Middle East Conflict

The United States has temporarily redeployed its THAAD missile defense system from Seongju, North Gyeongsang Province, to the Middle East, drawing attention in Seoul and Washington. An opinion piece in The Korea Times argues that concerns over this move are overstated and reflect the alliance's strategic flexibility. This follows North Korea's launch of 10 ballistic missiles during joint South Korea-US drills on March 14.

March 21, 2026 Reported by AI

The Union des Armateurs à la Pêche Française (UAPF) and the Association nationale des Organisations de Producteurs (ANOP) warn of challenges from soaring diesel prices since the Middle East conflict. Some vessels operate at a loss while others may stay docked. They await suitable government aid.

President Luiz Inácio Lula da Silva announced on March 12, 2026, the exemption of federal taxes on diesel to prevent price hikes amid Middle East tensions involving Iran, the United States, and Israel. The measure, costing around 30 billion reais, will be funded by a new tax on oil exports. Experts view the initiative as reasonable in the short term, though it has electoral implications.

March 12, 2026 Reported by AI

The ongoing conflict in the Middle East has not directly driven up coffee prices, which remain stable amid predictions of record harvests. However, spikes in oil prices are increasing freight, energy, and fertiliser costs, posing indirect risks to the coffee industry. Escalating tensions between the US, Israel, and Iran have led to the closure of the Strait of Hormuz, disrupting global supply chains.

Global airlines are increasing ticket prices as jet fuel costs soar due to the US-Israel conflict with Iran. Airspace closures in the region are forcing reroutes and cancellations, exacerbating the disruptions. Oil prices have fluctuated sharply, impacting carriers worldwide.

March 10, 2026 Reported by AI

Sri Lanka has indefinitely postponed a six-match limited-overs cricket series against Afghanistan scheduled in the UAE due to ongoing Middle East conflict. The decision stems from flight disruptions and regional fighting. This would have been Afghanistan's first bilateral series hosting Sri Lanka.