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The Latest Breaking News from Middle East

US stocks today: Nasdaq plunges 2% as tech earnings spark AI spending worries

Wall Street closed sharply lower with Nasdaq down over 2% as weak Big Tech earnings and rising AI spending concerns hit sentiment. Surging oil prices above $100, driven by Middle East tensions, reignited inflation fears and pushed bond yields higher, overshadowing gains in defense stocks like Lockheed Martin.

The Economic Times

FTSE 100 falls as Middle East war intensifies

Brent oil topped 100 dollars a barrel on Thursday for the first time since May.

The Independent UK

Trump says Saudi Arabia must recognise Israel for nuclear deal to go ahead as president defends ‘dangerous’ plan

Israeli politicians warned the deal could cause a ‘crazy arms race’ in the Middle East

The Independent UK

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Oil crosses $100: A 'perfect hurricane' can trigger bigger shock soon

Brent crude has surged past $100 as escalating Middle East tensions threaten two critical oil chokepoints — the Strait of Hormuz and Bab el-Mandeb — at the same time. While markets were already grappling with disruptions in Hormuz due to the US-Iran conflict, fresh Houthi attacks on Saudi oil tankers…

The Economic Times

Oil passes $100 a barrel again and shares slide as Middle East conflict escalates

Sharp rise in oil price reflects fears Houthi militias could strangle Saudi exports as US-Iran fighting intensifies

The Guardian - UK

US stocks today: US stocks fall as Big Tech earnings rekindle AI spending worries; oil hits $100

US stock markets faced a sharp downturn on Thursday, primarily driven by worries around Big Tech earnings. Following their quarterly financial disclosures, shares of Alphabet and Tesla fell sharply. Meanwhile, due to rising tensions in the Middle East, oil prices surged to $100 a barrel, reigniting worries about inflation and…

The Economic Times

The countries that have gained the most tourists since 2019, revealed

North Africa and the Middle East dominate the list

The Independent UK

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ECB holds rates at 2.25% as the reignited Iran war keeps a second hike in play

The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.

Euronews

Iran vows to continue strikes in spreading Mideast war

TEHRAN - Iran vowed on Thursday to keep striking the region so long as it remains under attack, as the Middle East war spread to new fronts with Tehran’s Houthi allies attacking Saudi shipping in the Red Sea.

Bangkok Post

Trump's Saudi Nuclear Deal Could Allow Uranium Enrichment, Raising Fears of a New Arms Race

Donald Trump's Saudi nuclear deal permits uranium enrichment, sparking fears of a Middle East arms race as key safeguards are absent.

International Business Times UK

Renewables, batteries shield Australia from oil crisis

Australia has been spared from the Middle East energy crisis because of its rapid build-out of renewables and battery storage, a global energy body says.

AAP

Dr Reddy’s shares crack 9% after weak Q1; these 3 brokerages slash their target prices

Dr Reddy’s shares plunged 9% on Thursday after the drugmaker reported a weak Q1 FY27 performance, with net profit tumbling 69% year-on-year to Rs 443 crore and revenue declining 6% to Rs 8,071 crore. Earnings were hit by a Rs 240 crore semaglutide API-related impact, including inventory provisions, while higher…

The Economic Times

Gold off two-week peak as oil advances, Fed meeting eyed

Gold prices softened on Thursday after reaching recent highs. Escalating Middle East tensions boosted oil prices and the dollar's safe-haven appeal. Traders now await the Federal Reserve meeting for interest rate clues. Rising oil prices also fueled inflation concerns and potential Fed rate hikes. Other precious metals like silver and…

The Economic Times

Middle East crisis is ‘getting out of control’, UN chief warns – as it happened

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The Guardian - AU

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International Business Times UK

Saudi Arabia Reportedly Won't Accept Nuclear Inspections Near Mecca, Driving Trump's Weaker Nuclear Deal

The US-Saudi nuclear deal, backed by Trump, faces scrutiny over weaker inspection safeguards, raising concerns about potential nuclear weapons development and its impact on Middle East security.

The Conversation

Ugandan women work in the Middle East even though they face abuse. They told us why

Labour migration from Uganda to the Middle East has surged since the early 2000s, with many young women travelling for employment as domestic workers. Most of these jobs are in Oman, Kuwait, the United Arab Emirates and Saudi Arabia.

The Guardian - UK

Oil price rises above $95 mark as Middle East conflict escalates

Global supply disrupted by US-Iran aggression in strait of Hormuz and Houthi threats in Bab el-Mandeb

The Economic Times

Why is a proposed US-Saudi nuclear pact causing alarm in Washington and the Middle East?

The Trump administration supports a nuclear pact with Saudi Arabia. This agreement allows uranium enrichment and spent fuel processing by Riyadh. Saudi Arabia seeks nuclear power to reduce carbon emissions and export more oil. The United States gains strategic and commercial benefits from this cooperation. Other nations like China and…

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The Economic Times

Rupee languishes at two-month lows as supply worries raise oil prices

The Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an effort to contain the rupee's decline, state-run banks stepped in to sell off dollars. Increased energy prices are forecasted to exacerbate inflationary pressures and expand India's deficit.…

AAP

Minister vows 'single power' won't set country's future

The foreign minister will use her first major speech since Middle East hostilities escalated to warn against Australia becoming beholden to other powers.

The Economic Times

Trouble is brewing at Middle East's two key chokepoints

Shipping disruptions are emerging in key Middle East oil transit routes. Concerns are rising as vessels alter voyages due to security risks. The Strait of Hormuz and Red Sea are experiencing reduced vessel traffic. Houthi rebels have threatened a full blockade on Saudi Arabian ports. Despite risks, Saudi oil exports…

The Guardian - AU

Iran warns of ‘eye for an eye’ response if US follows through on Trump’s threats to destroy infrastructure – as it happened

US president vows to destroy an Iranian bridge or power plant for each strait of Hormuz attack; Iran’s military says it will stop Gulf oil flow and target regional infrastructure if US acts on threats, state tv reports

The Economic Times

Why did market fall today? 7 triggers behind Rs 4 lakh crore wealth wipeout

Indian stock markets experienced significant declines on Wednesday. Escalating Iran-US tensions and tariff threats spooked investors, causing major indices to fall. Oil prices surged above $92 per barrel, impacting market sentiment negatively. The Indian rupee also weakened against the US dollar amid global uncertainties. Persistent foreign investor selling further weighed…

The Economic Times

Modi’s protectionism push creates stock winners in laggard India

A Bloomberg-compiled basket of 15 stocks linked to import substitution has rallied more than 20% since the start of the Middle East conflict, outperforming the benchmark NSE Nifty 50 Index, which has dropped about 2%. The rally stands out as the basket has become a haven for investors seeking shelter…

The Economic Times

Gold nears two-week high as Fed outlook, Middle East conflict stay in focus

Gold prices climbed to a two-week high amid technical buying and Middle East tensions. Investors await the Federal Reserve meeting for interest rate outlook clues. Oil prices rose over one percent due to shipping disruptions in the Red Sea. Iran's interior minister visited Pakistan seeking continued mediation efforts. Other precious…

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