Trump: US could take Iran's oil, seize Kharg Island
United States President Donald Trump has said the U.S. could seize Iran’s oil, as it continues to send troops to the region. Trump’s “preference would be to take the oil”, he told the Financial Times. The U.S. Department of War is currently preparing for weeks of ground operations in Iran, the Washington Post reported. “To be honest with you, my favourite thing is to take the oil in Iran but
US consumer sentiment reaches 3mth low
United States consumer sentiment has reached a three-month low in March, as the war in the Middle East flares up inflation worries and casts a shadow over the economic outlook. According to research from the University of Michigan, the Consumer Sentiment Index fell to 53.3 in March 2026, down from 56.6 in February and below last March’s 57. The research also found that sentiment decreased ac
Carnival predicts US$500m hit to profits from fuel costs
Cruise operator Carnival Corporation reported record revenue last quarter, but has forecast an over US$500 million (A$726.4 million) hit to its full-year profits due to surging fuel costs. Carnival’s adjusted earnings per share were US$0.20, up from $0.13 one year ago and beating Zacks consensus estimates of $0.18. Revenue was $6.17 billion, rising from $5.81 billion and above estimates by 0.97
Yemen's Houthis attack Israel, threaten to close Red Sea
Yemen’s Iran-backed Houthis have launched missile strikes against Israel, their first intervention in the United States and Israel’s war on Iran. The Israeli military said that its aerial defence system had intercepted the threat. These strikes were in support of Iran’s government and its ally Hezbollah, according to the Houthis. The strike was launched “in view of the continued military esc
Iran war intensifies as Pakistan offers to host talks
Pakistan has signalled its willingness to host peace talks between the United States and Iran, as the Middle East conflict intensifies and competing military and diplomatic strategies raise uncertainty over a potential resolution. Speaking following discussions with regional foreign ministers, Pakistan’s Foreign Minister Ishaq Dar said Islamabad was preparing to facilitate “meaningful talks” ai
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