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The Latest Breaking News from Middle East

Global Market Today: Asian stocks rise on Iran optimism, Nvidia slips

Asian equities surged, mirroring Wall Street's gains as optimism surrounding US-Iran talks eased Middle East tensions. Crude oil and bond yields declined, while South Korean stocks and Samsung Electronics saw significant increases. Despite a general market rebound, Nvidia's shares experienced a slight dip following its sales forecast.

The Economic Times

Iran warns any renewed conflict with the US could spread 'far beyond the Middle East'

Iran said on Wednesday it was examining a new US proposal to end the Middle East war, as President Donald Trump described the talks as being on the "borderline" between a deal and renewed strikes. Ghalibaf warned of a "forceful response", while Iran's Revolutionary Guards said any renewed conflict would…

The Economic Times

Chinese jewellery brand targets Southeast Asia

Unfazed by prolonged geopolitical conflict in the Middle East, leading Chinese jewellery brand Chow Tai Fook (CTF) has expanded internationally, eyeing more outlets in Southeast Asia in addition to its recently opened concept store in Bangkok.

Bangkok Post

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UK quietly eases Russian oil sanctions as petrol prices climb to highest since 2022 amid Iran conflict

Britain is recalibrating its approach to Russian oil imports by introducing restrictions on refined products at a measured pace. This strategy, driven by escalating energy market volatility linked to conflicts in the Middle East and climbing fuel prices, seeks to mitigate the risk of abrupt supply shortages.

The Times of India

UK eases sanctions on Russian jet fuel and diesel

LONDON - British Prime Minister Keir Starmer has defended a contentious move to ease sanctions on imports of Russian jet fuel and diesel as the Middle East war causes prices to spiral.

Bangkok Post

Treasury Selloff Deepens As Inflation Fears And Middle East War Continue Pressuring Markets

The 30-year Treasury yield climbed above 5.19% as investors reacted to inflation pressures, weak demand for long-term debt, and mounting global economic uncertainty.

International Business Times

The UN has bad news for global growth as Middle East crisis continues

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe among the hardest hit.

Euronews

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Iran warns of war beyond Mideast as Trump repeats threats

TEHRAN - Iran warned on Wednesday that the Middle East war would spread far beyond the region if the United States and Israel resumed their attacks, after President Donald Trump threatened to strike again unless a deal is reached.

Bangkok Post

Nasdaq Futures Climb as Bond Yields Fall, Nvidia Earnings in Focus

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.

Barchart

Why has inflation gone down and where will it go from here?

Economists said April’s inflation fall will only be a brief respite before the Middle East conflict sends prices spiking again.

Evening Standard

Why has UK inflation gone down? What economic experts say will happen next

ONS reported that the Consumer Prices Index inflation fell to 2.8 per cent

The Independent UK

Xi tells Putin it's 'imperative' to stop conflict in Middle East – but not Ukraine

The current international situation is "complex and volatile, with "unilateral hegemony running rampant", the Chinese president said as he welcomed Vladimir Putin to Beijing on Wednesday morning.

Euronews

Xi welcomes Putin in Beijing, hails China’s ‘unyielding’ ties with Russia

Chinese President Xi Jinping on Wednesday welcomed Russian President Vladimir Putin in Beijing at the start of a visit focused on energy security. While Xi hailed his country's "unyielding" ties with Russia, Putin praised the "unprecedentedly high level" of bilateral cooperation despite "unfavourable external factors", without naming any third country.

France 24

India prepares to send oil tankers through Hormuz for new supply

India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval…

The Economic Times

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The Economic Times

Oil Price Today (May 20): Crude oil dips for second day as Trump says Iran war could end ‘very quickly’. Is the worst behind?

Oil prices dipped for a second day as President Trump suggested a swift end to the Iran conflict. However, market caution persists due to ongoing peace negotiation uncertainties and Middle East supply disruptions. Experts warn prices will remain elevated due to potential renewed strikes and slow supply recovery.

The Economic Times

Oil prices ease after Trump says US will end Iran war 'very quickly'

Oil prices dipped as President Trump suggested a swift end to the Iran conflict, yet market jitters persist. Peace talks face uncertainty, with supply disruptions in the Middle East continuing. Analysts warn of sustained high prices due to potential renewed attacks and slow supply recovery, even if a deal is…

Bangkok Post

SSO backs telemedicine

The Social Security Office (SSO) is giving financial support to telemedicine services for patients with 26 chronic illnesses, which would reduce travel costs during the ongoing fuel price crisis linked to conflict in the Middle East.

AAP

UN lowers forecast for global economic growth in 2026

The UN has cut its forecast for global economic growth, saying the Middle East crisis has reignited inflationary pressures and ‌heightened uncertainty.

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AAP

US:UN lowers forecast for global economic growth in 2026

The UN has cut its forecast for global economic growth, saying the Middle East crisis has reignited inflationary pressures and ‌heightened uncertainty.

The Independent UK

UN lowers forecast for global economic growth in 2026 over Mideast energy crisis

The United Nations has lowered its forecast for global economic growth and raised the prospects for inflation in response to Middle East crises and rising oil prices

France 24

DR Congo's latest Ebola outbreak tough to tackle

In tonight's edition: The World Health Organization is warning that it's unlikely the Ebola outbreak will be over in the next two months. Also, a Kenyan transport strike triggered by rising fuel prices due to the Middle East war is paused after causing four deaths and major economic disruption. Plus…

The Economic Times

Why are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil settles lower after Iran talks progress

Why are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil prices fell after the United States said talks with Iran showed progress and military action was paused. Brent and WTI futures dropped after recent highs. Supply risks in the Middle…

The Economic Times

Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman says

India's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting its import strategy. The state-run refiner is running at 115% capacity, with Russian oil discounts narrowing significantly. Despite recent price hikes, BPCL continues to face losses on diesel and petrol sales.

The Economic Times

Yield on US long-term bond hits highest level since 2007

The yield on the 30-year US Treasury bond touched its highest level since 2007 on Tuesday, a sign of rising worries over inflation amid the Middle East war. Rising bond yields are also becoming a greater concern in Europe.

The Economic Times

G7 finance ministers vow cooperation to face 'heightened risks'

Global economic leaders met in Paris to tackle instability caused by the Middle East war. They pledged cooperation to manage challenges like energy and food supply disruptions. Discussions also covered tariffs and Russia. The G7 aims for coordinated responses to global economic risks. Leaders will meet again in Evian to…

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