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Is the FDA Really Suppressing Science? Plus. . .
It’s Thursday, May 7. This is The Front Page, your daily window into the world of The Free Press—and our take on the world at large. Today: Aaron MacLean says Trump is poised to snatch defeat from the jaws of victory in the Iran war. Joe Klein on the life of CNN founder Ted Turner. Jillian Lederman on why cruise ships are here to stay. And much more. But first: Is the FDA suppressing science? On Tuesday, The New York Times published a story with an alarming takeaway. “FDA Blocked Publication of Research Finding Covid and Shingles Vaccines Were Safe,” read the headline. It is the latest in a string of stories that all have the same message: The Food and Drug Administration (FDA), and other agencies, are engaged in a cover-up—and silencing scientists trying to get the word out about the Covid vaccine. What all these stories suggest—some more subtly than others—is that the outsiders now running the public health establishment, officials such as Marty Makary at the FDA and Jay Bhattacharya at the National Institutes of Health, are on a revenge tour. That they are doing harm to the country to get back at the scientists and bureaucrats who ostracized them for deviating from the public-health consensus during the pandemic. It’s a seductive narrative. But is it true? That’s the question we address in our latest editorial. —The Editors Read [ Marty Makary's FDA Has All the Right Enemies ](https://www.thefp.com/p/marty-makary-vaccine-study-fda) [ Trump Blinks First ](https://www.thefp.com/p/iran-peace-deal-pakistan-trump-strait-of-hormuz) Aaron MacLean In return for no detectable concessions, President Trump this week gave up on forcing open the Strait of Hormuz. Now, the Trump administration looks desperate for a deal to end the war with Iran. It’s easy to understand the desire to end the war, but are they blowing the chance at victory? Aaron MacLean makes sense of the administration’s latest moves—and Iran’s response—in his column today. Read full story Aaron MacLean and Niall Ferguson: Live in New York City Join Aaron MacLean and Niall Ferguson on May 19 for a live recording of School of War at the iconic New York Historical. In a conversation as timely as it is wide-ranging, Aaron and Niall will explore the strategic stakes of the moment, including the Middle East, China, and the future of American leadership on the global stage. Get Tickets Now [ Ted Turner, the Optimist Who Built CNN ](https://www.thefp.com/p/ted-turner-cnn-tribute) Joe Klein The man who gave us CNN and the 24-hour news cycle, Ted Turner, died Wednesday at the age of 87. Today, political writer Joe Klein—who almost ghostwrote Turner’s autobiography—remembers his friend, the American media mogul who stood out for his idealism and lack of a filter—something that got Turner in trouble more than once. “His was not a traditional intelligence, but one of horizon: Ted saw things before other people did,” Joe writes. Read full story [ Nothing Can Sink the Cruise Ship ](https://www.thefp.com/p/cruise-ship-hantavirus) Jillian Lederman A viral outbreak on a cruise ship that left three passengers dead has left some people wondering: Are cruise ships on the way out? Not so fast, says Jillian Lederman, who has been on many a cruise herself. Read her piece on why 38 million people a year take a cruise—and aren’t about to stop. Read full story [ The Great Writers Who Were Terrible People ](https://www.thefp.com/p/the-great-writers-who-were-terrible) Shilo Brooks Throughout history, some of the greatest literary geniuses have also been immoral bigots. In the latest episode of Old School, Shilo Brooks is joined by Eli Lake for a conversation about those geniuses, from Voltaire to Norman Mailer and Roald Dahl—and why we should read their work despite their odious prejudices. Listen on MORE FROM THE FREE PRESS [ Inside the Digital Intifada ](https://www.thefp.com/p/digital-intifada-social-media-hamas-terror) Warren Kinsella Read full story [ This Week in American History: Trump’s Over-Arching Problem ](https://www.thefp.com/p/this-week-in-american-history-trumps-over-arching-problem) Jonathan Horn Read full story [ Humanity Is Still Evolving—and Fast ](https://www.thefp.com/p/humanity-is-still-evolvingand-fast) Razib Khan Read full story THE NEWS Thirteen D.C. Metropolitan Police officers have been placed on administrative leave and could face termination after an internal investigation found evidence that crime statistics were manipulated to make the city look safer. The Republican-led House Oversight Committee previously alleged that former D.C. police chief Pamela Smith pressured officers to skew data. Tennessee Republicans unveiled a redrawn U.S. House map yesterday that would split up Memphis’s black-majority Democratic district, the latest move in a nationwide push to redraw congressional boundaries ahead of the midterms. The effort follows a Supreme Court ruling last week on Louisiana’s districts, which Tennessee House Speaker Cameron Sexton said gave states the green light to redraw maps along partisan lines. Israel struck Beirut for the first time since a ceasefire with Hezbollah took effect last month, saying it targeted a commander of the militant group’s elite Radwan force in the city’s southern suburbs. The strikes risk destabilizing that truce at a delicate moment, as Iran and the U.S. report