The Latest Breaking News from Middle East

UN suspends Hormuz evacuation after attack in Gulf of Oman

The evacuation of ships through the Strait of Hormuz was suspended Thursday after an attack on a vessel in the Gulf of Oman that had crossed the waterway, said the UN maritime agency. Shortly after, Iran’s Persian Gulf Strait Authority said that vessels passing outside routes set by the authority…

France 24 · Jun 25

SCG warns industrial costs may stay high amid war

Siam Cement Group (SCG), Thailand's largest cement producer and industrial conglomerate, has raised concerns that prolonged war in the Middle East could drive up global energy costs and disrupt raw material supplies, posing significant challenges to its operations.

Bangkok Post · Jun 24

BoT upgrades GDP growth forecast

The Bank of Thailand has upgraded its GDP growth forecast for 2026 to 2.3% from 1.5%, attributed to strong exports, government stimulus and easing geopolitical tensions in the Middle East.

Bangkok Post · Jun 24

Energy to pressure inflation in H2

SCB Economic Intelligence Center (EIC), a research centre under Siam Commercial Bank, expects energy costs will continue to propel inflation in the second half of the year even as the Middle East war shows signs of de-escalation.

Bangkok Post · Jun 23

Bank rate-setter Taylor urges ‘extended hold’ for interest rates

However, he added that the Bank should look at possible cuts if the conflict in the Middle East calms and energy prices sink.

Evening Standard · Jun 23

US manufacturing soars on front-loading of orders; factory employment tanks to six-year low

US manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict impacts. However, factory employment plunged to a six-year low due to rising operational costs. Despite peace talks offering some confidence, inflation concerns persist, leading manufacturers to cut jobs. This trend…

The Economic Times · Jun 23

Iran says won't allow UN inspectors at bombed nuclear sites

Iran declared UN nuclear watchdog inspections at bombed sites are off-limits, despite a US-Iran deal to end the Middle East war. Talks in Switzerland concluded with a 60-day roadmap for broader issues, including Iran's nuclear program and sanctions relief. Meanwhile, direct talks between Lebanon and Israel are set to begin…

The Economic Times · Jun 23

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Technology stocks came under heavy selling pressure on Tuesday, putting the Nasdaq 100 on track to lose more than $1 trillion in market value. SpaceX slipped below a $2 trillion valuation for the first time since its IPO, while chipmakers and AI-linked megacaps extended losses amid valuation and rate concerns.

The Economic Times · Jun 23

UK business growth slides to 14-month low as service sector shrinks

It also came as firms continued to increase prices in reaction to cost pressures from the Middle East conflict and government policy.

Evening Standard · Jun 23

UK economy faces contraction as private sector activity hits 14-month low

It also came as firms continued to increase prices in reaction to cost pressures from the Middle East conflict and government policy

The Independent UK · Jun 23