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The Latest Breaking News from Middle East

Crude Oil Prices End Sharply Lower as Middle East Conflict Remains Limited So Far

December WTI crude oil (CLZ23 ) on Monday closed down -3.23 (-3.78%), and Dec RBOB gasoline (RBZ23 ) closed down -7.84 (-3.42%). Crude oil prices on Monday sold off sharply, with crude posting a 4-week nearest-futures low as Israel's ground incursion into Gaza has so far been less extensive than...

Barchart

What is a Cobra meeting? Emergency talks called to discuss UK racism riots

The meeting follows the PM’s promise that ‘the full force of the law’ will be brought to bear on those who commit public order offences

Evening Standard

Crude Oil Prices Tumble as Middle East Conflict Remains Limited

December WTI crude oil (CLZ23 ) this morning is down -2.91 (-3.40%), and Dec RBOB gasoline (RBZ23 ) is down -7.06 (-3.08%). Crude oil prices this morning are sharply lower Friday as Israel's ground incursion into Gaza has so far been less extensive than expected, easing concerns that the Israeli-Hamas...

Barchart

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London's plea for unity: Tory and Labour voices unite to call for tolerance over Middle East conflict

London must remain a beacon of tolerance, ministers and the Mayor said on Monday amid warnings that Jewish people have been too afraid to enter the centre of the capital during pro-Palestinian protests.

Evening Standard

Letter: bullets and bombs won’t bring stability to the Middle East

Unimaginable suffering has already been inflicted on both sides in the Israel-Hamas war

The Guardian - UK

David Pratt: US policy in Middle East is moving in a dangerous direction

IT was late Friday when Israeli forces expanded their ground offensive in Gaza.

The National (Scotland)

Better call Saul off, but isn’t this opera exactly why trigger warnings were invented?

A student production of Handel’s work about the Israelite king has been cancelled in case of parallels with Middle East war

The Guardian - UK

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Turkey under fire after declaring Hamas a 'liberation' group

Turkish President Recep Tayyip Erdogan is on a collision course with its Western and Middle Eastern allies after vigorously defending Hamas, declaring it to be a "liberation movement" rather than a terrorist organisation. The statement also appears to have ended more than a year of rapprochement efforts with Israel.

Radio France Internationale

Will the Israel-Hamas war upend China’s Middle East ambitions?

The war threatens to thwart Beijing’s hopes of emerging as a key mediator and alternative to the US in the region.

Al Jazeera

Dollar Undercut by Lower T-note Yield While Gold Sees Support from Middle East Tensions

The dollar index (DXY00 ) Friday fell slightly by -0.04%. Meanwhile, EUR/USD (^EURUSD ) rose by +0.04%, and USD/JPY (^USDJPY ) fell by -0.55%. The dollar fell Friday due to the small -0.8 bp decline in the 10-year T-note yield, which undercut the dollar’s interest rate differentials. The dollar also...

Barchart

Crude Oil Prices Rally on U.S. Air Strikes and Stepped-Up Israeli Ground Activity

December WTI crude oil (CLZ23 ) Friday closed +2.33 (+2.80%), and Dec RBOB gasoline (RBZ23 ) closed +5.81 (+2.60%). Crude oil prices Friday rallied on Middle East tensions after the U.S. overnight carried out aircraft strikes on two Iranian-backed facilities in Syria. The U.S. strikes were in response to attacks...

Barchart

Crude Oil Prices Rally on Weaker Dollar and U.S. Air Strikes

December WTI crude oil (CLZ23 ) today are up +0.72 (+0.87%), and Dec RBOB gasoline (RBZ23 ) is up +0.0259 (+1.16%). Crude oil prices are higher today on a mildly lower dollar and Middle East tensions after the U.S. overnight carried out aircraft strikes on two Iranian-backed facilities in Syria....

Barchart

EU strives to keep focus on Ukraine amid Middle East turmoil

EU leaders meeting in Brussels Friday discussed bolstering support for Ukraine, as they strived to focus on helping that country against Russia's invasion even as Middle East turmoil steals global attention.

Radio France Internationale

UK ministers continue to resist calls for ceasefire in Middle East

Minister Gillian Keegan said the Government would not want to ‘cross that line of telling Israel it has anything but the right to defend itself’.

The Independent UK

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Radio France Internationale

US strikes Syria amid growing fears that Israel-Hamas war will spread

Two US fighter jets have struck weapons and ammunition facilities in Syria in retaliation for attacks on US forces by Iranian-backed militia as concerns are growing that the Israel-Hamas conflict may spread in the Middle East.

AAP

Security fears over impact of possible Gaza invasion

There are concerns within the government that a possible ground invasion of Gaza could heighten tensions in Australia.

The Guardian - UK

EU leaders reach agreement on Middle East – as it happened

This blog has now closed. You can read our full report on the EU summit here

France 24

Israel-Hamas war: Is a wider, regional conflict on the horizon?

Even before the unprecedented Hamas attack on Israel, fears of another major conflict between Israelis and Palestinians had been brewing for years. The deadly October 7 assault on southern Israel made those fears a reality. Many are now concerned an Israeli ground invasion of Gaza could turn the war into…

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The Conversation

Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The Guardian - US

The US has deployed troops in the Middle East. Can it avoid a ‘commitment trap’?

With the stability of the region at risk, and Joe Biden pledging support to Israel multiple times, preventing a mission creep or a full-blown intervention may not be easy

Barchart

From Conflict to Profit: Which Industry Will Benefit the Most From the Israel-Hamas War?

Rising interest rates, geopolitical turmoil, a hawkish Fed, and the highest uncertainty in years have investors scrambling for safety. Wars in Ukraine and the Middle East and a bifurcation of the world’s nuclear powers suggest that worldwide defense spending will rise, making the sector a haven for investors looking for…

The Conversation

Israel-Hamas war: six key moments for the Gaza Strip

Once again, the Gaza Strip is at the epicentre of violence in the Middle East. This tiny 41km-by-13km band of territory on the Mediterranean, sandwiched between the often hostile neighbours of Israel and Egypt, has faced repeated rounds of violence in recent history – but the current war is the…

Roll Call

Senate Foreign Relations approves Lew to be Israel envoy - Roll Call

Senate Foreign Relations Committee backs Jacob J. Lew to be ambassador to Israel at a crucial time for Middle East policy.

The Guardian - UK

Despite their rhetoric, neither Iran nor Hezbollah want an escalation of war in the Middle East. Here’s why

A Lebanese front is unlikely: it wouldn’t be in Iran’s interests, as it would probably spark US intervention, says Lina Khatib, director of the Soas Middle East Institute

The Guardian - AU

Australia sends aircraft and troops to Middle East in case ‘this gets worse’

Contingency force on standby if Australians in region need to be flown to safety, Richard Marles says

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