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Oil stays above $100 a barrel amid Iran’s stranglehold on Strait of Hormuz | US-Israel war on Iran News

Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.

Oil prices have again risen above $100 per barrel as energy markets see little relief amid the biggest disruption to global energy supplies in a generation.

Brent crude, the international benchmark, surged more than 9 percent on Thursday as traders weighed the prospect of weeks, or even months, of turmoil in energy markets as the United States and Israel wage war on Iran.

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Brent futures, which are traded outside of regular market hours, were priced at $101.13 as of 03:00 GMT.

Asian stock markets, including exchanges in Tokyo, Seoul and Hong Kong, opened sharply lower on Friday, following steep losses on Wall Street overnight.

The latest surge in oil prices came after Iran’s Supreme Leader Mojtaba Khamenei pledged to maintain the effective closure of the Strait of Hormuz, which normally transports about one-fifth of global oil supplies.

In a statement read out on his behalf on Iranian state television, Khamenei described Tehran’s threats against shipping in the waterway as a “lever” that “must continue to be used”.

US President Donald Trump struck a similarly defiant tone on Thursday, posting on Truth Social that stopping Iran from getting nuclear weapons was of “far greater interest and importance” than rising oil prices.

‘Lack of tangible goals in this war’

Traffic through the strait has effectively ground to a halt due to Iranian threats, with only a handful of vessels passing through each day, many of them claiming links to China, Iran’s key economic partner.

According to the United Kingdom Maritime Trade Operations (UKMTO) centre, no more than five ships have passed through the waterway each day since the US and Israel launched joint strikes on Iran on February 28, compared with an average of 138 daily transits before the war. At least 16 commercial vessels have been attacked in the region since the start of the conflict, according to the UKMTO.

Tehran has claimed responsibility for several of the attacks, including a strike on Wednesday that crippled a Thai-flagged vessel off the coast of Oman.

Efforts to bring calm to the market have so far done little to tame prices, which are up nearly 40 percent compared with before the start of the war.

The International Energy Agency’s (IEA) announcement on Wednesday that member countries would release 400 million barrels of oil from emergency stockpiles drew a tepid response among traders eyeing a daily shortfall in global supplies estimated at 15-20 million barrels.

The US Department of the Treasury’s issuance on Thursday of a temporary licence authorising countries to purchase sanctioned Russian oil that has been stranded at sea also failed to move the market, with Brent crude staying above $100 a barrel after the Treasury announcement.

“The key problem is a lack of tangible goals in this war,” said Adi Imsirovic, an energy security expert at the University of Oxford.

“It makes it hard for oil traders to see the light at the end of the tunnel,” he said.

Trump has repeatedly floated the possibility of using the US Navy to escort commercial shipping through the strait, but the Pentagon has yet to conduct such operations amid concerns about the risks posed by Iranian attacks in the narrow waterway.

In an interview with CNBC on Thursday, US Energy Secretary Chris Wright said that Washington was “not ready” to provide navy escorts but that such operations could begin by the end of the month.

“It’ll happen relatively soon but it can’t happen now,” Wright said.

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Who wins and loses in the global energy crisis? | Business and Economy

As oil prices surge, some economies benefit while others face rising costs.

The war in the Middle East is exposing how dependent the world is on a handful of strategic chokepoints.

The Strait of Hormuz – a narrow waterway in the Gulf – is closed.

The longer this goes on, the faster the global energy map could be reshaped.

From Europe to Asia, countries are facing mounting supply risks and the threat of an inflation shock.

If the conflict between the US, Israel and Iran drags on, alternatives will be hard to find.

But, Russia is shaping up to be a major beneficiary, with soaring prices filling Moscow’s coffers despite Western sanctions.

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Major airline to cancel 600 flights across Europe this week

HUNDREDS of flights across Europe are being cancelled due to a two-day airline strike and thousands of Brits will be affected.

Lufthansa pilots are walking out today for a 48-hour period, over a dispute in regard to pay and pensions.

Hundreds of Lufthansa flights have been cancelledCredit: Reuters
Cancellations are expected until the end of tomorrowCredit: Reuters

The airline has since been forced to cancel a huge part of the flight schedule until the strike ends on Saturday.

Around 50 per cent of all Lufthansa flight will be cancelled, which includes 40 per cent of long-haul flights..

This works out to around 300 flights a day, so 600 flights in total, according to Andreas Pinheiro, the head of the union.

Munich and Frankfurt have been hit with the most cancellations.

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Full list of cancelled flights across UK today after Storm Goretti closes airports


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Major airlines STILL cancelling flights across Middle East with thousands stranded

A number of UK flights are included in this today, such as:

  • 10:05am from London Heathrow to Frankfurt
  • 11:05am from London Heathrow to Frankfurt
  • 12:05pm from London Heathrow to Frankfurt
  • 12:10pm from Manchester to Frankfurt
  • 1:05pm from London Heathrow to Frankfurt
  • 3:40pm from Edinburgh to Frankfurt
  • 3:45pm from Manchester to Frankfurt
  • 4pm from Birmingham to Frankfurt
  • 4:05pm from London Heathrow to Frankfurt
  • 6:05pm from London Heathrow to Frankfurt
  • 8:05pm from London Heathrow to Frankfurt

A similar number are cancelled tomorrow as well, meaning thousands are affected travelling from the UK.

A statement from Lufthansa reads: “Lufthansa is working intensively to keep the impact on our passengers as low as possible and has published a special flight schedule for both strike days.

“According to this schedule, more than 50 percent of the originally planned flight program can be operated on Thursday and Friday.

“For long-haul connections, the share is as high as 60 percent.”

Passengers affected can request a refund or move their flight date for free up until March 23.

The cancellations are far fewer than the previous strike which saw up to 800 flights cancelled.

Back in February, the airline was forced to cancel 90 per cent of it’s planned flights, affecting 200,000 passengers.

Flights to the Middle East have have been excluded from the current strike action, due to the Iran conflict.

But the continued attacks across the Middle East are continuing to cause huge travel disruption.

More than 32,000 flights have been cancelled across the Middle East in the past three weeks due to the ongoing crisis, according to experts.

Our Travel Expert has answered all of your questions about any upcoming holiday.

Thousands of Brits will be affected tooCredit: EPA

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UK court rejects bid to reinstate ‘terrorism’ charge against Kneecap rapper | Courts News

Irish rapper Liam O’Hanna welcomes ruling in case he says was ‘never about any threat to the public, never about terrorism’.

British prosecutors have lost an appeal seeking to reinstate a “terrorism” charge against a member of Irish rap group Kneecap accused of waving a Hezbollah flag during a gig in London.

London’s High Court on Wednesday rejected prosecutors’ attempts to challenge a lower court’s decision to throw out the case against Liam O’Hanna in September due to a technical error.

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The decision means the case will not proceed. In a statement, the Crown Prosecution Service said the High Court had “clarified how the law applies” to such cases and that it accepted “the judgement and will update our processes accordingly”.

O’Hanna – also known as Liam Og O hAnnaid (his name in Gaeilge, the Irish language) and by the stage name Mo Chara (“My Friend”) – was charged in May of last year with displaying a Hezbollah flag during a November 2024 concert in London, in violation of the United Kingdom’s 2000 Terrorism Act.

Kneecap’s members –  who rap in Gaeilge and English and have been outspoken in their condemnation of Israel’s genocide against Palestinians in the Gaza Strip – have called the attempted prosecution a “British state witch-hunt”.

BELFAST, NORTHERN IRELAND - MARCH 11: Liam Óg Ó hAnnaidh, aka Mo Chara, of the band Kneecap speaks during a press conference following a High Court ruling which upheld the decision to drop the terrorism case against him on March 11, 2026 in Belfast, Northern Ireland. Irish language hip-hop group Kneecap called on supporters to attend the press conference in Belfast on Wednesday as the High Court in London ruled on the Crown Prosecution Service's (CPS) appeal on an earlier decision to throw out terror charges against rapper Liam Óg Ó hAnnaidh. Ó hAnnaidh, who performs with Kneecap under the stage name Mo Chara, was charged with a terror offence after allegedly displaying a flag in support of Hezbollah at a gig at the O2 Forum in Kentish Town in November 2024. The charge was dropped on a technicality in September 2025, which the CPS has appealed. (Photo by Charles McQuillan/Getty Images)
Liam O’Hanna (Liam Og O hAnnaid) welcomed the ruling during a news conference in Belfast, Northern Ireland [Charles McQuillan/Getty Images]

O’Hanna welcomed the ruling on Wednesday, saying during a news conference in Belfast that the case was “never about me, never about any threat to the public and never about terrorism”.

“It was always about Palestine, about what happens if you dare to speak up, about what happens if you can reach large groups of people and expose their hypocrisy, about the lengths Britain will go to cover up Israeli and US war crimes,” he said.

Cheered by supporters at the event, O’Hanna was joined by Kneecap bandmates JJ O Dochartaigh and Naoise O Caireallain – better known by their respective stage names, DJ Provai and Moglai Bap.

“Your own High Court ruled against you,” O’Hanna added, addressing the UK government.

“The pathetic thing about this whole process is that you falsely tried to label me a terrorist when it is the British government ministers that are arming and assisting a genocide in Gaza, the destruction of Lebanon, and the senseless slaughter of schoolkids in Iran.”

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Not ‘a litre of oil’ to pass Strait of Hormuz, expect $200 price tag: Iran | US-Israel war on Iran News

Warning comes as 400 million barrels of oil are being released from global reserves during waterway’s closure.

Iran’s Islamic Revolutionary Guard Corps (IRGC) says it will not allow “a litre of oil” through the Strait of Hormuz as the closure of the key Gulf waterway continues to roil global energy markets during the US-Israeli war on Iran.

A spokesperson for the IRGC’s Khatam al-Anbiya Headquarters said on Wednesday that any vessel linked to the United States and Israel or their allies “will be considered a legitimate target”.

