The Latest Breaking News from Middle East

Analyst Sees $4 Gas if Current Trends Continue, Warns Failure to Hit 9 Million Barrels Per Day Could Signal 'Demand Destruction'

Demand for gasoline in the U.S. could be falling as price volatility, fueled by ongoing escalations in the Middle East amid the U.S.-Israel and Iran war, poses challenges to the global oil supply chain.

Benzinga · Jul 16

Sensex rises 200 points, Nifty above 24,100 amid Middle East jitters. What lies ahead?

Indian stock markets showed resilience on Thursday, with Sensex and Nifty gaining slightly. Geopolitical worries from the Middle East conflict did not significantly impact trading. IT stocks led the gains, while some banking shares experienced minor declines. The Indian Rupee remained stable against the US dollar, with oil prices showing…

The Economic Times · Jul 16

Dollar near one-month low as cooling inflation curbs Fed hike bets

The U.S. dollar weakened near a one-month low on Thursday. Soft inflation data reinforced expectations of a patient Federal Reserve policy. Escalation in Middle East hostilities added upside risk to inflation outlook. Oil prices remained near one-month highs due to regional energy export threats. The U.S. dollar index hovered near…

The Economic Times · Jul 16

What Is the Bab el-Mandeb Strait? Why Iran's Latest Threat Could Shake the Global Economy

The Bab el-Mandeb Strait, often called the "Gate of Tears," has emerged as one of the world's most closely watched waterways after Iran and its Houthi allies signaled it could become the next major flashpoint in the escalating Middle East conflict.

Latin Times · Jul 15

Tehran threatens to halt all Mideast energy exports after US reimposes its blockade on Iran

The United States reimposed a blockade on Iranian ports over ship attacks. Iran retaliated with strikes on nations hosting American forces. This escalation threatens to push the region back toward full-scale war. Talks over Iran's nuclear program have stalled amid intensified fighting. The conflict impacts global oil and natural gas…

The Economic Times · Jul 15

Heating oil customers to get up to £350 compensation for cancelled orders

Watchdog says about 1,700 people were affected during a price surge triggered by the Middle East crisis

The Guardian - UK · Jul 15

Spain tourism revenue rises as visitors spend more

Tourism revenue rose in Spain in the second quarter of 2026, with the country benefiting from its reputation as a safe destination as Middle East tensions persisted and an increase in spending per person, tourism industry group Exceltur said on Tuesday. Spain benefited from a reorientation of tourist flows linked…

The Economic Times · Jul 15

'ISIS bride' accused of training with terror fighters

A so-called "ISIS bride" who is accused of training for weeks with Islamic State will remain behind bars after being refused bail for a second time.

AAP · Jul 15

US resumes Iran naval blockade, launches fourth straight day of strikes over Strait of Hormuz

The United States has resumed its naval blockade of Iranian ports and coastal areas. American forces also launched additional strikes against Iranian military capabilities linked to shipping attacks. These actions follow a series of strikes and counterstrikes in the strategic Strait of Hormuz. The conflict escalates tensions over one of…

The Times of India · Jul 14

US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings

U.S. stocks ended higher as softer June inflation data and strong bank earnings lifted sentiment despite escalating Middle East tensions. Nasdaq outperformed on chip gains, while JPMorgan and Goldman Sachs advanced on robust results. IBM fell on weak revenue guidance, and markets scaled back expectations of a near-term Federal Reserve…

The Economic Times · Jul 14