progress toward a deal to resolve their own standoff. The U.S. Air Force is aiming for a Fourth of July delivery of a Boeing 747 gifted by Qatar, hoping to add it to the Air Force One fleet in time for the U.S.’s 250th anniversary, Reuters reported. (For more on the controversy surrounding the aircraft, read Jed Rubenfeld’s piece “It’s a Terrible Idea, but Trump Probably Can Accept a Free Jet from Qatar.”) Commerce Secretary Howard Lutnick testified privately before Congress that he has no memory of why he and his family dined on Jeffrey Epstein’s private island in 2012, according to Reuters. The admission contradicts Lutnick’s earlier claim that he had cut ties with the convicted sex offender well before that visit. Weeks before a former JPMorgan investment banker filed a lawsuit packed with explosive allegations, the bank reportedly offered him $1 million to settle his sexual assault and harassment claims, according to The Wall Street Journal. The suit, filed by Chirayu Rana, alleges he was sexually assaulted by a female colleague, subjected to racial discrimination, and forced into a degrading dynamic at work. JPMorgan says the claims lack merit, and the female colleague’s lawyers call the accusations fabricated. A new report from the Hartford Institute for Religion Research shows that, for the first time in roughly 20 years, church attendance is trending upward, with more people volunteering and clergy expressing renewed optimism. The study’s authors described the findings, based on a survey of more than 7,400 congregations, as showing signs of widespread recovery from low attendance numbers.
Trump’s abrupt U-turn on a plan to re-open the Strait of Hormuz came after backlash from allies
Saudi Arabia, a key Gulf ally, suspended the U.S. military’s ability to use its bases and airspace to carry out the operation, sources say. The White House said the administration notified Middle East allies in advance.
The Unintended Consequence the War in the Middle East Could Have on Taiwan Semiconductor Manufacturing Company's Business
Luckily, it shouldn't slow down the chipmaker's momentum.
Vance Campaigns in Iowa as G.O.P. Fears Rise Ahead of Midterms
The vice president acknowledged economic headwinds, including rising energy and fertilizer costs. “We got a little — a little blip in the Middle East,” he said, referring to the war in Iran.
U.S. Embassy Supports Tunisian Business Delegation at 2026 SelectUSA Investment Summit - U.S. Embassy in Tunisia
U.S. EMBASSY SUPPORTS TUNISIAN BUSINESS DELEGATION AT 2026 SELECTUSA INVESTMENT SUMMIT The SelectUSA Investment Summit is the premier U.S. investment event, connecting thousands of investors, companies, economic development organizations, and industry experts to make deals happen. Media Note TUNIS, May 5, 2026 – U.S. Embassy Tunis is pleased to support a delegation of 11 Tunisian companies traveling to the United States to participate in the 2026 SelectUSA Investment Summit at National Harbor, Maryland, May 3-6, 2026. The Summit is an opportunity for these dynamic entrepreneurs to establish new connections and explore business and investment opportunities in the United States. This year, three Tunisian women entrepreneurs and members of the delegation representing Spiraw and Sotetel were accepted into the Select Global Women in Tech year-long mentoring program which will kick off at the summit. Since 2022, more than 50 Tunisian entrepreneurs in fields ranging from e-gaming, robotics, software engineering, coding, online fashion, and green tech have participated in SelectUSA Investment Summits, where they have taken their businesses to the next level. Hosted by the U.S. Department of Commerce, the SelectUSA Investment Summit is a one-stop shop for companies considering expanding to the United States and provides economic development organizations (EDOs) with the opportunity to meet directly with international companies to facilitate investment deals. Since inception, the SelectUSA Investment Summit has attracted tens of thousands of companies and economic development representatives, generating over $250 billion in new investment projects that support more than 125,000 jobs across the United States and its territories. The previous SelectUSA Investment Summit saw record-breaking numbers with more than 5,500 participants, including EDOs from 54 U.S. states and territories and over 2,700 business investors from 100+ countries, including Tunisia. The following Tunisian businesses will take part in this year’s SelectUSA delegation: AquaDeep – Revolutionizes aquaculture with AI-powered monitoring solutions, including a real-time larva counting system and a SaaS platform for environmental monitoring. The company is expanding operations across Tunisia, Europe, Africa, and the United States. Bouraoui Group – Specializes in event venues, hospitality experiences, innovative real estate development, and technology driven customer solutions. The business develops experience- focused and tech enabled lifestyle destinations that combine entertainment, culture, retail, and smart services, and is seeking international partners to co-develop hospitality, PropTech, smart retail, and experiential digital projects. Digital Cook – Builds HR and recruitment software solutions, including HRMS, ATS, and custom tools that streamline hiring, employee management, and talent development. It provides custom software, system