Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer is under growing pressure to endorse US and Israeli strikes on Iran, with British ministers refusing to say whether the joint attack was legal as the conflict continued into its second day. … Read more
Iran appears determined not to fight the last war again. After last year’s 12-day war with Israel — in which large barrages from Iran were heavily intercepted and launchers destroyed — Tehran has recalibrated its missile doctrine. In firing back at Israel, it has shifted from headline-grabbing salvos to a steadier campaign designed to stretch … Read more
Hours after Iran confirmed the killing of Ayatollah Ali Khamenei, the man who had personified the Islamic republic for nearly four decades, senior leaders assumed to be in hiding appeared one by one on state television in a bid to project continuity and defiance. Top political and military figures insisted the succession process for a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is oil market analyst and founder of Base Research Most traders seem to have bet on only a modest probability of major oil market disruptions if war broke out in Iran. Even as … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For a US president who returned to office pledging to bring wars to an end, Donald Trump is developing quite a taste for unleashing American power. His war against Iran dwarfs all his other interventions … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil prices are expected to jump between 5 and 15 per cent when the market reopens on Sunday evening in New York, as traders weigh the short-term impact of a near halt to energy flows … Read more
Air travel across the world remained heavily disrupted on Sunday, with thousands of flights cancelled and tens of thousands of travellers left stranded, on a second day of chaos sparked by the US and Israeli attacks on Iran. Airports in Dubai, the world’s busiest terminal, and Doha remained closed while airlines across the Middle East … Read more
As Donald Trump has over the past year started a trade war, attacked US institutions including the Federal Reserve and threatened allies over Greenland, global growth has proved resilient. Inflation has continued to subside and equity markets in Europe and elsewhere have marked fresh highs despite the shocks. Now, as the US and Israel’s assault … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US-led invasions of Afghanistan and Iraq in 2001 and 2003 underlined the dangers of “regime change” wars. But those operations look meticulously planned, compared to the current US and Israeli assault on … Read more
Donald Trump’s attempt to overthrow the Iranian regime a year after the start of his second term as president cements his transformation from a sceptic of intervention to an avid user of American power abroad. It is a risky gambit. The prospect of the Iranian regime’s collapse could trigger unbridled retaliation by the remnants of … Read more