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The Latest Breaking News from Middle East

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

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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

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...

Barchart

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.

The Economic Times

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.

AAP

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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.

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…

The Economic Times

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.

Bangkok Post

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…

AAP

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.

International Business Times UK

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

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The Guardian - AU

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…

The Economic Times

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France 24

Trump says canceling Iran strikes on Thursday

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Barchart

Middle East Hostilities and Bullish EIA Report Boost Crude Oil Prices

July WTI crude oil (CLN26 ) today is up +1.33 (+1.51%), and July RBOB gasoline (RBN26 ) is up +0.0601 (+2.01%). Crude oil and gasoline prices are sharply higher today after the US and Iran exchanged strikes overnight, which could derail the peace process and keep the Strait of Hormuz...

The Economic Times

US Stocks: US markets dips as tech declines, Middle East tensions mount

U.S. stock indexes opened lower on Wednesday, continuing a selloff in technology stocks. Renewed U.S.-Iran tensions also weighed on the market, overshadowing a tame May inflation reading. The Dow, S&P 500, and Nasdaq all saw declines at the opening bell.

International Business Times UK

World Cup Chaos: Travel Bans, Visa Rows Cast Shadow Over Tournament Launch

The 2026 FIFA World Cup faces challenges due to US travel restrictions, visa denials, and Middle East tensions, affecting players, officials, and fans from multiple nations.

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The Economic Times

India bonds snap four-day rally on US-Iran war risks

Indian government bonds witnessed a dip on Wednesday, breaking a four-day winning streak. The decline was largely attributed to soaring oil prices linked to geopolitical unrest in the Middle East and traders making profit-takings. Investors are on edge regarding inflation uncertainties. Notably, foreign investment in Indian debt has surged due…

AAP

Trinasolar and Ecohope Solar Sign 600MW MoU to Distribute Latest Vertex G3 Modules Across Southeast Asia, the Middle East and Africa

SHANGHAI, June 10, 2026 /PRNewswire/ -- Trinasolar, a global leader in smart PV and energy storage solutions, has signed a Memorandum of Understanding (MoU) with Ecohope Solar, a global PV and ESS solutions provider with offices in China, Thailand and the UAE. The MoU was signed at SNEC PV Power…

France 24

US renews attacks on Iran, vows to hit 'hard'

The United States on Wednesday renewed attacks against Iran, with President Donald Trump vowing to "hit them hard" after negotiations on ending the more than three-month war floundered. US forces began launching additional self-defense strikes ... against multiple targets in Iran at the Commander in Chief's direction.The strikes are in…

AAP

European shares resilient, oil higher after strikes

Oil has gained after renewed strikes between the US and Iran, news that European shares shrugged off, while Asian stocks ‌fell as AI stocks came under pressure.

The Economic Times

Asian stocks decline, oil prices gain as US hits Iran

Asian markets saw a decline as technology shares faced renewed selling pressure. Tensions in the Middle East intensified following US strikes on Iran, causing crude oil prices to rise. Investors are now closely watching upcoming US inflation data for clues on potential Federal Reserve interest rate decisions.

Bangkok Post

Mideast conflict may delay Minor's REIT, IPO plans

The Middle East conflict could delay Minor International Plc's plans to launch its real estate investment trust (REIT) and initial public offering (IPO) in Singapore, although the timeline is still expected to fall in the second half of the year.

Bangkok Post

Mideast war dents KBank asset quality

Kasikornbank (KBank) expects the ongoing war in the Middle East to weigh on the bank's asset quality in the second half of the year, while pledging to provide proactive support and relief measures for customers affected by the conflict.

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