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The Latest Breaking News from Middle East

Turkey under fire after declaring Hamas a 'liberation' group

Turkish President Recep Tayyip Erdogan is on a collision course with its Western and Middle Eastern allies after vigorously defending Hamas, declaring it to be a "liberation movement" rather than a terrorist organisation. The statement also appears to have ended more than a year of rapprochement efforts with Israel.

Radio France Internationale

Will the Israel-Hamas war upend China’s Middle East ambitions?

The war threatens to thwart Beijing’s hopes of emerging as a key mediator and alternative to the US in the region.

Al Jazeera

Dollar Undercut by Lower T-note Yield While Gold Sees Support from Middle East Tensions

The dollar index (DXY00 ) Friday fell slightly by -0.04%. Meanwhile, EUR/USD (^EURUSD ) rose by +0.04%, and USD/JPY (^USDJPY ) fell by -0.55%. The dollar fell Friday due to the small -0.8 bp decline in the 10-year T-note yield, which undercut the dollar’s interest rate differentials. The dollar also...

Barchart

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Crude Oil Prices Rally on U.S. Air Strikes and Stepped-Up Israeli Ground Activity

December WTI crude oil (CLZ23 ) Friday closed +2.33 (+2.80%), and Dec RBOB gasoline (RBZ23 ) closed +5.81 (+2.60%). Crude oil prices Friday rallied on Middle East tensions after the U.S. overnight carried out aircraft strikes on two Iranian-backed facilities in Syria. The U.S. strikes were in response to attacks...

Barchart

Crude Oil Prices Rally on Weaker Dollar and U.S. Air Strikes

December WTI crude oil (CLZ23 ) today are up +0.72 (+0.87%), and Dec RBOB gasoline (RBZ23 ) is up +0.0259 (+1.16%). Crude oil prices are higher today on a mildly lower dollar and Middle East tensions after the U.S. overnight carried out aircraft strikes on two Iranian-backed facilities in Syria....

Barchart

EU strives to keep focus on Ukraine amid Middle East turmoil

EU leaders meeting in Brussels Friday discussed bolstering support for Ukraine, as they strived to focus on helping that country against Russia's invasion even as Middle East turmoil steals global attention.

Radio France Internationale

UK ministers continue to resist calls for ceasefire in Middle East

Minister Gillian Keegan said the Government would not want to ‘cross that line of telling Israel it has anything but the right to defend itself’.

The Independent UK

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US strikes Syria amid growing fears that Israel-Hamas war will spread

Two US fighter jets have struck weapons and ammunition facilities in Syria in retaliation for attacks on US forces by Iranian-backed militia as concerns are growing that the Israel-Hamas conflict may spread in the Middle East.

Radio France Internationale

Security fears over impact of possible Gaza invasion

There are concerns within the government that a possible ground invasion of Gaza could heighten tensions in Australia.

AAP

EU leaders reach agreement on Middle East – as it happened

This blog has now closed. You can read our full report on the EU summit here

The Guardian - UK

Israel-Hamas war: Is a wider, regional conflict on the horizon?

Even before the unprecedented Hamas attack on Israel, fears of another major conflict between Israelis and Palestinians had been brewing for years. The deadly October 7 assault on southern Israel made those fears a reality. Many are now concerned an Israeli ground invasion of Gaza could turn the war into…

France 24

Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The Conversation

The US has deployed troops in the Middle East. Can it avoid a ‘commitment trap’?

With the stability of the region at risk, and Joe Biden pledging support to Israel multiple times, preventing a mission creep or a full-blown intervention may not be easy

The Guardian - US

From Conflict to Profit: Which Industry Will Benefit the Most From the Israel-Hamas War?

Rising interest rates, geopolitical turmoil, a hawkish Fed, and the highest uncertainty in years have investors scrambling for safety. Wars in Ukraine and the Middle East and a bifurcation of the world’s nuclear powers suggest that worldwide defense spending will rise, making the sector a haven for investors looking for…

Barchart

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The Conversation

Israel-Hamas war: six key moments for the Gaza Strip

Once again, the Gaza Strip is at the epicentre of violence in the Middle East. This tiny 41km-by-13km band of territory on the Mediterranean, sandwiched between the often hostile neighbours of Israel and Egypt, has faced repeated rounds of violence in recent history – but the current war is the…

Roll Call

Senate Foreign Relations approves Lew to be Israel envoy - Roll Call

Senate Foreign Relations Committee backs Jacob J. Lew to be ambassador to Israel at a crucial time for Middle East policy.

The Guardian - UK

Despite their rhetoric, neither Iran nor Hezbollah want an escalation of war in the Middle East. Here’s why

A Lebanese front is unlikely: it wouldn’t be in Iran’s interests, as it would probably spark US intervention, says Lina Khatib, director of the Soas Middle East Institute

The Guardian - AU

Australia sends aircraft and troops to Middle East in case ‘this gets worse’

Contingency force on standby if Australians in region need to be flown to safety, Richard Marles says

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France 24

Macron in the Middle East: Where does France stand on Israel-Hamas war?

The Middle East fell off their radar. Now comes a steady stream of leaders who have donned their penitent's garb and flown in to show support and push for peace. The latest is Emmanuel Macron. The French president is travelling to both Israel and the West Bank as the war…

France 24

Hezbollah would 'prefer not to go into large-scale war' with Israel, expert says

Hezbollah could be forced into a war with Israel, but for now it’s trying to avoid any major conflict. That's the view of Ziad Majed, a professor of Middle East studies at the American University in Paris. Majed, who was born in Beirut and lived for years in Lebanon, says…

The Guardian - AU

Interview with senior Hamas leader ‘editorially justified’, ABC boss tells Senate grilling

David Anderson defends 7.30 interview, saying it was to ‘challenge them’, and confirms Middle East correspondent Tom Joyner under investigation

Barchart

Crude Prices Sharply Lower on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23 ) on Monday closed down -2.59 (-2.94%), and Dec RBOB gasoline (RBZ23 ) closed down -4.22 (-1.79%). Nov WTI crude oil and gasoline prices on Monday closed sharply lower as geopolitical risks in the Middle East eased. Diplomatic efforts to release hostages taken by Hamas...

Barchart

Crude Prices Retreat on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23) this morning is down -1.48 (-1.68%), and Dec RBOB gasoline (RBZ23) closed down -2.46 (-1.05%). Nov WTI crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure today on an easing of Middle East geopolitical risks as diplomatic efforts to...

Radio France Internationale

Western leaders hold video conference amid fears Israel-Hamas conflict will engulf Middle East

Leaders of France, Canada, Germany, Italy, Britain and the United States have underscored their support for Israel and its right to defend itself during a video conference, but also urged it to adhere to international humanitarian law and protect civilians.

Evening Standard

Energy price fears ease on Middle East diplomacy hopes

GOLD and oil prices dipped today as investors eyed strong looking US economic data after a weekend that offered some relief about the state of the disaster in Gaza.

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