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The Latest Breaking News from Middle East

Dollar Rallies as Middle East Tensions Intensify and Stocks Fall

The dollar index (DXY00 ) Tuesday rose by +0.83%. The dollar moved higher on Tuesday on an increase in liquidity demand for the dollar as stocks fell after President Trump downplayed the chance of an early end to the Israel-Iran war and said he wants "unconditional surrender" from Iran. Gains...

Barchart

Crude Prices Surge as Middle East Tensions Escalate

July WTI crude oil (CLN25 ) Tuesday closed up +3.07 (+4.28%), and July RBOB gasoline (RBN25 ) closed up +0.0520 (+2.34%). Crude oil prices rallied sharply on Tuesday on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. President...

Barchart

Intense military aircraft movement signals rapid build-up of US striking capabilities in Middle East

US military movements in the Mediterranean suggest Washington may join Israel in strikes on Iran. Trump warned Tehran residents to evacuate, signaling a shift from negotiation to potential military action.

Euronews

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Crude Prices Climb as Prospects Dim for an Early End to Israel-Iran War

July WTI crude oil (CLN25 ) today is up +1.88 (+2.62%), and July RBOB gasoline (RBN25 ) is up +0.0286 (+1.29%). Crude oil prices are sharply higher today on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. Today's...

Barchart

Starmer: US not poised to intervene in Middle East conflict

The Prime Minsiter said ‘nothing’ he had heard from the US president suggested Washington was poised to get involved.

The Independent UK

Foreign governments seek emergency exits for nationals stranded in Iran and Israel

The Iran-Israel conflict has shuttered airspace across the Middle East as the two bitter enemies launch attacks and reprisals at one another

The Independent UK

US Air Force shifts military planes to Europe to ‘provide options’ as Iran crisis heats up

At least 30 aerial refueling aircraft spotted crossing Atlantic as Middle East tensions explode

The Independent UK

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US action against Iran would fuel 'broader conflict' in the Middle East, Kallas warns

Kaja Kallas has spoken against the idea of the United States direct involvement in the military escalation between Israel and Iran.

Euronews

What impact could the Iran-Israel conflict have on the African continent?

The Middle East is bracing for another protracted conflict after Israel's surprise bombardment on Friday of Iranian nuclear and military sites killed several of the country's top generals and nuclear scientists. Iran has responded with strikes on Israel. As the situation escalates, there are concerns about the global impact. RFI…

Radio France Internationale

The Phoenician Scheme is fantasy. It is also a remarkable engagement with the real-life conflict in the Middle East

Sharp edges of bitter history keep jutting through Wes Anderson’s whimsical intrigues that turn international tragedy into light comedy

The Guardian - UK

Trump claims EU is not offering a fair trade deal; Reeves pitches UK as ‘oasis of stability’; oil climbs as shares fall – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

The Middle East is a major flight hub. How do airlines keep passengers safe during conflict?

The Middle East is a region of intense beauty and ancient kingdoms. It has also repeatedly endured periods of geopolitical instability over many centuries.

The Conversation

Trump demands Iran’s ‘unconditional surrender’ – as it happened

The Israeli strikes came after the IDF issued a warning for an area of Tehran’ US president says Ayatollah Khamenei is ‘easy target’

The Guardian - AU

Fears Trump will veto G7 joint statement on Russia sanctions and Israel

The G7 countries are planning on discussing a new package of sanctions against Russia and a joint approach to the Israel/ Iran Middle East crisis but it appears Trump is preparing to reject the proposals

The Independent UK

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Evening Standard

Stocks up on hopes of thaw to Middle East tension

The FTSE 100 index closed up 24.59 points, 0.3%, at 8,875.22, just shy of its record closing peak of 8,884.92 posted last Thursday.

The Guardian - AU

Middle East crisis risks igniting inflation. Here are the markets to watch out for in Australia

Interest rate cuts still likely, experts say, but oil and gold prices are up and the share market is likely to remain volatile

The Guardian - UK

Iran and Israel crisis: what does it mean for the price of oil?

Banks and forecasters say price trajectory will depend on how far the military and humanitarian crisis escalates

The Conversation

Iran-Israel ‘threshold war’ has rewritten nuclear escalation rules

Israel’s conflict with Iran represents far more than another Middle Eastern crisis – it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.

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The Independent UK

Is it safe to travel to Turkey? Your rights as wildfires cause flight cancellations

Flights to and from Izmir were seriously disrupted amid wildfires in the popular tourist city on the Turkish coast

The Conversation

Iran war: from the Middle East to America, history shows you cannot assassinate your way to peace

In the late 1960s, the prevailing opinion among Israeli Shin Bet intelligence officers was that the key to defeating the Palestinian Liberation Organisation was to assassinate its then-leader Yasser Arafat.

Evening Standard

FTSE 100 Live 16 June: Oil price steadies, BetMGM boost for Entain

Oil prices and the FTSE 100 index today held steady in a session when China’s latest retail sales figures offered some support to jittery global markets.

AAP

Aussie shares stall as conflict weighs on confidence

Air and drone attacks in the Middle East have dominated market sentiment since Israel launched air strikes in Iran last week, sending oil prices surging.

The Independent UK

The UK must exercise all its leverage to de-escalate the Middle East

THE INDEPENDENT VIEW: Editorial: The G7, and parliament, must bring cool heads to bear for the clarity necessary to decide what action must be taken to moderate the conflict between Iran and Israel

Barchart

Geopolitics, the Fed and Other Can't Miss Items this Week

The stock market opens a shortened trading week under the shadow of escalating Middle East tensions following Israel's attack on Iran's nuclear, missile and military complex early Friday. Here are 5 things to watch this week in the Market.

The Independent UK

The UK should protect its allies in the Gulf and Middle East – but Israel isn’t one of them

IN FOCUS : Israel’s attack on Iran’s nuclear programme is good for the UK – but helping Israel now is not, and here’s why, explains world affairs editor Sam Kiley

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