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The Latest Breaking News from the Middle East

Rupee slips on week as Iran flare-up spurs caution, merchant hedging

The Indian rupee ended nearly unchanged on Friday, but the week closed on a weaker note. Investor caution grew amid renewed hostilities in the Middle East, impacting oil-affiliated currencies. Meanwhile, global stock markets thrived, propelled by AI innovation and SK Hynix's entry in the US. The Japanese yen gained momentum…

The Economic Times

Serve and protect: How Europe can stabilise the Middle East by saving its culture and infrastructure

Europe can save ancient civilisations and stablise the Middle East. It's an ambitious but achievable target according to Nabil Al Lao, founder of Damascus Opera theatre and a refugee in Italy for more than a decade and Maria Francesca Corrao, a professor of Arabic at LUISS University.

Euronews

Khamenei Buried Amid Mounting US-Iran Military Tensions as Region Braces for Next Move

Millions gathered in Tehran for Ayatollah Khamenei's funeral, marking the end of an era amid escalating tensions with the US, raising concerns about regional stability and future leadership.

International Business Times UK

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Global Market: Geopolitical risks return to centre stage for ECB as inflation fears resurface

Fresh US-Iran hostilities have pushed the European Central Bank back to its inflation fight. Rising energy prices now threaten to reignite price pressures across the euro zone. This renewed conflict has heightened uncertainty around the inflation outlook for policymakers. Market expectations have shifted, with traders betting on further ECB rate…

The Economic Times

Europe Today: Europe at an economic crossroads as global tensions rise

Christine Lagarde warns Europe must strengthen its economy as renewed tensions in the Middle East add fresh uncertainty to the global outlook. EU finance ministers meet in Brussels as the bloc considers new economic measures, trade restrictions on Israeli settlements and updated crypto rules.

Euronews

Global Market: Japan wholesale inflation hits over three-year high, reinforcing BOJ rate hike expectations

Japan's wholesale inflation accelerated to its fastest pace in more than three years in June as companies passed on higher input costs driven by the Middle East conflict and a weaker yen. The stronger-than-expected reading has reinforced expectations that the Bank of Japan could raise interest rates again later this…

The Economic Times

Hardeep Puri explains why India has among world's cheapest petrol, spells out country's fuel strategy

India offers some of the world's cheapest petrol, according to the Petroleum Minister. Ethanol blending significantly contributes to these lower fuel prices for consumers. This strategy reduces dependence on volatile global crude oil prices. Farmers' ethanol, with fixed annual prices, aids in maintaining stable domestic fuel costs. The Middle East…

The Economic Times

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US-Iran conflict escalates as fresh missile strikes threaten Middle East ceasefire

The United States launched fresh air strikes on Iran early Thursday, prompting Tehran to fire missiles at its neighbours Bahrain, Qatar, Kuwait and Jordan hosting US military forces, officials said. The exchanges threatened a fragile interim ceasefire aimed at ending the Middle East conflict, with explosions also reported near Iran's…

France 24

ABC and SBS coverage of the Middle East isn’t perfect – but the proposed solutions are ill-conceived and dangerous

After 40 years at the public broadcasters I know they must be accountable to all of the public and for editorial decisions they make, not ones imposed on them

The Guardian - AU

Tensions Continue Rising In The Middle East. Stocks Climbed And Oil Dropped Anyway

Stocks rose on Thursday and oil dropped even though tensions between the U.S. and Iran remain high.

International Business Times

Oil Surges Again as US-Iran War Escalates: Top Economist Justin Wolfers Explains the ‘Hidden Pattern’ Driving Gas Prices

Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked.

Benzinga

US-Iran trade intense fire; Hormuz shipping grinds to 'near halt' as Middle East caught in spiral again: Key points

The Middle East edged closer to a renewed regional conflict on Thursday after the United States launched a fresh wave of strikes across Iran, targeting around 90 military and infrastructure sites, including railway bridges that Tehran says are part of a key trade corridor linking the country with China and…

The Times of India

Nasdaq Futures Climb as Chipmakers Provide a Boost, Middle East Developments in Focus

September Nasdaq 100 E-Mini futures (NQU26) are up +0.46% this morning, led by advances in chip and other AI-linked shares, while investors kept a close eye on developments in the Middle East.

Barchart

Family holidays to Dubai are 25 per cent cheaper than last year, according to research

Tour operators have cut prices on their Middle Eastern holidays to tempt returning tourists

The Independent UK

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The Economic Times

Global Market: European shares rebound as tech stocks recover; investors assess Middle East developments

European stock markets traded higher on Thursday, recovering from previous losses. Technology shares led the gains, driven by renewed interest in artificial intelligence demand. Oil prices eased despite ongoing geopolitical uncertainty in the Middle East region. Spanish equities outperformed regional peers after trade-related tensions eased. AstraZeneca shares tumbled significantly after…

The Independent UK

Asian stocks slip and oil prices jump as Iran and US launch fresh attacks

Shares are mostly lower in Asia and oil prices jumped as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks

The Independent UK

Iran-US war latest: Strait of Hormuz shipping halts while Israel reveals alleged Iranian plot to kill Trump

US president says ceasefire ‘over’ following strikes on ships in Strait of Hormuz

Euronews

IMF forecasts modest growth for Italy, cuts estimates for France and Germany

The IMF has also lifted its 2026 global inflation forecast to 4.7%, citing rising energy and commodity prices and risks from tensions in the Middle East.

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The Conversation

Iran ceasefire was always going to break – here’s why

Less than a month after a ceasefire was signed between the US and Iran, conflict has returned to the Middle East. The peace agreement Donald Trump signed at the palace of Versailles in France on June 18 – which he hailed as Iran’s “unconditional surrender” – is now, in the…

Bangkok Post

Oil shoots up as Trump says Iran ceasefire ‘over’

LONDON - Oil prices soared anew and stock markets slid on Wednesday after US President Donald Trump said the ceasefire with Iran was over, following renewed strikes in the Middle East.

The Conversation

Iran’s environmental catastrophe has also wrecked its economy

For several decades, Iran has devoted substantial financial, institutional and political resources to military expansion. It has invested heavily in supporting its regional partners, as well as in pursuing geopolitical influence across the Middle East.

Evening Standard

UK inflation set to ease back faster than expected, says IMF

It came as the global economic body said the global economic shock from the conflict in the Middle East was ‘better than feared’.

The Economic Times

Crude oil prices jump 6%, hit two-week high after Trump says Iran peace deal is ‘over’. What are experts saying?

Crude oil prices rose sharply on Wednesday to a two-week high after Donald Trump declared the Iran peace agreement "over", reviving fears of fresh supply disruptions from the Middle East. Analysts say concerns over the Strait of Hormuz, tighter sanctions and depleted inventories could keep oil prices elevated in the…

Benzinga

Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 slipped on Tuesday as investors rotated out of artificial intelligence-linked stocks and geopolitical tensions flared again in the Middle East. Polymarket traders are now overwhelmingly betting the benchmark index will open lower on Wednesday.

The Economic Times

Cathay Pacific cuts fuel surcharges again as jet fuel prices ease

Cathay Pacific Airways will reduce fuel surcharges on most passenger flights starting July sixteenth. This marks the third reduction since the Middle East crisis began. Fuel surcharges for flights to North America and Europe will decrease by seventeen percent. Surcharges for flights to the South Asian subcontinent will also see…

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