Al Jazeera News Updates Wave of strikes against Iran, Forced displacement orders in Lebanon
Mar 27, 2026
Rapid-fire coverage of a new wave of strikes targeting Iran and worries about oil prices as Brent crude climbs above $110. Tensions in the Strait of Hormuz and risks to global gas supplies get attention. Reports on LNG disruptions from a cyclone in Western Australia add to the supply shock narrative.
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Trump Labels NATO A Paper Tiger
- Donald Trump publicly called NATO a "paper tiger" and criticised members for not protecting the US in a conflict with Iran.
- He argued NATO failed to come to America's rescue and said allies only offer help after conflicts escalate, implying diminished trust in collective defence.
Markets Spike After NATO Support Claims
- NATO Secretary General Mark Rutte expressed support for Trump's decision to go to war against Iran according to the report.
- Markets reacted immediately as Brent crude rose above $110 amid fears of prolonged Middle East supply disruption and limited Strait of Hormuz shipments.
Energy Shock Worse Than Past Crises
- The International Energy Agency said the current supply shock exceeds the 1970s oil crisis and the Russia-Ukraine gas disruption combined.
- A Western Australia cyclone and damage to Qatar's LNG output after Iranian strikes worsened the global energy shortfall.