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“You will not be able to artificially lower the price of oil. Expect oil at $200 per barrel,” the spokesperson said in a statement. “The price of oil depends on regional security, and you are the main source of insecurity in the region.”

Global oil prices have fluctuated wildly this week during continued US-Israeli attacks against Iran, which has retaliated by firing missiles and drones at targets across the wider Middle East.

The closure of the Strait of Hormuz, through which about one-fifth of the world’s oil supplies transit, and production slowdowns in some Gulf countries have raised concerns of further disruptions.

Concerns around the duration of the war, which began on February 28 and has shown no sign of abating, are also adding to uncertainty, sending oil prices soaring.

On Wednesday, three ships were hit by projectiles in the Strait of Hormuz, maritime security and risk firms said, including a Thai-flagged cargo vessel that came under attack about 11 nautical miles (18km) north of Oman.

Release of oil reserves

World leaders, including members of the Group of Seven (G7) and the European Union, have been mulling what action to take in response to the war’s impact on global economies.

Christian Bueger, a professor of international relations at the University of Copenhagen and an expert in maritime security, said Europe will be facing “a major energy supply crisis” if the Strait of Hormuz is not reopened.

“For the shipping industry right now, it’s impossible to go through the Strait of Hormuz,” Bueger told Al Jazeera. “And if there are not stronger signals in the near future that they can at least try to go through the strait, then we are looking at a major shipping crisis, which can last weeks if not months.”

On Wednesday, the International Energy Agency (IEA) announced that its 32 member countries had unanimously agreed to release 400 million barrels of oil from their emergency reserves to try to lower prices.

“This is a major action aiming to alleviate the immediate impacts of the disruption in markets,” IEA Executive Director Fatih Birol said during an address from the agency’s headquarters in Paris.

“But to be clear, the most important thing for a return to stable flows of oil and gas is the resumption of transit through the Strait of Hormuz,” he added.

The reserve supplies will be made available “over a timeframe that is appropriate” for each member state, the IEA said in a statement without providing details.

German Economy and Energy Minister Katherina Reiche said earlier in the day that the country would comply with the release while Austria also said it would make part of its emergency oil reserve available and extend its national strategic gas reserve.

Meanwhile, Japan’s Ministry of Economy, Trade and Industry said it would release about 80 million barrels from its private and national oil reserves.

Japanese Prime Minister Sanae Takaichi said the country, which gets about 70 percent of its oil imports through the Strait of Hormuz, would begin releasing the reserves on Monday.

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Which countries have seen the highest petrol prices since the Iran war? | US-Israel war on Iran News

Motorists around the globe are already feeling the impact of the United States and Israel’s war on Iran, with fuel prices sharply rising since the war began.

In the US, a gallon of regular petrol that averaged $2.94 in February now costs $3.58, marking a 20 percent increase, according to data from AAA Fuel Prices, a retail fuel price tracker from the American Automobile Association (AAA).

While each US state sets its own petrol prices, several states have surpassed $4 per gallon, with California exceeding $5 per gallon, the highest level it has been in more than two years.

Which countries have the sharpest petrol price increases?

According to data analysed from Global Petrol Prices, a data platform that tracks and publishes retail energy prices across approximately 150 countries, at least 85 countries have reported increases in petrol prices following the initial attacks on Iran by the US and Israel on February 28. Some nations announce price changes only at the end of each month, so higher prices are expected for many others in April.

Vietnam recorded the highest petrol price increase of nearly 50 percent, rising from $0.75 per litre of 95-octane on February 23 to $1.13 on March 9. Laos follows with a 33 percent increase, then Cambodia at 19 percent, Australia at 18 percent, and the US at 17 percent.

The table below shows the countries that have increased petrol prices at the pumps.

Asian countries pay the biggest price

Asia is disproportionately dependent on the Strait of Hormuz for the delivery of its oil and gas, which has been effectively closed since the start of the war. The strait joins the Gulf – also referred to as the Persian Gulf and the Arabian Gulf – to the Gulf of Oman and is the only passage for the region’s oil producers to the open ocean.

INTERACTIVE - Strait of Hormuz - March 2, 2026-1772714221

Japan and South Korea are among the most vulnerable, importing 95 percent and 70 percent of their oil from the Gulf, respectively.

Both East Asian nations have enacted emergency measures to stabilise their energy markets. On March 8, Japan instructed its oil reserve sites to prepare for a potential release of strategic reserves. The next day, South Korea introduced a maximum price cap on petrol and diesel for the first time in 30 years.

In South Asia, the impact of the war is more severe than in East Asia because countries like Pakistan and Bangladesh have much thinner financial buffers and smaller strategic reserves.

In an attempt to conserve energy, Bangladesh‘s government has ordered all public and private universities to close immediately. In Pakistan, government offices will now operate a four-day workweek, while schools have closed, and a 50 percent work-from-home policy has been enacted to save fuel.

In Europe, the Group of Seven finance ministers convened an emergency meeting to discuss rising prices, with French President Emmanuel Macron raising the possibility of releasing 20-30 percent of emergency strategic reserves to ease the pressure on consumers.

How high oil costs drive up the price of food

Oil prices and food prices move in lockstep, with energy prices affecting every stage of the food supply chain, from the fertilisers used in the fields to the trucks that carry food from field to supermarket shelf.

Rising oil prices also directly affect shipping and the cost of transport.

“The lifeblood of the global economy is transport,” economist David McWilliams told Al Jazeera. “It’s getting stuff from A to B – it’s a logistics problem, a supply chain problem, and ultimately transportation is the energy of the global economy.”

Fears of stagflation – increasing inflation and rising unemployment, which major oil shocks have historically summoned – are rising. Economists point to the crises of 1973, 1978 and 2008 as evidence that every significant spike in oil prices has been followed, in some form, by global recession.

In lower-income countries, where populations spend a far greater share of their income on food and import large quantities of grain and fertiliser, rising oil prices could rapidly translate into food shortages.

Interactive_Cost_OilPrices_Food-1773140062

What products are made from oil and gas?

Oil and gas are used for far more than just fuel. They are raw materials for thousands of everyday products.

Plastics, including water bottles, food packaging, phone casings and medical syringes, are all derived from crude oil.

Crude oil is also the hidden ingredient in synthetic fabrics such as polyester, nylon and acrylic, which are used to make everything from sportswear to carpets. It also underpins the cosmetics industry, as it is used to make products such as petroleum jelly (Vaseline), lipsticks and concealers.

Household items also rely on oil-based ingredients, with laundry detergents, dishwashing liquids, and paints all derived from petroleum products.

The global food supply is essentially built on natural gas in the form of fertilisers, used to enhance crop yields and ensure that food production can meet demand.

INTERACTIVE-CRUDE OIL-USED-MARCH 9-2026-1773138980

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Disneyland Resort President Thomas Mazloum named parks chief

Disneyland Resort President Thomas Mazloum has been named chairman of Walt Disney Co.’s experiences division, the company said Tuesday.

Mazloum succeeds soon-to-be Disney Chief Executive Josh D’Amaro as the head of the Mouse House’s vital parks portfolio, which has become the economic engine for the Burbank media and entertainment giant. His purview includes Disney’s theme parks, famed Imagineering division, merchandise, cruise line, as well as the Aulani Resort and Spa in Hawaii.

Jill Estorino will become the head of Disneyland Resort in Anaheim. She previously served as president and managing director of Disney Parks International and oversaw the company’s theme parks and resorts in Europe and Asia.

Estorino and Mazloum will assume their new roles on March 18, the same day as D’Amaro and incoming Disney President and Chief Creative Officer Dana Walden.

“Thomas Mazloum is an exceptional leader with a genuine appreciation for our cast members and a proven track record of delivering growth,” D’Amaro said in a statement. “His focus on service excellence, broad international leadership and strong connection to the creativity that brings our stories to life make him the right leader to guide Disney Experiences into its next chapter.”

Mazloum had been about a year into his tenure at Disneyland. Prior to that, he was head of Disney Signature Experiences, which includes the cruise line. He was trained in hospitality in Europe.

In his time at Disneyland, Mazloum oversaw the park’s 70th anniversary celebration and recently pledged to eliminate time limitations for park-hopping, which are designed to manage foot traffic at Disneyland and California Adventure.

Mazloum will now oversee a 10-year, $60-billion investment plan for Disney’s overall experiences business, which includes new themed lands in Disneyland Resort and Walt Disney World. At Disneyland, that expansion could result in at least $1.9 billion of development.

The size of that investment indicates how important the parks are to Disney’s bottom line. Last year, the experiences business brought in nearly 57% of the company’s operating income. Maintaining that momentum, as well as fending off competitors such as Universal Studios, is key to Disney’s continued growth.

In his new role, Mazloum will have to keep an eye on “international visitation headwinds” at its U.S.-based parks, which the company has said will likely factor into its earnings for the fiscal second quarter. At Disneyland Resort, that dip was mitigated by the park’s high percentage of California-based visitors.

Times staff writer Todd Martens contributed to this report.

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Late Yamal penalty earns Barcelona draw at Newcastle in Champions League | Football News

Barcelona needed Lamine Yamal’s penalty with the last kick of the game to cancel out Harvey Barnes’s opener.

Barcelona’s Lamine Yamal struck ⁠from the ⁠penalty spot with the final kick of the game to salvage ⁠a 1-1 draw with Newcastle United in the first leg of their ⁠Champions League last-16 tie, cancelling out a late strike from Harvey Barnes.

Newcastle appeared set to take a ‌slender advantage into the second leg after Barnes scored in the 86th minute, when he volleyed home Jacob Murphy’s cross on Tuesday.

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But elation for the home fans turned to heartbreak when Malick ⁠Thiaw brought Dani Olmo ⁠down in the box in the fourth minute of stoppage time, and Yamal fired the penalty into ⁠the bottom corner as Aaron Ramsdale dove the ⁠wrong way.

