Middle East conflict news covering regional tensions, military operations, political upheaval, and security developments across the region.
S&P warned that the Middle East conflict is straining energy and food systems across Africa, threatening credit ratings. Disruption in the Strait of Hormuz has blocked key fuel and fertilizer exports, with worst effects expected in six to 18 months. Several nations, including Comoros and Kenya, have seen deadly protests over fuel price hikes.
This commentary argues that the 1982 assassination attempt on Israel's UK ambassador by Iraq-backed Palestinian terrorists was the direct trigger for the First Lebanon War, contrary to claims it was a pretext. It contends that Iraqi leader Saddam Hussein orchestrated the attack to weaken Syria, and details the long-term consequences including Hezbollah's rise.
Airline stocks fell on Monday after crude oil prices spiked following reports that Iran will stop exchanging messages with the U.S. through intermediaries, protesting Israeli attacks in Lebanon and Gaza.