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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. 
Objects are seen in the sky above Jerusalem after Iran launched drones and missiles towards Israel, in Jerusalem April 14, 2024. (Photo: Reuters) Premium
wsj

Iran’s attack on Israel: What happened and why

4 min read . 15 Apr 2024
Protesters calling for the immediate release of Israeli hostages held in Gaza since the deadly October 7 attack on Israel by the Palestinian Islamist group Hamas, in Tel Aviv, Israel, April 18, 2024. (Photo: Reuters) Premium
wsj

Israel’s military spy chief quits, first to shoulder blame for Hamas attack

2 min read . 22 Apr 2024
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
A woman walks past a banner depicting launching missiles bearing the emblem of the Islamic Republic of Iran in central Tehran. Iran has urged Israel not to retaliate militarily to an unprecedented attack overnight, which Tehran presented as a justified response to a deadly strike on its consulate building in Damascus. (Photo: AFP) Premium
wsj

Inside the White House’s frenetic scramble to avert a full-blown Middle East war

8 min read . 21 Apr 2024
Israeli soldiers display an Iranian ballistic missile that fell in Israel during last weekend’s attack. PHOTO: GIL COHEN-MAGEN/AGENCE FRANCE-PRESSE/GETTY IMAGES Premium
wsj

Iran’s nuclear calculus has now become more dangerous

9 min read . 20 Apr 2024
A model of a missile is carried by Iranian demonstrators as a minaret and dome of a mosque is seen at background during an anti-Israeli gathering at the Felestin (Palestine) Sq. in Tehran, Iran, Monday, April 15, 2024. (AP) Premium

Will a West Asia conflict ruin the interim budget math?

3 min read . 15 Apr 2024
For its pitch of ‘Pax Americana’ not to ring hollow in West Asia, US President Joe Biden should show statesmanship. (AP) Premium

Cold War II: The world needs to minimize hot eruptions in West Asia

3 min read . 16 Apr 2024
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024 (Amir Cohen/REUTERS) Premium

Iran-Israel flare-up: What does it mean for India?

2 min read . 14 Apr 2024
An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel. (Reuters) Premium

Mint Explainer: How the Iran-Israel conflict impacts India

2 min read . 14 Apr 2024
An Israeli jet fighter at an air base. (Reuters) Premium
wsj

How the U.S. forged a Middle Eastern alliance to repel Iran’s Israel attack

6 min read . 15 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
Demonstrators carry flags during a protest called by Lebanese Sunni Islamist faction Jama'a Islamiya and Palestinian Islamist group Hamas, in support of Palestinians in Gaza, in Sidon, Lebanon November 17, 2023. REUTERS/Aziz Taher (REUTERS) Premium
economist

A religious revolution is under way in the Middle East

8 min read . 01 Feb 2024
U.S. President Joe Biden is briefed on the deadly drone attack at a U.S. outpost in Jordan, by Director of National Intelligence Avril Haines, Secretary of Defense Lloyd Austin and other members of the national security team in the Situation Room at the White House in Washington, U.S. January 29, 2024. The White House/Handout via REUTERS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY (via REUTERS) Premium
wsj

The Middle East Is Biden’s Worst Crisis

3 min read . 30 Jan 2024
This pool photograph distributed by Russian state owned agency Sputnik shows Chinese President Xi Jinping attending a meeting with Russian Prime Minister in Beijing on December 20, 2023. (Photo by Dmitry ASTAKHOV / POOL / AFP) (AFP) Premium
wsj

Beijing’s Passive-Aggressive Middle East Policy

3 min read . 29 Jan 2024
Prime Minister Benjamin Netanyahu has told families of hostages held in Gaza that Israel has accepted a new ceasefire proposal presented by U.S. President Donald Trump's Middle East envoy Steve Witkoff, Israeli media reported on Thursday. (via REUTERS) Premium

Netanyahu confirms Israel’s acceptance of Witkoff’s New Gaza truce proposal

2 min read . 29 May 2025
Yemenis wearing masks representing US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, are paraded as mock prisoners during a rally in solidarity with Palestinians in the Gaza Strip, in the Houthi-controlled capital Sanaa. (File Photo: AFP) Premium
barrons

How Yemen’s Houthis punch above their weight

6 min read . 25 May 2025
The body of Muhammad Sinwar, the senior Hamas leader who took command of the militant group in Gaza following the death of his brother Yahya Sinwar last year, has reportedly been found in a tunnel struck by the Israel Defense Forces (IDF) last week (IDF/ X) Premium

Hamas leader Muhammad Sinwar found dead in Gaza tunnel hit by IDF airstrike

2 min read . 18 May 2025
Sheikh Mohamed bin Zayed Al Nahyan, president of the United Arab Emirates, welcomed President Trump upon his arrival Thursday in Abu Dhabi. Photo: Giuseppe Cacace/Agence France-Presse/Getty Images Premium
wsj

Trump’s Middle East tour boosts Arab states at Israel’s expense

5 min read . 17 May 2025
Crowds of people have chanted ‘Hamas out’ with little repercussions from the weakened militant group. Photo: Ahmad Salem/Bloomberg News Premium
wsj

In Gaza, long-suffering Palestinians are directing their anger at Hamas

6 min read . 17 May 2025
About 70% of the orders that the company received during the quarter were from overseas. (Reuters) Premium

Global engines power order growth for L&T

3 min read . 08 May 2025
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