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Al-Monitor • April 7, 2026 12:30

Middle East war: global economic fallout

Political Leaning Analysis

Left Center Right

Score: -0.24 • Center / Neutral

Here are the latest economic events in the Middle East war:- Oil rises, stocks mixed -Oil prices climbed Tuesday as investors awaited US President Donald Trump's latest deadline for Iran to reopen the strategic Strait of Hormuz.West Texas Intermediate briefly topped $115 a barrel, its highest in a month, and Brent was at $111.Equity markets were mixed, with Tokyo little changed and Singapore and Jakarta falling while Shanghai, Sydney, Seoul, and Taipei rose. Hong Kong was closed for a holiday.

Story Timeline

Wed 12:00 - UN News All

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Different Perspectives

Al-Monitor

7 articles

▼

07:30

War in the Middle East: latest developments

The latest developments in the Middle East war:- 'Critical' stage - Iran's ambassador to Pakistan, which is mediating between Iran and the United States, said Tuesday that efforts to end …

13:36

China's Xi urges faster development of new energy system as Middle East war continues

By Liz Lee and Claire FuBEIJING, April 6 (Reuters) - Chinese President Xi Jinping has called for accelerated planning and construction of a new energy system to safeguard the country's …

10:36

Kremlin says the whole Middle East is 'on fire'

MOSCOW, April 6 (Reuters) - The Kremlin on Monday said that the Iran war was escalating in both geography and economic impact, and that the whole Middle East region was …

16:00

War in the Middle East: latest developments

The latest developments in the Middle East war:- Trump threatens 'hell' -US President Donald Trump threatened "hell" if Iran did not reopen the Strait of Hormuz, vowing in an expletive-laden …

08:30

War in the Middle East: latest developments

Here are the latest developments in the Middle East war:- Nuclear plant strike -Iranian state media said a US-Israeli attack hit near the country's Bushehr nuclear power plant killed one …

16:30

War in the Middle East: latest developments

Here are the latest developments in the Middle East war:- Iran hunts US pilot -Iranian authorities urged people living in the rugged southwest of the country to search for the …

08:30

War in the Middle East: latest developments

Here are the latest developments in the Middle East war:- Easter mass cancelled -All masses in Dubai have been cancelled because of the war, two Catholic churches in the United …

Euronews

1 article

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09:32

Middle East tensions drives global food prices higher for second month

The UN reported a second monthly rise in global food prices as the Middle East conflict drives up energy and fertilizer costs, threatening future harvests and yields despite currently stable …

France 24

4 articles

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14:06

War in the Middle East: At least four killed in strike on Haifa

Iranian missiles hit the northern Israeli city of Haifa, where four people were found dead in the rubble of a residential building.

09:08

War in the Middle East: US rescues pilot from downed fighter jet

Reza Sayah, our correspondent in Tehran, has more.

09:11

War in the Middle East: Iran hunts crew member of crashed US jet

One US service member has been rescued and at least one is missing after two US military planes went down in separate incidents including the first shoot-down since the war …

13:38

Asian nations ramp up coal power amid Middle East energy crunch

With Iran effectively turning the Strait of Hormuz into a toll gate, energy shortages are worsening across Asia. Amid the supply crunch, countries are increasingly turning back to coal for …

Middle East Eye

4 articles

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11:55

‘Caught unawares’: France put to the test by the US-Israeli war in the Middle East

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11:48

Russia says Middle East war opens new export opportunities

Russia says Middle East war opens new export opportunities Russia’s prime minister has said the war in the Middle East is creating new openings for Moscow to expand its global …

05:45

Report: 40,000 Filipinos unable to take Middle East jobs amid war

Report: 40,000 Filipinos unable to take Middle East jobs amid war More than 40,000 Filipinos who were set to leave for jobs in Israel, Lebanon and Gulf countries are unable …

01:54

Chinese President Xi Jinping calls for new energy system amid global shock

Chinese President Xi Jinping calls for new energy system amid global shock Chinese President Xi Jinping called for faster development of a new energy system to ensure energy security, state …

Politico EU

1 article

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12:20

Italy’s Meloni travels to Middle East in bid to ensure access to oil and gas

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UN News All

1 article

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12:00

Middle East war: Energy crunch hits vulnerable nations

The war in the Middle East and the near halt to shipping in the Strait of Hormuz has amplified the energy crunch facing developing nations in Africa and South Asia that rely …

Washington Examiner

1 article

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10:00

The five most exciting regions for global oil development

The global economy runs on fossil fuels, not renewable energy. The Iran war underscores the importance of oil in this regard. In the middle of February, two weeks before the …