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The Latest Breaking News from Mideast

Mideast war impact on travel bookings fading, TUI says

FRANKFURT (GERMANY) - German travel giant TUI said Wednesday that bookings were returning to normal levels despite the ongoing Mideast war, as it presented its latest financial results.

Bangkok Post

OPEC+ boosts September production by 188,000 barrels/day

LONDON - Saudi Arabia, Russia and five other key members of OPEC+ agreed in an online meeting Sunday to boost oil production by 188,000 barrels a day from September, against a backdrop of disruption caused by the Mideast war.

Bangkok Post

Mideast war supercharges electric car sales: IEA

Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday. "Despite a challenging backdrop for the global car market, sales of electric cars surged in the second quarter of this year as the energy crisis sparked…

The Economic Times

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The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route

Goldman Sachs estimated that enough Mideast pipeline capacity could be added to insulate 75% of the pre-war Gulf exports by the end of 2028.

Fortune

US and Iran escalate strikes across Mideast; bridges and a water plant hit

The United States and Iran intensified their conflict across the Middle East on Friday, launching fresh strikes on military and infrastructure targets as tensions over the Strait of Hormuz escalated. The U.S. targeted additional bridges, energy facilities and a key Iranian port, stepping up pressure on Tehran after President Donald…

The Economic Times

Tehran threatens to halt all Mideast energy exports after US reimposes its blockade on Iran

The United States reimposed a blockade on Iranian ports over ship attacks. Iran retaliated with strikes on nations hosting American forces. This escalation threatens to push the region back toward full-scale war. Talks over Iran's nuclear program have stalled amid intensified fighting. The conflict impacts global oil and natural gas…

The Economic Times

How top Syrian diplomat Asaad al-Shaibani’s road to Damascus is shaking the Mideast

Syrian Foreign Minister Asaad al-Shaibani’s diplomatic motorcade hit the road shortly after his appointment. From Riyadh to Beirut, Washington to Moscow, Shaibani has been at the forefront of President Ahmed al-Sharaa’s bid to open a new chapter in Mideast history. But the rebel official-turned-diplomat may find Damascus does not hold…

France 24

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US and Iran exchange intensifying fire across the Mideast, threatening the interim deal to end war

United States forces launched new airstrikes against Iran early Thursday. Tehran responded by targeting U.S.-allied Mideast countries in an exchange of fire. Sirens sounded in Bahrain, Kuwait, Qatar, and Jordan amid the escalating conflict. U.S. President Donald Trump warned of further escalation if shipping attacks continue. These events threaten an…

The Economic Times

In Mideast and around the world, everyone's talking 'ceasefire.' But what does it really mean?

Ceasefires in the Middle East are not bringing the peace many people expect

The Independent UK

Trump orders probe because gas prices not falling enough

Donald Trump said on Wednesday he ordered an investigation into major oil companies over high gasoline prices as the US leader faces criticism over the impact of the Mideast war. Trump has faced criticism for launching the war and its impact on the fuel costs paid be millions of Americans…

The Economic Times

Middle East live: 12.5 million oil barrels transited the Strait of Hormuz overnight, Vance says

Vice President JD Vance said Thursday that more than 12.5 million barrels of oil passed through the Strait of Hormuz overnight as the US lifted its blockade of Iran, the highest level since the war began in late February. The rise in traffic comes after the signing of a memorandum…

France 24

Mideast deal gives travel firm an 'earnings tailwind'

A government decision to raise travel advice for the Middle East could provide a tailwind for a major travel company, after it downgraded its 2025/26 earnings.

AAP

US stocks: S&P, Dow edge higher on Mideast deal hopes; SpaceX debut in focus

Major US stock indices opened higher on Friday, driven by optimism for a Middle East peace deal. Investors also anticipated the historic market debut of Elon Musk's SpaceX, expected to be Wall Street's largest public listing ever. The Dow and S&P 500 saw gains, while the Nasdaq experienced a slight…

The Economic Times

US and Iran launch airstrikes after Trump blamed Tehran for downing Army helicopter

Kuwaiti air defenses opened fire Wednesday as the small Mideast nation came under attack from Iran

AAP

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The Economic Times

Israel and Iran must immediately stop 'shooting', says Trump as Mideast boils again

U.S. President Donald Trump on Monday urged Israel and Iran to halt hostilities immediately after renewed exchanges of fire escalated tensions in the Middle East. Calling for de-escalation, Trump said both sides must stop “shooting” as regional instability deepened following the latest flare-up in violence.

The Economic Times

OPEC+ increases production quotas for July

OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. In that sense, the 188,000 barrels per day increase would be more of…

The Economic Times

Global Markets: European stocks rise as STMicroelectronics' forecasts lift tech stocks

European shares climbed Tuesday, led by technology stocks boosted by strong forecasts from STMicroelectronics amid AI demand. Investors await key inflation data for insights into the Mideast conflict's economic impact. A partial ceasefire in Lebanon and easing crude prices also supported market sentiment.

The Independent UK

War worsens Lebanon's economic crisis with job losses, price gouging and slow business

The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast

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The Economic Times

For foreign workers in Mideast, risk from Iran war collides with economic strain at home

A missile strike in the Mideast killed Mohammad Abdullah Al Mamun, a Bangladeshi migrant worker, highlighting the perilous situation for millions in the Gulf. These workers, vital to Gulf economies, face a stark choice between high wages and the risks of conflict, with many unable to return home due to…

The Independent UK

For foreign workers in the Mideast, risk from the Iran war collides with economic strain at home

For millions of foreign workers in the Mideast, the Iran war has made life even more precarious

Radio France Internationale

US to withdraw about 5,000 troops from Germany

US Defense Secretary Pete Hegseth has ordered the withdrawal of about 5,000 troops from Germany within the next year, the Pentagon said on Friday, in the latest rift in transatlantic ties over the Mideast war.

Fortune

Trump calms markets to fight longer and always uses the military assets he deploys as more combat power heads to Iran, Mideast expert says

“So if we see a lot of back and forth in terms of what the administration is signaling, it’s part of that strategy of actually trying to manage the markets.”

MarketBeat

Smelting Hot: The Mideast Conflict Sparks an Aluminum Squeeze

Geopolitical events are tightening the global aluminum supply, creating a favorable market environment for North American producers Alcoa and Century Aluminum.

The Independent UK

Trump threatens to destroy Iran’s desalination plants. Here’s what that could mean

Israeli airstrikes on March 7 on oil depots surrounding Tehran produced heavy smoke and acid rain

Radio France Internationale

Yemen's Houthis launch first missile attack on Israel during Mideast war

Yemen's Iran-backed Houthi rebels on Saturday claimed their first strike on Israel since the start of the Middle East war a month ago, after the Israeli military said it was intercepting an attack.

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