U.S.-Iran information at the moment: Reside updates

The U.S. is poised to ship extra forces to the Center East at the moment, navy leaders stated, whereas suggesting that the warfare might proceed longer than the four- to five-week timeline that Trump floated a day earlier.

In preparation for attainable armed battle towards Iran, the U.S. in current weeks had preemptively deployed hundreds of service members from all navy branches, together with dozens of refueling tankers and a number of service strike teams, whereas establishing essential provide flows, Joint Chiefs of Employees Chairman Gen. Dan Caine stated on the Pentagon.

“And the stream of forces continues at the moment. Actually, [Commander of U.S. Central Command Adm. Brad] Cooper will obtain extra forces even at the moment,” Caine stated.

Requested what number of troops are at present concerned and what number of are anticipated to be despatched, Caine declined to be particular.

However he stated “extra tactical aviation” is getting into the theater, and added, “I feel we’re nearly the place we wish to be when it comes to complete fight capability and complete fight energy.”

Hegseth then responded to a query about Trump’s comment Sunday that the operations might final round 4 weeks.

“It is the everyday, typical NBC type of gotcha-type query,” Hegseth stated.

“President Trump has all of the latitude on the earth to speak about how lengthy it might or might not take. 4 weeks, two weeks, six weeks. It might transfer up. It might transfer again. We will execute at his command the targets we have got down to obtain,” Hegseth stated.

— Kevin Breuninger

Shares began the week off with losses after the U.S. and Israel attacked Iran over the weekend.

The Dow Jones Industrial Common dropped 543 factors, or 1.1%. The S&P 500 misplaced 1.1%, and the Nasdaq Composite futures declined 1.6%.

— Sean Conlon

Airways have canceled hundreds of flights for the week within the Center East.

The cancellations continued Monday, with 1,560 flights scrubbed, or 41.28% of these scheduled for arrival in Center East international locations, in line with aviation knowledge agency Cirium.

Tons of of hundreds of passengers stay stranded.

The United Arab Emirates had probably the most flight cancellations within the area, with 774, in line with Cirium. Dubai Worldwide Airport within the UAE is without doubt one of the busiest airport hubs on the earth.

The airport authority that owns and manages airports in Dubai stated a small variety of flights can be permitted to function from Dubai Worldwide and Dubai World Central – Al Maktoum Worldwide, however suggested vacationers to examine with their airways.

Airspace stays closed in lots of Center Jap international locations. Cirium famous that some smaller airways haven’t up to date their schedules to formally cancel flights or have merely not flown the flights.

— Michele Luhn

New Norwegian Cruise Line CEO John Chidsey stated the corporate is carefully monitoring gasoline prices as crude oil costs bounce.

“As for gasoline costs, the longer-term influence stays unsure,” he stated on an earnings name Monday. “Nonetheless, we’re at present roughly 51% hedge for 2026, 27% hedge for 2027, which helps mitigate near-term volatility.”

Chidsey stated the corporate doesn’t at present have cruises working within the affected areas however will probably be monitoring the state of affairs carefully.

— Contessa Brewer and Michele Luhn

As transit by the Strait of Hormuz involves a standstill, oil is caught on vessels that may’t exit the Persian Gulf.

Roughly 77 million barrels of oil have been loaded onto tankers at present sitting within the Persian Gulf, in line with Kpler knowledge. The oil ready to transit is at its highest degree in six years, and there are a further 88 million barrels of capability on vessels nonetheless within the area.

Collectively, it represents about 10 days’ value of shipments, the agency stated, that means there is a “finite buffer earlier than the halt in vessel actions severely bottlenecks international exports.”

Brent crude, the worldwide oil benchmark, final traded at $79.22 per barrel, up 8.7%.

— Pippa Stevens

Air Power Gen. Dan Caine, chairman of the Joint Chiefs of Employees, stated the U.S. expects to maintain extra navy casualties because the widespread combating within the Center East continues.

“This isn’t a single in a single day operation,” Caine stated on the Pentagon.

“The navy targets that [U.S. Central Command] and the Joint Power have been tasked with will take a while to realize, and in some circumstances, will probably be tough and gritty work,” he stated.

“We anticipate to take extra losses and, as at all times, we’ll work to reduce U.S. losses.”

