Comprehensive coverage of US-Iran war with latest updates as it happens brought you by Financial Chronicle in collaboration with NewsDive
03/09/2026, 8:02:03 PM, (Sri Lanka Time)
- Russia and China have pledged unwavering support to Mojtaba Khamenei amid the ongoing war.
- EU leaders held a video conference with Middle East leaders to assess the escalating war situation.
- NATO intercepted another Iranian missile over Turkish airspace, highlighting the regional security concerns.
- US Senator Lindsey Graham expressed strong support for the US war effort, indicating potential economic gains.
03/09/2026, 7:04:16 PM, (Sri Lanka Time)
Military Developments:
- Israel and the US have launched large-scale airstrikes targeting Iranian regime infrastructure.
- Iran retaliated with missile and drone attacks on Gulf nations, including a significant strike on America’s largest military base in the Gulf, Al Udeid Air Base in Qatar.
- NATO intercepted Iranian ballistic missiles over Turkish airspace twice in recent hours.
- A torpedoed Iranian warship, Iris Dena, was reportedly offered sanctuary in India.
- Casualties continue to rise, with Iran reporting over 1,255 deaths, mostly civilians. The US has lost its 7th soldier in the conflict recently.
- Mojtaba Khamenei, son of the late supreme leader, has been named the new supreme leader of Iran amid the ongoing war. This transition has drawn international attention and reactions, including from China and Russia.
Political and Diplomatic Updates:
- Former US President Donald Trump has promised a “mutual” decision with Israeli Prime Minister Netanyahu on when the war will end.
- The White House reportedly sent a “WTF” message to Israel following an Israeli strike on an Iranian oil field, indicating tensions even among allies.
- G7 nations are holding emergency meetings on oil as stock markets plunge due to the conflict.
- EU leaders are set for meetings amid soaring oil prices and the escalating war.
- China opposes targeting Iran’s new supreme leader, while Russia has congratulated Mojtaba Khamenei.
- Hundreds gathered in Union Square, New York, to protest the escalating US and Israel-backed war in Iran.
Economic Impact:
- Oil prices have surged past $100 a barrel, driven by fears of supply disruptions due to the conflict.
- Stock markets worldwide have plunged amid uncertainty and rising energy costs.
- Bahrain’s state-owned energy company declared force majeure after Iranian strikes targeted the country’s oil infrastructure.
- Iran’s strategic oil island has become a focal point in the conflict, affecting global energy security.
- Reports suggest the US is spending approximately $2 billion per day on the war effort in Iran.
- US and Israeli military companies are profiting significantly from the ongoing conflict.
Links:
- Where things stand after another weekend of war – The Washington Post
- Is the Iran war really costing the US $2bn per day? – Al Jazeera
- Iris Dena: Torpedoed Iranian warship was offered sanctuary in India – BBC
- US-Israel war on Iran: A brief history of mission creep and false promises – Al Jazeera
- G7 nations to hold emergency meeting on oil as stock markets sink – BBC
