Keywords: Middle East
European markets surged Wednesday after reports of a US ceasefire proposal to Iran sparked hopes for de-escalation in the month-old Middle East conflict. The advance lifted travel and finance stocks while pushing oil below $100 a barrel. The STOXX 600 rose 1.3% to 586.73 points mid-morning in London,......
Turkey is acting as an intermediary between Iran and the United States, facilitating messages to promote de-escalation and direct negotiations, Harun Armagan, vice chair of foreign affairs for President Tayyip Erdogan's ruling party, told Reuters on Wednesday. While details of the communications......
Japanese Prime Minister Sanae Takaichi met with International Energy Agency (IEA) Executive Director Fatih Birol on Wednesday to request an additional coordinated release of oil stockpiles. The move aims to safeguard Japan against potential disruptions from the ongoing Middle East conflict. Japan had......
A Moroccan civilian working with the armed forces of the United Arab Emirates has been killed following a missile attack in Bahrain, according to an official statement from the Emirati Ministry of Defense. The incident, which highlights rising regional tensions, also left five other individuals injured.......
Oman’s foreign minister Badr al Busaidi has stated that Iran is not responsible for the conflict now entering its fourth week, in a rare public stance that underscores divisions within the Gulf and highlights Muscat’s continued role as a diplomatic intermediary. In a message posted on X,......
The global energy market is facing its most severe disruption in decades, with the International Energy Agency warning that the oil crisis triggered by the Iran conflict now surpasses the scale of the shocks seen in the 1970s. Nearly a month after hostilities began on February 28, the closure of the......
Business activity in the United States slowed significantly in March, reaching its lowest level in nearly a year, according to a recent survey by S&P Global. The decline comes amid rising geopolitical tensions linked to the conflict involving Iran, which has driven up energy costs. The report indicates......
Deutsche Lufthansa has extended the suspension of several routes to the Middle East as the conflict involving Iran enters its fourth week with no clear signs of de escalation. The airline said flights to Dubai and Tel Aviv will remain suspended until May 31, while services to Abu Dhabi, Beirut, and Tehran......
Economic activity across the eurozone slowed sharply in March, with private sector growth nearly stalling as rising energy costs and supply disruptions linked to the Middle East conflict weighed on demand and business confidence. Preliminary data from S and P Global showed the HCOB eurozone composite......
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