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The Latest Breaking News from Middle East

Afternoon Update: ADF aircraft and missiles sent to UAE; Littleproud quits as Nationals leader; and Kyle apologises to Jackie ‘O’

The PM insists Australia will not be deploying troops to the Middle East

The Guardian - AU

Politics with Michelle Grattan: Middle East war set to push inflation higher than forecast, warns RBA deputy governor

The Reserve Bank’s Deputy Governor Andrew Hauser says inflation in Australia looks likely to be higher than projected before the war in the Middle East broke out.

The Conversation

Iran-US war latest: Tehran launches ‘most intense’ barrage of missiles since start of conflict

Trump threatened Iran with a military response ‘at a level never seen before’ after US destroyed more than a dozen Iranian mines laid in the Strait of Hormuz

The Independent UK

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Five killed in strikes on Lebanon, health ministry reports – as it happened

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The Guardian - AU

The critical infrastructure that’s so vital to Middle East nations – and vulnerable to Iranian attack

Attacks on desalination plants mark a dangerous escalation in the Middle East conflict. Experts tell Stuti Mishra the Gulf’s most water-scarce nations face an existential threat

The Independent UK

Iran fires drones toward Saudi Arabia and Kuwait

Iranian fired drones toward Saudi Arabia and Kuwait early Tuesday as the war in the Middle East shows no sign of abating

The Independent UK

Australian shares pare early gains for modest rebound

Hopes of a timely end to the Middle East conflict sparked a relief rally on the local bourse, but the optimism was limited, capping gains by the close.

AAP

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Oil prices fall and stocks rebound after Trump says Iran war could end ‘very soon’

FTSE 100 opens higher and European markets rise as US president describes conflict as ‘very complete’

The Guardian - UK

Wet February dampens retail sales amid Middle East conflict threat to confidence

Total UK retail sales increased by just 1.1% year on year, against already sluggish growth last February and well below the 12-month average of 2.3%.

Evening Standard

2 High-Yield Dividend Stocks to Buy Now Amid the U.S.-Iran War

J.P. Morgan’s more bullish stance on select European majors makes sense here, because Eni and TotalEnergies combine mid‑single‑digit yields, below‑sector valuation multiples, and diversified upstream, downstream, and renewables portfolios that can monetize a sustained Middle East risk premium while still paying investors to wait.

Barchart

State Department orders drawdown at more Mideast diplomatic missions as familiar criticism mounts

The State Department has drawn down personnel at more U.S. diplomatic missions in and around the Middle East as it comes under increasing but historically familiar criticism for not doing enough to prepare

The Independent UK

Iran’s new supreme leader brings mystery element to Middle East crisis

What Mojtaba Khamenei will do with his leadership is now the key question after he succeeds his father

The Guardian - UK

Major airline extends suspension of Middle East flights as Iran war rages

IN FULL

The Independent UK

Crude Prices Surge after Israel Bombs Iranian Fuel Depots

April WTI crude oil (CLJ26 ) today is up +5.49 (+6.04%), and April RBOB gasoline (RBJ26 ) is up +0.0878 (+3.25%). Crude oil and gasoline prices today are sharply higher after Israel on Saturday bombed 30 Iranian oil depots. In addition, Saudi Arabia became the latest Middle East oil producer...

Barchart

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Radio France Internationale

Macron announces 'defensive' mission to reopen Strait of Hormuz

President Emmanuel Macron on Monday warned that an attack on Cyprus was an attack on all of Europe and said France and its allies were preparing a "defensive" mission to reopen the Strait of Hormuz as the Middle East war entered its second week.

International Business Times UK

Is This The Last Chance To Buy Dubai Property Before Prices Surge Again?

Dubai's record $250bn real estate boom faces new questions as geopolitical tensions in the Middle East prompt investors to reassess risks and opportunities.

Radio France Internationale

Macron visits Cyprus as Europe tightens security in eastern Mediterranean

French President Emmanuel Macron is in Cyprus to show support and bolster defences after a drone strike heightened fears the Middle East conflict could spill onto European soil.

International Business Times UK

Trump Dismisses Oil Spike Fears and Calls Critics 'Fools' as Other Countries Scramble for Oil Reserves

US President Trump downplays the crisis, calling it a minor sacrifice for global security. But the recent escalation in the Middle East has led to a significant rise in oil prices, prompting an emergency meeting among G7 leaders.

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Everybody Loves Your Money

Why Gas Prices Spike During Middle East Conflicts — And How Long It Usually Lasts

A missile launch thousands of miles away can push the price of gasoline up before the next morning commute even begins. That reality surprises many people, yet global oil markets react with lightning speed whenever tension rises in the Middle East. Traders, governments, and energy companies all watch the region…

Evening Standard

How much will your energy bills and petrol prices rise by on the back of the Middle East war?

Consumers will see prices rise due to turmoil in the Middle East – but by how much?

Evening Standard

What does war in the Middle East mean for my finances?

Here, the Press Association looks at how the conflict could impact people’s finances in different ways.

The Independent UK

Iraq want World Cup play-off delay amid Middle East conflict

IN FULL

Barchart

Stocks Set to Open Lower as Oil Prices Surge Above $100 on Middle East Conflict

March S&P 500 E-Mini futures (ESH26) are down -1.08%, and March Nasdaq 100 E-Mini futures (NQH26) are down -1.12% this morning, pointing to further losses on Wall Street as the escalating Middle East conflict triggered fresh turmoil in energy markets.

The Guardian - UK

G7 ready to take ‘necessary measures’ over economic impact of Iran war

Finance ministers monitoring situation but stop short of agreeing to release emergency oil reserves

Evening Standard

FTSE 100 Live 09 March: Markets slump as oil price tops $100, inflation fears mount

Global stock markets are deep in the red after the Brent Crude oil price this morning soared as high as $119 a barrel.

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