Live Updates: Iran war rages as oil and stock markets grapple with conflicting messages from Trump and Tehran

The United Arab Emirates Ministry of Defense said Tuesday that an Iranian missile strike in neighboring Bahrain had killed a civilian contractor working for the UAE Armed Forces.

The ministry's statement said the contractor was a Moroccan national killed during "a routine mission" in a "blatant Iranian attack" that left five other UAE government personnel wounded.

At least two other people have been killed in Bahrain by Iran's missile and drone strikes since the U.S. and Israel launched their joint war on the Islamic Republic 25 days ago, according to figures shared by Bahrain's government.

The UAE has reported eight people killed in its territory, including two Emirati military service members.

The head of the Iranian Red Crescent Society said Tuesday that the organization was coming under Israeli attack amid the ongoing U.S.-Israeli strikes on the country.

Remarks by Ali Kolivand, head of Iran's Red Crescent Society:

17 Red Crescent bases across the country have been struck by the aggressors.

94 ambulances and emergency vehicles were directly hit by enemy missiles, highlighting the scale of damage to the nation's humanitarian and rescue infrastructure.

"Seventeen Red Crescent branches and Red Crescent bases have been targeted," Ali Kolivand said in a video posted online by Iranian state media. "Some of our colleagues were injured. One of our colleagues has been martyred."

Kolivand did not say whether the alleged attacks were carried out by U.S. or Israeli forces, but he said "aggressors" had "directly attacked by missiles" 46 ambulances and 48 other emergency vehicles, including three rescue helicopters, belonging to the organization since the war began.

Philippine President Ferdinand Marcos declared a state of "national energy emergency" on Tuesday, citing risks to the domestic fuel supply and energy stability created by the Middle East war.

"A state of national energy emergency is hereby declared in light of the ongoing conflict in the Middle East, and the resulting imminent danger posed upon the availability and stability of the country's energy supply," said an executive order released Tuesday evening.

The order authorizes the country's Department of Energy to make advance payments of 15% to secure fuel contracts while taking direct action against hoarding or profiteering.

"The declaration... will enable the government, through the (energy department) and other concerned agencies, to implement responsive and coordinated measures under existing laws to address the risks posed by disruptions in the global energy supply and the domestic economy," the order said.

The Philippines has some of the region's highest energy costs and is heavily dependent on imported fuel to keep its power plants running.

The state of emergency was declared just hours after the country's energy secretary said the Philippines planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments. 

Pakistan "stands ready" to host talks aimed at ending the Iran war, the country's prime minister said Tuesday.

"Subject to concurrence by the US and Iran, Pakistan stands ready and honoured to be the host to facilitate meaningful and conclusive talks for a comprehensive settlement of the ongoing conflict," Shehbaz Sharif wrote on X.

"Pakistan welcomes and fully supports ongoing efforts to pursue dialogue to end the WAR in Middle East, in the interest of peace and stability in region and beyond," he posted. 

U.S. Secretary of State Marco Rubio will travel to France on Friday for talks with the Group of Seven foreign ministers.

They will discuss the Middle East, the Russia-Ukraine war, "and threats across the world to peace and stability," according to a news release.

Rubio "will meet with foreign ministers from partner nations to discuss shared security concerns and opportunities for cooperation," the release said. 

Israel's military says it has conducted more than 3,000 strikes across Iran since the start of Operation Roaring Lion – Israel's campaign against the Islamic Republic. 

"Yesterday, the IDF targeted IRGC command centers, weapons storage facilities, and aerial defense systems," the Israel Defense Forces said Tuesday on X. 

"Overnight, an additional 50+ targets were struck, including ballistic missile storage and launch," it said. 

Defense Minister Israel Katz said Tuesday that Israel's military will control a "security zone" in southern Lebanon up to the Litani River.