Protection Secretary Pete Hegseth gave the same warning: “An effort of this scope will embrace casualties. Conflict is hell.”

— Kevin Breuninger

U.S. Protection Secretary Pete Hegseth stated that the warfare in Iran will not be being waged in an effort to overthrow Tehran’s ruling regime — however he pointed to the deaths of Iranian leaders which have resulted from the operations to this point.

“Seems the regime who chanted ‘Dying to America’ and ‘Dying to Israel’ was gifted dying from America and dying from Israel,” Hegseth stated throughout a press briefing on the Pentagon.

“This isn’t a so-called regime-change warfare, however the regime certain did change, and the world is best off for it,” Hegseth stated.

The “clear” mission of the U.S. marketing campaign dubbed “Operation Epic Fury,” he stated, is to destroy Iranian navy threats and nuclear capabilities.

“Israel has clear missions as nicely, for which we’re grateful,” Hegseth stated.

— Kevin Breuninger

The Strait of Hormuz is not solely very important for oil — it is a key waterway for refined merchandise, too, and costs are outpacing the good points in crude. Whereas oil jumped about 9% on Monday morning, European diesel costs surged 20%.

Tanker visitors by the slim waterway has come to a standstill, whereas Saudi Arabia’s Ras Tanura — a key refinery within the area — was hit by a drone.

Heating oil futures within the U.S., that are a proxy for diesel costs, jumped 14.5% on Monday morning. The gasoline is also known as the workhorse of the financial system, on condition that it powers vans and trains.

4 U.S. service members have now died as a part of the navy battle in Iran and the Center East, U.S. Central Command stated Monday morning.

The most recent fallen service member succumbed to their accidents after being “critically wounded throughout Iran’s preliminary assaults,” Central Command stated in a put up on X.

“Main fight operations proceed and our response effort is ongoing. The identities of the fallen are being withheld till 24 hours after subsequent of kin notification,” it stated.

— Kevin Breuninger

Senior U.S. navy officers are set to temporary reporters on the Pentagon concerning the newest developments on their navy operations within the Center East.

Protection Secretary Pete Hegseth and Chairman of the Joint Chiefs of Employees Gen. Dan Caine will lead the briefing, which is ready to start at 8 a.m. ET.

— Kevin Breuninger

FedEx warned prospects that shipments may very well be delayed after it suspended flights at main airports within the Center East. The transport large operates a hub in Dubai and, in February 2024, it introduced a $350 million funding in a facility there.

Pickups and deliveries in Bahrain, Kuwait, Iraq, Qatar and United Arab Emirates “have been briefly suspended till additional discover,” FedEx stated, warning that different markets within the space might expertise delays.

“We’re carefully monitoring the state of affairs and can resume providers as quickly as it’s secure to take action,” FedEx stated.

— Leslie Josephs

QatarEnergy introduced in an announcement seen by CNBC that it has “ceased manufacturing of liquefied pure fuel” and “related merchandise,” citing navy assaults on the corporate’s working services in Ras Laffan Industrial Metropolis and Mesaieed Industrial Metropolis within the state of Qatar.

QatarEnergy is without doubt one of the world’s largest LNG producers, with a complete manufacturing capability of 77 million metric ​tons each year.

Qatar has been focused by Iranian counterstrikes on its capital Doha, its airport, and different civilian and state infrastructure.

— Emma Graham

Officers from Russia and China’s International Ministries have condemned the U.S.-led strikes however have stopped in need of pledging navy or civilian help to Tehran. That exposes the onerous limits of Iran’s “strategic partnerships” with Moscow and Beijing, specialists say.

Learn extra on the story right here: Why Iran mustn’t depend on allies Russia and China to return to its support

— Holly Ellyatt

Container transport giants have been compelled to difficulty contemporary steering for vessels transiting maritime corridors within the Center East, together with the strategically very important Strait of Hormuz.

The waterway, which is situated between Oman and Iran and connects the Persian Gulf with the Arabian Sea, is taken into account some of the vital arteries for international commerce.

Danish transport firm Maersk and German container transport agency Hapag-Lloyd each stated over the weekend that they might droop all vessel crossings within the Strait of Hormuz till additional discover, amid the deteriorating safety state of affairs.

