The Latest Breaking News from the Middle East

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 · Apr 14

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 · Apr 14

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 · Apr 14

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 · Apr 14

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 · Apr 14

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 · Apr 14

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

IN FULL

The Independent UK · Apr 14

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

The Guardian - UK · Apr 14

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.

AAP · Apr 14

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.

The Conversation · Apr 14