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The Latest Breaking News from Middle East

Iran’s UAE strikes condemned by Starmer as Middle East tensions escalate

IN FULL

The Independent UK

Dollar Rises as Iran Tensions Escalate

The dollar index (DXY00 ) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices surged more than +4% due to the escalation of tensions in the Middle East. Also, Monday’s better-than-expected US March factory orders report supports...

Barchart

Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

AAP

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Crude Oil Prices Surge as Middle East Tensions Flare Up

June WTI crude oil (CLM26 ) today is up +3.18 (+3.12%), and June RBOB gasoline (RBM26 ) is up +0.1323 (+3.68%). Crude oil and gasoline prices recovered from overnight losses and moved sharply higher on signs of heightened tensions in the Strait of Hormuz. Crude prices spiked higher after Iran's...

Barchart

Stocks Turn Lower as Middle East Tensions Rise

The S&P 500 Index ($SPX ) (SPY ) today is down -0.35%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. June E-mini S&P futures (ESM26 ) are down -0.44%, and June E-mini Nasdaq futures...

Barchart

Stocks Set to Open Lower as Oil Prices Climb on Renewed Middle East Tensions, U.S. Jobs Data and Earnings Awaited

June S&P 500 E-Mini futures (ESM26) are down -0.12%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.10% this morning, pointing to a lower open on Wall Street as oil prices surged amid renewed tensions in the Middle East.

Barchart

First Russian oil reportedly arrives in Japan since Iran war – as it happened

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The Guardian - AU

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Booze giant eyes job cuts, as consumers curb thirst

The owner of Dan Murphy's and BWS bottle shops has hinted at job cuts - or "labour efficiencies" - as it tries to buffer its business from the Middle East war.

AAP

Most Aussies ready to withstand another rate hike: NAB

The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.

AAP

The Hormuz hike: why the RBA is predicted to deliver a third straight interest rate rise this week

While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation

The Guardian - AU

Hijackings off Somalia raise fears that piracy is back on the rise

Reports of multiple hijackings off the coast of Somalia are raising fears that piracy may be reviving after a relative lull over the past decade. Increased traffic round the Horn of Africa amid the war in the Middle East, along with the diversion of naval forces, could be creating more…

Radio France Internationale

‘Treasonous’: Trump hits critics, warns Iran threat could have destroyed Europe, Middle East

US President Donald Trump delivered a wide-ranging and combative speech in Florida on Friday defending his foreign policy, and lashing out at domestic critics. Speaking at events in West Palm Beach and The Villages, Trump framed the ongoing conflict with Iran as a decisive and necessary intervention, while warning of…

The Times of India

'Never seen anything like this before': Iran damaged 16 US bases across 8 Middle East nations, says report

Iran and its allies have reportedly damaged sixteen United States military sites across eight Middle Eastern nations. CNN reports, citing satellite images and official interviews, reveal significant degradation of radar, communications, and aircraft facilities. This conflict has already cost the US billions. Gulf allies expressed concerns about the alliance's resilience.

The Times of India

Fuel Costs Soar for Air France-KLM as Middle East Conflict Triggers Urgent $2.4 Billion Budget Warning

European airline group Air France-KLM has raised prices as fuel costs surge amid the Iran war, while warnings from the International Energy Agency highlight fears Europe could face jet fuel shortages within weeks.

International Business Times UK

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The Independent UK

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

AAP

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.

Euronews

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.

The Independent UK

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…

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AAP

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.

International Business Times

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.

The Times of India

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.

Radio France Internationale

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.

Axios

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.

The Independent UK

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 Guardian - 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

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