The hundreds of thousands of Lebanese people who have evacuated north of the river — fleeing Israeli airstrikes — wouldn't be able to return home until "security is guaranteed" for residents of Israel's north, he said in a meeting with top Israeli defense officials, according to a statement from his office.

The Israeli military has also destroyed bridges over the Litani River. 

Amazon's cloud arm said Tuesday that its service in Bahrain had been disrupted after drone attacks hit the region.

An Amazon Web Services (AWS) spokesperson said the disruption was ongoing, without specifying the exact location affected or any potential damage done.

"The AWS Bahrain Region has been disrupted as a result of the ongoing conflict," the spokesperson said, adding that the company was helping affected customers migrate to AWS servers elsewhere in the world.

"We are working closely with local authorities and prioritising the safety of our personnel."

Bahrain and other Gulf countries have been regularly targeted by Iranian missile and drone strikes in retaliation for the U.S.-Israeli campaign. AWS said in early March that drone strikes damaged two of its data centres in the United Arab Emirates and a facility in Bahrain.

AWS is the world's leading cloud computing provider, competing with rivals including Microsoft Azure and Google Cloud to offer infrastructure that underpins popular apps and websites, as well as powering generative AI. 

A source inside Iran told CBS News on Tuesday that many people who had wanted intervention in the country to end the repression of the Islamic Republic are now changing their minds.

"They supposed war could be [a] liberator and liberate them from the despotism in Iran, and theocratic despotic regimes. Now, they are thinking twice and revising," the source said.

"They are reaching for any moment a ceasefire, no matter who is the boss... anything that can say 'enough is enough and there is a ceasefire until further notice.'"

Lebanon has ordered Iran's ambassador to leave the country by Sunday and decided to declare him persona non grata, according to Lebanon's foreign ministry.

The Lebanese government has been critical of Iran and accuses its Revolutionary Guard of operating in Lebanon alongside Hezbollah, and dragging the country into another war with Israel. Israel has said that some of its strikes have targeted Revolutionary Guard officials operating in the country.

Lebanon's foreign ministry spokesperson, Denise Rahme, told The Associated Press that Iran's embassy will still have a charge d'affaires to head its diplomatic mission.

Iran named a former Iranian Revolutionary Guard commander as the new secretary of the country's Supreme National Security Council on Tuesday, replacing Ali Larijani, who was killed in an airstrike.

Iranian state television identified the new secretary as Mohammad Bagher Zolghadr.

Zolghadr reached the rank of brigadier general in the Guard. He had been serving as the secretary of Iran's Expediency Council.

Ali Larijani was killed in strikes last week by Israel, marking a significant moment for the Islamic Republic in the conflict.  

Bets on the oil market worth half a billion dollars were made by traders about 15 minutes before President Trump posted on social media Monday declaring "productive conversations" with Iran, the Financial Times newspaper reported. After Mr. Trump's post, the price of crude oil tumbled.

"It's hard to prove causality . . . but you have to wonder who would have been relatively aggressive at selling futures at that point, 15 minutes before Trump's post," a market strategist at a U.S. brokerage firm told the FT.

The timing of the trades echoed large, profitable bets made on the prediction market Polymarket around the timing of the U.S. strikes on Venezuela and Iran, the FT reported.

White House spokesperson Kush Desai said "the White House does not tolerate any administration official illegally profiteering off of insider knowledge, and any implication that officials are engaged in such activity without evidence is baseless and irresponsible reporting."

The price of Brent crude crept back above $100 a barrel early Tuesday after plunging on President Trump's claim the previous morning of advanced talks with Iran - which Tehran quickly denied.

Brent crude, referred to as the international standard in oil pricing, traded at $104 a barrel early Monday morning but later eased to $100.94, still a significant course reversal after it plummeted 10% on Mr. Trump's remarks the previous day. At over $100 a barrel, the price represents an increase of at least 40% since the U.S. and Israel launched their war on Iran on Feb. 28.

