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Middle East crisis live: Trump says he wants to ‘take the oil’ in Iran and could seize Kharg Island ‘easily’ | US-Israel war on Iran
Key events
Oil prices rallied and stocks tumbled again on Monday as the Middle East crisis escalated with the entry of Yemen’s Houthis into the war and concerns the US will send in ground troops.
The surge in oil prices and the prospect of an extended conflict put more pressure on equities amid fears about a surge in inflation that could hit the world economy.
Tokyo sank more than 4% and Seoul more than 3%, while Hong Kong, Shanghai, Sydney, Singapore, Wellington, Taipei, Jakarta and Manila were also sharply down, reports Agence France-Presse.
The losses followed a bad day on Wall Street, where all three main indexes tumbled after the US and Israel struck Iranian nuclear sites.
“The market is now reacting to higher crude pricing and towards the fallout in the economic consequences,” wrote Pepperstone’s Chris Weston.
The Israel military is reportedly saying it is responding to missiles fired from Iran.
Qatar says there has been a garage fire in an industrial area and that civil defence has it has brought it under control.
No injuries were reported, the interior ministry said on X on Monday, without giving more details.
On Sunday Qatar and Bahrain said they had intercepted missiles and drones fired towards them.
Israel attacks regime sites across Tehran
The Israeli military has just said it is currently attacking the Iranian regime’s infrastructure “throughout Tehran”.
The brief post on X gave no further details.
Indonesia condemned the death of an Indonesian peacekeeper with the UN mission in Lebanon (Unifil) on Monday, after a projectile exploded at one of its positions near the southern Lebanese village of Adchit al-Qusayr on Sunday.
Indonesia’s foreign ministry said harm towards UN peacekeepers was unacceptable, and reiterated its condemnation of Israeli attacks in southern Lebanon, calling on all parties to respect Lebanon’s sovereignty.
South Korean airlines have asked their government to help redirect jet fuel exports to the domestic market, threatening half of Australia’s imports of the critical fuel after Chinese authorities earlier this month flagged export restrictions.
Amid deepening concerns across Asia about the impact of the escalating Middle East conflict, an official at South Korea’s transport ministry told the Guardian that “some domestic carriers” had asked authorities to redirect export-bound jet fuel back to the local market due to supply concerns.
Any move to restrict exports would hit import-dependent countries particularly hard. For instance, Australia sources roughly a quarter of its refined fuel imports from South Korea, including 18% of our total jet fuel imports.
China, which supplies a third of Australia’s jet fuel, has according to reports already moved to restrict fuel exports, although Chris Bowen, Australia’s energy minister, late last week said Chinese jet fuel supplies were assured until late April or early May.
The price of brent crude had now gone over $116 a barrel, while stock markets have slumped in Asia as investors dig in for a protracted Gulf conflict that could bring a spike in inflation and the risk of recession to much of the globe.
Brent crude was just over $70 a barrel when the war started last month and prices have risen by more than 50% since.
Iran’s de facto closure of the vital strait of Hormuz has sent prices for oil, gas, fertiliser, plastic and aluminium surging, along with fuel for planes and shipping.
Much of Asia is highly dependent on energy from the Middle East, making the region particularly vulnerable in the ongoing crisis.
Japan’s Nikkei shed another 4.7% early on Monday, bringing losses for March to almost 14%. South Korea’s market fell 4.2%.
Welcome summary
Hello and welcome to our continuing live coverage of the Iran war and its impact on the region, the world and the global economy.
Donald Trump has said his “preference would be to take the oil” in Iran and that US forces could seize the regime’s export hub on Kharg Island, the Financial Times is reporting, as the US sends thousands of troops to the Middle East.
The US president compares the potential move to Venezuela, where the US intends to control the oil industry “indefinitely” following its ousting of president Nicolás Maduro in January.
Trump said in the interview with the FT on Sunday:
To be honest with you, my favourite thing is to take the oil in Iran, but some stupid people back in the US say: ‘why are you doing that?’ But they’re stupid people.”
Such a move would involve seizing Kharg Island, through which most of Iran’s oil is exported, the FT report continues. But an assault on the export hub would be risky, raising the chances of more US casualties and extending the cost and duration of the war.
“Maybe we take Kharg Island, maybe we don’t. We have a lot of options,” Trump said.
The newspaper also quoted Trump as stressing that, despite his threats to seize Iranian oil production, indirect US-Iran talks via Pakistani “emissaries” were progressing well.