integration, and scalable HR platforms for SMEs, large enterprises, and recruitment agencies seeking efficient, user-friendly ways to manage their workforce and improve recruitment. El Kanaouet – Provides high-quality and low-cost hydraulic infrastructure for the supply and distribution of drinking water. The company manufactures prestressed concrete structures based on current technological developments in the field and trends in integrated and digitalized management. El Kanaouet aims to enter the U.S. market with its production of centrifugal prestressed concrete pipes and other technical products and services. Fluoink Nanotechnologies – A deep‑tech startup developing next‑generation antimicrobial additives for paints, coatings, and industrial materials, enabling everyday surfaces to act as long‑lasting barriers against harmful bacteria and pathogens without changing their appearance or performance. Mare Custos – A subsea robotics company specializing in ROV-based underwater inspection services for offshore energy, ports, and marine infrastructure, using high-precision imaging, PAUT, and NDT to inspect structures in challenging conditions. SmartMed SA – A fast-growing digital health company operating in Tunisia, Algeria, and Morocco, offering an integrated ecosystem that helps patients book appointments (MedPro), enables clinics to digitize workflows and EMRs (MedLink), and supports targeted digital marketing for healthcare and pharma (MedAds). With millions of appointments and users, SmartMed has become a leading e-health platform in North Africa. Sototel – Builds telecommunications networks and services, including fixed, radio, and mobile networks. Sototel focuses on technological innovation and continuous improvement, providing high-value-added digital solutions. SOTUPRIN HGE – Specializes in manufacturing household electrical appliances under the brand HGE and OEM. Expanded from the local market to North Africa, Central Africa, the Middle East, and Europe. Spiraw by Food4Future – Designs and manufactures smart, AI-powered cultivation systems allowing individuals and businesses to grow fresh, highly nutritious food – starting with spirulina – directly at the point of consumption. Combining patented hardware, controlled-environment agriculture, and a connected app with an AI assistant, Spiraw aims to decentralize food production and create a new category at the intersection of agri-tech, consumer health, and smart home ecosystems. WaterSec (Istidama) – A climate-tech startup that uses IoT, AI, and smart sensors to help high consumption facilities (such as industries, hotels, and commercial buildings) monitor water use in real time, detect leaks, and optimize consumption. The company’s digital platform turns raw water data into alerts and actionable insights, making water management more transparent, proactive, and sustainable. Learn more about the SelectUSA Investment Summit at https://www.selectusasummit.us/. Follow live developments from the summit on X at https://x.com/SelectUSA.
Business Lookahead: Eyeing oil, US jobs, and European earnings
STORY: From high oil prices and the conflict in the Middle East to U.S. jobs data and corporate earnings, here’s what you need to watch in business and finance in the week ahead.:: Crude and currencyOil prices briefly topped $120 a barrel this week to hit their highest level since 2022 as the war with Iran enters a third month.While the U.S. and Iran face pressure to end a conflict that has shut the Strait of Hormuz, the world watches anxiously as the biggest-ever disruption to energy supplies unfolds.For each week the Strait is closed, keeping oil elevated, the greater the economic risks via higher inflation or weak growth or, for some, both. Oil importer Japan just intervened to prop up a yen that has been weakened by the conflict.A new month is now underway and some traders will be mindful of that old adage, "Sell in May and go away.":: Jobs gyrationsAs the U.S. economy grapples with fallout from the Middle East war, Wall Street's radar turns to Friday's April monthly payrolls report.The U.S. economy likely created 73,000 new jobs, economists polled by Reuters forecast. In March, payrolls increased by 178,000, the most since December 2024, but that followed a sharp decline in February.The U.S. employment data comes amid signs of hawkishness at the Federal Reserve, as Donald Trump pick Kevin Warsh prepares to take over as chair with the U.S. president keen on rate cuts.:: Starmer’s statusThursday's local elections in Britain, usually a non-event for investors, could move markets in a big way, with opinion polls pointing to a heavy defeat for Prime Minister Keir Starmer's Labour Party.A heavy defeat could spark more widespread demands for his dismissal among his own lawmakers and stoke expectations of a successor more willing to run looser budgets. That would bring more bad news for British bonds.::European earningsIt's a big week for European earnings with Shell and Commerzbank among those reporting.On aggregate, profits are expected to grow 3.2% in Q1, according to LSEG I/B/E/S. Under the surface, it's a little bit more complicated. Growth is expected to be driven by just three sectors: financials, tech and energy. The latter is seen as the biggest beneficiary of the Iran war due to higher oil and gas prices.But if the war, and energy surge, persist, the overall outlook for Europe's earnings could turn.
