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The Latest Breaking News from Middle East

Housing construction costs are already rising, increasing risks of builders going bust

For Australia’s building industry, higher fuel costs since the start of the Middle East war have been just the start of the pain.

The Conversation

Cotton Bulls Pushing Higher on Wednesday

Cotton futures are pushing off the early weakness on Wednesday with gains of 60 to 75 points at midday. The US dollar index is $0.614 lower at $99.140. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested Iran...

Barchart

Corn Off Early Lows But Still Weaker at Midday

Corn futures are down 2 to 4 ½ cents in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 1 cent at $4.13 1/4. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested...

Barchart

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FTSE 100 soars as Middle East peace hopes grow

The US and Iran have both made some positive noises, prompting markets to rise.

Evening Standard

No clear case for longer Iran war with goals won: PM

Australia will join a snap meeting to end disruption to shipping in a critical oil corridor as the prime minister questions the value of a prolonged Iran war.

AAP

Crude Oil Prices Tumble on Hopes for an End to the War in the Middle East

May WTI crude oil (CLK26 ) today is down -1.62 (-1.60%), and May RBOB gasoline (RBK26 ) is down -0.0787 (-2.46%). Crude oil and gasoline prices are sharply lower today amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower after weekly...

Barchart

France and Japan deepen ties, urging calm as Middle East tensions escalate

French President Emmanuel Macron and Japanese Prime Minister Sanae Takaichi have called for de-escalation in the Middle East and the protection of key energy routes, as tensions continue to ripple across the region.

Radio France Internationale

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Germany's first Omani LNG shipments arrive despite Middle East disruptions

Germany's first Omani LNG deliveries are arriving on schedule — but analysis of the country's supply chain suggests Berlin's exposure to the Middle East crisis runs deeper than officials admit.

Euronews

S&P Futures Climb on Hopes of Middle East Conflict Resolution, U.S. ADP Jobs Report and Retail Sales Data on Tap

June S&P 500 E-Mini futures (ESM26) are trending up +0.51% this morning as oil prices fall and risk appetite improves on hopes for an imminent end to the conflict in the Middle East.

Barchart

'Not our war': UK PM to host multi-nation meeting on Hormuz crisis; backs Nato after Trump's 'paper tiger' jibe

Prime Minister Keir Starmer affirmed Britain will not join the Middle East conflict, deeming it "not our war" and not in the UK's national interest. He announced a meeting of 35 countries to discuss reopening the Strait of Hormuz and ensuring maritime security, aiming to mitigate economic fallout and rising…

The Times of India

Reeves: Government ‘can’t alleviate every price increase’ from Iran war

Chancellor Rachel Reeves said contingency planning was under way to deal with the economic fallout from the Middle East crisis.

Evening Standard

Oil tumbles and UK’s FTSE 100 posts biggest daily rise in a year on hopes Middle East war will end soon – as it happened

Brent crude prices have fallen sharply, while the FTSE 100 is up 1.8% and government bonds are rallying

The Guardian - UK

Iraq secure final 2026 World Cup spot

Iraq became the final nation to book their spot at the 2026 World Cup by beating Bolivia 2-1 in Mexico on Tuesday night. It was Iraq who took the lead in the 10th minute through Ali Al-Hamadi, but Bolivia equalised seven minutes before half time thanks to Moises Paniagua. Iraq…

The Independent UK

Top Iranian official injured in strike on Tehran – as it happened

This liveblog is closed

The Guardian - AU

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The Independent UK

Iran-US war latest: Oil prices spike after Trump vows to keep hitting Iran ‘extremely hard’ in address to nation

The president said US forces would 'finish the job' in Iran and that 'core strategic objectives are nearing completion’

AAP

Shares surge on hopes of US Iran exit but risks remain

Hopes of de-escalation in the Middle East war have reinvigorated investor sentiment and boosted markets, but details from the US administration have been scant.

The Conversation

Albanese to address the nation on the Middle East war and fuel crisis

Prime Minister Anthony Albanese will address the nation at 7pm Wednesday night on the Middle East war, the fuel crisis and the government’s response to it, and what Australians can do in response.

The Guardian - AU

Anthony Albanese to address nation on Wednesday night as treasurer announces Covid-era support measures

Prime minister to deliver address live at 7pm AEDT as Jim Chalmers says Iran war having ‘extreme impact on global economy’

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AAP

Fuel support considered for diesel-dependent Pacific

Foreign Minister Penny Wong says Australia is looking at measures to help Pacific nations deal with the fuel supply crisis sparked by the Middle East war.

The Independent UK

Bulletin world briefing: Iran ‘recruiting children for defence’ and Israel’s new death penalty law

Here are five of the biggest stories from around the world today

The Independent UK

Bulletin PM briefing: More UK troops heading to Middle East and Scott Mills latest

Here are five of today’s biggest stories

The Independent UK

Extra UK troops heading to Middle East to help defend against Iranian attacks

IN FULL

The Conversation

After the Iran war: 5 possible outcomes and 4 ways Canada can flex its middle-power muscle

The bombing in Iran and the broader Middle East will eventually cease. United States President Donald Trump keeps hinting about a possible end to hostilities and the U.S. has sent a 15-point peace proposal to Pakistan.

International Business Times UK

Fuel Crisis Deepens in Northern Ireland as Stations Run Dry and Prices Surge

UK petrol and diesel prices spike amid Middle East conflict, with fears of shortages and rising costs impacting consumers and businesses.

The Independent UK

Passengers face more cruise cancellations due to Middle East conflict

IN FULL

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