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The Latest Breaking News from Middle East

UK travel firm spends £1m to rescue stranded holidaymakers from Asia

Exclusive: Lancashire company Distant Journeys chartered an Airbus A350 to ferry 400 passengers home from Sri Lanka

The Independent UK

Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

The Guardian - UK

Business Brief (March 24): China Adjusts Fuel Prices Amid Middle East Tensions

China responds to Iran oil security question; Chinese drone maker DJI sues Insta360 over patents it says involve core technology

Caixin Global

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UAE-India flight alert for March 24: IndiGo warns of schedule changes; Air India, AIX to operate 24 flights

The ongoing conflict between US, Israel and Iran has extended into the larger Middle East. Countries including Saudi Arabia, UAE, Qatar, Oman and others have been intercepting missile attacks from Iran.

The Times of India

Japan to begin biggest-ever oil release from national reserves as Middle East energy crisis bites

PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand

The Guardian - AU

Fire at Kuwait airport after drone attack – as it happened

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The Guardian - AU

New Zealand to give cash payments to some low income families as global fuel crisis worsens

Policy begins on 1 April and is aimed to ease financial pressure as the price of fuel surges due to conflict in the Middle East

The Guardian - AU

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Cattle Prices Show Resilience While Hog Prices Fade: What to Watch This Week

Uncertainty from the conflict in the Middle East and higher gas prices are major catalysts for cattle and hog futures now.

Barchart

'Point of no return' looming in Middle East war, says Red Cross

The International Committee of the Red Cross on Monday demanded a halt to the "war on essential infrastructure" in the Middle East, warning of potential "irreversible consequences" – including harm to nuclear facilities.

Radio France Internationale

Iran UK ambassador summoned by Foreign Office over ‘reckless and destabilising actions’

The diplomat was summoned on the instruction of Foreign Secretary Yvette Cooper and was met by Middle East minister Hamish Falconer

The Independent UK

Diesel standards eased as fuel shortages deepen

Measures to help more diesel flow into the domestic market have been announced as hundreds of service stations across Australia run dry.

AAP

Diesel prices spike to three-year high as Middle East crisis hit motorists

Average price of unleaded has risen by 14p a litre since late February, reaching 147.19p

The Independent UK

NATO Expects Europe to Unite on Iran War as Trump Calls Them 'Cowards' Amid Oil, Market Chaos

As the Middle East crisis deepens, Europe grapples with tough decisions amid rising tensions with NATO and the US. Discover the latest developments and their impact on global markets.

International Business Times UK

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

International Business Times UK

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Barchart

Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran Talks

June S&P 500 E-Mini futures (ESM26) are up +1.53%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.57% this morning, pointing to a sharply higher open on Wall Street as sentiment got a boost after U.S. President Donald Trump said the U.S. and Iran had “very good” conversations about…

International Business Times

Gold Plunges to Four-Month Low Near $4,250 as Middle East Tensions Fuel Inflation Fears

Gold prices tumbled sharply Monday, dropping more than 5-6% to hover around $4,200-$4,250 per ounce, marking the metal's lowest levels since late November 2025 and extending a nine-session losing streak.

Euronews

Oil prices slide after Trump announces 'productive conversations' with Iran

Oil prices dropped and stock markets started to climb after comments from US President Donald Trump raised hopes for a quick end to the Iran war.

The Independent UK

Politics latest: Starmer warns there may not be ‘quick and early end’ to US-Iran war ahead of Cobra meeting

Prime minister warned his team not to fall into ‘false comfort’ of thinking as Middle East conflict could be lengthy

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Euronews

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

The Independent UK

Israel launches new wave of attacks on Tehran and Iran threatens to start hitting Gulf power plants

Israel has launched a new wave of attacks against Tehran and a top American commander is telling Iranians to remain in shelters for the foreseeable future as the war in the Middle East showed no sign of abating in its fourth week

International Business Times UK

Starmer and Trump Discuss Strait of Hormuz Amid Iran Blockade – Could UK Be Drawn Into Middle East Crisis?

Starmer and Trump hold urgent talks to reopen the Strait of Hormuz amid Middle East strikes, raising concerns over UK involvement in a US-Iran conflict

Bangkok Post

THAI to increase ticket prices

The war in the Middle East has driven up operating costs for Thai Airways International (THAI), forcing the national carrier to increase average ticket prices by 10-15%.

The Guardian - AU

Strike in Iraq reportedly kills seven fighters – as it happened

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The Guardian - AU

Morning Mail: threats of escalation from US and Tehran; outrage over Legal Aid appointee; outsourced workers treated ‘like battery hens’

Iran threatens to destroy Middle East infrastructure; former detective joins Queensland’s Legal Aid board; outsourced ATO workers allege poor working conditions

The Times of India

Iran war not to end soon? Treasury's Bessent says US has 'plenty of money to fund this war'

US treasury secretary Scott Bessent on Sunday said the United States has "plenty of money to fund" its war against Iran, asserting that President Donald Trump is keeping "all options on the table" amid the ongoing Middle East conflict.

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