March 24, 2026
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4:29Now PlayingJennifer Welch, Chief Geoeconomics Analyst for Bloomberg Economics, examines the contradictory messaging around Iran peace talks.
Fighting between the US-Israeli alliance and Iran raged unabated, even as President Donald Trump claimed talks are under way to end the conflict.
Iran carried out overnight missile and drone attacks on the Israeli cities of Tel Aviv, Eilat and Dimona, as well as on US bases in the Middle East. Israel launched a wave of strikes in western and central Iran, including Tehran, with Defense Minister Israel Katz saying the campaign would continue “at full intensity.”
The strikes came after Trump postponed an assault on Iran’s energy infrastructure, citing “productive conversations” with Tehran. The US president’s claims of behind-the-scenes diplomacy were widely denied by Iranian officials, causing confusion over the participants in the talks and the likelihood of a potential deal.
Brent crude traded back above $100 a barrel on Tuesday, on concern the war could yet escalate, exacerbating a global energy supply crunch.
Saudi Arabia said it intercepted a drone in its eastern region, and Kuwait said some power lines were put out of service after an Iranian attack. Sirens sounded in Bahrain, where Amazon Web Services Inc. suffered a disruption to its services due to drone activity.
Iran’s Fars news agency reported damage to a gas pressure-regulation plant and an administrative building in the central city of Isfahan. There was also a strike on a gas pipeline in the southwest of the country, according to Fars.
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