Reside: Trump-Iran showdown dangers worst international power disaster in many years, IEA warns

[ad_1] 23/03/2026 - 04:00 Greenback rises as escalating Center East conflict spurs haven demand

23/03/2026 - 03:51 Asian shares tumble as Trump offers Iran 48-hour ultimatum Shares tumbled Monday and oil costs rose after Donald Trump and Iranian leaders traded threats over the important thing Strait of Hormuz, whereas Israel stated the Center East conflict might final a number of extra weeks.

23/03/2026 - 03:43 Oil steadies as traders weigh up US, Iran threats to amenities, eased sanctions Oil costs have been little moved on Monday as traders weighed how US and Iranian threats to focus on power amenities that might escalate the conflict stack up in opposition to the discharge of thousands and thousands of barrels of seaborne

Iranian oil to international markets after Washington briefly eliminated sanctions.

23/03/2026 - 03:27 Blasts heard in Tehran, Iran media studies Iranian information businesses reported explosions in capital Tehran early Monday morning, with Fars saying airstrikes had occurred in a number of areas.

"Explosion heard in Tehran," native media Mehr posted on Telegram.

Fars reported that "airstrikes focused areas of Tehran", specifying 5 areas and that "horrible sounds of explosions have been reported".

23/03/2026 - 03:26 IEA chief says a minimum of 40 power belongings 'severely' broken in Mideast conflict The top of the Worldwide Vitality Company stated Monday that a minimum of forty power belongings had been "severely or very severely" broken within the Center East as a result of conflict within the area.

"Not less than forty... power belongings within the area are severely or very severely broken throughout 9 nations," Fatih Birol instructed the Nationwide Press Membership in Australia's capital.

23/03/2026 - 03:18 Israeli navy says it has begun a wide-scale wave of strikes concentrating on Iranian infrastructure in Tehran Israel's navy stated it launched a "wide-scale wave" of strikes on the Iranian capital early Monday morning.

"The IDF has begun a wide-scale wave of strikes concentrating on Iranian terror regime infrastructure in Tehran," the Israeli navy posted on Telegram utilizing its official acronym.

23/03/2026 - 03:01 No nation will probably be immune' to results of worldwide power disaster: IEA chief The worldwide economic system is below "main risk" from the power disaster attributable to the Center East conflict, Worldwide Vitality Company chief Fatih Birol stated Monday, warning that "no nation will probably be immune" to its results.

Talking on the Nationwide Press Membership in Australia's capital, Birol in contrast the present power disaster to these of the Nineteen Seventies and the impression of Russia's 2022 invasion of Ukraine.

"This disaster as issues stand is now two oil crises and one fuel crash put all collectively," he stated.

"The worldwide economic system is going through a serious, main risk right now, and I very a lot hope that this problem will probably be resolved as quickly as doable," Birol added.

"No nation will probably be resistant to the consequences of this disaster if it continues to go on this path. So there's a want for international efforts," he stated.

23/03/2026 - 02:56 Iran threatens to retaliate in opposition to Gulf power and water after Trump ultimatum Iran warned it could strike power and water infrastructure throughout the Gulf if US President Donald Trump follows by on his risk to assault its electrical energy grid, elevating fears of mass disruption in a area closely depending on desalination for ingesting water.

Trump set a Monday deadline of round 7:45 p.m. EDT (2345 GMT), warning late on Saturday that the USA would strike Iran’s energy vegetation until Tehran totally reopened the Strait of Hormuz inside 48 hours.

23/03/2026 - 02:44 World might face worst power disaster in many years, IEA chief warns The conflict within the Center East might see the world face its worst power disaster in many years, Worldwide Vitality Company chief Fatih Birol warned Monday, describing the scenario as "very extreme".

"Many people bear in mind the 2 consecutive oil crises within the Nineteen Seventies... at the moment, in every of the disaster, the world has misplaced about 5 million barrels per day, each of them collectively, 10 million barrels per day," Birol instructed the Nationwide Press Membership in Australia's capital.