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Iran’s New Supreme Leader Vows Revenge and Threatens Renewed Blockade of the Strait of Hormuz
Mujtaba Khamenei’s first statement as Iran’s supreme leader vows revenge for his predecessor’s killing, renews the threat to blockade the Strait of Hormuz, and urges neighbouring states to close US military bases. The mix of maritime threats, strikes on foreign bases, and economic reprisals raises the probability of regional escalation and immediate disruptions to global energy markets.

U.S. KC-135 Tanker Crashes in Western Iraq; CENTCOM Rules Out Combat or Friendly Fire
A U.S. KC-135 aerial refuelling tanker crashed in western Iraq on 12 March; CENTCOM said the loss was not caused by enemy fire or friendly fire and that rescue efforts continue. The incident complicates U.S. air operations in a tense region and will require a technical investigation to rule out mechanical failure, human error or mishap during refuelling.

IRGC Claims Missile-and-Drone Strike on U.S. Fifth Fleet Base in Bahrain, Raising Stakes in the Gulf
The IRGC says it carried out a two-wave missile and drone attack on the U.S. Fifth Fleet base in Bahrain, claiming precision hits on anti-drone systems, unmanned surface vessel facilities, logistics and fuel stores. The strike, which has not been independently verified, signals Tehran’s use of asymmetric tools to challenge U.S. naval dominance in the Gulf and raises the risk of broader regional escalation.

Pentagon’s Early Tab Tops $11.3bn as Mideast Campaign Slips Toward a Costly Quagmire
U.S. military operations against Iran have cost more than $11.3 billion in the first six days, with munitions expenditure of about $5.6 billion in the opening 48 hours. The Pentagon’s tally omits pre-deployment and sustainment costs, meaning the full financial and strategic burden is likely to rise and weigh on U.S. politics and the defense industrial base.

U.S. Moves THAAD Interceptors from South Korea to Middle East, Raising Alliance and Deterrence Questions
The U.S. has begun transferring THAAD interceptors from South Korea to the Middle East, moving up to 48 missiles from Seongju to Osan for onward transport. Seoul objects but accepts limited leverage, while the redeployment highlights logistical limits in U.S. missile-defence inventories and raises questions about regional deterrence and alliance reassurance.

Small Workshop, Big Effects: How a PLA Drone Repair Room Is Shaping Future Battlefields
A People’s Liberation Army regiment has converted a small clubhouse corner into a unit‑level drone repair and rapid‑prototyping shop that uses 3D printing and flight‑data analysis to shorten repair cycles and improve equipment resilience. The initiative highlights a broader trend in which frontline units build decentralized sustainment and innovation capabilities to maintain operational tempo against proliferating low‑cost unmanned systems.

A 'Very Small Price': Oil Tops $100 as Middle East Fighting Sends Markets Into Risk Mode
Renewed fighting involving the U.S. and Israel against Iran pushed international crude futures above $100 a barrel for the first time since mid‑2022, as traders priced in supply‑risk and shipping disruptions. President Trump described the economic fallout as "a very small price" for security, highlighting the political calculus that will shape responses from producers, consumers and allies.

China Commissions Two More 10,000‑tonne Destroyers and Puts Them Straight to Sea for Anti‑Sub and Joint‑Warfare Drills
China commissioned two more Type 055 10,000‑tonne destroyers into its Eastern Theater Fleet and immediately deployed them for combined, realistic drills emphasising anti‑submarine warfare, replenishment and multi‑domain networking. The exercises aim to speed the operationalisation of new high‑end platforms and strengthen the PLAN’s distant‑sea combat capabilities in the East China Sea.

From Baghdad Bomb Shelters to China’s Spring Gala: An Iraqi Correspondent Becomes a Symbol of Cross‑Cultural Bonding
An Iraqi-born man who fled war as a child has spent the past 15 years in China, becoming a Mandarin‑speaking correspondent and a featured announcer on China’s Spring Festival Gala. His public profile — and forthcoming marriage to a woman from Xinjiang — is being presented as a symbol of cross‑cultural connection and China’s appeal to foreign residents.

Claims of Mine-Laying in Strait of Hormuz Deepen U.S.-Iran Standoff as Shipping Faces New Risks
The United States accuses Iran of laying mines in the Strait of Hormuz, a charge Tehran denies, while U.S. Central Command reports extensive damage to Iranian naval vessels. The dispute underscores a dangerous escalation in maritime coercion that threatens global shipping, energy markets and regional stability.

China Steps Into the Fray: Shuttling Diplomacy Amid an Escalating Iran–Israel–US Clash
China has ramped up shuttle diplomacy as a widening Iran–Israel–US conflict drives humanitarian suffering and market shocks. Beijing’s ties across the region give it leverage to mediate, but domestic politics in Washington, Iran’s internal cohesion, the effectiveness of multilateral mediation and control of the Strait of Hormuz will determine whether de‑escalation is possible.

Oil Tops $100 as Middle East Escalation Tests Global Markets — Trump Calls Spike a 'Very Small Price'
Oil futures briefly topped $100 per barrel after US and Israeli military action against Iran pushed a new geopolitical risk premium into markets. Former president Trump described the price spike as a "very small price" for global security, a stance that highlights the political trade‑offs behind energy market shocks.