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The Latest Breaking News from the Middle East

Strait of Hormuz oil crisis: An opportunity for Syria?

In the show this week, we look at how Syria could benefit from the oil crisis triggered by tensions in the Strait of Hormuz. After Iran effectively closed the strategic waterway, Syria's Mediterranean port of Baniyas found itself emerging as a hub for crude oil transported overland from the UAE…

France 24

PVH Q1 Earnings Call Highlights

PVH (NYSE:PVH) said it met or exceeded its key first-quarter financial targets, helped by growth in direct-to-consumer sales and e-commerce, but lowered its full-year revenue outlook because of what executives described as the prolonged effects of the Middle East conflict on its EMEA business. Chie

MarketBeat

Iran and the US both think they are winning the war. The truth is they are both losing

The current ceasefire has held just enough to prevent a return to all-out war, but neither side is close to achieving peace, says Sanam Vakil, director of the Middle East and North Africa programme at Chatham House

The Guardian - UK

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British Airways extends Dubai flight suspension until autumn

The UK flag carrier airline suspended most of its flights to the Middle East shortly after the war broke out

The Independent UK

Global stocks struggle after chipmaker's dive

Share markets have retreated following renewed US-Iran hostilities and a blip in the AI rally, while oil edged back after an Israel-Lebanon ceasefire.

AAP

Japan sees shortage of plastic bags, trays and gloves, as Iran war-induced naphtha shortage worsens

The Middle East is Japan’s main source of crude oil, from which naphtha is extracted and used to make items including printing ink and plastics

The Guardian - AU

Stocks Drop As U.S. And Iran Trade New Strikes In The Middle East

Stocks dropped and oil climbed on Wednesday as the U.S. and Iran traded new strikes and talks remain stalled.

International Business Times

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Up to 1.3 million EU jobs at risk due to war in the Middle East

The European Commission has raised the alarm over the economic impact of the conflict, warning that energy-intensive industries face the greatest risk of job losses.

Euronews

Report: Disruption of Mideast energy supplies into next year would slam global economy

Prolonged disruption of energy supplies from the Middle East that lasts into next year would deal a severe blow to the global economy

The Independent UK

OECD cuts 2026 global growth forecast and warns of recession risk if Iran war persists

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Euronews

OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact.…

The Economic Times

Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?

The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot

The Guardian - AU

The Guardian view on Trump and Lebanon: civilians need lasting peace, not short-term patches

Editorial: The US president seeks to curb Israel’s intensified offensive as he looks for an exit from war with Iran, but turmoil in the Middle East will not easily be ended

The Guardian - UK

Miners lift FTSE 100 while oil price heads lower

Events in the Middle East continue to dictate the mood in the markets.

Evening Standard

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Evening Standard

Inflation target should not be increased, says Bank governor

Andrew Bailey he believes inflation would currently be at the 2% target level were it not for the conflict in the Middle East.

The Conversation

Europe is spending billions on deporting migrants. Why the strategy isn’t working

For over a decade, the European Union (EU) has relied on external partnerships to increase the return of migrants who don’t have the right to stay in Europe. It has used a growing web of funding instruments, projects and bilateral arrangements to get countries in Africa and the Middle East…

MarketBeat

BW LPG Q1 Earnings Call Highlights

BW LPG (NYSE:BWLP) reported sharply higher first-quarter earnings and announced a major fleet renewal program, as management said geopolitical disruptions in the Middle East and shifting LPG trade flows have pushed very large gas carrier freight rates to historically elevated levels. Chief Executiv

Barchart

Stock Index Futures Muted as Investors Parse Middle East Developments, U.S. JOLTS Report in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.14%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.01% this morning, taking a breather after a recent rally, while investors assess the prospects for an end to the Middle East conflict.

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International Business Times UK

How Did Iran Hit 20 US Bases and Destroy Dozens of Jets? Inside the Billion-Dollar Losses

Iranian strikes on US bases in the Middle East have caused billions in damage, with satellite analysis revealing extensive destruction across multiple countries

MarketBeat

Marriott International Says Travel Demand Stays Strong Despite Middle East RevPAR Drag

Marriott International (NASDAQ:MAR) Chief Financial Officer Jen Mason said travel demand remains broadly healthy, with leisure and group travel showing strength, while the Middle East remains the company’s primary near-term headwind. Speaking at a Morgan Stanley investor conference, Mason, who rece

The Economic Times

Why is gold price down today, and will precious metals continue to drop or rise again? Gold falls as inflation concerns grow amid Middle East conflict

Why is gold price down today, and will precious metals continue to drop or rise again? Gold prices declined after rising inflation concerns linked to the Middle East conflict increased expectations that interest rates could remain higher for longer. A stronger U.S. dollar also weighed on bullion prices. Investors are…

The Economic Times

Why are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices surge as Iran talks stall and supply concerns return

Why are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved higher after Iran suspended negotiations with the United States and concerns returned over crude supplies through the Strait of Hormuz. Brent crude and US WTI futures gained…

International Business Times UK

Donald Trump Exposed: Pentagon Hid Iranian Strike Damage on 28 US Bases as POTUS Claims Victory in Iran War

Recent reports and satellite imagery reveal significant damage to US military sites in the Middle East, challenging Trump's claims of a decisive victory over Iran.

International Business Times

Oil Soars As U.S.-Iran Negotiations Stall And Clashes Escalate Through The Middle East

Oil is soaring on Monday as negotiations between the U.S. and Iran stall and clashes escalate again throughout the Middle East.

Euronews

EasyJet shares rally as Castlelake weighs possible takeover offer

The budget airline's stock rose more than 12% after Castlelake said it was considering a possible offer. Prior to the rally, easyJet shares had fallen by around 23% over the past year against a backdrop of higher fuel costs and uncertainty linked to tensions in the Middle East.

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