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The Latest Breaking News from the Middle East

Houthi attack suspected at Saudi gas facility in Jubail; Aramco Jazan fire extinguished

Yemen’s Iran-aligned Houthi rebels were behind a reported attack on a gas facility in Saudi Arabia’s Jubail region, Israeli media reported on Sunday, amid heightened tensions in the Middle East. However, there was no immediate official confirmation from Saudi authorities linking the reported blast to the Houthis.

The Times of India

The world has changed. African countries must rethink how they grow their economies

The prolonged disruption of shipping through the Strait of Hormuz has exposed how vulnerable Africa’s economies are to geopolitical shocks. Fuel prices have remained elevated, squeezing economies that depend heavily on petroleum imports from the Middle East. These include Ethiopia, Kenya, Mozambique, South Africa, Tanzania and Uganda.

The Conversation

Reverberations from overseas conflicts drive extremism

Conflicts in the Middle East are fuelling an increase in extremist material being accessed in Australia and the need for more widespread deradicalisation.

AAP

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Are Heating Oil and Distillates Heading for Even Higher Highs?

Brent North Sea crude oil is the benchmark for Middle Eastern petroleum. Brent is most suited for refining into medium distillates, including heating oil, jet fuel, and diesel fuel. Heating oil futures are a proxy for the other medium distillates.

Barchart

Will Gasoline Experience Seasonal Weakness over the Coming Months?

Gasoline is a seasonal fuel, with demand rising during spring and summer and falling during fall and winter. Drivers put more miles on cars during summer, and adverse weather conditions tend to curtail driving during winter. In August 2026, the gasoline futures market is shifting toward a lower demand environment,…

Barchart

Robotics startup Solinas Integrity bags $5.5 million from Hero Enterprise, Mela Ventures

Founded by IIT Madras alumni Divanshu Kumar and Moinak Banerjee, Solinas develops robotics and artificial intelligence systems to inspect, clean, and digitise underground water and wastewater infrastructure. Its technology is currently deployed across more than 35 cities and 15 states in India; the company has also expanded to the Middle…

The Economic Times

Talks To Reopen The Strait Of Hormuz Appear To Be Making Progress. But Most Americans Expect Chaos To Expand In The Middle East.

Most Americans expect chaos in the Middle East to expand as a result of the war in Iran even as talks to reopen the Strait of Hormuz appear to be making progress, according to a new poll.

International Business Times

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Motor racing-Formula E will start new season in Mexico if Saudi opener cannot be held

Formula E is optimistic about kicking off its 2026-27 season in Saudi Arabia, with plans for Mexico City to host the inaugural race in January if circumstances require. Key logistical decisions regarding races in the Middle East are anticipated by mid-September. Furthermore, both Formula One and the World Rally Championship…

The Economic Times

As Iran war drags on, Americans are bracing for more chaos in Middle East, Reuters poll finds

According to recent surveys, many Americans fear that the ongoing U.S. war with Iran could destabilize the Middle Eastern region. Disruptions in oil supplies are expected to push gasoline prices upward. Public sentiment reflects frustration with how the conflict is being managed, with a shift towards Democrats for economic and…

The Economic Times

Global Market Today: Asian stocks drop as AI rally pauses, oil dips

Asian markets experienced a dip on Thursday as Wall Street's recent tech surge showed signs of slowing down. Crude oil prices also fell slightly after Iran and Oman reached a new agreement regarding the Strait of Hormuz. Meanwhile, Sandisk and Western Digital faced significant declines following disappointing earnings reports. As…

The Economic Times

Call for end to diesel export ban as refineries struggle

The Federation of Thai Industries (FTI) has called on the government to relax its ban on diesel exports, arguing that months of stringent curbs on refined oil shipments, imposed to cushion the fallout from war in the Middle East, are weighing heavily on the sector.

Bangkok Post

Michael Kors Parent Warns Middle East Conflict Is Taking a Toll on Luxury Sales

Capri Holdings Ltd. (NYSE:CPRI) stock fell Wednesday after the luxury fashion company lowered its fiscal 2027 revenue forecast, citing inventory shortages at Michael Kors, weaker demand in Europe, the Middle East and Africa (EMEA), and foreign exchange headwinds, even as it reported first-quarter results that topped Wall Street earnings expectations.