Newcastle’s Joelinton thought ⁠he had scored earlier in the second half when he smashed home the rebound of Barnes’s shot ‌off the post, but the linesman quickly raised his flag for offside. ‌

The ‌second leg is at Barcelona on March 18.

Elsewhere on Tuesday, Mario Lemina’s early diving header handed Galatasaray a 1-0 victory over Liverpool in their Champions League last-16 first leg in Istanbul, leaving the tie finely balanced after ⁠a compelling contest in which both sides saw goals disallowed.

The Turkish champions struck after seven minutes, when Lemina nodded home after Victor Osimhen headed a corner back across goal, giving them a precious advantage ahead of ⁠the second leg at Anfield.

In Italy, Bayern Munich dismantled ⁠Atalanta 6-1 ⁠in a dominant Champions League last-16 first-leg performance on Tuesday, seizing ⁠control from the outset in Bergamo.

The visitors surged into a ⁠three-goal lead within the opening 25 minutes, leaving the home side struggling to gain any sort of foothold ‌in the contest.

Meanwhile, Atletico Madrid tore Tottenham Hotspur apart in ⁠a stunning ⁠first-half blitz on Tuesday, powering to a 5-2 victory in the first leg of their Champions ⁠League last-16 tie and leaving the Premier League side with a mountain to climb in London.

The visitors’ ⁠22-year-old goalkeeper, Antonin Kinsky, endured a night to forget on his first appearance since October and only his third of the season.

Two costly errors from the Czech helped Atletico ‌race into a commanding lead, and he was substituted in the 17th minute by manager Igor Tudor immediately after Atletico’s third goal.

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War with Iran fuels Russian oil boom — and trouble for Ukraine

Russia is emerging as one of the few early economic beneficiaries of the war with Iran, as disruptions to energy infrastructure drive up demand for Russian exports and the world casts its gaze to the Middle East and away from Moscow’s war in Ukraine.

The U.S. and its European counterparts slapped severe sanctions on Russia in March 2022, barely a month into Russian President Vladimir Putin’s full-scale invasion of Ukraine. The effect was a stranglehold on Russia’s exports, depriving Putin’s war effort of at least $500 billion, experts say. But over the last week, as President Trump’s war in the Middle East choked energy markets worldwide, the White House began easing its restrictions on Moscow.

“It is traitorous conduct for you to help Russia,” California Rep. Ted Lieu (D-Torrance) said on X, demanding the Trump administration reverse course. “Russia is giving intelligence info to Iran that helps Iran target American forces.”

Crude droplets rained over Tehran after Israeli airstrikes decimated oil depots, draping the Iranian capital in a dense smog. Iranian counterattacks have also targeted refineries and oil fields in Saudi Arabia and Bahrain. Crude oil prices have surged, and traffic through the Strait of Hormuz has all but ceased, sending energy importers in search of alternate sources.

Those spikes are giving Russia, one of the world’s largest oil and gas exporters, a rare advantage. After spending a decade as the world’s most sanctioned nation over his aggression in Ukraine, Putin is finally starting to regain some leverage in global markets.

“In the current economic situation, if we refocus now on those markets that need increased supplies, we can gain a foothold there,” Putin said at a meeting at the Kremlin on Monday, according to Russian state media. “It’s important for Russian energy companies to take advantage of the current situation.”

On March 4, the Treasury Department issued a temporary 30-day waiver allowing Indian refiners to purchase Russian oil. The appeal by the Trump administration was described as a way to ease demand for Mideast oil, but was criticized as a reversal of sanctions placed against Putin meant to deny him the capital needed to fund his occupation of eastern Ukraine.

Now, Moscow is poised to press that advantage further, after Trump said Monday he will further lift sanctions on oil-producing countries to ease the trade friction and reintroduce additional oil and gas supplies. The only countries with U.S. oil sanctions are Russia, Iran and Venezuela.

“So, we have sanctions on some countries. We’re going to take those sanctions off until this straightens out,” Trump said at a news conference at his golf club in Doral, Fla. “Then, who knows, maybe we won’t have to put them on — they’ll be so much peace.”

The surprise concession to Moscow comes as reports suggest Russia is assisting Iran in targeting U.S. personnel.

Trump’s announcement followed an unscheduled hourlong call with Putin about the situation in the Middle East.

The war has also set the stage for Russia to make gains in Ukraine, as hostilities draw the global spotlight away from Kyiv and its struggle to hold back the bigger Russian army. U.S.-brokered talks between the two adversaries have been sidelined as Washington shifts focus to its war in Iran.

“At the moment, the partners’ priority and all attention are focused on the situation around Iran,” Ukrainian President Volodymyr Zelensky said on X. “We see that the Russians are now trying to manipulate the situation in the Middle East and the Gulf region to the benefit of their aggression.”

Putin is unlikely to intervene militarily on Iran’s behalf, according to Robert English, an international foreign policy expert at USC. Instead, Putin is expected to play his position carefully, reap the economic rewards, and keep focused firmly on Ukraine at a time when key air defense systems are diverted from Ukraine to the Persian Gulf.

“Russia is winning the Iran-U.S.-Israel war, at least so far. Oil and natural gas prices have soared, filling Putin’s Ukraine war chest,” he said. “Russia is gathering forces for a big spring offensive in Eastern Ukraine, and it’s not even front-page news.”

Ukraine has dispatched drone interceptors and ordered its anti-drone experts to pivot from their war with Russia to help Western allies help intercept Iranian attacks. Zelensky’s allegiance may not pay off, English said.

“When will Ukraine see the benefits of helping the U.S. with anti-drone technology? No time soon, apparently,” he said.

Even several weeks of interruption in Gulf energy supplies could bring the largest windfall to Russia, the Associated Press reported, citing energy analysts.

The economic turmoil caused by the war has exposed vulnerabilities in Europe’s energy system, particularly its lingering dependence on Russian fuel.

Despite sanctions, the European Union remains a major purchaser of Russian natural gas and crude oil. Russian gas accounted for approximately 19% of E.U. gas imports in 2025. Allied Europeans have agreed to completely stop importing Russian liquefied natural gas, oil and pipeline gas by late 2027.

Putin expressed no desire Monday to rescue the European market now that U.S.-Israeli escalations and Iranian retaliation have choked oil production and shipping. The Russian president instead proposed to divert volumes away from the European market “to more promising areas” like the Asia-Pacific region, Slovakia and Hungary, which he said were “reliable counterparties.”

European leaders have been criticized for being “stunned, sidelined, and disunited” since hostilities began in late February. Excluded from the initial military planning by the U.S. and Israel, Europe entered the conflict with gas storage at only 30% capacity, the lowest levels in years. Instead of bold action, English said, European leaders have quarreled over internal divisions and rivalries.

“Sky-high energy prices are the underlying cause of many of these frictions, as Europe struggles now more than ever to find affordable alternatives to the cheap Russian petroleum,” English said.

Antonio Costa, president of the European Council, told European leaders in Brussels on Tuesday that rising energy prices and the world’s shifting attention risk strengthening the Kremlin at a critical moment in the war in Ukraine.

“So far, there is only one winner in this war,” Costa said. “Russia.”

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Russian attack kills four in Ukraine’s Sloviansk as both sides claim gains | Russia-Ukraine war News

Ukrainian and Russian officials have claimed battlefield successes in the more than four-year war, as Russian air attacks on Ukraine continue.

At least four people were killed in Russian attacks on the Ukrainian town of Sloviansk, regional authorities said on Tuesday.

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The governor of Sloviansk, Vadym Filashkin, confirmed the death toll on Tuesday and said 16 others were wounded, including a 14-year-old girl. He said Russian forces dropped three guided bombs on the city.

There was no immediate comment from Moscow on the attack.

Overnight drone strikes on three other Ukrainian cities wounded at least 17 people, including two children, emergency services said.

Ukraine’s air force said that it shot down 122 out of 137 drones that Russia launched during the night.

Warring parties claim advances

Ukrainian forces have recently retaken nearly all the territory of the southeastern Dnipropetrovsk industrial region during a counteroffensive, driving Russian troops out of more than 400 square kilometres (150sq miles), Major-General Oleksandr Komarenko said in an interview published Tuesday by local media outlet RBC-Ukraine.

He described the overall situation on the front line as difficult but under control, with the heaviest fighting continuing near Pokrovsk in eastern Ukraine and Oleksandrivka in the south, where he said Russian forces have concentrated their main effort.

There was no independent verification of his description of the military situation.

The Institute for the Study of War, a Washington-based think tank, said late Monday that recent Ukrainian counterattacks “are generating tactical, operational and strategic effects that may disrupt Russia’s spring-summer 2026 offensive campaign plan”.

Meanwhile, Russian President Vladimir Putin claimed that Russian forces have extended their gains in Ukraine’s eastern Donbas region, whose capture Moscow has made one of the goals of its invasion. Ukraine controlled about 25 percent of the Donbas six months ago, but it now holds just 15-17 percent, Putin said.

In Russia, the governor of the border region Bryansk, said a Ukrainian missile strike on Bryansk city had killed at least six people and wounded 37 others.

Alexander Bogomaz said those killed were civilians and that the wounded were admitted to the Bryansk Regional Hospital.

Ukrainian President Volodymyr Zelenskyy said the attack hit a Russian missile plant.

At the same time, a United Nations investigation found that the deportation and transfer of Ukrainian children since Russia invaded Ukraine in 2022 had amounted to “crimes against humanity”.

The International Criminal Court issued arrest warrants for President Vladimir Putin and five other Russian officials in 2023 over the alleged illegal deportation of children, which Moscow denies and said it has been evacuating people voluntarily from a warzone.

Trilateral talks ‘next week’

United States special envoy Steve Witkoff told the CNBC news outlet on Tuesday that the next round of trilateral talks between Ukraine, Russia and the US would likely be “sometime next week”.

