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The Latest Breaking News from the Middle East

Gold at over one-week low as dollar, yields climb, Middle East tensions stoke inflation

Gold prices have fallen to a one-week low. This decline is driven by rising U.S. Treasury yields and a stronger dollar. Inflation fears from the Middle East conflict are also pushing interest rate hike expectations. Other precious metals like silver, platinum, and palladium have also seen significant drops. Investors are…

The Economic Times

US stocks today: US stocks fall as higher yields threaten AI-led rally

Wall Street declined as rising Treasury yields and inflation concerns tied to the Middle East conflict weighed on sentiment. Tech stocks led losses, with chipmakers sliding, while markets priced in higher odds of a Fed rate hike amid persistent price pressures.

The Economic Times

Famine looms in Somalia amid drought, dwindling aid and Middle East war

Six million people in Somalia are facing crisis levels of food insecurity from a lack of rain and spiking food and water prices due to the Middle East war, United Nations-backed experts and humanitarian groups have warned.

Radio France Internationale

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The blind spot in Europe’s energy strategy: almost all of its building data is based on approximations and averages

Europe is once again eyeing international energy markets with unease. The war in Ukraine, geopolitical tensions in the Middle East and the extreme volatility of gas prices are all stark reminders of a painful truth: the continent’s energy security is still at the mercy of external factors.

The Conversation

BRICS ministers fail to issue a joint statement over differences on conflict in the Middle East

A two-day meeting of BRICS foreign ministers in New Delhi has ended without a joint statement due to differing views on the Middle East

The Independent UK

Prestige Consumer Healthcare Q4 Earnings Call Highlights

Prestige Consumer Healthcare (NYSE:PBH) reported a weaker-than-expected fourth quarter as supply constraints in eye care and shipping disruptions tied to conflict in the Middle East weighed on sales, but management said it expects a return to organic growth in fiscal 2027 and outlined a multiyear ou

MarketBeat

Chinese Firms Used AI Satellites to Show Iran Exactly Where US Troops Were Stationed in the Middle East

The US sanctioned three Chinese satellite firms for using AI to identify and publish the locations of American military assets, giving Iran targeting intelligence for the cost of a subscription.

International Business Times UK

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Redington turns to air freight as Gulf conflict disrupts sea routes

Indian IT distributor Redington is using more air freight to deliver products to the Middle East. Conflict has disrupted sea routes, forcing this shift. Air freight rates have risen due to higher fuel costs and reduced shipping capacity. Redington is also rerouting supplies and arranging new insurance. Despite some demand…

The Economic Times

In Sudan, a migrant community reveals a resistance to malaria: the genetic study helping shape medicine

Sudan lies at the crossroads of Africa and the Middle East. It has played a key role in human demographic movements, reflected in the diversity of its cultures and languages. Although much of the country is arid, the Nile River has long acted as a corridor for trade, facilitating human…

The Conversation

How the world can avoid millions going hungry when supply chains collapse

Millions more people will face hunger in the coming months if the conflict in the Middle East is not resolved soon, the UN has warned. The price of energy, which instantly affects the cost of producing and transporting food, has risen sharply due to the closure of the Strait of…

The Conversation

Post Q2 Earnings Call Highlights

Post (NYSE:POST) Holdings executives said the company’s diversified portfolio delivered second-quarter adjusted EBITDA above expectations, but management maintained its prior full-year adjusted EBITDA guidance because of new cost pressures tied to the conflict in the Middle East. Daniel O’Rourke, P

MarketBeat

Politics with Michelle Grattan: Jim Chalmers says ‘we’re in the cart’ for more tax relief

Treasurer Jim Chalmers has declared “no other budget in the 2000s has set out this much responsible budget repair and this much economic reform.”

The Conversation

Tech Leads Again as Nvidia Goes to China: Stock Market Today

The Magnificent 7 and other mega-cap stocks are making the Middle East seem like a geopolitical and macroeconomic backwater.

Kiplinger

Birkenstock Q2 Earnings Call Highlights

Birkenstock (NYSE:BIRK) reported fiscal second-quarter revenue growth within its target range on a constant-currency basis, while management said foreign exchange, tariffs, inflation and disruptions tied to conflict in the Middle East weighed on reported results and margins. The footwear company ge

MarketBeat

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Times Life

Inside Vijay’s Secretive ₹624 Crore Luxury Empire

For years, fans have seen Vijay as one of Indian cinema’s most guarded superstars. Unlike many celebrities who constantly showcase their wealth on social media, the Tamil superstar has built an image around restraint, privacy, and controlled public appearances. Yet behind that carefully protected image lies one of the most…

MarketBeat

Bilfinger Q1 Earnings Call Highlights

Bilfinger (ETR:GBF) confirmed its 2026 outlook after reporting a slower start to the year, with management pointing to severe winter weather and geopolitical uncertainty as factors that delayed customer decisions and pressured operations in the first quarter. Group CEO Thomas Schulz said orders rec

MarketBeat

Brenntag Q1 Earnings Call Highlights

Brenntag (ETR:BNR) said its first-quarter 2026 results reflected a slow start to the year followed by a sharp improvement in March as volatility tied to the crisis in the Middle East lifted pricing and prompted some customers to rebuild inventories. On the company’s earnings call, Chief Operating O

The Economic Times

L&T to set up extra-high voltage substations in Middle East

Larsen & Toubro's Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery…

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Evening Standard

Tui says summer bookings down as Iran war and Jamaica hurricanes hurt profits

Europe’s largest travel operator is one of several firms to be impacted by the conflict in the Middle East, which began at the end of February.

The Economic Times

Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra

India faces potential retail fuel price hikes if the Middle East conflict persists. RBI Governor Sanjay Malhotra indicated this possibility due to rising energy import costs and inflation risks. The government has already reduced duties and state refiners are absorbing losses. Prime Minister Modi urged citizens to conserve fuel. Oil…

The Economic Times

India books phosphate fertilizer at 40% above pre-war prices

India has contracted diammonium phosphate (DAP) fertilizer at prices nearly 40% higher than pre-war levels as the Middle East conflict disrupts supplies and lifts global prices. Indian Potash Ltd. agreed to buy about 1.35 million tons of DAP for delivery on the west and east coasts at around $930-$935 per…

Fortune

Japanese snack giant resorts to black-and-white bags of potato chips as Iran War literally sucks color out of the world

Japan gets 70% of its total imports of naphtha, a petroleum-based material used in printing inks, from the Middle East.

MarketBeat

AECOM Q2 Earnings Call Highlights

AECOM (NYSE:ACM) raised its full-year profit outlook after reporting record second-quarter backlog and stronger margins, with management pointing to demand across transportation, water, energy, defense and high-tech infrastructure despite uncertainty in the Middle East. On the company’s second-quar

International Business Times UK

Katie Price Forced to Explain Husband Lee Andrew's Absence on GMB Amid Rumours He's 'Detained in Dubai'

Katie Price has denied that her husband, Lee Andrew, is 'detained in Dubai' after he failed to join her on Good Morning Britain, insisting he simply missed his flight from the Middle East.

Motorsport

Can F1 save its races in Bahrain and Jeddah? Here’s how every option could play out

The forced postponement of races in Bahrain and Saudi Arabia leaves F1 with a complex scheduling puzzle, which also weighs heavily on the teams – here's what rearranging the events means for the series

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