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The Latest Breaking News from Middle East

French ship makes first Western European transit of Hormuz since Iran conflict

A French-owned container ship has crossed the Strait of Hormuz, a key global shipping route that has been largely restricted since the start of the Middle East conflict.

Radio France Internationale

Food prices spiked in March as Middle East conflict drove up energy costs, UN says

Biggest rises were in vegetable oil and sugar prices, which increased by 5% and 7% respectively

The Guardian - UK

France and South Korea deepen defence cooperation amid Middle East war

French President Emmanuel Macron and South Korean President Lee Jae Myung have agreed to boost defence cooperation and work together to address the economic and energy crises triggered by the war in Iran.

Radio France Internationale

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Pakistan announces free public transport after fuel price hike – as it happened

This blog is closed – our live coverage continues in a new blog here

The Guardian - AU

Kemi Badenoch says Trump ‘should not abandon mess he’s made’ in Middle East

Mrs Badenoch said her message to Mr Trump would be “if you break it, you own it”

The Independent UK

Losing a catastrophic war is no way for America to celebrate its 250th birthday

THE INDEPENDENT VIEW: Editorial: To avert global recession, US allies are being forced to humiliate themselves and clean up after Donald Trump in the Middle East. Never has an American president wreaked such havoc on erstwhile friends

The Independent UK

Bypass the Strait of Hormuz with nuclear explosives? The US studied that in Panama and Colombia in the 1960s

With the world struggling to get oil supplies moving from the Middle East, former House Speaker Newt Gingrich raised eyebrows with a social media post highlighting a radical idea: Use nuclear bombs to cut a new channel along a route that would avoid Iranian threats in the Strait of Hormuz.

The Conversation

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Stocks Tumble Before the Open as Oil Prices Jump After Trump’s Iran Address

June S&P 500 E-Mini futures (ESM26) are down -1.27%, and June Nasdaq 100 E-Mini futures (NQM26) are down -1.65% this morning as doubts over a quick resolution to the Middle East conflict dampened sentiment and fueled a spike in oil prices.

Barchart

Firms predict faster increases in prices amid Middle East conflict

The Bank of England’s latest survey of finance bosses across UK companies also highlighted growing uncertainty over the business outlook.

Evening Standard

Iran war affects 17,000 bookings as travellers seek sun elsewhere – Lastminute

The holiday website said it was having to ‘adapt quickly’ to travellers changing their preferences in light of the conflict.

Evening Standard

Kuwait’s military says its air defences working to intercept missiles – as it happened

US president warns there was ‘much more to follow’ after B1 bridge on the Karaj northern bypass in western Tehran, Iran, was targeted on Thursday

The Guardian - US

US moves troops to hotels in Middle East – seemingly in violation of its own rules of war: report

US rules of war state that forces should make an effort to distinguish themselves from civilians to mitigate casualties

The Independent UK

Swinney softens domestic oil and gas stance in light of Middle East crisis

The First Minister was speaking on a podcast recording on Wednesday.

Evening Standard

Crude Prices Fall on Hopes for De-Escalation of Hostilities in the Middle East

May WTI crude oil (CLK26 ) on Wednesday closed down -1.26 (-1.24%), and May RBOB gasoline (RBK26 ) closed down -0.1125 (-3.51%). Crude oil and gasoline prices settled sharply lower on Wednesday amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower...

Barchart

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The Conversation

Housing construction costs are already rising, increasing risks of builders going bust

For Australia’s building industry, higher fuel costs since the start of the Middle East war have been just the start of the pain.

Barchart

Cotton Bulls Pushing Higher on Wednesday

Cotton futures are pushing off the early weakness on Wednesday with gains of 60 to 75 points at midday. The US dollar index is $0.614 lower at $99.140. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested Iran...

Barchart

Corn Off Early Lows But Still Weaker at Midday

Corn futures are down 2 to 4 ½ cents in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 1 cent at $4.13 1/4. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested...

Evening Standard

FTSE 100 soars as Middle East peace hopes grow

The US and Iran have both made some positive noises, prompting markets to rise.

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AAP

No clear case for longer Iran war with goals won: PM

Australia will join a snap meeting to end disruption to shipping in a critical oil corridor as the prime minister questions the value of a prolonged Iran war.

Barchart

Crude Oil Prices Tumble on Hopes for an End to the War in the Middle East

May WTI crude oil (CLK26 ) today is down -1.62 (-1.60%), and May RBOB gasoline (RBK26 ) is down -0.0787 (-2.46%). Crude oil and gasoline prices are sharply lower today amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower after weekly...

Radio France Internationale

France and Japan deepen ties, urging calm as Middle East tensions escalate

French President Emmanuel Macron and Japanese Prime Minister Sanae Takaichi have called for de-escalation in the Middle East and the protection of key energy routes, as tensions continue to ripple across the region.

Euronews

Germany's first Omani LNG shipments arrive despite Middle East disruptions

Germany's first Omani LNG deliveries are arriving on schedule — but analysis of the country's supply chain suggests Berlin's exposure to the Middle East crisis runs deeper than officials admit.

Barchart

S&P Futures Climb on Hopes of Middle East Conflict Resolution, U.S. ADP Jobs Report and Retail Sales Data on Tap

June S&P 500 E-Mini futures (ESM26) are trending up +0.51% this morning as oil prices fall and risk appetite improves on hopes for an imminent end to the conflict in the Middle East.

The Times of India

'Not our war': UK PM to host multi-nation meeting on Hormuz crisis; backs Nato after Trump's 'paper tiger' jibe

Prime Minister Keir Starmer affirmed Britain will not join the Middle East conflict, deeming it "not our war" and not in the UK's national interest. He announced a meeting of 35 countries to discuss reopening the Strait of Hormuz and ensuring maritime security, aiming to mitigate economic fallout and rising…

Evening Standard

Reeves: Government ‘can’t alleviate every price increase’ from Iran war

Chancellor Rachel Reeves said contingency planning was under way to deal with the economic fallout from the Middle East crisis.

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