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Manufacturers need help to cope with impact of prolonged Mideast conflict, says FMM

Its president, Jacob Lee says the crisis has moved beyond a cost problem and is inflicting lasting damage.

Tokyo stocks drop on heightened Mideast tensions, caution ahead of US CPI

TOKYO (Kyodo) -- Tokyo stocks fell Wednesday on renewed tensions in the Middle East, with the Nikkei stock index extending losses in the afternoon due

Tokyo stocks drop as fresh US strikes on Iran heighten Mideast tensions

TOKYO (Kyodo) -- Tokyo stocks fell Wednesday morning, amid heightened tensions in the Middle East as the U.S. military said it had made "self-defense"

Everybody Is a Loser in This Mideast War

None of the participants in the recent wars of the Middle East can claim victory. All are to blame.

ENERGY WATCH: Mideast flare-up

Are U.S. and Israel on the Same Page in Mideast Wars?

President Trump has voiced his frustration with Prime Minister Benjamin Netanyahu of Israel, but it is not clear how able he is to rein in Israeli military action.

'Stop the shooting': Trump as Mideast boils again

South Korea leads Asia stock rout on US rate fears, Mideast tensions

South Korea leads Asia stocks rout on US rate fears, Mideast tensions

ECB to hike rates as Mideast war pushes up inflation

Consumer price rises in the 21 countries that use the euro accelerated to 3.2% in May, above the ECB’s two-percent target.

Israel says it has struck Iran after taking fire

DUBAI: Israel launched airstrikes early Monday targeting central and western Iran in response to missile fire from Tehran, attacks that threatened to drag the wider Middle East back into a regional war.Iranian state television reported the sound of explosions being heard in Isfahan, Karaj, Tabriz and Tehran, without immediately elaborating. A witness in Tehran described hearing at least one large blast somewhere to the west of the country's capital city. Iran closed the airspace around Tehran's Imam Khomeini International Airport, the country's main airfield, after the Israeli attack.Iranian officials offered no details on what had been struck, nor any damage information. Iran's paramilitary Revolutionary Guard said that Israel used air-launched ballistic missiles in its attack Monday morning, without elaborating.The Israeli military at dawn in Iran issued a short statement as the strikes started: "A short while ago, the Israeli Air Force struck military targets belonging to the Iranian terror regime in western and central Iran." It did not elaborate.Also read | Iran launches missiles at Israel for first time since Mideast truceThe White House did not respond to messages about the strikes and whether they were done in coordination with the U.S.For days, negotiations between Iran and the United States over the fragile ceasefire in the war had been stalled by the fighting between Israel and the Lebanese Shiite militia Hezbollah. Israel now occupies southern Lebanon and had moved into areas of the country it hadn't held in a quarter century - leading to fears about them further widening their campaign.On Sunday, Israel launched airstrikes in Beirut's southern suburbs. Iran retaliated with its own strike on Israel, which led to Monday morning's attack by Israel on Iran.U.S. President Donald Trump earlier told a Fox News Channel reporter that he wanted the Iranians to stop firing missiles and return to the negotiating table. He also said that Israel's strikes in Lebanon earlier Sunday were not coordinated with the U.S. and "I'm not happy about it."Also read | War, debt and cuts: The price of Israel's security pushA senior U.S. official said Trump had called Netanyahu to urge him not to retaliate immediately for the Iranian missile attack. The official, who spoke on condition of anonymity to describe a private phone call, said that Trump believed he had convinced Netanyahu to wait.Trump "got Bibi to hold off for the time being," the official said. The official would not offer any other details of the call, and there was no immediate comment from Netanyahu's office.

South Korea and Japan stocks plunge on US rate hike fears, Mideast tensions

Israel says Iran launched missiles in 1st bombardment since fragile ceasefire

Iran had warned that an attack on Beirut would renew full-scale war across the Mideast, even as Pakistan and other mediators try to restart talks between Tehran and Washington.

Iran launches missiles at Israel for first time since Mideast truce

Air raid sirens sounded in Israel on Sunday as its military worked to intercept barrages of incoming Iranian missiles for the first time since an April ceasefire took hold in the Middle East war. The post Iran launches missiles at Israel for first time since Mideast truce appeared first on Vanguard News.

OPEC+ increases production quotas for July

Vienna, OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war.Jorge Leon, analyst at Rystad Energy, said ahead of the expected increase that it "means very little while the Strait of Hormuz remains closed".He added: "The market is not short of quota announcements; it is short of physical barrels that can actually move. In that sense, the 188,000 barrels per day increase would be more of a policy signal than a real supply boost."The hiked production output was agreed Sunday in a video meeting of oil ministers from key OPEC+ countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, a statement from the organisation said.The increase was similar to ones decided in previous months.The OPEC+ statement said the latest agreed hike was "to support oil market stability" but that the seven countries also saw an opportunity "to accelerate their compensation" in a time of historically high oil prices.It added that the ministers "reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments, including reversing the previously implemented voluntary adjustments announced in November 2023".Leon, at Rystad Energy, said that OPEC+ was wary in case the Mideast war changes, and Iran's stranglehold on the Strait of Hormuz eases."When the Strait of Hormuz reopens, the market could move very quickly from fear of shortage to fear of surplus," he said."Returning OPEC+ supply, a stronger US shale response and weaker demand after a period of very high prices could leave the market with a very large oversupply problem," he said.

Oil dips, equities diverge on Mideast, AI trades

Attention turns later to official US jobs data following forecast-topping private figures indicating that the world's biggest economy remained healthy.

Predicted global hunger crisis becoming a reality as Mideast war drags on, UN warns

Predictions that the Middle East war could drive tens of millions more people into acute hunger are proving to be accurate, the United Nations said Friday, warning that higher fuel and food costs linked to the conflict are deepening food insecurity far beyond the region.

Iran leader says dealt enemies 'decisive blow' in Mideast war

Weeks of talks between the US and Iran have failed to secure a deal to end the war and reopen the Strait of Hormuz.

Tokyo stocks fall back on Mideast tensions, rise in crude oil prices

TOKYO (Kyodo) -- Tokyo stocks fell Thursday, with the Nikkei stock index briefly losing more than 2 percent and giving up much of the previous day's g

Lower House set to pass ¥3.11 trillion extra budget to ease Mideast war impacts

The budget will create a new reserve fund to respond to developments in the conflict while aiding impacted energy users and replenishing the existing reserve fund.