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The Latest Breaking News from Middle East

Rupee weakens to two-month low as oil climbs; state-run banks cushion

The Indian rupee reached its weakest point in two months on Monday. Rising oil prices and Middle East hostilities pressured the currency's value. State-run banks sold dollars, which helped to moderate the rupee's decline. Higher crude prices can create macroeconomic turbulence for India's economy. This situation impacts India's current account…

The Economic Times

ASEAN ministerial talks: Iran war, Myanmar crisis and South China Sea rifts under spotlight

Southeast Asian diplomats are meeting in Manila to discuss escalating Middle East conflicts. They will express alarm over renewed hostilities and urge a return to peace talks. Regional disputes, including Myanmar's civil war and South China Sea tensions, are also on the agenda. US Secretary of State Marco Rubio will…

The Economic Times

Gold slips as oil prices advance, Fed rate-hike voices grow

Gold prices dropped on Monday as Middle East tensions escalated significantly. Brent crude oil surpassed ninety dollars a barrel, increasing inflation worries. Several U.S. Federal Reserve officials indicated potential interest rate hikes are necessary. Asian share markets showed hesitation ahead of major technology company earnings reports. Consumer sentiment saw a…

The Economic Times

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Brent oil tops $90 as US, Iran intensify attacks in Middle East

Oil prices climbed significantly on Monday as tensions rose. Brent crude futures surpassed ninety dollars a barrel, reaching recent highs. Attacks in the Middle East have disrupted energy shipments through the Strait of Hormuz. This escalation follows a substantial weekly gain for oil prices. Analysts suggest markets are underestimating potential…

The Economic Times

Trump Seeks To Club Iran In Russia Sanctions Bill. Can Middle East Peace Hopes Stay Afloat

Trump's call to Republicans is to include Iran in the Sanctioning Russia Act of 2025 also signals his tacit support for Ukraine, following Putin's stubborn stance that offers no possibility of an end to Russia's war with Ukraine.

International Business Times

Air India to add 60 aircraft in 18 months; says transformation on track despite headwinds

Air India Group expects fifty to sixty new aircraft deliveries annually. The airline's ambitious transformation program remains on track for completion. Supply chain and geopolitical issues have impacted delivery schedules significantly. Fleet modernization and MRO investments are progressing as planned. Network restoration is underway, with Middle East routes nearing full…

The Economic Times

US Soldiers Killed in Iranian Attack on Jordan. Middle East Conflict Spreads

The US military launched airstrikes Sunday targeting Iran's Islamic Revolutionary Guard Corps, after an attack on an American base in Jordan killed two service members. The airstrikes also reportedly wounded four and left one untraceable, further escalating tensions.

International Business Times

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Middle East crisis: US military says service member killed during ‘controlled detonation’ of downed Iranian drone – as it happened

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The Guardian - UK

Jobs data tops economic agenda as Iran war re-escalates

Resilient jobs data is a bright spot for Australia's economy but the longer the Middle East conflict drags on, the worse the prospect for growth and inflation.

AAP

Iran Officially Buries Remains of Defunct Truce With US. Middle East Flare-up Swallows Civilian Infra Targets

The US attacks, which also marked a targeting of civilian infrastructure by the warring parties, also left 10,000 people without water after a desalination plant was hit, Iran said. Iran's retaliation also targeted civilian infrastructure, a war crime under international humanitarian law.

International Business Times

Kuwait Halts All Flights After Iranian Attacks; Oil Prices Spike as Regional Escalation Intensifies

Kuwait halted all flights on Saturday after Iran launched one of its heaviest barrages of missiles and drones since the Middle East conflict began.

