The Latest Breaking News from Middle East

Social Security COLA 2027 Prediction Hits Highest Forecast Since 2022 — What It Means for Retirees

The Social Security Administration may issue a 4.2% COLA for 2027 due to rising inflation, driven by the Middle East conflict, which would be the highest increase in four years.

International Business Times UK · May 13

Donald Trump to meet Xi Jinping in China for high-stakes three-day visit

President Trump embarks on a crucial three-day visit to China, set to engage in high-stakes talks with President Xi Jinping. Discussions will span critical global issues including the Middle East conflict, Taiwan, AI, and nuclear weapons. Business leaders are accompanying Trump, signaling a focus on trade and potential new deals,…

The Times of India · May 13

Hapag-Lloyd Aktiengesellschaft Q1 Earnings Call Highlights

Hapag-Lloyd Aktiengesellschaft (ETR:HLAG) reported a weaker first quarter of 2026, with management describing the start to the year as “unsatisfactory” as severe weather, weak Atlantic trade and higher costs tied to Middle East tensions weighed on results. Chief Executive Officer Rolf Habben Jansen

MarketBeat · May 13

Tui says summer bookings down as Iran war and Jamaica hurricanes hurt profits

Europe’s largest travel operator is one of several firms to be impacted by the conflict in the Middle East, which began at the end of February.

Evening Standard · May 13

Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra

India faces potential retail fuel price hikes if the Middle East conflict persists. RBI Governor Sanjay Malhotra indicated this possibility due to rising energy import costs and inflation risks. The government has already reduced duties and state refiners are absorbing losses. Prime Minister Modi urged citizens to conserve fuel. Oil…

The Economic Times · May 13

Vistry cautions over steep fall in half-year profits

The housebuilder is also seeing materials and labour costs rise as the Middle East conflict takes its toll on the sector.

Evening Standard · May 13

Why gold’s Rs 10,000 spike after import duty increase is a one-off move

Gold and silver prices staged a sharp comeback on Wednesday, with MCX futures for both metals surging nearly 6% in a single session after the government raised customs duty on precious metal imports. Gold prices jumped about Rs 9,600, while silver soared nearly Rs 17,000, marking one of the biggest…

The Economic Times · May 13

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall

Global markets felt the heat as a surprising U.S. inflation surge boosted Treasury yields, weakening the euro and sterling. Rising oil prices, fueled by Middle East tensions, further dampened investor sentiment. The U.S. dollar index held firm, reflecting a cautious risk appetite as equity markets lacked upward momentum. Meanwhile, the…

The Economic Times · May 13

Gold steady with US-China summit, MidEast developments in focus

Gold prices remained stable in early Asian trade. Investors are awaiting a key U.S.-China summit in Beijing. Developments in the Middle East conflict are also being closely watched. U.S. President Donald Trump commented on the Iran war. Oil prices saw a dip. U.S. consumer inflation increased. India has raised import…

The Economic Times · May 13

India books phosphate fertilizer at 40% above pre-war prices

India has contracted diammonium phosphate (DAP) fertilizer at prices nearly 40% higher than pre-war levels as the Middle East conflict disrupts supplies and lifts global prices. Indian Potash Ltd. agreed to buy about 1.35 million tons of DAP for delivery on the west and east coasts at around $930-$935 per…

The Economic Times · May 13