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The Latest Breaking News from Middle East

What is behind the Bank’s latest rates decision and inflation warnings?

Policymakers voted unanimously to keep rates at 3.75%, with cuts now looking to be off the table as the conflict in the Middle East escalates.

Evening Standard

'Europe must make itself heard' on Middle East war, says former EU commissioner

As EU leaders meet in Brussels for a high-stakes summit dominated by the war in the Middle East, Thierry Breton – former European commissioner for the Internal Market and France's former economy and finance minister – spoke to RFI about the current escalation and called on Europe to act in…

Radio France Internationale

Bill Ackman Makes Six-Figure Donations to Families of Fallen US Service Members Amid The Middle East War

Pershing Square CEO Bill Ackman has made several six-figure donations to the families of US service members killed in the Middle East and victims of ICE shootings.

International Business Times UK

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US Markets Crash After Fed Keeps Rates Unchanged as Oil Price Shock Amid the Middle East Conflict Plays Out

Crippled energy infrastructure in the Middle East continues to drive up price and compels the US Fed to keep rate unchanged.

International Business Times UK

Trump thinks brute force will arrest the US’s decline. His heavy-handed actions in Iran are only accelerating it

From Venezuela to the Middle East, this is gangsterism fused with colonialism. It repudiates the moral language through which US power once justified itself, says Guardian columnist Owen Jones

The Guardian - UK

Russia, the quiet winner? How Middle East war may be boosting Putin’s war chest

As Middle East tensions escalate, Russia is quietly positioning itself to benefit from the ensuing chaos. While global powers focus on the conflict, Moscow is leveraging diplomacy and energy markets to expand its influence. The crisis has boosted Russia's energy revenues and shifted international attention away from Ukraine, creating a…

The Times of India

Stocks Slip Before the Open as Oil Prices Advance, U.S. Economic Data and FedEx Earnings on Tap

March S&P 500 E-Mini futures (ESH26) are down -0.18%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.27% this morning as oil prices continued to rise amid escalating fighting in the Middle East.

Barchart

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Bank of England tipped to raise UK interest rates twice this year to fight inflation shock from Middle East crisis, as oil and gas prices rise – as it happened

UK central bank has left rates on hold, and warned that CPI inflation will be higher in the near term as a result of the ‘new shock to the economy’ from Iran war

The Guardian - UK

Trump's 'quagmire' nightmare: How US President could lose the Iran war even if his forces win every battle

‘The US now finds itself in the naval and air equivalent of the dynamic we faced in Iraq and Afghanistan,’ says Middle East expert Ilan Goldenberg

Evening Standard

State Department cut jobs with deep expertise in Middle East as Iran crisis escalates

The widening war in Iran is exposing big gaps at the State Department, especially in the bureau that handles the Middle East

The Independent UK

Pakistan cancels Republic Day parade as Middle East war triggers oil crisis, strains fuel supplies

Pakistan has cancelled its Republic Day parade on March 23 due to the Middle East crisis, which has triggered an oil crisis. The government cited austerity measures and the need to align with the nation's commitment to Pakistan Day ideals. This decision follows escalating tensions in the Gulf region and…

The Times of India

1,000 flights to Thailand cancelled amid Mideast war

Since war erupted in the Middle East late last month, about 1,000 Thailand-bound flights have been cancelled, according to Aeronautical Radio of Thailand.

Bangkok Post

Aussie shares plunge, oil prices spike as war escalates

The Australian stock market has fallen to its lowest level since November, with heavy losses for goldminers as the yellow metal fell to $US4,850.

AAP

Britain to make major move to defend forces in Middle East amid Iran threat

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The Independent UK

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The Independent UK

Greece launches an animal airlift to evacuate pets and their owners from the Mideast

Dozens of dogs and cats have arrived in Athens with their owners aboard a special evacuation flight for Greeks with pets who were trapped by the current war in the Middle East

Barchart

Crude Oil Prices Rise as Iran Threatens Attacks on Middle Eastern Energy Infrastructure

April WTI crude oil (CLJ26 ) on Wednesday closed up +0.11 (+0.11%), and April RBOB gasoline (RBJ26 ) closed down -0.0249 (-0.80%). Crude oil and gasoline prices fell back from sharp gains and settled mixed on Wednesday. Energy prices initially rallied sharply on Wednesday, with gasoline soaring to a 3.5-year...

The Guardian - UK

Canada in push for joint G7 and Middle East effort to de-escalate Iran war

Foreign minister Anita Anand says she has drafted principles to reduce risk of regional spillover and wider shocks

Fortune

The Fed holds rates steady and punts on the Middle East: 'uncertain'

The infamous dot-plot shows sharper-than-ever divisions between Fed officials.

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The Independent UK

Fifa to hold Middle East crisis meeting amid Iran World Cup uncertainty

American and Israeli airstrikes on Iran have placed their participation in the tournament in doubt

The Conversation

How hatred of Jews became a common ground for Islamic terrorists and left-wing extremists, fueling domestic terrorism

Every major escalation in the Middle East sends shock waves far beyond the region. In the United States, those shock waves arrive not as distant tremors but as catalysts for domestic radicalization and violence, particularly against Jewish communities.

Barchart

Crude Oil Jumps as Iran Said it Will Target Middle Eastern Oil Infrastructure

April WTI crude oil (CLJ26 ) today is up +2.83 (+2.94%), and April RBOB gasoline (RBJ26 ) is up +0.0907 (+2.90%). Crude oil and gasoline prices recovered from early losses and are sharply higher, with gasoline soaring to a 3.5-year high. Escalation of the Iran war is pushing energy prices...

Euronews

UN maritime body starts talks on Middle East shipping with Hormuz strait effectively closed

At least 21 ships have been hit, targeted or reported attacks since the start of the conflict, according to the UK Maritime Trade Operations, a naval monitor.

International Business Times

Is AWS Still Down? AWS Not Experiencing Global Outage, But Ongoing Disruptions Persist in Middle East Regions

Amazon Web Services (AWS), the world's largest cloud computing provider, is not down globally as of Tuesday evening in Seoul, but targeted operational issues continue to affect services in the Middle East, according to the company's official Health Dashboard and third-party monitoring sites.

Radio France Internationale

France rules out Hormuz military role as Macron defies Trump

French President Emmanuel Macron has ruled out any immediate French military involvement in securing the Strait of Hormuz, insisting that Paris will not take part in operations while active bombardments continue in the Middle East.

Barchart

S&P Futures Climb as Oil Prices Retreat in Run-Up to Fed Rate Decision, U.S. PPI Data and Micron Earnings on Tap

March S&P 500 E-Mini futures (ESH26) are trending up +0.50% this morning as oil prices retreated, while investors awaited the Federal Reserve’s interest rate decision, crucial U.S. producer inflation data, and an earnings report from chip maker Micron.

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