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The Latest Breaking News from Middle East

US construction spending inches up in May, but homebuilding weak

In May, US construction spending edged up by a mere 0.1%, influenced by increased mortgage rates partly due to tensions in the Middle East. While there was a slight boost in residential renovations, new single-family housing projects saw a downturn. Additionally, private nonresidential construction faced a decline, whereas state and…

The Economic Times

US-Iran indirect talks to resume after Khamenei funeral

DOHA, Qatar - The next indirect US-Iran talks will come after the funeral for the late supreme leader of Iran, mediators said on Thursday, as diplomacy inches ahead on ending the Middle East war.

Bangkok Post

US manufacturing activity eases in June; prices paid by factories remain elevated

US manufacturing activity saw a slight dip in June, following a robust May. While expansion continues for the sixth month, the pace has moderated. This slowdown is attributed to a fading boost from businesses stocking up ahead of potential supply chain disruptions and price hikes linked to Middle East tensions.

The Economic Times

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Gold volatility deters buyers, says Khon Kaen shop owner

KHON KAEN - Weeks of volatility in gold prices because of the conflict in the Middle East have taken a toll on activity at gold shops in this northeastern province, says a local proprietor.

Bangkok Post

Talks in Qatar after US-Iran deal: What we know

DOHA - US envoys met with Qatari mediators on Tuesday in Doha to discuss negotiations with Iran, the Gulf state said, after Tehran and Washington agreed a memorandum of understanding this month to halt the Middle East war.

Bangkok Post

US envoys met with mediators in Qatar, talks with Iran up in the air

US envoys met Qatari mediators in Doha on Tuesday for discussions on negotiations with Iran, even as both Tehran and Doha dismissed President Donald Trump's suggestion that direct US – Iran talks were taking place. The meetings come as both sides seek to implement a memorandum of understanding aimed at…

France 24

US stocks today: S&P 500, Nasdaq post best quarter since 2020 despite Iran war

Indian markets closed the quarter on a high, mirroring global trends with significant gains for the S&P 500 and Nasdaq, driven by optimism around economic and earnings growth. Despite geopolitical tensions, particularly concerning the Middle East conflict, investor sentiment remained robust. Technology stocks led the charge, with the Nasdaq celebrating…

The Economic Times

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US envoys Steve Witkoff, Jared Kushner meeting mediators in Doha

US envoys, including Steve Witkoff and Jared Kushner, are in Doha for talks with Qatari mediators concerning regional issues, notably Iran, Lebanon, and the ongoing Middle East conflict. While discussions will touch upon Iran, direct high-level negotiations between the US and Iran are not scheduled. Technical delegations are present to…

The Economic Times

China is a clear winner from Trump’s war in Middle East, report concludes

Beijing, whose stockpiles and renewables industry allowed it to withstand energy shock, is now gaining from global solar and EV push

The Guardian - UK

Strait of Hormuz: Strategic chokepoint in shadow of geopolitics

The Strait of Hormuz, a key chokepoint for the global trade of crude oil and liquefied natural gas, is at the centre of disputes in negotiations to end the Middle East war, even after the US and Iran signed a preliminary deal. About one-fifth of consumption of global oil and…

The Economic Times

Oil falls as investors focus on potential Iran-US talks in Doha

Oil prices dipped as markets keenly watched potential U.S.-Iran talks in Doha, following recent missile exchanges that tested a fragile ceasefire. While investors express cautious optimism for de-escalation and a return to normal shipping through the Strait of Hormuz, uncertainty lingers. Middle Eastern producers are actively loading oil and LNG,…

The Economic Times

Shop price inflation remains unchanged despite warnings of Middle East knock-on

Prices remained 1.2% higher than a year ago in June, the British Retail Consortium and NIQ said.

Evening Standard

Thai tourism worries as Chinese resume trips to Japan

The Tourism Authority of Thailand (TAT) is closely monitoring the revival of tourism ties between China and Japan, as this could potentially affect the inbound Chinese market to Thailand in the second half of the year, while the impacts of the Middle East conflict have yet to completely subside.

Bangkok Post

Trump says Iran meeting to take place in Qatar

TEHRAN - US President Donald Trump said Iran has requested a meeting that will be held in Qatar on Tuesday, despite Tehran earlier denying that any technical talks on the deal aimed at ending the Middle East war were planned.

Bangkok Post

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International Business Times UK

Expert Warns Crude Could CRASH Despite Middle East Tensions — Here's Why Petrol Prices May Plunge

Analysts predict oil prices may stabilise as supply improves and demand remains steady, despite ongoing tensions in the Middle East.

The Economic Times

Bitcoin slips below $60,000 as ETF outflows and middle east tensions weigh. Here is what experts say

Bitcoin dipped below $60,000 as significant ETF outflows and Middle East tensions impacted market sentiment.This marks Bitcoin's weakest June since mid-2022, with over $4 billion withdrawn from spot ETFs this month. Analysts highlight $60,000 as a critical resistance level, while persistent inflation concerns keep investors cautious about riskier assets like…

The Guardian - AU

Frank Lowy’s family subjected to 15,000 serious online hate attacks in one year, antisemitism commission hears

SBS and ABC called to Bondi attack inquiry as commission focuses on traditional and social media

The Economic Times

Oil climbs following renewed US, Iran strikes in Middle East

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed…

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The Guardian - AU

Ukraine war briefing: Putin expects US negotiators in Moscow; fuel rationing in Siberia as crisis bites

Russian president says he expects to host US representatives once Middle East crisis eases; Siberian region of Irkutsk sets 50-litre limit at state-run outlets. What we know on day 1,587

The Guardian - AU

Morning Mail: One Nation election finances face scrutiny, Trump’s new Iran threats, why your super already invests in AI

Electoral officials examine One Nation expenses; fresh strikes threaten Middle East peace talks

The Economic Times

Tehran-Dubai flights to resume Monday: Iranian media

Flights between Tehran and Dubai are set to resume on Monday, according to Iranian state media. This comes just weeks after Iran launched drone and missile strikes on UAE targets during the recent Middle East war. Dubai's airport, which had suspended operations due to attacks, will once again welcome flights…

International Business Times

Iran, US Trade Strikes In Blow To Middle East Peace Talks

Iran's Revolutionary Guard launched drone and missile attacks early on Sunday targeting Bahrain and Kuwait in response to US airstrikes.

The Guardian - UK

Donald Trump threatens to annihilate Iran after crossfire over Hormuz – as it happened

Iran attacked Bahrain and Kuwait after US strikes, and threatened a ‘complete halt’ to talks

The Economic Times

Asia's vendors grapple with rising costs of ever-present plastics

Rising plastic costs: Asian food vendors are struggling with soaring plastic costs, a direct consequence of the Middle East energy crisis. Despite a US-Iran deal, supply chain disruptions persist, particularly concerning the Strait of Hormuz. Vendors in Taipei and Bangkok report significant price hikes for essential items like bags and…

International Business Times

Iran Strikes Again As Tensions Resurface In Middle East

Iran launched fresh strikes in the Strait of Hormuz on Saturday as tensions escalated again in the Middle East threatening a fragile ceasefire agreement reached between Washington and Tehran earlier this month.

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