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The Latest Breaking News from Middle East

Calbee rolls out monochrome snack packaging amid ink supply worries

Major Japanese snack maker Calbee began selling its Kappa Ebisen shrimp crackers in black-and-white packaging this week in Tokyo, a move in response to uncertainty over supplies of oil-derived naphtha stemming from the Middle East conflict.

Bangkok Post

Middle East crisis: Rubio says opening the strait of Hormuz is first condition in talks with Iran – as it happened

The US secretary of state added that Iran must also commit to specific negotiations on the disposition of highly-engaged uranium.

The Guardian - UK

RBI may have sold gold to save foreign reserves, BE report shows

The RBI may have sold about $12 billion worth of gold reserves in the two weeks through May 22 to protect its foreign-currency assets amid capital outflows and rising oil prices, according to Bloomberg Economics. The move suggests policymakers are prioritising liquid forex reserves as Middle East tensions pressure the…

The Economic Times

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An alternative to the Strait of Hormuz? Why Iran is eyeing Yemen's Bab al-Mandab

Escalating Middle East tensions are now focusing on the Bab al-Mandab Strait, a crucial global shipping lane. Iran, via its Yemeni allies, may use this chokepoint to pressure adversaries, potentially disrupting vital oil and goods transit. This raises fears of wider conflict impacting international trade routes and energy markets.

The Times of India

Australian shares pare losses as mining stocks bounce

The ASX has edged lower for a second session as concerns about Australia's economic growth and the ongoing Persian Gulf conflict unnerve investors.

AAP

Marriott International Says Travel Demand Stays Strong Despite Middle East RevPAR Drag

Marriott International (NASDAQ:MAR) Chief Financial Officer Jen Mason said travel demand remains broadly healthy, with leisure and group travel showing strength, while the Middle East remains the company’s primary near-term headwind. Speaking at a Morgan Stanley investor conference, Mason, who rece

MarketBeat

Dollar steady as traders await progress on Middle East peace talks

The US dollar held steady as global markets adopted a cautious stance. Investors are closely watching Middle East peace talks and upcoming economic data. Any progress towards de-escalation in the region could impact the dollar's safe-haven status. Traders are also anticipating key speeches and reports that may influence central bank…

The Economic Times

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Stocks bounce as AI optimism offsets Mideast anxiety

AI optimism and strong tech forecasts have driven a global stock rally, while oil has slipped on new hopes of a US-Iran deal after comments by Donald Trump.

AAP

About 3 million workers on minimum wage to receive 4.75% pay rise in Fair Work Commission ruling

Unions had demanded 6% pay increase for lowest paid after war in Middle East pushed inflation higher

The Guardian - AU

Why is gold price down today, and will precious metals continue to drop or rise again? Gold falls as inflation concerns grow amid Middle East conflict

Why is gold price down today, and will precious metals continue to drop or rise again? Gold prices declined after rising inflation concerns linked to the Middle East conflict increased expectations that interest rates could remain higher for longer. A stronger U.S. dollar also weighed on bullion prices. Investors are…

The Economic Times

Why are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices surge as Iran talks stall and supply concerns return

Why are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved higher after Iran suspended negotiations with the United States and concerns returned over crude supplies through the Strait of Hormuz. Brent crude and US WTI futures gained…

The Economic Times

US Bases Across Eight Countries Hit, Hundreds of Millions in Damage as America Moved to Block Satellite Images

Satellite imagery reveals Iran struck 20 US military facilities across eight Middle East countries, causing significant damage. This raises questions about US military transparency during the conflict.

International Business Times UK

Aluminium hits four-year high on renewed Middle East supply risks

Benchmark aluminium on the London Metal Exchange traded 0.5% higher at $3,685 a metric ton in official rings. Earlier, it touched $3,707.50 to match ‌a level hit ⁠on ⁠May 26 for its highest point since March 2022.

The Economic Times

Stocks Set to Open Higher as AI Optimism Overshadows Fresh U.S.-Iran Hostilities, Jobs Data Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.23% this morning as optimism surrounding artificial intelligence helped offset concerns about renewed U.S.-Iran tensions.

Barchart

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The Times of India

UAE announces June 2026 fuel prices as petrol jumps 8% to Dh3.95 per litre, highest level in nearly 4 years

UAE motorists are facing significantly higher petrol prices in June 2026, marking the fourth consecutive monthly increase. This surge, driven by international energy market volatility and Middle East shipping disruptions, pushes Super 98 to Dh3.95 per litre. While diesel prices have fallen, petrol users face continued pressure as summer travel…

The Guardian - UK

Oil price rises to $97 a barrel as ‘Iran stops exchanging messages with US’ – as it happened

British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reports

The Economic Times

India bonds dip as Middle East war woes add to policy week caution

Indian government bonds retreated as traders anticipated the central bank's policy decision and higher oil prices due to the Middle East conflict. The benchmark 2035 yield climbed, while overnight index swap rates surged, reflecting increased rate hike bets amid concerns over inflation and economic impact.

The Economic Times

Asia's factory output expands as firms stockpile buffers over Iran war risks

Asian factories saw steady growth in May. Companies built up stocks to counter potential supply disruptions from the Middle East conflict. China's manufacturing expanded for the sixth month, while South Korea's activity reached a five-year high. Japan also reported expansion despite rising input costs. This regional push highlights efforts to…

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The Economic Times

IndiGo soars 5% after Q4 results. What Goldman Sachs, Jefferies and others are saying

IndiGo's shares surged despite a Q4 FY26 net loss of Rs 2,536 crore, driven by Middle East conflict disruptions. Analysts remain largely positive, citing the airline's long-term growth strategy and India's strong domestic aviation demand, with several maintaining 'Buy' ratings and significant upside targets.

The Guardian - AU

UN experts warn against ‘surging Israeli settler terror’ – as it happened

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The Economic Times

Gold slips on stronger dollar, oil; Trump's decision on Iran ceasefire in focus

Gold prices dipped slightly as a stronger dollar and rising oil prices weighed on the market. Investors are closely watching President Trump's decision on a potential ceasefire extension with Iran, amidst ongoing tensions in the Middle East. Meanwhile, other precious metals like silver, platinum, and palladium saw gains.

The Economic Times

Any deal with Iran that restricts Israel's ability...would be unwise: US Senator Graham draws red line

Senator Lindsey Graham issued a stern warning against any Middle East diplomatic deal that would impede Israel's military actions against Hamas and Hezbollah. He emphasized that Israel must be allowed to neutralize threats from Hezbollah, stating that any ceasefire would enable rearmament. Graham also expressed confidence that President Trump would…

The Economic Times

India, Oman trade pact to come into force from June 1; Check what's inside

India and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free access to Oman. Key sectors like textiles and agriculture will see immediate benefits. Oman also grants zero-duty access to Indian industrial goods. India protects sensitive domestic industries. Service professionals gain new…

The Economic Times

Iran says no deal with US unless its rights secured

Iran's chief negotiator says Tehran will not agree to any deal with the United States unless Iranian rights are fully secured. Reports suggest Washington has sent a tougher peace proposal. This could delay an agreement to end the Middle East war and reopen the Strait of Hormuz. Both sides remain…

France 24

Malta's Labour party wins historic fourth term in shadow of Middle East crisis

Maltese ⁠Prime Minister Robert Abela claimed a record-breaking, fourth successive general election victory for his Labour Party on Sunday after campaigning on the strength of a thriving economy and calling for a strong mandate to shield the tiny island state from the crisis in the Middle East.

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