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The Latest Breaking News from the Middle East

Australia joins oil crisis talks ahead of key UN vote

Australia has joined nations for talks about a vital oil corridor, as the UN Security Council considers whether "defensive" action can be taken against Iran.

AAP

‘For Every Assassination, an American Tech Company Will Be Destroyed’: What Does That Mean for Tesla Stock?

The IRGC has threatened attacks on several American tech majors, including Tesla.

Barchart

Macron rejects military plan as allies push to reopen Strait of Hormuz

French President Emmanuel Macron said on Thursday that using military force to reopen the Strait of Hormuz would be “unrealistic”, as more than 40 countries held talks on restoring access to the vital shipping route, compromised by the war in the Middle East.

Radio France Internationale

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Should You Chase the Rally as Micron Stock Bounces Back?

Micron stock rallied yesterday on a constructive GF Securities note and signs of easing geopolitical tensions in the Middle East. Here’s why MU shares are worth buying into strength.

Barchart

Bypass the Strait of Hormuz with nuclear explosives? The US studied that in Panama and Colombia in the 1960s

With the world struggling to get oil supplies moving from the Middle East, former House Speaker Newt Gingrich raised eyebrows with a social media post highlighting a radical idea: Use nuclear bombs to cut a new channel along a route that would avoid Iranian threats in the Strait of Hormuz.

The Conversation

As oil prices rise, France suggests extra tax could help phase out fossil fuels

As the war in the Middle East drives up prices of petrol and gas, France wants to use additional tax revenue generated to fund the country’s move away from fossil fuels – but some analysts say any extra returns are offset by rising costs and inflation.

Radio France Internationale

Why the Middle East conflict is changing so many holiday plans

IN FULL

The Independent UK

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The world’s supply of helium is being threatened by the Iran war

The war in the Middle East has disrupted the world’s supply of helium. Qatar produces about a third of global helium, but attacks on its gas infrastructure have forced production to stop.

The Conversation

Stocks Tumble Before the Open as Oil Prices Jump After Trump’s Iran Address

June S&P 500 E-Mini futures (ESM26) are down -1.27%, and June Nasdaq 100 E-Mini futures (NQM26) are down -1.65% this morning as doubts over a quick resolution to the Middle East conflict dampened sentiment and fueled a spike in oil prices.

Barchart

Coordinated conflict: how the Ukraine and Iran wars are starting to overlap

Battlefield outcomes are connected by the sharing of weapons and intelligence as well as the damage to the global economy

The Guardian - UK

Fuel prices are driving more Australians to EVs - and secondhand cars are in high demand

As conflict in the Middle East sends diesel and petrol prices skyrocketing, more and more Australians and New Zealanders are showing interest in electric vehicles.

The Conversation

France's Macron visits South Korea for talks on technology and security

French President Emmanuel Macron arrived in South Korea on Thursday for a state visit focused on trade, technology and security – following talks in Tokyo where he and Japan’s prime minister agreed to push to reopen the Strait of Hormuz, disrupted by the war in the Middle East.

Radio France Internationale

Winter crops need to be sown - but Australia’s farmers are worried about fertilisers and fuel

War in the Middle East has put a spotlight on the Strait of Hormuz, the narrow sea passage through which 20% of global oil supply is shipped. But far less attention has been paid to another essential product derived from oil and gas, on which the world also relies: fertiliser.

The Conversation

As the Iran war disrupts supplies, will it affect access to medicines?

As the conflict in the Middle East disrupts fuel, shipping and food supplies, many are starting to ask if they will be still be able to get their medicines if the war drags on.

The Conversation

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Bangkok Post

Polluted Chiang Mai to suffer at Songkran

Northern tourism operators expect a poor showing during the Songkran holiday as the region remains choked by smog, amid weak spending attributed to the war in the Middle East and the subsequent oil shock.

Latin Times

Utah, Michigan and Florida Lead the Way Among the States With the Biggest Gas Price Hikes Since the Iran War Began

Discover how rising tensions in the Middle East are driving up gasoline prices across the US, impacting drivers and sparking political debates over gas taxes. Learn which states are hit hardest and explore potential relief measures.

Kiplinger

Stocks Rise, Oil Falls Amid Peace Talk: Stock Market Today

Market participants will pay close attention when President Donald Trump talks to the American people about the war in the Middle East tonight.

The Independent UK

Trump says King would have taken ‘different stand’ on Iran war in fresh dig at Starmer

President draws contrast between King and prime minister a day after Buckingham Palace confirmed plan for royal state visit to US

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Barchart

Crude Prices Fall on Hopes for De-Escalation of Hostilities in the Middle East

May WTI crude oil (CLK26 ) on Wednesday closed down -1.26 (-1.24%), and May RBOB gasoline (RBK26 ) closed down -0.1125 (-3.51%). Crude oil and gasoline prices settled sharply lower on Wednesday amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower...

The Conversation

Housing construction costs are already rising, increasing risks of builders going bust

For Australia’s building industry, higher fuel costs since the start of the Middle East war have been just the start of the pain.

The Guardian - UK

The Guardian view on Ukraine’s perilous spring: Europe’s steadfast support is more vital than ever

Editorial: As the world’s attention is drawn to the Middle East, Donald Trump’s assault on Iran has had damaging knock-on consequences for Kyiv

Barchart

Crude Oil Prices Tumble on Hopes for an End to the War in the Middle East

May WTI crude oil (CLK26 ) today is down -1.62 (-1.60%), and May RBOB gasoline (RBK26 ) is down -0.0787 (-2.46%). Crude oil and gasoline prices are sharply lower today amid mounting optimism that the war in the Middle East is nearing an end. Crude prices remained lower after weekly...

Radio France Internationale

France and Japan deepen ties, urging calm as Middle East tensions escalate

French President Emmanuel Macron and Japanese Prime Minister Sanae Takaichi have called for de-escalation in the Middle East and the protection of key energy routes, as tensions continue to ripple across the region.

Barchart

Commodity Roundup- March’s Top Performers and Underperformers

The old saying is that March comes in like a lion and goes out like a lamb. In the energy sector, the lion roared in early March, pushing crude oil prices to the highest level since 2022. By the end of March, oil prices were lower, but remained elevated as…

International Business Times UK

US Gas Price Map: States With the Biggest Hikes Since the Iran War Began

Discover how rising tensions in the Middle East are driving up petrol prices across the US, impacting drivers and sparking political debates over gas taxes. Learn which states are hit hardest and explore potential relief measures.

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