Latest Middle East News

Biden avoids a further Mideast spiral as Israel and Iran show restraint. But for how long?

Apr. 20, 2024 14:18 PM EDT

WASHINGTON (AP) — President Joe Biden can breathe a bit easier, at least for the moment, now that Israel and Iran appear to have stepped back from the brink of tipping the Middle East into all-out war. Israel's retaliatory strikes on Iran and Syria caused limited damage. The...

Satellite image analyzed by AP shows damage after Iranian attack on Israeli desert air base

Apr. 20, 2024 10:31 AM EDT

DUBAI, United Arab Emirates (AP) — An Iranian attack on an Israeli desert air base last week as part of Tehran's unprecedented assault on the country damaged a taxiway, a satellite image analyzed by The Associated Press on Saturday shows. The overall damage done to Nevatim air base...

Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week

Apr. 19, 2024 17:37 PM EDT

NEW YORK (AP) — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. The S&P 500 dropped 0.9% to close out its third straight losing week. That’s its longest such streak since...

The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts

Apr. 19, 2024 15:37 PM EDT

OMAHA, Neb. (AP) — The Environmental Protection Agency cleared the way Friday for a higher blend of ethanol to be sold nationwide for the third summer in a row, citing global conflicts that it says are putting pressure on the world's fuel supply. The agency announced an emergency...

Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations

Apr. 19, 2024 14:51 PM EDT

WASHINGTON (AP) — A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday. SCG Plastics Co. used U.S. banks to process $291 million in sales of Iranian...

Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare

Apr. 18, 2024 23:32 PM EDT

HONG KONG (AP) — Asian stocks tumbled Friday, with Japan’s Nikkei slumping 3.5% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment across the region, and U.S. futures were sharply lower. ...

US and UK issue new sanctions on Iran in response to Tehran's weekend attack on Israel

Apr. 18, 2024 17:16 PM EDT

WASHINGTON (AP) — The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle East. The sanctions are meant to hold Iran accountable for its weekend attack and to deter...

G7 ministers eye targeted sanctions on Iran and a message of restraint for Israel at Italy meeting

Apr. 17, 2024 14:34 PM EDT

CAPRI, Italy (AP) — Group of Seven foreign ministers are meeting on the Italian resort island of Capri, with the agenda topped by calls Wednesday for targeted new sanctions against Iran over its attack against Israel and more aid to Ukraine to fight Russia’s war. Under Italy’s...

Protests, heightened terror threat mean tight security at Eurovision Song Contest in Sweden

Apr. 17, 2024 09:44 AM EDT

COPENHAGEN, Denmark (AP) — Security will be tight during next month’s Eurovision Song Contest in the southern Sweden city of Malmo, police said Wednesday, citing demonstrations that could lead to unrests and a heightened threat of terrorism in the Scandinavian country. “The...

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Apr. 16, 2024 23:12 PM EDT

TOKYO (AP) — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data...