Trilateral talks were first held in January in the United Arab Emirates; a second meeting was held in February in Geneva, Switzerland. Last year, Russia and Ukraine also held three rounds of talks in Turkiye, yet so far the two countries remain no closer to a deal as key issues, including Russia’s control of Ukrainian territory, are yet to be resolved.

Moscow has repeatedly said it would only agree to a deal that allows it to retain the territories it has seized, while Ukraine has said its territory must be returned in any deal.

Ukrainian President Volodymyr Zelenskyy said Turkiye was prepared to host the next round of trilateral talks after speaking with his Turkish counterpart, President Tayyip Erdogan, on Tuesday.

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IEA due to meet as member states mull releasing oil reserves amid Iran war | US-Israel war on Iran News

International Energy Agency chief says talks aim to assess conditions as US-Israel war on Iran fuels global uncertainty.

The International Energy Agency (IEA) is set to hold an emergency meeting to assess the situation in the Middle East as the US-Israeli war on Iran continues to roil global energy markets.

Fatih Birol, the agency’s executive director, said representatives of IEA member states would meet on Tuesday to assess “the current security of supply and market conditions” amid the conflict.

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“I have convened an extraordinary meeting of IEA member governments, which will take place later today to assess the current security of supply and market conditions to inform a subsequent decision on whether to make emergency stocks of IEA countries available to the market,” Birol said.

This week, oil prices hit their highest levels since mid‑2022 amid concerns of prolonged shipping disruptions linked to the war and reduced output from some key producers in countries that have been targeted by retaliatory Iranian strikes.

While the market reversed late in the day on Monday, with benchmarks falling below $90 a barrel, uncertainty persists around how long the United States-Israel war will drag on.

The Strait of Hormuz, a critical Gulf waterway through which about one-fifth of the world’s oil supplies passes, has effectively been shut down as a result of the war.

“If this drags on, it is not just going to be energy prices” that are affected, Al Jazeera’s Osama Bin Javaid explained. “It is going to have an impact on global economies.”

Bin Javaid noted that the extraordinary IEA meeting comes after Group of Seven (G7) countries met to discuss possible actions to help stabilise global energy markets.

European governments have been on edge about the prospect of a repeat of the energy crisis they faced in 2022, when prices surged to record peaks after Russia’s full-scale invasion of Ukraine.

“The IEA will ⁠be presenting an ⁠in-depth analysis of the pros and ⁠cons of releasing stocks ⁠now,” the European Union’s Energy Commissioner ‌Dan Jorgensen said before the agency’s meeting.

Earlier on Tuesday, G7 energy ministers stopped short of deciding on the release of strategic oil reserves in a call, instead asking the IEA to assess the situation before acting.

“Everyone is willing to take measures to stabilise the market, including the United States,” French Finance Minister Roland Lescure told reporters after the latest talks.

“We have asked the IEA to elaborate scenarios for a potential oil stock release; we need to be ready to act at any moment,” he added.

EU leaders also will discuss competitiveness, including energy prices, on a call later in the day with German Chancellor Friedrich Merz, Italian Prime Minister Giorgia Meloni, Belgian Prime Minister Bart De Wever, and others.

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Russia the only ‘winner’ of US-Israel war on Iran: EU Council president | US-Israel war on Iran News

Antonio Costa says Russia benefits from soaring global energy prices and attention being diverted from war in Ukraine.

European Council President Antonio Costa has said Russia is the only country benefitting from the US-Israeli war on Iran, as global energy prices soar and attention from Moscow’s four-year conflict with Ukraine is diverted.

Now in its 11th day, the war has spiralled rapidly throughout the region as Iranian forces hit back at US and Israeli targets, as well as facilities in the Gulf. It has also slowed oil and natural gas flows through the strategic Strait of Hormuz to a near standstill, pushing fuel prices upwards and threatening far-reaching impacts on a number of industries.

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“So far, there is only one winner in this war – Russia,” Costa said in a speech to European Union ambassadors in Brussels on Tuesday.

“It gains ‌new resources to finance its war against Ukraine as energy prices rise. It profits from the diversion of military capabilities that could otherwise have been sent to support Ukraine. And it benefits from reduced ⁠attention to the Ukrainian front ⁠as the conflict in the Middle East takes centre stage.”

Costa stressed the need for the EU to protect ⁠the international rules-based order, which he said was now being challenged ⁠by the United States, ⁠and for all parties in the Middle East to return to the negotiating table.

“Freedom and human rights cannot ‌be achieved through bombs. Only international law upholds them,” he said. “We must avoid further escalation. ‌Such ‌a path threatens the Middle East, Europe, and beyond.”

The US and Israeli attack on Iran triggered the biggest spike in oil prices on Monday since the turmoil following Russia’s invasion of Ukraine in 2022.

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Costa’s comments came as the Kremlin said all parties wanted to continue US-mediated Russia-Ukraine peace talks, but that no date or venue had been agreed yet for the next round.

Russia and Ukraine held three rounds of talks in Turkiye last year and have conducted several more US-mediated sessions in Abu Dhabi and Geneva this year. But they remain far apart on key issues, especially on Russia’s demand for Ukraine to cede control of the whole of its eastern Donetsk region.

On Monday, US President Donald Trump and his Russian counterpart, Vladimir Putin, held their first phone call of the year, during which they discussed the wars in Iran and Ukraine.

The Kremlin said the possibility of lifting US sanctions on Russian oil had not been discussed in any detail with Washington, but that US actions were aimed at stabilising global energy markets.

Following this call, Putin said Russia, the world’s second-largest oil exporter and holder of the biggest natural gas reserves, was ready to work again with European customers if they wanted to return to long-term cooperation.

Before the Ukraine war, Europe was buying more than 40 percent of its gas from Russia. By 2025, combined sales of pipeline gas and LNG from Russia accounted for only 13 percent of total EU imports.

Also on Monday, Trump said his administration would lift some sanctions on oil-producing countries to keep energy prices down – though he did not say which ones.

Washington currently maintains sanctions on the oil sectors of Russia, Iran and Venezuela.

The Reuters news agency, citing multiple unnamed sources, reported that Trump was considering easing sanctions on Russia as part of his plans to keep oil prices down.

US Treasury Secretary Scott Bessent last week announced a 30-day waiver on sanctions on Russian oil sales to India to help it cope with the cuts to Middle East supply.

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Sustainable Finance Awards 2026: Central Eastern Europe



Sustainable Finance Awards 2026: Central Eastern Europe | Global Finance Magazine




























These Central and Southeastern Europe banks are expanding ESG financing, green bonds, and sustainable infrastructure.

Last year may well go down as the year Central and Southeastern Europe truly came to grips with climate change—three heat waves across late spring and summer, unseasonal heavy rain, and serious flooding (which affected harvests across the region) proved that climate change can no longer be ignored.

Banks across the region have recognized the opportunities and are demonstrating ingenuity in developing new green-financing techniques. They are working closely with multinational institutions such as the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) to help implement the EU’s Green Deal and make the continent the world’s first climate-neutral one.

Last year’s Central and Eastern Europe (CEE) Sustainable Finance Summit—held in May 2025, with this year’s summit scheduled for September—highlighted the region’s priorities. Many of these reflect CEE’s Communist past, in which pollution was exacerbated by a reliance on polluting coal and lignite and by a system that worked against conservation.

Financing in the energy sector remains key, with CEE aiming to increase the share of renewables from 30% of total energy consumption today to 75% by 2050. In addition, CEE and Southeastern European countries need about €8 billion annually for low-carbon technologies, particularly in infrastructure, transport, and energy.

The summit concluded that although there has been some pushback on ESG, there is growing awareness of the need to recalibrate it, especially where it excludes investments in defense and security. Reflecting the deterioration in Europe’s geopolitical situation over the past few years, among other things, the summit concluded that “security and defense can and should be reframed as part of broader sustainability and resilience agendas. Long-term peace and democracy are fundamental to sustainable societies.” 

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Best Bank for Sustainable Finance

Best Bank for Green Bonds

Best Bank for Sustainability Bonds

Raiffeisen Bank International (RBI) is hardly a stranger to sustainable finance—the Austrian-based entity was among the first to sign the UN Principles for Responsible Banking and has embedded ESG across its strategy, now fully aligned with global standards. Since launching its first green bond in 2018, the bank has built a €5 billion sustainable bond portfolio across multiple currencies and countries.

By November 2025, ESG-labeled bonds were worth some €5 billion, 20% of the total €24.6 billion issued. Raiffeisen Bank Hungary issued a successful €300 million in green bonds in June 2025, while RBI’s €500 million benchmark green bond, issued in November 2025, was oversubscribed by a record amount, demonstrating strong demand for the product and the trust in which RBI is held.

One of RBI’s notable sustainable-finance achievements in 2025 was the relaunch of its Sustainability Bond Framework. According to Markus Ecker, RBI’s head of Sustainable Finance, “RBI will expand eligible green-loan categories and further strengthen advisory services to help clients transition. The goal: deeper emissions reductions and accelerated decarbonization across Central and Eastern Europe.”

RBI has also been active in issuing ESG loans: These increased 14.9% YoY to €19.3 billion at the end of September 2025.


Sustainable Finance Deal of the Year: Antalya-Alanya Motorway Project

Best Bank for Sustaining Communities

Garanti BBVA, one of Turkey’s largest banks, with 28 million customers and almost 800 branches, was established in 1946 as Garanti Bank and is now 86% owned by Banco Bilbao Vizcaya Argentaria (BBVA). Garanti has made sustainable investment core to its strategy. It seems only right that it should win these two prestigious awards, as its efforts are linked.

The bank’s community investment programs’ strategy comprises four focus areas aimed at sustaining and enriching communities: education for all, reducing inequality, accessible culture and knowledge production, and combating the climate crisis. Garanti monitors the outcomes of its programs using internationally recognized measurement and research techniques through social-impact analysis, ensuring that every Turkish lira invested generates substantially more value.

