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The Latest Breaking News from the Middle East

Tell us: how are you adjusting your household finances as the Iran war pushes up costs?

We’d like to hear how you’re adapting your expenditure as the cost of living rises amid the conflict in the Middle East

The Guardian - UK

Trump aides fear Iran could turn into a drawn-out ‘Cold War situation’ with no deal — but no bombs either

Trump promised that the U.S. would not be dragged into a lengthy conflict in the Middle East

The Independent UK

ASX extends losses as Gulf worries buoy oil prices

Investor sentiment remains under pressure after weeks of earnings downgrades and the Middle East energy crisis weighing on hopes of future economic growth.

AAP

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Aussie travellers on the go as Asian airport hubs shine

Australians still have the travel bug, despite the uncertain geopolitical environment created by the Middle East crisis, according to our busiest airport.

AAP

Stealth bombers urged as cover for nuclear submarines

A coalition senator and AUKUS "true believer" wants the federal government to consider long-range bombers in a bid to ensure Australia isn't exposed.

AAP

Complex that supplies 70% of global critical PCB base targeted in Iranian strike — attack could fracture the already disrupted electronics supply chain

Tom’s Hardware

Trump Panics as Iran-US War 1 May Deadline Nears: Will Trump Defy the Law or Will Congress Let the War Go On?

President Trump's military campaign against Iran faces a critical legal deadline under the War Powers Resolution, requiring congressional approval by 1 May to avoid being deemed illegal.

International Business Times UK

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El-Sisi warns Middle East faces ‘attempts to redraw map’, calls for Gulf role in any Iran deal

The Egyptian president warned that the Middle East is entering a “critical phase”, with attempts to redraw its map, and called for state sovereignty to be respected.

Euronews

Trickle-down impacts of Middle East war, from pistachios, to copper, to leather

As oil prices surge and key shipping routes close because of the war in the Middle East, the downstream effects are impacting different markets around the world, from pistachios and bananas to luxury leather goods, as industries are being forced to adapt to disrupted supply chains and increased costs.

Radio France Internationale

Cheap spirits, pricey condoms: how war in the Middle East is shifting the way Australians spend

Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare

The Guardian - AU

Charting the global economy: Euro area business activity sags

Euro area business activity contracted as the services sector weakened due to the Middle East war, while US retail sales surged, indicating a resilient consumer.

The Economic Times

British Airways warns of higher airfares as UK govt monitors oil price surge amid Iran war

The ongoing conflict in the Middle East, linked to the wider Iran war situation, has sparked a rise in global oil prices after disruption concerns around the Strait of Hormuz.

The Times of India

EU considers helping with Mideast energy infrastructure to bypass conflict zones

Top European Union officials say the bloc is looking into funding alternative energy infrastructure in the Middle East that would circumvent conflict hot spots like the Strait of Hormuz

The Independent UK

War in the Middle East is stressing Europe's hard-learned lessons about fossil fuel dependency from 2022

It’s Europe’s second major energy crisis in just four years. The continent’s reliance on fuel imports is the common thread.

Fortune

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Barchart

Will Differentials Between U.S. and European/Asian Natural Gas Prices Support U.S. Prices?

U.S. natural gas prices have declined, but European and Asian prices remain elevated in April 2026. The hostilities in the Middle East and the ongoing war in Ukraine have raised concerns about natural gas supplies to Europe and Asia, which depend on imports.

Evening Standard

Food inflation may jump to 7% as energy prices rise, firms tell Bank of England

Bank officials also found that the conflict in the Middle East has ‘eroded’ confidence that the economy will improve.

Euronews

How is the Iran war changing the way Europeans travel?

Jet-setting appetites among Europeans may have climbed, but tensions in the Middle East mean more travellers are concerned about safety when considering going abroad.

The Independent UK

What to do if your flight is canceled amid rocketing jet fuel costs

The pressure of jet fuel shortages are arriving at a time when summer travel demand is ramping up

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The Conversation

Anzac then and now: as trans-Tasman defence relations get closer, NZ must be on guard

Anzac Day 2026 arrives in tumultuous times: unresolved conflict in the Middle East, the erosion of the old international order, the famous Doomsday Clock set closer to midnight than ever before.

Barchart

Dollar Climbs as Crude Prices Jump and Stocks Fall

The dollar index (DXY00 ) climbed to a 1.5-week high on Thursday and finished up by +0.22%. The dollar remains supported amid persistent tensions in the Middle East, which is boosting safe-haven demand for the dollar. Also, rising crude oil prices are pushing up inflation expectations, a hawkish factor for...

Latin Times

Air defenses activated in Tehran as Iran reports 'hostile targets' amid rising regional tensions

Air defense systems were activated across parts of Tehran late Thursday, according to Iranian state-affiliated media, in a development that underscores the fragile and increasingly volatile security situation in the Middle East.

The Guardian - UK

UK prepared to deploy RAF Typhoons to keep strait of Hormuz open after Iran war

Proposal at heart of offer made during a 30-country two-day meeting jointly organised by France

The Guardian - UK

EU formally approves €90bn Ukraine loan and 20th sanctions package against Russia

Ursula von der Leyen hails ‘good news’ after Hungary’s lifting of vetoes allows leaders to sign off on agreements

Barchart

Middle East Tensions Support the Dollar

The dollar index (DXY00 ) today climbed to a 1.5-week high and is up by +0.04%. The dollar remains supported amid persistent tensions in the Middle East, which is boosting safe-haven demand for the dollar. Also, rising crude oil prices are pushing up inflation expectations, a hawkish factor for Fed...

The Independent UK

Fallout from Iran war is ‘major new threat to foreign aid’

There are growing concerns that the economic fallout from the current conflict in the Middle East will push Gulf nations – who collectively provided more humanitarian aid than the US last year – turning away from foreign assistance

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