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The Latest Breaking News from Middle East

Israel continues strikes on Lebanon ahead of anticipated US-Iran framework deal

While violence has declined in Lebanon since a US-Iran agreement to end the Middle East war was announced on Monday, Israeli strikes on the south have killed at least five people since the deal, according to Lebanese state media.

Euronews

US retail sales beat expectations in May as energy costs stay high

US retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent increase in spending at gas stations. This surge, fueled by elevated energy costs due to the Middle East war, indicates robust consumer spending despite inflation pressures.

The Economic Times

BMW warns of ‘significant’ profit decline as shares fall 7%

The German luxury carmaker lowered its profit outlook for 2026 as sales slump in China and the conflict in the Middle East weighs on energy prices and consumer confidence.

Euronews

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Japan's Nikkei closes at record high near 70,000 on AI boost

Japan's Nikkei share index hit a new record high for the third day running on Wednesday. The index closed just below the 70,000 mark. Easing Middle East conflict worries and strong buying in AI stocks boosted the market. Investors are also awaiting the US Federal Reserve's policy decision. Oil prices…

The Economic Times

IHCL's domestic hotel demand strong even as Middle East crisis drags on Dubai business: Puneet Chhatwal

Indian Hotels Company Limited anticipates a year-long recovery for its Dubai hotels due to the Middle East crisis, though domestic business remains robust. Despite this, the company is on track for 12-14% topline growth, driven by its expanding capital-light management fee business and a strong pipeline of new hotel openings…

The Economic Times

Australia relaxes Gulf travel advice in boost for Middle Eastern airlines

Australians can now travel to the UAE, Qatar, Bahrain, Israel, and Kuwait. The government has eased travel warnings for these nations. This change follows a deal between the US and Iran. Gulf airlines are expected to benefit. Airfares may also see adjustments. Travelers can now secure insurance for these routes.

The Economic Times

IEA sees gradual Hormuz recovery tipping into significant 2027 surplus

The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the…

The Economic Times

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Oil prices fall after peace deal signed – as it happened

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The Guardian - UK

Iran and US Chose to Sign Landmark Peace Deal in Geneva: What Other Treaties Have Been Inked There as Well?

Geneva is set to host a US-Iran memorandum of understanding, continuing its legacy as a neutral ground for significant global agreements, including the Geneva Conventions and Middle East peace pacts.

International Business Times UK

Trump and Iranian President sign US-Iran agreement, US official says

US President Donald Trump has signed a deal with Iran to end the Middle East war, a US official told AFP on Wednesday after Axios reported that the signing took place during a dinner with France's president. Iran's Foreign Ministry's spokesman also confirmed it had signed deal with US. Read…

France 24

FED:Mideast deal gives travel firm an 'earnings tailwind'

A government decision to raise travel advice for the Middle East could provide a tailwind for a major travel company, after it downgraded its 2025/56 earnings.

AAP

Mideast deal gives travel firm an 'earnings tailwind'

A government decision to raise travel advice for the Middle East could provide a tailwind for a major travel company, after it downgraded its 2025/26 earnings.

AAP

The New Crude Rush: Oil Executives Gamble on Venezuela to Bypass Middle East Chaos

Middle East supply fears prompt global oil companies to pivot to Venezuela, sparking a corporate land grab as the U.S. prioritizes stability over democracy.

Latin Times

TAT slashes long-haul arrival forecast to 10 million

The Tourism Authority of Thailand (TAT) has slashed its long-haul arrival forecast to 10 million this year, on par with last year, mainly attributed to the Middle East conflict.

Bangkok Post

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France 24

Can Hormuz be bypassed? Past shows commercial viability may simply not be there, analyst says

On Tuesday, leaders at the G7 summit in Evian-les-Bains were seeking to identify alternative routes to bypass the Strait of Hormuz, which US President Donald Trump said would be "completely open" on Friday. Speaking with FRANCE 24's Sharon Gaffney, Maisoon H Kafafy, Senior Advisor to the Atlantic Council's Middle East…

The Economic Times

US-Iran deal to be signed in Switzerland on Friday: Swiss Foreign Ministry

A significant deal between the United States and Iran to end the Middle East war is set to be signed this Friday. The historic agreement will be finalized at the secure Burgenstock resort in Switzerland. This development follows weeks of intense negotiations between the two nations.

Bangkok Post

Switzerland confirms Friday signing for US-Iran deal

GENEVA - A US-Iran deal aimed at ending the Middle East war will be signed at the Swiss mountainside resort of Burgenstock on Friday, the country’s foreign ministry said on Tuesday.

AAP

FREELANDER 8 Makes First Public Appearance Ahead of Official Abu Dhabi Launch

WUHU, China, June 16, 2026 (GLOBE NEWSWIRE) -- In a significant milestone for the global premium new energy vehicle industry, FREELANDER 8 made its first public appearance at the Abu Dhabi Investment Forum held at The Peninsula Shanghai on June 11, 2026. The showcase comes as FREELANDER prepares for its…

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AAP

G7 Leaders Confront Middle East Crisis with Joint Israeli-Palestinian Proposals in Hand

ÉVIAN, France, June 16, 2026 /PRNewswire/ -- As heads of government and top diplomats arrived at this week's G7 Leaders' Summit in Évian-les-Bains, they are entering intense policy discussions around the Middle East crisis with a groundbreaking blueprint in hand: fresh multilateral funding commitments and a set of comprehensive recommendations…

France 24

How can a joint France-UK mission help restart shipping in the Strait of Hormuz?

A joint France and UK-led naval mission is ready to deploy to the Strait of Hormuz following an interim agreement between the US and Iran to end the Middle East war. Backed by around 20 countries, the mission aims to draw on widespread logistical know-how and resources to help clear…

Radio France Internationale

G7 summit opens full day of talks with Ukraine, Iran and Trump tensions in focus

As the G7 summit enters its first full day of discussions, French President Emmanuel Macron faces the challenge of keeping his US counterpart Donald Trump engaged as leaders weigh pressure on Russia, Middle East diplomacy and renewed trade tensions with Washington.

The Economic Times

G7 leaders open summit talks on Ukraine and the Middle East as Zelenskyy joins in France

Leaders at the G7 summit face a packed agenda. Discussions will focus on ending Russia's war in Ukraine and addressing the Middle East crisis. Ukrainian President Volodymyr Zelenskyy will attend. The summit also addresses the recent US agreement to end the conflict with Iran. Leaders aim for progress on these…

The Economic Times

Explained: Why Japan's Nikkei soared to lifetime high even after BOJ hiked interest rates to 31-year high

Japan's Nikkei index surged past 70,000 for the first time as the Bank of Japan raised its short-term policy rate to 1%, the highest in 31 years. The central bank's gradual tightening, coupled with diminished Middle East conflict risks, supported equities. Simultaneously, an Iran-US peace deal boosted sentiment, leading to…

The Economic Times

Bank of Japan raises interest rates to 31-year high

The Bank of Japan has increased its policy rate to 1.0 percent. This marks a 31-year high for interest rates. The move signals a strong focus on combating inflation. This is the first rate hike since December. The central bank's decision aims to address inflation risks stemming from the Middle…

The Economic Times

'Pyrrhic victory': Iran war leaves no clear winners, experts say

A recent Middle East war has concluded with no clear victor. Iran, though weakened, successfully thwarted the objectives of the United States and Israel. A new agreement defers critical issues, setting the stage for 60 days of intense negotiations. Israel faces significant setbacks, while the US seeks to project strength.…

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