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The Latest Breaking News from the Middle East

Politics with Michelle Grattan: Jim Chalmers says ‘we’re in the cart’ for more tax relief

Treasurer Jim Chalmers has declared “no other budget in the 2000s has set out this much responsible budget repair and this much economic reform.”

The Conversation

Tech Leads Again as Nvidia Goes to China: Stock Market Today

The Magnificent 7 and other mega-cap stocks are making the Middle East seem like a geopolitical and macroeconomic backwater.

Kiplinger

Birkenstock Q2 Earnings Call Highlights

Birkenstock (NYSE:BIRK) reported fiscal second-quarter revenue growth within its target range on a constant-currency basis, while management said foreign exchange, tariffs, inflation and disruptions tied to conflict in the Middle East weighed on reported results and margins. The footwear company ge

MarketBeat

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Inside Vijay’s Secretive ₹624 Crore Luxury Empire

For years, fans have seen Vijay as one of Indian cinema’s most guarded superstars. Unlike many celebrities who constantly showcase their wealth on social media, the Tamil superstar has built an image around restraint, privacy, and controlled public appearances. Yet behind that carefully protected image lies one of the most…

Times Life

Bilfinger Q1 Earnings Call Highlights

Bilfinger (ETR:GBF) confirmed its 2026 outlook after reporting a slower start to the year, with management pointing to severe winter weather and geopolitical uncertainty as factors that delayed customer decisions and pressured operations in the first quarter. Group CEO Thomas Schulz said orders rec

MarketBeat

Brenntag Q1 Earnings Call Highlights

Brenntag (ETR:BNR) said its first-quarter 2026 results reflected a slow start to the year followed by a sharp improvement in March as volatility tied to the crisis in the Middle East lifted pricing and prompted some customers to rebuild inventories. On the company’s earnings call, Chief Operating O

MarketBeat

L&T to set up extra-high voltage substations in Middle East

Larsen & Toubro's Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery…

The Economic Times

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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

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

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

Japanese snack giant resorts to black-and-white bags of potato chips as Iran War literally sucks color out of the world

Japan gets 70% of its total imports of naphtha, a petroleum-based material used in printing inks, from the Middle East.

Fortune

AECOM Q2 Earnings Call Highlights

AECOM (NYSE:ACM) raised its full-year profit outlook after reporting record second-quarter backlog and stronger margins, with management pointing to demand across transportation, water, energy, defense and high-tech infrastructure despite uncertainty in the Middle East. On the company’s second-quar

MarketBeat

Katie Price Forced to Explain Husband Lee Andrew's Absence on GMB Amid Rumours He's 'Detained in Dubai'

Katie Price has denied that her husband, Lee Andrew, is 'detained in Dubai' after he failed to join her on Good Morning Britain, insisting he simply missed his flight from the Middle East.

International Business Times UK

Can F1 save its races in Bahrain and Jeddah? Here’s how every option could play out

The forced postponement of races in Bahrain and Saudi Arabia leaves F1 with a complex scheduling puzzle, which also weighs heavily on the teams – here's what rearranging the events means for the series

Motorsport

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Autosport

Why Bahrain and Saudi Arabia may still host a grand prix in F1 2026

Kiplinger

April CPI Report: Higher Energy Prices Keep Inflation Hot

The ongoing conflict in the Middle East is having a major impact on inflation, with April's annual rise in headline CPI the fastest since 2023.

Evening Standard

Holiday bookings improving but Iran war still putting people off – travel agent

On The Beach said it was reintroducing its annual profit outlook but at a lower level than analysts had previously expected.

The Independent UK

Four races in a row? Key details revealed as F1 eyes Bahrain or Saudi ‘reschedule’

Formula One executives are looking to reinstate a race in the Middle East, depending on how the conflict in the Gulf evolves. But a congested end-of-season schedule makes a reschedule difficult, as Kieran Jackson explains

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The Economic Times

Japan's Calbee potato chip bags turn black-and-white due to Iran war ink shortage

Japanese snack maker Calbee is temporarily switching 14 popular products to black-and-white packaging starting May 25 due to concerns over supply disruptions. This move aims to ensure stable shipments of raw materials like naphtha, which is largely imported from the Middle East and used in printing ink.

The Guardian - UK

Three-day ceasefire ends with fresh wave of Russian attacks on Ukraine – as it happened

At least one person killed as Moscow launches drone strikes on energy facilities and apartments

The Independent UK

Greggs issues warning despite new menu helping to boost sales

Greggs said it was monitoring the situation in the Middle East amid rising energy costs

MarketBeat

MSA Safety Incorporporated Q1 Earnings Call Highlights

MSA Safety Incorporporated (NYSE:MSA) reported a stronger first quarter of fiscal 2026, with management citing resilient demand in the Americas, improved margins and continued execution of its Accelerate strategy, while also noting pressure in Europe and the Middle East. On the company’s earnings c

MarketBeat

Marathon Petroleum Q1 Earnings Call Highlights

Marathon Petroleum (NYSE:MPC) reported stronger first-quarter 2026 results, with management pointing to improved refinery reliability, elevated refining margins and a favorable supply-demand backdrop shaped in part by geopolitical disruptions in the Middle East. On the company’s earnings call, CEO

The Economic Times

UK sanctions Iranian entities accused of deploying criminal proxies

Britain has imposed new sanctions targeting groups and individuals accused of facilitating hostile Iranian actions. These measures aim to disrupt illicit finance flows supporting Iran's destabilizing activities. The sanctions include asset freezes and travel bans for those threatening security in the UK and the Middle East.

The Economic Times

Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boil

The rupee has reached its lowest point ever against the US dollar. This decline is driven by investor concerns over escalating conflict in the Middle East. The situation has led to a surge in oil prices. This development poses economic challenges for India, which imports most of its energy needs.…

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