Updated 2:11 AM EDT,
Tue March 31, 2026
• Tanker attacked: A fully loaded Kuwaiti tanker in Dubai waters was hit by Iranian drone attack, as Trump again threatened to blow up Iran’s energy sources if the Hormuz Strait isn’t reopened fully.
• Energy costs: On Tuesday, oil prices rose slightly while Asian markets were trading lower. WTI Crude, the US benchmark, settled above $100 per barrel on Monday for the first time since July 2022,
•“Confines of the law”: Asked about Trump’s threat, the White House press secretary said the US military will follow the law. Attacking civilian infrastructure could be a war crime, experts warn.
• CNN analysis: Ivan Watson looks at why the nation trying to broker US-Iran peace talks risks being drawn into the conflict. Read more.
14 Posts
57 min ago
By Lex Harvey
No oil leakage or injuries have been reported following the strike on a Kuwaiti tanker full of oil in Dubai waters, city authorities said Tuesday.
Earlier, the Kuwait Petroleum Corporation warned of the possibility of an oil spill after the large crude carrier “Al-Salmi” was attacked by Iranian forces while anchored off Dubai, according to Kuwaiti state news agency KUNA.
The vessel was struck 31 nautical miles northwest of Dubai, according to UK’s maritime authority (UKMTO).
The strike ignited a fire aboard the vessel, which Dubai authorities later extinguished. The incident has now been contained, authorities said.
1 hr 58 min ago
Why the country attempting to broker US-Iran peace talks risks being drawn into the conflict
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud, left, shakes hand with his Pakistani counterpart Ishaq Dar, prior to their meeting, in Islamabad, Pakistan, on Sunday. Pakistan Ministry of Foreign Affairs/AP
Islamabad, Pakistan — In the month since the US and Israel began their aerial bombing campaign of Iran, thousands of people have been killed across at least nine countries in a rapidly escalating conflict that is costing economies billions of dollars a day. The world is facing a global energy crisis.
But the scale of this war could get much, much worse.
Iran has fired salvos of drones and missiles at Saudi Arabia, as well as fellow Gulf Cooperation Council members Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman.
Yet, so far, none of these countries have retaliated against Tehran.
Read Ivan Watson’s full analysis here.
2 hr 7 min ago
Four soldiers killed in combat in Lebanon, Israeli military says
Israel’s military said Tuesday that four additional soldiers were killed and two were wounded during combat in southern Lebanon.
Ten Israeli soldiers have now been killed during Israel’s latest offensive targeting Hezbollah in Lebanon, which began just after the start of the war with Iran.
Earlier this month, Israeli forces occupied areas south of the Litani River and told Lebanese residents to leave the land as part of a broader assault after Iran-backed Hezbollah fired projectiles into Israel. Israeli strikes on Lebanon have killed 1,238 people since March 2, the Lebanese health ministry said Sunday.
2 hr 10 min ago
Power outages in Tehran after blasts, explosions seen in Isfahan
By Zulfaqar Samra, Teele Rebane and Todd Symons
The Iranian city of Isfahan appeared to have come under heavy bombardment overnight into Tuesday, while there were reports of explosions and initial power outages in the capital Tehran.
A video posted on social media, and geolocated by CNN, shows a series of large explosions in Isfahan. The minarets of city’s Grand Mosalla mosque can be seen in the foreground of the footage.
State media also reported explosions in eastern and western parts of Tehran, with the state-affiliated Fars news agency saying there were initial power outages in the city, caused by shrapnel striking a substation. The news agency later reported that power was restored.
Early Tuesday morning Israel’s military issued a warning to residents of Tehran saying it would strike the Vard Avar area “in the coming minutes.” The online warning was posted on X in the Farsi language, but it’s unlikely to have been seen by people in Tehran, as there was an internet blackout in place in Iran since the war began.
