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The Latest Breaking News from the Middle East

G7 ministers discuss trade security and China dependence in Paris

G7 trade ministers were holding a second day of talks in Paris on Wednesday as the global economy faced growing pressure from US tariff threats, war in the Middle East and concerns over dependence on Chinese raw materials.

Radio France Internationale

Retailer Next warns of clothing and homeware price hikes as costs increase due to Iran war

Brand increased its estimated cost of Middle East conflict to £47 million - up from predicted £15 million

The Independent UK

Next to hike prices overseas as it faces higher Iran war cost hit

The fashion and homewares chain increased its estimated cost of the Middle East conflict to £47 million from the £15 million guidance given in March.

Evening Standard

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India approves $1.9 billion credit guarantee to support businesses hit by Middle East crisis

India's cabinet approved a 181-billion-rupee emergency credit guarantee program to support businesses, especially small firms, facing liquidity issues due to the Middle East crisis.

The Economic Times

Government needs to act on Middle East impact on retail, industry warns

The BRC warned that higher costs from the Middle East conflict would inevitably filter through to the till over the coming months.

Evening Standard

Crude Oil Prices Retreat as Middle East Tensions Ease

June WTI crude oil (CLM26 ) on Tuesday closed down -4.15 (-3.90%), and June RBOB gasoline (RBM26 ) closed down -0.1176 (-3.15%). Crude oil and gasoline prices settled sharply lower on Tuesday as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices retreated as...

Barchart

US military actions test Trump’s claim the Iran war is over

ANALYSIS — Even if a recent flareup of military skirmishes in the Middle East merely continues but does not escalate, the clashes cast doubt on President Donald Trump’s formal assertion to Congress on May 1 that hostilities between American and Iran have “terminated.” The renewed fighting has put intense strain…

Roll Call

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Crude Oil Prices Tumble as Middle East Ceasefire Holds

June WTI crude oil (CLM26 ) today is down -4.54 (-4.27%), and June RBOB gasoline (RBM26 ) is down -0.1140 (-3.05%). Crude oil and gasoline prices are sharply lower today as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices are retreating as relative...

Barchart

End of conflict in the Middle East or recession in Europe, IMF warns

The IMF’s outlook for Europe remains closely tied to geopolitical developments. A prolonged crisis risks tipping Europe into recession.

Euronews

Euro Rises, Gaining Ground on a Weakening Dollar

The Euro bounced back near the $1.20 against the U.S. dollar, raising questions about how much geopolitical turbulence in the Middle East is driving the move, and what role the dollar still plays globally within the context of growing de-dollarization.

inkl

Iran exits Venice Biennale as tensions remains high in Middle East

The Islamic Republic of Iran has withdrawn from the 2026 Venice Biennale just days before the opening exhibition as fears remain high of renewed conflict in the Middle East.

Euronews

Stock Index Futures Climb as U.S.-Iran Ceasefire Holds, JOLTs Report and Earnings in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.47% this morning, supported by lower oil prices as the ceasefire in the Middle East appeared to be holding.

Barchart

Economic growth forecast for island of Ireland despite fuel supply turbulence

EY has said events in the Middle East had ‘adversely affected’ Ireland’s inflationary outlook.

Evening Standard

Dow Drops 557 Points as Iran Tensions Ramp Up: Stock Market Today

Wall Street is worried about re-escalating tensions in the Middle East.

Kiplinger

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Barchart

Dollar Rises as Iran Tensions Escalate

The dollar index (DXY00 ) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices surged more than +4% due to the escalation of tensions in the Middle East. Also, Monday’s better-than-expected US March factory orders report supports...

International Business Times

Trump Says Iran Will be 'Blown Off The Face Of The Earth' If It Disrupts Passage Through Strait Of Hormuz

President Donald Trump threatened Iran on Monday as tensions in the Middle East rise again over passage through the Strait of Hormuz.

AAP

Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

Barchart

Stocks Set to Open Lower as Oil Prices Climb on Renewed Middle East Tensions, U.S. Jobs Data and Earnings Awaited

June S&P 500 E-Mini futures (ESM26) are down -0.12%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.10% this morning, pointing to a lower open on Wall Street as oil prices surged amid renewed tensions in the Middle East.

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Euronews

Oil prices edge up despite Trump vowing action in Hormuz tensions

Oil prices rose slightly in early trading on Monday as investors monitored Iran war developments. Brent crude and WTI front month contracts are trading around 1% higher at around $109 and $103 per barrel respectively.

AAP

Most Aussies ready to withstand another rate hike: NAB

The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.

Reason

Civilians Across the Middle East React to the Iran War: 'A Fear That Settles in Your Heart'

"Now they are hitting everything. Nowhere is safe. But don't worry, we are okay," one Iranian woman texted her American relative.

The Guardian - UK

UK airlines given green light to cancel or consolidate flights to conserve jet fuel

Carriers examining which flights can be cancelled with least disruption under plans to avoid summer travel chaos

Radio France Internationale

Hijackings off Somalia raise fears that piracy is back on the rise

Reports of multiple hijackings off the coast of Somalia are raising fears that piracy may be reviving after a relative lull over the past decade. Increased traffic round the Horn of Africa amid the war in the Middle East, along with the diversion of naval forces, could be creating more…

Fortune

The Iran war has turned the world's shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait

As the war over the Strait of Hormuz wages on, the U.S. is quietly gaining more influence over the Panama Canal and the straits of Malacca and Gibraltar.

AAP

Australia 'well-placed' to weather fuel supply storm

If the war in the Middle East ended now, there would still be impacts on supply chains, the federal energy minister warns.

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