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The Latest Breaking News from Middle East

Crude Oil Jumps on Middle East Tensions and an Unexpected Draw in EIA Inventories

December WTI crude oil (CLZ24 ) today is up +1.72 (+2.56%), and December RBOB gasoline (RBZ24 ) is up +0.0468 (+2.44%). Dec crude oil prices today are moderately higher. Dollar weakness today is supportive of energy prices. Also, lingering Middle East tensions are supporting crude after Israel vowed to strike...

Barchart

Greece seeks tougher EU migration policies as it braces for impact of Mideast wars

Greece is seeking stricter European Union migration policies as it braces for a potential surge in migrants and refugees due to ongoing conflicts in the Middle East

The Independent UK

Israel's Ban On UNRWA Raises Concerns For Middle East

UNRWA chief warns of dire repercussions in the Middle East as Israel bans the agency, sparking international concern.

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Middle East crisis: UN security council warns against attempts to dismantle Unrwa – as it happened

UN body expressed grave concern over the legislation adopted by the Israeli parliament on Monday

The Guardian - US

Global Shares Mostly Up After U.S. Stocks Close Higher

Global shares rise as U.S. stocks lead the way, while oil prices fluctuate amid Middle East tensions and upcoming U.S. election.

Top News

Stocks Close Higher on Reduced Middle East Risks

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.12%. Stocks rallied Monday on reduced Middle East geopolitical risks after Israel over the...

Barchart

Dollar Little Changed on Cross Currents

The dollar index (DXY00 ) on Monday was little changed. The dollar was undercut by reduced safe-haven demand after Israel launched a limited retaliatory strike against Iran, reducing the chances for an all-out Middle East conflagration. However, the dollar saw underlying support from Monday’s +3.4 bp rise in the 10-year...

Barchart

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Oil prices fall as reality of weak global demand overtakes risk of wider war in Middle East

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared

The Independent UK

Dollar Sees Pressure from Reduced Middle East Risks

The dollar index (DXY00 ) today is down -0.03%. The dollar today is being undercut by reduced safe-haven demand after Israel launched a limited retaliatory strike against Iran, reducing the chances for an all-out Middle East conflagration. However, the dollar is seeing underlying support from today’s +1.6 bp rise in...

Barchart

Stocks Higher on Relief After Israel's Limited Retaliation Reduces Middle East Risks

The S&P 500 Index ($SPX ) (SPY ) is up +0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.39%. Stocks today are trading higher on reduced Middle East geopolitical risks after Israel over the...

Barchart

2024 Election: Middle East Wars, Early Voting, Trump's Rhetoric

Key developments in the 2024 presidential campaign, including Middle East impact, candidate strategies, and early voting trends.

Top News

Europe is not prepared for the looming Lebanese refugee crisis

Since it began at the end of September, Israel’s invasion of Lebanon has heaped more misery onto a Middle East already overwhelmed by humanitarian catastrophe. Within Lebanon, as of 23 October 2024, more than 1.2 million people have fled their homes, and tens of thousands are now trying to flee…

The Conversation

Analysis: Iran faces tough choices in deciding how to respond to Israeli strikes

How Iran chooses to respond to the unusually public Israeli airstrikes could determine whether the region spirals further toward all-out war or holds steady at an already devastating and destabilizing level of violence

The Independent UK

Middle East crisis live: two more Palestinian journalists reportedly killed in Gaza; deadly Tel Aviv crash investigated as terrorist attack

One killed and at least 29 injured after truck hits bus stop in Israel; protesters shout ‘shame on you’ as Israeli PM speaks at memorial ceremony for victims of Hamas attack

The Guardian - AU

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Middle East Conflict Escalation Averted, Biden And Harris Relieved

Tensions ease in the Middle East as President Biden and Vice President Harris navigate delicate diplomatic situation amidst ongoing regional challenges.

International Business Times

Israel Hits Iran Military Sites In Retaliatory Strikes

Israel bombed military targets in Iran on Saturday, killing at least two soldiers, fulfilling a vow to avenge a missile barrage and stirring fears of a full-scale Middle East war.

Radio France Internationale

Reactions to Israel's strikes against Iran

Israel struck military sites in Iran on Saturday, saying it was retaliating against Tehran's missile attack on Israel on 1 October, the latest exchange in the escalating conflict between the Middle East rivals. The risk of a wider conflagration between heavily armed Israel and Iran has convulsed a region already…

Barchart

Heightened Middle East Tensions Boost Crude Prices

December WTI crude oil (CLZ24 ) Friday closed up +1.59 (+2.27%), and December RBOB gasoline (RBZ24 ) closed up +0.0447 (+2.25%). Crude and gasoline prices settled moderately higher on Friday, with gasoline posting a 1-week high. Ramped-up Middle East tensions are boosting crude prices. Also, stronger-than-expected global economic news Friday...

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International Business Times

IMF Official Calls On International Community To Bring End To Lebanon Conflict

The international community should work to end the conflict in the Middle East and address the "huge" humanitarian crisis that has engulfed countries in the region, the head of the IMF's Middle East and Central Asia department said Thursday.

Barchart

Crude Prices Slide as Supply Concerns and Middle East Risks Ease

December WTI crude oil (CLZ24 ) Thursday closed down -0.58 (-0.82%), and December RBOB gasoline (RBZ24 ) closed down -0.0118 (-0.59%). Crude and gasoline prices Thursday gave up an early advance and settled moderately lower. Crude is under pressure on negative carryover from Wednesday when weekly EIA crude inventories rose...

Top News

Putin Stresses Russia's Neutral Stance In Middle East Conflict

Putin advocates for diplomacy and compromise in the Middle East, positioning Russia as a mediator for peace.

AAP

Mideast war not behind Aussie inflation: opposition

Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.

Barchart

Crude Weakens on Ample Supplies and Hopes for Cease-Fire in the Middle East

December WTI crude oil (CLZ24 ) today is down -0.61 (-0.86%), and December RBOB gasoline (RBZ24 ) is down -0.0175 (-0.87%). Crude and gasoline prices today gave up an early advance and turned lower. Crude is under pressure on negative carryover from Wednesday when weekly EIA crude inventories rose more...

Top News

Vice President Harris Sees Opportunity For Peace Talks In Middle East

Vice President Kamala Harris addresses the Middle East conflict, advocating for peace, relief for Palestinians, and security for both sides.

International Business Times

Michigan's Mideast Minority Tempted To Punish Harris In US Vote

Iman Beydoun El-sayed is among the thousands of Lebanese-Americans living in and around Detroit, watching with horror the unfolding devastation of the war in the Middle East.

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