Government ❯ International Relations ❯ Middle East ❯ Conflict

Economic Impact

Saudi Says It Shot Down Houthi Drone Near Mecca, Raising Regional Alarm

The claim could prompt Saudi retaliation because it challenges the kingdom’s declared red line protecting the Two Holy Mosques.

Markets Price Fed for a September 25‑Basis‑Point Rate Hike

Oil Surges Past $100 as U.S.–Iran Exchanges and Houthi Attacks Tighten Middle East Supplies

Gold Holds Near $4,400 as Markets Brace for U.S. Inflation Data

Ryanair Cuts 2027 Traffic Target and Warns Weaker Rivals Could Collapse Over High Jet Fuel

Ofgem Raises UK Energy Price Cap 4% to £1,723

Fed Hold Stokes Bond Rout, Tech Stocks Reprice

Singapore Airlines Posts Q1 Loss as Fuel Spike and Air India Hit Overcome Record Revenue

Gold Slides Below Key Support as Oil Surge Boosts Fed‑Hike Odds

Fed Holds Rates as Warsh Signals Shift Toward Possible 2026 Hike

Fed Holds Rates at 3.50%–3.75% in Kevin Warsh’s First Meeting

IATA Cuts 2026 Airline Profit Forecast as Jet Fuel Soars

European Cargo Enters Administration, Stops Trading

Renewed US–Iran Exchanges Push Oil Up as India Passes Through Prices and OMC Losses Grow

EasyJet Says Summer Flights Secure as Jet‑Fuel Costs Rise

Fed Minutes Signal Return of Rate‑Hike Risk as Yields Jump

Reeves Announces Summer Cost‑of‑Living Package to Shield Families

UK Unemployment Rises to 5% as Vacancies Fall to Five‑Year Low

Ryanair Posts Record Profit but Warns Summer Fares Will Stay Flat

Greggs to Open First Overseas Shop at Tenerife South Airport This Month