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FOUND: 6 - You Need To See This

Iran’s president says US memorandum is best path out of stalled war, and other Middle East news

Iran's president has defended a memorandum of understanding with the U.S. as the best way to end a stalled conflict

The Independent UK

From Middle East to e-sports: Macron hosts Saudi crown prince Mohammed bin Salman

Long ostracised on the international stage after the murder of Saudi journalist and dissident Jamal Khashoggi, "MBS" has in recent years regained status as a valued strategic partner.

Euronews

Six EU countries urge windfall tax on energy firms

Six EU nations are urging a bloc-wide windfall tax on oil companies. Profits have surged due to the ongoing Middle East war and rising costs. Ministers want this levy discussed at an upcoming meeting of finance chiefs. They cite lessons learned from a similar measure introduced in 2022. Germany's finance…

The Economic Times

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Iran says the world has accepted it has defeated the US, and other Middle East developments

Iran's president claims the world has accepted that Iran won its war with the United States

The Independent UK

Settlers kill a Palestinian teen in a West Bank clash, and other Middle East developments

Israeli settlers have killed a Palestinian teenager after a rock-throwing incident in the occupied West Bank

The Independent UK

Iran wants to end war while in a ‘position of strength’

TEHRAN - Iranian President Masoud Pezeshkian said on Friday it was time to end the months-long Middle East war with the United States because Tehran appeared to be in a stronger position than Washington.

Bangkok Post

Paras Defence expects exports to double as Middle East conflict boosts demand

Paras Defence anticipates its export revenue will double this fiscal year. This growth is driven by Middle East conflict and rising geopolitical tensions. The company expects exports to reach Rs 120-130 crore by fiscal 2027. Orders from Israel and the UAE have increased, while European demand also rises.

The Economic Times

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Global Market: Nikkei slips as rising oil prices, bond yields weigh on Japanese stocks

Japan’s Nikkei fell on Friday and was headed for its steepest weekly decline in more than a month as rising oil prices, higher bond yields and uncertainty over the Middle East conflict weighed on investor sentiment. The Nikkei was set for a 4% weekly loss, while the Topix was headed…

The Economic Times

US Iran war: Hormuz ship crossings hover in single digits, data shows

Ship crossings at the Strait of Hormuz decreased on Thursday. This decline occurred amid growing concerns for Middle East shipping routes. Initial shipping data showed fewer commodity ships transiting the vital waterway. US-Iran peace talks remain in a state of uncertainty. The waterway is crucial for global crude oil and…

The Economic Times

Israel calls Erdogan an ‘anti-Semitic dictator’ after Turkey issues Netanyahu arrest warrant

Turkey issued an international arrest warrant for Israel's Prime Minister Benjamin Netanyahu as part of an investigation into Israel's interception of an aid flotilla for Gaza and its detention of hundreds of activists on board, Justice Minister Akin Gurlek announced Friday. Netanyahu’s office in turn said Turkish President Recep Tayyip…

France 24

Oil set for second weekly rise as unsettled US-Iran war crimps supply

Oil prices are maintaining their momentum, showing potential for a second consecutive week of gains. The escalating tensions between the US and Iran are creating disruptions in oil supply throughout the Middle East. While Brent crude futures have seen a slight uptick, WTI futures registered a small decline. Rising fears…

The Economic Times

Iran dismisses US economic threats, and other developments in the Middle East

Iran has dismissed U.S. President Donald Trump’s threats of economic pain and isolation

The Independent UK

New US carrier strike group arrives in Middle East to relieve long-deployed USS Abraham Lincoln

US media quoted relatives of crew members saying living conditions had deteriorated on the USS Abraham Lincoln and there were also reports of several suicide attempts.

Euronews

Iran dismisses US economic threats and other developments in the Middle East

Iran rejected United States President Donald Trump's economic threats and isolation policies. Meanwhile, the United Kingdom and other nations condemned Israel's controversial settlement project. Syria's foreign minister visited Pakistan, which is working to de-escalate tensions. Pakistani crew members killed in a Houthi attack were repatriated to their homeland.

The Economic Times

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The Economic Times

Urban Company, Unicommerce expand partnership to Saudi Arabia, UAE

Urban Company's Middle East division has partnered with Unicommerce to streamline its e-commerce operations in Saudi Arabia and the UAE. The online platform will leverage Unicommerce's Uniware technology to manage inventory and fulfillment for its at-home services, ensuring real-time visibility and efficient order routing for service professionals.

Barchart

Heightened Middle East Tensions Boost Crude Oil Prices

September WTI crude oil (CLU26) closed up +0.89 (+1.05%) on Wednesday, and September RBOB gasoline (RBU26) closed down -0.0466 (-1.41%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a 4-week high. Wednesday’s sharp decline in the dollar index ($DXY ) to a 2.5-month low was...

Barchart

Crude Prices Supported by Dollar Weakness and Middle East Tensions

September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%). Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY ) to a 2.5-month low is bullish...

The Independent UK

Israel's military to investigate Gaza attacks, and other major developments in the Middle East

The Israeli military plans a criminal investigation into the killings of a 5-year-old girl and her family, as well as 15 paramedics in Gaza

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Evening Standard

Why has inflation shot up and where will it go from here?

Experts are predicting further inflation pain later this year caused by the ongoing Middle East conflict.

The Economic Times

Global Market: European shares flat as Middle East risks weigh; Fed Minutes in focus

European shares were largely flat as Middle East tensions kept investors cautious ahead of the Federal Reserve’s July meeting minutes. Gains in basic resources stocks, supported by higher gold prices, offset technology losses caused by rising bond yields. UK inflation also accelerated, adding uncertainty over interest rates and the broader…

The Economic Times

Global Market: Japan shares slide as chip stocks tumble on global tech rout

Japan’s Nikkei plunged 2.97%, tracking Wall Street’s technology sell-off as rising global bond yields and renewed Middle East uncertainty dampened risk appetite. Semiconductor stocks led declines, with Kioxia and Furukawa Electric falling over 10%. SoftBank also dropped sharply, while Mercari, Shiseido and Otsuka Holdings gained despite the broad market decline.

International Business Times

How Tag Markets Is Building a Technology First Approach to Forex and CFD Trading

The company traces its origins to Colombia in 2023 and now operates from Middle East while serving an international client base.

The Economic Times

Global Market Today: Asian equities decline as chip selloff extends

Asian stock markets witnessed a downturn as semiconductor shares plummeted sharply. The rise in bond yields and escalating oil prices contributed to a bearish market sentiment. Investors pulled away from growth stocks, driven by concerns over inflation and mounting debts. Additionally, geopolitical unrest heightened market pressures, with the ongoing tensions…

AAP

Coffee machines brew a caffeine hit for Aussie firm

Breville Group has delivered a rise in profit on record revenue and played up opportunities for its coffee machines, especially in the Middle East.

The Economic Times

US stocks: Tech selloff weighs down Wall Street as bond yields climb

Wall Street faced a downturn as escalating tensions in the Middle East triggered a surge in bond yields. A steep decline was particularly evident in technology stocks, with semiconductors taking the brunt of the losses. Investors pivoted from growth-focused sectors to safer bets like healthcare. Additionally, oil prices rose amidst…

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