Reuters Daily Briefing.

"The fallout of seven days of war in Iran."

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Russ Roberts (https://trendsingeopolitics.blogspot.com).

Get full access to Reuters.com for just $1/week. Subscribe now. Daily Briefing By Jennifer O'Mahony Hello. As the US-Israel war on Iran enters its seventh day, US military investigators believe its forces were likely responsible for a strike on a girls' school that killed at least 150 students. Meanwhile, Israel bombards the Hezbollah-controlled southern suburbs of Beirut and the fallout continues for global energy, aviation and asset management. Plus, the Winter Paralympics holds its opening ceremony. Today's Top News   People mourn on the day of the funeral of the victims following a reported strike on a school in Minab, Iran. Amirhossein Khorgooei/ISNA/WANA (West Asia News Agency) via REUTERS War in the Middle East In an exclusive interview with Reuters, Donald Trump said the United States must be involved in the selection of Iran's next leader. Trump added it would be "wonderful" if Iraq-based Iranian Kurdish forces entered Iran to join the conflict. White House Reporter Steve Holland spoke about his conversation with the president for the Reuters World News podcast. Keep up with live developments as the Israeli military said it carried out 26 sets ‌of strikes on Beirut's southern suburbs, with targets including Hezbollah command centers and weapons storage. Iran’s Islamic Revolutionary Guard Corps said it fired missiles at Tel Aviv. Trump also said he does not have "any concern" over rising US gas prices driven by the conflict, but others are taking action. China is asking Iran to allow crude oil and Qatari liquefied natural gas through the Strait of Hormuz, as ship-tracking data shows how tanker traffic in the key shipping artery is currently at a standstill. While Gulf carriers Emirates and Etihad Airways resumed some flights from their UAE hubs, the threat of missiles and drones is never far away — an Air France evacuation flight was forced to turn back because of missile fire. Wealthy Asian investors are looking to move their assets from Dubai to Hong Kong and Singapore, as favorable tax benefits give way to security considerations. Keep up to date with all the news from the Gulf with the weekly Gulf Currents newsletter. In other news Trump fired Homeland Security Secretary Kristi Noem. He told Reuters in the same exclusive interview that he was not made aware of a $220 million border security ‌advertising campaign now under heavy scrutiny from lawmakers, which included a scene of Noem on horseback at Mount Rushmore. The US and Venezuela agreed to re-establish diplomatic relations, with the US State Department saying it aimed to work on a "peaceful transition to a democratically elected government." Nepali rapper-turned-politician Balendra Shah's party was ahead in vote counting after the country's general elections, the first since September's youth-led uprising. Business & Markets   Shipping vessels and oil tankers line up on the eastern coast of Singapore. REUTERS/Edgar Su/File Photo Indian refiners are buying millions of barrels ‌of Russian crude oil stuck at sea after the US Treasury Department relaxed restrictions for 30 days, triggered by the fallout from the US-Israel war on Iran. Meanwhile, oil traders across Asia are scrambling to source alternative supplies after Middle Eastern shipments through the Strait of Hormuz slowed by 90%. The Moscow region, Russia's wealthiest, cut investment as the country's consolidated budget deficit widens. Just four of Russia's 89 regions are likely to post budget surpluses for 2026 as the costs of the war in Ukraine drag on its finances. Netflix acquired InterPositive, a tech company founded by Ben Affleck that makes AI-driven film ‌production tools. The Labor Department's employment report is likely to show slower job growth in the United States in February, while the unemployment rate is expected to remain steady. Pfizer said that China has approved its weight management treatment Xianweiying, increasing competition in an already crowded field of GLP-1 drugs. The Week Ahead   Colombians head to the polls on Sunday for a legislative election that is not expected to deliver a clear majority, ahead of a presidential vote in May. Also on Sunday, rallies will take place across the world for greater gender equality to mark International Women's Day. The United States and South Korea will hold joint military drills under the banner of "Freedom Shield" from Monday. The US February Consumer Price Index will be released on Wednesday, with a 0.2% rise on the month expected, according to a Reuters poll. Here's a look at the week ahead in markets. Iran stands alone   Iranian missiles are displayed at the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran, Iran. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS Beijing and Moscow helped Iran build up its military arsenal, but these longtime partners have offered little more than words of concern since US-Israeli strikes began last weekend, killing its supreme leader. Russia's war on Ukraine and China's dependence on Gulf energy and trade led them to conclude that intervening in the conflict would be too high a price to pay, according to analysts. There may even be benefits for the two major powers: oil shocks in the Middle East increase the price of Russian crude, while China gains new insight into current US military capabilities in the event of any future incursion into Taiwan. Read our analysis And Finally... Para Biathlon training, Lago, Italy. Joshua Sweeney of United States during training REUTERS/Sarah Meyssonnier The Paralympic Winter Games opening ceremony will be held tonight at the Verona Olympic Arena, but athletes from several countries including Germany will not be present for the opening parade to protest the participation of Russia and Belarus. Meanwhile, the International Paralympic Committee is dealing with athletes whose travel plans were disrupted by closures and delays at several Middle Eastern airports. Regardless, the committee expects a record ⁠number of athletes at the Games this year. Read more   Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website   Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. 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