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The Latest Breaking News from Middle East

Middle East peace 24 hours away? Pakistani PM suggests US-Iran may finalise deal soon

Pakistan's PM Shehbaz Sharif hinted that a peace deal between the US and Iran could be finalized within 24 hours, marking a significant diplomatic breakthrough. Both nations have indicated progress, with an agreed-upon text reportedly reached. US officials, however, urge caution against speculation, emphasizing that economic benefits for Iran are…

The Times of India

US says downed multiple Iran drones as both insist deal closer

The United States said it downed multiple Iranian drones targeting commercial ships in the Strait of Hormuz early Saturday, hours after both sides said a deal to end the Middle East war was closer than ever.

Radio France Internationale

Dollar steadies, set for weekly loss on US-Iran deal talks

The dollar steadied but eyed a weekly loss as Middle East peace talks and SpaceX's massive IPO dominated market attention. The euro edged higher after the ECB's rate hike, while traders awaited the Federal Reserve's upcoming meeting. Markets are assessing the impact of potential peace and the SpaceX offering on…

The Economic Times

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🔴 Live : Iran says signing of Islamabad memorandum will not take place on Sunday

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France 24

Iran Threatens Attack on Elon Musk's Firms, Including Starlink and SpaceX, Flagging Them As 'Military Targets'

Iran has threatened Elon Musk's companies, including SpaceX and Starlink, amid escalating tensions with the US, accusing them of aiding US military operations in the Middle East.

International Business Times UK

Wall St ends higher as SpaceX's market debut dominates

US stocks have closed higher as Elon Musk's SpaceX became Wall Street's biggest public listing in history.

AAP

US stocks: S&P, Dow edge higher on Mideast deal hopes; SpaceX debut in focus

Major US stock indices opened higher on Friday, driven by optimism for a Middle East peace deal. Investors also anticipated the historic market debut of Elon Musk's SpaceX, expected to be Wall Street's largest public listing ever. The Dow and S&P 500 saw gains, while the Nasdaq experienced a slight…

The Economic Times

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NYSE Content Update: Fifth Third Bancorp Celebrates Historic Listing Transfer

NEW YORK, June 12, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Lance Glinn delivers the pre-market update on June 12thThe major averages are higher Friday morning…

AAP

US, Iran signal peace deal is close after Trump lashes out at ‘dishonorable’ Iranians

The US and Iran on Friday signaled that an initial peace agreement to end the Iran war was close although details of the deal were not officially released. The consensual signaling came hours after President Donald Trump posted a message lashing out at "very dishonorable" Iranians after local media reported…

France 24

UK economy shrinks in April as Middle East war hits

Britain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister Keir Starmer as he grapples with a political crisis. "We expect the economy to continue to fade as the year goes on, and particularly for as long as…

The Economic Times

Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap…

The Economic Times

US military says it downed Iranian attack drones – as it happened

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The Guardian - AU

Iran war puts Bangladesh’s nascent industrial dreams at risk

Bangladesh's economic growth is threatened by an energy shortage, leaving new industrial facilities idle. The country faces painful impacts from the Middle East conflict, leading to increased energy costs and power rationing. Businesses are investing in renewables and exploring domestic gas, but immediate challenges persist.

The Economic Times

Asian stocks rally on Gulf breakthrough hopes, oil hits two-month lows

Asian stocks rallied on hopes of a Middle East peace deal, tempering inflation fears as oil prices fell to two-month lows. The market also anticipated Elon Musk's SpaceX IPO, which set a record $75 billion. President Trump indicated a potential peace deal signing soon, boosting market sentiment.

The Economic Times

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Barchart

Stocks Settle Sharply Higher on Middle East Peace Hopes

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.75%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.29%. June E-mini S&P futures (ESM26 ) rose +1.73%, and June E-mini Nasdaq futures...

The Economic Times

IMF cuts eurozone growth forecasts again on energy inflation risks

The International Monetary Fund has issued a stark warning. The ongoing Middle East conflict is impacting eurozone growth more than previously anticipated. Energy price surges are expected to slow economic expansion. Inflation is also projected to climb higher. Consumer confidence may weaken, leading to reduced spending.

AAP

Wall St indexes jump, as strikes against Iran cancelled

US stocks have ended higher as investors keep a close watch on developments around the Iran conflict.

The Economic Times

US stocks: US market ticks up as chips rebound, Middle East in focus

U.S. stocks opened higher on Thursday, with investors showing interest in undervalued technology shares. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw gains at the opening bell. Market participants are also closely monitoring the ongoing Middle East conflict.

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The Economic Times

ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation

The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This move aims to combat accelerating inflation, driven by the Middle East war's energy shock, despite concerns for the struggling eurozone economy. The ECB also lowered its growth…

Bangkok Post

Iran warns Mideast truce 'practically meaningless' after US strikes

TEHRAN - Iran warned on Thursday that the shaky ceasefire in the three-month Middle East war was now "practically meaningless" following fresh strikes by the United States that saw Tehran respond with attacks around the region.

AAP

UK, Australia, and Canada Announce Launch of Major New International Fund to Scale Civil Society and Tackle Root Causes of Israeli-Palestinian Conflict

LONDON, June 11, 2026 /PRNewswire/ -- Amid continuing instability in the Middle East, three world powers combined forces today with a long-term policy shift aimed at breaking out of the stalemate. At a foreign ministerial meeting in Chevening, the UK, along with partners Australia and Canada, said they have each…

International Business Times UK

Trump Hands Democrats Election Gift With Shock 'I Love the Inflation' Remark as Cost-of-Living Crisis Hits Three-Year High

US President Donald Trump's 'I love the inflation' remark has ignited political controversy as inflation reaches a three-year high, impacting American households amid ongoing Middle East conflicts.

The Guardian - AU

Oil prices fall after Trump says he is cancelling strikes – as it happened

This blog is now closed

The Economic Times

Gold prices dip Rs 1,600/10 gm, silver crashes Rs 5,000/kg after rising oil prices amid West Asia tensions. Time to sell?

Gold and silver prices opened lower on MCX Thursday. Fresh Middle East tensions and rising oil prices impacted sentiment. US attacks on Iran contributed to the decline. MCX silver futures for July 2026 delivery fell significantly. Gold futures for August 2026 delivery also slipped. Soaring inflation amid the West Asia…

France 24

Trump says canceling Iran strikes on Thursday

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