Peter Sand, chief analyst at Xeneta, informed CNBC on Monday that larger container transport charges needs to be factored in for the Center East area a minimum of for so long as the battle persists, including there may be “no actual different” to ocean freight.

— Sam Meredith

Three U.S. F-15 fighter jets crashed over Kuwait in what appears to be like to be a pleasant fireplace incident, U.S. Central Command stated Monday. Not one of the aircrew had been damage.

“Throughout energetic fight — that included assaults from Iranian plane, ballistic missiles, and drones — the U.S. Air Power fighter jets had been mistakenly shot down by Kuwaiti air defenses,” Centcom stated in an announcement.

“All six aircrew ejected safely, have been safely recovered, and are in steady situation. Kuwait has acknowledged this incident, and we’re grateful for the efforts of the Kuwaiti protection forces and their help on this ongoing operation.”

The reason for the incident is underneath investigation and extra info will probably be launched because it turns into out there, Centcom stated.

— Azhar Sukri

“When and the way will this finish?” is the query everyone seems to be asking because the Center East disaster gathers tempo with no clear finish in sight, Carl Bildt, former prime minister of Sweden and the co-chair of the European Council on International Relations, informed CNBC on Monday.

“The top of this explicit battle, if there may be such a factor, will, in fact, form each Iran and the area for years to return. Key query is, will the regime survive or will it collapse?” Bildt informed CNBC’s “Squawk Field Europe.”

“If [the Iranian regime] survives, in what explicit type and what explicit form, and if it collapses, is {that a} collapse into chaos, or is that collapse right into a transition to one thing that’s considerably extra steady?” he stated.

The collapse of a regime overseeing a rustic of 90 million folks would have “profound implications for the steadiness of the complete area” Bildt stated. “So it’s a watershed occasion within the historical past of the area, with a extremely unsure end result.”

Bildt referred to as the U.S.’ determination to strike Iran a “warfare of alternative” reasonably than necessity, and one which was borne out of stress from Israel and sensing a weakened Iranian regime amid ongoing protests. He stated Iran’s determination to strike again at targets throughout the Center East, and past U.S. bases, was “shocking, but in addition extremely disturbing.”

— Holly Ellyatt

Emirates and Etihad have briefly halted all flights into and out of their hubs within the United Arab Emirates on Monday.

“On account of a number of regional airspace closures, Emirates has briefly suspended all operations to and from Dubai, up till 1500hrs UAE time on Tuesday, 3 March,” Emirates stated in an advisory on its web site.

“The state of affairs stays dynamic and is assessed constantly. We urge all prospects to evaluation the most recent operational updates on emirates.com and examine their e-mail for any notifications about modifications or cancellations to their flights earlier than travelling to the airport,” Emirates stated.

The UAE’s different main service, Etihad Airways, additionally stated it was suspending flights.

“Regional airspace closures proceed to influence Etihad Airways’ operations, and all flights to and from Abu Dhabi are suspended till 14:00 UAE time on Tuesday 3 March,” Etihad stated on its web site.

In the meantime, Jordan introduced a partial and short-term closure of its airspace.

— Azhar Sukri and Emma Graham

Amrita Sen, founding father of Vitality Elements, informed CNBC’s “Europe Early Version” this morning that oil markets are more likely to maintain at round $80 a barrel for now after an preliminary spike, noting, “we have sort of stabilized a bit of bit,” and including, “I do assume we’ll maintain round that 80 degree for a while proper now,” as there was no direct hit to core Gulf vitality infrastructure.

The larger concern is the Strait of Hormuz. Sen stated Vitality Elements calculates that “about 15 million barrels” per day of oil and “about 80 million tonnes of LNG” handed by the strait final yr. Whereas she doesn’t anticipate Iran to formally shut the waterway, she warned that “what the U.S. won’t be able to do is management these one-off assaults on tankers.”

These incidents are “sufficient to sort of make the market extraordinarily cautious about sending vessels in,” creating delays and disruption.

Sen stated costs would seemingly keep close to present ranges except there may be “precise harm to vitality infrastructure.” With out that, she stated, the market holds regular — however “additional harm and sure, we go up.”

— Spriha Srivastava

Ayatollah Ali Khamenei’s dying following joint U.S.-Israeli airstrikes has thrust Iran’s management into the pressing course of of choosing a brand new supreme chief.

