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The Latest Breaking News from the Middle East

Trump says deal to end war will be signed on Sunday, Iran questions timing

Pakistan and the U.S. announced an initial deal to end the Middle East war, with an electronic signing planned for Sunday. Iran, however, denied the immediate signing, citing hesitation from the other side. The proposed agreement includes reopening the Strait of Hormuz and releasing frozen Iranian assets, though details on…

The Economic Times

Iran To Hold Khamenei Funeral As Mediators Dangle Requiem For Middle East Conflict

Khamenei was killed in the initial wave of strikes unleashed by the Israel and the United States on February 28, plunging the Middle East into a conflict that has stretched on to more than 100 days.

International Business Times

US and Iran prepared for a ground war over uranium before truce talks drew closer: Report

The United States and Iran appear closer than ever to signing a deal aimed at ending months of conflict across the Middle East. Pakistani Prime Minister Shehbaz Sharif said on Friday that Washington and Tehran had agreed on a "final, agreed upon text", while Iranian Foreign Minister Abbas Araghchi said…

The Times of India

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Pakistan PM says US-Iran peace deal signing expected within 24 hours

Pakistan's Prime Minister Shehbaz Sharif announced a significant development. The United States and Iran have reached an agreement on a peace deal framework. This accord is set to end the ongoing conflict in the Middle East. A final text has been agreed upon. Pakistan is now preparing for an electronic…

The Economic Times

US says downed multiple Iran drones as both insist deal closer

The United States said it downed multiple Iranian drones targeting commercial ships in the Strait of Hormuz early Saturday, hours after both sides said a deal to end the Middle East war was closer than ever.

Radio France Internationale

Oil nears two-month lows on reports of imminent US-Iran peace deal

Oil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agreement to de-escalate tensions in the Middle East. Reports suggested a memorandum could be signed soon, impacting global oil markets and the Strait of Hormuz.

The Economic Times

'We need more clean, homegrown, cheap European energy': EU Climate Commissioner

With Europeans sizzling in a record-breaking heatwave in May, and lands and rivers facing severe drought conditions in April, the effects of extreme climate-related events are becoming increasingly obvious. We sit down with the EU's Commissioner for Climate, Net Zero and Clean Growth, Dutch politician Wopke Hoekstra, to talk about…

France 24

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Why Have Heating Oil and Distillate Prices Been Volatile?

NYMEX heating oil futures are a proxy for jet and diesel fuels, which are middle distillate products. Since Brent crude oil has a slightly higher sulfur content than West Texas Intermediate crude oil, Brent is more appropriate for refining into middle distillate products.

Barchart

UK economy shrinks in April as the Iran war energy shock takes a toll

Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025, as the conflict in the Middle East pushed up energy costs and prompted households to rein in their spending.

Euronews

UK economy shrinks in April as Middle East war hits

Britain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister Keir Starmer as he grapples with a political crisis. "We expect the economy to continue to fade as the year goes on, and particularly for as long as…

The Economic Times

Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap…

The Economic Times

The UK economy contracted by 0.1% in April

In the three months to April, GDP grew by 0.7 per cent, according to the Office for National Statistics

Evening Standard

Oil price falls to three-month low and stocks rally on hopes of US-Iran deal

Financial markets were rebounding at the end of a week which began with renewed tensions in the Middle East.

Evening Standard

Israeli and Palestinian groups urge action on two-state solution in Paris

Israeli and Palestinian civil society groups will meet in Paris on Friday to urge the international community not to abandon a two-state solution, as France seeks to keep the issue on the agenda amid the ongoing war in the Middle East.

Radio France Internationale

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The Independent UK

UK economy shrank by 0.1% in April following impact of Iran war

Rachel Reeves acknowledged that the war in the Middle East was hitting the economy

France 24

'Acknowledging rights and needs of Israelis and Palestinians: Shared path towards a secure future'

François Picard is pleased to welcome Avi Meyerstein, co-founder and president of the Alliance for Middle East Peace (ALLMEP). At a moment when international attention is increasingly consumed by conflict across the Middle East, Meyer argues that the crises currently unfolding are not isolated events but manifestations of unresolved political…

Bangkok Post

Refiners adjust sourcing as war rattles markets

Thailand's major oil refineries continue to operate smoothly and supply the nation with refined oil despite escalating conflict in the Middle East, according to the Federation of Thai Industries' Petroleum Refining Industry Club.

Euronews

Iran says no decision made on peace deal with US after Trump touts 'great settlement'

Trump said on Thursday that the two sides had reached a "great settlement" over the war and that it could be finalised over the next few days.

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Evening Standard

FTSE 100 closes higher despite Middle East tensions and ECB rate hike

The FTSE 100 closed up 49.07 points, 0.5%, at 10,303.88.

AAP

Trump threatens to seize Iranian island vital to oil exports, as ceasefire teeters

U.S. President Donald Trump is threatening major strikes on Iran and to seize control of its oil and gas industries as escalating attacks between the countries push the Middle East closer to full-scale war

Evening Standard

Trump threatens to seize control of Iran’s oil industry as attacks continue

The US raises the stakes as the continued exchange of fire risks the return of a full-scale conflict in the Middle East.

The Guardian - UK

Global growth is slowing to lowest level since pandemic, says World Bank

Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East

AAP

Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

U.S. President Donald Trump threatens to launch major strikes on Iran and seize control of its oil and gas industries as continuing attacks between the warring countries pushed the Middle East closer to the resumption of a full-scale war

The Economic Times

ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation

The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This move aims to combat accelerating inflation, driven by the Middle East war's energy shock, despite concerns for the struggling eurozone economy. The ECB also lowered its growth…

The Economic Times

About 19 million from India and several other countries migrated to Gulf countries since 2010: Study

A new study reveals that approximately 19 million people have migrated from India, Pakistan, and Bangladesh to the Middle East since 2010, averaging 1.35 million annually. This upward trend, driven by demographic shifts and economic development, highlights the growing significance of migration flows, particularly from South Asia.

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Ayatollah Ali Khamenei

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