2 hr 27 min ago
Asian stocks fall as oil prices rise
By John Liu
A man walks past an electronic quotation board displays numbers of the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on Tuesday. Kazuhiro Nogi/AFP/Getty Images
Oil prices rose slightly on Tuesday, a day after US crude futures settled above $100 per barrel for the first time since July 2022. Meanwhile, major Asian stocks are trading lower during the Tuesday morning session, as investor concerns over a protracted conflict and an energy crisis linger.
Brent crude, the global oil benchmark, edged up 0.23% to $113.04 per barrel at 12:02 am ET Tuesday. WTI, the US benchmark, was up 0.04% to $102.92.
Japan’s benchmark index Nikkei 225 slid 1% as of 11:56 am local time Tuesday, while South Korea’s Kospi fell 3.1%. Hong Kong’s Hang Seng Index shed 0.5%.
Read more
1 hr 35 min ago
Korean Air to enter "emergency management mode" over fuel costs
By Yoonjung Seo
Korean Air is looking for cost savings to offset a surge in fuel prices. Soo-hyeon Kim/Reuters
Korean Air will switch to “emergency management mode” from April as fuel prices soar amid the US-Israel war with Iran, the airliner’s Vice Chairman Woo Kee-hong said in an internal memo on Tuesday.
Woo said fuel costs typically account for about 30% of an airline’s total expenses but if the current high oil prices persist, the percentage could more than double, according to part of the memo provided to CNN by Korean Air.
The airlines within the Hanjin Group, including Korean Air, will enter emergency management mode from April, he added.
Woo said that the company’s pursuing all possible measures to reduce costs, and closely monitoring aviation fuel supplies to determine whether it’s necessary to adjust flight schedules.
“Under the emergency management system, the company is setting internal targets to reduce costs that are not essential for aircraft operations,” the airline explained in a separate statement, without providing further details.
3 hr ago
Kuwaiti oil tanker struck by Iranian drone in Dubai waters
By Mitchell McCluskey and Lex Harvey
Dubai authorities said Tuesday they had successfully put out the fire onboard a Kuwaiti crude carrier the Kuwaitis said was struck by an Iranian drone.
The Dubai government said no injuries were reported and that all 24 crew members were safe.
Earlier, the Kuwait Petroleum Corporation (KPC) said the very large crude carrier “Al-Salmi” had been attacked by Iranian forces while anchored off Dubai, according to state news agency KUNA.
The tanker was fully loaded, the KPC said, warning of the possibility of an oil spill, according to KUNA.
The vessel was struck 31 nautical miles northwest of Dubai, according to the UK maritime authority (UKMTO), a British military-run monitoring agency which has responsibility for the region.
Dubai authorities said teams are assessing the extent of the damage and the situation.
2 hr 42 min ago
Jet fuel prices have doubled since war began, report shows
By Brad Lendon
An airplane is refueled at Palma de Mallorca airport, Palma, Spain, on Monday. Clara Margais/dpa/picture-alliance/AP
Global jet fuel prices have more than doubled since the war in the Persian Gulf began, International Air Transport Association (IATA) data shows, forcing airlines to increase fuel surcharges or cut services.
IATA’s Jet Fuel Price Monitor for the week ending March 27 shows worldwide average jet fuel prices now sit 104% above where they were last month, now selling at an average of $4.65 a gallon worldwide.
Asia and Oceana have seen the biggest increase, with the jet fuel price up 134% over the same period, to almost $5 per gallon.
North America has shown the smallest increase, up about 88% over the past month.
A smaller twin-engine commercial jet, such as an Airbus 320 or Boeing 737, burns around 750 to 900 gallons of fuel per hour, with long-haul jets like the Boeing 787 or Airbus A350 burning 1,500 to 2,200 gallons per hour, according to American bulk fuel distributor Premier Petroleum.
Airlines, which see about 30% of their costs devoted to fuel, are being hit harder than other oil consumers as the price of Brent crude is only up about 60% since the war began.
The “crack spread” –– the difference between the price of crude and refined jet fuel –– has increased 231% in the past month and 287% in the past year, the IATA report says.
Airlines have been responding by increasing prices, through surcharges, and by reviewing flight routes.