This emphasis on bringing people together made Garanti BBVA a natural fit for the flagship Antalya-Alanya Motorway Project. The new 122-kilometer motorway connecting Antalya to Alanya is one of Turkey’s major infrastructure developments.

Garanti BBVA participated in €1.7 billion in financing for the project, which will reduce travel time from two-and-a-half hours to just 36 minutes. According to the bank, the motorway will enhance productivity, contribute to overall economic growth, and generate annual savings of approximately 16.9 billion Turkish lira ($385.4 million) in time and 800 million lira in fuel consumption, resulting in a total yearly economic benefit of nearly 17.7 billion lira.

The new corridor will reduce carbon emissions by 47,000 tons per year, helping to preserve the pine forests of the Taurus Mountains as well.


Best Impact Investing Solution

Best Bank for Sustainability Transparency

Best Bank for Social Bonds

Akbank’s Sustainable Finance Framework—which had a portfolio of almost $4 billion at the start of 2025—is among the most ambitious and far-reaching in Turkey and the wider region, helping the bank to secure three of our CEE regional awards.

Akbank’s submission underscored the seriousness with which it approaches impact investing, stating, “We encourage investors to direct their capital toward areas and companies that contribute to the well-being of the planet.”

To prove it, Akbank launched Turkey’s strategic partnership with the UN Development Programme’s Cool Up program, which seeks to advance sustainable-cooling finance to mitigate the climate impact of cooling technologies.

Regarding sustainability transparency, Akbank has launched a series of initiatives, including active participation in the development of the EU’s Green Asset Ratio calculation criteria in conjunction with the Turkish Banking Association’s Sustainability Working Group and the banking sector’s Green Asset Ratio Working Group.

In 2025, Akbank began implementing the green transformation score for commercial, corporate, and SME clients in the 2030 target sectors. The scores are based on client-level transition practices, such as the availability of science-based climate targets, the implementation or planning of low-carbon practices, and the availability of low-carbon products.

This serious approach to transparency and commitment to social bonds is reflected in the bank’s raising of its sustainable-finance target for 2030 to 800 billion lira, having exceeded the bank’s previous 200 billion Turkish lira target.


Best Platform/Technology Facilitating Sustainability Finance

In response to customer demand for support with ESG, the energy transition, and sustainability generally, PKO Bank Polski—Poland’s largest bank by assets and a leader in ESG financing and bond issues—launched energiatransformacji.pl in 2025.

The new service, an interactive business hub, offers tools to help customers with their energy transition strategy (carbon footprint calculators and a subsidy search engine) and includes an educational database on ESG, sustainable development, and financing.

The initiative reflects PKO BP’s 2025-2027 strategy to secure a 20% share of Poland’s energy transition financing.


Circular Economy Commitment

As part of the Intesa Sanpaolo Group, VUB has long been committed to the highest ESG standards. Much of this focus has been on the consumer sphere, reflecting the Slovak bank’s strong position in its home market and in Czechia.

A typical example of VUB’s capacity for innovation was the introduction of a new Building Reconstruction Simulator that combines real-time market calculations and expert insight to help homeowners make informed, sustainable decisions when undertaking domestic renovations.

For corporate clients, particularly SMEs, the bank has introduced special minibonds that enable the issuance of direct debt securities to finance ESG-related projects. These include specific offerings to promote the circular economy, as well as the installation of renewable-energy projects and energy-efficiency upgrades.


Best Bank for Sustainable Infrastructure/Project Finance

Best Bank for Transition/Sustainability-Linked Loans

Poland’s second-largest bank, established in 1929, has prioritized ESG investing and lending over the past decade, becoming one of the largest players domestically and in the CEE region. In 2025, Bank Pekao unveiled its 2025-2027 strategy, outlining its main plans and priorities, building on its 2023 Sustainable Finance Framework.

In the first three quarters of 2025, Bank Pekao financed green projects totaling 5.1 billion Polish zloty ($1.4 billion), up from 3.7 billion zloty in 2024, aiming to reach 9 billion zloty by the end of 2027.

Along with other banks, Bank Pekao has provided financing for the approximately €6.3 billion construction of the Baltyk 2 and Baltyk 3 wind farms in the Baltic Sea, developed by Polenergia and Equinor. The wind farms have a total capacity of over 1.4 gigawatts and can supply green energy to over 2 million Polish households. The farms should start producing energy in 2027 and reach full operational capacity in 2028.

In 2025, Bank Pekao also helped issue a syndicated €300 million loan to a leading energy company, issued five-year green bonds for a leading telecoms company totaling 700 million zloty, and issued bonds worth 1 billion zloty for sustainable development for a large retail company.


Best Bank for Blue Bonds (New for 2026)

In October 2024, QNB Bank issued Turkey’s first blue bond, in collaboration with the IFC as the sole investor, for $25 million and a five-year maturity.

The bond is financing nearly all water conservation activities, including wastewater management, boosting sustainable tourism, reducing marine pollution, and enabling sustainable fishing.

The bond was issued under QNB Group’s Sustainable Finance and Product Framework. Late last year, QNB Bank again cooperated with the IFC, alongside the EBRD, to complete a $100 million climate transition bond issue, the first of its kind, focused on financing decarbonization efforts in carbon-intensive sectors such as cement production and steel, which are generally excluded from green bonds because of their high emissions.

This climate transition bond is viewed as a strategic link to green and ESG finance.


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Could the US-Israel war with Iran fuel global inflation? | Business and Economy

Oil prices are swinging as markets react to every twist in the conflict.

The United States and Israel’s war on Iran has caused the largest energy supply shock in decades.

The Strait of Hormuz is in effect closed, and attacks are being carried out on energy facilities in the Middle East, rattling oil markets.

From Americans filling their tanks at the pump to European factories and Asian economies, the impact is already being felt.

US President Donald Trump says the rise in oil prices is a “very small price to pay” for “safety and peace”. But investors warn that if the conflict drags on, there’s danger of stagflation.

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Putin says Russia can supply oil, gas to Europe as energy prices soar | US-Israel war on Iran News

Russian president spoke as oil prices surged past $100 per barrel, reaching levels unseen since start of Ukraine war.

Russian President Vladimir Putin has said that Russia is ready to conditionally supply oil and gas to Europe as the US-Israeli war on Iran brings shipments through the Strait of Hormuz to a halt.

The Russian president said in televised comments on Monday that Moscow was ready to work again with European customers, which largely stopped buying from his country in a bid to stop funding its war on Ukraine, if they wanted to return to long-term cooperation.

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European countries, however, have spent the past four years sharply reducing their reliance on Russian oil and gas in response to Moscow’s war in Ukraine and subsequent European Union and Group of Seven (G7) sanctions.

The EU banned maritime imports of Russian crude in 2022, while Russia’s pipeline exports to Hungary and Slovakia have been effectively halted since January due to damage to the Druzhba oil pipeline via Ukraine.

“If European companies and European buyers suddenly decide to reorient themselves and provide us with long-term, sustainable cooperation, free from political pressures, free from political pressures, then yes, we’ve never refused it. We’re ready to work with Europeans too,” said Putin at a meeting with government officials and heads of Russia’s top oil and gas producers.

He said that Russian companies should take advantage of conflict in the Middle East, which has seen Iran effectively halt shipping in the Strait of Hormuz, one of the world’s key oil transit chokepoints that carries roughly a fifth of global oil and liquefied natural gas.

The Russian president spoke as oil prices exceeded $100 per barrel on Monday, reaching peaks unseen since he launched his country’s full-scale invasion of Ukraine in 2022.

Brent crude, the international benchmark, rose by more than 30 percent on Sunday, at one point topping $119 a barrel, as fears grew of prolonged disruption to global energy supplies.

G7 nations said on Monday that they were prepared to implement “necessary measures” in response to surging global oil prices, but stopped short of committing to release emergency reserves.

Putin’s comments came hours after Hungarian Prime Minister Viktor Orban urged the European Union to suspend sanctions on Russian oil and gas to counter prices sent soaring by the war in the Middle East.

Last week, Putin had instructed the government to consider switching remaining Russian oil and gas flows away from Europe, before the European Union starts enforcing its decision to completely ban Russian fossil fuels.

Before the Ukraine war, Europe was buying more than 40 percent of its gas from Russia. By 2025, combined sales of pipeline gas and LNG from Russia accounted for only 13 percent of total EU imports.

The loss of the European market during the Ukraine war forced Russia to sell oil and gas at steep discounts to Asia.

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France preparing to escort ships in Strait of Hormuz when war calms: Macron | US-Israel war on Iran News

French President Emmanuel Macron has said France and its allies are preparing a “purely defensive” mission to escort vessels through the Strait of Hormuz once the “most intense phase” of the US-Israeli war on Iran ends.

Speaking in Cyprus on Monday, Macron said the “purely escort mission” must be prepared by both European and non-European countries.

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Its purpose “is to enable, as soon as possible after the most intense phase of the conflict has ended, the escort of container ships and tankers to gradually reopen the Strait of Hormuz”, the French president said, without providing further details.

Macron’s comments come as global oil prices have surged amid continued attacks by the United States and Israel against Iran, as well as retaliatory Iranian missile and drone strikes across the wider region.

The war has effectively shut down the Strait of Hormuz, a strategic Gulf waterway through which about 20 percent of the world’s oil supplies pass, while Iranian attacks on energy infrastructure in the Middle East also have raised concerns.

Responding to Macron’s comments, top Iranian security official Ali Larijani said, “It is unlikely that any security will be achieved in the Strait of Hormuz amid the fires of the war ignited by the United States and Israel in the region.”

Larijani added in a social media post that security is also unlikely to be restored as a result of plans designed by “parties that were not far removed from supporting this war and contributing to its fanning”.

While European countries have been largely sidelined as the war escalates, several – including France, the United Kingdom and Greece – have sent military assets to Cyprus following an Iranian-made drone attack on a British base on the island.