Beneath Iran’s structure, the supreme chief is appointed by the Meeting of Consultants. When the place turns into vacant, the meeting convenes to deliberate and choose a successor. The choice requires a easy majority vote.

Within the interim, a provisional three-member management council assumes the supreme chief’s duties till a substitute is formally appointed.

On Sunday, native media reported that the short-term council contains President Masoud Pezeshkian, Judiciary Chief Gholam-Hossein Mohseni-Ejei and Ayatollah Alireza Arafi, who serves because the Guardian Council’s consultant.

On Polymarket, merchants are pricing Mohseni-Ejei because the slim front-runner at roughly 18%. Different prime contenders embrace Arafi and Iranian cleric Hassan Khomeini.

Learn the total story right here.

— Lee Ying Shan

Saudi Aramco’s Ras Tanura refinery has been hit by a drone, an business supply has informed CNBC.

The ability had been closed as a precaution amid the continued battle within the area.

The supply says a small fireplace has been contained and is underneath management.

Saudi Aramco didn’t instantly reply to an emailed request for remark.

— Emma Graham

European shares are anticipated to begin the brand new buying and selling week firmly in damaging territory as international markets drop after the U.S. and Israel launched widespread assaults on Iran on the weekend.

The U.Ok.’s FTSE index is seen opening 0.6% decrease, Germany’s DAX down 1.5%, France’s CAC 40 down 1.4% and Italy’s FTSE MIB 1.2% decrease, in line with knowledge from IG. Learn extra.

— Holly Ellyatt

Amazon Internet Providers stated Sunday it was working to repair a disruption it suffered within the United Arab Emirates after unidentified “objects” struck certainly one of its knowledge facilities, sparking a hearth and resulting in an influence minimize.

It comes because the UAE is being focused by Iran’s retaliatory missile and drone strikes following U.S. and Israeli assaults on the nation over the weekend.

AWS stated on its well being dashboard that the difficulty had led to some ongoing connectivity disruptions, however prospects had been capable of reroute to unaffected zones.

In its newest replace, AWS stated it nonetheless didn’t have an estimated time for energy restoration. “We’re investigating extra connectivity points and error charges within the ME-CENTRAL-1 Area [UAE],” the corporate stated.

— Dylan Butts

Loud blasts had been heard for a 3rd day in Dubai and Abu Dhabi. CNBC’s group within the United Arab Emirates stated the explosions occurred shortly after 9 a.m native time.

The UAE’s Ministry of Defence stated in a put up on X that the nation’s air drive and air defence models had intercepted “165 ballistic missiles, two cruise missiles and 541 Iranian drones for the reason that begin of the Iranian assault.”

Among the many areas focused had been Dubai’s iconic Burj Al Arab lodge, the Fairmont Lodge on the Palm, Jebel Ali Port, Abu Dhabi’s Etihad Towers and the worldwide airports within the two emirates.

— Emma Graham

Iran’s safety chief Ali Larijani stated that Tehran has no plans to interact in negotiations with the USA.

“We is not going to negotiate with the USA,” the previous adviser to the late supreme chief stated in a put up on X, dismissing studies that it’s in search of to restart negotiations with Washington.

“Trump has plunged the area into chaos along with his ‘false hopes’ and is now frightened about additional casualties of American troops,” he wrote in an earlier put up.

— Lee Ying Shan

Kuwait’s Director Common of Civil Protection stated Monday that the nation’s Air Protection forces had efficiently intercepted a majority of hostile Iranian drones approaching its borders by maritime routes.

The Kuwaiti official additionally confirmed that no accidents had been reported from the interception operations, in line with a report by state-backed media.

In line with the Gulf Cooperation Council, Iran unleashed waves of drones and missiles on a number of Arab nations, together with Kuwait, the United Arab Emirates, Bahrain, Saudi Arabia, Oman, and Qatar, over the weekend.

Since then, international locations like Bahrain and the UAE have reported profitable interceptions of lots of of Iranian drones.

In line with Bahrian officers, the assaults have included Iran’s Shahed-136 sort drones, an inexpensive, regionally made drone that may act like a guided missiles that journey to a predetermined goal.

