The Latest Breaking News from Middle East

Increased Hostilities in the Middle East Boost Crude Oil Prices

November WTI crude oil (CLX26 ) is up +0.94 (+1.00%) today, and November RBOB gasoline (RBX26 ) is down -0.049 (-0.15%). Crude oil prices extended this week’s rally to a 2-week high today. Escalating hostilities in the Middle East that are disrupting regional energy supplies are pushing crude prices higher....

Barchart · Oct 14

Cisco bullish on India, to expand chip design team, says CEO Chuck Robbins

Cisco's leadership is focusing on expanding its silicon design team in India due to available talent. The company has successfully implemented a meaningful manufacturing strategy, showcasing its commitment to the market. Cisco plans to introduce its sovereign critical technology suite to India soon, following its earlier rollout in Europe and…

The Economic Times · Oct 14

Israeli strike in Gaza kills a woman, and other Middle East developments

A hospital in Gaza says the latest Israeli strike in the Palestinian territory has killed a woman

The Independent UK · Oct 14

The Saudi megaprojects at risk of collapse as war with Houthis escalates

IN DEPTH: Saudi Arabia’s image as a safe haven has been battered by Iranian and Houthi attacks. But could this threaten its much-touted Vision 2030? Alex Croft reports

The Independent UK · Oct 13

Saudis and Yemen's Houthi rebels exchange threats to escalate conflict

Yemen’s Iran-backed Houthi rebels and the Saudi-led coalition have threatened new strikes on each other, a fresh escalation in the Middle East conflict

The Independent UK · Oct 13

Heating oil market to be better regulated under plans to help households

The Competition and Markets Authority launched a study into the sector after the Middle East conflict sent the cost of heating oil soaring.

Evening Standard · Oct 13

Inflation to rise faster than expected in fresh blow to Andy Burnham

Households are set to face a sharper rise in inflation than previously forecast as the conflict in the Middle East propels food and energy costs higher, according to the International Monetary Fund (IMF).

The National (Scotland) · Oct 13

IMF raises 2026 global growth forecast to 3.1%, warns of rising risks from war and debt

The IMF projects global growth of 3.1% in 2026, supported by AI infrastructure investment, but warns that prolonged Middle East conflict, elevated energy prices, rising debt and uneven growth pose mounting risks to the global economic outlook.

The Economic Times · Oct 13

IMF forecasts 3.1% global growth in 2026, with eurozone at 1.1%

The IMF raised its 2026 global growth forecast to 3.1%, citing resilient economies and AI investment. However, high energy prices linked to conflicts will weigh on growth, with eurozone expansion forecast at 1.1%.

Euronews · Oct 13

‘Clear and present danger’: fuel prices could rise by 30c a litre across Australia under IMF scenario

IMF’s World Economic Outlook shows how a worsening Middle East crisis could affect global growth and inflation

The Guardian - AU · Oct 13