The Latest Breaking News from the Middle East

Japan hikes interest rates to highest since 1995 as Middle East tensions fuel inflation fears

Decision by BOJ influenced by higher energy costs due to instability in the Middle East

The Independent UK · Jun 16

G7 leaders open summit talks on Ukraine and the Middle East as Zelenskyy joins in France

Leaders at the G7 summit face a packed agenda. Discussions will focus on ending Russia's war in Ukraine and addressing the Middle East crisis. Ukrainian President Volodymyr Zelenskyy will attend. The summit also addresses the recent US agreement to end the conflict with Iran. Leaders aim for progress on these…

The Economic Times · Jun 16

Trump's interim Iran deal eases immediate crisis but leaves major hurdles ahead

A preliminary deal to end the Middle East war has been signed by the US and Iran. This agreement extends a ceasefire and reopens the Strait of Hormuz. Shippers, however, express caution, expecting weeks for confidence to return. Key issues like Iran's nuclear program remain for future talks.

The Economic Times · Jun 16

IMF chief says no global slowdown in sight yet, but risks are high

The global economy is holding strong despite the Middle East war. Commodity prices and inflation have risen, but a global slowdown is not yet evident. The IMF chief noted a recent agreement to reopen the Strait of Hormuz. An updated economic forecast is due soon. The IMF previously outlined scenarios…

The Economic Times · Jun 15

US stocks: Dow hits record high on Iran deal optimism, lower oil prices

Major Wall Street indexes surged at the open on Monday following a preliminary agreement between Washington and Tehran to resolve the Middle East conflict and reopen the Strait of Hormuz. This development triggered a significant drop in crude oil prices, boosting investor confidence across the board.

The Economic Times · Jun 15

Tesla Fires, Zelensky, NATO and Deep Skepticism: What Awaits Trump at the G7 Summit This Week

President Donald Trump heads to this week's G7 summit in France facing a packed agenda that includes the war in Ukraine, tensions within NATO, trade disputes and questions about whether his administration's diplomatic push in the Middle East can translate into broader cooperation with America's allies.

Latin Times · Jun 15

US-Iran deal met with hope, scepticism in Mideast

PARIS — The deal between the United States and Iran to end their war, negotiated in secret and still not revealed in detail, was greeted with scepticism but a measure of relief among ordinary people across the Middle East.

Bangkok Post · Jun 15

"Not a peace deal; another 60 days of ceasefire": Israeli expert weighs in on US-Iran peace talks

An agreement between Tehran and Washington is announced. Sagiv Steinberg of JCFA views it as a temporary 60-day ceasefire before US elections. He states no US goals were achieved. Iran may rebuild proxies and infrastructure. The deal is set to be signed on Friday in Switzerland. This agreement is seen…

The Economic Times · Jun 15

Israel to stay ‘indefinitely’ in lands seized in Gaza, Lebanon and Syria

Israeli Defence Minister Israel Katz said on Monday that Israeli ground forces would remain in land they hold in Lebanon, Syria and Gaza, potentially challenging a memorandum of understanding announced a day earlier between the US and Iran to end the war in the Middle East.

France 24 · Jun 15

Trump’s Iran war costs UK drivers £4bn in higher fuel prices

Iran’s Strait of Hormuz blockade led to oil prices hitting their highest level since 2022

The Independent UK · Jun 15