Middle East — Page 43

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IEA cuts global oil demand forecast, sees 1.1 mln bpd decline in 2026

The International Energy Agency (IEA) has revised down its 2026 global oil demand forecast by 735,000 barrels per day (bpd), now expecting a decline of 1.1 million bpd, according to its June report. The agency attributes the drop to the Middle East crisis, though it anticipates conditions to improve in the second half of the year. Separately, the IEA slightly raised its 2026 supply forecast, expecting a decline of 3.9 million bpd, with a recovery in Strait of Hormuz exports from the third quarter.

1 outlet · 2 articles Jun 17

DPM Dar says Pakistan facilitating repatriation of 30 Iranian fishermen, sailors

Pakistan is facilitating the repatriation of 30 Iranian nationals, including eight fishermen rescued by a British vessel and 22 crew members from a US-interdicted oil tanker. Deputy Prime Minister Ishaq Dar confirmed the move, highlighting close coordination with Iranian, US, and UK authorities.

1 outlet · 2 articles Jun 17

Israelis deserve answers on US-Iran deal, not a campaign speech - editorial

As the US and Iran finalize a deal to end the war and reopen the Strait of Hormuz, Israelis grapple with mixed emotions—from accusations of betrayal to reassessments of the strategic outcome. Prime Minister Netanyahu faces criticism for his televised address, while experts and officials offer divergent views on the deal's implications for Israel's security.

1 outlet · 9 articles Jun 17

Brisbane home owners face rate hike as council tightens its budget

Brisbane City Council has delivered its 2026-27 budget with a 3.97% rate hike for home owners, attributed to inflation and federal funding shortfalls. At the same time, the council is investing $5.6 million in a new healthy activities program. Both developments were covered by ABC News in separate reports.

1 outlet · 2 articles Jun 17

Iran links war deal to Israeli withdrawal from Lebanon

Iranian Foreign Minister Abbas Araghchi has declared that any agreement ending the conflict with the United States must include Israel's withdrawal from Lebanese territory, warning that continued occupation would violate the memorandum of understanding. As the US and Iran finalize the deal, Israel insists on maintaining its military presence in Lebanon, while analysts suggest only US pressure can force a real policy change.

5 outlets · 5 articles Jun 16

Why the market thinks Michele Bullock is bluffing on rate hikes

Reserve Bank governor Michele Bullock says the Middle East war creates 'highly uncertain' conditions that could push inflation higher, but she dismissed fears of stagflation or a wage-price spiral. Despite the RBA's hawkish tone, markets have priced in roughly even odds of another rate hike, while many economists doubt further increases.

1 outlet · 2 articles Jun 16

Oman, Iran reiterate commitment to ensuring free navigation in Strait of Hormuz

Following Iran-US talks in Switzerland, negotiators agreed to establish a mechanism for safe passage through the Strait of Hormuz. Oman and Iran have reiterated their commitment to international law on navigation and regional stability, while Iran ties final agreement to cessation of hostilities.

1 outlet · 4 articles Jun 16

Trump says Hormuz Strait to reopen Friday under US-Iran deal

The US and Iran have signed a memorandum of understanding to end their war, reopening the Strait of Hormuz and lifting sanctions, with a $300 billion reconstruction fund for Iran. The deal faces skepticism from Republicans and Democrats, and reactions in Israel are largely negative.

7 outlets · 9 articles Jun 16

Trio of senior defence figures accuse Starmer of underfunding military

The UK's most senior military officer has warned that Britain will have to 'dial back' military operations without extra funding, as former defence secretary John Healey and former minister Al Carns add their voices to criticism of the government's defence spending plans.

1 outlet · 3 articles Jun 16

(LEAD) Lee arrives in France for G7 summit

South Korean President Lee Jae Myung arrived in Evian-les-Bains, France, to attend the G7 summit as an invited partner country. On the sidelines, he met with Canadian Prime Minister Mark Carney, discussing bilateral ties and Canada's submarine acquisition project. Lee is scheduled to return home Wednesday, wrapping up his 10-day Europe trip.

1 outlet · 5 articles Jun 16

Top Turkish diplomat reaffirms his country’s readiness to host Russia-Ukraine talks

Turkish Foreign Minister Hakan Fidan visited Moscow and reiterated Turkey's willingness to host Russia-Ukraine negotiations. Russian officials expressed appreciation for Turkey's diplomatic efforts and readiness to resume talks from the 2022 Istanbul point. The visit included discussions on bilateral relations and Black Sea security.