Benzinga

Over 50 nations, 3 continents: Has World War III already begun?

The world today is so well-connected and interlinked that the petrol in your car costs more because missiles are flying over the Persian Gulf, your online order is delayed because ships are avoiding the Red Sea, and soldiers who learnt to fight Russian drones in Ukraine are now training troops…

The Times of India

Yen finds footing after intervention, dollar near 6-week low on Mideast hopes

Currency markets took a breather as the Japanese yen gained traction, influenced by recent intervention measures. Meanwhile, the U.S. dollar index lingered near its six-week lows, buoyed by positive developments in the Middle East. Falling oil prices alleviated concerns about potential supply disruptions, leading traders to adjust risk premiums and…

The Economic Times

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Bangkok Post

Thai Honda holds prices amid cost pressures

Thai Honda, a motorcycle manufacturer and distributor, is determined to keep its motorcycle prices stable despite mounting production costs driven by prolonged tensions in the Middle East.

The Conversation

Provocation, ruin and empire: your guide to the 2026 Miles Franklin shortlist

Australian fiction has long been interested in the relationship between the local and the global – and the six books shortlisted for this year’s Miles Franklin Award are no exception. They range across time and place, from Tasmania to Malaysian Borneo and the Middle East. And they engage with histories…

Benzinga

Stock Market Today: S&P 500, Dow and Nasdaq Futures Gain as Scott Bessent Says Hormuz Deal Could Come Soon— Caterpiller, Palantir in Focus (UPDATED)

(Editor’s note: The headline, lede and ETFs, stocks and futures data have been updated.)

Autosport

FIA sets deadline for WRC Saudi Arabia decision

As the situation in the Middle East remains unpredictable, the WRC has set a deadline to decide the fate of its season finale in Saudi Arabia

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France 24

How Israel reduced Iran’s historic Rafi-Nia synagogue to rubble (1/2)

Before it was destroyed in an Israeli air strike on April 7, Tehran’s Rafi-Nia synagogue was emblematic of one of the Middle East's largest Jewish communities outside of Israel. According to one worshipper and an expert, both well acquainted with its vibrant community, the prominent synagogue was far more than…

The Independent UK

Japan to build combat drones amid growing fear of Chinese aggression

The East Asian nation has followed a pacifist pledge since WWII but is now building up its military capabilities

The Economic Times

Oil Price Today (August 4): Crude oil nears $85 as peace talks uncertainty loom after fresh attacks. What are experts saying?

Oil prices saw a slight increase on Tuesday after significant Monday losses. Supply risks in the Middle East resurfaced as diplomatic hopes faded. Shipping activity through the Strait of Hormuz has slowed following reported attacks. Experts predict higher crude prices if disruptions persist for extended periods. Analysts anticipate oil prices…

Barchart

Dollar Recovers on Strong ISM Manufacturing Index

The dollar index (DXY00 ) fell to a 7-week low on Monday and finished down by -0.02%. The dollar moved lower on Monday as easing geopolitical tensions in the Middle East boosted stocks and reduced safe-haven demand for the dollar. Also, Monday's -5% fall in WTI crude oil prices lowered...

Barchart

Crude Oil Prices Sink as Talks Signal Progress on Reopening Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -4.33 (-5.11%) on Monday, and September RBOB gasoline (RBU26 ) closed down -0.1475 (-4.74%). Crude oil and gasoline prices settled sharply lower on Monday, with gasoline falling to a 3-week low. Easing tensions in the Middle East weighed on crude prices on...

International Business Times UK

Egypt Earthquake 2026 Sparks Shockwaves Near Suez as Tremors Shake Cairo and Neighbouring Regions

A moderate earthquake struck eastern Egypt in 2026, causing tremors felt across the Middle East. Despite minor damage and panic, no major casualties were reported.

Barchart

Crude Oil Prices Tumble as Talks Resume to Reopen Strait of Hormuz

September WTI crude oil (CLU26 ) today is down -4.87 (-5.75%), and September RBOB gasoline (RBU26 ) is down -0.1186 (-3.81%). Crude oil and gasoline prices are sharply lower today, with gasoline falling to a 3-week low. Easing tensions in the Middle East are weighing on crude prices today after...

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