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The Latest Breaking News from the Middle East

How oil turned the motors of capitalism: a history

The vulnerability of the world economy to oil prices was painfully visible in the first half of 2026 following the US and Israel war against Iran. The power of this commodity to upend economies has been apparent before. In his recently published book Crude Capitalism: Oil, Corporate Power, and the…

The Conversation

India plans to cut reliance on Middle East oil, tap spot market after war shock

India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana,…

The Economic Times

Feliks the eagle is back home in Serbia after a kidnap ordeal in the Middle East

Feliks’ journey resembles a Hollywood movie script, with kidnappers, smugglers and clandestine border crossing

The Independent UK

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Sri Lanka reduces fuel prices after Middle East ceasefire

Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation. Sri Lanka, which buys in all of its oil and also relies on imported coal for power generation, has…

The Economic Times

Pragmatic diplomacy: Dawud Al Ansari says 'Oman is committed to de-escalation & peace in the region'

As French President Emmanuel Macron meets Sultan Haitham bin Tariq of Oman amid efforts to de-escalate tensions in the Middle East, François Picard welcomes Dawud Al Ansari, a geopolitics and energy analyst. As diplomacy in the Gulf is once again being tested by renewed military tensions, Al Ansari offers a…

France 24

Trump says Iran meeting to take place in Qatar

TEHRAN - US President Donald Trump said Iran has requested a meeting that will be held in Qatar on Tuesday, despite Tehran earlier denying that any technical talks on the deal aimed at ending the Middle East war were planned.

Bangkok Post

Expert Warns Crude Could CRASH Despite Middle East Tensions — Here's Why Petrol Prices May Plunge

Analysts predict oil prices may stabilise as supply improves and demand remains steady, despite ongoing tensions in the Middle East.

International Business Times UK

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US Stock Market: Wall Street eyes jobs data as rate hike bets and tech volatility intensify

Indian investors are keenly watching US jobs data this week for economic health and interest rate cues. Tech stocks, especially chipmakers, are under scrutiny amid valuation concerns. Strong hiring could mean higher rates for longer, impacting equities. Geopolitical events in the Middle East also remain a key focus, influencing oil…

The Economic Times

Despite its best efforts, Iran won’t be able to toll the Strait of Hormuz. Here’s why

Tensions have again escalated in the Middle East, with the United States and Iran trading strikes around the Strait of Hormuz.

The Conversation

Oil climbs following renewed US, Iran strikes in Middle East

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed…

The Economic Times

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices gain after renewed US-Iran strikes and Strait of Hormuz disruption

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices increased after renewed attacks involving the United States and Iran raised concerns over energy supplies through the Strait of Hormuz. Brent crude futures and US WTI crude moved higher…

The Economic Times

Asia's vendors grapple with rising costs of ever-present plastics

Rising plastic costs: Asian food vendors are struggling with soaring plastic costs, a direct consequence of the Middle East energy crisis. Despite a US-Iran deal, supply chain disruptions persist, particularly concerning the Strait of Hormuz. Vendors in Taipei and Bangkok report significant price hikes for essential items like bags and…

The Economic Times

Iran Strikes Again As Tensions Resurface In Middle East

Iran launched fresh strikes in the Strait of Hormuz on Saturday as tensions escalated again in the Middle East threatening a fragile ceasefire agreement reached between Washington and Tehran earlier this month.

International Business Times

Iran’s biggest battle starts now: What lies ahead in the 60-day ceasefire window

After months of war, crippling sanctions, a blockade in the Strait of Hormuz and repeated threats of escalation, the United States and Iran have digitally signed a memorandum of understanding (MoU) that has paused one of the Middle East’s most consequential conflicts in recent years.

The Times of India

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International Business Times

Iran Strikes Cargo Vessel in the Strait of Hormuz Putting Oil Trade on Edge

The vessel reported being struck by a projectile while sailing approximately 7.5 nautical miles southeast of the Omani port of Dahit, according to maritime security officials across the Middle East.

The Economic Times

Transrail Lighting Ltd secures overseas orders worth Rs 459 cr

Transrail Lighting Ltd has secured significant international orders totaling approximately Rs 459 crore, primarily for transmission line construction in the Middle East and North Africa. This boosts the company's total order inflow for the year to Rs 1,034 crore. Additionally, Transrail is the Lowest (L1) bidder for projects worth around…

Euronews

Podcast | From Nicosia to Dublin: Cyprus to pass the baton to Ireland

From the long-term EU budget to the conflict in the Middle East, what were the defining moments of Cyprus' presidency of the Council of the EU? And as Ireland takes over, what fresh ideas will it bring to the table?

The Economic Times

International visitors to Dubai to return ahead of hotel rate recovery

Dubai's tourism is bouncing back, with visitor numbers expected to recover before hotel rates. Accor, a major hospitality player, notes a long-term growth trend in the Middle East despite regional challenges. While demand is strengthening, pricing is anticipated to lag, with a full performance recovery projected by early 2027. The…

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Bangkok Post

SCG warns industrial costs may stay high amid war

Siam Cement Group (SCG), Thailand's largest cement producer and industrial conglomerate, has raised concerns that prolonged war in the Middle East could drive up global energy costs and disrupt raw material supplies, posing significant challenges to its operations.

Bangkok Post

BoT upgrades GDP growth forecast

The Bank of Thailand has upgraded its GDP growth forecast for 2026 to 2.3% from 1.5%, attributed to strong exports, government stimulus and easing geopolitical tensions in the Middle East.

The Guardian - UK

Qatar Airways puts Nations Championship sponsorship on hold due to fallout from war

Qatar Airways has put its £80m sponsorship of rugby union’s new Nations Championship on hold due fallout from the war in the Middle East

The Economic Times

Andy Burnham inches closer to power in Britain as Starmer seeks legacy

Andy Burnham is poised to become Britain's next prime minister unopposed as potential rival Darren Jones declared he won't run. Meanwhile, outgoing leader Keir Starmer, seeking to solidify his legacy, heads to Berlin for crucial talks on Ukraine and the Middle East. Burnham, a former Greater Manchester mayor, secured a…

Bangkok Post

Energy to pressure inflation in H2

SCB Economic Intelligence Center (EIC), a research centre under Siam Commercial Bank, expects energy costs will continue to propel inflation in the second half of the year even as the Middle East war shows signs of de-escalation.

Evening Standard

Bank rate-setter Taylor urges ‘extended hold’ for interest rates

However, he added that the Bank should look at possible cuts if the conflict in the Middle East calms and energy prices sink.

The Economic Times

Iran says won't allow UN inspectors at bombed nuclear sites

Iran declared UN nuclear watchdog inspections at bombed sites are off-limits, despite a US-Iran deal to end the Middle East war. Talks in Switzerland concluded with a 60-day roadmap for broader issues, including Iran's nuclear program and sanctions relief. Meanwhile, direct talks between Lebanon and Israel are set to begin…

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