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The Latest Breaking News from Middle East

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Technology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market value. SpaceX slipped below a $2 trillion valuation for the first time since its IPO, while chipmakers and AI-linked megacaps extended losses amid valuation and rate concerns.

The Economic Times

UK economy faces contraction as private sector activity hits 14-month low

It also came as firms continued to increase prices in reaction to cost pressures from the Middle East conflict and government policy

The Independent UK

UK business growth slides to 14-month low as service sector shrinks

It also came as firms continued to increase prices in reaction to cost pressures from the Middle East conflict and government policy.

Evening Standard

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Monday ship traffic through Strait of Hormuz highest since start of war: monitor

A record 36 commodity carriers navigated the Strait of Hormuz on Monday, a significant uptick following a US-Iran memorandum to end the Middle East war. This surge, nearing a third of normal peacetime traffic, follows Iran's earlier closure of the vital waterway. Despite a recent reopening, Iran's assertion of administering…

The Economic Times

Iran won’t allow UN inspectors at bombed nuclear sites

TEHRAN - Iran said on Tuesday that the United Nations’ nuclear watchdog will not be able to inspect key nuclear sites bombed by the US and Israel last year, as the first round of talks to end the Middle East war wrapped up in Switzerland.

Bangkok Post

Grocery price inflation eases concerns about impact of Middle East crisis

Supermarket prices were 3% higher than a year ago in June, down from May’s 3.1% and April’s 3.8%, figures from Worldpanel by Numerator show.

Evening Standard

Dollar hits one-year high on Fed hike bets; yen nears 40-year low

The US dollar surged to a year-high on Tuesday, driven by expectations of a more aggressive Federal Reserve and ongoing Middle East uncertainty. Traders are anticipating rate hikes, with major banks revising their forecasts. Meanwhile, the Japanese yen teetered near a four-decade low, prompting speculation about potential intervention by Japanese…

The Economic Times

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‘Compound shock effect’: why the Middle East crisis and El Niño could spell disaster in south-east Asia

Millions of tonnes of the world’s food could be lost amid the uncertainties surrounding the strait of Hormuz and the dangers of a ‘Godzilla-strength’ El Niño

The Guardian - AU

Fertiliser prices set to fall as Mideast shipments resume

The price of fertilisers is trending downwards, with shipments from the Middle East currently en route to Thailand, says the Commerce Minister.

Bangkok Post

Veteran Middle East CEO says business in the region isn't retreating—it’s resetting

Also: All the news and watercooler chat from Fortune.

Fortune

US-Iran talks laid ‘very good foundation for a successful final deal’, says Vance – as happened

The vice president said the move represented a ‘major milestone’ in ending Iran’s nuclear programme

The Guardian - AU

US and Tehran disagree over whether Iran will allow nuclear inspections

US Vice President JD Vance said Monday that Iran had agreed to allow International Atomic Energy Agency inspectors back into the country. Iran’s foreign minister later refuted the claim, saying Tehran had not negotiated the nuclear issue or made any commitments during first-round US-Iran talks towards ending the Middle East…

France 24

Sensex rises 291 points, Nifty closes above 24,100; Tech Mahindra, Sun Pharma among top gainers

Indian stock markets saw a positive start on Monday, with Sensex and Nifty inching up after Friday's dip. Tech Mahindra led the gains, while Asian Paints bucked the trend. Investors are closely watching Middle East tensions and US-Iran talks, which are facing challenges. Analysts remain cautiously optimistic about the market's…

The Economic Times

Iran-US talks: Key takeaways from first round in Switzerland

Recent discussions between Iran and the US in Switzerland mark a promising step towards resolving the Middle East conflict, facilitated by Pakistan and Qatar. The two countries have established a timeline to reach a conclusive agreement within 60 days, which encompasses creating a de-confliction cell for Lebanon and a communication…

The Economic Times

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The Economic Times

Global Market Today: Asian stocks slip, oil up on peace doubts

Global markets saw a dip as Middle East tensions escalated, pushing oil prices and bond yields higher, signaling increased U.S. interest rate risk. Political uncertainty in the UK also weighed on sterling. Investors are now keenly watching upcoming U.S. inflation data and central bank commentary for further clues on monetary…

The Economic Times

Iran warns US to 'be careful' after Trump threat

Iran has cautioned the US to "be careful" following President Trump's threats to strike over Hezbollah support, even as both nations engage in crucial talks in Switzerland to end the Middle East war. Despite hopes for a new era, disagreements persist, with Iran vowing retaliation and Israel reinforcing its presence…

International Business Times

Despite Trump Threats, US-Iran Talks Veer To A 'Constructive Atmosphere'

US Vice President J D Vance, who kickstarted direct talks with Iranian negotiators, had hinted at progress to end the Middle East conflict. President Donald Trump posted a threatening message aimed at Iran, sparking concerns that the talks could get derailed.

The Economic Times

Israel army chief in south Lebanon, says Hezbollah in 'difficult position'

Israel's military chief declared Hezbollah severely weakened and in a "very difficult position" after clashes in southern Lebanon. This comes as the US and Iran pursue a broader Middle East war ceasefire, with the Lebanese conflict threatening the deal. Despite a new announcement, fighting persisted, though a lull was observed.…

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France 24

🔴 Live: US, Iran begin talks as Lebanon conflict threatens deal

This liveblog is now closed.

The Economic Times

US VP JD Vance departs Washington for Iran deal talks in Switzerland

US Vice President JD Vance is en route to Switzerland for crucial talks with Iran aimed at solidifying a deal to end the Middle East war. Discussions will center on Iran's nuclear program and the fragile Lebanon ceasefire, which has seen recent violations. Vance expressed optimism for progress, acknowledging the…

The Guardian - AU

Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next?

Fuel suppliers outside the Middle East have proved to be much more flexible than analysts expected – and China surprised everyone

International Business Times

Hormuz Shut, Lebanon In Dire Straits, Peace Talks Steer To Swiss Setting

Iran said on Saturday it has shut the Strait of Hormuz just days after a peace deal to end hostilities in the Middle East was signed with the US, in response to Israeli strikes in Lebanon that killed dozens.

Bangkok Post

Diplomats at Swiss retreat lay groundwork for US-Iran talks

GENEVA - Diplomats from several countries were meeting Saturday at a Swiss retreat in a bid to maintain dialogue on the preliminary US-Iran deal to halt the Middle East war, said Bern.

The Economic Times

Iran shuts the doors to Strait of Hormuz; alleges US, Israeli violations of ceasefire MOU

Iran has declared the Strait of Hormuz closed, citing alleged violations of a recent Middle East war ceasefire by the US and Israel. This move, described as a "first step" by Iran's military, signals potential further action if perceived aggression persists. The announcement precedes crucial talks between Iranian and US…

The Times of India

Watch: Spanish MEP mimics Marilyn Monroe to sing 'Happy Birthday, Mr Genocide' to Trump in Parliament

Spanish Member of the European Parliament Irene Montero went viral after singing her own sarcastic rendition of "Happy Birthday" to US President Donald Trump, ending with the line "Happy Birthday, Mr Genocide," during a Middle East policy debate.

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