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The Latest Breaking News from Middle East

IOC shares jump 3% after Q4 net profit rises 78% YoY. Here's what Motilal Oswal says

IOC shares saw an uptick on Tuesday after the company reported a 78% YoY jump in Q4 FY26 net profit to Rs 14,458 crore. Revenue grew 7% to Rs 2.37 lakh crore. Motilal Oswal maintained a ‘Neutral’ stance, noting strong EBITDA beat, improved margins, debt reduction, and resilience despite Middle…

The Economic Times

Trump says US may hit Iran again, claims Tehran wants deal

US President Donald Trump said that the United States may need to attack Iran again and claimed that he had been only an hour away from deciding ‌on a fresh strike before he allegedly postponed the attack. Thousands of people have been killed in Iran, Lebanon and the wider Middle…

France 24

Iran Tightens Grip on Strait of Hormuz With New Maritime Authority as Donald Trump Warns the Clock Is Ticking

Middle East tensions are rising as Trump renewed threats toward Iran while Tehran tightened control over the Strait of Hormuz amid uncertain peace talks.

International Business Times UK

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UN labour agency says Middle East war threatens millions of jobs

The Middle East war is impacting jobs and pay worldwide. Millions of jobs could be lost, and real wages may fall in 2026 and 2027. Migrant workers face significant risks. Higher energy costs and disrupted supply chains are key factors. The International Labour Organization warns this conflict is a long-lasting…

The Economic Times

India can ride out disruption after Russian oil waiver lapses

India's oil refiners are prepared for changes in Russian crude supply. Weaker domestic demand and available oil from the US and Middle East offer alternatives. China's reduced market presence also helps maintain supply. Maintenance at major refiners has increased Russian crude in storage. This provides Indian refiners with more options…

The Economic Times

Japan's extra budget to include funding from fresh debt

Japan plans a new budget to counter Middle East war economic impacts. This may mean more government debt, potentially raising interest rates. Long-term bond yields have already hit record highs. The government is considering subsidies for fuel and utility bills. This move could influence the Bank of Japan's interest rate…

The Economic Times

Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook

Gold prices dropped to a one-month low on Monday. Middle East tensions boosted oil prices, fueling inflation concerns. This reinforced expectations for sustained higher interest rates. Investors are awaiting US Federal Reserve meeting minutes for policy direction. India has also curbed silver imports to ease pressure on its currency. Other…

The Economic Times

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Dollar firms as oil climbs, bond rout saps risk appetite

The dollar strengthened globally on Monday, fueled by rising oil prices due to Middle East tensions and a bond market selloff that dampened investor confidence. This surge in oil prices, linked to potential Strait of Hormuz disruptions, is expected to benefit the dollar further. Meanwhile, persistent yen weakness keeps markets…

The Economic Times

Drone Strike On UAE Nuclear Plant Sparks Alarm Over Shaky Iran Truce

US President Donald Trump issued a veiled warning over rising tensions in the Middle East by posting an AI-generated image and message that read "calm before the storm."

International Business Times

India scrambles to steady rupee as oil shock bites

India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy. The depreciation has punctured India's ambition to become the world's third-largest economy.

The Economic Times

Prestige Consumer Healthcare Q4 Earnings Call Highlights

Prestige Consumer Healthcare (NYSE:PBH) reported a weaker-than-expected fourth quarter as supply constraints in eye care and shipping disruptions tied to conflict in the Middle East weighed on sales, but management said it expects a return to organic growth in fiscal 2027 and outlined a multiyear ou

MarketBeat

Macro stability key for next leg of market rally: Sandip Sabharwal

Indian equity markets recovered despite early volatility, with fuel price hikes and easing Adani concerns providing support. Market expert Sandip Sabharwal emphasizes that global macro factors like commodity prices, inflation, and Middle East tensions will now dictate market direction, overshadowing corporate earnings.