What Businesses Are Saying: The Impact of the Conflict Has Been Limited ... For Now
Businesses reported limited impact from the Middle East conflict in the lead up to the April FOMC meeting, with consumers continuing to spend and more cost pressure and supply chain disruption still to come.
MER 318: Campus Politics–Palestine and the New University Order
Dear Friends and Comrades, Today, we published our spring 2026 issue of Middle East Report, “Campus Politics—Palestine and the New University Order.” Its publication comes on the second anniversary of the university encampments, the high point of campus mobilizations against the Gaza genocide that ignited faculty, student and labor
Regional businesses say Iran war, Trump tariffs are increasing prices, hurting the economy
The Middle East war and Trump's tariffs share some of the blame for a soft economic outlook, business leaders told the Cleveland Fed.
UK exports to Middle East tumble as Iran war hits economy
Rolling coverage of the latest economic and financial news
Global consumer companies face pricing stress test from oil shock
The fragile demand recovery seen by consumer companies globally is at risk of getting stalled by chances of more prices hikes as a result of soaring energy and commodity costs due to the Middle East conflict.
Charting the Global Economy: Euro Area Business Activity Sags
Business activity in the euro area contracted for the first time since 2024 on a pronounced weakening in the services sector as war in the Middle East suppressed demand.
German Business Sentiment Sinks to Lowest Since 2020
Companies are counting the cost of soaring energy prices driven by war in the Middle East and are increasingly pessimistic about the months ahead.
Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold
Businesses have doled out up as much as $4 million to move boats through the Panama Canal with the Strait of Hormuz effectively closed, according to the Panama Canal Authority, in a move that has created a seismic shift in global trade flows. While passage through the waterway usually comes at a flat rate via reservations, companies without reservations can cross by paying an additional fee in an auction for slots, which are awarded to the highest bidder rather than waiting for days off the coast of Panama City. Ships have increasingly traveled through the Panama Canal as shipments are rerouted and buyers purchase from other countries to avoid commerce through now-treacherous Middle Eastern waterway.
Third US aircraft carrier arrives in waters around Middle East
The USS George H.W. Bush has arrived in US Central Command's area of responsibility, boosting the command's available combat power.
Eurozone business activity falls on Mideast war
Business activity in the eurozone contracted for the first time in 16 months in April, as the war in the Middle East drove energy prices up and disrupted global supply
Hyundai Motor reports 31% drop in Q1 operating profit, meets forecasts
Hyundai Motor reported a 31% drop in first-quarter operating profit on Thursday, meeting analysts' estimates, as weaker demand in the Middle East and a recall of its Palisade SUV weighed on earnings.
Petroleum infuses a multitude of everyday items the Iran war could make more expensive
The Iran war’s most tangible and immediate effect for many people outside the Middle East has been spiking gasoline prices.
Approval of Trump on economy falls in new AP-NORC poll, as Iran war drives up prices
The findings from The Associated Press-NORC Center for Public Affairs Research show a president who is struggling with unfulfilled promises to tame inflation and testing Americans’ patience with a conflict in the Middle East that has dragged on longer than expected.
Trump Is Creating a Whole New Class of War Profiteers
New evidence shows that there are certain pecuniary interests at play in our recent excursion into the Middle East.
Gas prices won’t fall quickly. Here are ways to pay less at the pump right now
Although tensions are easing in the Middle East — at least for now — US gas prices will remain far above pre-war levels for weeks, if not months.
Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.
High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
JD Vance: the vice president of diminishing returns
Whether he’s bringing peace to the Middle East or arguing Just War theory with the Bishop of Rome, Vance seems to be everywhere these days
Cyprus: Global politics felt at Candidates chess tournaments
The FIDE Candidates tournaments are two of the most important events in the chess calendar. This year, they took place in Cyprus. But tension relating to Russia and the war in the Middle East was never too far away.
Insurance Coverage Considerations for Sports and Entertainment Events Amid Uncertain Middle East Volatility
Recent geopolitical developments, including escalating US military activity involving Iran, are disrupting the global sports and entertainment landscape. Event cancellations, postponements, and relocations across the Middle East underscore the operational and financial exposure faced by organizers, rights holders, and related stakeholders.