Greece has dispatched four F-16 fighter planes to the Paphos airbase and its two state-of-the-art frigates Kimon and Psara are patrolling offshore Cyprus, tasked with intercepting any missiles or drones.

Last week, Macron ordered the French frigate Languedoc to waters off Cyprus to bolster the country’s anti-drone and anti-missile defences.

“When Cyprus is attacked, then Europe is attacked,” Macron said after meeting with Cypriot President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis in Paphos on Monday.

The French president said he would also deploy a total of eight warships, two helicopter carriers and the nuclear-powered aircraft carrier Charles de Gaulle to the Eastern Mediterranean and the wider Middle East region, calling the move “unprecedented”.

France’s objective “is to maintain a strictly defensive stance, standing alongside all countries attacked by Iran in its retaliation, to ensure our credibility, and to contribute to regional de-escalation”, Macron said.

“Ultimately, we aim to guarantee freedom of navigation and maritime security.”

With the closure of the Strait of Hormuz sending oil prices soaring, finance ministers from the Group of Seven (G7) countries met in Brussels on Monday to discuss how to respond.

Crude oil prices have increased by about 50 percent since the US and Israel launched the war last month, with international benchmark Brent crude prices surpassing $100 a barrel on Monday.

French Finance Minister Roland Lescure told reporters that the G7 ministers did not make a decision on the potential release of emergency oil stocks amid the war. “What we’ve agreed upon is to use any necessary tools if need be to stabilise the market, including the potential release of necessary stockpiles,” Lescure said.

Paul Hickin, editor-in-chief and chief economist at Petroleum Economist, said getting the Strait of Hormuz reopened is the main priority. “That’s not going to happen in any shape or form until there’s a resolution to the conflict,” Hickin told Al Jazeera.

He explained that several countries in the Middle East, such as Kuwait and Iraq, are dependent on the strait to get their energy supplies to market.

“Kuwait and Iraq and those producers, they are really having a shut-in, and it will take a little bit of time to get back up and running,” said Hickin.

“That is the big risk, the knock-on effect … Getting those ships back, getting that infrastructure back up and running, it’s a slow process. So prices won’t come back down as quickly as many may think.”

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What defence support could Ukraine offer Middle East states amid Iran war? | US-Israel war on Iran News

Ukrainian President Volodymyr Zelenskyy has said that Kyiv could provide defensive systems as well as assistance to civilians and American soldiers “deployed in certain countries” in the Middle East as the war in Iran continues.

He has reportedly proposed an exchange of Ukrainian defensive technology to combat Iranian drones in return for advanced US defensive systems to use in the war against Russia.

The US-Israel-Iran conflict, which started 10 days ago when the United States and Israel launched strikes on Iran and killed Iran’s supreme leader, Ayatollah Ali Khamenei, has continued to escalate. Iran has responded with strikes on Israel and US military assets and other infrastructure in Kuwait, Bahrain, Qatar, Saudi Arabia and the United Arab Emirates.

As Gulf and other Middle Eastern states continue to attempt to intercept incoming drones and missiles with US-supplied air defences, the US has asked Ukraine to contribute some of its own air-defence systems.

Here is what we know.

What has the US requested from Ukraine and why?

The US has asked for Ukraine’s help in defending Washington’s allies in the Middle East against Iranian missile attacks on infrastructure and US military assets, Ukraine’s president confirmed last week.

At the moment, the US is using air defence systems such as the Patriot, Terminal High Altitude Area Defense (THAAD) batteries and Airborne Warning and Control System (AWACS) aircraft, to intercept Iranian drones and missiles targeting its military assets in the region. The Patriot Advanced Capability-2 (PAC-2) and PAC-3 are advanced surface-to-air missile defence systems.

However, these types of systems are extremely expensive, costing millions of dollars for each interceptor missile fired, and there are concerns that supplies of US interceptor missiles could run low.

“We received a request from the United States for specific support in protection against ‘shaheds’ in the Middle East region,” Zelenskyy wrote in an X post on March 5.

Shahed drones, particularly the Shahed-136, are Iranian-designed “kamikaze” or loitering munitions which are very low cost compared to the interceptors being used by the US. Costing roughly $20,000-$35,000 each, these GPS-guided drones are about 3.5m (11.5 feet) long and fly autonomously to pre-programmed coordinates to strike fixed targets with explosive payloads. They blow up as they hit their targets.

Over the course of the Iran war, Shahed-136 drones have targeted Middle Eastern countries including Saudi Arabia, Bahrain, Qatar and the UAE where US military assets and troops are hosted. Experts estimate that Iran has thousands of these drones.

Iran has also been supplying Moscow with many thousands of Shahed drones during Russia’s war on Ukraine.

During the course of Russia’s four-year war on Ukraine, Ukraine’s domestic arms industry has been forced to innovate, building low-cost interceptor drones priced at roughly $1,000 to $2,000 to counter Russian attacks with imported Iranian Shahed-136s.

Kyiv is now mass-producing these low-cost interceptor drones.

“The role of Shahed-type drones in long-range attacks has become more prominent in Ukraine after Russia took Iranian technology, improved it, and built it in previously unimaginable numbers,” Keir Giles, a Eurasia expert for the UK-based think tank Chatham House, told Al Jazeera.

Shahed drone
A man rides a motorcycle past a Shahed drone in Tehran’s Baharestan Square on September 27, 2025, as part of an exhibit to mark the ‘Sacred Defence Week’ commemorating the 1980-88 Iran-Iraq War [Atta Kenare/AFP]

What has Zelenskyy said?

Zelenskyy has posted several statements on social media confirming that he is ready to help Middle Eastern countries defend their territories by providing technical expertise.

“Ukrainians have been fighting against ‘shahed’ drones for years now, and everyone recognises that no other country in the world has this kind of experience. We are ready to help,” he wrote on X on March 5.

“I gave instructions to provide the necessary means and ensure the presence of Ukrainian specialists who can guarantee the required security.

“Ukraine helps partners who help ensure our security and protect the lives of our people.”

It is understood that Ukraine is in talks with several Middle Eastern countries about this.

On Monday, Zelenskyy said Ukraine has deployed interceptor drones and a team of specialists to help protect US military bases in Jordan.

Zelenskyy wrote on X that he has also spoken directly to Saudi Crown Prince Mohammed bin Salman (MBS) about “countering threats from the Iranian regime”.

He also said he had spoken with the leaders of Bahrain, Jordan, Kuwait, Qatar and the UAE.

Zelenskyy has repeatedly stressed that Ukraine must not weaken its own air defences. However, it is mass-producing this equipment now, and may well be able to afford to share.

“The fact that there are surplus capabilities ready to be sent to the US and the Middle East is unsurprising because Ukraine has led this innovation,” Giles said.

Zelenskyy has therefore proposed an exchange of air defence systems with the US ones being used in the Middle East.

“We ourselves are at war. And I said, completely frankly, that we have a shortage of what they have. They have missiles for the Patriots, but hundreds or thousands of ‘shaheds’ cannot be intercepted with Patriot missiles – it is too costly,” Zelenskyy said.

“Meanwhile, we have a shortage of PAC-2 and PAC-3 missiles. So, when it comes to technology or weapons exchange, I believe our country will be open to it.”

Zelenskyy may also have good political reasons for extending help, analysts say.

“The US has declined support for Ukraine on the ground that it had insufficient supply of air defence munitions, and now more of those Patriots have been fired in the Middle East in a few days, than have been supplied to Ukraine in four years,” Giles said.

“Zelenskyy will be aware that in providing this assistance, he is not only shaming the US, but also directly supporting potential friends and partners in the Middle East, who before now have been ambivalent to the situation in Ukraine,” Giles said.

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Who else has sent defensive backup to the Gulf?

European countries including the United Kingdom, France, Spain, Portugal, Greece and Italy have pledged to provide defensive backup to Gulf nations over the past week. Additionally, Australia said it was deploying military assets to the region.

Wary of becoming directly involved in the US-Israeli war on Iran, European countries have nevertheless been drawn into the conflict by attacks on a British base on Cyprus in the Mediterranean and Iranian strikes on Western allies in Gulf countries that host US troops in military bases.

What will happen next?

Just as Ukraine is getting involved in the war, Russia might too, say experts.

“We should not be surprised if before long, as well as Russian technology in Iranian drones, we see Iran launching Shaheds manufactured in Russia,” Giles said.

He described Russia as a “primary beneficiary of current US actions,” pointing to how the surge in oil prices, the relaxation in US curbs on Russian energy exports to keep crude and gas prices under control, and the diversion of air defence munitions from Europe to the Middle East all helped Moscow. These, he said, “are all lifelines for Russia”.

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Europe becoming arms powerhouse despite increased imports, says SIPRI | Military News

The Ukraine war has increased Europe’s dependence on arms imports in the past five years, but it may also have helped to turn Europe into a rising arms manufacturer and exporter, new research suggests.

Imports of major arms by European states more than tripled during 2021-25, when the Ukraine war has raged, compared with the previous five-year period of 2016-20, the Stockholm International Peace Research Institute (SIPRI) said in its annual Arms Transfers report released on Monday.

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Almost half of those weapons – 48 percent – came from the United States, suggesting that Europe is failing in a commonly shared ambition of becoming more weapons-autonomous.

Poland and the United Kingdom are Europe’s biggest importers of weapons, said SIPRI.

Europe’s growing market

However, there are caveats to that picture.

“Ukrainian arms imports over the last five years made 43 percent of the overall increase in European imports,” said Katarina Djokic, a leading SIPRI researcher.

That figure measures only direct imports from the US to Ukraine, she said. It does not include imports made on Ukraine’s behalf by other European states. So in reality, Ukraine’s needs made up an even bigger proportion of Europe’s imports.

Beneath that headline figure of growing European imports lies another picture of Europe.

