The Latest Breaking News from Middle East

Gold edges higher as investors assess Fed rate-hike odds

In early Asian trading, gold prices saw a modest uptick as speculation swirled regarding the Federal Reserve's policy stance. Investors are closely watching remarks from Fed Chairman Kevin Warsh on the state of the U.S. economy and rising inflation concerns. As import costs climb, expectations for a rate hike this…

The Economic Times · Oct 19

Akasa Air extends Saudi Arabia flight suspension until October 27

Akasa Air has extended the suspension of flights to Riyadh and Jeddah until October 27, 2026. This decision follows the ongoing security concerns in the Middle East and prioritizes passenger safety. Affected passengers will receive full refunds or can reschedule travel without extra costs. Other airlines, including Air India and…

The Economic Times · Oct 18

The disturbing ‘new normal’ in the Strait of Hormuz: Attacks on ships at a record high and oil at $100 a barrel

IN FOCUS: With the prospect of peace in the Middle East looking increasingly remote ahead of the US midterm elections, oil prices remain stubbornly high and attacks have intensified rather than settled. Experts tell Maira Butt that the conflict is in a dangerous limbo

The Independent UK · Oct 17

Oil Prices Are Already Soaring. Their 'Real' Cost Could Be Much Higher, Analyst Says.

Disruptions in the Middle East have driven physical oil prices sharply above futures benchmarks and squeezed refinery margins in Europe and Asia.

International Business Times · Oct 16

Crude Prices Slip as More Supplies Leave the Middle East

November WTI crude oil (CLX26 ) is down -0.19 (-0.19%) today, and November RBOB gasoline (RBX26 ) is down -0.383 (-1.20%). Crude oil and gasoline prices are sliding today, with crude retreating from a 3-week high and gasoline falling to a 2.5-week low. Signs of energy supplies leaving the Middle...

Barchart · Oct 16

Israeli settlers attack Palestinians during olive harvest, and other Middle East developments

Israeli settlers have attacked Palestinians in towns across the occupied West Bank during the olive harvest

The Independent UK · Oct 16

Asian Cup in Saudi Arabia stays on track as safety fears grow amid Middle East conflict

Asian Cup organizers have confirmed that plans for the continental soccer tournament in Saudi Arabia remain on track despite ongoing conflict in the Middle East

The Independent UK · Oct 16

WTO chief sees lasting impact on trade from Middle East war and geopolitics

The World Trade Organization projects significant declines in both imports and exports due to these challenges. Companies are revising their supply chain strategies and exploring new trade corridors.

The Economic Times · Oct 16

Crude Prices Jump as Middle East Hostilities Disrupt Global Supplies

November WTI crude oil (CLX26 ) closed up +2.88 (+3.03%) on Thursday, and November RBOB gasoline (RBX26 ) closed down -0.793 (-2.43%). Crude oil and gasoline prices settled mixed on Thursday, with crude up sharply at a 3-week high and gasoline falling to a 2-week low. Escalating hostilities in the...

Barchart · Oct 15

Azerbaijan hosts rare summit of both converging and opposing Middle East and Asian leaders

Middle East and Asian leaders, including those on opposing sides of conflicts, held a rare summit in Baku focusing on "confidence-building measures," addressing differences but also the opportunities of new transport corridors and economic realignments amid evolving global reshapes.

Euronews · Oct 15