The Iran War Is Changing How Middle East Countries Spend on Sports
The Iran War is changing how Middle Eastern sovereign funds, like Saudi Arabia's PIF and Qatar's QIA, approach sports. LIV Golf may be the latest.
King: Summer is too important for politics to steal
If you can get your mind off the wars in the Middle East and Ukraine, if you can stop checking your 401(K), which seems to have taken off for the
Trump predicts oil prices will drop ‘tremendously’ despite recent surge
President Donald Trump sits down with FOX Business' Maria Bartiromo to discuss escalating Middle East tensions, his warning to Iran on nuclear weapons and why he believes gas prices will drop ahead of the midterms.
Atelerix Forms Strategic Partnership With JH Health Ltd to Expand Non-Cryogenic Cell Preservation Capabilities in the Middle East
NEWCASTLE, England, April 15, 2026--Atelerix, a biotech company revolutionising cell preservation and biological transport with its pioneering hydrogel encapsulation technology, today announced it has established a strategic partnership with JH Health Ltd, a Saudi Arabian company focused on medical and health-related technology. The partnership grants JH Health exclusive rights to use and distribute Atelerix’s hydrogel-based cell and tissue preservation solutions in the Middle East, significantl
JD Vance Heckled In Antiwar Protest at Turning Point USA Event
Vice President JD Vance appeared to express sympathy with critics of the war with Iran: “I recognize that young voters do not love the policy we have in the Middle East, OK. I understand.”
Iran war has some US water utilities facing a fluoride shortage
Some U.S. water utilities are reporting that the Middle East war is disrupting their ability to maintain recommended fluoride levels in the drinking water.
OPEC lowers second-quarter global oil demand forecast on Iran war
OPEC on Monday lowered its forecast for world oil demand in the second quarter, citing the impact of the ongoing war in the Middle East, a copy of its monthly oil report seen by Reuters showed.
European chemical firms, hit hard by Iran war, to report falling Q1 earnings
European chemical companies are expected to report weaker first-quarter results, shedding light on how deep the impact from the war in the Middle East has been on an industry largely seen as one of the most exposed to it.
IMF director says shock from US-Iran War is 'baked' into the economy
War has ravaged the Middle East for 43 days, but the damage could take years to repair amid tension at the Strait of Hormuz and damaged oil hubs.
Trump raked in $28 million from Middle East business deals. Then he started a war.
The president's Persian Gulf real estate projects are worth roughly $17 billion.
G7 One Health Summit launches global diagnostics initiative, and other health stories
Top health news: G7 launches global diagnostics initiative; Five actions to end tuberculosis; Middle East conflict impacts healthcare.
Sterling ticks higher, remains driven by Middle East developments
The pound inched higher on the dollar on Thursday and held onto the bulk of U.S.-Iran ceasefire-inspired gains the previous session, though with that deal looking fragile it failed to climb any further.
Democrats push to pass Iran war powers resolution despite House recess, accusing Trump of ‘unhinged behavior’
Hakeem Jeffries, the House Democrat leader, will use pro forma session to try to pass measure requiring president to withdraw US forces from Middle East
Oil price rises as markets question durability of Middle East ceasefire
Gas prices also increase, while global stock markets slip back after strong rally on Wednesday
Oil rises and Asian stocks fall amid worries over ‘fragile’ ceasefire deal in Middle East
Rolling coverage of the latest economic and financial news
A teetering ceasefire bodes ill for treacherous US-Iran talks ahead
The sad truth is that Middle East ceasefires don’t always stop the shooting.
Generations Of Damage: WHO Warns Of Middle East Health Collapse Amid Funding Shortfall
“The Middle East is among the most water-stressed regions globally. The Gulf hosts approximately 400 desalination plants producing 40% of the world's
‘No War on Iran’ protest in Seattle cut short by counterprotest
On a momentous day of tensions in the Middle East, an anti-war rally at Seattle City Hall grew heated Tuesday afternoon.
U.S., Georgia partnership strengthens military mental health, resilie
As part of a comprehensive mental health engagement from March 2-6, experts from the Walter Reed Army Institute of Research Europe-Middle East (WRAIR-EME) and Global Health Engagements (GHE) Branch
Venture Global cashing in as gas markets tighten
Venture Global is poised to reap significant profits from the latest global energy shock, as disruptions in the Middle East tighten liquefied natural gas supplies, The Wall Street Journal writes. The exporter, which has several Louisiana-based projects, has built a lucrative strategy around selling a sizable portion of its cargo on the volatile spot market, […]
Oil rises above $110 as Trump deadline looms for Iran to reopen strait
IMF head warns Middle East war will lead to higher inflation and slower global growth
Mass. business confidence slips back into pessimistic territory
Amid ongoing conflict in the Middle East, Massachusetts’ business confidence returned to pessimistic territory in March.
