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US markets witnessed a significant downturn on Thursday, marking their biggest slump since the onset of the US-Israel war with Iran. The Dow closed 450 points down, while the S&P 500 dipped 1.7%. The tech-heavy Nasdaq fell 2.3%, plunging into correction territory, which occurs when an index falls at least 10% below its most recent peak. The conflict has led to a surge in oil prices, reaching levels not seen since Russia's invasion of Ukraine in 2022. At the end of the day on Thursday, Brent crude oil, the global benchmark, was about $107 a barrel, while US crude hit $93 a barrel. Average US gas prices at the pump reached $3.98 a gallon, according to AAA. Despite the soaring prices, Donald Trump said that oil prices “have not gone up as much as I thought” during a cabinet meeting on Thursday. He predicted that prices would “come back down to where it was, and probably lower,” and that the impact on the stock market would reverse once the conflict ends. Markets have been growing weary of Trump's mixed signals on the US's stance in negotiations with Iran. Stocks dipped on Thursday morning after Trump posted a warning to Iranian negotiators that they “better get serious, before it’s too late.” However, later in the morning, Trump said that there were “very substantial talks” happening with Iran and that the country allowed 10 oil tankers to pass the blocked strait of Hormuz. The White House announced it will extend a pause on Iranian energy infrastructure strikes by 10 days, until 6 April. A new report estimates US inflation will average 4.2% this year, compared with an average of about 2.6% in 2025, according to the Organization for Economic and Cooperation and Development (OECD). The increase in inflation reverses what was expected to be strong growth for the global economy before the conflict began.

Donald Trump has launched a scathing attack on the UK's military capabilities, describing its aircraft carriers as 'toys' compared to those of the US. Speaking at the White House, Trump claimed that the UK had offered to send two aircraft carriers to support US military actions against Iran, but he had rejected the offer, saying 'Don't bother, we don't need it.'The comments have sparked a fresh row between Trump and UK Prime Minister Keir Starmer, who has refused to engage directly with the US president's repeated insults. Starmer has emphasized his focus on addressing the UK's domestic priorities, including the cost of living crisis, and has reiterated his commitment to defending British interests while avoiding escalation.Tensions between the US and UK have been rising over Nato's role in the conflict with Iran. Trump has expressed disappointment with Nato allies, accusing them of not doing enough to support the US. He also criticized Starmer for not providing sufficient support, saying 'He's not exactly Winston Churchill.'In response, Starmer has reaffirmed the UK's commitment to its Nato allies while emphasizing the need to address the threat posed by Russia. During a visit to Finland, Starmer warned of a 'war on two fronts' – Ukraine and Iran – and highlighted the importance of cooperation between Nato allies to counter these threats.The UK has deployed a warship, HMS Dragon, to the eastern Mediterranean in response to an Iranian-made missile launch from Lebanon at a UK RAF base in Cyprus. Officials are also considering deploying a Royal Navy vessel to support efforts to reopen the Strait of Hormuz, a critical waterway for global energy supplies.

Rebecca Hendin, a renowned cartoonist, has created a thought-provoking cartoon for The Guardian, satirically addressing Donald Trump's 15-point peace plan. The cartoon, published on March 26, 2026, offers a visual commentary on Trump's claims of pursuing peace in the Middle East, particularly in the context of US-Israel relations and Iran.The illustration, available on The Guardian's website, uses satire to critique the former US President's foreign policy initiatives. While specific details of the cartoon are not provided, it is part of The Guardian's series of opinion cartoons that offer critical perspectives on global issues.This work by Rebecca Hendin is part of a larger conversation about peace plans and international relations in the Middle East, a region that has seen significant conflict and political shifts over the years. The cartoon serves as a reflection of public opinion and media discourse on these critical issues.

US President Donald Trump has reiterated claims that negotiations are underway with Iran, contradicting Tehran's assertion that such claims are 'fake news'. This development comes amid heightened tensions between the US and Iran.In a recent escalation of hostilities, at least 12 people were killed and 28 wounded in an airstrike targeting southern Tehran. The incident is part of a series of US and Israeli attacks on Iranian territory.The situation underscores the fragile state of US-Iran relations, with both sides engaging in a war of words and actions. Trump's claims of ongoing talks with Iran have not been substantiated, adding to the uncertainty and heightened tensions in the region.

The United States Department of State has approved a significant arms deal worth $16.5 billion to Gulf states, including the United Arab Emirates, Kuwait, and Jordan. This move comes as tensions between the US and Iran continue to intensify. The deal includes $8.4 billion worth of arms to the United Arab Emirates, which will be used to purchase drones, missiles, radar systems, and F-16 aircraft. Additionally, the US has approved roughly $8 billion for air and missile defense radar systems to Kuwait. Jordan will receive an additional $70.5 million to cover aircraft and munition support. The State Department stated that the proposed sale will support the foreign policy and national security objectives of the United States by improving the security of a major defense partner. The UAE is considered a force for political stability and economic progress in the Middle East. This arms deal comes amid ever-increasing tensions between the US and Iran. The administration of US President Donald Trump joined Israel in attacking Iran on February 28, prompting fears of a protracted regional conflict. The war has also caused energy prices around the world to surge. Iran has largely choked off tanker shipments through the Strait of Hormuz, a waterway through which a fifth of the world’s oil and gas travels. Gas prices in the United States have jumped from $3.10 per gallon ($0.82 per litre) on average this time last month to $3.88 ($1.02 per litre) on Thursday, according to the American Automobile Association (AAA). The principal contractors in Thursday’s proposed sales will include RTX Corporation, Northrop Grumman, and Lockheed Martin Corporation. Despite the deals, all three companies’ stocks are trending downward on Wall Street. The Pentagon is seeking more money to fund the war, with the US Department of Defense seeking an additional $200 billion, according to The Associated Press. Defense Secretary Pete Hegseth acknowledged that he was seeking a significant spending boost from Congress.

