Tuesday, March 10, 2026

Pakistan has rolled out a series of austerity measures to tackle its shrinking oil reserves

Intro:

Pakistan has rolled out emergency measures to reduce energy consumption, including closing schools for two weeks and mandating work from home for private and public employees. 

The South Asian country relies heavily on oil imports from the Middle East, and escalating tensions between Iran and the US have disrupted shipments passing through the Strait of Hormuz. 

Hira Mustafa has more.

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India says "no shortage" of cooking gas, even as businesses report supply challenges

Intro:

Amid the war in Iran and mounting pressure on global fuel supplies, New Delhi is reassuring Indian households that cooking gas will not run out.

Reports of delays in LPG cargoes stuck near the Strait of Hormuz have sparked fears of shortages and rising prices, as India relies on the Middle East for most of its imports.

Ishan Garg tells us more from New Delhi.

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Asia markets rebound, oil dives as Trump says Iran war could end soon

INTRO: Hong Kong stocks rose and oil prices fell in Asia on Tuesday following US President Donald Trump signalling that the Iran war could be drawing to a close.

Japan's Nikkei 225 and South Korea's Kospi both jumped as well, but investors remain jittery about what will happen next. Laura Westbrook reports from Hong Kong.

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Monday, March 9, 2026

Suspect named in Rihanna house shooting

Police in Los Angeles have identified the woman accused of opening fire outside the home of pop star Rihanna.

Authorities say the Florida woman was arrested shortly after the shooting and now faces attempted murder charges.

Ira Spitzer reports.


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Anthropic sues Trump administration

Anthropic has sued the Trump administration after it placed the artificial intelligence company on a national security blacklist. 


The Pentagon has designated Anthropic as a supply chain risk, after it refused to remove guardrails against using its AI for autonomous weapons or domestic surveillance.


Kate Fisher reports from Washington


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Trump says he’s ‘not happy’ with Iran’s new pick for Supreme Leader

US President Donald Trump says he's not happy with Iran's new pick for Supreme Leader.  But in an interview with the New York Post, he refused to say what he would do about it. Mojtaba Khamenei was chosen by a group of clerics to replace his late father Ayatollah Ali Khamenei - who was killed on the first day of the war.
Nick Harper reports from Washington.

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​Oil prices spike, stocks sink as uncertainty over Iran settles in

Oil prices are spiking as the war in Iran intensifies and fears mount that there will be a prolonged disruption to global energy supplies. The Strait of Hormuz - where about a fifth of the global oil supply transits - has been effectively shuttered since the war began. And major Middle East producers are shutting down production as they run out of storage.  Toni Waterman has more.

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G7 finance ministers meet as oil prices surge

The G7 Finance Ministers are meeting to discuss ways to ease global
oil pressures as prices surged following the continued conflict in the
Middle East.

Nick Harper reports from Washington.

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Two in Custody After IED Thrown During Protest Outside NYC Mayor’s Home

Two men are in custody and the FBI is investigating after a man threw an improvised explosive device during protests outside the home of New York Mayor Zohran Mamdani.

It is one of three devices being investigated by authorities, following an anti-islam protest at the weekend.

Mitch McCann reports from New York:

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Oil Prices Surge As War in Middle East Hits Global Economy

Oil prices have surged in the biggest single-day spike in six years, passing $100 a barrel for the first time since 2022, as the war in the Middle East continues.

UK Prime Minister Keir Starmer has warned that the longer the conflict in Iran goes on, the more likely the potential impact will be on Britain's economy. 


Business commentator Declan Curry says disruptions to the flow of oil caused by the war are resulting in prices jumping: 


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The UK's FTSE 100 index fell sharply on opening Monday morning. 


British Prime Minister Keir Starmer has pledged to protect households from rising costs, and says he is monitoring the situation:


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Putin congratulates new leader of Iran, assures ‘unwavering support’ to Iranian friends

Putin congratulated Mojtaba Khamenei on his election as Iran's Supreme Leader, confirming Russia's 'unwavering support for Tehran'. In the published telegram the Kremlin communicated Putin's solidarity with the Iranian people amidst challenging times. Daria Bondarchuk reports from Moscow.

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G7 TO DISCUSS OIL RESERVES AMID SPIKING PRICES

UK Chancellor Rachel Reeves will join a G7 finance ministers' call on Monday, to discuss the impacts on the global economy of the Iran conflict.

They're expected to talk about the possibility of a joint release of oil reserves as prices spike.

UK Prime Minister Keir Starmer says the government is looking into actions it may need to take domestically.

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Pressure To Call Off UK Royal State Visit To US

There's growing pressure to call off King Charles' state visit to the US next month.

The leader of the Liberal Democrat party wants the UK government to postpone the trip, because of the Iran conflict.

Sir Ed Davey also says President Trump's recent negative comments and actions against the UK and their allies can also not be ignored.


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US embassy exposition in Norway possible act of terrorism

According to Norwegian police, an explosion at the U.S. embassy may
have been an act of terrorism.

Nobody was injured in the blast that only caused minor damage in the
early hours of Sunday morning.

Europe correspondent William Denselow reports.

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Asia stocks down sharply as oil spikes

INTRO: Japan's Nikkei average fell 7 per cent to a two-month low on Monday, as a surge in oil prices fanned inflation fears.

South Korean shares slumped 8 per cent and the country's President Lee Jae Myung called for authorities to cap domestic fuel prices for the first time in nearly 30 years.

Stock markets in Hong Kong and mainland China also opened down. Laura Westbrook reports from Hong Kong.

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Indian Foreign Minister scheduled to address Iran crisis in parliament amid opposition's criticism

Intro:

India's Parliament reconvenes today for the second phase of the Budget Session but the conflict in Iran is set to dominate proceedings.

The opposition has been accusing New Delhi of siding with the US and Israel after Prime Minister Narendra Modi condemned Iran's retaliatory strikes but stopped short of criticising Washington and Tel Aviv's bombardment of Iranian targets.

Ishan Garg has more from New Delhi.

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Friday, March 6, 2026

High fuel prices put pressure on Trump administration over Iran

US drivers are feeling the pain at the pump due to the conflict in Iran, with gasoline prices rising more than 11% in the past week.


The price spike has put pressure on the Trump administration, which has sought to downplay the impact.


Ira Spitzer reports.


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Trump demands Iran's "unconditional surrender"

US president Donald Trump says there will be "no deal" with Iran
except "unconditional surrender".

The latest comments from the US leader come as the American and
Israeli bombardment of Iran continues for a seventh day.

Nick Harper reports from Washington.

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U.S. Economy Loses Jobs in February, Raising Concerns About Labor Market

A fresh report on U.S. employment has shown a far worse result than expected, leading to concerns about the nation's job market.

In recent months, the Federal Reserve has cut interest rates in an attempt to stimulate the job market, but the approach might not be having the success officials had hoped for.

Mitch McCann reports.

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Democrats pushing for Kristi Noem to be investigated, possibly impeached

Democrats are vowing to investigate and possibly impeach Kristi Noem over the decisions she made while serving as Homeland Security Secretary. Noem had been the top official carrying out President Donald Trump's aggressive crackdown on immigration until she was fired by him on Thursday - the first cabinet member to lose their job in Trump's second term. Toni Waterman has more from Washington.

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