Commentary: Summer Is too important for politics to steal
If you can get your mind off the wars in the Middle East and Ukraine, if you can stop checking your 401(K), which seems to have taken off for the
Saudi Arabia's non-oil business activity shrinks in March amid conflict, PMI shows
Saudi Arabia's non-oil private sector activity contracted in March for the first time since August 2020, as the war in the Middle East snarled up supply chains, a business survey showed on Sunday.
BOJ to raise rates with eye on Iran war fallout, central bank official says
The Bank of Japan will continue to raise interest rates while keeping a close eye on how the Middle East conflict affects the economy and underlying inflation, a senior central bank official said on Friday.
Exclusive: Oil giants show early interest in US Gulf deepwater field stake, sources say
European energy majors TotalEnergies and Shell are among companies eyeing a majority stake in one of the U.S. Gulf's most promising sites, three sources with knowledge of the process said, as interest in North American energy prospects rises due to the Middle East conflict.
Why Trump’s Iran Address Failed to Soothe Markets
Oil surged and stocks sold off after the president delivered an unclear case for continuing the war in the Middle East.
Tracking the fate of the dollar a year on from 'Liberation Day'
A year on from U.S. President Donald Trump's sweeping 'Liberation Day' tariffs, the dollar looks in much stronger shape with its safe-haven credentials reasserted in the face of war in the Middle East.
Dubai-Based Storyfied Ventures Launches as ‘First’ Strategic Brand Entertainment Outfit in Middle East
A new Dubai-based company called Storyfied Ventures dedicated to strategic partnerships between brands and entertainment content in the Middle East and North Africa (MENA) region is being launched by ...
Iran threatens US-owned companies, including Meta and JP Morgan
Iran's Revolutionary Guard on Tuesday threatened US-owned companies with a presence in the Middle East.
Oil price tumbles and stock markets soar on hopes Middle East war will end soon
Rolling coverage of the latest economic and financial news
Sentiment improves among Japan's big firms, but Iran war clouds outlook
Business sentiment among large Japanese manufacturers improved in the three months to March, according to a closely watched survey released on Wednesday, a sign that increasing economic uncertainty from the Middle East conflict has yet to hit morale.
Oil rises for a fourth day on supply cuts from widening Middle East conflict
Oil prices rose for a fourth day on Tuesday, with Brent crude poised for its largest monthly gain on record and U.S. crude futures set for their strongest monthly increase since 2020, because of supply constraints from the widening Middle East war.
New Zealand Business Sentiment Hits Lowest Since 2024 Recession
New Zealand business sentiment slumped in March to the lowest since mid-2024 when the economy was in recession as the Middle East conflict hits the outlook for earnings and investment.
Exclusive: Unilever imposes global hiring freeze, citing Middle East war effects, memo says
Dove soap maker Unilever has implemented a global hiring freeze "at all levels" that will last at least three months, citing the effects of the widening conflict in the Middle East, according to a memo seen by Reuters.
Iranian attack on Saudi base injures US troops. More American forces arrive in the Middle East
w drone-surveillance-and-warfare iran-war war-and-unrest general-news military-and-defense washington-news world-news | WBEN
Iran’s efforts to mount attacks against US extend far beyond its military. Here’s what to know
As the US sends large numbers of troops to the Middle East, preparing for a possible ground incursion, Iran’s willingness to inspire lone-wolf attacks, lead cyber hacks, and conduct assassination operations abroad is likely to increase, terrorism experts and US law enforcement officials told CNN.