A humanitarian aid flotilla, dubbed the 'Nuestra America' or 'Our America' convoy, has arrived in Cuba to alleviate the island nation's struggles amid a severe US energy blockade. The first vessel, carrying approximately 30 people, along with essential supplies such as food, medicine, solar panels, and bicycles, docked in Havana, the capital city.The convoy set out from Mexico last week and is part of a broader effort to support Cuba, which has been facing widespread blackouts and an economic crisis due to the US embargo that has been in place for decades. The energy restrictions have significantly impacted Cuba, cutting off vital economic lifelines and contributing to the current crises.US President Donald Trump's administration has been vocal about its desire for regime change in Cuba, using energy restrictions as a tool to further degrade the Cuban economy. The US blockade has resulted in a nearly total ban on petroleum imports over the last three months, exacerbating the island's energy woes.Cuba's Deputy Minister of Energy and Mines, Argelio Abad Vigo, stated that the island, which produces only about 40 percent of the fuel it needs, has gone for three months without access to vital supplies of diesel, fuel oil, petrol, jet fuel, and liquefied petroleum gas. A February YouGov poll found that 46 percent of people in the US disapprove of the energy blockade, while 28 percent support it.The humanitarian aid effort, though described as 'a drop in an ocean of need,' represents a gesture of solidarity with the Cuban people. The convoy's arrival and the participation of over 650 participants from 33 countries who arrived on the island last weekend, demonstrate international support for Cuba during this challenging time.

US President Donald Trump has asserted that negotiations to end the war on Iran are ongoing, claiming Tehran is eager to make a deal. Speaking at the White House, Trump stated the US is talking to 'the right people' about a potential agreement, mentioning a 'very big present' related to 'oil and gas' allegedly gifted by Tehran. Trump's claims come as fighting continues, with Iran launching attacks on Israel and a strike near Iran's Bushehr nuclear plant. Iran's parliament speaker, Mohammad Baqer Ghalibaf, had previously dismissed Trump's claims as 'fake news.' Media reports suggest Washington has sent Iran a 15-point plan to end the war, which includes ending Iran's nuclear program and reopening the Strait of Hormuz. A Reuters/Ipsos poll found 61% of Americans disapprove of the attacks on Iran, while 35% approve. Iran's Ministry of Foreign Affairs acknowledged receiving messages from 'friendly countries' indicating a US request for negotiations. Negar Mortazavi, a senior non-resident fellow at the Center for International Policy, stated Iran would seek to end the war on its 'own terms,' including establishing deterrence and economic gains. Despite Trump's diplomatic efforts, Israeli military spokesman Effie Defrin said Israel's war plan remains 'unchanged,' aiming to 'deepen the damage and remove existential threats.' The US is reportedly preparing to send thousands of soldiers to the Middle East, fueling fears of a longer conflict.

The ongoing conflict between the United States and Iran has led to a war of words over whether negotiations are taking place to end the hostilities. US President Donald Trump asserts that 'productive' talks have occurred with a top Iranian figure, but Iranian officials, including Parliamentary Speaker Mohammad Bagher Ghalibaf, vehemently deny these claims.The conflicting narratives raise questions about the motivations behind each side's statements. An analysis of what each side stands to gain from negotiations and a potential end to the conflict may provide clarity. Trump's comments on negotiations may be aimed at calming stock markets and oil prices, which have fluctuated significantly due to the conflict.The timing of Trump's comments coincides with the end of the trading week and a five-day deadline he gave for a positive response from Iran. This has led some to speculate that the US may be using talk of negotiations as a strategy to buy time for more US troops to arrive in the Middle East, potentially for a ground invasion of Iranian territory.From Iran's perspective, the economic pain inflicted on the US and global economies serves as a deterrent against future attacks. Therefore, it is in Iran's interest to downplay any talk of negotiations to maintain pressure on the US.Trump faces a dilemma between extending the war and suffering economic and political costs or ending it and facing criticism for not completing what he termed a 'short-term excursion.' The Iranian state, on the other hand, appears to have less incentive to end the war without establishing an effective deterrent against future attacks.The conflict has already resulted in over 1,500 deaths in Iran, significant infrastructure damage, and strained relations with Gulf neighbors. Moderate voices in Iran may argue that some form of deterrence has been achieved, and it may be time to talk and secure concessions.

Iran has assured that 'non-hostile' vessels can safely pass through the Strait of Hormuz, a vital shipping route for about one-fifth of the world's oil and liquified natural gas supplies. The assurance comes amid a significant collapse in maritime traffic through the strait, which has contributed to a major global energy crisis.In a statement released through its mission to the United Nations, Iran specified that ships would be allowed to transit the strait 'provided that they neither participate in nor support acts of aggression against Iran and fully comply with the declared safety and security regulations.'The development follows a sharp decline in shipping traffic through the strait, with only about 5 vessels passing through daily, compared to an average of 120 daily transits before the US-Israel conflict began. This reduction has led to a surge in global energy prices, with Brent crude experiencing significant fluctuations.Iran's statement also mentioned that ships will be allowed to transit 'in coordination with the competent Iranian authorities.' The country has shared similar assurances with the International Maritime Organization (IMO), the UN body responsible for international shipping safety and security.The move comes as US President Donald Trump mentioned ongoing negotiations to end the conflict with Iran, despite Tehran's previous denials of talks. The situation remains complex, with global markets closely watching for any signs of resolution.