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The Latest Breaking News from Middle East

Iran Accuses Israel of Driving Ukraine's Deadly Strike as Caspian Sea Becomes Latest Flashpoint

Iran accuses Israel of orchestrating a Ukrainian strike on its vessel in the Caspian Sea, escalating tensions in the Middle East and Eastern Europe. Ukraine denies Israeli involvement.

International Business Times UK

Republican senator breaks ranks with Trump over controversial nuclear deal with Saudi Arabia

Another GOP senator breaks with president on the Middle East as war with Iran divides his party

The Independent UK

Malaysia steps in to host Bahrain F1 GP in October

BUDAPEST - The Bahrain Grand Prix, which was cancelled in April due to the Middle East war, will be held in Malaysia in early October, Formula One organisers announced on Sunday.

Bangkok Post

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12 commercial vessels redirected, two 'non-compliant' ships disabled as US enforces full blockade against Iran: CENTCOM

US Central Command confirmed its naval blockade against Iran remains fully operational. Coalition forces redirected twelve commercial vessels attempting to breach the maritime perimeter. Two ships were disabled after failing to comply with orders and ignoring warnings. Two other vessels were boarded to ensure complete adherence to the blockade. These…

The Economic Times

Houthis target Saudi oil as new Middle East front

SANAA - Yemen's Iran-backed Houthi rebels said they had launched missile and drone salvos against Saudi Arabia's oil facilities on Saturday, as fighting between regional allies of the United States and Iran intensified on a new front.

Bangkok Post

Trump says Iran cannot have nuclear weapons as strikes intensify across the Middle East

IN FULL

The Independent UK

Why gold is showing signs of reversal after recent selling pressure

Gold prices are stabilising after recent declines, supported by escalating Middle East tensions, robust central bank buying and resilient Asian demand. While a strong dollar and high interest rates remain headwinds, analysts expect consolidation with potential upside if geopolitical and monetary conditions improve.

The Economic Times

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Gold edges up as Brent eases, Mideast developments in focus ahead of Fed meet

Gold prices saw a slight increase on Friday as Brent crude oil retreated from highs. Investors are assessing Middle East conflict developments and their inflation implications. They also await the US Federal Reserve's interest rate decision next week. Bullion has seen a correction from record highs earlier this year. Elevated…

The Economic Times

Iran-backed Houthis claim missile attack on Saudi Arabia as regional tensions escalate

Saudi air defences intercept ballistic missiles as Iran reports first night without US strikes in two weeks

The Guardian - UK

Houthis target Saudi oil facilities as new Middle East front

Yemen's Iran-backed Houthi rebels launched missiles and drones at Saudi Arabia's oil infrastructure on Saturday, retaliating for Saudi strikes in Yemen and intensifying a regional conflict that is increasingly threatening energy supplies and vital shipping lanes.

France 24

Iran attacks US bases across Middle East during the 14th consecutive night of strikes

IN FULL

The Independent UK

Perfect storm led by $100 oil batters shares

RECAP: Asian equity prices fell on Friday as world markets faced a perfect storm of $100 oil prices, resurgent Middle East fighting and worries about the AI investment boom.

Bangkok Post

Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre

Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrel

The Guardian - AU

Middle East crisis: US carries out strikes across Iran as Tehran targets American bases in region – as it happened

Latest attacks come after Trump vowed ‘major military punishment’ for Tehran and its Houthi allies

The Guardian - AU

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The Economic Times

US stocks today: S&P 500, Nasdaq fall as investors juggle earnings, Mideast risks and tariffs

Major stock indices experienced declines as concerns over artificial intelligence spending intensified. New tariffs and escalating Middle East conflict also weighed on investor sentiment. Chipmaker Intel's shares fell despite forecasting strong quarterly results and increased future spending. Geopolitical risks, including U.S. strikes in Iran, caused oil prices to surge significantly.…

The Economic Times

Euro zone business activity returns to growth in July for first time in four months, PMI shows

Euro zone business activity returned to growth in July for the first time in four months, driven by a rebound in new orders and stronger manufacturing and services output, an S&P Global survey showed. While the recovery suggests the bloc may regain momentum after a weak first quarter, economists cautioned…

The Economic Times

Global Market: European shares steady, set for weekly loss as oil surge, earnings keep investors cautious

European shares remained flat as investors assessed rising oil prices. Escalating Middle East tensions and corporate earnings influenced market sentiment. Germany's DAX gained, boosted by strong results from software firm SAP. Energy stocks declined after Neste's profit missed market expectations.

The Times of India

An offer they can't refuse: Don's protection racket in the Middle East & Europe

Donald Trump's approach to international security resembles a protection racket, insisting that allies contribute more for American military support and armament. This transactional style echoes his history in real estate. Countries in the Gulf and Nato are responding to pressure for increased defense expenditures, turning their anxiety into financial gain…

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The Economic Times

Bitcoin trades near $65,000 as Middle East tensions dampen crypto sentiment; Ethereum also trades lower

Over the past 24 hours, Bitcoin declined 0.43% and Ethereum fell 2.23%. Among major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano dropped by as much as 4.09%, while Tron edged up 0.05%.

The Times of India

Pakistan's Asim Munir used oil deal with Iran to shield Saudi from attacks: Report

The report said the understanding was reached in late March, during the early stages of the ongoing US-Israeli conflict with Iran. It cited a Middle East diplomat, a regional intelligence official and another person familiar with the discussions, all of whom spoke on condition of anonymity. According to the report,…

The Economic Times

In India, Iran war forces Diet Coke to roll out a bigger can, heftier price tag

Coca-Cola has raised Diet Coke prices in India by over 10% after the ongoing Middle East conflict disrupted supplies of aluminium cans. The company is importing costlier 330-ml cans from Southeast Asia as supplies of its usual 300-ml cans have been hit by shipping disruptions through the Strait of Hormuz.

The Economic Times

Asia going to sweat a lot more in coming weeks amid Middle East crisis

The Asia heatwave is set to intensify across Japan, China and South Korea, driving higher cooling demand, electricity consumption and LNG imports. The Asia heatwave comes as Middle East tensions due to US-Iran war threaten energy supplies, raising inflation risks through higher fuel and food prices while increasing pressure on…

The Economic Times

RBI intervention blunts oil surge, shores up rupee

The Reserve Bank of India intervened by selling dollars to prevent the rupee from reaching a record low. Surging oil prices and declining stock markets are currently pressuring the Indian currency. Geopolitical tensions in the Middle East are contributing to higher crude oil prices globally. India, heavily reliant on oil…

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Fall as US Strikes on Iran Enter 13th Day: Analyst Says Correction Isn't 'Great' for the Market

Leading cryptocurrencies dived alongside stocks on Thursday as elevated Middle East tensions trimmed investors’ risk appetite.

The Economic Times

Dollar rides yield surge as Middle East and trade wars raise inflation stakes

The dollar strengthened against major currencies on Friday. Rising oil prices and new trade tariffs fueled inflation concerns globally. U.S. Treasury yields climbed significantly, reaching multi-month highs. The yen remained near a 40-year low against the dollar. Investors anticipate central bank decisions amid inflationary pressures.

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