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The Latest Breaking News from Middle East

Vedanta, NALCO, Hindustan Zinc shares fall up to 3% as silver, aluminium, other metal prices tumble. Here's why

Metal stocks including Vedanta, NALCO and Hindustan Zinc fell up to 3% as global metal prices declined sharply. A stronger US dollar, easing Middle East tensions and rising expectations of a Fed rate hike pressured commodities like silver, aluminium, copper and zinc, triggering a broad-based pullback in the metal pack.

The Economic Times

Iran-US war latest: Tehran strikes ship in Strait of Hormuz as countries try to reopen oil route

The recent strike poses a threat to efforts to reopen the Strait

The Independent UK

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

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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

US in a 'panic' at prospect of Gulf states going it alone, analyst says

US Secretary of State Marco Rubio has promised the United States' Gulf allies that Washington would protect their interests as it seeks to hammer out a final settlement of the Middle East war in talks with Iran. Speaking with FRANCE 24's Sharon Gaffney, independent journalist and author of the newsletter…

France 24

Iran’s Qalibaf calls US-Iran agreement ‘America’s declaration of defeat’

Iran's parliamentary speaker, Mohammad Baqer Qalibaf, recently described a new understanding as proof of America's failure, attributing this victory to the steadfastness of Iran rather than external pressures. In his remarks made in Baku, he insisted that the nations of the region should control the future of Middle Eastern security,…

The Times of India

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

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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

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

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

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

Monday ship traffic through Strait of Hormuz highest since start of war: monitor

A record 36 commodity carriers navigated the Strait of Hormuz on Monday, a significant uptick following a US-Iran memorandum to end the Middle East war. This surge, nearing a third of normal peacetime traffic, follows Iran's earlier closure of the vital waterway. Despite a recent reopening, Iran's assertion of administering…

The Economic Times

Iran won’t allow UN inspectors at bombed nuclear sites

TEHRAN - Iran said on Tuesday that the United Nations’ nuclear watchdog will not be able to inspect key nuclear sites bombed by the US and Israel last year, as the first round of talks to end the Middle East war wrapped up in Switzerland.

Bangkok Post

Grocery price inflation eases concerns about impact of Middle East crisis

Supermarket prices were 3% higher than a year ago in June, down from May’s 3.1% and April’s 3.8%, figures from Worldpanel by Numerator show.

Evening Standard

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The Economic Times

Dollar hits one-year high on Fed hike bets; yen nears 40-year low

The US dollar surged to a year-high on Tuesday, driven by expectations of a more aggressive Federal Reserve and ongoing Middle East uncertainty. Traders are anticipating rate hikes, with major banks revising their forecasts. Meanwhile, the Japanese yen teetered near a four-decade low, prompting speculation about potential intervention by Japanese…

The Guardian - AU

‘Compound shock effect’: why the Middle East crisis and El Niño could spell disaster in south-east Asia

Millions of tonnes of the world’s food could be lost amid the uncertainties surrounding the strait of Hormuz and the dangers of a ‘Godzilla-strength’ El Niño

Bangkok Post

Fertiliser prices set to fall as Mideast shipments resume

The price of fertilisers is trending downwards, with shipments from the Middle East currently en route to Thailand, says the Commerce Minister.

Fortune

Veteran Middle East CEO says business in the region isn't retreating—it’s resetting

Also: All the news and watercooler chat from Fortune.

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The Guardian - AU

US-Iran talks laid ‘very good foundation for a successful final deal’, says Vance – as happened

The vice president said the move represented a ‘major milestone’ in ending Iran’s nuclear programme

France 24

US and Tehran disagree over whether Iran will allow nuclear inspections

US Vice President JD Vance said Monday that Iran had agreed to allow International Atomic Energy Agency inspectors back into the country. Iran’s foreign minister later refuted the claim, saying Tehran had not negotiated the nuclear issue or made any commitments during first-round US-Iran talks towards ending the Middle East…

The Economic Times

Sensex rises 291 points, Nifty closes above 24,100; Tech Mahindra, Sun Pharma among top gainers

Indian stock markets saw a positive start on Monday, with Sensex and Nifty inching up after Friday's dip. Tech Mahindra led the gains, while Asian Paints bucked the trend. Investors are closely watching Middle East tensions and US-Iran talks, which are facing challenges. Analysts remain cautiously optimistic about the market's…

The Economic Times

Iran-US talks: Key takeaways from first round in Switzerland

Recent discussions between Iran and the US in Switzerland mark a promising step towards resolving the Middle East conflict, facilitated by Pakistan and Qatar. The two countries have established a timeline to reach a conclusive agreement within 60 days, which encompasses creating a de-confliction cell for Lebanon and a communication…

The Economic Times

Global Market Today: Asian stocks slip, oil up on peace doubts

Global markets saw a dip as Middle East tensions escalated, pushing oil prices and bond yields higher, signaling increased U.S. interest rate risk. Political uncertainty in the UK also weighed on sterling. Investors are now keenly watching upcoming U.S. inflation data and central bank commentary for further clues on monetary…

The Economic Times

Iran warns US to 'be careful' after Trump threat

Iran has cautioned the US to "be careful" following President Trump's threats to strike over Hezbollah support, even as both nations engage in crucial talks in Switzerland to end the Middle East war. Despite hopes for a new era, disagreements persist, with Iran vowing retaliation and Israel reinforcing its presence…

International Business Times

Despite Trump Threats, US-Iran Talks Veer To A 'Constructive Atmosphere'

US Vice President J D Vance, who kickstarted direct talks with Iranian negotiators, had hinted at progress to end the Middle East conflict. President Donald Trump posted a threatening message aimed at Iran, sparking concerns that the talks could get derailed.

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Mohammad Baqer Qalibaf

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