Iranian drones target US tech company in Dubai
Iran has said it targeted US tech firm, Oracle, in Dubai’s Internet City district.
Authorities in Dubai said the drones were intercepted, but shrapnel hit the facades of two buildings, including one belonging to Oracle.
No injuries were reported.
Iran’s Revolutionary Guard has threatened to attack Oracle and 17 other US companies after accusing them of being involved in “terrorist espionage” operations in Iran.
Previous Iranian drone strikes caused damage to three Amazon Web Services facilities in the United Arab Emirates and Bahrain.
Maryam Zakir-Hussain4 April 2026 09:57
Airstrike hits Iran’s petrochemical facility
US and Israeli warplanes continued to pound Iran Saturday, hitting several targets including a petrochemical facility, Iranian media reported.
Iran’s official English-language newspaper Tehran Times reported that an airstrike hit a facility belonging to Iran’s Agriculture Ministry in the western city of Mehran.
The newspaper said another air raid struck Mahshahr Special Petrochemical Zone in the southwestern Khuzestan province.
The semiofficial Fars news agency reported several explosions heard late Saturday morning in the facility.
Mehr, another semiofficial news agency, reported that the strikes hit four companies within the zone.
Maryam Zakir-Hussain4 April 2026 09:27
Israeli military says it struck key infrastructure in Iranian capital
The Israeli military said on Saturday that its air force struck ballistic and and anti-aircraft missile storage sites in Tehran.
It said the strikes a day earlier included weapons manufacture sites as well as military research and development facilities in the Iranian capital.
It said the strikes are part of an ongoing phase to increase damage to Iran’s “core systems and foundations.”
Maryam Zakir-Hussain4 April 2026 08:55
Iran offering locals £50,000 reward to anyone who hands over US pilot alive
As the US and Tehran race to find the missing American pilot from the downed US fighter jet, Iran is reportedly offering locals around £50,000 to anyone who hands over the missing pilot alive.
Iran also reportedly hit an A-10 attack plane in the Persian Gulf region on Friday, which made it to Kuwaiti airspace, where the pilot ejected and the aircraft crashed, officials said.
Maryam Zakir-Hussain4 April 2026 08:49
IMF urges BOJ to keep raising rates even as Iran war poses new risks
The International Monetary Fund urged the Bank of Japan to continue raising interest rates, even as the Middle East war posed “significant new risks” to the country’s economic outlook.
The proposal comes amid market expectations the BOJ will raise interest rates as soon as April in the face of mounting inflationary pressure from the conflict-induced spike in oil prices, and higher import costs blamed on the weak yen.
While growth is expected to moderate, due partly to the Iran war, gradual wage gains will underpin consumption, the IMF said in a statement issued from Washington on Friday after the conclusion of its policy consultation with Japan.
“Risks to the outlook and inflation are broadly balanced” with inflation expected to converge to the BOJ’s 2% target in 2027, the IMF said.
In the statement, the IMF said its executive board commended Japan’s “strong economic resilience” to global shocks and agreed the BOJ was appropriately withdrawing monetary accommodation.
“Directors stressed the importance of maintaining a flexible exchange rate as a credible shock absorber,” it added.
Maryam Zakir-Hussain4 April 2026 08:40
