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The Latest Breaking News from Middle East

From Conflict to Profit: Which Industry Will Benefit the Most From the Israel-Hamas War?

Rising interest rates, geopolitical turmoil, a hawkish Fed, and the highest uncertainty in years have investors scrambling for safety. Wars in Ukraine and the Middle East and a bifurcation of the world’s nuclear powers suggest that worldwide defense spending will rise, making the sector a haven for investors looking for…

Barchart

Israel-Hamas war: six key moments for the Gaza Strip

Once again, the Gaza Strip is at the epicentre of violence in the Middle East. This tiny 41km-by-13km band of territory on the Mediterranean, sandwiched between the often hostile neighbours of Israel and Egypt, has faced repeated rounds of violence in recent history – but the current war is the…

The Conversation

Senate Foreign Relations approves Lew to be Israel envoy - Roll Call

Senate Foreign Relations Committee backs Jacob J. Lew to be ambassador to Israel at a crucial time for Middle East policy.

Roll Call

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Despite their rhetoric, neither Iran nor Hezbollah want an escalation of war in the Middle East. Here’s why

A Lebanese front is unlikely: it wouldn’t be in Iran’s interests, as it would probably spark US intervention, says Lina Khatib, director of the Soas Middle East Institute

The Guardian - UK

Australia sends aircraft and troops to Middle East in case ‘this gets worse’

Contingency force on standby if Australians in region need to be flown to safety, Richard Marles says

The Guardian - AU

Macron in the Middle East: Where does France stand on Israel-Hamas war?

The Middle East fell off their radar. Now comes a steady stream of leaders who have donned their penitent's garb and flown in to show support and push for peace. The latest is Emmanuel Macron. The French president is travelling to both Israel and the West Bank as the war…

France 24

Hezbollah would 'prefer not to go into large-scale war' with Israel, expert says

Hezbollah could be forced into a war with Israel, but for now it’s trying to avoid any major conflict. That's the view of Ziad Majed, a professor of Middle East studies at the American University in Paris. Majed, who was born in Beirut and lived for years in Lebanon, says…

France 24

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Interview with senior Hamas leader ‘editorially justified’, ABC boss tells Senate grilling

David Anderson defends 7.30 interview, saying it was to ‘challenge them’, and confirms Middle East correspondent Tom Joyner under investigation

The Guardian - AU

Crude Prices Sharply Lower on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23 ) on Monday closed down -2.59 (-2.94%), and Dec RBOB gasoline (RBZ23 ) closed down -4.22 (-1.79%). Nov WTI crude oil and gasoline prices on Monday closed sharply lower as geopolitical risks in the Middle East eased. Diplomatic efforts to release hostages taken by Hamas...

Barchart

Crude Prices Retreat on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23) this morning is down -1.48 (-1.68%), and Dec RBOB gasoline (RBZ23) closed down -2.46 (-1.05%). Nov WTI crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure today on an easing of Middle East geopolitical risks as diplomatic efforts to...

Barchart

Western leaders hold video conference amid fears Israel-Hamas conflict will engulf Middle East

Leaders of France, Canada, Germany, Italy, Britain and the United States have underscored their support for Israel and its right to defend itself during a video conference, but also urged it to adhere to international humanitarian law and protect civilians.

Radio France Internationale

Energy price fears ease on Middle East diplomacy hopes

GOLD and oil prices dipped today as investors eyed strong looking US economic data after a weekend that offered some relief about the state of the disaster in Gaza.

Evening Standard

Defense Stocks Like Lockheed Martin Have Jumped - Is It Too Late to Get In?

Lockheed Martin is up over 12% to $444.17 on Oct. 20 from an Oct. 5 low of $395.54 based on Middle East war prospects. Investors may think it's too late to get in, but LMT stock still looks cheap.

Barchart

Egypt peace summit seeks to foster unity on Gaza conflict

Leaders and officials from more than a dozen countries gathered in the Egyptian capital, Cairo, Saturday for a hastily arranged summit aimed at producing a roadmap for humanitarian relief in the Gaza Strip and reviving hopes of Israeli-Palestinian peace.

Radio France Internationale

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The Independent UK

‘A miracle’: Ex-NBC journalist family members captured by Hamas released

Martin Fletcher, who has previously worked as the network’s Middle East correspondent, said he had ‘just found out today’ that his relatives had been captured

Evening Standard

Rafah border crossing to reopen ‘imminently’ as Sunak meets Middle East leaders

The Prime Minister says the ‘immediate priority’ is to get humanitarian aid to the people of Gaza

StockNews.com

3 Energy Stocks Leading the Industry

Amid the volatile Middle East scenario, the oil market teeters on the precipice of price surges. Given this backdrop, it could be wise to invest in leading energy stocks Weatherford International (WFRD), Valero Energy (VLO), and Cheniere Energy (LNG) at present. Read more….

Barchart

Crude Extends Gains on Geopolitical Risks in the Middle East

November WTI crude oil (CLX23 ) this morning is up +0.78 (+0.87%), and Nov RBOB gasoline (RBX23 ) is up +2.59 (+1.10%). Nov WTI crude oil and gasoline prices this morning extended this week's rally and posted 2-week highs. A weaker dollar today is supporting energy prices. Also, a ratcheting...

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The Conversation

The divisions exposed in Britain by the conflict in the Middle East

Much of the reaction in Britain to a crisis that has yet to acquire a specific designation, has concentrated on words used, and not used – their significance amplified by what their use, or non-use, may be held to mean.

The Guardian - UK

Why oil prices are rising amid the Israel-Hamas war

To date oil and gas flows from the Middle East remain fairly unaffected – but there are concerns about escalation

Chicago Sun-Times

In Israel-Hamas war, there’s growing talk of a potential impact on oil prices

Human life and destruction are top concerns. But a possible rise in oil prices could affect world economics and politics, especially the re-election prospects of President Joe Biden.

Barchart

Stock Index Futures Drop as Investors Weigh Powell’s Remarks, Geopolitical Risks

December S&P 500 futures (ESZ23) are down -0.25%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.32% this morning as investors digested Federal Reserve Chair Jerome Powell’s remarks while heightened geopolitical risks stemming from the Middle East continued to weigh on sentiment.

The Independent UK

Rishi Sunak steps up diplomatic campaign to avoid wider Middle East war

The Prime Minister will meet regional leaders in Egypt on Friday as he seeks to prevent the Israel-Hamas conflict escalating.

AAP

Aust shares drop again as yields rise, tensions soar

The local share market lost 1.2 per cent on the day and 2.1 per cent for the week on rising US bond yields and broader fighting in the Middle East.

The Independent UK

Sunak in push to avoid Israel-Hamas conflict leading to wider Middle East war

Prime Minister Rishi Sunak encouraged Saudi Arabia to use its influence in the region to support stability.

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