Live Updates
Iran war news LIVE: Tehran on Tuesday (local time) introduced a higher price for its heaviest gasoline users, in the latest economic pinch caused by months of war, making it the second such hike since December
Iran war news LIVE: Tehran on Tuesday (local time) introduced a higher price for its heaviest gasoline users, in the latest economic pinch caused by months of war, making it the second such hike since December, state media reported. Without specifically mentioning the war with the United States, the government’s announcement cited the “current situation”, adding that the additional revenue from the price increase would be given to households. According to reports, under the new system, people buying more than their monthly quota of 110 litres (29 gallons) of gasoline must pay 100,000 rials (seven cents) per litre, or twice what they have been paying since December.
Trump says gas prices to come down to two dollars a gallon
US President Donald Trump on Monday said that oil prices will drop sharply once the United States achieves victory in its conflict with Iran, forecasting gas prices could fall below two dollars per gallon.
Oil prices extend gains
Oil prices extended gains on Monday (local time) as traders closely monitored details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, which could tighten Tehran’s control over the waterway. Brent crude settled at $97 on Monday while West Texas Intermediate (WTI) traded near $93 a barrel. Iran said the accord is in its final stages and will include a temporary safe route through Hormuz, raising questions about how the US would respond after the American military struck Iranian tankers over the weekend. Tehran also warned that ships face the risk of attack near Oman.
Iran says improved ballistic missile shows it will take preemptive action
On Monday, Iranian state media said that a ballistic missile with improved capabilities was highlighting a new doctrine that Tehran “will take action against any threat, even before it is carried out.” The report by the state news agency reportedly carried remarks from the head of Iran’s Supreme National Security Council, Mohsen Rezaei, who boasted of new missile capability, claiming that it had been “tested” against a US warship. According to reports, Tehran’s messaging in recent days has become more assertive, and Monday’s report said the Qassem Basir marks “a turning point in Iran’s defense strategy”. It described the missile as having greater range and accuracy and a half-tonne warhead. The missile was unveiled last year, when it was described as having at least a 1,200-kilometre range.
Lebanon says Israel carried out a wave of deadly strikes
Lebanon’s health ministry on Monday said that Israel carried out a barrage of airstrikes in south Lebanon, killing at least 13 people, including women and children. Israel’s military vowed to continue targeting Hezbollah, accusing the Iran-backed militants of repeated violations of a ceasefire in place since June. Tel Aviv hit swathes of southern Lebanon during the Middle East war that erupted with joint US-Israeli strikes on Iran, and its forces continue to occupy what it calls a “security zone.”
Stay tuned to this LIVE blog to catch all the latest updates on the Iran war:
Key Events
08 Sep 2026, 06:39 AM IST
08 Sep 2026, 06:39 AM IST
08 Sep 2026, 06:39 AM IST
8 Sep 2026, 10:14:38 AM IST
Iran war news LIVE: Global diesel supply to stay tight through winter, says report
Global diesel supply will remain tight due to a lack of spare refining capacity, Russia’s ban on exports and the approach of peak winter demand, senior industry executives said on Tuesday.
8 Sep 2026, 09:47:00 AM IST
Iran war news LIVE: Indian shares open lower as oil climbs on rising Mideast risks
Indian shares edged lower on Tuesday, after hitting six-week lows in the previous session, as sentiment remained subdued due to rising crude prices on risks of a widening Middle East conflict.
8 Sep 2026, 09:18:03 AM IST
Iran war news LIVE: Saudi-led coalition in Yemen says 73 people injured in Houthi attacks on the kingdom
Seventy-three people, including women and children, were injured in Saudi Arabia after Yemen’s Iran-backed Houthis attacked the cities of Abha, Khamis Mushait, Jazan and Najran, the spokesperson of the Saudi-led coalition in Yemen said.
8 Sep 2026, 08:56:38 AM IST
Iran war news LIVE: Oil rises as risks of prolonged Mideast conflict heighten supply worries
Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption.
Brent crude futures climbed 34 cents, or 0.35%, to $97.34 a barrel by 0000 GMT. US West Texas Intermediate crude was at $92.63 a barrel, up $1.15, or 1.26%.
8 Sep 2026, 08:33:57 AM IST
Iran war news LIVE: Why isn’t oil above $100 despite supply disruptions?
Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the US-Iran conflict that has disrupted Gulf exports from the Strait of Hormuz and the Red Sea, Reuters reported.
8 Sep 2026, 08:14:50 AM IST
Iran war news LIVE: Traffic in the Strait of Hormuz slowed on Monday, data shows
The number of commodity vessels sailing through the Strait of Hormuz totalled seven on Monday, versus eight on the previous day, Kpler data showed on Tuesday
8 Sep 2026, 07:57:46 AM IST
Iran war news LIVE: Indian shares on track for muted open as oil climbs on rising Mideast risks
Indian shares were likely to open little changed on Tuesday, after hitting six-week lows in the previous session, as the broader market undertone remained subdued due to rising crude prices on risks of a widening Middle East conflict.
8 Sep 2026, 07:31:52 AM IST
Iran war news LIVE: Iran says it plans new Gulf ‘exclusion zone’, threatens US with new missiles
Iran threatened the United States with “economic warfare” on Tuesday. It said it had fired an advanced missile at US warships, underscoring the risks of further escalation in the war only days after both sides traded blows again.
8 Sep 2026, 07:11:04 AM IST
Iran war news LIVE: Trump claims oil prices will drop “below Two Dollars a gallon” after US wins war with Iran
US President Donald Trump claimed on Monday (local time) that oil prices will drop sharply once the United States achieves victory in its conflict with Iran, forecasting gas prices could fall below two dollars per gallon.
8 Sep 2026, 06:58:26 AM IST
Iran war news LIVE: Lebanon says Israel carried out a wave of deadly strikes
Lebanon’s health ministry on Monday said that Israel carried out a barrage of airstrikes in southern Lebanon, killing at least 13 people, including women and children. Israel’s military vowed to continue targeting Hezbollah, accusing the Iran-backed militants of repeated violations of a ceasefire in place since June.
8 Sep 2026, 06:39:41 AM IST
Iran war news LIVE: Iran says improved ballistic missile shows it will take preemptive action
On Monday, Iranian state media said that a ballistic missile with improved capabilities was highlighting a new doctrine that Tehran “will take action against any threat, even before it is carried out.” The report by the state news agency reportedly carried remarks from the head of Iran’s Supreme National Security Council, Mohsen Rezaei, who boasted of new missile capabilities, claiming that it had been “tested” against a US warship.
8 Sep 2026, 06:39:41 AM IST
Iran war news LIVE: Tehran increases gas prices for its heaviest consumers as economy struggles
Tehran on Tuesday (local time) introduced a higher price for its heaviest gasoline users, in the latest economic pinch caused by months of war, making it the second such hike since December, state media reported. Without specifically mentioning the war with the United States, the government’s announcement cited the “current situation”, adding that the additional revenue from the price increase would be given to households.
8 Sep 2026, 06:39:41 AM IST
Iran war news LIVE: Oil prices extend gains as Iran-Oman deal on Hormuz close
Oil prices extended gains on Monday (local time) as traders closely monitored details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, which could tighten Tehran’s control over the waterway. Brent crude settled at $97 on Monday while West Texas Intermediate (WTI) traded near $93 a barrel.
About the Author
Swati Gandhi
Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.
Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.
At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.
She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.
Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.
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