“Taken together, the arms exports of the 27 current EU member states went up by 36 percent,” said SIPRI’s report.

That is a faster growth rate than the US’s 27 percent over the same period, and China’s 11 percent.

The European Union’s combined arms exports accounted for 28 percent of total global arms exports in the past five years, nearly replacing its imports, which account for a third of the world’s total.

That 28 percent of the global market is “four times higher than Russia’s export volume and five times higher than China’s”, said SIPRI.

Russia’s market crumbling

At the same time, Russia, seen as Europe’s main security threat, has seen its share of arms exports collapse by 64 percent in the past five years compared with the previous five years.

“Their exports have dropped off partly because they desperately need what they make themselves,” said General Ben Hodges, a former commander of US forces in Europe.

“But nobody wants to buy Russian kit because it’s been proven to be not that good … their technology has been defeated by Ukrainian technology,” he told Al Jazeera.

Russia’s top clients are abandoning it, Djokic said.

“China has promoted its own defence industry and has become independent in arms production. For a while, they were importing at least, for instance, Russian-produced engines for Chinese-produced aircraft. Now they have their own design, they don’t really need it,” she said.

Will the US continue to dominate Europe?

Europe depends on the US for a number of reasons, said Djokic.

Some items, such as multiple-launch rocket systems, are not manufactured in Europe, she noted.

Then there is the desire to go for the best-in-class.

“[States] go for something they perceive as superior technology, so you have many air forces wanting to have the F-35 [jets] even though some of them can’t use all the capabilities they gain with that,” said Djokic.

Interactive_F35_ Jet F-35 Nov18_2025

Another example is the battle-proven Patriot antiballistic missile defence system.

But perhaps the biggest reason is the desire to strengthen the security partnership with the US, which has been perceived as the biggest security partner, “especially in the eastern part of the EU”, Djokic said.

For example, Poland, which says it is building Europe’s largest land army, is equipping its armed forces almost exclusively with US weapons.

That may be changing.

Unlike in previous support packages from the EU, Brussels is now insisting that Ukraine give preferential treatment to weapons it can buy in Europe.

That is because after the US moved away from providing aid to Ukraine under President Donald Trump, the EU has become Ukraine’s biggest donor and supporter, sending 195 billion euros ($230bn) to date and voting to lend Ukraine another 90 billion euros ($106bn) over the next two years. Much of that money will now flow back into the EU.

The perception of the US as a security partner is also likely to suffer, said Hodges.

“The transatlantic relationship is still there, but it’s not the same and probably will never be the same,” he said. “Europeans are realising that they have to become less and less dependent on the US if an American president can say, ‘S**** you guys’.”

‘Dangers are not going to go away’

Hodges was referring to Trump’s abandonment of Ukraine in the midst of Russia’s invasion, his questionable commitment to NATO and his threat this year to invade Greenland, a territory belonging to a NATO ally.

“Given Russia’s war in Ukraine, the fighting in the Middle East, the dangers are not going to go away. So most European countries have a more sober, realistic view of the threats and the need for stronger capabilities for deterrence, especially if they sense that the US is not as present or capable or reliable as it has been,” Hodges said.

“You’ll continue to see growth, and investors are more willing to invest in defence now – pension funds, insurance companies – who have traditionally shied away from defence.”

Europe has ploughed 150 billion euros ($175bn) into Security Action for Europe (SAFE), a low-cost loan programme given to member states that buy weapons from other member states. More than 113 billion euros ($113bn) of that have been allocated to member states.

None of these changes in spending and perception is yet reflected in SIPRI’s numbers.

“What we are witnessing now are new orders being placed for European weapons systems, prominently Aristide air defence systems from Germany, or Cesar howitzers from France, where you can tell that this kind of support through the European Union does play a role in promoting within-EU procurement,” said Djokic.

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These L.A. spots will make you think you’re in Europe (kinda)

My husband and I celebrate our 40th wedding anniversary in April! Years ago we planned to go to Paris (as we did on our 25th), but now our 17-year-old dog can’t be left alone with a dog sitter for that long. And look, our cat is 15! Any recommendations for a special dinner (we live in the Pasadena/Highland Park area) and maybe a little escapade where we would only be gone for shorter bursts? Hints: We love theater, movies, the beach, laughing and food that is divine, but not so rich you can’t stand up after. I also can’t eat dairy. — Diane Kelber

Looking for things to do in L.A.? Ask us your questions and our expert guides will share highly specific recommendations.

Here’s what we suggest:

First and foremost, congratulations on 40 years of marriage! That’s a milestone definitely worth celebrating. Also, I hear you on not wanting to leave your dog for an extended period of time. Although you won’t be able to make it to Paris this time, hopefully we can bring glimpses of the romantic city to you here in L.A. I’ve compiled a list of spots for you to create your own adventure.

If you look closely enough, you can find slices of Europe in L.A. Or as my colleague Christopher Reynolds once put it, places that aim to “feed travel dreams or remind someone of home.” A prime example of this are the many French restaurants in the city where you can indulge in as many macarons, steak frites and beef bourguignon as you’d like. Two standout spots are Camélia and Pasjoli, both featured on the L.A. Times list of 101 Best Restaurants. Located in the downtown Arts District, Camélia merges French and Japanese cuisines. On the menu is uni pasta, hanger steak au poivre and a dry-aged burger with fries, which restaurant critic Bill Addison says doesn’t require any twists because “it’s simply a fantastic burger.”

Restaurant critic Jenn Harris says the Santa Monica-based Pasjoli “straddles the line between destination dining and the kind of neighborhood restaurant everybody wants to have down the street.” The eatery is best known for its tableside pressed duck, which the chef prepares in a theatrical fashion during dinner service. But if you’re not into duck, there are several other popular dishes on the menu, including French onion soup, steak frites, sole meuniere and what Harris calls “the best grilled cheese sandwich in the known universe” (though this might be a better option for your husband).

If you prefer a more laid-back vibe that makes you feel like you’ve been teleported to Saint-Germain-des-Prés in Paris, check out Figaro Bistrot in Los Feliz. As I wrote in a guide about neighborhood, the restaurant embodies the Parisian way of dining: guests linger over wine and good conversation.

Another L.A. spot that is reminiscent of Europe is the the Getty Center in Brentwood. Designed by architect Richard Meier, the sprawling hilltop complex is gleaming with manicured gardens, breathtaking city views and a museum, making it the perfect backdrop for a romantic date. Bring a blanket, your favorite snacks and have a picnic on the lawn near the central garden. The best part is that it’s free to visit (though reservations are required and parking rates vary depending on the time of day). For a more intimate experience, check out the Getty Villa in Malibu, modeled after the Villa dei Papiri in Herculaneum, Italy.

For a picturesque date that feels like you’ve been plopped onto a movie set, consider the Gondola Getaway in Long Beach. Here, a gondolier takes you on a loop around an enchanting residential Naples Island. Years ago, I went on a date there and I’ve been wanting to go back ever since.

Now for some rapid fire recommendations: Since you’re into theater, my colleague Lisa Boone suggests the Pasadena Playhouse, a Tony Award-winning theater, which is close to home for you. Times outdoors reporter Jaclyn Cosgrove also recommends drinks and dinner on the charming balcony at Checker Hall in Highland Park. Afterward, you can check out a live show next door at the Lodge Room. And because you love laughing, consider checking out Hollywood Improv, which hosts multiple events throughout the week.

Now, I know that these experiences aren’t Paris, but I hope they might help bring you and your husband a bit of what travelers feel when they’re there: excitement, adventure, passion and most importantly love. And when you’re with that special someone, I think you can capture those emotions no matter where you are. Happy anniversary!



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10 of the best affordable family adventures in Europe | Family holidays

Sea kayaking in Greece

Several companies offer affordable multi-activity trips for families in Greece, but if you’re looking for something less frenetic, and a bit more challenging for teenagers, how about Greek island-hopping by sea kayak? Running on regular dates through the summer months, Trekking Hellas’s three-day, two‑night odysseys in the Ionian Sea start in Nidri, on Lefkada, and paddle on past Skorpios to Meganisi, camping out at Lakka before continuing the next day to Mikros Gialos for a second night under the stars before turning for home. There are stops for swimming, resting and barbecues along the way, and some thrilling cave detours, but with about six hours of paddling a day, the minimum age is 14.
From €352pp including kayaking and camping equipment, guiding and meals (trekking.gr)

A stylish refuge in France

Photograph: Hemis/Alamy

The world’s most handsome bothy? Cabane de Varlossière in Savoie is a strong contender. This simple, unstaffed mountain refuge sits in a spectacular Alpine valley surrounded by craggy peaks and the echo of goat bells. A stone former shepherd’s hut, it has been renovated recently and would look at home in an interiors magazine. A stream runs beside it, and inside there are bunks for four, plus a wood‑burning stove (you’ll need to bring all your bedding, food and cooking equipment). To make a trip of it, start from pretty Saint-Martin-de-Belleville and hike two hours to Gittamelon, a cosy, staffed refuge in the valley below. Depending on your children’s ages and stamina, you could either stop there just for a drink or stay the night and walk on another hour to Varlossière the following morning. From here, you can either continue on to other refuges along the Grand Tour de Tarentaise hiking trail or retrace your steps to Saint-Martin.
Overnight stays at Cabane de Varlossière are free, but consider booking a guide (from €25 per adult for half a day) or add-on activities such as canyoning through the local guiding association. There is no website for the cabin, which is owned by the local commune

Forest camping in Germany

Photograph: Martin Keppler

Until recently, camping out amid the dense trees, towering waterfalls and lofty peaks of the Black Forest was prohibited. In 2017, however, the Trekking Schwarzwald initiative began setting up basic forest camps through the region, where semi-wild camping is allowed. Bookable from May to October, there are now 21 camps. Each has space for three tents, a fire pit and a compost toilet, and strict rules govern their use; bookings are from 5pm to 10am, stays are limited to a single night and all rubbish must be carried away. String a few camps together to make a longer adventure of it with older kids, or choose a less remote camp (Camp Gutellbach is about 2.5 hours’ walk from Baiersbronn) for a 24-hour expedition with younger adventurers.
From €12 a tent (up to three people) (trekking-schwarzwald.de)

