Breakfast News Recap: Oil spike and Middle East tensions rattle markets as wars widen across several fronts
Donald Trump said he had no regrets about launching the US Israeli war against Iran, even as Gulf diplomacy intensified over the risk of the conflict spilling further across the region. 🔗
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Oil surged above $105 a barrel as attacks on shipping intensified around the Strait of Hormuz and the Red Sea, adding to pressure on consumers and transport costs. Australian motorists are expected to face higher fuel prices in the coming weeks, with prices on track to rise by 20 to 25 cents a litre. 🔗 🔗
In Gaza, Israeli strikes killed a family of four, including two children, in Beit Lahia and left at least five more people dead in separate attacks across the enclave, underlining the continuing civilian toll. 🔗 Israel also said it destroyed Hezbollah underground infrastructure at the Ali al Taher ridge in southern Lebanon and would remain in the area to stop the group from reestablishing itself. 🔗
Yemen has entered what the UN special envoy Hans Grundberg called a new and more dangerous phase of war after Houthi rebels captured Mocha near Bab al Mandeb, a strategic point close to one of the world's busiest shipping routes. 🔗
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Russia stepped up pressure on Ukraine's Donbas fortress cities, with police saying it was now too dangerous for civilians to stay in Slovyansk and Kramatorsk as evacuations expanded. A separate Russian drone strike on a shopping centre in Pavlohrad killed four people and wounded 60, while Amnesty International accused Moscow of luring vulnerable foreigners into fighting in Ukraine through fake job offers and coercive military contracts. 🔗 🔗 🔗
Vladimir Putin arrived in New Delhi for a two day BRICS summit expected to focus on the wars in Ukraine and the Middle East, while Canada announced new support for Ukraine, including air defence help, drone stocks and energy infrastructure assistance during Volodymyr Zelenskyy's visit to Calgary. 🔗 🔗
In Asia, Hong Kong activists were sentenced to prison terms of up to seven years and three months over annual Tiananmen vigils, while Taiwan's Vice President Hsiao Bi khim made a rare visit to Italy for a democracy conference. 🔗 🔗 In Australia, a founding figure of the Greens backed senators who broke ranks over a native forest carbon credit plan linked to the Great Koala National Park. 🔗
Across the Americas and Europe, the US Supreme Court blocked a Trump backed Missouri congressional map, Trump promised a 5,000 dollar payout to every adult American if Republicans keep Congress, and JD Vance attacked Democrats as the party of hatred at a Republican convention in Dallas. Spain's lower house backed citizenship for Western Saharans born before 1977, France warned a TV channel over a possible return of expelled pro Kremlin commentator Xenia Fedorova, and the UK home secretary ordered a tougher police response after anti migrant protests in Dover and Portsmouth. 🔗 🔗 🔗 🔗 🔗 🔗
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Elsewhere, Algeria cut diplomatic ties with the UAE and closed its airspace to Emirati aircraft, Peru said it would join the US led Shield of the Americas security alliance after talks with Marco Rubio, and Morocco denied any role in the Ceuta migrant surge into Spain. 🔗 🔗 🔗
In technology and security, Anthropic said its Claude models were used in attempts to support missile guidance software in northern Yemen and to run a Russian linked espionage operation, and separately said it had disrupted multiple state sponsored surveillance operations linked to China, Iran and North Korea. 🔗 🔗
In the United States justice system, an Indian citizen on a student visa was sentenced for defrauding a Vietnam veteran, a repeat felon in Washington DC received 10 years for two shootings and illegal gun possession, a Colombian national was indicted in Greenville in a 135 million dollar money laundering conspiracy, and a Cuban national was sentenced in Las Vegas for assaulting airport security officers. 🔗 🔗 🔗 🔗
Financial glimpse
Wall Street finished mixed, with the S and P 500 and Nasdaq edging lower while the Dow and Russell 2000 fell more sharply, as oil jumped above 100 dollars and Meta surged. 🔗
Asia Pacific markets were weaker, with Tokyo opening and then closing lower, the Nikkei 225 down 1.7 percent and the ASX 200 off 2.1 percent, while Hong Kong also lost ground and South Korea's Kospi outperformed. 🔗 🔗
Europe opened sharply lower, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all falling more than 2 percent as Brent crude climbed above 105 dollars, though autos and gold held up better than the wider market. 🔗
Sources in this recap
- 🔗 Trump says he has no regrets as Gulf diplomacy intensifies over Iran war spillover
- 🔗 Israeli strikes kill family of four in northern Gaza as deaths rise across enclave
- 🔗 Yemen war enters a more dangerous phase as Houthis seize Mocha near Bab al-Mandeb
- 🔗 Greens co-founder backs senators over split on koala park carbon credits
- 🔗 Anthropic says Claude was used in missile guidance and espionage operations
- 🔗 Putin arrives in New Delhi as BRICS summit opens amid Ukraine and Middle East wars
- 🔗 Oil jumps above $105 as tanker attacks intensify around Hormuz and the Red Sea
- 🔗 Australian fuel prices set to rise as oil spikes and markets sell off
- 🔗 Hong Kong Tiananmen vigil activists sentenced as court hands down prison terms
- 🔗 Russia intensifies pressure on Ukraine's Donbas fortress cities as evacuations expand
- 🔗 Amnesty says Russia lured vulnerable foreigners into fighting in Ukraine
- 🔗 Algeria cuts diplomatic ties with UAE and closes airspace to Emirati aircraft
- 🔗 Four killed and 60 injured in Russian strike on shopping centre in Pavlohrad
- 🔗 US Supreme Court blocks Trump-backed Missouri congressional map ahead of midterms
- 🔗 Israel says it destroyed Hezbollah base in Lebanon's Ali al-Taher ridge, as forces stay in area
- 🔗 Anthropic says state actors used its AI for surveillance operations
- 🔗 Peru joins US-led Shield of the Americas security alliance after talks with Marco Rubio
- 🔗 Morocco denies role in Ceuta migrant surge into Spain
- 🔗 Canada pledges air defence and energy support for Ukraine as Zelenskyy visits Calgary
- 🔗 Trump pledges $5,000 payout to every adult American if Republicans keep Congress
- 🔗 Taiwan Vice President Hsiao Bi-khim makes rare Italy visit for democracy conference
- 🔗 Spain's lower house backs citizenship bill for Western Saharans born before 1977
- 🔗 UK home secretary orders tougher police response after anti-migrant protests in Dover and Portsmouth
- 🔗 Vance brands Democrats 'party of hatred' as Trump rallies Republicans in Dallas
- 🔗 France warns TV channel over possible return of expelled pro-Kremlin commentator
- 🔗 FAO says Nepal floods damaged 1,800 hectares of crops and killed thousands of livestock
- 🔗 Indian citizen in U.S. on student visa sentenced for defrauding Vietnam veteran
- 🔗 D.C. repeat felon sentenced to 10 years for two shootings and illegal gun possession
- 🔗 Colombian National Indicted in Greenville in $135M Money Laundering Conspiracy
- 🔗 Cuban National Sentenced to 33 Months for Assaulting Airport Security Officers in Las Vegas
#oil #MiddleEast #Ukraine #markets #diplomacy #breakingrecap #recapbreakfast
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