Explosions tore through Tehran, the capital of Iran, and Beirut, the capital of Lebanon, on Tuesday, March 3, 2026, and financial markets around the world crumbled at the prospect of prolonged disruption to global energy supplies from the United States-Israeli attacks on Iran.
Here are the latest key developments:
Iran drones hit US embassy in Riyadh
Iran has struck the United States embassy in Riyadh, the capital of Saudi Arabia.
Saudi Arabia’s Ministry of Defence said two drones hit the embassy compound in the early hours of Tuesday, causing “minor material damage” and “a small fire”.
Airline ticket prices soar on Asia-Europe routes
The price of flights between Asia and Europe has soared after the closure of key Middle Eastern hubs.
Airline websites show tickets on many popular routes booked out for days.
Major Gulf hubs, including the world’s busiest international airport Dubai, remained closed for a fourth day on Tuesday, slashing capacity on popular routes like Australia to Europe, where Emirates and Qatar Airways normally have a high market share.
About half of the cancelled flights in the Middle East are from Dubai International Airport.
Nearly 30,000 displaced in Lebanon, says UN refugee agency
At least 30,000 displaced people have sought protection in shelters in Lebanon since hostilities between Israel and Hezbollah began on Monday, the United Nations refugee agency said on Tuesday.
UNHCR spokesperson Babar Baloch said: “Conservative estimates suggest that nearly 30,000 people were hosted and registered at collective shelters.
“Many more slept in their cars on the side of roads or were still stuck in traffic jams on the roads.”
Israeli military orders evacuations of southern Lebanese towns
The military issued evacuation orders for residents of more than two dozen towns in southern Lebanon.
Israel has been striking Hezbollah targets in Lebanon and carrying out incursions across the border.
Oil prices rise over US-Israel conflict with Iran
Russia says no evidence Iran working on nuclear weapons
Russian Foreign Minister Sergei Lavrov said on Tuesday that Moscow had still not seen any evidence that Iran was developing nuclear weapons.
Trump has said the war was needed to prevent Iran from developing a nuclear weapon and to thwart its long-range ballistic missile program.
Iran has denied it is seeking nuclear weapons and said the U.S. and Israeli assault was unprovoked, occurring as Tehran and Washington were in negotiations on a nuclear accord.
Trump withdrew from a prior international agreement curbing Iran’s nuclear program during his first term in 2018, three years after it was signed.
Iran death toll from US-Israel strikes rises to 787
The information came from the Iranian Red Crescent, Reuters reported. On Monday, the death toll stood at 555.
Gaza fuel running short after Israel closes borders
Gaza is rapidly running out of its limited fuel supply and stocks of food staples may become tight, officials say.
Israel has blocked the entry of fuel and goods into the war-shattered territory, citing fighting with Iran.
Israeli authorities said late Monday night that they would reopen the Kerem Shalom crossing from Israel to Gaza on Tuesday, for “gradual entry of humanitarian aid” into the strip without saying how much.
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