At the same time, Washington moved to ease pressure on global energy markets by temporarily lifting sanctions on Iranian oil already loaded onto tankers, allowing sales until 19 April. Officials estimate the measure could release around 140 million barrels of crude, helping to stabilise prices amid supply disruptions linked to tensions in the Strait of Hormuz.
Despite these signals, fighting has continued. Iran launched fresh drone and missile attacks on Saudi Arabia and Israel, while also reportedly firing two long-range ballistic missiles towards the US–UK base at Diego Garcia, underscoring its expanding capabilities. Neither missile struck its target.
The conflict has intensified following Israeli strikes on Iran’s South Pars gas field, prompting Tehran to escalate attacks on regional energy infrastructure and shipping routes. Oil flows remain constrained, driving up global fuel and food prices.
Key points
- Israel launched fresh air strikes on Beirut and southern Lebanon, targeting Hezbollah, with casualties reported in southern towns.
- Saudi Arabia intercepted 22 Iranian drones overnight, highlighting continued aerial threats across the region.
- The United States temporarily eased sanctions on Iranian oil shipments already at sea to stabilise global supply, despite Tehran insisting it has no surplus crude.
- Iran denied involvement in attacks in Oman and Turkey, while its leadership claimed its enemies were being weakened in the conflict.
- Explosions were reported in Tehran, while air raid sirens sounded across Israeli cities following missile threats.
- Iranian-linked drone strikes hit major energy infrastructure in Kuwait and Qatar, causing fires and significant economic damage.
- The conflict is driving global economic strain, with surging fuel prices, rising bond yields, and governments introducing emergency measures to offset costs.