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The Latest Breaking News from the Middle East

Bank’s rate decision leaves frustrated Reeves praying for an August cut

Lower interest rates will be a lever for growth but the Middle East conflict and rising food prices will have troubled MPC

The Guardian - UK

Asian shares decline after mixed Wall Street finish and tensions simmer in the Middle East

Asian shares have retreated across the region as worries persist about conflict in the Middle East

The Independent UK

Europe must stand without the US – but the latest war in the Middle East shows it has no idea how

If Europe was not so in hock to Washington, it would sanction Israel over Gaza and condemn its unilateral attack on Iran, says Guardian Europe columnist Nathalie Tocci

The Guardian - UK

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The Australia-US alliance is facing a decisive test, and not just over the Middle East

The question of Australia joining the US in a conflict with China over Taiwan looms over the debate about our military preparedness and defence spending

The Guardian - AU

Dollar Rebounds on Hawkish Powell

The dollar index (DXY00 ) Wednesday recovered from early losses and rose by +0.09%. The dollar moved higher Wednesday afternoon due to hawkish comments from Fed Chair Powell, who said, “We expect a meaningful amount of inflation in the coming months.” Mr. Powell’s comments signal the Fed is not close...

Barchart

Meet General ‘Gorilla’: Iran hawk has become Hegseth’s go-to adviser as US involvement in Middle East crisis intensifies

‘He’s got the look of the general that both Hegseth and Trump are looking for,’ one former official said

The Independent UK

Keir Starmer to chair emergency Cobra meeting on Middle East

Sir Keir Starmer will chair a meeting of the emergency Cobra committee to discuss the security situation in the Middle East later today

The National (Scotland)

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Iran and Israel conflict explained: What is going on and could the UK get involved?

The Standard takes an in depth look at what is happening between Israel and Iran

Evening Standard

Iran-Israel War: Latest Developments

Israel and Iran exchanged fire again on Wednesday, the sixth day of strikes in their most intense confrontation in history, fuelling fears of a drawn-out conflict that could engulf the Middle East.

International Business Times

UK would have to sign off on US use of Diego Garcia base for raid on Iran

UK continues to urge de-escalation as concerns grow about possible US intervention in the Middle East

The Guardian - UK

By dragging the US into Iran, Trump risks giving Tehran the final showdown it wants

ANALYSIS: Iran’s Islamic Revolutionary Guard Corps are experts at insurgency and may relish the prospect of conflict, says world affairs editor Sam Kiley

The Independent UK

The commitment trap: How Israel, Iran and the US risk becoming prisoners to policies

The latest escalation in the Middle East is in many ways the inevitable culmination of a long-simmering rivalry. Iran’s pursuit of nuclear weapons capability and Israel’s determination to stop that from happening meant that such an outcome was always in the cards.

The Conversation

Photos show efforts to evacuate foreigners from the Israel-Iran conflict

The Iran-Israel conflict has shuttered airspace across the Middle East as the two bitter enemies launch attacks and reprisals at one another. The worsening security situation has seen foreigners scramble to evacuate. But it’s a tough task with so much travel disruption in the region. Some governments are using Iran’s…

The Independent UK

Angela Rayner refuses to rule out following US into war on Iran

Deputy Prime Minister Angela Rayner has not ruled out following the US into war in the Middle East

The National (Scotland)

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The Conversation

Politics with Michelle Grattan: an ‘impatient’ Jim Chalmers on taking political risks in Labor’s second term

While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity.

The Guardian - UK

The warmongers were wrong about Iraq, Afghanistan and Libya. Now watch them make the same mistake about Iran

Israel is the main source of terror and instability in the Middle East. But the west continually turns away from this reality, says Guardian columnist Owen Jones

The Guardian - UK

Wednesday briefing: How Trump’s unpredictability is shaping the Middle East crisis

In today’s newsletter: As Israel escalates its offensive and Tehran weighs its response, the US president appears to be paving the way for military action

The Independent UK

Asian shares are mixed and oil prices rise as escalating Iran-Israel crisis hits Wall Street

Asian shares are mixed and oil prices have advanced after the escalation of conflict in the Middle East hit Wall Street

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Euronews

G7 leaders fail to reach major agreements on key global issues after Trump's early departure

The summit concluded with a broadly worded statement in which leaders of the G7 unanimously agreed that Iran cannot be allowed to obtain a nuclear weapon and called for de-escalation in the Middle East.

AAP

Miners weigh on shares as iron ore continues decline

Australian shares have continued to slip, as global growth concerns push miners lower and the ongoing Middle East conflict weighs on investor confidence.

The Independent UK

How has the US shifted military jets and ships in the Middle East?

The U.S. is shifting military aircraft and warships into and around the Middle East to protect Israel from Iranian attacks

Fortune

Stocks sink amid instability in the Middle East, Fed decision

The S&P 500 dropped as Trump weighs whether to enter Israel’s war with Iran.

The Independent UK

Foreign governments seek emergency exits for nationals stranded in Iran and Israel

The Iran-Israel conflict has shuttered airspace across the Middle East as the two bitter enemies launch attacks and reprisals at one another

Roll Call

Trump's base grows anxious as Israel-Iran conflict escalates

President Trump warned Iran's leader he could be taken out, and called for the country's "unconditional surrender" in conflict with Israel.

The Independent UK

Trump ‘not looking for a ceasefire’ with Israel-Iran as he blasts DNI Tulsi Gabbard: ‘I don’t care what she said!’

American intelligence officials have long said Tehran was not actively constructing viable nuclear weapons for use

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