The Economic Times

US Stock Market: Bond markets brace for higher-for-longer yields amid oil price surge

Investors anticipate prolonged elevated U.S. Treasury yields due to inflation concerns, particularly from surging oil prices amid Middle East conflict. Incoming Fed Chair Kevin Warsh faces challenges containing these pressures, as persistent inflation and potential policy shifts could further impact yields and economic growth.

The Economic Times

Diesel Price Today (May 15): Check new diesel prices in Delhi, Mumbai, Kolkata, Chennai and Bangalore after centre hikes fuel rates

Diesel Price Today (May 15): Fuel prices have seen an immediate Rs 3 per litre hike for petrol and diesel nationwide. Diesel rates in major cities like Delhi, Kolkata, and Mumbai have risen significantly. This comes as oil companies absorb substantial daily losses due to soaring global crude oil prices,…

The Economic Times

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Euronews

Europe’s household energy prices surge after Iran war: Which capitals were hit hardest?

Household gas prices rose across EU capitals between early February and early April, reflecting the impact of Middle East tensions. However, electricity prices fell on average, highlighting diverging trends in Europe’s energy markets.

The Economic Times

Tunisian tourism slows in fallout of Mideast war

In Tunisia, May usually heralds the start of the summer tourism boom, but as the Middle East war wreaks havoc on the region, the season is opening on uneasy footing. - Signs of resilience - Last year, a record 1.2 million tourists visited Djerba, a five-percent rise compared to the…

The Economic Times

Petrol, Diesel Price Today: Check fuel rates in Delhi, Mumbai, Kolkata as sugar exports halted, milk gets costlier and gold import duty doubled

Petrol, Diesel Price (May 14): Petrol and diesel prices remain stable in India despite rising global crude oil costs and West Asian conflict. Oil marketing companies are absorbing significant daily losses, while the government has banned sugar exports to control domestic prices. Milk has also become costlier, and gold import…

Evening Standard

Refusal by allies to back US in war against Iran ‘unconscionable’, says Hegseth

The White House has singled out the UK for criticism in the past over its reluctance to be drawn into the Middle East conflict

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The Guardian - UK

Benjamin Netanyahu says he made secret trip to UAE at height of Iran war

Emirates’ foreign ministry rejects claims that Netanyahu visited country, describing them as ‘baseless’

MarketBeat

Brenntag Q1 Earnings Call Highlights

Brenntag (ETR:BNR) said its first-quarter 2026 results reflected a slow start to the year followed by a sharp improvement in March as volatility tied to the crisis in the Middle East lifted pricing and prompted some customers to rebuild inventories. On the company’s earnings call, Chief Operating O

International Business Times UK

Social Security COLA 2027 Prediction Hits Highest Forecast Since 2022 — What It Means for Retirees

The Social Security Administration may issue a 4.2% COLA for 2027 due to rising inflation, driven by the Middle East conflict, which would be the highest increase in four years.

The Times of India

Donald Trump to meet Xi Jinping in China for high-stakes three-day visit

President Trump embarks on a crucial three-day visit to China, set to engage in high-stakes talks with President Xi Jinping. Discussions will span critical global issues including the Middle East conflict, Taiwan, AI, and nuclear weapons. Business leaders are accompanying Trump, signaling a focus on trade and potential new deals,…

MarketBeat

Hapag-Lloyd Aktiengesellschaft Q1 Earnings Call Highlights

Hapag-Lloyd Aktiengesellschaft (ETR:HLAG) reported a weaker first quarter of 2026, with management describing the start to the year as “unsatisfactory” as severe weather, weak Atlantic trade and higher costs tied to Middle East tensions weighed on results. Chief Executive Officer Rolf Habben Jansen

The Economic Times

India rolls out new gold math with import duty hike. Who will foot the bill?

India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange reserves amid rising risks from the Middle East conflict. The move follows Prime Minister Narendra Modi’s appeal to avoid unnecessary gold purchases and foreign travel.

The Economic Times

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International Energy Agency reports significant supply losses and a projected deficit of 1.78 million barrels per day by 2026. Demand is also expected to decline due to price…

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