— Dylan Butts

The United Arab Emirates recalled its ambassador from Iran Monday and shuttered its embassy in Tehran in response to missile strikes over the weekend that it stated focused civilian infrastructure, together with Jebel Ali Port and airports in Dubai and Abu Dhabi.

The UAE Ministry of International Affairs additionally summoned the Iranian Ambassador and delivered a observe of protest over what it described as “terrorist assaults.”

Abu Dhabi downgraded ties with Tehran in 2016 after assaults on Saudi diplomatic missions in Iran. Relations deteriorated additional after the UAE joined the Abraham Accords in 2020.

In recent times, nonetheless, ties had begun to enhance. The UAE’s nationwide safety advisor, Sheikh Tahnoon bin Zayed al Nahyan, visited Tehran in 2021, in a uncommon transfer aimed toward warming ties.

About half 1,000,000 Iranians are estimated to reside within the Emirates, a lot of them in Dubai. The Emirate is residence to an Iranian hospital, a minimum of one Shiite mosque in Jumeirah and quite a few companies promoting Iranian items. Regardless of periodic diplomatic strains, the 2 international locations have maintained vital buying and selling ties. Iran and the UAE are additionally at odds over three contested islands within the Persian Gulf.

Saudi Arabia, which just lately restored diplomatic relations with Iran in 2023 underneath a deal brokered by China, additionally condemned the assaults on the Gulf States and summoned its ambassador from Tehran.

— Emma Graham

A bunch of Center Jap international locations and the U.S. issued a joint assertion Sunday night time stateside, condemning Iran’s missile and drone assaults and affirming their proper to self-defense.

“The Islamic Republic’s actions symbolize a harmful escalation that violates the sovereignty of a number of states and threatens regional stability. The focusing on of civilians and of nations not engaged in hostilities is reckless and destabilizing habits,” in line with the assertion.

“We stand united in protection of our residents, sovereignty, and territory, and reaffirm our proper to self-defense within the face of those assaults. We stay dedicated to regional safety and commend the efficient air and missile protection cooperation that has prevented far better lack of life and destruction.”

— Anniek Bao

U.S. Secretary of State Marco Rubio is scheduled to replace prime leaders of the Senate and Home at 4 p.m. ET on Monday.

This comes on the again of coordinated strikes by the USA and Israel on Iran, and Tehran’s retaliation that has seen it goal U.S. bases within the area, together with these within the UAE and Saudi Arabia.

— Lee Ying Shan

Israel Protection Forces stated they had been retaliating towards Lebanon-based militant group Hezbollah for focusing on Israeli civilians.

“In response to projectile fireplace towards northern Israel, the IDF is placing Hezbollah targets throughout Lebanon,” the IDF stated in assertion posted on X.

“Hezbollah is working on behalf of the Iranian regime, opening fireplace towards the Israeli civilians, and bringing smash to Lebanon. IDF troops have ready for such a situation as a part of Operation ‘Roaring Lion’, and are ready for an all-fronts situation,” the assertion learn.

The IDF in 2024 killed Hezbollah’s chief Hassan Nasrallah, who had led the Iran-backed militant group for greater than three a long time.

— Vinay Dwivedi

The U.Ok. has granted permission for the U.S. to make use of its navy bases within the Center East in an effort to destroy Iranian missiles and missile launchers, Prime Minister Keir Starmer stated in an deal with on Sunday posted to X.

Starmer framed his determination as certainly one of self-defense.

The transfer follows Iranian strikes throughout the area which have put British pursuits, residents and allies in hurt’s method, regardless of the U.Ok. not having been concerned within the preliminary U.S. and Israeli assaults on Iran, the prime minister stated.

“All of us bear in mind the errors of Iraq, and we have now discovered these classes,” Starmer stated. “We weren’t concerned within the preliminary strikes on Iran, and we is not going to be part of offensive motion now.”

“However Iran is pursuing a scorched earth technique,” he added. “So we’re supporting the collective self protection of our allies and our folks within the area. As a result of that’s our responsibility to the British folks. It’s one of the simplest ways to get rid of the pressing menace and forestall the state of affairs spiraling additional.”

Towards this backdrop, the U.Ok.’s determination to permit the U.S. to make use of its bases is in keeping with worldwide legislation, he stated.

— Greg Iacurci