Stocks tumble, Dow confirms correction territory, as Middle East tensions drag
U.S. stocks tumbled on Friday, with each of the three major indexes closing at their lowest levels in over seven months and the Dow confirming it was in correction territory
Business Lookahead: Gauging the war's impact
STORY: From a worrying drop in stocks to a surge in energy prices from the war in the Middle East to key data on jobs and trade, these are the stories to watch in business and finance in the coming week. ::Look Ahead::War impactThe first quarter is ending with financial markets at the mercy of geopolitics.The Iran war has wiped roughly $7 trillion off global stocks since it erupted.With oil prices up nearly 70% year to date, suddenly interest rates are heading up, rather than down, and energy-hungry AI does not look like such a slam-dunk anymore.Meanwhile, gold has plunged 16% after being nearly unstoppable since the start of 2025.We’ll see whether markets roll on or rollover as the second quarter begins.::Job growth in focusThe U.S. jobs report for March comes out Friday.It will offer a crucial view into the economy's health as investors gauge fallout from the energy price surge.Monthly payrolls are seen rising by 48,000, according to a Reuters poll. February's surprisingly weak report caught Wall Street off guard, showing nonfarm payrolls fell by 92,000 while the unemployment rate increased to 4.4%.Uncertainty over the Iran war is also clouding the economic forecasts for the Federal Reserve, with Wall Street pulling back on expectations for U.S. interest rate cuts this year as the oil price surge fuels concerns about rising inflation.Other U.S. data in the coming week includes retail sales for February and reports on manufacturing and services activity.::Chip checkSouth Korea releases its trade data for March on Wednesday.It will provide an early indicator of how the global economy is holding up in the face of the war and the resulting shock to energy prices. Korea's export-heavy economy is a bellwether for global trade and one of the first to report data from the previous month.Its manufacturing fortunes are of even greater interest than usual, not just because of its dependence on Middle Eastern energy imports, but also because its world-leading DRAM chips are of critical importance to the AI sector and currently in short supply too. ::Inflation assessmentAnd flash euro zone inflation for March is due on Tuesday. After long hovering around the 2% mark, higher energy prices are now expected to push headline inflation up, as they did in 2022. The question is, how large and sustained any jump in inflation might be.Early data is not painting a pretty picture. Private sector growth in the euro zone slowed sharply in March, with input costs rising to their highest in more than three years and supply chains being significantly disrupted.Money markets are now heavily pricing in a rate hike which was almost unthinkable before the Iran war.
NTT Data CEO on managing business in the Middle East amid on-going conflict
Abhijit Dubey CEO of NTT Data says rising energy prices so far have had little impact on their data center businesses due to the long-term contracts and their ability to pass on costs to customers.
WHO warns of health crisis ‘unfolding in real time’ across Middle East
Hostilities should halt and healthcare facilities must be treated as ‘safe havens’, WHO’s regional chief has said
US oil prices rise as investors assess Middle East de-escalation
U.S. oil prices rose in early trade on Thursday, recovering some of the previous day's losses as investors assessed prospects for de-escalation in the Middle East and Iran reviewed a U.S. proposal to end the war, which has disrupted energy flows from the Gulf.
U.S. Circulates Iran Peace Plan While Sending Troops to the Middle East
The 2,000 paratroopers heading to the region may give President Trump more leverage in negotiations, but they also leave him with the option of doubling down on military force.
Approximately 1,000 US soldiers preparing to deploy to the Middle East to be available for Iran operations
Approximately 1,000 US soldiers with the Army’s 82nd Airborne Division are expecting to deploy in coming days to the Middle East, according to two sources familiar with the matter, adding to the growing military firepower in the region as the Trump administration says it is in talks with Iran to end the conflict
Pound loses footing, business activity growth slows on Iran war hit
The British pound fell against the dollar on Tuesday, reversing some of its rise from the day before, as the Middle East war continues to hold sway over markets and as signs emerged that the conflict was starting to affect Britain's economy.
Investors Question Whether Quick Peace in Iran Is Possible
Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
Home heating oil firms squeezed as diesel, crude prices surge amid Middle East tensions
It's a volatile market for home heating oil businesses. Rising oil and fuel costs after a brutal winter have customers calling and asking for help.
Brent crude oil back over $100 a barrel as optimism over Middle East de-escalation fades
Rolling coverage of the latest economic and financial news
No 10 says Starmer had ‘constructive’ call with Trump on Middle East and strait of Hormuz
PM will meet with the Commons liaison committee and chair the government’s Cobra emergency committee today
The war on Iran is in its fourth week. Here’s what to know
Three full weeks of the war the US and Israel launched against Iran have shocked the world oil market, pierced a sense of safety in parts of the Middle East, and claimed the lives of US service members and civilians in multiple countries.
The Antidote to Our Growing Crises Must Transcend Politics
Each day, the challenges in our nation pile up. In just recent weeks, there has been the ongoing war in Iran and the Middle East, and ongoing debates about the growing negative impact of the Internet, looming AI challenges, and the Epstein files. The anticipation of divisive, even ugly, midterm elec...
Pentagon orders 2,500 troops, 3 warships from California to the Middle East
The Pentagon deployed three warships and roughly 2,500 Marines to the Middle East from the California-based USS Boxer amphibious ready group and the 11th Marine Expeditionary Unit.
Lebanon: Israel must halt attacks on healthcare workers, medical facilities and first responders
Responding to the killings and injuries of dozens of healthcare workers and first responders in Lebanon since 2 March 2026, amid escalating attacks by the Israeli military and its allegations – without providing evidence – that ambulances and healthcare sites are being used for military activities and may be targeted, Kristine Beckerle, Deputy Regional Director for the Middle East and North Africa at Amnesty International, said: “Israel is deploying the same deadly playbook it used in 2024 in Lebanon to kill dozens […]
Bank of England expected to leave interest rates on hold as Middle East crisis drives up oil and gas prices
Rolling coverage of the latest economic and financial news
Helium prices increase due to ongoing conflict in Middle East
The price of helium has doubled as the Straight of Hormuz remains closed.
