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The Latest Breaking News from Middle East

Iran threatens ‘long and painful strikes’ after Trump briefed on ‘final blow’ options

Iran has threatened retaliation if Donald Trump acts on options to reopen the conflict in the Middle East

The Independent UK

Big bunnies and grog sales take a wartime shopping hit

Coles shoppers adjusted their spending patterns after the Middle East war began, spending less on liquor and even buying smaller Easter chocolate bunnies.

AAP

Bank of England holds rates as Iran war sends oil prices to new highs

The Bank joins the Fed and Bank of Japan in sitting tight, as war in the Middle East drives oil prices higher and blows the spring rate-cut playbook apart.

Euronews

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Iran war briefing: Oil prices rise as Trump sends message to Tehran over Strait of Hormuz deadlock

Oil prices surged after reports indicated Donald Trump was considering military action against Iran to resolve the deadlock in the Strait of Hormuz. Donald Trump urged Tehran to “get smart soon” and sign a deal, and claimed “Iran can’t get their act together” in a social media post. The US…

The Independent UK

Food giant sounds the alarm: shoppers are struggling

Woolworths has seen a "major shift" in consumer sentiment due to the Middle East war and spiking petrol prices, with many struggling to make ends meet.

AAP

Trump Meets Oil Executives As Middle East Supply Disruptions Push Global Energy Markets Higher: Report

President Donald Trump met Tuesday at the White House with senior oil and gas executives and top administration officials to discuss ongoing disruptions in global energy markets, including tightening crude supply linked to instability in Middle East shipping routes.

International Business Times

Putin, Trump hold 90-minute call on Iran, Ukraine war: Russia proposes Kyiv ceasefire for Victory Day

Presidents Putin and Trump held a 1.5-hour call discussing the Middle East war and Ukraine. Putin backed Trump's Iran ceasefire extension, viewing it as a stabilizing move. He also proposed a temporary ceasefire in Ukraine for Victory Day, aiming to advance peace negotiations.

The Times of India

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Middle East war boosts oil giants’ profits as 'households pay the price'

Oil giants have posted "exceptional" profits as war in the Middle East drives up crude prices, fuels global supply fears and creates trading opportunities – handing some of the world’s biggest energy companies a financial boon while consumers face rising costs.

Radio France Internationale

Scoop: Trump huddles with oil execs as Iran stalemate drags on

The unprecedented Middle East supply disruption is boosting commodity prices and creating a mix of opportunity and peril for the industry.

Axios

Can you still book Middle East cruises – and is it safe?

IS IT SAFE MIDDLE EAST CRUISE: Cruise editor Marc Shoffman explores the current state of cruising in the Gulf

The Independent UK

Oil nearing $120 a barrel for first time since 2022 as Trump maintains Iranian blockade – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude approaches highest level since Middle East conflict began

The Guardian - UK

From Jakarta to Manila, south-east Asia turns to Russia to plug fuel, fertiliser gaps caused by Iran war

South-east Asia, which relied heavily on the Middle East for energy and fertiliser, is desperately seeking to plug huge gaps in its supplies

The Guardian - UK

UK economy set for £35bn hit from Middle East energy crisis, think tank says

The National Institute of Economic and Social Research said the UK could enter a recession this year if the crisis is particularly protracted.

Evening Standard

Iranian ambassador summoned to Foreign Office over embassy’s ‘unacceptable’ social media post

Seyed Ali Mousavi was called in by Middle East minister Hamish Falconer over an online message reportedly recruiting expats to become martyrs

The Independent UK

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The Guardian - UK

Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds

Climate group calls for urgent windfall tax on excess fossil fuel profits, as delegates tell Colombia conference their nations are suffering

The Independent UK

Iran war briefing: Trump meets with national security over Tehran peace plan

Donald Trump discussed Iran's proposal to reopen the Strait of Hormuz and end the Middle East conflict with his national security team on Monday, but a US official told Reuters that the President “doesn’t love the proposal” as he wants a peace plan to address Iran’s nuclear programme. The conflict…

Euronews

Malta's Prime Minister Robert Abela calls early general election for May

The Maltese leader mainly cited rising energy costs due to the Middle East conflict, as concerns and fears of a spike in inflation grow in a country reliant on imports as reasons to seek a new mandate.

AAP

ASX extends losses as Gulf worries buoy oil prices

Investor sentiment remains under pressure after weeks of earnings downgrades and the Middle East energy crisis weighing on hopes of future economic growth.

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news in one place.

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AAP

Aussie travellers on the go as Asian airport hubs shine

Australians still have the travel bug, despite the uncertain geopolitical environment created by the Middle East crisis, according to our busiest airport.

The Independent UK

Shop price inflation falls on back of heavy discounting by retailers

Consumers have been warned they are yet to see the full force of the Middle East conflict feeding into prices.

Euronews

Military action still needed to counter Hezbollah rockets and drones, Israel's PM says

Hezbollah drew Lebanon into the Middle East war by firing rockets towards Israel to avenge the killing of Iranian supreme leader Ali Khamenei in US-Israeli strikes.

Tom’s Hardware

Complex that supplies 70% of global critical PCB base targeted in Iranian strike — attack could fracture the already disrupted electronics supply chain

Barchart

Stocks Set for Muted Open as Investors Await Big Tech Earnings and Fed Meeting; Middle East Developments in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.09%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.06% this morning as investors refrain from making big bets at the start of a busy week featuring earnings from major tech names, the Federal Reserve’s interest rate decision, and a raft…

Radio France Internationale

Trickle-down impacts of Middle East war, from pistachios, to copper, to leather

As oil prices surge and key shipping routes close because of the war in the Middle East, the downstream effects are impacting different markets around the world, from pistachios and bananas to luxury leather goods, as industries are being forced to adapt to disrupted supply chains and increased costs.

The Guardian - AU

Cheap spirits, pricey condoms: how war in the Middle East is shifting the way Australians spend

Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare

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