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The Latest Breaking News from Middle East

Europe has six weeks’ supply of jet fuel left, energy boss warns

Fatih Birol, executive director of the International Energy Agency, warned there could be flight cancellations ‘soon’.

Evening Standard

One-way attack drones: Low-cost, high-tech weapons ‘democratize’ precision warfare

Wars in Ukraine and the Middle East have propelled drones into the headlines. The word “drone” now stretches to cover everything from hobbyist camera rigs available on Amazon to the Predator and Reaper systems the United States has relied on to fight terrorist organizations over the past 20 years.

The Conversation

Nasdaq Futures Climb as TSMC Boosts Tech Optimism

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.32% this morning, setting a new record high as an upbeat forecast from Taiwan Semiconductor Manufacturing Co. boosted sentiment.

Barchart

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Tesco will do ‘whatever it can’ to keep down food prices amid Iran war

Tesco said that profits could dip over the current year as it flagged increased uncertainty linked to the conflict in the Middle East.

Evening Standard

Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad says

This estimate has doubled in three weeks, highlighting widespread damage before an April 8 ceasefire. Repair work will redirect existing capacity, causing project delays and global inflation beyond the region.

The Economic Times

Gunfire reported in Beirut as truce comes into effect – as it happened

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The Guardian - AU

How South Korea plans to use the Iran crisis to spur a renewables revolution

Energy crisis unfolding in Middle East has added political urgency, and more funding, to transform South Korea’s solar industry

The Guardian - AU

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Two-Minute Analysis: The Bull vs. Bear Cases for Gold and Silver Prices Now

A major driver of safe-haven demand is currently playing out in the Middle East war.

Barchart

China’s Africa strategy is shifting and Iran conflict will speed it up

The global geoeconomic volatility wrought by the second Donald Trump US presidency and hostilities in the Middle East make the shift in China’s Africa strategy even more important for China and for Africa.

The Conversation

Even the neocons have turned against wars in the Middle East

Millions have died as a result of disastrous US-led military adventurism. But there have been no consequences for those who championed it for so long, says Guardian columnist Owen Jones

The Guardian - UK

Petrol stations reject French government plan to cap profit margins on fuel

Fuel distributors in France are strongly opposed to a government decree that aims to cap their profit margins as the war in the Middle East continues to drive up prices. Leading retailers warn the measure is hasty and unlikely to bring consumers much relief.

Radio France Internationale

Europe's Jet Fuel Shortage Could Ground Flights Within Weeks — Summer Holidays Plans In Jeopardy?

The Airport Council International warned the EU of a potential jet fuel shortage due to Middle East tensions, which would disrupt summer travel and have severe economic repercussions.

International Business Times UK

Trump’s Iran war has left Gulf leaders keen to see the back of the US president

ANALYSIS: Donald Trump has tried to woo the Middle East with high-profile visits and profitable business deals, but his chaotic Iran war has undone any good work, leaving Gulf leaders keen to see the end of the conflict and the US president’s meddling, writes world affairs editor Sam Kiley

The Independent UK

JD Vance Heckled at TPUSA Event as Shout of 'You Are Killing Children' Causes Him to Stutter

Vice President JD Vance was heckled at a TPUSA event in Athens, Georgia, over US policy in Gaza, highlighting tensions within conservative circles regarding Middle East strategies.

International Business Times UK

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Barchart

S&P Futures Muted After Rally, U.S. Economic Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM26) are trending down -0.04% this morning, taking a breather after a rally fueled by optimism about the prospect of a peace deal in the Middle East.

Evening Standard

Donald Trump says he's reopening Strait of Hormuz 'permanently' as Britain slams his war as a folly

Iran has blocked attempts by the US president to prize open the key strait in the Gulf

The Independent UK

Iran-US war latest: Trump announces historic talks between Lebanon and Israel with White House optimistic for peace

‘We feel good about the prospects of a deal”, White House Press Secretary Karoline Leavitt said

The Times of India

Trump signals fresh US-Iran negotiations as Israel-Lebanon hold first direct talks in decades

US President Donald Trump announced potential fresh peace talks with Iran could resume in Pakistan within two days, following collapsed weekend negotiations. Simultaneously, Israel and Lebanon agreed to launch direct peace negotiations, marking significant diplomatic progress on two key Middle Eastern fronts amidst ongoing conflict.

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The Independent UK

Reeves to hold talks with US counterpart after hitting out at Trump’s ‘folly’ over Iran war

Rachel Reeves has gone public with her anger and frustration at the ‘folly’ of America’s actions in the Middle East

Evening Standard

Middle East conflict sparked major supply shock, says Bank of England boss

Andrew Bailey made his comments as the UK was given a gloomy economic outlook by the International Monetary Fund.

Evening Standard

Stocks rise, oil falls, on fresh Middle East hope

The FTSE 100 closed up 26.10 points, 0.3%, at 10,609.06.

The Independent UK

Chancellor slams Trump’s Iran war ‘folly’ as threat of recession looms

Rachel Reeves says she is ‘very frustrated and angry’ at America’s actions in the Middle East

Barchart

Stock Index Futures Gain on Hopes for Renewed U.S.-Iran Talks, PPI Data and More Big Bank Earnings on Tap

June S&P 500 E-Mini futures (ESM26) are up +0.19%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.39% this morning as risk appetite improved and oil prices fell following reports that the U.S. and Iran were weighing another round of peace talks.

Evening Standard

FTSE 100 Live 14 April: Index higher as oil stays near $100, Imperial falls

Stock markets have rallied amid renewed optimism over a Middle East peace deal.

The Guardian - AU

Qantas raises fares and cuts domestic flights as travel patterns shift due to Middle East turmoil

Australian airline is benefiting from demand for flights that transit through Asia – but says its jet fuel bill is rising sharply

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