The conflict in the Middle East has entered its fifth day. Iranian missiles and drones have continued to hit locations around the Gulf while the United States have kept the pressure on Tehran to end hostilities and return to talks.
Iran's Assembly of Experts has elected former Supreme Leader Ayatollah Ali Khamenei's son Mojtaba to succeed him, NDTV reported on Wednesday citing local media. The selection has been made under pressure from the powerful paramilitary group Islamic Revolutionary Guards Corps. Mojtaba Khamenei, the 56-year-old second son of the late Supreme Leader, operates as a formidable power broker with deep, behind-the-scenes influence over the IRGC and the Basij paramilitary networks.
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Here are the live updates from the US-Iran war.
The IDF has begun striking Hezbollah infrastructure in Beirut.
Source: IDF
Iran's elite paramilitary body IRGC has launched its 17th wave of strikes against American and Israeli targets in the region.
Source: NDTV
An Iranian navy vessel is reportedly sinking off the coast of Sri Lanka, according to AFP, which cited the country’s foreign ministry.
Major Indian hospital chains may face revenue pressure as the Iran war disrupts patient inflows from the Middle East, a region that forms a significant share of their international business.
Analysts estimate that 8–9% of the total revenue for leading hospital networks—such as Apollo Hospitals, Fortis Healthcare and Max Healthcare—comes from international patients, with the Middle East alone contributing 30–50% of this foreign‑patient income. In comparison, smaller hospitals are far less exposed, earning only 1–2% of their revenue from patients arriving from the region.
Indian stock market's volatility gauge, India VIX, jumped 20% to hit a 10-month high mark on Wednesday, March 4, as the domestic equity benchmarks Sensex and Nifty 50 extended losses by over 2% amid the US-Iran war-led risk premium.
The ASEAN has called on all countries to respect international law, including the Charter of the United Nations (UN Charter).
"We emphasise the importance of an immediate cessation of hostilities and call on all parties concerned to exercise utmost self-restraint," an ASEAN Foreign Ministers' Statement read.
The ASEAN said that they are following the US-Iran war closely and have serious concern over the escalation of conflict in the Middle East following the attacks initiated by Israel and the United States against the Islamic Republic of Iran on Feb 28, 2026.
They said they are also monitoring the subsequent retaliatory attacks by Iran against several countries in the region, including Bahrain, Jordan, State of Kuwait, Oman, Qatar, Saudi Arabia, Syria, and the United Arab Emirates.
Freight rates for global maritime trade could surge up to threefold as escalating tensions in the Middle East disrupt shipping through the Strait of Hormuz, according to the Indian National Shipowners' Association (INSA).
US President Donald Trump threatened to end trade with Spain, citing a lack of support over the US and Israeli attacks on Iran and the European nation's resistance to increase its NATO spending. "We're going to cut off all trade with Spain," Trump told reporters during an Oval Office meeting with German Chancellor Friedrich Merz. "We don't want anything to do with Spain."
The US president's comments came a day after Spanish Foreign Minister José Manuel Albares said his country would not allow the US to use the bases in southern Spain in any strikes not covered by the United Nations' charter. Albares noted that military bases it jointly operates with the US were not used in the weekend attack on Iran.
Iran's Assembly of Experts has elected slain Supreme leader Ayatollah Ali Khamenei's second son, Mojtaba Khamenei, as his successor. Known as a low-profile but high-influence cleric, Mojtaba has been shaped by Iran's revolutionary system right from in his early days.
A total of 164 tourists from Maharashtra stranded in the United Arab Emirates due to the US-Israel-Iran conflict have returned home in two flights, a Shiv Sena functionary said. Two aircraft carrying 76 and 88 tourists landed in Mumbai on Tuesday night.
These included 84 students from the Pune-based Indira School of Business Studies and residents from Thane, Ahilyanagar and Pune.
US Secretary of State Marco Rubio has justified the attack on Iran saying that Iran is 'run by lunatics, religious fanatics lunatics' and says world will be safe if Iran's clerics 'no long have access to weapons.'
