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The Latest Breaking News from the Middle East war

Iran to impose new service fees in Hormuz, reserves special treatment for 'friendly' nations

Iran's ambassador to China announced new service fees for ships transiting the Strait of Hormuz, despite US objections. Ambassador Abdolreza Rahmani Fazli stated these fees would cover security, supervision, and environmental concerns, with "friendly" nations receiving special consideration. This comes after Iran lifted its blockade of the vital waterway following…

The Economic Times

Sri Lanka reduces fuel prices after Middle East ceasefire

Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation. Sri Lanka, which buys in all of its oil and also relies on imported coal for power generation, has…

The Economic Times

Energy to pressure inflation in H2

SCB Economic Intelligence Center (EIC), a research centre under Siam Commercial Bank, expects energy costs will continue to propel inflation in the second half of the year even as the Middle East war shows signs of de-escalation.

Bangkok Post

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Economy will recover, fuel prices may lag says finance minister

If the Middle East war ends, Thai and other world economies will start to recover but energy prices may not return to pre-war levels, Finance Minister Ekniti Nitithanprapas said on Monday.

Bangkok Post

UN warns of global hunger crisis as Mideast war drags on

GENEVA - “Pessimistic” predictions that the Middle East war could push tens of millions more people into acute hunger if drawn out are being proven right, the United Nations said on Friday.

Bangkok Post

Predicted global hunger crisis becoming a reality as Mideast war drags on, UN warns

Predictions that the Middle East war could drive tens of millions more people into acute hunger are proving to be accurate, the United Nations said Friday, warning that higher fuel and food costs linked to the conflict are deepening food insecurity far beyond the region.

France 24

Insurance premium growth blunted by effect of war

The Middle East war has dampened prospects for Thai insurance premium growth this year as energy prices skyrocket along with reinsurance expenses and financial market volatility, warns the regulator.

Bangkok Post

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AirAsia chief slams tax hike for international flyers

The founder of AirAsia has strongly criticised Airports of Thailand's (AoT) passenger service charge (PSC) hike, slamming the inappropriate timing during the Middle East war and suggesting varying rates for different airports.

Bangkok Post

Famine looms in Somalia amid drought, dwindling aid and Middle East war

Six million people in Somalia are facing crisis levels of food insecurity from a lack of rain and spiking food and water prices due to the Middle East war, United Nations-backed experts and humanitarian groups have warned.

Radio France Internationale

‘Not in our control’: Pakistan faces 7-hour blackout as Iran war chokes energy supplies

Power Minister Awais Leghari on Thursday confirmed six to seven hours of daily load management, nearly three times higher than the government's earlier publicly announced commitment. He also issued an apology to the public, blaming the crisis on LNG supply disruptions caused by the Middle East war and lower hydropower…

The Times of India

Two-Minute Analysis: The Bull vs. Bear Cases for Gold and Silver Prices Now

A major driver of safe-haven demand is currently playing out in the Middle East war.

Barchart

How the Middle East war is impacting humanitarian aid to Africa

Since the outbreak of war in the Middle East, disrupted trade routes have caused delays to the delivery of medicines and other humanitarian aid to crisis zones such as Sudan and Mali.

Radio France Internationale

Albanese warns Australians coming months ‘may not be easy’

Prime Minister Anthony Albanese has warned Australians to brace for difficult months ahead, but pledged the government will protect them as well as it can, in an address to the nation on the impact of the Middle East War.

The Conversation

The Iran war could drag into 2027, analyst warns. The economic fallout is just getting started

“The Middle East war now appears to be broadening and deepening,” Capital Alpha Partners analyst Byron Callan said in a note on Thursday.

Fortune

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The Independent UK

Philippine president declares national energy emergency to respond to impact of Middle East war

Philippine President Ferdinand Marcos Jr_ has declared a state of national energy emergency to respond to the impact of the Middle East war, which his administration said poses “an imminent danger of a critically low energy supply.”

International Business Times UK

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

The Conversation

As the war drags on, what does victory look like for the US, Israel and Iran?

As the Middle East war enters its third week, there is no sign from either Iran or the United States and Israel that they will stop the fighting any time soon. It is getting more violent and nasty by the day.

The Guardian - AU

Morning Mail: Two more Iranians reportedly seek asylum, Labor alarm at PM’s war stance, mastering ‘green confetti’

Reports suggest two more members of the Iranian women’s football team have opted to stay; could the Middle East war derail Albanese?

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