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The Latest Breaking News from the Middle East

Rachel Reeves urged to ‘act now’ to save poorest from pain of rocketing winter energy bills

Donald Trump’s Iran war is blamed for continued volatility in global energy markets, which has led to higher wholesale gas prices

The Independent UK

Millions face higher energy bills as UK price cap rises

Ofgem will raise the energy price cap by 13 per cent from July due to the ongoing conflict in the Middle East, the regulator has announced ...

The National (Scotland)

Energy bills to soar 13% due to Trump's war in Iran, says Ofgem

‘This increase is as a result of higher wholesale gas prices, caused by the ongoing conflict in the Middle East’ - Ofgem

Evening Standard

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Strait of Hormuz closure chokes trade and aid for Afghanistan

Afghanistan's trade routes are severely disrupted. Conflicts in the Middle East and border closures with Pakistan have crippled businesses and aid efforts. Shipping through Iran's Bandar Abbas port is blocked. Humanitarian aid, especially for malnourished children, is running out. Supplies are now rerouted through Central Asia, tripling costs. Businesses face…

The Economic Times

Trump can’t sell the Abraham Accords on a Middle East that has lost trust in the US

As the US and Iran try to come to terms on a peace deal to end their months-long war, US President Donald Trump this week has introduced a new demand – that other countries in the Middle East sign on to his Abraham Accords, normalising relations with Israel.

The Conversation

Top 10 countries with fastest billionaire growth by 2031: Saudi Arabia, Poland and Sweden top the global wealth race

The next few years are expected to redraw parts of the global wealth map in ways that don’t always match familiar economic narratives. Some of the fastest movement in billionaire populations is forecast outside the usual Western centres, with shifts tied to capital inflows, policy changes, tech expansion, and regional…

The Times of India

Why Has Trump Stopped Selling Weapons to Taiwan?

The administration is avoiding conflict with China to focus on war in the Middle East. Taiwan’s democracy hangs in the balance.

Reason

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Over 100 ambassador roles are vacant, doubling rate from Trump’s first term

The U.S. hasn’t confirmed ambassadors to more than half the nations in the world, including those who serve in conflict zones such as Ukraine and the Middle East

The Independent UK

Methanol, pistachios and cement: the other Iranian exports being choked by the war

The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25% of the world’s oil ordinarily passes, has rattled global energy markets.

The Conversation

NYSE Content Update: Mastercard Celebrates Two Decades as NYSE-Listed Company

NEW YORK, May 26, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Ashley Mastronardi delivers the pre-market update on May 26thInvestors are monitoring new developments in the…

AAP

Stocks Set to Open Higher as U.S.-Iran Peace Hopes Hold, PCE Inflation Data and Fed Speak Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.67%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.03% this morning as investors remained hopeful that the latest U.S. strikes on Iran would not derail talks to end the Middle East conflict.

Barchart

Why are some airlines slashing flight prices amid the war in the Middle East?

While Europe-Asia airfares soar, budget airlines slash or keep prices low to tempt people back into travel amid weak demand and higher operational costs. How can they do it and how long will it last?

Euronews

Khamenei raises stakes in Iran's war vs US; says America 'no longer' has safe haven in Mideast

Iran's Supreme Leader warned regional powers would no longer shield US bases, stating America would lose safe havens in the Middle East. This comes as the US military conducted "self-defense" strikes in southern Iran, despite ongoing negotiations. President Trump, meanwhile, suggested expanding the Abraham Accords to include several regional nations.

The Economic Times

Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis

Sri Lanka's central bank enacted a significant 100 basis point policy rate hike, its largest in four years, to combat rising inflation and a weakening rupee. This move comes as the nation grapples with soaring energy prices driven by the Middle East conflict, impacting economic growth and foreign reserves.

The Economic Times

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AAP

The Philippines Sets a New Standard in Muslim-Friendly Tourism

MANILA, Philippines, May 26, 2026 /PRNewswire/ -- The Philippines continues to strengthen its position as a rising Muslim-friendly destination in Asia, welcoming travelers from the Middle East and the wider Muslim world through a growing ecosystem of halal- and Muslim-friendly tourism experiences. This momentum is further complemented by the country's…

The Economic Times

Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil market reacts to US-Iran peace deal hopes

Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil prices dropped nearly 7% after reports suggested the United States and Iran were moving closer to a deal linked to the Strait of Hormuz. Brent crude and…

Bangkok Post

Middle East seat capacity plummets

Monthly seat capacity on routes between the Middle East and Thailand has fallen by 33.7% compared with the period before the Gulf war, prompting the Tourism Authority of Thailand (TAT) to diversify its markets to remain resilient.

The Times of India

The Abraham Accord plus: Trump aims for grand bargain tying Islamic world, including Iran, with Israel

TOI correspondent from Washington: US President Donald Trump on Monday dramatically raised the stakes in already delicate peace efforts in the middle east by demanding that key Muslim allies – including Saudi Arabia, Pakistan, Turkey, and Qatar – sign onto the Abraham Accords as a condition for participating in what…

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Bangkok Post

Trump demands widespread sign-up to Abraham Accords as part of Iran peace deal

WASHINGTON (UNITED STATES) - US President Donald Trump on Monday urged Muslim-majority nations across the Middle East and beyond to normalize relations with Israel as part of the emerging Iran peace deal.

The Times of India

'Should be mandatory': Trump wants Muslim nations to join Abraham Accords — what it means and why Pakistan is in a bind

US President Donald Trump called on several Muslim-majority countries including Pakistan to sign the Abraham Accords as part of what he described as a historic reshaping of the Middle East.

Bangkok Post

Fears over Thai car exports as Mideast war hits trade

Thailand’s automotive industry is bracing for a potential setback in 2026, with car production expected to miss its target for the first time in five years if the war in the Middle East drags on beyond three months and shipping routes through the Strait of Hormuz remain disrupted, says the…

France 24

Possible Iran-US deal: What we know about the key issues on both sides

The United States and Iran have downplayed prospects for a rapid deal to end the Middle East war, despite signs of progress in talks. Key sticking points remain over Iran’s nuclear programme, control of the Strait of Hormuz, sanctions relief and a possible ceasefire in Lebanon, with both sides signalling…

The Times of India

Why is the Iran deal still stuck? Hormuz, uranium, US blockade and the unresolved fault lines

Intense diplomatic efforts are underway to secure an agreement between the US and Iran, aiming to end the Middle East conflict, reopen the Strait of Hormuz, and ease energy market pressures. Despite claims of progress, significant disagreements persist over uranium enrichment, sanctions relief, and regional influence, leaving a final deal…

Bangkok Post

Hong Kong airport set for volume shift after flights rejigged amid fuel crisis

Hong Kong's airport is set for a shift in volume this summer after airlines quietly swapped jet sizes and reduced scheduled flights to manage costs amid a global fuel crisis and following a jump in economy passenger fares to Europe.

The Economic Times

Pilgrims kick off hajj as war's trajectory hangs in the balance

Over 1.5 million Muslims have converged in Mecca for the annual hajj pilgrimage. This significant religious event unfolds against a backdrop of regional conflict and hopes for peace. Pilgrims from across the globe are participating, with Saudi Arabia enhancing security measures. The hajj rituals are underway, drawing worshippers to holy…

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