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The Latest Breaking News from the Middle East

Chancellor to hold talks with US counterpart after strong criticism of Iran war

Rachel Reeves has gone public with her anger and frustration at the ‘folly’ of America’s actions in the Middle East.

Evening Standard

Almost a third of Brits cutting back on food and heating amid price rises and financial pressures

The conflict in the Middle East has prompted prices to rise and mortgage rates to increase, putting further pressure on households’ costs

The Independent UK

Real estate has had a terrible start to spring—usually housing’s hottest season

Affordability fears, high mortgage rates, and a war in the Middle East are rewriting the rules of the housing market’s most important season.

Fortune

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IEA Head Says Current Oil Prices Don't Show Gravity Of Threat To Energy Markets Posed By Iran War

International Energy Agency head Fatih Birol said on Tuesday that current oil prices don't fully show the gravity that energy markets face as a result of the war in Iran and the Middle East in general.

International Business Times

Chancellor slams Trump’s Iran war ‘folly’ as threat of recession looms

Rachel Reeves says she is ‘very frustrated and angry’ at America’s actions in the Middle East

The Independent UK

UK economy faces hardest hit of G7 from Iran war says IMF as growth forecast cut

Chancellor Rachel Reeves said the war ‘will come at a cost to the UK’ following the IMF’s gloomy outlook.

The Independent UK

IMF slashes UK growth forecast as Britain's economy faces biggest shock of G7 nations due to Iran war

Chancellor Rachel Reeves said the war ‘will come at a cost to the UK’ following the IMF’s gloomy outlook

Evening Standard

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Can Pakistan bring US and Iran back to the negotiating table before ceasefire ends?

ANALYSIS: Trump has again suggested a deal could be reached despite talks collapsing in Islamabad at the weekend. Experts tell Arpan Rai there is a good chance both sides will return to Pakistan in the coming days

The Independent UK

After US-Iran talks fail, China proposes four-point plan for Middle East peace

China on Tuesday outlined a four-point proposal for lasting peace in the Middle East, with foreign ministry spokesperson Mao Ning sharing details of remarks made by President Xi Jinping.

The Times of India

Behold, another second coming. But this one is Donald Trump – WAY BETTER than that Jesus guy

The Middle East on fire, a spat with the pope – and he posts himself as Potus Almighty. Will his disciples now see that their messiah has feet of clay, asks Guardian columnist Marina Hyde

The Guardian - UK

Higher Aluminum Prices Are a Win for Alcoa Stock, Says Morgan Stanley. Should You Buy AA Here?

Disruptions in the Middle East have been cited as the primary reason for the firm's upgrade of Alcoa's stock.

Barchart

Starmer chairs new committee to respond to Iran crisis

The formation of a new Cabinet committee is a signal the situation in the Middle East will have a prolonged impact on the UK.

Evening Standard

Risk of ‘serious’ economic shock if Iran war drags on, EBRD chief says

Odile Renaud-Basso says the current scenario will dampen growth and push up inflation in the countries where her institution operates, but that the economic repercussions of a drawn-out war will be “much more serious.”

Euronews

How the war in the Middle East is affecting UK shopping habits

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The Independent UK

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The Guardian - UK

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair

AAP

Qantas route cuts will hit hard for regional travellers

Australians in regional areas will bear the brunt of increased airfares and reduced services as Qantas cuts routes in response to increasing fuel prices.

The Conversation

Victoria has made public transport free – NSW hasn’t. Has there been any difference in uptake?

The recent military conflict in the Middle East triggered a sharp increase in petrol prices throughout March, with the federal government’s subsequent excise cut providing only partial relief.

Bangkok Post

South Korean airlines make changes to Thai flights

Jet fuel hikes have forced South Korean budget airlines to adjust or in some cases suspend flights to Thai destinations as the Middle East war continues.

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AAP

War hits home for big Aussie bank as confidence slumps

One of the big four banks has become the first to reveal that the conflict in the Middle East is affecting its business, ahead of the May federal budget.

Evening Standard

Gas supplies ‘can meet British demand over summer’ despite Iran war disruption

National Gas said gas stocks in Great Britain are set to be sufficient enough to allow for some British gas to exported to mainland Europe.

The Independent UK

UK gas supply ‘will meet demand over the summer’ despite Middle East crisis

National Gas said gas stocks in Great Britain are set to be sufficient enough to allow for some British gas to exported to mainland Europe

TechRadar

Russia launched a covert operation to deploy undersea sabotage vessels in UK waters while the world was distracted by the Middle East - UK threatens Putin with ‘serious consequences’ if subversion continues

Russia launched a covert operation to sabotage subsea cables while the world was distracted by the Middle East.

The Guardian - AU

The world is gripped by 3am dread thanks to an unhinged US president. Can someone turn the history machine off?

Amid the daily horror show in the Middle East is the realisation the so-called adults in the room are insane or powerless or just as bewildered as you are

Barchart

Dollar Strengthens as US-Iran Peace Talks Break Down

The dollar index (DXY00 ) today is up by +0.15%. The dollar is climbing today on increased safe-haven demand after the US-Iran peace talks broke down over the weekend, threatening to escalate hostilities in the Middle East. The dollar fell back from its best level today after US Mar existing...

The Conversation

The conflict in the Middle East has provided a true test of the resilience of the global economy

The world economy survived the shocks of the Ukraine-Russia conflict, which has had limited impact on economic growth. But the escalation of hostilities in the Middle East has transformed what had been, until early 2026, a surprisingly benign outlook into a far more uncertain one. It has created the ultimate…

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