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The Latest Breaking News from the Middle East

Oil Prices Ease to $94 as US-Iran Talks Offer Hope but Hormuz Risks Linger

World oil prices slipped modestly Tuesday amid tentative optimism over U.S.-Iran diplomatic efforts, with Brent crude hovering near $94.70 per barrel as traders weighed mixed signals from the Middle East against lingering threats to global energy supplies.

International Business Times

France seeks €4bn savings to cover cost of Middle East war

French Prime Minsiter Sebastien Lecornu has asked the government to find €4 billion in additional savings to cover the costs of the war in the Middle East, which Finance Minister Roland Lescure estimates will cost France between €4 and €6 billion.

Radio France Internationale

Decision on EU’s €90bn loan for Ukraine ‘due in next 24 hours’ after Zelenskyy says oil pipeline repaired – as it happened

EU’s foreign policy chief, Kaja Kallas, says there is ‘new momentum’ after Hungarian election as Ukrainian leader says Druzhba pipeline can resume operations

The Guardian - UK

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Fuel thefts spike as petrol stations see huge increase in ‘drive-offs’

This surge coincides with a sharp rise in fuel costs since the Middle East conflict

The Independent UK

'Limited visibility': iron ore miner eyes Middle East

One of Australia's biggest corporate tax payers is keeping a close eye on the Middle East conflict, on concerns it may impact the latter half of 2026.

AAP

Is GOOG Stock a Buy Ahead of Q1 Earnings and Amid Fragile Peace in the Middle East?

Alphabet stock is approaching its record highs after last week's rally. However, the stock's near-term risk-reward does not look too favorable given the rich valuations and volatile macro environment.

Barchart

Dollar Climbs as US-Iran War Tensions Rise

The dollar index (DXY00 ) today is up by +0.08%. The dollar is climbing today on ramped-up tensions in the Middle East after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to lift a naval blockade of Iran's vessels. Also,...

Barchart

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Large Energy Companies Speed Up Search For New Ventures Far From The Middle East Due To War Uncertainty: Report

Large energy companies are speeding up energy projects far from the Middle East as uncertainty related to the war in Iran lingers, according to a new report.

International Business Times

Occidental Petroleum Stock Is Off Its Peak - Time to Buy OXY or Short OTM Puts?

Occidental Petroleum (OXY) stock is well off its recent peak prices. However, tensions in the Middle East are not over, and oil could spike again. It could be time to buy OXY or short out-of-the-money puts.

Barchart

Stocks Set to Open Lower as Oil Jumps After U.S.-Iran Tensions Flare Up; Economic Data and Earnings Awaited

June S&P 500 E-Mini futures (ESM26) are down -0.42%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.43% this morning, pointing to a lower open on Wall Street as oil prices surged following a weekend flare-up in U.S.-Iran tensions.

Barchart

Here’s how using more recycled plastic could ease the pain of oil shocks

As the crisis in the Middle East continues, much of the public focus has been on fuel prices and the cost of living. But there’s another oil-related product that often gets overlooked: plastic.

The Conversation

Big bank takes action as Middle East crisis rolls on

National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.

AAP

Charting the Global Economy: IMF trims world growth projections

The International Monetary Fund has lowered its global growth forecast for 2026. This adjustment comes as the war in the Middle East has caused a significant oil price shock. The IMF also anticipates higher inflation due to rising energy and food costs.

The Economic Times

'Whether people like Israel or not ... ': Trump hails 'great ally' of US for 'knowing how to win'

US President Donald Trump lauded Israel as a "great ally," highlighting its courage and loyalty amidst escalating Middle East tensions. Meanwhile, Iran's parliamentary speaker indicated ongoing, yet incomplete, negotiations with the US. The conflict has resulted in significant casualties, with clashes persisting despite a fragile truce and concerns over the…

The Times of India

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Euronews

Grammy-winning producer Swizz Beatz: Tech is changing the game but originality still rules

Grammy-winning music producer and entrepreneur Swizz Beatz tells Euronews Culture how technology is reshaping creativity, why originality still stands out, and what keeps drawing him back to the Middle East.

The Guardian - UK

What are my rights if flights are cancelled and holidays disrupted due to fuel shortage?

The Middle East war and the EU’s new entry-exit system could lead to travel misery this summer, but there are ways to mitigate it

The Independent UK

Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly

Oil prices plunged and the stock market rallied after U.S. President Donald Trump and Iran’s foreign minister said that the Strait of Hormuz is fully open

Cinemablend

I'm Hyped For The Mummy 4, But I'm Worried About Its Arab Representation

One thing needs to change.

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The Independent UK

‘Morale is going to be at an all-time low’: Iran war troops living on meager rations as Postal Service stops delivering

‘The food is tasteless and there’s not nearly enough and they’re hungry all the time’

The Independent UK

Colombia's environment minister says Middle East crisis should speed energy transition

Colombia’s environment minister said global crises, including conflict in the Middle East, should accelerate the shift away from fossil fuels, even as geopolitical tensions complicate the energy transition

International Business Times

Energy Output In Middle East Will Take About Two Years To Recover, IEA Chief Says

Energy output in the Middle East could take two years to go back to pre-war levels, according to the head of the International Energy Agency.

Euronews

London metals index at record high amid aluminium supply squeeze fear

The London Metal Exchange’s benchmark has climbed to a fresh record as aluminium prices surge on fears of a severe and lasting shortfall in global supply following disruptions in the Middle East.

Euronews

'Ripple effects of Iran war could lead to other conflicts,' UN development chief tells Euronews

The head of the UN Development Programme told Euronews that the impact of the Middle East conflict is being felt "way beyond the region", and that, in the absence of a resolution, the groundwork for further conflicts is being laid.

Pedestrian.tv

Geelong Refinery Fire Exposes How Thin Australia’s Fuel Safety Net Really Is

A fire at Viva Energy’s Geelong refinery has rattled confidence in Australia’s already stretched fuel system. Here’s what experts say.

The Times of India

US naval blockade: What’s on the menu for sailors, Marines onboard warships; new pictures surface

Families of US service members deployed on warships in the Middle East say their loved ones are going hungry, with limited food supplies and poor-quality meals aboard vessels enforcing the US naval blockade of Iranian ports.

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