1 outlet · 8 articles Jun 16

Readiness to receive Zelensky in Moscow, Witkoff-Kushner visit: Kremlin briefing

Kremlin spokesman Dmitry Peskov said Ukraine's President Volodymyr Zelensky would be received in Moscow if he sought serious talks, while Zelensky ruled out visiting Moscow, suggesting Turkey, Switzerland, or the Middle East. Peskov also said no official communication channels exist between Moscow and Kyiv and that no dates are set for US envoys Witkoff and Kushner's visit to Russia.

1 outlet · 4 articles Jun 16

China showcases anti-drone air defences at Paris show as conflict fuels demand

At the Eurosatory defence exhibition in Paris, China's Norinco displayed a range of air defence systems designed to counter drone threats, including missiles, guns, and lasers. Demand for such systems is rising due to drone-heavy conflicts in Ukraine and the Middle East, with Chinese firms potentially benefiting from cost advantages in the Global South.

1 outlet · 2 articles Jun 16

Press review: EU seeks to derail Ukraine talks as oil prices fall on Mid-East peace hopes

TASS reviews Russian press coverage of the US-Iran memorandum of understanding, which aims to end hostilities in the Middle East and restore navigation in the Strait of Hormuz. Experts quoted in the Russian press express cautious optimism but warn of fragility, while also noting Europe's perceived attempts to derail Ukraine peace talks and falling oil prices amid hopes for de-escalation.

1 outlet · 3 articles Jun 16

Ben Roberts-Smith’s bail varied so alleged war criminal can attend Australian War Memorial opening

Ben Roberts-Smith, a former SAS soldier facing war crime charges, has had his bail conditions varied to attend the opening of a new gallery at the Australian War Memorial. The court allowed the visit despite prosecutors' concerns about potential witness contact. The event has drawn attention due to Roberts-Smith's invitation as a Victoria Cross recipient.

2 outlets · 4 articles Jun 16

(LEAD) Rival parties agree to launch parliamentary probe on election ballot shortage

South Korea's ruling Democratic Party and main opposition People Power Party have agreed to launch a 45-day parliamentary investigation into the National Election Commission over ballot shortages that disrupted voting during the June 3 local elections. The National Assembly approved the probe on June 18, with an 18-member special committee chaired by the opposition.

1 outlet · 16 articles Jun 16

(LEAD) Seoul stocks up for 4th day to finish above 8,700 on U.S.-Iran deal optimism

Seoul stocks rose for a fourth consecutive session on Tuesday, closing above 8,700 points as investors welcomed a U.S.-Iran agreement to end their conflict and reopen the Strait of Hormuz. The KOSPI added 2.11 percent, amid gains in tech and auto shares, while oil prices retreated and U.S. markets hit records.

1 outlet · 5 articles Jun 16

Vance says details of US-Iran agreement still to be worked out amid scepticism from Republicans

US Vice President JD Vance has described the US-Iran memorandum of understanding as a 'very general document' with specifics to be resolved in technical negotiations. The agreement, set for a ceremonial signing in Geneva, has drawn scepticism from Senate Republicans demanding more transparency, while Turkey's ruling party has voiced support and accused Israel of trying to undermine the process.

4 outlets · 7 articles Jun 16

Division in UK probably worse now than in run-up to Brexit, says Kim Leadbeater

Kim Leadbeater, sister of murdered MP Jo Cox, says political hatred in the UK is likely worse now than before the 2016 Brexit referendum. Her comments come amid concerns over far-right unrest, social media amplification, and the legacy of Cox's call for 'kinder, gentler politics.'

1 outlet · 3 articles Jun 16

Sanae Takaichi’s G7 mission: bridge Trump-bloc divides, polish ‘Iron Lady’ image

Japanese PM Sanae Takaichi used the G7 summit in France to deepen ties with Italy, pitch a critical minerals stockpile plan, and leverage her rapport with Donald Trump to bridge divides within the bloc. As she seeks to cement an 'Iron Lady' image, her approach draws both praise and criticism.

1 outlet · 4 articles Jun 16