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The Latest Breaking News from Middle East

Middle East war wipes $120b from local share market

Australia's share market has posted its worst weekly drop in almost a year, as oil prices continue to surge on the back of widening conflict in the Middle East.

AAP

UAE opens ‘safe air corridors’ amid US-Israel war on Iran: Airlines allowed 48 flights per hour as Middle East tensions escalate

The UAE has opened 'safe air corridors' allowing up to 48 flights hourly to stabilise regional aviation amidst geopolitical tensions and the Iran-US-Israel war. This initiative aims to restore connectivity, evacuate thousands of stranded passengers and support tourism and business sectors. Limited commercial services have resumed, with authorities planning further…

The Times of India

‘Protection against 'Shaheds'’: US asked Ukraine for help against Iranian drones in Middle East, says Zelenskyy

Ukraine has agreed to share its expertise and interceptor drone technology to help the US counter Iranian attacks in the Middle East. President Zelenskyy emphasized that this assistance will only be provided if it doesn't compromise Ukraine's own defense and strengthens diplomatic ties. He also suggested a potential drone-for-missile swap…

The Times of India

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Fact check: AI-generated and miscaptioned Middle East war imagery

Round-up of fact checks from the last few days compiled by Full Fact.

Evening Standard

With oil once again a weapon in the Middle East, is clean energy the key to peace?

By closing the Strait of Hormuz and attacking oil and gas facilities in Gulf countries, Tehran is driving up hydrocarbon prices. But renewable energy – largely dominated by China – is not immune to the effects of geopolitical tensions either.

Radio France Internationale

How dangerous has the conflict in Iran become? Expert Q&A

The conflict in the Middle East is now in its sixth day and is showing no sign of letting up. Israeli and US warplanes have continued to strike targets inside Iran, which has prompted retaliatory attacks throughout the region. An American submarine has also sunk an Iranian navy ship off…

The Conversation

What Does the Middle East Conflict Mean for Valero Energy Stock?

Valero Energy (VLO) is the largest independent U.S. refiner. Shares are up more than 90% over the past 52 weeks. VLO stock has strong technical momentum and is trading at new all-time highs. Valero maintains a 100% “Buy” opinion from Barchart, but Middle East uncertainty clouds any projections. Today’s Featured...

Barchart

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Britons in Dubai fear leaving war-hit Middle East because they might get taxed at home, say experts

Thousands of Britons are stranded in the Middle East due to the conflict between the US, Israel and Iran

The Independent UK

British influencer charters £100k private jet to flee Dubai amid Iran war

Property investor and influencer Samuel Leeds has come under scrutiny for his ‘insensitive comments’ after escaping the Middle East

Evening Standard

The Pound Is Not Sterling. 1 Trade to Make ASAP Amid Middle East Conflict.

June British pound futures present a selling opportunity on more price weakness.

Barchart

How the Iran war will hurt you in the pocket as costs soar

Petrol, heating, and grocery bills could all take a hit as the conflict shows no sign of slowing

Evening Standard

Extra British fighter jets will deploy to Middle East, Keir Starmer announces

The Prime Minister also told a Downing Street press conference that a delayed Government-chartered flight from Oman had taken off.

Evening Standard

Azerbaijan accuses neighbor Iran of a drone attack and vows to retaliate

Azerbaijan has accused Iran of a drone attack on its territory, a development that signaled the war in the Middle East was spreading

The Independent UK

‘Outrageous’ fuel price hikes in Ireland amid Middle East conflict, Dail told

Reports of dramatic increases to fuel costs, such as home heating oil and motor fuel, have been sent to TDs.

Evening Standard

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The Times of India

Embassies shut, travel restricted: What to do if your US visa is expiring soon

US immigration experts advised non-immigrant visa holders in the country not to travel outside as the Middle East crisis and the ongoing travel restrictions could result in delays, causing people to lose their visa status or jobs. But those who are already stuck outside the US and have their deadlines…

Evening Standard

John Swinney ‘concerned’ about Scots trapped in Middle East as conflict rages

The First Minister said the Scottish Government is working with UK ministers to bring people home ‘as quickly as it is safe to do so’.

The Guardian - UK

HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis

Experts say Iran war could cause energy price shock that pushes up UK inflation, in turn forcing up interest rates

Evening Standard

Foreign Office and British Chambers of Commerce brief firms impacted by conflict

More than 600 business have already been briefed on the situation in the Middle East by the Diplomatic Advisory Hub.

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The Independent UK

Iran's barrage of attacks across the Persian Gulf shows regional chaos is key to its strategy

For years, Iran’s theocratic government warned it would blanket the Middle East with missile and drone fire if it felt its existence was threatened

The Guardian - UK

Azerbaijan accuses Iran of ‘terrorist’ drone attack on airport that injured four people

Tehran denies responsibility but strike raises prospect of US-Israel war on Iran spreading beyond Middle East

Golf Monthly

India Event Dropped By HotelPlanner Tour Due To Middle East Conflict

The HotelPlanner Tour has had to withdraw its sanctioning of an upcoming event in India with staff and players suffering travel disruption in the Middle East

The Independent UK

Qantas adds stop to long-haul London flight amid Iran conflict

Adjusted flight paths due to the Middle East conflict mean the usually non-stop flight will have to land in Singapore

Barchart

Stocks Slip Before the Open as Bond Yields Climb on Inflation Worries, U.S. Economic Data on Tap

March S&P 500 E-Mini futures (ESH26) are down -0.29%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.40% this morning as Treasury yields advanced for a fourth consecutive day amid worries that surging energy prices from the Middle East conflict could stoke inflation.

The Guardian - UK

‘Everyone’s calling’: demand for private jets from UK firm soars by up to 300% amid Iran war

Insider says demand is far outstripping supply and calls for creation of air bridges to evacuate people from Middle East

Radio France Internationale

French officials meet fuel suppliers as Iran conflict lifts oil prices

French finance chiefs on Thursday moved to calm fears of a sharp rise in fuel prices as fighting between Israel and Iran in the Middle East entered a sixth day and global oil prices climbed.

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