Thai Leader Anutin Set to Extend Rule in Vote After Election Win
Thai Prime Minister Anutin Charnvirakul is poised to win lawmaker approval for a new term less than six weeks after elections, potentially bringing stability to the country’s often volatile political landscape and allowing him to manage the fallout from the war in the Middle East.
‘Worst-case scenario’: Middle East nuclear concerns haunt top health officials
The WHO is remaining “vigilant” for any kind of atomic threat.
Oil prices jump as Iran warns Strait of Hormuz ‘cannot be the same’
Oil prices spiked Tuesday as Iran intensified its attacks on energy infrastructure across the Middle East and a senior regime figure suggested that the crucial Strait of Hormuz wouldn’t become safe for ships anytime soon.
US race to counter Iranian drones echoes response to roadside bombs in Iraq and Afghanistan
Facing deadly Iranian drone attacks across the Middle East, the US military has been rushing defensive systems into the region while adjusting to a threat that has come to dominates modern battlefields and carries echoes of a weapon that haunted service members during the 20 years of the war on terror.
The Persian Gulf, a booming business for the Trump family
The US president and his children maintain a thriving relationship with entities and authorities in the Middle East, where they have expanded their activities since the Republican’s return to the White House
Gulf investors seen likely to keep funding Africa renewable energy despite the Iran war
Renewable energy projects in Africa that depend on Middle Eastern sovereign wealth funds and state-backed companies will likely press ahead despite the Iran conflict, analysts say, thanks to the continent's surging appetite for power and fuel.
2 of US' 3 mine-hunting ships for Middle East just seen in Asia
The Independence-class littoral combat ships were seen docked at Penang amid worries that Iran may mine the Strait of Hormuz.
If Trump has already won the Iran war, why does he need foreign ships to help him end it?
A week ago, President Donald Trump told Britain not to bother sending ships to the Middle East because he’d already won the Iran war.
Middle East crisis: UN health agency releases emergency funds for Lebanon, Iraq, Syria
The UN World Health Organization (WHO) is releasing another $2 million in emergency funds to support health systems in Lebanon, Iraq and Syria as strikes against Iran by the US and Israeli continue amid counterstrikes across the Gulf and wider region by Tehran.
WHO releases US$2 million in emergency funds to support health response in Lebanon, Iraq and Syria
15 March 2026, Cairo, Egypt — As humanitarian health needs continue to rise across parts of the Middle East, WHO has released US$2 million from its Contingency Fund for Emergencies (CFE) to support the health response...
Trump says Iran is ready to negotiate a ceasefire but he's not ready to make a deal
The president said the "terms aren't good enough yet" to make a deal with Iran amid a widening war in the Middle East.
Trump’s war alliance with Israel is reshaping the Middle East
President Trump is the first American leader to embrace fighting a full-fledged, joint war with Israel. Washington has tried to avoid that level of coordination in the past.
Escalating war in Middle East, Georgia special election, World Cup
This week's episode is on the impacts of the war, the special U.S. House election in Georgia and the geopolitics of the FIFA World Cup.
Trump’s War Alliance With Israel Is Reshaping the Middle East. But It Carries Risks.
President Trump is the first American leader to embrace fighting a full-fledged, joint war with Israel. Washington has tried to avoid that level of coordination in the past.
F1 set to cancel Bahrain and Saudi Arabian Grands Prix due to war in Middle East as 2026 calendar to drop to 22 races
Formula 1 is set to cancel the Bahrain and Saudi Arabian Grands Prix by the end of this weekend due to ongoing Middle East conflict; watch the Chinese GP Sprint live on Sky Sports F1 at 3am on Saturday, followed by full qualifying at 7am
Netanyahu sells regional change as hopes for Iran regime change fade
Israeli leaders are framing the bombing campaign as having transformed the Middle East in their favour as pressure to end the conflict builds.
US troops used ATACMS missile to sink Iranian ships, submarine: Caine
US troops in the Middle East have used a ground-based ballistic missile system to sink multiple Iranian ships, Gen. Dan Caine said.
Pete Hegseth wanted an ‘American Crusade.’ Now he’s leading a war in the Middle East
In the war the US launched on the Islamic Republic, the US secretary of war, as he prefers to be called, likes to talk about how the Christian God is on his side.