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The Latest Breaking News from Middle East

More than 3,400 Iranians killed in war - as it happened

This blog is now closed

The Guardian - AU

Dow Rises 868 Points Amid Gulf Ceasefire: Stock Market Today

Investors, traders and speculators are celebrating a Middle East peace worked out through the diplomatic channels of social media.

Kiplinger

Dollar Drops on Middle East Peace Optimism

The dollar index (DXY00 ) on Friday fell to a 7-week low and finished down by -0.15%. The dollar came under pressure Friday in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, Friday's rally in stocks has reduced liquidity demand...

Barchart

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Alaska Air Stock Rockets 13% on Oil Price Relief Ahead of Q1 Earnings Amid Hawaiian Integration

Alaska Air Group Inc. shares surged more than 12 percent in morning trading Friday as plunging oil prices following the Middle East ceasefire delivered welcome relief to fuel-burdened airlines and boosted sentiment across the sector ahead of the carrier's first-quarter earnings next week.

International Business Times

'Ripple effects of Iran war could lead to other conflicts,' UN development chief tells Euronews

The head of the UN Development Programme told Euronews that the impact of the Middle East conflict is being felt "way beyond the region", and that, in the absence of a resolution, the groundwork for further conflicts is being laid.

Euronews

Iran refusing to give Trump exit he needs to save face: Gulf official's big claim on peace talks

A senior Gulf official has claimed that Iran is refusing to offer the concessions Donald Trump needs to “save face and leave” the Middle East conflict, even as the US president pushes for a deal to end weeks of fighting.

The Times of India

US extends waiver allowing countries to buy Russian oil – as it happened

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The Guardian - AU

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Warning for borrowers as RBA frets over its credibility

The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.

AAP

Europe has six weeks’ supply of jet fuel left, energy boss warns

Fatih Birol, executive director of the International Energy Agency, warned there could be flight cancellations ‘soon’.

Evening Standard

One-way attack drones: Low-cost, high-tech weapons ‘democratize’ precision warfare

Wars in Ukraine and the Middle East have propelled drones into the headlines. The word “drone” now stretches to cover everything from hobbyist camera rigs available on Amazon to the Predator and Reaper systems the United States has relied on to fight terrorist organizations over the past 20 years.

The Conversation

Nasdaq Futures Climb as TSMC Boosts Tech Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.32% this morning, setting a new record high as an upbeat forecast from Taiwan Semiconductor Manufacturing Co. boosted sentiment.

Barchart

Tesco will do ‘whatever it can’ to keep down food prices amid Iran war

Tesco said that profits could dip over the current year as it flagged increased uncertainty linked to the conflict in the Middle East.

Evening Standard

Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad says

This estimate has doubled in three weeks, highlighting widespread damage before an April 8 ceasefire. Repair work will redirect existing capacity, causing project delays and global inflation beyond the region.

The Economic Times

Gunfire reported in Beirut as truce comes into effect – as it happened

This blog is now closed

The Guardian - AU

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The Guardian - AU

How South Korea plans to use the Iran crisis to spur a renewables revolution

Energy crisis unfolding in Middle East has added political urgency, and more funding, to transform South Korea’s solar industry

Barchart

Two-Minute Analysis: The Bull vs. Bear Cases for Gold and Silver Prices Now

A major driver of safe-haven demand is currently playing out in the Middle East war.

The Conversation

China’s Africa strategy is shifting and Iran conflict will speed it up

The global geoeconomic volatility wrought by the second Donald Trump US presidency and hostilities in the Middle East make the shift in China’s Africa strategy even more important for China and for Africa.

The Guardian - UK

Even the neocons have turned against wars in the Middle East

Millions have died as a result of disastrous US-led military adventurism. But there have been no consequences for those who championed it for so long, says Guardian columnist Owen Jones

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Radio France Internationale

Petrol stations reject French government plan to cap profit margins on fuel

Fuel distributors in France are strongly opposed to a government decree that aims to cap their profit margins as the war in the Middle East continues to drive up prices. Leading retailers warn the measure is hasty and unlikely to bring consumers much relief.

International Business Times UK

Europe's Jet Fuel Shortage Could Ground Flights Within Weeks — Summer Holidays Plans In Jeopardy?

The Airport Council International warned the EU of a potential jet fuel shortage due to Middle East tensions, which would disrupt summer travel and have severe economic repercussions.

The Independent UK

Trump’s Iran war has left Gulf leaders keen to see the back of the US president

ANALYSIS: Donald Trump has tried to woo the Middle East with high-profile visits and profitable business deals, but his chaotic Iran war has undone any good work, leaving Gulf leaders keen to see the end of the conflict and the US president’s meddling, writes world affairs editor Sam Kiley

International Business Times UK

JD Vance Heckled at TPUSA Event as Shout of 'You Are Killing Children' Causes Him to Stutter

Vice President JD Vance was heckled at a TPUSA event in Athens, Georgia, over US policy in Gaza, highlighting tensions within conservative circles regarding Middle East strategies.

Barchart

S&P Futures Muted After Rally, U.S. Economic Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM26) are trending down -0.04% this morning, taking a breather after a rally fueled by optimism about the prospect of a peace deal in the Middle East.

Evening Standard

Donald Trump says he's reopening Strait of Hormuz 'permanently' as Britain slams his war as a folly

Iran has blocked attempts by the US president to prize open the key strait in the Gulf

The Independent UK

Iran-US war latest: Trump announces historic talks between Lebanon and Israel with White House optimistic for peace

‘We feel good about the prospects of a deal”, White House Press Secretary Karoline Leavitt said

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