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The Latest Breaking News from Middle East

Voices: As Trump blinks first on Iran, a glimmer of hope emerges for peace in the Middle East

THE INDEPENDENT VIEW: Editorial: Pressure from China and hostile public opinion at home should concentrate Maga Republican minds and push the president towards jaw-jaw rather than war-war

The Independent UK

How organised gangs are stealing fuel as petrol prices surge

Organised gangs are increasingly stealing petrol and diesel from forecourts by filling large plastic containers hidden in vans, with the stolen fuel believed to be resold on the black market. Forecourt Eye reported a significant surge in fuel theft, with incidents increasing by 13% and the volume of fuel stolen…

The Independent UK

S&P Futures Climb as Investors Cheer U.S.-Iran Ceasefire Extension, Tesla Earnings in Focus

June S&P 500 E-Mini futures (ESM26) are trending up +0.56% this morning as sentiment improved after U.S. President Donald Trump indefinitely extended the ceasefire with Iran.

Barchart

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Shoe Zone set to slump to loss as it warns over Iran war hit to trading

The retailer said the Middle East conflict was partly to blame for lower shopper confidence and is also pushing up costs.

Evening Standard

Erdogan says Iran war ‘starting to weaken Europe’ – as it happened

This blog is now closed

The Guardian - AU

Halliburton CEO: U.S. oil rebound enters ‘early innings’ as Iran war triggers long-lasting global push for energy outside the Middle East

The smaller U.S. producers are the first movers bringing new oil wells online.

Fortune

When Will Gas Prices Go Down? Experts Warn Relief May Take Months

US petrol prices remain high due to geopolitical tensions and supply concerns. Analysts predict gradual relief as market conditions stabilize.

International Business Times UK

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KOSPI Soars to Record 6388 as Semiconductor Rally Defies Middle East Tensions

Gains were led by heavyweight technology names, particularly memory chip giants. SK Hynix soared more than 5 percent to top 1.2 million won per share for the first time, hitting the symbolic "1.2 million nix" milestone.

International Business Times

Oil Prices Ease to $94 as US-Iran Talks Offer Hope but Hormuz Risks Linger

World oil prices slipped modestly Tuesday amid tentative optimism over U.S.-Iran diplomatic efforts, with Brent crude hovering near $94.70 per barrel as traders weighed mixed signals from the Middle East against lingering threats to global energy supplies.

International Business Times

UK inflation set to rise after Middle East conflict pushed up fuel prices

Consumer Price Index (CPI) inflation is expected to have risen to 3.3% in March, according to a consensus of experts.

Evening Standard

Stock Index Futures Gain on Hopes of U.S.-Iran Talks, Retail Sales Data and Warsh Hearing on Tap

June S&P 500 E-Mini futures (ESM26) are up +0.35%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.40% this morning on hopes for further U.S.-Iran talks that could advance a Middle East peace deal.

Barchart

Decision on EU’s €90bn loan for Ukraine ‘due in next 24 hours’ after Zelenskyy says oil pipeline repaired – as it happened

EU’s foreign policy chief, Kaja Kallas, says there is ‘new momentum’ after Hungarian election as Ukrainian leader says Druzhba pipeline can resume operations

The Guardian - UK

Fuel thefts spike as petrol stations see huge increase in ‘drive-offs’

This surge coincides with a sharp rise in fuel costs since the Middle East conflict

The Independent UK

Strait of Hormuz military talks to be led by UK and France – as it happened

This blog is now closed

The Guardian - AU

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Barchart

Crude Oil Prices Sharply Higher as Middle East Peace Efforts in Limbo

May WTI crude oil (CLK26) on Monday closed up +5.76 (+6.87%), and May RBOB gasoline (RBK26 ) closed up +0.1120 (+3.73%). Crude oil and gasoline prices settled sharply higher on Monday after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US...

Barchart

Crude Oil Prices Jump as Middle East Tensions Escalate

May WTI crude oil (CLK26 ) today is up +4.87 (+5.81%), and May RBOB gasoline (RBK26 ) is up +0.1140 (+3.79%). Crude oil and gasoline prices are sharply higher today after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to...

The Guardian - UK

Polymarket in fundraising talks that could value the prediction platform at $15bn

Bets placed on Middle East conflict has led to US firm experiencing big increase in volume

Barchart

Stocks Set to Open Lower as Oil Jumps After U.S.-Iran Tensions Flare Up; Economic Data and Earnings Awaited

June S&P 500 E-Mini futures (ESM26) are down -0.42%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.43% this morning, pointing to a lower open on Wall Street as oil prices surged following a weekend flare-up in U.S.-Iran tensions.

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The Independent UK

UK travellers turn to the Mediterranean as Middle East conflict disrupts travel

Data suggests that travellers are giving European destinations a boost

The Guardian - AU

Israeli strikes in Gaza kill five, local officials say – as it happened

This blog is now closed

AAP

Cracks show in One Nation vote as Hanson taunts rivals

The number of voters backing Pauline Hanson's political movement appears to have plateaued, but the firebrand senator says her rivals are copying her policies.

The Times of India

'Red flag': US intel flags Pakistan army chief Asim Munir as risk for Trump admin, says report

US intelligence reportedly views Pakistan's army chief Asim Munir as a potential liability for the Trump administration due to his alleged ties to Iran's military. Despite Trump's praise, officials warn Munir's mediation role between Iran and the US amid Middle East tensions could compromise American interests, citing Pakistan's history as…

International Business Times

Oil Prices Plunge Below $85 as Iran Reopens Strait of Hormuz in Major Market Relief

World oil prices tumbled sharply on Friday, with benchmark U.S. crude dropping more than 10 percent to settle below $84 per barrel after Iran declared the Strait of Hormuz fully open to commercial shipping during an ongoing ceasefire, easing fears of prolonged supply disruptions from the Middle East conflict.

Radio France Internationale

Turkey warns it could be Israel's 'next enemy' as tensions escalate

Turkey's foreign minister has warned it could be Israel’s "next enemy" as the war with Iran appears headed for closure, and called for a Middle East security pact amid rising tensions between the two countries.

The Guardian - UK

What are my rights if flights are cancelled and holidays disrupted due to fuel shortage?

The Middle East war and the EU’s new entry-exit system could lead to travel misery this summer, but there are ways to mitigate it

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