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The Latest Breaking News from Middle East

'Very strong' nuclear verification needed in Iran after war: IAEA head

Following the Middle East conflict, the UN atomic watchdog chief stressed the urgent need for robust verification in Iran to prevent nuclear weapons development. IAEA head Rafael Grossi stated that while Iran denies such intentions, strong oversight is crucial. Talks are underway regarding Iran's uranium stockpile, with options including downblending…

The Economic Times

Global Market: Core inflation in Tokyo accelerates as energy-driven price pressures begin to broaden

Tokyo's core inflation surged in June, driven by rising energy costs stemming from the Middle East conflict. This acceleration signals broadening price pressures, prompting the Bank of Japan to consider further interest rate hikes. While some economists express caution about the extent of these pressures, the central bank is closely…

The Economic Times

Bad loans still elevated as Iran war hammers firms

The Bank of Thailand intends to focus on asset quality in the banking industry as non-performing loans (NPLs) remain at elevated levels, attributed in part to the impact of the Middle East conflict, says the central bank's chief.

Bangkok Post

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World Cup 2026: More MENA countries competing than ever before

More Middle East and North Africa (MENA) countries are competing in the 2026 World Cup than at any previous tournament, much to the delight of fans from Morocco to Jordan. But as always with sports, politics is never far from the pitch. Iran, of course, springs to mind. Never before…

France 24

US inflation tops 4% for first time in three years, boosts Fed hike bets

US inflation surged past 4.0% in May, driven by Middle East conflict-fueled energy prices, marking the highest increase in three years. This development pushes the Federal Reserve closer to potential interest rate hikes this year. Despite consumers facing higher costs, spending has remained robust, buoyed by tax refunds and a…

The Economic Times

Rubio in Middle East tour says any Iran deal will ensure security of Gulf allies

U.S. Secretary of State Marco Rubio assured Gulf Arab allies that any deal with Iran would prioritize their security interests. Concluding a Middle East tour, Rubio aimed to assuage concerns over a preliminary accord, emphasizing Washington's commitment to regional stability. Despite assurances, conflicting accounts on deal terms regarding inspections and…

The Economic Times

Vedanta, NALCO, Hindustan Zinc shares fall up to 3% as silver, aluminium, other metal prices tumble. Here's why

Metal stocks including Vedanta, NALCO and Hindustan Zinc fell up to 3% as global metal prices declined sharply. A stronger US dollar, easing Middle East tensions and rising expectations of a Fed rate hike pressured commodities like silver, aluminium, copper and zinc, triggering a broad-based pullback in the metal pack.

The Economic Times

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Iran-US war latest: Tehran strikes ship in Strait of Hormuz as countries try to reopen oil route

The recent strike poses a threat to efforts to reopen the Strait

The Independent UK

UN suspends Hormuz evacuation after attack in Gulf of Oman

The evacuation of ships through the Strait of Hormuz was suspended Thursday after an attack on a vessel in the Gulf of Oman that had crossed the waterway, said the UN maritime agency. Shortly after, Iran’s Persian Gulf Strait Authority said that vessels passing outside routes set by the authority…

France 24

BoT upgrades GDP growth forecast

The Bank of Thailand has upgraded its GDP growth forecast for 2026 to 2.3% from 1.5%, attributed to strong exports, government stimulus and easing geopolitical tensions in the Middle East.

Bangkok Post

US in a 'panic' at prospect of Gulf states going it alone, analyst says

US Secretary of State Marco Rubio has promised the United States' Gulf allies that Washington would protect their interests as it seeks to hammer out a final settlement of the Middle East war in talks with Iran. Speaking with FRANCE 24's Sharon Gaffney, independent journalist and author of the newsletter…

France 24

Iran’s Qalibaf calls US-Iran agreement ‘America’s declaration of defeat’

Iran's parliamentary speaker, Mohammad Baqer Qalibaf, recently described a new understanding as proof of America's failure, attributing this victory to the steadfastness of Iran rather than external pressures. In his remarks made in Baku, he insisted that the nations of the region should control the future of Middle Eastern security,…

The Times of India

US manufacturing soars on front-loading of orders; factory employment tanks to six-year low

US manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict impacts. However, factory employment plunged to a six-year low due to rising operational costs. Despite peace talks offering some confidence, inflation concerns persist, leading manufacturers to cut jobs. This trend…

The Economic Times

Iran says won't allow UN inspectors at bombed nuclear sites

Iran declared UN nuclear watchdog inspections at bombed sites are off-limits, despite a US-Iran deal to end the Middle East war. Talks in Switzerland concluded with a 60-day roadmap for broader issues, including Iran's nuclear program and sanctions relief. Meanwhile, direct talks between Lebanon and Israel are set to begin…

The Economic Times

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The Economic Times

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Technology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market value. SpaceX slipped below a $2 trillion valuation for the first time since its IPO, while chipmakers and AI-linked megacaps extended losses amid valuation and rate concerns.

The Independent UK

UK economy faces contraction as private sector activity hits 14-month low

It also came as firms continued to increase prices in reaction to cost pressures from the Middle East conflict and government policy

Evening Standard

UK business growth slides to 14-month low as service sector shrinks

It also came as firms continued to increase prices in reaction to cost pressures from the Middle East conflict and government policy.

The Economic Times

Monday ship traffic through Strait of Hormuz highest since start of war: monitor

A record 36 commodity carriers navigated the Strait of Hormuz on Monday, a significant uptick following a US-Iran memorandum to end the Middle East war. This surge, nearing a third of normal peacetime traffic, follows Iran's earlier closure of the vital waterway. Despite a recent reopening, Iran's assertion of administering…

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Bangkok Post

Iran won’t allow UN inspectors at bombed nuclear sites

TEHRAN - Iran said on Tuesday that the United Nations’ nuclear watchdog will not be able to inspect key nuclear sites bombed by the US and Israel last year, as the first round of talks to end the Middle East war wrapped up in Switzerland.

Evening Standard

Grocery price inflation eases concerns about impact of Middle East crisis

Supermarket prices were 3% higher than a year ago in June, down from May’s 3.1% and April’s 3.8%, figures from Worldpanel by Numerator show.

The Economic Times

Dollar hits one-year high on Fed hike bets; yen nears 40-year low

The US dollar surged to a year-high on Tuesday, driven by expectations of a more aggressive Federal Reserve and ongoing Middle East uncertainty. Traders are anticipating rate hikes, with major banks revising their forecasts. Meanwhile, the Japanese yen teetered near a four-decade low, prompting speculation about potential intervention by Japanese…

The Guardian - AU

‘Compound shock effect’: why the Middle East crisis and El Niño could spell disaster in south-east Asia

Millions of tonnes of the world’s food could be lost amid the uncertainties surrounding the strait of Hormuz and the dangers of a ‘Godzilla-strength’ El Niño

Bangkok Post

Fertiliser prices set to fall as Mideast shipments resume

The price of fertilisers is trending downwards, with shipments from the Middle East currently en route to Thailand, says the Commerce Minister.

Fortune

Veteran Middle East CEO says business in the region isn't retreating—it’s resetting

Also: All the news and watercooler chat from Fortune.

The Guardian - AU

US-Iran talks laid ‘very good foundation for a successful final deal’, says Vance – as happened

The vice president said the move represented a ‘major milestone’ in ending Iran’s nuclear programme

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