Here's the latest
• Tanker attacked: A fully loaded Kuwaiti tanker in Dubai waters was hit by Iranian drone attack, as Trump again threatened to blow up Iran’s energy sources if the Hormuz Strait isn’t reopened fully.
• Energy costs: On Tuesday, oil prices rose slightly while Asian markets were trading lower. WTI Crude, the US benchmark, settled above $100 per barrel on Monday for the first time since July 2022,
•“Confines of the law”: Asked about Trump’s threat, the White House press secretary said the US military will follow the law. Attacking civilian infrastructure could be a war crime, experts warn.
• CNN analysis: Ivan Watson looks at why the nation trying to broker US-Iran peace talks risks being drawn into the conflict. Read more.
14 Posts
57 min ago
No oil spill reported after a fully laden Kuwaiti tanker struck off Dubai
No oil leakage or injuries have been reported following the strike on a Kuwaiti tanker full of oil in Dubai waters, city authorities said Tuesday.
Earlier, the Kuwait Petroleum Corporation warned of the possibility of an oil spill after the large crude carrier “Al-Salmi” was attacked by Iranian forces while anchored off Dubai, according to Kuwaiti state news agency KUNA.
The vessel was struck 31 nautical miles northwest of Dubai, according to UK’s maritime authority (UKMTO).
The strike ignited a fire aboard the vessel, which Dubai authorities later extinguished. The incident has now been contained, authorities said.
1 hr 58 min ago
Why the country attempting to broker US-Iran peace talks risks being drawn into the conflict
Analysis by Ivan Watson
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud, left, shakes hand with his Pakistani counterpart Ishaq Dar, prior to their meeting, in Islamabad, Pakistan, on Sunday. Pakistan Ministry of Foreign Affairs/AP
Islamabad, Pakistan — In the month since the US and Israel began their aerial bombing campaign of Iran, thousands of people have been killed across at least nine countries in a rapidly escalating conflict that is costing economies billions of dollars a day. The world is facing a global energy crisis.
But the scale of this war could get much, much worse.
Iran has fired salvos of drones and missiles at Saudi Arabia, as well as fellow Gulf Cooperation Council members Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman.
Yet, so far, none of these countries have retaliated against Tehran.
Read Ivan Watson’s full analysis here.
2 hr 7 min ago
Four soldiers killed in combat in Lebanon, Israeli military says
By Eugenia Yosef and Lex Harvey
Israel’s military said Tuesday that four additional soldiers were killed and two were wounded during combat in southern Lebanon.
Ten Israeli soldiers have now been killed during Israel’s latest offensive targeting Hezbollah in Lebanon, which began just after the start of the war with Iran.
Earlier this month, Israeli forces occupied areas south of the Litani River and told Lebanese residents to leave the land as part of a broader assault after Iran-backed Hezbollah fired projectiles into Israel. Israeli strikes on Lebanon have killed 1,238 people since March 2, the Lebanese health ministry said Sunday.
2 hr 10 min ago
Power outages in Tehran after blasts, explosions seen in Isfahan
By Zulfaqar Samra, Teele Rebane and Todd Symons
The Iranian city of Isfahan appeared to have come under heavy bombardment overnight into Tuesday, while there were reports of explosions and initial power outages in the capital Tehran.
A video posted on social media, and geolocated by CNN, shows a series of large explosions in Isfahan. The minarets of city’s Grand Mosalla mosque can be seen in the foreground of the footage.
State media also reported explosions in eastern and western parts of Tehran, with the state-affiliated Fars news agency saying there were initial power outages in the city, caused by shrapnel striking a substation. The news agency later reported that power was restored.
Early Tuesday morning Israel’s military issued a warning to residents of Tehran saying it would strike the Vard Avar area “in the coming minutes.” The online warning was posted on X in the Farsi language, but it’s unlikely to have been seen by people in Tehran, as there was an internet blackout in place in Iran since the war began.