Here are more key developments:
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The UN peacekeeping mission in Lebanon said a peacekeeper was killed when a projectile exploded at one of its positions near the southern Lebanese village of Adchit al-Qusayr on Sunday. Another peacekeeper was critically injured, it said early on Monday.
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The Israeli air force intercepted two unmanned aerial vehicles launched from Yemen, the IDF has posted online.
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Benjamin Netanyahu announced an expansion of Israel’s invasion of southern Lebanon as his forces target Hezbollah. “I have just instructed to further expand the existing security buffer zone. We are determined to fundamentally change the situation in the north,” the Israeli PM said in a video statement from the northern command. Israeli forces are currently occupying the area south of the Litani River, and its destruction of key bridges connecting to the rest of Lebanon and forced displacement of residents have stoked fears of a protracted occupation.
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Pakistan will soon host talks between the US and Iran, its foreign minister said, as top diplomats from Pakistan, Saudi Arabia, Turkey and Egypt met in Islamabad to discuss ways to de-escalate the war. Neither Washington nor Tehran have yet commented.
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Earlier, Iranian parliament speaker Mohammad Bagher Ghalibaf said Iranian forces were “waiting” for US ground troops to arrive so they could “rain fire upon them”. It came after reports that the Pentagon is preparing for weeks of possible “ground operations” in Iran, and as thousands of US soldiers and marines arrive in the region.
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Power has reportedly been restored across parts of Iran after Israeli strikes hit “electricity infrastructure”, Iran’s energy minister said.
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The International Atomic Energy Agency confirmed that Iran’s heavy-water production plant at Khondab – which Israel attacked on 27 March – had “sustained severe damage and is no longer operational”. In a post on X, the agency added that the Khondab heavy water research reactor “contains no declared nuclear material”. The Israeli military had described the site as a “key plutonium production site for nuclear weapons” when it bombed the facility on Friday.
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A fire at an industrial site in southern Israel has been been brought under control, hours after being declared a “hazardous materials incident” in the area. The IDF said the fire at the Neot Hovav industrial complex may have been caused by “a weapon fragment or interceptor fragment”.
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Iranian supreme leader Mojtaba Khamenei thanked the Iraqi people and religious leadership for their support of Iran “in the face of aggression”, Iranian state media reported, without saying how this message was conveyed. More than three weeks on from his appointment as supreme leader, Khamenei has still not been seen or heard from in public since he was injured in the US-Israeli airstrike that killed his father, the late ayatollah Ali Khamenei, his wife and son on the first day of the war.
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On Palm Sunday, the Pope said God rejected the prayers of leaders who started wars and had “hands full of blood”, in an apparent rebuke to Trump’s administration.
UK News
Remove VAT from energy bills for three years, Tories urge
Representatives from Shell, BP, Lloyds of London, shipping giant Maersk, and banks such as HSBC and Goldman Sachs are set to join the meeting to discuss how the government and private sector can work together to reduce the impact of the war on the cost of living.
UK News
Monsters in the Archives by Caroline Bicks review – the writing secrets of Stephen King | Stephen King
When Caroline Bicks first met Stephen King she was worried. As a teenager she had scared herself silly with his books – Carrie and The Shining were the two that crept under her skin and refused to budge – but now she found herself in the odd position of being Stephen E King professor at the University of Maine. King had endowed the chair at his alma mater in 2016 for the study of literature, and Dr Bicks was a Harvard-trained Shakespeare specialist. What, beyond a name, would they really have in common?
At the time of her appointment, Bicks’s employers had told her not to initiate contact with the famous author in any way. But four years into the job she got a phone call from “Steve” who turned out to be a teddy bear: “I couldn’t believe it. The man responsible for terrifying generations of readers – including me – was so … nice.” Not quite a meet-cute, but promising.
This book is Bicks’s account of what happened when King gave her permission to spend a year in his archive, poring over the drafts of five of his most popular novels, including Pet Sematary, The Shining and Carrie. Bicks’s particular aim is to spot what she calls King’s “biblio‑magic” in action. She wants to identify how he chooses and places words with the intention of producing material effects on the reader’s body. How, exactly, does he make hearts beat faster, stomachs lurch and palms prickle with sweat? In On Writing, his classic how-to text of 2000, King calls what he does “telepathy in action” and Bicks wants to catch him in that act.
