SUNDAY, AUGUST 30, 2026|No. 13169
Middle East · Energy

Iran War Escalates, Fueling Global Energy Costs and Regional Tensions

The ongoing conflict involving Iran, the US, and Israel has significantly increased global energy import bills and heightened regional instability, with diplomatic efforts showing limited progress.

A map showing the Strait of Hormuz, a critical chokepoint for global oil supply.
A map showing the Strait of Hormuz, a critical chokepoint for global oil supply.
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Watch: Israeli settlers besiege Palestinian homes in occupied West Bank

Dozens of Israeli settlers attacked a home in the West Bank village of Qusra, throwing stones as residents sheltered inside, who were then tear-gassed and detained by Israeli forces rather than protected, despite international law obligating occupying forces to do so.

It’s part of a wider pattern under the Israeli government, including a farm attack in Hebron and an assault on a Palestinian couple and a US TV crew in Jalud. Al Jazeera’s Nargess Moballeghi reports.

Israeli forces storm Tubas city, fire stun grenades

Israeli military forces have stormed the city of Tubas, northeast of the occupied West Bank, the Palestinian news agency Wafa has reported.

Wafa quoted local Palestinian sources as reporting that Israeli military patrols stormed the city and raided a shop in the city centre, with soldiers firing stun grenades at locals.

Watch: Will Trump’s Iran sanctions actually work this time? Analysis

Mark Pfeifle, a former US national security advisor and president of Off the Record Strategies, joined Al Jazeera from Washington, DC, to assess Trump’s threat of “total economic warfare” against Iran.

Pfeifle argues real pressure requires a coordinated, whole-of-government effort, not scattered sanctions and social media posts, warning that none of it matters if Iran keeps its uranium and keeps funding missiles and proxies.

A recap of recent developments

  • Iran’s Deputy Foreign Minister Kazem Gharibabadi said the Strait of Hormuz remains closed and that Tehran is in no hurry to reopen it.
  • Iraq is seeking to “be a bridge” between Tehran and Washington, the Iraqi prime minister’s security adviser Qassim al-Araji told Al Jazeera.
  • US Senator Elizabeth Warren accused Trump of profiting from the war, saying oil majors aligned with him have made huge gains since it began.
  • A Palestinian died of wounds from an Israeli strike in Khan Younis, while a girl was shot in Jabalia and a young man northwest of Gaza City.
  • Israeli settlers attacked an NBC News crew and a Palestinian in the occupied West Bank town of Jalud, injuring four journalists and drawing a rare condemnation from Netanyahu.

Welcome to our live coverage

Hello, and welcome to our live coverage of the United States and Israel’s war on Iran, as well as Israel’s attacks on Gaza and Lebanon.

Stay with us for the latest news and analyses related to these conflicts.

You can find our updates from Saturday, August 29 here.

PAN's pipeline reviewed approximately 2 open sources for this article. No human editor reviewed this article before publication.

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