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The Latest Breaking News from the Middle East

Rupee posts strongest week since March on RBI support

The Indian rupee finished Friday on a strong note, marking its most significant weekly increase since March, thanks to continuous support from the central bank amidst a weakening dollar. Heightened tensions in the Middle East have driven oil prices upward, influencing the rupee's monthly trends. Likewise, India's IT sector demonstrated…

The Economic Times

16 Indians, including 10 seafarers, killed in Middle East conflict: Govt

Sixteen Indian nationals, including ten seafarers, have died in the Middle East conflict this year. Seventy-five Indians sustained injuries across several Middle Eastern nations due to the ongoing hostilities. The government is coordinating repatriation and medical treatment for affected citizens. Indian medical students in Iran are facing challenges due to…

The Economic Times

Satellite company taking pictures all over world told by Trump team to go dark over Middle East

The Trump administration has reportedly leaned on private companies and governments alike to restrict image access during the war

The Independent UK

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Here's why new fronts seem to be opening up across the Middle East

Recent days have seen a series of attacks across the Middle East, from the U.S. and Saudi Arabia bombing militias in Iraq to drones setting ships ablaze in Egypt

The Independent UK

Middle East faces expanded war as Iran and US reignite attacks

NEW YORK — The Middle East teetered on the brink of an expanded war Thursday, after Iran and the United States reignited their hostilities and inflamed conflicts on other fronts that threatened to draw in more countries.

Bangkok Post

Mapped: All of the countries dragged into Trump’s war in Iran

IN FOCUS: The war has spread across the Middle East, with unprecedented disruption to global oil supplies and Gulf states being targeted by Tehran. Maira Butt looks at how the war has dragged in countries on several continents

The Independent UK

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%

The Guardian - UK

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Can China restrain Iran? Gulf states test Beijing's influence

Gulf Arab states are seeking China's economic influence over Iran to secure vital shipping lanes. They are frustrated with Washington's perceived limits of power in the escalating regional conflict. China's role as a major trading partner presents both opportunities and sensitivities for Beijing. Beijing is cautiously engaging in diplomacy to…

The Economic Times

Bank of England holds interest rates at 3.75% despite inflation risks

Although UK inflation fell in June, the Bank of England held interest rates steady as renewed conflict in the Middle East and volatile energy prices clouded the outlook.

Euronews

Iran's Revolutionary Guard Vows US Will Be 'Punished Today' Following Overnight Strikes

The US and Iran have exchanged military strikes, escalating tensions in the Middle East, with Iran's Revolutionary Guard warning of retaliation.

International Business Times UK

Global Market: European shares muted as Middle East tensions, Fed uncertainty offset strong earnings

European shares traded in a tight range as investors balanced rising geopolitical tensions in the Middle East and uncertainty over the U.S. interest rate outlook against a steady flow of corporate earnings. Energy stocks gained on higher oil prices, while Schneider Electric surged after raising guidance.

The Economic Times

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Independent UK

Mideast war supercharges electric car sales: IEA

Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday. "Despite a challenging backdrop for the global car market, sales of electric cars surged in the second quarter of this year as the energy crisis sparked…

The Economic Times

Fuel prices on the up as PM backs end to discount

Discounts to the fuel excise will come to an end within days, but the prime minister says the government could consider bringing it back in the future.

AAP

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AAP

Fuel seller eyes massive earnings lift due to conflict

The company that owns one of Australia's two oil refineries says the Middle East war underscores the need to keep that capability, as the conflict continues.

The Economic Times

Oil prices slip as tankers continue to ply Middle East conflict zones

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impacting regional stability. Thirty-nine commodity ships passed through the Bab el-Mandeb strait into the Red Sea. Iran has ruled out an Omani proposal for regional joint management of…

Barchart

Crude Oil Prices Surge as US-Iran Conflict Looks to Drag On

September WTI crude oil (CLU26 ) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26 ) closed up +0.0815 (+2.59%). Crude oil and gasoline prices rallied sharply on Wednesday amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated...

Evening Standard

Strait of Hormuz shipping hits ‘crisis-era lows’ as conflict risks spreading

The renewed hostilities in the Middle East lead Donald Trump to issue a foul-mouthed warning to Iran.

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The Independent UK

Hopes of new ceasefire fade as Saudis join Trump’s war in the Middle East with strikes on Iraq

Trump lashes out in explosive tirade as he vows to ‘beat the s***’ out of Iran after latest breakdown in ceasefire

Barchart

Crude Oil Prices Soar as US-Iran Tensions Escalate

September WTI crude oil (CLU26 ) today is up +5.31 (+6.70%), and September RBOB gasoline (RBU26 ) is up -0.0802 (+2.55%). Crude oil and gasoline prices are soaring today amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated after President...

International Business Times UK

Trump Vows to 'Beat the F***ing S**t' Out of Iran After Surprise Missile Attack on US Forces

US President Donald Trump has pledged a strong military response after Iran's missile attack on American forces, escalating tensions in the Middle East despite ongoing diplomatic talks.

The Times of India

'They're going to get a beating': Trump threatens Iran with 'hard' response after attack on US bases

United States President Donald Trump warned Iran of a forceful military response. American bases in Jordan faced missile attacks which the US intercepted. Iran's Revolutionary Guard claimed responsibility for the attempted surprise strike. US and Saudi forces also conducted overnight strikes against Iran-backed militias. Global markets reacted to the latest…

Benzinga

Top US Commander Reportedly Warns Troops' Cellphone Videos and Social Media Posts Are Handing Iran Battle Intelligence 'Free of Charge'

The top U.S. commander in the Middle East has reportedly warned that cellphone videos and social-media posts by troops are helping Iran assess attacks on American bases, prompting consideration of tighter phone restrictions.

The Economic Times

Copper slips ahead of Fed rate decision, aluminium rises on Gulf fighting

Copper prices faced a downturn due to cautious trading leading up to the Federal Reserve's imminent interest rate decision. The easing of supply constraints in China added further downward pressure on both copper and zinc. Conversely, aluminium experienced an uptick as escalating conflicts in the Middle East raised supply concerns.

The Economic Times

Euro zone bonds snap three-day rally, yields rise with oil

As oil prices surged on Wednesday, Euro zone government bonds experienced a decline. Heightened hostilities in the Middle East were a major factor driving Brent crude upward. Economists are keenly observing energy trends for signs of inflation that might influence monetary policy changes, contributing to traders’ nervousness surrounding the upcoming…

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