"It was the right decision and the world will be a safer place when these radical clerics no longer have access to these weapons. You see how they're using them now. Imagine how they would use them a year from now if they had more of these," he said.
Saudi Aramco is exploring the option of delivering more cargoes to Yanbu, a port on the Red Sea that's situated outside the Persian Gulf, where dozens of ships are hunkered down as the Strait of Hormuz remains effectively closed.
Ministry of Civil Aviation is continuously monitoring the evolving airspace situation in parts of West Asia and its impact on international flight operations.
Till date, 1,221 flights by Indian carriers and 388 flights by foreign carriers have been cancelled due to the ongoing situation.
Indian carriers have undertaken calibrated adjustments to their schedules, with long-haul and ultra long-haul operations being progressively resumed through alternative routings that avoid restricted airspace.
Special arrangements are being made to facilitate the movement of stranded passengers, with airlines deploying additional capacity where required and coordinating closely with foreign aviation authorities and Indian missions abroad to ensure safe and orderly passenger movement. A total of 24 flights are being operated by Indian carriers today. In addition, Emirates and Etihad have operated 9 flights from the Gulf in the last 24 hours.
Just In: Iran says that they have complete control of Strait of Hormuz.
In a development highlighting polarisation in the UN Security Council, the monthly programme of work for the US Presidency of the powerful UN organ could not be adopted after Russia and China raised objections concerning Iran.
The United States, a veto-wielding permanent member, assumed the Presidency of the 15-nation UN Security Council for the month of March.
However, the US-drafted programme of work for its monthly presidency of the Council could not be adopted after the other veto-wielding permanent members Russia and China raised objections pertaining to the 1737 Sanctions Committee concerning Iran.
"Russia & China objected to the adoption of the US-drafted UNSC PoW (Programme of Work) for March," Russia’s Permanent Mission to the UN said.
(Source: PTI)
Shares of Bharat Petroleum Corp., Indian Oil Corp., Hindustan Petroleum Corp. and other oil marketing companies extended declines on Wednesday amid fears over crude supply disruption from the Gulf.
Randhir Jaiswal, official Spokesperson, Ministry of External Affairs, said that a special control room has been set up in the Ministry of External Affairs in view of the current situation in West Asia and the Gulf region. The control room can be contacted from 9 a.m. to 9 p.m.

Photo: MEA Control Room
French President Emmanuel Macron ordered France's nuclear-powered aircraft carrier to move from the Baltic Sea to the Mediterranean to help protect allied assets during the ongoing war in the Middle East.
Macron said the Charles de Gaulle will be escorted by its air wing and its escorting frigates. In a pre-recorded speech aired on French TV, Macron added that Rafale fighter jets, air-defence systems, and airborne radar systems have been deployed over the past few hours in the Middle East.
New York City Mayor Zohran Mamdani spoke on Iran and the Middle East situation, criticising the Iranian government’s repression while warning against the consequences of regime-change wars in the region.
He said, "The Iranian government has engaged in systematic repression of its own people, even killing thousands of Iranians who were seeking to express the most basic forms of dissent earlier this year. It is a brutal government. I have also said that while I may be a young mayor, I am old enough to remember the devastating consequences of our country pursuing a war with the intent of regime change in that very same region not that many years ago."
VIDEO | New York City Mayor Zohran Mamdani speaks on Iran and the Middle East situation, criticising the Iranian government’s repression while warning against the consequences of regime-change wars in the region.
— Press Trust of India (@PTI_News) March 4, 2026
He says, "The Iranian government has engaged in systematic… pic.twitter.com/V0aTIjRU8P
In a post on X, the official spokesperson for Saudi Arabia said that two cruise missiles in Al-Khurj were intercepted and destroyed.
Sonal Varma of Nomura told NDTV Profit that the escalating geopolitical situation is likely to disrupt supply chains through FY26, adding pressure to India’s external balances, with the current account deficit expected to hover around 1% of GDP. She cautioned that Brent crude rising above $85 per barrel would significantly strain oil marketing companies (OMCs) and amplify macro‑vulnerabilities.
