns that attacks on nuclear sites are unacceptable and could trigger a severe radiological accident, while the EU condemns strikes on civilian infrastructure as illegal. The plant continues operating, but experts warn of catastrophic consequences for the Gulf region.
Multiple reports suggest US Vice President JD Vance may take a lead role in negotiations with Iran, potentially replacing special envoy Steve Witkoff. The reports come amid ongoing military conflict and diplomatic efforts, with Trump setting deadlines for a deal.
Russia has firmly denied providing intelligence support to Iran amid EU accusations, while confirming close military-technical ties. The denial comes as regional tensions escalate following US-Israeli operations against Iran.
As the US-Israel conflict with Iran nears its one-month mark, US intelligence assessments indicate that only about a third of Iran's missile arsenal has been confirmed destroyed, with another third likely damaged or buried. The findings contradict President Trump's public remarks, and outlets report that significant Iranian capabilities remain operational, including missile launchers and cruise missiles.
On the 28th day of the US-Israel campaign against Iran, Washington extended a pause on strikes against Iranian energy infrastructure until April 6, a move Tehran dismissed as psychological signalling. Reports indicate continued high-intensity conflict, with Iranian missile barrages and Hezbollah strikes on Israeli territory, while US and Israeli forces keep targeting Iranian infrastructure. Analysts see growing domestic political pressures in both the US and Israel that may shape the conflict's trajectory.
As tensions escalate between Iran and Israel, President Trump has extended his deadline for Iran to reopen the Strait of Hormuz to April 6. Iran rejects a proposed 45-day ceasefire, insisting on a permanent end to the war, while the UN warns against targeting civilian infrastructure. The conflict continues with new strikes, casualties, and a Thai ship incident in the strait.
President Trump has reportedly told aides he wants to conclude the conflict with Iran in the coming weeks, according to The Wall Street Journal, with a planned visit to China in mid-May hinging on the war's end. Bloomberg reports the war has strained alliances and depleted US military stockpiles, even as Iran's Supreme Leader was killed in the initial strikes.