Middle East: US–Israel War on Iran
US F‑15E Downed Over Iran; Crew Rescued
Source: apnews.com
The United States confirms that both crew members from an F‑15E shot down over Iran have now been rescued in separate operations. This is reported as the first known US aircraft downed by Iranian fire since the joint US–Israel war on Iran began on 28 February.
Trump Issues Ultimatum Over Strait of Hormuz
Source: apnews.com
President Donald Trump delivered an expletive‑laden ultimatum to Iran, threatening to bomb power plants, bridges, and other infrastructure starting Tuesday if Tehran does not reopen the Strait of Hormuz, calling for the waterway to be “open.”
Strikes Hit Civilian Infrastructure and Health Facilities
Source: lemonde.fr
US and Israeli forces have increasingly targeted Iranian civilian infrastructure in the current war. The World Health Organization has condemned more than 20 verified attacks on health‑care facilities in Iran since the conflict began.
Hormuz Blockade and Dedicated Air Campaign
Source: en.wikipedia.org
The conflict includes a specific US air campaign aimed at forcing open the Strait of Hormuz, forming part of a broader “Strait of Hormuz crisis” within the 2026 Iran war.
Regional Spillover and Displacement
Source: washingtonpost.com
Fighting between Israel and Hezbollah has intensified during the wider conflict, prompting more than 200,000 people to flee from Lebanon into Syria.
Energy and Global Markets
Oil Surges on Strait of Hormuz Shutdown
Source: apnews.com
The closure of the Strait of Hormuz has pushed oil prices above roughly $110–$115 per barrel, driving fuel price spikes worldwide. Eight OPEC+ members say they will raise production in May, but the move is being overshadowed by shipping disruptions through the strait.
Japan’s Yields Hit 25‑Year High Amid Energy Shock
Source: ainvest.com
Japan’s 10‑year government bond yield has risen to about 2.4%, its highest level in 25 years. The Hormuz blockade and higher oil prices are intensifying inflation risks and boosting market expectations of a Bank of Japan rate hike this month.
UK Easter Fuel Crunch
Source: share-talk.com
The United Kingdom is facing petrol and diesel shortages over the Easter weekend. Diesel prices are reported to be up around 30% since US operations against Iran began in February, with warnings of further strain on supplies.
Equities Under Pressure from Tariffs and War
Source: touchstonepublishers.com
Commentary on the first quarter notes that the S&P 500 has experienced one of its worst starts to a year in recent times. Investors are unsettled by uncertainty over new global tariffs, oil shocks linked to the Middle East war, and concerns around AI‑related disruption.