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The Latest Breaking News from the Middle East

Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices

The Independent UK

Trita Parsi: Is De-escalation Feasible in the Middle East?

Parsi, from the Quincy Institute for Responsible Statecraft, talks with Zach and Liz about the Israel-Hamas war.

Reason

Pentagon says it shot down Yemen missiles that may have been headed towards Israel

The Pentagon said its forces in the Middle East were seeing an 'uptick' in drone activity at a time when the U.S. is on high alert for signs the Israel-Hamas conflict could escalate across the region.

WEKU

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Crude Extends Gains on Geopolitical Risks in the Middle East

November WTI crude oil (CLX23 ) this morning is up +0.78 (+0.87%), and Nov RBOB gasoline (RBX23 ) is up +2.59 (+1.10%). Nov WTI crude oil and gasoline prices this morning extended this week's rally and posted 2-week highs. A weaker dollar today is supporting energy prices. Also, a ratcheting...

Barchart

The divisions exposed in Britain by the conflict in the Middle East

Much of the reaction in Britain to a crisis that has yet to acquire a specific designation, has concentrated on words used, and not used – their significance amplified by what their use, or non-use, may be held to mean.

The Conversation

Is the VIX Still Too Low?

On October 20, 2023, the VIX index was below 20. While the VIX has risen from below 13 since September 2023, the volatility measure could be far too low considering the issues facing the U.S. stock market and markets across all asset classes.

Barchart

Why oil prices are rising amid the Israel-Hamas war

To date oil and gas flows from the Middle East remain fairly unaffected – but there are concerns about escalation

The Guardian - UK

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Iranian official in UK warns of danger of Israel-Hamas escalation

Chargé d’affaires at embassy says situation is very volatile and Iran has no control over ‘resistance forces’

The Guardian - UK

No matter how serious the issue, nuance becomes a thought crime for the Coalition’s court jesters

Bridget Archer was cast as an apologist for child sexual abusers, while horrors in the Middle East prompted absurd claims

The Guardian - AU

Markets Today: Stocks Fall as Middle East Tensions Ratchet Higher

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.38%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.45%, both at 2-week lows. Stock index futures this morning are moderately lower on concern the conflict between Israel and Hamas may widen to a regional conflict....

Barchart

Middle East Roundup: ‘Where our love grew’ – love and loss in Gaza

Israeli offensive on Gaza approaches two weeks as the region teeters on a knife’s edge–here’s the Middle East this week.

Al Jazeera

Stock Index Futures Drop as Investors Weigh Powell’s Remarks, Geopolitical Risks

December S&P 500 futures (ESZ23) are down -0.25%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.32% this morning as investors digested Federal Reserve Chair Jerome Powell’s remarks while heightened geopolitical risks stemming from the Middle East continued to weigh on sentiment.

Barchart

Israel-Hamas conflict: How high could oil prices go in worst-case war scenario?

War in the Middle East could cause the oil price to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.

The Times of India

Slovenia to introduce border checks with Hungary and Croatia after Italy did the same with Slovenia

Slovenia says it will introduce border checks with neighboring Hungary and Croatia following Italy’s decision to do the same with Slovenia because of security concerns due to violence in the Middle East

The Independent UK

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AAP

APL chief executive Townsend departs for Middle East

Chief executive Danny Townsend, who sold the A-Leagues grand finals to NSW, has departed for a job in the Middle East.

AAP

Aust shares drop again as yields rise, tensions soar

The local share market lost 1.2 per cent on the day and 2.1 per cent for the week on rising US bond yields and broader fighting in the Middle East.

The Independent UK

What the papers say – October 20

The conflict in the Middle East features across the papers in the UK.

The Independent UK

Consumer confidence plunges in run-up to festive season

GfK said accelerating costs of energy, fuel and mortgages combined with uncertainty in the Middle East is behind the fall.

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France 24

'Russia benefits from the war in the Middle East': Ukraine's FM Kuleba

Amid the ongoing war between Israel and Hamas, Ukraine's Foreign Minister Dmytro Kuleba told FRANCE 24's Marc Perelman that "Russia benefits from the war in the Middle East". However, he said that Ukraine's partners were "confident" that "politically", the Israel-Hamas conflict "should not overshadow what is happening in Ukraine". He…

The National (Scotland)

Rishi Sunak holds joint press conference with Benjamin Netanyahu in Israel

THE Prime Minister has warned the war between Israel and Hamas must not “escalate” across the Middle East as he toured the region to meet with…

The Guardian - US

Biden’s Israel trip reflects a deeply flawed and hypocritical foreign policy

The Biden administration also bears a wider responsibility for the deterioration in Gaza and the extinguishing of Palestinian political aspirations

Evening Standard

OPINION - Ground invasion may set the Middle East alight

Israel risks making the same mistakes the US did after the 9/11 attacks, writes Sky News International Correspondent Alex Rossi

The Independent UK

Terror attacks on Israel ‘seen as cause for celebration’ government’s extremism adviser warns

Robin Simcox, the commissioner for countering extremism, will say that government must have confidence ‘taking on extreme ideologies’

The Independent UK

PM arrives in Israel to ‘express solidarity’ over October 7 Hamas attacks

In a meeting with President Isaac Herzog, Rishi Sunak said he has ‘not just a right’ but a ‘duty’ to restore security to the country.

The Guardian - UK

UK’s FTSE 250 index hits one-year low; crypto firms Gemini, Genesis and DCG sued – business live

Three crypto groups are being sued by New York for allegedly defrauding investors of $1.1bn, while financial markets remain on edge

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