Stock markets appeared more optimistic after Mr. Trump's remarks. Global benchmarks mostly rebounded Tuesday, with France's CAC 40 gaining 0.4% in early trading, the German DAX edging up 0.2% and Britain's FTSE 100 inching up less than 0.1%. 

In the U.S., Dow futures were up less than 0.1% at 46,536.00 and S&P 500 futures were also virtually unchanged, declining less than 0.1% to 6,634.50.

In Asia, Japan's benchmark Nikkei 225 added finished up 1.4%, Australia's S&P/ASX 200 rose 0.2% and South Korea's Kospi got a significant bump to close up 2.7% along with Hong Kong's Hang Seng, which rose 2.8%.

CBS/AP

Iran's powerful Islamic Revolutionary Guard Corps issued a statement Tuesday accusing Israel of "taking advantage of the regional war environment and the media's focus" on Iran to ramp up its attacks against alleged Hamas targets in the Gaza Strip and Hezbollah in Lebanon.

The IRGC accused Israel of "widespread war crimes against civilians in Lebanon and Palestine, crossing all red lines in genocide."

The Israeli military acknowledges ongoing operations in Gaza, where a ceasefire technically ended the three-year war with Hamas late last year, though there are routine accusations that the agreement is being violated.

Israel has announced multiple expansions of its operations in Lebanon since the Iran war began, including airstrikes across the country and ground forces seizing ground in the south and ordering tens of thousands of civilians to flee. Prime Minister Benjamin Netanyahu has vowed the assault will continue until the Iranian-backed group Hezbollah no longer poses a threat to communities in northern Israel. 

The Israel Defense Forces says it takes all possible measures to avoid harming civilians, including evacuation orders, though residents have reported multiple strikes near the Lebanese capital that came without warning.

In its statement Tuesday, the IRGC said unless Israel changes its tactics, "enemy gathering points" in northern Israel and Gaza "will be targeted without hesitation by heavy missile and drone attacks."

A missile slammed into a street in central Tel Aviv as Iran kept up its barrages targeting Israel and Gulf Arab states on Tuesday, hours after President Trump said the U.S. was in talks with Tehran to end the war.

Iran dismissed the claim of ongoing negotiations as "fakenews is used to manipulate the financial and oil markets," and Israel's leader vowed to continue striking Iran and Lebanon regardless of diplomatic forays, to "protect our vital interests, in any case."

Iran fired multiple waves of missiles at Israel early Tuesday, with reports of an impact in the country's north. In Tel Aviv, a missile with a 220 pound warhead slipped through Israeli defenses and slammed into a street, blowing out the windows of an apartment building and sending smoke billowing.

"We saw destruction, smoke, and chaos," rescue service worker Yoel Moshe told reporters at the scene minutes after the missile struck. Four people suffered minor wounds, he said.

In Kuwait, power lines were hit from air defense shrapnel, causing partial electricity outages in several hours. Missile alert sirens sounded in Bahrain, and Saudi Arabia's Defense Ministry said it had destroyed 19 Iranian drones targeting its oil-rich Eastern Province.

Earlier in the day, Israel pounded Beirut's southern suburbs again, saying it was targeting infrastructure used by the Iran-linked Hezbollah militant group. A strike on a residential apartment southeast of the Lebanese capital killed at least two people, according to the Lebanese Health Ministry.

While President Trump said Monday that he was extending his deadline for Iran to reopen the Strait of Hormuz to shipping traffic for five days to allow for talks, postponing his threat to attack Iranian power plants, the Israeli and U.S. militaries have said strikes will continue against Iranian military targets.

CBS/AP

The head of the International Energy Agency says the global economy faces a "major, major threat" because of the Iran war.

Fatih Birol told Australia's National Press Club in Canberra the crisis in the Middle ⁠East has had a worse impact on oil than the two oil shocks of the 1970s combined, and a worse effect on gas markets than the Russia-Ukraine war.