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The Latest Breaking News from the Middle East

Albanese says Australia will not participate in ICJ case against Israel and instead focus on ‘political solution’

Prime minister suggests court cases won’t bring peace between Israel and Palestine, as Penny Wong sets off for a trip to the Middle East

The Guardian - AU

Oil prices rise as market focuses on Mideast events

Oil prices tick higher as market participants monitor events in the Middle East. Investors remain cautious amid geopolitical tensions.

Top News

War of words over foreign minister's Middle East trip

Jewish groups are calling for the foreign minister to visit the site of a massacre while Palestinians want Penny Wong to take a stronger stance against Israel.

AAP

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Red Sea threat lays bare economic risks ahead of US and UK elections

Panic is confined to media headlines for now but Britain is as addicted as ever to Asian imports

The Guardian - UK

Melbourne march to mark 100 days of war in Middle East

Palestinian supporters in Melbourne have staged a rally to commemorate 100 days of war in the Middle East.

AAP

U.S.-led strikes on Houthi-controlled areas escalate tensions in Yemen

Learn about the recent U.S.-led military strikes on Houthi-controlled areas of Yemen and the potential implications for the ongoing war in the Middle East.

Top News

How Houthi anger with Israel is reshaping the Middle East conflict

Attacks on Yemen by the UK and the US have fuelled tensions in a region riven by conflict and violence

The Guardian - UK

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The US isn’t the biggest power in the Middle East any more. Iran is

With China and Russia as its allies, the authoritarian regime is assembling a Middle Eastern coalition as Washington’s influence wanes

The Guardian - UK

Ruptured supply chains, rising oil prices, and resurgent inflation. The Red Sea crisis is rekindling memories of the Ukraine War—but this time could be different

When it comes to longer term economic impacts of the Red Sea crisis: The "most honest answer" experts can give is "I have no idea” at this point, Unlimited's Bob Elliott told Fortune.

Fortune

Hundreds rally at Newcastle in support of Palestine to denounce Israeli 'genocide'

'Look in the mirror and ask, 'Where was I when Gaza was going through genocide''.

Newcastle Herald

AP PHOTOS: 100 days of agony in a war unlike any seen in the Middle East

Photographs of a war unlike any seen in the Middle East have captured 100 days of agony.

The Independent UK

Middle East tense as US, UK launch airstrikes on Houthi rebels

Discover the latest developments in the Middle East as the U.S. and U.K. conduct airstrikes on Iran-backed Houthi rebels, targeting Houthi strongholds in Y...

Top News

Dollar Recovers on Safe Haven Demand from Geopolitical Risks in the Middle East

The dollar index (DXY00 ) on Friday rose by +0.11%. The dollar on Friday recovered from early losses and posted modest gains on increased safe-haven demand after Reuters reported that a senior U.S. official said it expects some sort of retaliation from the Houthis for Thursday’s air attacks on Houthi...

Barchart

Crude Prices Settle Higher on Heightened Geopolitical Risks in the Middle East

February WTI crude oil (CLG24 ) on Friday closed up +0.66 (+0.92%), and Feb RBOB gasoline (RBG24 ) closed up +0.60 (+0.28%). Crude oil and gasoline prices Friday climbed to 2-week highs and settled moderately higher. Crude prices rose on an escalation of geopolitical risks in the Middle East after...

Barchart

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Reason

The War on Terror Zombie Army Has Assembled

All of the unfinished U.S. conflicts in the Middle East are coming together into one big crisis for Biden.

France 24

Global risks for 2024: Eurasia Group warns of 'Voldemort of years'

The world is entering the "Voldemort of years", according to political risk consultancy Eurasia Group. In its annual report released this week, "Top Risks for 2024," it says the US presidential election will pose the greatest political risk to the world in 2024, no matter who wins. The Eurasia Group…

Al Jazeera

Oil prices steady despite Middle East tensions, but risks are rising

Despite diverting supplies from the Suez Canal, tensions in the Red Sea have so far had a muted impact on energy prices.

Radio France Internationale

France blames Houthis for escalation of war, defends Red Sea operations

France has blamed Iran-backed Houthis for an escalation in the Middle East after US and British strikes targeted them in Yemen on Friday. The French navy, meanwhile, has defended its use of expensive missiles to down Houthi drones used to attack shipping lanes in the Red Sea.

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Barchart

Crude Prices Rally on Geopolitical Risks as U.S. Strikes Houthi Targets in Yemen

February WTI crude oil (CLG24 ) this morning is up +1.10 (+1.53%), and Feb RBOB gasoline (RBG24 ) is up +1.83 (+0.87%). Crude oil and gasoline prices this morning rallied to 2-week highs on an escalation of geopolitical risks in the Middle East after the U.S. and its allies launched...

Top News

Hezbollah targets northern Israel, IDF considers offensive action

Learn about the current situation in the Middle East with attacks from Hezbollah and the Islamic resistance in Iraq. Explore the viewpoints on potential ac...

France 24

Oil prices rise on fears of wider regional conflict after strikes on Houthi targets

Oil prices jumped over 2 percent after the US and UK carried out strikes on Houthi-controlled areas in Yemen, amid fears of an escalation of the conflict in the Middle East. Major shipping companies stopped travelling through the Suez Canal and Red Sea routes in early December after a spate…

Top News

Trump's New York civil fraud trial ends with fiery courtroom exchange

Breaking news from the Middle East as the US strikes Iranian-backed targets in Yemen. President Biden's response to Houthi attacks on ships in the Red Sea....

Top News

Iran seizes tanker, proxy attacks on U.S. troops alarm Pentagon

Get the latest updates on the escalating tensions in the Middle East as Iran seizes control of a tanker and Iranian-backed groups launch attacks on US troops.

Barchart

Crude Prices Post Moderate Gains as Geopolitical Risks Rise in the Middle East

February WTI crude oil (CLG24 ) on Thursday closed up +0.65 (+0.91%), and Feb RBOB gasoline (RBG24 ) closed up +4.70 (+2.27%). Crude oil and gasoline prices Thursday settled moderately higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf...

Barchart

Crude Prices Jump After Iran Seizes an Oil Tanker in Gulf of Oman

February WTI crude oil (CLG24) this morning is up +1.96 (+2.75%), and Feb RBOB gasoline (RBG24) is up +5.98 (+2.89%). Crude oil and gasoline prices this morning are sharply higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf of...

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