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The Latest Breaking News from Middle East

Middle East conflict hits hard disk drive shipments

Thailand's hard disk drive (HDD) exports to the Middle East are expected to contract by 18% to US$79 million this year as the Iran conflict disrupts maritime shipping and weighs on regional trade, according to Kasikorn Research Center (K-Research).

Bangkok Post

Iran threatens retaliation against US, Israel after strikes on Beirut

Iran has threatened to retaliate against the United States and Israel following fresh strikes in Beirut. This escalation occurs as the Middle East war reaches its 100th day. Hopes for a lasting peace are diminishing. The conflict has impacted global markets and increased domestic pressure on US President Donald Trump.

The Economic Times

US says shot down Iran drones as war reaches 100th day

TEHRAN - The United States said it shot down a pair of Iranian drones threatening the Strait of Hormuz, as the Middle East war reached its 100th day on Sunday with no end in sight.

Bangkok Post

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Global airlines slash 2026 profit forecast on fuel shock from Iran war

The global airline industry has significantly lowered its 2026 profit forecast due to rising fuel costs and disruptions from the Iran war. Airlines are now expected to earn $23 billion, down from $41 billion, as conflict in the Middle East drives up jet fuel prices and forces flight reroutes.

The Economic Times

Lebanon army chief visits US-Iran mediator Pakistan: military

Lebanese Army Chief Rodolphe Haykal is in Pakistan for talks with his counterpart, a visit reportedly tied to Iran-US negotiations aimed at ending the Middle East conflict. Lebanon's inclusion in any agreement is a key demand from Iran, though Lebanese President Aoun criticizes Tehran's interference. This comes amid ongoing border…

The Economic Times

Rosneft Chief Says US Energy Firms Gain From Strait Of Hormuz Closure Amid Global Oil Disruption

The comments came at Russia's flagship economic forum as governments and energy producers continue to grapple with supply disruptions linked to the Middle East conflict.

International Business Times

Iranian footballers get visas but tensions persist

WASHINGTON - New attacks in the Middle East on Friday threatened to unravel an already fragile US-Iran ceasefire, even as American officials confirmed that Tehran’s football players had received visas for the World Cup.

Bangkok Post

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European shares slip as Mideast tensions linger; tech stocks pause rally

European shares edged lower, on track for a weekly dip as Middle East peace efforts remained uncertain. Technology stocks led the declines, pausing after a significant two-month rally. Brent crude prices rose, with diplomatic resolutions appearing unlikely amid ongoing strikes and a fragile Israel-Lebanon ceasefire.

The Economic Times

Parent company of Tommy Hilfiger warns ongoing Iran war could bring its sales down

PVH reduced its full-year revenue projection due to rising challenges and weaker retail demand in Europe

The Independent UK

US stocks today: Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide; jobs data fuels rate hike fears

Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. The Nasdaq plunged over 4%, ending a nine-week rally, while persistent Middle East tensions and rising yields further pressured investor sentiment.

The Economic Times

Investors take profits, watch Mideast warily

RECAP: Asian share markets retreated yesterday as investors took profits on technology stocks and turned defensive ahead of the weekend, wary of a flare-up in Middle East hostilities with US-Iran peace talks in limbo.

Bangkok Post

WTO sees signs of slowdown in global goods trade growth amid Middle East conflict

Despite geopolitical tensions in the Middle East impacting the market, global merchandise trade showcases a surprising resilience, powered by increasing demand for AI-driven electronic components. The World Trade Organization's barometer does point to a looming slowdown in trade growth, but volumes continue to exceed expected trends.

The Economic Times

UN warns of global hunger crisis as Mideast war drags on

GENEVA - “Pessimistic” predictions that the Middle East war could push tens of millions more people into acute hunger if drawn out are being proven right, the United Nations said on Friday.

Bangkok Post

Predicted global hunger crisis becoming a reality as Mideast war drags on, UN warns

Predictions that the Middle East war could drive tens of millions more people into acute hunger are proving to be accurate, the United Nations said Friday, warning that higher fuel and food costs linked to the conflict are deepening food insecurity far beyond the region.

France 24

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The Economic Times

Airbus delays XLR deliveries to IndiGo as war hits suppliers

Deliveries of the A321XLR jets from Airbus are lagging, and IndiGo, a prominent airline in India, is bracing for holdups affecting several of the nine planes it has ordered for this year. The ongoing Middle East conflict is causing supply chain issues that exacerbate the delays.

The Times of India

'I was in office that was attacked': Iran top diplomat Araghchi recalls Khamenei's 'martyrdom'

Iranian foreign minister Abbas Araghchi on Friday claimed he was inside the office of then-Supreme Leader Ali Khamenei when it was attacked during the first wave of US-Israeli strikes in Tehran on February 28 that triggered the Middle East conflict.

The Independent UK

How the war in Iran could impact £3bn of UK pensions

INVESTIGATION: New analysis from the Bureau of Investigative Journalism and The Independent finds that billions of pounds of UK pensions have been left exposed to the ongoing conflict in the Middle East. Josephine Moulds and Nick Ferris report

The Economic Times

Why are gold and silver prices down today, and will precious metals continue to drop or rise again? Analysts insights, market outlook and what should investors do now

Why are gold and silver prices down today, and will precious metals continue to drop or rise again? Gold and silver prices declined on Friday and were headed for weekly losses. Concerns over higher U.S. interest rates, uncertainty in the Middle East, and caution ahead of U.S. jobs data affected…

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The Guardian - UK

US job creation smashes forecasts in May, fuelling rate hike bets; ‘no jet fuel shortage in Europe’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Friday briefing: How Gaza, Lebanon and Iran have found themselves caught in an escalation without end

In today’s newsletter: Global powers are focused on oil markets and elections but those living through conflict in the Middle East feel abandoned

The Economic Times

US job growth likely slowed in May, labor market seen stable despite oil shock

America's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middle East conflict has not yet significantly impacted jobs. Fiscal stimulus is supporting businesses. Businesses are cautious about hiring due to uncertainty. Layoffs are low, maintaining a balanced job…

The Economic Times

Oil little changed on uncertainty over US-Iran peace deal

Oil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. This follows the Hezbollah militia rejecting a new ceasefire in Lebanon. Fighting in the Middle East has caused oil prices to rise this week. Global oil…

The Economic Times

Pakistan 'problematic player', 'unreliable' mediator: Israeli envoy

Israeli Ambassador Reuven Azar expressed doubts about Pakistan's mediation capabilities, calling it a "problematic player" and warning India that Middle East conflicts are a "preview" of radical tactics potentially impacting its neighborhood. He highlighted alleged visits by Hamas leaders to Pakistan and Bangladesh, suggesting a growing connection between radical elements…

MarketBeat

PVH Q1 Earnings Call Highlights

PVH (NYSE:PVH) said it met or exceeded its key first-quarter financial targets, helped by growth in direct-to-consumer sales and e-commerce, but lowered its full-year revenue outlook because of what executives described as the prolonged effects of the Middle East conflict on its EMEA business. Chie

The Guardian - UK

Iran and the US both think they are winning the war. The truth is they are both losing

The current ceasefire has held just enough to prevent a return to all-out war, but neither side is close to achieving peace, says Sanam Vakil, director of the Middle East and North Africa programme at Chatham House

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