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The Latest Breaking News from Middle East

Middle East live: 12.5 million oil barrels transited the Strait of Hormuz overnight, Vance says

Vice President JD Vance said Thursday that more than 12.5 million barrels of oil passed through the Strait of Hormuz overnight as the US lifted its blockade of Iran, the highest level since the war began in late February. The rise in traffic comes after the signing of a memorandum…

France 24

Peace deal unlikely to revive tourism

Hotels and airlines remain cautious about the potential end of the Middle East conflict as the positive impact could be delayed due to a steep slowdown in purchasing power, particularly among domestic tourists, during this low season.

Bangkok Post

Six takeaways from the G7 summit in Évian

G7 leaders gathered in France for a high-stakes meeting over the last three days to discuss Ukraine, the Middle East and world challenges. Here is what you need to know.

Euronews

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Trump says Iran accord to be signed 'shortly', 'maybe' Thursday or Friday

EVIAN (FRANCE) - US President Donald Trump said Wednesday he expected the accord with Iran ending the Middle East war to be signed "shortly" but cast uncertainty over the exact date.

Bangkok Post

Trump says Israel has Iran MoU copy as deal nears; calls Iranians ‘tough negotiators’

US President Donald Trump revealed Israel received a proposed Iran nuclear deal draft. He expressed optimism for a swift agreement and announced immediate technical talks on Iran's nuclear stockpiles. Trump warned of renewed military strikes if Iran breaches the deal. He also outlined parallel diplomatic efforts with Gulf nations on…

The Economic Times

Israel continues strikes on Lebanon ahead of anticipated US-Iran framework deal

While violence has declined in Lebanon since a US-Iran agreement to end the Middle East war was announced on Monday, Israeli strikes on the south have killed at least five people since the deal, according to Lebanese state media.

Euronews

US retail sales beat expectations in May as energy costs stay high

US retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent increase in spending at gas stations. This surge, fueled by elevated energy costs due to the Middle East war, indicates robust consumer spending despite inflation pressures.

The Economic Times

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BMW warns of ‘significant’ profit decline as shares fall 7%

The German luxury carmaker lowered its profit outlook for 2026 as sales slump in China and the conflict in the Middle East weighs on energy prices and consumer confidence.

Euronews

Japan's Nikkei closes at record high near 70,000 on AI boost

Japan's Nikkei share index hit a new record high for the third day running on Wednesday. The index closed just below the 70,000 mark. Easing Middle East conflict worries and strong buying in AI stocks boosted the market. Investors are also awaiting the US Federal Reserve's policy decision. Oil prices…

The Economic Times

IHCL's domestic hotel demand strong even as Middle East crisis drags on Dubai business: Puneet Chhatwal

Indian Hotels Company Limited anticipates a year-long recovery for its Dubai hotels due to the Middle East crisis, though domestic business remains robust. Despite this, the company is on track for 12-14% topline growth, driven by its expanding capital-light management fee business and a strong pipeline of new hotel openings…

The Economic Times

Australia relaxes Gulf travel advice in boost for Middle Eastern airlines

Australians can now travel to the UAE, Qatar, Bahrain, Israel, and Kuwait. The government has eased travel warnings for these nations. This change follows a deal between the US and Iran. Gulf airlines are expected to benefit. Airfares may also see adjustments. Travelers can now secure insurance for these routes.

The Economic Times

IEA sees gradual Hormuz recovery tipping into significant 2027 surplus

The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the…

The Economic Times

Oil prices fall after peace deal signed – as it happened

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The Guardian - UK

Iran and US Chose to Sign Landmark Peace Deal in Geneva: What Other Treaties Have Been Inked There as Well?

Geneva is set to host a US-Iran memorandum of understanding, continuing its legacy as a neutral ground for significant global agreements, including the Geneva Conventions and Middle East peace pacts.

International Business Times UK

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France 24

Trump and Iranian President sign US-Iran agreement, US official says

US President Donald Trump has signed a deal with Iran to end the Middle East war, a US official told AFP on Wednesday after Axios reported that the signing took place during a dinner with France's president. Iran's Foreign Ministry's spokesman also confirmed it had signed deal with US. Read…

AAP

FED:Mideast deal gives travel firm an 'earnings tailwind'

A government decision to raise travel advice for the Middle East could provide a tailwind for a major travel company, after it downgraded its 2025/56 earnings.

AAP

Mideast deal gives travel firm an 'earnings tailwind'

A government decision to raise travel advice for the Middle East could provide a tailwind for a major travel company, after it downgraded its 2025/26 earnings.

Latin Times

The New Crude Rush: Oil Executives Gamble on Venezuela to Bypass Middle East Chaos

Middle East supply fears prompt global oil companies to pivot to Venezuela, sparking a corporate land grab as the U.S. prioritizes stability over democracy.

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Bangkok Post

TAT slashes long-haul arrival forecast to 10 million

The Tourism Authority of Thailand (TAT) has slashed its long-haul arrival forecast to 10 million this year, on par with last year, mainly attributed to the Middle East conflict.

France 24

Can Hormuz be bypassed? Past shows commercial viability may simply not be there, analyst says

On Tuesday, leaders at the G7 summit in Evian-les-Bains were seeking to identify alternative routes to bypass the Strait of Hormuz, which US President Donald Trump said would be "completely open" on Friday. Speaking with FRANCE 24's Sharon Gaffney, Maisoon H Kafafy, Senior Advisor to the Atlantic Council's Middle East…

The Economic Times

US-Iran deal to be signed in Switzerland on Friday: Swiss Foreign Ministry

A significant deal between the United States and Iran to end the Middle East war is set to be signed this Friday. The historic agreement will be finalized at the secure Burgenstock resort in Switzerland. This development follows weeks of intense negotiations between the two nations.

Bangkok Post

Switzerland confirms Friday signing for US-Iran deal

GENEVA - A US-Iran deal aimed at ending the Middle East war will be signed at the Swiss mountainside resort of Burgenstock on Friday, the country’s foreign ministry said on Tuesday.

AAP

FREELANDER 8 Makes First Public Appearance Ahead of Official Abu Dhabi Launch

WUHU, China, June 16, 2026 (GLOBE NEWSWIRE) -- In a significant milestone for the global premium new energy vehicle industry, FREELANDER 8 made its first public appearance at the Abu Dhabi Investment Forum held at The Peninsula Shanghai on June 11, 2026. The showcase comes as FREELANDER prepares for its…

AAP

G7 Leaders Confront Middle East Crisis with Joint Israeli-Palestinian Proposals in Hand

ÉVIAN, France, June 16, 2026 /PRNewswire/ -- As heads of government and top diplomats arrived at this week's G7 Leaders' Summit in Évian-les-Bains, they are entering intense policy discussions around the Middle East crisis with a groundbreaking blueprint in hand: fresh multilateral funding commitments and a set of comprehensive recommendations…

France 24

How can a joint France-UK mission help restart shipping in the Strait of Hormuz?

A joint France and UK-led naval mission is ready to deploy to the Strait of Hormuz following an interim agreement between the US and Iran to end the Middle East war. Backed by around 20 countries, the mission aims to draw on widespread logistical know-how and resources to help clear…

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