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The Latest Breaking News from Middle East

Crude Rises as Middle Eastern Geopolitical Risks Outweigh Venezuelan Oil Exports

November WTI crude oil (CLX23 ) on Thursday closed up +1.05 (+1.19%), and Nov RBOB gasoline (RBX23 ) closed up +0.82 (+0.35%). Nov WTI crude oil and gasoline prices on Thursday settled moderately higher, with gasoline posting a 2-week high. A weaker dollar Thursday was supportive of energy prices. Crude...

Barchart

Sunak pleads for Middle East stability as Israel wages ‘long war’ with Hamas

Rishi Sunak said he wanted Israel to win its war with the Gaza-based group but called for regional powers to avoid the conflict spilling over.

The Independent UK

Sunak arrives in Saudi Arabia after Israel tells UK to brace for ‘long war’

He is set to meet with Saudi leader, Crown Prince Mohammed bin Salman, during the second stop on his Middle East tour.

The Independent UK

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Crude Slightly Higher on Geopolitical Risks in the Middle East

November WTI crude oil (CLX23 ) this morning is up +0.08 (+0.09%), and Nov RBOB gasoline (RBX23 ) is up +0.55 (+0.23%). Nov WTI crude oil and gasoline prices this morning are slightly higher, with gasoline posting a 2-week high. A weaker dollar today is supportive of energy prices. Crude...

Barchart

Lots of U.S. presidents have pushed for Middle East peace. Progress has been elusive

President Biden is the latest in a long line of presidents to place himself in the middle of a Middle East conflict. U.S. efforts have seen failed starts, wrong turns and dead ends, but some progress.

WEKU

U.S. Stocks Slip On Uncertainty Over Rates And Inflation

Mixed earnings, Middle East tensions, and House Speaker election stalemate add to market challenges.

Zenger

PM arrives in Israel to ‘express solidarity’ over October 7 Hamas attacks

In a meeting with President Isaac Herzog, Rishi Sunak said he has ‘not just a right’ but a ‘duty’ to restore security to the country.

The Independent UK

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UK’s FTSE 250 index hits one-year low; crypto firms Gemini, Genesis and DCG sued – business live

Three crypto groups are being sued by New York for allegedly defrauding investors of $1.1bn, while financial markets remain on edge

The Guardian - UK

‘We back your right to go after Hamas – we want you to win’ Sunak tells Israel

‘We want you to win’: PM tells Israeli leaders they have ‘right and duty’ to respond with military action

The Independent UK

Sunak starts two-day Middle East trip in Israel as he calls for calm

The Prime Minister will urge leaders in the region to ‘avoid further dangerous escalation’ of the Israeli-Hamas war.

The Independent UK

Crude Gains as Middle East Tensions Ratchet Higher

November WTI crude oil (CLX23 ) on Wednesday closed up +1.66 (+1.92%), and Nov RBOB gasoline (RBX23 ) closed up +6.90 (+3.02%). Nov WTI crude oil and gasoline prices on Wednesday rallied to 2-week highs and settled moderately higher. Crude oil prices were underpinned by concern about an escalation of...

Barchart

Joe Biden’s peace mission to Israel exposed the limits of US global influence

The stakes couldn’t be higher. A wider war in the Middle East could embolden Russia in Ukraine and encourage China over Taiwan, says Guardian columnist Martin Kettle

The Guardian - UK

Crude Climbs as Middle East Tensions Simmer

November WTI crude oil (CLX23) this morning is up +1.27 (+1.47%), and Nov RBOB gasoline (RBX23) is up +4.61 (+2.02%). Nov WTI crude oil and gasoline prices this morning rallied to 2-week highs and are moderately higher. Concerns about an escalation of the Israeli-Hamas conflict that could disrupt Middle East...

Barchart

Oil jumps as Iran steps up rhetoric with call for Israel embargo

Oil leaped higher after Iran called for an embargo against Israel by Muslim countries, following a deadly explosion at a Gaza hospital that raised the risk of wider hostilities in the Middle East.

The Times of India

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InsideEVs

Tesla Model Y’s Most Expensive Paint Option Is Now Cheaper Than Ever

In the latest price update that nobody bothered to officially announce, Tesla made its most expensive paint option – Midnight Cherry Red – a bit more affordable for customers in Europe and the Middle East.

Barchart

S&P Futures Plunge as Middle East Fears Weigh on Sentiment, Tesla and Netflix Earnings on Tap

December S&P 500 futures (ESZ23) are trending down -0.45% this morning as uncertainties lingered in the Middle East, and investors weighed the possibility of further rate hikes by the Federal Reserve while eagerly awaiting earnings results from U.S. heavyweights Tesla and Netflix.

The Conversation

Politics with Michelle Grattan: Kim Beazley on Albanese's US trip, Biden in the Middle East, and the Voice's defeat

The prime minister heads to Washington next week for a state visit. Talks between Anthony Albanese and President Joe Biden will canvass progress on implementing the AUKUS agreement, Ukraine, China and the situation in the Asia-Pacific region, and of course the Middle East crisis. Biden will have just returned from…

The Guardian - AU

Afternoon Update: global outrage at Gaza hospital blast; huge Mt Isa mines to close; and Kathryn Campbell’s big pay package

Protests erupt across Middle East after hospital blast kills between 300 and 500 people

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The Guardian - AU

Egypt’s president agrees to open the Rafah crossing – as it happened

This blog is now closed.

Newsroom.co.nz

Israel v Hamas: The war without end

Why do experts have very little hope for a peaceful solution in the Middle East?

The Guardian - UK

The danger of leaving things be: how the world ‘failed miserably’ in the Middle East

Amid Israel’s turn to the right and the resurgence of armed groups in the Palestinian territories, recent horrific events highlight the dangers of diplomatic inaction

AAP

More evacuated Australians arrive home from Middle East

More than 200 Australians evacuated from Israel have arrived home, as the government looks to secure safe passage for those stuck in Gaza.

The Independent UK

Von der Leyen does ‘not speak for Ireland’ on Israel-Hamas conflict

The Irish president joined criticism of the EU Commission leader’s comments on the Middle East conflict.

StockNews.com

Gain Ground With 3 Energy Stocks With Potential Gains

Rising demand and supply shortages due to mounting geopolitical tensions are increasing oil prices. To capitalize on this, it could be wise to invest in quality energy stocks USA Compression Partners (USAC), Global Partners (GLP), and Cheniere Energy (CQP). Read on….

StockNews.com

3 A-Rated Energy Stocks to Keep an Eye On

Rising geopolitical tensions in the Middle East are propelling the surge in oil prices. Thus, it could be wise to consider investing in strong energy stocks Santos Limited (SSLZY), Koninklijke Vopak (VOPKY), and CrossAmerica Partners (CAPL) to leverage the current growth potential. Read more….

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