Spot the eclipse in Spain

Karst formations near the Serranía de Cuenca. Photograph: Jam World Images/Alamy

Most accommodation has already been snapped up in dark-sky hotspots along the path of this year’s solar eclipse on 12 August, but there is still some availability among the simple wooden cabins at Cabañas El Llano de los Conejos, near Cuenca. They are set within a forest, and there’s a saltwater pool and children’s play area on site, a river beach nearby and direct access to child-friendly hikes, bike rides and kayaking. Between the Serranía de Cuenca and Alto Tajo natural parks, the surrounding land is spiked with karst formations that look like something sketched by Dr Seuss. The bigger ones also make perfect viewing points for skygazers (though make sure you’re wearing eclipse glasses).
From €1,050 for four people for seven nights over the week of the eclipse (llanodelosconejos.com)

Ride and rest in Slovenia

If your kids are avid cyclists, the Rest and Ride bike-friendly hotel in the far west of Slovenia will give them plenty of opportunities to pedal. Within the Soča valley, surrounded by forests and mountains, its bright, modern bedrooms and add-on breakfasts (€12pp) – big on homemade jam and “coffee strong enough to climb a hill on its own” – make it a homely base for rafting, kayaking, zip lining and hikes to waterfalls. Most guests come to explore on two wheels; mountain bikers, gravel lovers and road cyclists will find secure storage, a repair shop, pre-bookable bike hire for all ages and guiding services.
From €150 a night for an apartment sleeping four (rest-ride.com)

Packrafting in Luxembourg and Germany

Combining hiking, paddling and camping, packrafting offers families with older children a footloose, Swallows and Amazons freedom. Navigating the watery bounds of the Luxembourg-Germany border, guided two-day trips start with a paddle and hike among the forested sandstone cliffs and gorges of the Mëllerdall Geopark, then take in a night under canvas before returning to the starting point via a paddle down the Sauer River and a hike through the South Eifel nature park. While there are no age restrictions, participants must be 140cm or taller and able to carry a pack, so it’s more suited to older teens than younger children.
From €135pp including portable inflatable rafts, lifejackets and hiking backpacks. Camping equipment (€35pp) and food kits (€39pp) can be added on, or take your own (packraftluxemburg.com)

Slow camping in Italy

Photograph: Image Professionals/Alamy

If your children love camping but you’re less convinced, Abruzzo’s Rocca di Sotto campsite might just persuade you to give it another go. Set among terraces of olive and fruit trees an hour’s drive from Pescara, this 17-pitch farm campsite offers pre-erected tents as well as DIY pitches and a trio of simple log cabins. Cook up rustic outdoor dinners with supplies gathered from the site’s veg patch and chickens, go chamois-spotting on the surrounding slopes, or head out on hiking or cycling expeditions across the Campo Imperatore, a high plateau within the neighbouring Gran Sasso and Laga Mountains national park, nicknamed Little Tibet. Seasoned campers can opt for a “slow camp” experience, staying out in the wilds about 45 minutes’ walk from the main campsite.
Pitches from €32 a night for a family of four (with under-10s); €44 a night for pre-erected tents (roccadisotto.com)

Rail and sail to Rotterdam in the Netherlands

Photograph: Robert Harding/Alamy

Start the adventure straight from your door with a Dutchflyer rail and sail ticket from London, or any Greater Anglia station, to Hoek van Holland via Harwich. Combined train and ferry fares are cheaper than separate tickets, with easy changes for foot passengers, and Hoek van Holland is just half an hour from Rotterdam on the metro. The city’s Stayokay hostel, in Rubik’s Cube-like houses, reopens on 10 April after a renovation, providing a practical but memorable base for exploring this offbeat, culture-crammed city. There’s lots of outdoorsy fun too – Adventure City is the largest adventure park in Europe, with everything from climbing to ziplining.
Dutchflyer fares start from £68 each way for an adult or £34 for a child (under-5s are free; stenaline.co.uk). Stayokay Rotterdam has four-bed rooms from €115

Become a castaway in Sweden

Photograph: Lars Sjöqvist

When you arrive on the Swedish island of Nåttarö to stay in one of 50 simple wooden cabins spread out between birch and pine trees, life immediately switches to a slower pace. This salt-scented, light-soaked, car-free island, one of Sweden’s first marine nature reserves, feels excitingly remote and yet is easily reached from Stockholm; take a one-hour train to Nynäshamn, then use the ferry (mid-June to mid-August), or a taxi boat, to shuttle across the water. Facilities on Nåttarö stretch to a restaurant, shop and sauna, but mostly it’s a place to hike along quiet paths, swim and snorkel off white sand beaches, pedal along forest tracks to find the island’s cave (bike hire from £8pp), or hire kayaks and standup paddleboards (from £20pp).
Self-catering cabins from about £84 a night for four people (nattaro.se)

Stay in a border post in Montenegro

Set within the Komovi nature park, Hostel Mojan is a former military border post that has been converted into a simple mountain retreat. Rooms ranging from singles to twins, triples, quadruples and quintuples mean most shapes and sizes of family are catered for, and the menu is plump with local prosciutto, honey and polenta-like kačamak, making it an ideal base for biking, hiking and lake swimming. There’s also a football field and a basketball court on site.
Hostel Mojan has quadruple rooms from €85 room-only, with homemade dinners for about €10pp

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Trump says US does not need UK’s aircraft carriers for Iran war | Military News

United States President Donald Trump has posted on social media that he does not need the United Kingdom to deploy aircraft carriers to the Middle East, amid the ongoing war with Iran.

Saturday’s post on Truth Social follows a statement from the UK’s Ministry of Defence that one of its two flagship aircraft carriers, the HMS Prince of Wales, has been placed on “high readiness”.

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“The United Kingdom, our once Great Ally, maybe the Greatest of them all, is finally giving serious thought to sending two aircraft carriers to the Middle East,” Trump wrote.

“That’s OK, Prime Minister Starmer, we don’t need them any longer — But we will remember. We don’t need people that join Wars after we’ve already won!”

The post, with its reference to the UK as a “once great ally”, signals a deepening rift between the two countries that has emerged since Trump returned to office last year.

The divide appears to have deepened over the past week, as the US and Israel continue to hammer Iran as part of a war they launched on February 28.

The conflict has sparked fears across the Middle East, as retaliatory strikes from Tehran target US allies across the region.

Already, an estimated 1,332 people have been killed in Iran, and the US has confirmed the deaths of six of its service members. More deaths have been reported in countries like Lebanon, Kuwait, the United Arab Emirates and Iraq.

The UK government has increased its involvement in the war on Iran, widely considered illegal under international law.

The UK Defence Ministry, for instance, said on Saturday that the government of Prime Minister Keir Starmer had allowed the US to use its military bases for what it termed “limited defensive purposes”.

The bases include RAF Fairford in Gloucestershire and the Diego Garcia site in the Chagos Islands, located in the Indian Ocean. Initially, there had been reports that Starmer had blocked the US use of the bases.

In the immediate aftermath of the initial US-Israeli strike, Starmer appeared to blanche at the prospect of joining the war.

He and the leaders of France and Germany issued a joint statement, underscoring that any actions they might take would be defensive in nature.

“We will take steps to defend our interests and those of our allies in the region, potentially through enabling necessary and proportionate defensive action to destroy Iran’s capability to fire missiles and drones at their source,” the joint statement said.

“We have agreed to work together with the US and allies in the region on this matter.”

But Starmer has had to push back on domestic criticism both for and against joining the war.

On Monday, he told the UK Parliament, “We are not joining the US and Israeli offensive strikes”, citing the need to protect “Britain’s national interest” and “British lives”.

The war in Iran remains largely unpopular in the UK. The polling firm Survation conducted a survey over the last week of 1,045 British adults, in which 43 percent of respondents called the war not justifiable.

When asked if they supported Starmer’s initial decision not to allow the US to use UK bases, 56 percent of respondents approved. Only 27 percent said it was the wrong choice.

Thousands of protesters gathered outside the US Embassy in London on Saturday to call for an end to the ballooning conflict.

The US president, meanwhile, has upped his criticism of Starmer over the past week, further fraying relations with the UK government.

On March 3, for instance, Trump held an Oval Office meeting with German Chancellor Friedrich Merz, in which he said repeatedly he was “not happy with the UK”.

Of Starmer, Trump said, “This is not Winston Churchill that we’re dealing with.”

Trump has long admired Churchill, and last year installed a bust of the late UK wartime leader in the Oval Office, just as he had during his first term.

By contrast, Trump has issued a flood of criticism against Starmer, particularly for his 2024 decision to transfer control of the Chagos Islands to Mauritius.

The transfer came after the International Court of Justice found the UK acted unlawfully in 1965 by separating the islands from Mauritius to create a separate colony.

The deal with Mauritius allows the US and the UK to maintain a military base on Diego Garcia, part of the archipelago.

However, Trump has repeatedly slammed the transfer, writing on social media that “giving away extremely important land is an act of GREAT STUPIDITY”.

Tensions between the US and UK also rose in January after Trump told Fox News that NATO allies had “stayed a little off the front lines” during the US war in Afghanistan.

Starmer had responded that he found Trump’s comments “to be insulting and frankly appalling”.

The Trump administration has signalled it is pivoting away from its traditional European allies in favour of more politically aligned countries.

At a summit on Saturday with right-wing Latin American leaders, US Secretary of State Marco Rubio appeared to praise the attendees while casting shade on other allies.

“At a time when we have learned that, oftentimes, an ally, when you need them, maybe may not be there for you, these are countries that have been there for us,” Rubio told the summit.

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