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The Latest Breaking News from Middle East

Philippine president declares national energy emergency to respond to impact of Middle East war

Philippine President Ferdinand Marcos Jr_ has declared a state of national energy emergency to respond to the impact of the Middle East war, which his administration said poses “an imminent danger of a critically low energy supply.”

The Independent UK

Oil Prices Surge Again, US Stocks Waver as Iran Rejects US Negotiations

Oil prices surged while US equity indexes fell in early Tuesday hours after Iran reportedly rejected America's negotiations efforts.

International Business Times UK

Bellway shares hit as full-year earnings outlook disappoints

The builder cautioned over risks to the market from the Middle East conflict as mortgage rates have already begun to rise.

Evening Standard

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Rio and Kate Ferdinand flee Dubai for Portugal after Iran drone attacks

The family relocated to their Portuguese villa days after the conflict in the Middle East began

Evening Standard

UK business growth ‘slowed to a crawl’ due to war in Middle East, survey shows

Businesses blamed the US-Israel war with Iran for souring customer demand, pushing up prices and disrupting their global supply chains.

Evening Standard

S&P Futures Waver as Concerns Over Middle East Conflict Persist, U.S. PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are trending up +0.02% this morning, swinging between gains and losses as optimism over a de-escalation in the Middle East conflict wanes.

Barchart

UK travel firm spends £1m to rescue stranded holidaymakers from Asia

Exclusive: Lancashire company Distant Journeys chartered an Airbus A350 to ferry 400 passengers home from Sri Lanka

The Independent UK

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Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

The Guardian - UK

Business Brief (March 24): China Adjusts Fuel Prices Amid Middle East Tensions

China responds to Iran oil security question; Chinese drone maker DJI sues Insta360 over patents it says involve core technology

Caixin Global

UAE-India flight alert for March 24: IndiGo warns of schedule changes; Air India, AIX to operate 24 flights

The ongoing conflict between US, Israel and Iran has extended into the larger Middle East. Countries including Saudi Arabia, UAE, Qatar, Oman and others have been intercepting missile attacks from Iran.

The Times of India

Japan to begin biggest-ever oil release from national reserves as Middle East energy crisis bites

PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand

The Guardian - AU

Fire at Kuwait airport after drone attack – as it happened

This blog is closed.

The Guardian - AU

New Zealand to give cash payments to some low income families as global fuel crisis worsens

Policy begins on 1 April and is aimed to ease financial pressure as the price of fuel surges due to conflict in the Middle East

The Guardian - AU

Cattle Prices Show Resilience While Hog Prices Fade: What to Watch This Week

Uncertainty from the conflict in the Middle East and higher gas prices are major catalysts for cattle and hog futures now.

Barchart

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Radio France Internationale

'Point of no return' looming in Middle East war, says Red Cross

The International Committee of the Red Cross on Monday demanded a halt to the "war on essential infrastructure" in the Middle East, warning of potential "irreversible consequences" – including harm to nuclear facilities.

The Independent UK

Iran UK ambassador summoned by Foreign Office over ‘reckless and destabilising actions’

The diplomat was summoned on the instruction of Foreign Secretary Yvette Cooper and was met by Middle East minister Hamish Falconer

AAP

Diesel standards eased as fuel shortages deepen

Measures to help more diesel flow into the domestic market have been announced as hundreds of service stations across Australia run dry.

The Independent UK

Diesel prices spike to three-year high as Middle East crisis hit motorists

Average price of unleaded has risen by 14p a litre since late February, reaching 147.19p

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International Business Times UK

NATO Expects Europe to Unite on Iran War as Trump Calls Them 'Cowards' Amid Oil, Market Chaos

As the Middle East crisis deepens, Europe grapples with tough decisions amid rising tensions with NATO and the US. Discover the latest developments and their impact on global markets.

International Business Times UK

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

Barchart

Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran Talks

June S&P 500 E-Mini futures (ESM26) are up +1.53%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.57% this morning, pointing to a sharply higher open on Wall Street as sentiment got a boost after U.S. President Donald Trump said the U.S. and Iran had “very good” conversations about…

International Business Times

Gold Plunges to Four-Month Low Near $4,250 as Middle East Tensions Fuel Inflation Fears

Gold prices tumbled sharply Monday, dropping more than 5-6% to hover around $4,200-$4,250 per ounce, marking the metal's lowest levels since late November 2025 and extending a nine-session losing streak.

Euronews

Oil prices slide after Trump announces 'productive conversations' with Iran

Oil prices dropped and stock markets started to climb after comments from US President Donald Trump raised hopes for a quick end to the Iran war.

The Independent UK

Politics latest: Starmer warns there may not be ‘quick and early end’ to US-Iran war ahead of Cobra meeting

Prime minister warned his team not to fall into ‘false comfort’ of thinking as Middle East conflict could be lengthy

Euronews

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

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