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Middle East crisis live: Israel launches fresh attacks on Tehran and Beirut

Israeli airforce attacking cities simultaneously with a ‘wave of extensive strikes’ as soldiers are deployed on the ground in southern LebanonUS strikes on Iran triggered by Israel’s plan to launch attack, Rubio saysAnger with Hezbollah boils as war returns to weary BeirutUS secretary of state Marco Rubio has claimed the US attacked Iran after learning that Israel was going to strike, which would have meant retaliation against US forces.“We knew that if we didn’t pre-emptively go after them before they launched those attacks, we would suffer higher casualties,” he told reportersThe Air Force is now attacking Tehran and Beirut simultaneouslyThe Air Force has now begun a wave of extensive strikes against the Iranian terror regime and the Hezbollah terror organization. Continue reading...

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Spring forecast: Reeves to insist she has ‘right economic plan’; Markets plunge as Middle East crisis drives UK gas price to three-year high – live updates

Rolling coverage of the latest economic and financial news, including the UK’s spring forecastRachel Reeves’s plans could be hit by Middle East conflict, say economistsUK grocery price inflation has risen, showing that people are being hit in the pocket even before the surge in energy prices feeds through to the economy.Data provider Worldpanel by Numerator has reported that annual grocery inflation rose to 4.3% in February, after four consecutive months of falls, in a blow for households. That’s up from 4% in January.Sentiment towards BP and Shell has strengthened significantly off the back of oil price spikes. But it’s a complex picture. Neither company has production in Iran. But BP’s significant production in Iraq and Abu Dhabi risks being bottlenecked through disruption to the Strait of Hormuz. For Shell the same applies to its LNG facilities in Qatar and the Emirates. If a moderate sustainable regime is established in Iran, there is the potential for substantial derisking, and for prices to be rebased downwards. If sanctions are removed, it also opens the door for investment into Iranian oil fields.But uncertainty remains high. This could prove to be highly profitable for both Shell and BP’s trading arms with Shell’s optimisation capabilities in LNG transit likely to be in particularly strong demand. Shell’s balance sheet strength also leaves it better placed to deal with any prolonged volatility and while BP’s buybacks remain on pause, we’re expecting Shell’s generous payouts are likely to continue this year. Continue reading...

‘Treat us fairly’: skilled workers face having their dream of settling in UK snatched away

As government mulls doubling requirement to 10 years, the uncertainty is putting many who came to Britain to work under strainThey came to the UK to build better lives for their families and to work and contribute to British society. And they came with the promise that, after five years of playing by the rules, they would have the chance to get settled status.Now, many on the skilled worker visa – some of them only months from reaching that milestone – face having it snatched away from them under government plans to retroactively double the baseline period qualifying period for indefinite leave to remain to 10 years; plans they say amount to changing the rules of the game while the ball is in play. Continue reading...

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First wave of Europeans stranded by Iran conflict return home, with hundreds of thousands still left in region – Europe live

British, Czech, Italian and Polish media report first successful returns from Oman and the United Arab Emirates The family of the Italian defence minister, who was embarrassingly left stranded in Dubai in first hours of the war, has returned to Italy on last night’s return flight to Rome Fiumicino airport, local media reported.As we reported yesterday, Guido Crosetto returned on Sunday on an Italian state flight, which sparked further criticism, as hundreds of other Italians remain stuck in Dubai while he was evacuated alone. Continue reading...

Trump says ‘special relationship is obviously not what it was’ after Starmer’s refusal to back Iran strikes – UK politics live

Minister says UK not going to be ‘involved in a wider conflict’ despite US president’s frustration Reform UK’s treasury spokesperson, Robert Jenrick, has said Keir Starmer’s “failure to be a reliable ally” has placed the US-UK relationship “under a lot of strain”.Jenrick – who left the Conservative frontbench in January – told Times Radio:It’s bigger and deeper than one prime minister and one president and so I’m sure it can be built up again in the future.But it’s quite clear that the prime minister’s failure to be a reliable ally to the United States in this moment has placed it under a lot of strain, and that is a cause for concern.The UK’s actions and related support to its allies is solely focused on ending the threat of air and missile attacks against regional allies unlawfully attacked by Iran and who have not been involved in hostilities from the outset. Continue reading...