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Business News/Topic/    Middle East Crisis

MIDDLE EAST CRISIS

The Middle East, known for its rich fossil fuel reserves, has long been a hotspot for geopolitical instability, characterised by power struggles, invasions, and coups. The focus has recently shifted to West Asia, particularly the ongoing conflict between Israel and Hamas-controlled Gaza. This conflict has lasted over six months, with Israel facing significant criticism and retaliation from neighbouring countries for its actions in Gaza, which have resulted in thousands of deaths. Iran escalated the situation further by launching drone attacks on Israel earlier this month. The involvement of multiple regional players heightens the stakes, as instability in this area poses a risk to oil markets, a critical global commodity. This backdrop of fluctuating oil prices and escalating conflicts continues to impact global markets, underscoring the region's significance in international affairs. We have collated the latest stories on Middle East from the Wall Street Journal, The Economist and from our reporters at Mint, to keep you on the top of all the developments. 
Motorists drive their vehicles past a billboard depicting Iranian missiles in Tehran. (File Photo: AFP) Premium
economist

Why Iran is hard to intimidate

5 min read . 22 Apr 2024
U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu discuss the war between Israel and Hamas in Tel Aviv, Oct. 18, 2023. PHOTO: POOL/REUTERS Premium
wsj

Biden’s Middle East Is a Fantasy World

4 min read . 14 Mar 2024
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