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The Latest Breaking News from Middle East

Crude Prices Sharply Lower on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23 ) on Monday closed down -2.59 (-2.94%), and Dec RBOB gasoline (RBZ23 ) closed down -4.22 (-1.79%). Nov WTI crude oil and gasoline prices on Monday closed sharply lower as geopolitical risks in the Middle East eased. Diplomatic efforts to release hostages taken by Hamas...

Barchart

Crude Prices Retreat on Possible Delay of Israeli Ground Invasion of Gaza

December WTI crude oil (CLZ23) this morning is down -1.48 (-1.68%), and Dec RBOB gasoline (RBZ23) closed down -2.46 (-1.05%). Nov WTI crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure today on an easing of Middle East geopolitical risks as diplomatic efforts to...

Barchart

Western leaders hold video conference amid fears Israel-Hamas conflict will engulf Middle East

Leaders of France, Canada, Germany, Italy, Britain and the United States have underscored their support for Israel and its right to defend itself during a video conference, but also urged it to adhere to international humanitarian law and protect civilians.

Radio France Internationale

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Energy price fears ease on Middle East diplomacy hopes

GOLD and oil prices dipped today as investors eyed strong looking US economic data after a weekend that offered some relief about the state of the disaster in Gaza.

Evening Standard

Defense Stocks Like Lockheed Martin Have Jumped - Is It Too Late to Get In?

Lockheed Martin is up over 12% to $444.17 on Oct. 20 from an Oct. 5 low of $395.54 based on Middle East war prospects. Investors may think it's too late to get in, but LMT stock still looks cheap.

Barchart

Egypt peace summit seeks to foster unity on Gaza conflict

Leaders and officials from more than a dozen countries gathered in the Egyptian capital, Cairo, Saturday for a hastily arranged summit aimed at producing a roadmap for humanitarian relief in the Gaza Strip and reviving hopes of Israeli-Palestinian peace.

Radio France Internationale

‘A miracle’: Ex-NBC journalist family members captured by Hamas released

Martin Fletcher, who has previously worked as the network’s Middle East correspondent, said he had ‘just found out today’ that his relatives had been captured

The Independent UK

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Rafah border crossing to reopen ‘imminently’ as Sunak meets Middle East leaders

The Prime Minister says the ‘immediate priority’ is to get humanitarian aid to the people of Gaza

Evening Standard

3 Energy Stocks Leading the Industry

Amid the volatile Middle East scenario, the oil market teeters on the precipice of price surges. Given this backdrop, it could be wise to invest in leading energy stocks Weatherford International (WFRD), Valero Energy (VLO), and Cheniere Energy (LNG) at present. Read more….

StockNews.com

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

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

In Israel-Hamas war, there’s growing talk of a potential impact on oil prices

Human life and destruction are top concerns. But a possible rise in oil prices could affect world economics and politics, especially the re-election prospects of President Joe Biden.

Chicago Sun-Times

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

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The Independent UK

Rishi Sunak steps up diplomatic campaign to avoid wider Middle East war

The Prime Minister will meet regional leaders in Egypt on Friday as he seeks to prevent the Israel-Hamas conflict escalating.

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

Sunak in push to avoid Israel-Hamas conflict leading to wider Middle East war

Prime Minister Rishi Sunak encouraged Saudi Arabia to use its influence in the region to support stability.

The Guardian - AU

Morning Mail: Labor fast-tracks anti-racism strategy, renewables need ‘drastic’ boost, Gaza ground invasion fears

Government ‘very concerned’ by polarising referendum and Middle East tensions, and centre-right thinktank wrongfoots Coalition on energy

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Barchart

Crude Rises as Middle Eastern Geopolitical Risks Outweigh Venezuelan Oil Exports

November WTI crude oil (CLX23 ) on Thursday closed up +1.05 (+1.19%), and Nov RBOB gasoline (RBX23 ) closed up +0.82 (+0.35%). Nov WTI crude oil and gasoline prices on Thursday settled moderately higher, with gasoline posting a 2-week high. A weaker dollar Thursday was supportive of energy prices. Crude...

The Independent UK

Sunak pleads for Middle East stability as Israel wages ‘long war’ with Hamas

Rishi Sunak said he wanted Israel to win its war with the Gaza-based group but called for regional powers to avoid the conflict spilling over.

The Independent UK

Sunak arrives in Saudi Arabia after Israel tells UK to brace for ‘long war’

He is set to meet with Saudi leader, Crown Prince Mohammed bin Salman, during the second stop on his Middle East tour.

Barchart

Crude Slightly Higher on Geopolitical Risks in the Middle East

November WTI crude oil (CLX23 ) this morning is up +0.08 (+0.09%), and Nov RBOB gasoline (RBX23 ) is up +0.55 (+0.23%). Nov WTI crude oil and gasoline prices this morning are slightly higher, with gasoline posting a 2-week high. A weaker dollar today is supportive of energy prices. Crude...

WEKU

Lots of U.S. presidents have pushed for Middle East peace. Progress has been elusive

President Biden is the latest in a long line of presidents to place himself in the middle of a Middle East conflict. U.S. efforts have seen failed starts, wrong turns and dead ends, but some progress.

Zenger

U.S. Stocks Slip On Uncertainty Over Rates And Inflation

Mixed earnings, Middle East tensions, and House Speaker election stalemate add to market challenges.

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.

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