Middle Orient

Iran Update Morning Special Report, March 7, 2026

Key Takeaways Iran continued drone and ballistic missile attacks on Gulf states despite President Masoud Pezeshkian’s order to suspend strikes unless attacks on Iran originated from their territory. The combined force has continued to target Basij bases in Tehran to degrade the regime’s ability to maintain domestic control. The Basij …

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Oil prices spike in Iran war’s second week

Israeli-US strikes on Iran and its retaliation against Gulf countries escalated over the weekend, sending oil prices towards $120 a barrel in early trading on Monday, and weighing down on the immediate economic outlook for the region and the world. Brent crude contracts peaked at $119.40 per barrel at around …

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