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The Latest Breaking News from Middle East

Hapag-Lloyd Aktiengesellschaft Q1 Earnings Call Highlights

Hapag-Lloyd Aktiengesellschaft (ETR:HLAG) reported a weaker first quarter of 2026, with management describing the start to the year as “unsatisfactory” as severe weather, weak Atlantic trade and higher costs tied to Middle East tensions weighed on results. Chief Executive Officer Rolf Habben Jansen

MarketBeat

India rolls out new gold math with import duty hike. Who will foot the bill?

India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange reserves amid rising risks from the Middle East conflict. The move follows Prime Minister Narendra Modi’s appeal to avoid unnecessary gold purchases and foreign travel.

The Economic Times

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International Energy Agency reports significant supply losses and a projected deficit of 1.78 million barrels per day by 2026. Demand is also expected to decline due to price…

The Economic Times

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Nutrien Q1 Earnings Call Highlights

Nutrien (NYSE:NTR) reported higher first-quarter adjusted EBITDA and record potash sales volumes, while management said its full-year guidance remains unchanged despite disruptions to global fertilizer and energy markets tied to the ongoing Middle East conflict. President and CEO Ken Seitz said the

MarketBeat

L&T to set up extra-high voltage substations in Middle East

Larsen & Toubro's Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery…

The Economic Times

Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra

India faces potential retail fuel price hikes if the Middle East conflict persists. RBI Governor Sanjay Malhotra indicated this possibility due to rising energy import costs and inflation risks. The government has already reduced duties and state refiners are absorbing losses. Prime Minister Modi urged citizens to conserve fuel. Oil…

The Economic Times

Vistry cautions over steep fall in half-year profits

The housebuilder is also seeing materials and labour costs rise as the Middle East conflict takes its toll on the sector.

Evening Standard

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Why gold’s Rs 10,000 spike after import duty increase is a one-off move

Gold and silver prices staged a sharp comeback on Wednesday, with MCX futures for both metals surging nearly 6% in a single session after the government raised customs duty on precious metal imports. Gold prices jumped about Rs 9,600, while silver soared nearly Rs 17,000, marking one of the biggest…

The Economic Times

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall

Global markets felt the heat as a surprising U.S. inflation surge boosted Treasury yields, weakening the euro and sterling. Rising oil prices, fueled by Middle East tensions, further dampened investor sentiment. The U.S. dollar index held firm, reflecting a cautious risk appetite as equity markets lacked upward momentum. Meanwhile, the…

The Economic Times

Gold steady with US-China summit, MidEast developments in focus

Gold prices remained stable in early Asian trade. Investors are awaiting a key U.S.-China summit in Beijing. Developments in the Middle East conflict are also being closely watched. U.S. President Donald Trump commented on the Iran war. Oil prices saw a dip. U.S. consumer inflation increased. India has raised import…

The Economic Times

AECOM Q2 Earnings Call Highlights

AECOM (NYSE:ACM) raised its full-year profit outlook after reporting record second-quarter backlog and stronger margins, with management pointing to demand across transportation, water, energy, defense and high-tech infrastructure despite uncertainty in the Middle East. On the company’s second-quar

MarketBeat

French oil giant TotalEnergies' record profits fuel calls for windfall tax

Since the outbreak of the Middle East conflict, French energy company TotalEnergies has faced mounting criticism in over profits it has made from soaring fuel prices. Now its chief executive has been summoned to answer questions before the National Assembly.

Radio France Internationale

US stocks today: US stocks fall as hot CPI, Iran tensions weigh on sentiment

Wall Street edged lower as hotter-than-expected U.S. inflation and persistent Middle East tensions dampened sentiment. With CPI at a three-year high, markets now see the Federal Reserve holding rates steady for longer, even as earnings strength offers some support.

The Economic Times

U.S Stock Market today: S&P 500 stocks show signs of historic Wall Street crash, bear market but expert notes ray of hope

U.S. Stock Market index S&P 500 is predicted to extend its rally in 2026, even as Middle East ‌tensions disrupt ⁠global ⁠energy flows and drive inflation higher.

The Economic Times

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The Independent UK

F1 chiefs consider reinstating Middle East races into 2026 calendar after cancellations due to Iran war

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The Economic Times

UAE's main gas complex to resume full capacity next year after attacks

Dubai's major gas processing complex, a global giant, faces a delayed return to full capacity until 2027 following Middle East conflict. Operator ADNOC Gas reported a 15% income drop due to regional instability and market challenges, with the Strait of Hormuz blockade expected to cost millions. Full restoration is anticipated…

MarketBeat

IMI Q1 Earnings Call Highlights

IMI (LON:IMI) reported a “good start” to the year in its first-quarter trading update, with Chief Executive Roy Twite saying the engineering group delivered organic growth across the business and remains on track with its full-year expectations. Twite, who was joined on the call by Chief Financial

The Guardian - UK

Three-day ceasefire ends with fresh wave of Russian attacks on Ukraine – as it happened

At least one person killed as Moscow launches drone strikes on energy facilities and apartments

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The Economic Times

Euro zone bond yields jump as Middle East peace deal hopes fade

Euro zone bond yields surged as hopes for a U.S.-Iran peace deal diminished, with markets now anticipating three European Central Bank interest rate hikes this year. Rising oil prices and geopolitical uncertainty contributed to a more downbeat market sentiment, while German inflation remained at 2.9% in April.

The Economic Times

Why are gold and silver prices down today, and will gold drop to $4,600 and silver slip to $80? Gold slips as markets assess Middle East tensions and inflation data

Why are gold and silver prices down today, and will gold drop to $4,600 and silver slip to $80? Gold and silver moved lower as markets studied Middle East tensions, U.S. inflation data, and interest rate expectations. Analysts pointed to a stronger dollar, rising oil prices, and changes in rate…

MarketBeat

MSA Safety Incorporporated Q1 Earnings Call Highlights

MSA Safety Incorporporated (NYSE:MSA) reported a stronger first quarter of fiscal 2026, with management citing resilient demand in the Americas, improved margins and continued execution of its Accelerate strategy, while also noting pressure in Europe and the Middle East. On the company’s earnings c

The Economic Times

India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say

India has refused Russian liquefied natural gas shipments under United States sanctions. This decision comes amid energy supply concerns due to Middle East tensions. A Russian LNG tanker bound for India remains in limbo. India prioritizes avoiding sanctioned cargoes due to compliance risks. Russia seeks new markets for its LNG…

MarketBeat

National Energy Services Reunited Q1 Earnings Call Highlights

National Energy Services Reunited (NASDAQ:NESR) reported record first-quarter 2026 revenue and outlined plans to begin returning capital to shareholders, while management said operations across its core Middle East and North Africa markets remained resilient despite regional geopolitical disruptions

The Economic Times

London Heathrow airport traffic dips due to Mideast war

London's Heathrow Airport announced Monday that passenger numbers dropped in April as the Middle East war disrupted global air travel. Heathrow, Europe's busiest airport, said that the decline reflected "the ongoing impact of the Middle East conflict on some markets and short-term adjustments to travel plans."

The Economic Times

Logitech bets on AI, gaming and business users as it raises spending, CEO says

Logitech plans increased spending on product development and marketing this year. The company is focusing on gaming, business customers, and AI-enabled devices for growth. Despite economic slowdown worries and Middle East supply issues impacting sales, Logitech expects continued momentum. Investments will be made to capitalize on AI opportunities and maintain…

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