While India still retains some fiscal buffers, Varma noted that shocks of this nature tend to be stagflationary, simultaneously hurting growth and pushing up inflation. She also highlighted India’s heavy dependence on energy imports routed through the Strait of Hormuz, making the economy particularly sensitive to any prolonged disruption in the region.
Nifty Falls 3% To 24,141 In Pre-Market; Sensex Down 1,700 Points
Asian shares fell further on Wednesday after the global sell-off for stocks hit Wall Street, with South Korea's benchmark plunging 8%, while oil prices climbed even higher.
Worries over the widening war with Iran have hammered most world markets. Higher oil prices and how much they might worsen inflation are among the central fears for investors. More spikes for oil prices may grind down the global economy and sap corporate profits.
The Kuwait Army issued a statement on behalf of the official spokesperson of the Ministry of Defense.
The official spokesperson of the Ministry of Defense, Brigadier General Saud Abdulaziz Al-Otaibi, stated that at dawn today (Wednesday), several hostile aerial targets were detected and intercepted within the airspace of the State of Kuwait, where they were engaged and destroyed. As a result, debris fell from the interception operation onto one of the residential homes in the country, leading to human and material injuries.
Confirming the continued performance of the armed forces in carrying out their duties, and taking all necessary measures to protect its lands, people, and residents, in a manner that ensures the preservation of its sovereignty, security, and stability.
The US Army condoled the death of four U.S. Army Reserve Soldiers on Wednesday in a post on X. "It is with heavy hearts that we announce the deaths of four U.S. Army Reserve Soldiers supporting Operation Epic Fury on March 1. "We honor our fallen Heroes, who served fearlessly and selflessly in defense of our nation." said Lt. Gen. Robert Harter, Chief of Army Reserve.
It is with heavy hearts that we announce the deaths of four U.S. Army Reserve Soldiers supporting Operation Epic Fury on March 1st.
— U.S. Army Reserve (@USArmyReserve) March 4, 2026
“We honor our fallen Heroes, who served fearlessly and selflessly in defense of our nation.” said Lt. Gen. Robert Harter, Chief of Army Reserve. pic.twitter.com/r4zBm3hfyt
Social media platform X said it will suspend creators from its revenue-sharing program if they post AI-generated videos of armed conflicts without clearly disclosing that the content was created using artificial intelligence.
In a tent camp in Gaza's southern area of Khan Younis, Palestinians have been closely following news about the widening war and growing increasingly worried about its potential impact on their lives. Palestinians in the camp were preparing simple meals to break their fast during the second week of the holy month of Ramadan. Haunted by memories of scarcity last year during months of Israel's blockade, many fear that border crossings could again close.
Donald Trump said the US Navy will begin escorting oil tankers through the Strait of Hormuz, after Iran moved to block the chokepoint from where 20% of global oil supplies pass through.
He has also ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the financial security of all maritime trade, especially energy, traveling through the Gulf. This will be available to all Shipping Lines.
US President Donald Trump warned on Tuesday that the US is initiating a "third wave" of military strikes against Iran. This follows the elimination of Iran's Supreme Leader Ayatollah Ali Khamenei, during the initial phases of Operation Epic Fury.
Ahead of a bilateral meeting in the Oval Office with the German chancellor Friedrich Merz, Trump said that "everything's been knocked out" in Iran.
"As you know, 49 people were taken out in the first hit. And I guess there was another hit today on the new leadership, and it looks like that was pretty substantial also. So they're getting hit very hard, and we'll see what happens," he said.
Iran's Assembly of Experts has elected former Supreme Leader Ayatollah Ali Khamenei's son Mojtaba to succeed him, NDTV reported on Wednesday citing local media. The selection has been made under pressure from the powerful paramilitary group Islamic Revolutionary Guards Corps.
Mojtaba Khamenei, the 56-year-old second son of the late Supreme Leader, operates as a formidable power broker with deep, behind-the-scenes influence over the IRGC and the Basij paramilitary networks. He is a veteran of the Iran-Iraq War and has intimate coordination with Iran's security apparatus. The clerical establishment has been largely opposed to hereditary succession. Mojtaba also lacked the high-ranking clerical credentials and formal leadership experience traditionally required to ascend to the supreme position.
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