2 hr 27 min ago
Asian stocks fall as oil prices rise
By John Liu
A man walks past an electronic quotation board displays numbers of the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on Tuesday. Kazuhiro Nogi/AFP/Getty Images
Oil prices rose slightly on Tuesday, a day after US crude futures settled above $100 per barrel for the first time since July 2022. Meanwhile, major Asian stocks are trading lower during the Tuesday morning session, as investor concerns over a protracted conflict and an energy crisis linger.
Brent crude, the global oil benchmark, edged up 0.23% to $113.04 per barrel at 12:02 am ET Tuesday. WTI, the US benchmark, was up 0.04% to $102.92.
Japan’s benchmark index Nikkei 225 slid 1% as of 11:56 am local time Tuesday, while South Korea’s Kospi fell 3.1%. Hong Kong’s Hang Seng Index shed 0.5%.
Read more
1 hr 35 min ago
Korean Air to enter "emergency management mode" over fuel costs
By Yoonjung Seo
Korean Air is looking for cost savings to offset a surge in fuel prices. Soo-hyeon Kim/Reuters
Korean Air will switch to “emergency management mode” from April as fuel prices soar amid the US-Israel war with Iran, the airliner’s Vice Chairman Woo Kee-hong said in an internal memo on Tuesday.
Woo said fuel costs typically account for about 30% of an airline’s total expenses but if the current high oil prices persist, the percentage could more than double, according to part of the memo provided to CNN by Korean Air.
The airlines within the Hanjin Group, including Korean Air, will enter emergency management mode from April, he added.
Woo said that the company’s pursuing all possible measures to reduce costs, and closely monitoring aviation fuel supplies to determine whether it’s necessary to adjust flight schedules.
“Under the emergency management system, the company is setting internal targets to reduce costs that are not essential for aircraft operations,” the airline explained in a separate statement, without providing further details.
3 hr ago
Kuwaiti oil tanker struck by Iranian drone in Dubai waters
By Mitchell McCluskey and Lex Harvey
Dubai authorities said Tuesday they had successfully put out the fire onboard a Kuwaiti crude carrier the Kuwaitis said was struck by an Iranian drone.
The Dubai government said no injuries were reported and that all 24 crew members were safe.
Earlier, the Kuwait Petroleum Corporation (KPC) said the very large crude carrier “Al-Salmi” had been attacked by Iranian forces while anchored off Dubai, according to state news agency KUNA.
The tanker was fully loaded, the KPC said, warning of the possibility of an oil spill, according to KUNA.
The vessel was struck 31 nautical miles northwest of Dubai, according to the UK maritime authority (UKMTO), a British military-run monitoring agency which has responsibility for the region.
Dubai authorities said teams are assessing the extent of the damage and the situation.
2 hr 42 min ago
Jet fuel prices have doubled since war began, report shows
By Brad Lendon
An airplane is refueled at Palma de Mallorca airport, Palma, Spain, on Monday. Clara Margais/dpa/picture-alliance/AP
Global jet fuel prices have more than doubled since the war in the Persian Gulf began, International Air Transport Association (IATA) data shows, forcing airlines to increase fuel surcharges or cut services.
IATA’s Jet Fuel Price Monitor for the week ending March 27 shows worldwide average jet fuel prices now sit 104% above where they were last month, now selling at an average of $4.65 a gallon worldwide.
Asia and Oceana have seen the biggest increase, with the jet fuel price up 134% over the same period, to almost $5 per gallon.
North America has shown the smallest increase, up about 88% over the past month.
A smaller twin-engine commercial jet, such as an Airbus 320 or Boeing 737, burns around 750 to 900 gallons of fuel per hour, with long-haul jets like the Boeing 787 or Airbus A350 burning 1,500 to 2,200 gallons per hour, according to American bulk fuel distributor Premier Petroleum.
Airlines, which see about 30% of their costs devoted to fuel, are being hit harder than other oil consumers as the price of Brent crude is only up about 60% since the war began.
The “crack spread” –– the difference between the price of crude and refined jet fuel –– has increased 231% in the past month and 287% in the past year, the IATA report says.
Airlines have been responding by increasing prices, through surcharges, and by reviewing flight routes.
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