There is no shortage of raw material for her to chew through. King’s archive is attached to the house in Bangor, Maine, which he bought with his wife, Tabitha, in 1980. Two professional archivists care for his working papers, which are catalogued and kept in a climate-controlled environment. King started writing long before the days of traceless computer editing, so the bulk of the archive consists of multiple typewritten drafts pecked out on his wife’s portable Olivetti. The huge advantage here is that these early manuscripts have gathered to themselves extra richness in the form of handwritten marginalia, in-text edits, back and forth exchanges with copy-editors, all before you get to final proofs. The result is exactly the kind of textual mulch to gladden any literary scholar’s heart.
Bicks quickly spots what she is after in the editorial interventions on Pet Sematary, King’s novel of 1983 which many fans think is the scariest, certainly the bleakest, he ever wrote. There’s a moment early in the book where a tangle of fallen tree branches turns into a pile of moving bones. In an early draft, King writes “fingerbones clittered”, which the copy-editor circles and asks “Word OK?” King in turn replies “Word OK. A clitter is a very soft, ghostly clatter.” And there you have it. Clitter – softly insinuating – is so much scarier than a crash-bang clatter.
In the same manuscript, Bicks also finds the novelist resisting the copy editor’s attempts to replace the word “rattly” which King has used to describe the laboured breathing of the novel’s dying two-year-old protagonist, Gage Creed. The copy editor suggests “congested” would be better. But King knows that rattly contains within itself a whole ghastly set of subliminal associations including scavenging vermin and unquiet ghosts with their infernal chains. Congested is something a coroner would write.
This is the kind of close reading usually associated with academic lit crit, so it can feel odd to find it in a book aimed at King’s ardent fanbase. But Bicks deftly interweaves textual analysis with more general biographical data, gleaned from her conversations with King, both in person and via email. When she queries why the margins on the drafts of his early novels are so narrow, he explains that it was to save on the cost of paper. In the early 1970s King and his wife were broke. He was working as a high school instructor and putting in extra shifts in the launderette while Tabitha did nights at Dunkin’ Donuts. Paper was a luxury, especially at the rate King got through it (a lot ended up in the bin).
These frugal habits lasted even once success arrived. King tells Bicks about the time that his only copy of the final draft of The Dead Zone (1979) accidentally got picked up at the airport by a woman who had mistaken his bag for hers. Only after a cross-country rescue mission was the manuscript safely retrieved. But if ever there was a case for splashing out on a photocopier, or at least some carbon paper, this was surely it.
King’s thriftiness endured because his 1974 breakthrough with Carrie felt like it might be a fluke. By now he had been publishing short stories for eight years and had completed three novels without success. When Carrie was finally accepted (the news came by telegram because the phone had been cut off) the Kings were able to swap their trailer for a flat. The paperback rights soon sold for $400,000, enough for King’s mother, Ruth, who had raised him singlehandedly, to leave her low-paid job. Within a year Carrie had sold a million copies, but Ruth King was dead from cancer.
It is in Bicks’s close reading of Carrie that we most clearly see her interests converging with King’s. One of her academic books, Cognition and Girlhood in Shakespeare’s World, concerns the interior lives of characters such as Juliet and Ophelia, who are on the verge of puberty. Bicks argues that, far from being regarded by Shakespeare as passive or pathological, these girls’ developing adolescent brains are catalysts for some of the plays’ most vital discussions about body and soul, faith and salvation. And it is through this lens of what she calls “brainwork” that Bicks approaches Carrie, a novel that famously hinges on a schoolgirl whose first period unleashes a sudden and violent expansion of her telekinetic abilities.
Of particular interest to Bicks is the change between King’s two main drafts. In an earlier version, Carrie, brutally bullied for not realising her period had arrived, finds her body becoming devilish. Horns begin to sprout on her forehead while her skull elongates so that, in the end, she resembles a monstrous lizard. Her revenge is nothing less than an Armageddon as she flies through her small-town community dispensing carnage, even managing to down a passenger plane. (King tells Bicks that he had modelled this first draft on a schlocky film from 1957 called The Brain from Planet Arous.) The second draft is closer to the finished text. Now it is Carrie’s consciousness that becomes the story’s “centre of gravity – a site of dynamic mental exchanges with the other main characters”.
Some of King’s “constant readers” may find themselves skipping these passages to get to the next bit of biographical revelation (his early drinking problem, say, or the fact that he thought Jack Nicholson was woefully miscast in Stanley Kubrick’s adaptation of The Shining). But for those with the patience to follow Bicks’s more erudite detours into Stephen King’s monstrosity, there is much to relish in this highly original book.
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'I dread the phone ringing': Inside the kennels responding to vicious XL bully attacks
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