The Latest Breaking News from Middle East

Crude Oil Prices Gain on Middle East Peace Doubts

July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher today, posting a 1.5-week high as clashes between the US and Iran cast doubt on prospects for a peace deal that would...

Barchart · Jun 3

Wall St ends lower as Mideast tensions escalate

US stocks closed lower, dragged down by pessimism over prospects of a peace deal with Iran.

AAP · Jun 3

Up to 1.3 million EU jobs at risk due to war in the Middle East

The European Commission has raised the alarm over the economic impact of the conflict, warning that energy-intensive industries face the greatest risk of job losses.

Euronews · Jun 3

OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact.…

The Economic Times · Jun 3

Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?

The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot

The Guardian - AU · Jun 3

Rupee could fall to 98/USD by July amid energy crisis, BofA Securities exec says

The Indian rupee faces a potential record low of 98 against the dollar by July due to the Middle East energy shock, impacting domestic assets. Despite authorities' protective measures and calls for a rate hike, BofA Securities anticipates gradual increases later in the year. Foreign investors have significantly withdrawn funds,…

The Economic Times · Jun 3

Silver down Rs 700/kg, gold opens flat as Mideast tensions, rising oil prices dent sentiment. What should you do?

Gold and silver prices opened lower on the MCX on Wednesday as escalating Middle East tensions pushed crude oil prices higher, raising concerns that persistent inflation could delay interest rate cuts. In the previous session, both precious metals had ended with modest gains, with silver rising 0.13%.

The Economic Times · Jun 3

VietJet commits to new aircraft despite turbulence

Despite the ongoing Middle East war and unfavourable market conditions, VietJet Thailand remains committed to replacing its fleet with 50 new Boeing 737-8 planes over three years, while accelerating plans to phase out its existing Airbus jets to streamline costs.

Bangkok Post · Jun 2

The Guardian view on Trump and Lebanon: civilians need lasting peace, not short-term patches

Editorial: The US president seeks to curb Israel’s intensified offensive as he looks for an exit from war with Iran, but turmoil in the Middle East will not easily be ended

The Guardian - UK · Jun 2

Miners lift FTSE 100 while oil price heads lower

Events in the Middle East continue to dictate the mood in the markets.

Evening Standard · Jun 2