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The Latest Breaking News from Middle East

India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say

India has refused Russian liquefied natural gas shipments under United States sanctions. This decision comes amid energy supply concerns due to Middle East tensions. A Russian LNG tanker bound for India remains in limbo. India prioritizes avoiding sanctioned cargoes due to compliance risks. Russia seeks new markets for its LNG…

The Economic Times

National Energy Services Reunited Q1 Earnings Call Highlights

National Energy Services Reunited (NASDAQ:NESR) reported record first-quarter 2026 revenue and outlined plans to begin returning capital to shareholders, while management said operations across its core Middle East and North Africa markets remained resilient despite regional geopolitical disruptions

MarketBeat

London Heathrow airport traffic dips due to Mideast war

London's Heathrow Airport announced Monday that passenger numbers dropped in April as the Middle East war disrupted global air travel. Heathrow, Europe's busiest airport, said that the decline reflected "the ongoing impact of the Middle East conflict on some markets and short-term adjustments to travel plans."

The Economic Times

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Logitech bets on AI, gaming and business users as it raises spending, CEO says

Logitech plans increased spending on product development and marketing this year. The company is focusing on gaming, business customers, and AI-enabled devices for growth. Despite economic slowdown worries and Middle East supply issues impacting sales, Logitech expects continued momentum. Investments will be made to capitalize on AI opportunities and maintain…

The Economic Times

Crude oil prices likely to stay higher for longer: ADB Chief Economist

Crude oil prices are set to remain high due to the Middle East crisis. This will affect India's economy, lowering GDP growth in FY27. Inflation is also expected to rise significantly. Weather disruptions and fertilizer costs could further impact food prices. India's reliance on imported oil makes it particularly vulnerable…

The Economic Times

Middle East negotiations continue as US awaits Iranian response to latest peace proposal – as it happened

Centcom says it has struck two tankers heading for Iran after Tehran warned Washington was violating fragile ceasefire; two days of ‘intensive talks’ between Israel and Lebanon slated as strikes continue in the region

The Guardian - UK

F1 working on contingency plans for Middle East races, as Q1 revenue surges

As Formula 1 rightsholder Liberty Media reveals its 2026 Q1 results, series chiefs addressed its 2026 calendar issue

Autosport

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AI boom masks rising global energy risks, warns David Roche

Market veterans warn investors may be underestimating the long-term economic fallout from the Middle East energy crisis. While AI spending and US economic resilience fuel optimism, falling oil reserves and tightening supplies could lead to shortages and a significant global GDP contraction. Rising shipping costs and insurance premiums further exacerbate…

The Economic Times

Is the war over or not? US-Iran trade fire amid ceasefire, UAE hit again; where things stand

The fragile ceasefire between the United States and Iran appeared dangerously close to collapse on Friday after fresh military exchanges in and around the Strait of Hormuz reignited fears of a wider Middle East conflict. The latest escalation came after the US military said it intercepted Iranian missiles, drones and…

The Times of India

Oil prices rise as US and Iran exchange fire in Strait of Hormuz

Asian stocks head for stellar weekly gains despite pulling back slightly on Friday

The Independent UK

Global Market Today: Asian stocks drop, oil climbs on Iran tensions

Asian stocks retreated from record highs as Middle East tensions escalated, impacting crude oil prices and reviving concerns over energy supplies. US forces responded to Iranian attacks in the Strait of Hormuz, while President Trump issued a stern warning. Despite volatility, investors remain focused on de-escalation efforts and the AI…

The Economic Times

Shopping visits fall as Middle East conflict takes toll on consumer confidence

UK footfall fell 3.9% year-on-year over March and April, according to latest figures.

Evening Standard

Stocks Steady Before the Open as Investors Await U.S.-Iran Updates; Earnings and Economic Data on Tap

June S&P 500 E-Mini futures (ESM26) are up +0.03%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.01% this morning as investors await the outcome of diplomatic efforts aimed at ending the Iran war.

Barchart

AI boom keeping markets elevated despite geopolitical noise: Mark Matthews

Financial markets are increasingly prioritizing artificial intelligence-driven growth and corporate earnings over geopolitical tensions, according to Mark Matthews. He highlights extraordinary earnings, particularly in tech, fueling market highs despite Middle East uncertainty. Matthews also sees India as attractive due to improving valuations and continued FII buying.

The Economic Times

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The Independent UK

Southeast Asian leaders will reaffirm core values in veiled Mideast war rebuke

Southeast Asian leaders plan to issue a contingency plan that upholds international law, sovereignty and freedom of navigation in what could be seen as a veiled rebuke to the United States, Israel and Iran over the Middle East war which has impacted their region, according to a draft declaration seen…

AAP

Strong gold and copper prices support explosive demand

Blasting solutions company Orica has banked record returns thanks to strong commodity prices and largely dodging supply impacts from the Middles East conflict.

The Guardian - UK

Trainline says Middle East tensions hitting European rail bookings

Profits jump to £122m at ticketing retailer but it expects flat or declining revenues over the coming year

The Economic Times

22k gold rate today: Check 24k, 22k, 18k gold prices (May 6, 2026) on Malabar Gold & Diamonds, Joyalukkas, IBJA, Tanishq and Kalyan Jewellers

Gold prices surged on May 6, 2026, driven by escalating Middle East tensions and amplified inflation concerns. Major jewelry brands and IBJA reported noticeable uptrends in 22k gold rates, reflecting firm global cues. This rise follows a day of pressure on gold prices due to geopolitical events.

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Fortune

The Iran war's oil shock causes a plastic shortage in Asia, squeezing industries and prompting a 'Middle East plus one' rethink of supply chains

South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.

Evening Standard

Next to hike prices overseas as it faces higher Iran war cost hit

The fashion and homewares chain increased its estimated cost of the Middle East conflict to £47 million from the £15 million guidance given in March.

The Independent UK

Retailer Next warns of clothing and homeware price hikes as costs increase due to Iran war

Brand increased its estimated cost of Middle East conflict to £47 million - up from predicted £15 million

The Economic Times

India approves $1.9 billion credit guarantee to support businesses hit by Middle East crisis

India's cabinet approved a 181-billion-rupee emergency credit guarantee program to support businesses, especially small firms, facing liquidity issues due to the Middle East crisis.

The Economic Times

Lufthansa Airlines warns of rising Mideast war risks

Germany's Lufthansa warned Wednesday of rising risks to the firm's financial performance because of the Middle East war even as it maintained its outlook for the year. "While no restrictions in kerosene supply are currently expected at any of the Lufthansa Group hubs, potentially reduced fuel availability later in the…

The Guardian - AU

Macron says ‘all parties must lift the blockades’ – as it happened

This blog is now closed

The Conversation

Is this the moment to change the way we think about economic growth?

Economic growth, particularly in energy-intensive nations, is slowing as the Middle East war continues to throttle exports of oil, plastics and fertiliser.

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