Benzinga

Tech selloff weighs on European shares ahead of ECB meeting next week

European stocks edged lower Friday, influenced by a global tech sell-off and Middle East tensions. Investors await the European Central Bank meeting and corporate earnings reports next week. Rising oil prices and subdued reactions to strong results complicated the market backdrop. Tech stocks experienced a significant decline this week, impacting…

The Economic Times

US and Iran escalate strikes across Mideast; bridges and a water plant hit

The United States and Iran intensified their conflict across the Middle East on Friday, launching fresh strikes on military and infrastructure targets as tensions over the Strait of Hormuz escalated. The U.S. targeted additional bridges, energy facilities and a key Iranian port, stepping up pressure on Tehran after President Donald…

The Economic Times

Civilian infrastructure hit as US and Iran escalate attacks across the Middle East

The United States and Iran escalated their attacks across the Middle East on Friday, trading strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensified. The US military struck bridges and collapsed a tower at a key Iranian port, while Tehran targeted US-allied nations…

France 24

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The Guardian - UK

Iranian airport and bridges hit as US forces board ship amid ports blockade – as it happened

Southern rail station also attacked, Iranian media says, as IRGC claims to have destroyed US fighter jets stationed in Jordan

The Economic Times

Global Markets: Japan's Nikkei drops nearly 3% as chip stocks slide despite robust TSMC results

Japan's Nikkei share average finished close to a three percent decline on Thursday, influenced by a sell-off in chip-related stocks and escalating hostilities in the Middle East that dampened risk appetite. Despite Taiwan Semiconductor Manufacturing reporting record earnings, investor caution prevailed amid renewed tensions between the U.S. and Iran. Conversely,…

The Guardian - AU

Iran reports fresh strikes near Qeshm Island and accuses US over ‘barbaric’ hospital attack – as it happened

Iranian news agencies say a US missile hit island in strait of Hormuz, after foreign ministry said children’s cancer hospital in Ahvaz had to be evacuated

The Economic Times

Dollar near one-month low as cooling inflation curbs Fed hike bets

The U.S. dollar weakened near a one-month low on Thursday. Soft inflation data reinforced expectations of a patient Federal Reserve policy. Escalation in Middle East hostilities added upside risk to inflation outlook. Oil prices remained near one-month highs due to regional energy export threats. The U.S. dollar index hovered near…

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The Economic Times

Gold steady as Mideast escalation tempers easing inflation optimism

Gold prices remained stable as U.S. inflation data showed easing pressures. However, Middle East conflict escalation drove oil prices higher, reviving energy cost concerns. U.S. producer prices unexpectedly fell in June, indicating subsiding inflation before recent events. Federal Reserve officials expressed determination to bring inflation down soon. China's economy expanded…

Bangkok Post

CIMBT predicts trade war now the greatest risk

CIMB Thai Bank (CIMBT) forecasts renewed war in the Middle East will heighten economic uncertainty in the second half of the year, while intensifying the global trade war.

Latin Times

What Is the Bab el-Mandeb Strait? Why Iran's Latest Threat Could Shake the Global Economy

The Bab el-Mandeb Strait, often called the "Gate of Tears," has emerged as one of the world's most closely watched waterways after Iran and its Houthi allies signaled it could become the next major flashpoint in the escalating Middle East conflict.

The Economic Times

Spain tourism revenue rises as visitors spend more

Tourism revenue rose in Spain in the second quarter of 2026, with the country benefiting from its reputation as a safe destination as Middle East tensions persisted and an increase in spending per person, tourism industry group Exceltur said on Tuesday. Spain benefited from a reorientation of tourist flows linked…

The Economic Times

US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings

U.S. stocks ended higher as softer June inflation data and strong bank earnings lifted sentiment despite escalating Middle East tensions. Nasdaq outperformed on chip gains, while JPMorgan and Goldman Sachs advanced on robust results. IBM fell on weak revenue guidance, and markets scaled back expectations of a near-term Federal Reserve…

The Times of India

'Will replace 20% Hormuz fee with ... ': Trump says strait open for all but Iran

US president Donald Trump on Tuesday said the United States would not proceed with its proposed 20 per cent toll on cargo transiting the Strait of Hormuz. He announced that instead that Middle Eastern countries would enter into trade and investment agreements with the United States.

The Independent UK

Oil is up after Strait of Hormuz closed again – so why hasn’t the stock market cratered this time?

Prolonged conflict in the Middle East will likely see markets impacted but investors are being cautious for now

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