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The Latest Breaking News from the Middle East

Why peace may not be the solution in the Israel-Iran conflict

ANALYSIS: As Europe tries to hammer out a deal in the Middle East, Donald Trump has given himself time to work out what to do – but peace may not be in everyone’s interest, writes world affairs editor Sam Kiley from Tel Aviv

The Independent UK

Wall Street reports 65% chance that U.S. will intervene in Iran. Goldman Sachs says OPEC will be key buffer in oil volatility

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there’s a 50% chance of a deal being reached this year.

Fortune

America made a catastrophic mistake with the Iraq war. Is it about to repeat it in Iran?

If the United States joins Israel’s fight to try to finish Israel’s job, it will enter into a war of unknowable scope against a country of 90 million people

The Guardian - US

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Lottie Tomlinson discharged from Abu Dhabi hospital after appendicitis scare

Lottie Tomlinson has been released from hospital in Abu Dhabi after falling ill with appendicitis while flying out to the Middle East with her family.

BANG Premier

David Lammy arrives in Geneva to meet Iran’s foreign minister for peace push

The Foreign Secretary is meeting Abbas Araghchi on Friday alongside counterparts from France, Germany and the EU, as the US backs away from conflict.

Evening Standard

Afternoon Update: ADF deployed for Middle East evacuations; vandals cut Sydney train cable; and how Australia influenced a video game

Penny Wong confirms defence force troops have been deployed to the Middle East to assist in evacuating Australians

The Guardian - AU

CNN data analyst says Americans agree with Trump on keeping Iran nuke free: A lot more popular than ‘would think’

Just under 80 percent of US adults surveyed by the broadcaster in April – some two months before the latest escalations in the Middle East – agreed with the president

The Independent UK

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MAGA Bros Against World War III

Independent media is where regime-change apologia goes to die.

Reason

Nuclear non-proliferation is a failure in the Middle East

Letters: Unless Israel is open about its nuclear weapons and joins the non-proliferation treaty, Iran will one day have the bomb, writes Corrado Pirzio-Biroli. Plus, letters by Hubert Cassel, Dr Anthony Isaacs and Randhir Singh Bains

The Guardian - UK

Voices: Can Starmer afford to join Trump in an open-ended war?

COMMENT: The longer the US president takes making up his mind about whether to launch military strikes on Iran’s nuclear facilities and back regime change, the more time the prime minister has to decide whether to support our closest ally – and how, says Mary Dejevsky

The Independent UK

Bank’s rate decision leaves frustrated Reeves praying for an August cut

Lower interest rates will be a lever for growth but the Middle East conflict and rising food prices will have troubled MPC

The Guardian - UK

Asian shares decline after mixed Wall Street finish and tensions simmer in the Middle East

Asian shares have retreated across the region as worries persist about conflict in the Middle East

The Independent UK

Europe must stand without the US – but the latest war in the Middle East shows it has no idea how

If Europe was not so in hock to Washington, it would sanction Israel over Gaza and condemn its unilateral attack on Iran, says Guardian Europe columnist Nathalie Tocci

The Guardian - UK

The Australia-US alliance is facing a decisive test, and not just over the Middle East

The question of Australia joining the US in a conflict with China over Taiwan looms over the debate about our military preparedness and defence spending

The Guardian - AU

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Barchart

Dollar Rebounds on Hawkish Powell

The dollar index (DXY00 ) Wednesday recovered from early losses and rose by +0.09%. The dollar moved higher Wednesday afternoon due to hawkish comments from Fed Chair Powell, who said, “We expect a meaningful amount of inflation in the coming months.” Mr. Powell’s comments signal the Fed is not close...

The Independent UK

Meet General ‘Gorilla’: Iran hawk has become Hegseth’s go-to adviser as US involvement in Middle East crisis intensifies

‘He’s got the look of the general that both Hegseth and Trump are looking for,’ one former official said

The National (Scotland)

Keir Starmer to chair emergency Cobra meeting on Middle East

Sir Keir Starmer will chair a meeting of the emergency Cobra committee to discuss the security situation in the Middle East later today

Evening Standard

Iran and Israel conflict explained: What is going on and could the UK get involved?

The Standard takes an in depth look at what is happening between Israel and Iran

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International Business Times

Iran-Israel War: Latest Developments

Israel and Iran exchanged fire again on Wednesday, the sixth day of strikes in their most intense confrontation in history, fuelling fears of a drawn-out conflict that could engulf the Middle East.

The Guardian - UK

UK would have to sign off on US use of Diego Garcia base for raid on Iran

UK continues to urge de-escalation as concerns grow about possible US intervention in the Middle East

The Independent UK

By dragging the US into Iran, Trump risks giving Tehran the final showdown it wants

ANALYSIS: Iran’s Islamic Revolutionary Guard Corps are experts at insurgency and may relish the prospect of conflict, says world affairs editor Sam Kiley

The Conversation

The commitment trap: How Israel, Iran and the US risk becoming prisoners to policies

The latest escalation in the Middle East is in many ways the inevitable culmination of a long-simmering rivalry. Iran’s pursuit of nuclear weapons capability and Israel’s determination to stop that from happening meant that such an outcome was always in the cards.

The Independent UK

Photos show efforts to evacuate foreigners from the Israel-Iran conflict

The Iran-Israel conflict has shuttered airspace across the Middle East as the two bitter enemies launch attacks and reprisals at one another. The worsening security situation has seen foreigners scramble to evacuate. But it’s a tough task with so much travel disruption in the region. Some governments are using Iran’s…

The National (Scotland)

Angela Rayner refuses to rule out following US into war on Iran

Deputy Prime Minister Angela Rayner has not ruled out following the US into war in the Middle East

The Conversation

Politics with Michelle Grattan: an ‘impatient’ Jim Chalmers on taking political risks in Labor’s second term

While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity.

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