War in the Middle East
Coverage of War in the Middle East in the Nexus archive.
- Africa: Middle East War Drives Up Bitumen Costs for African Road Builders
War in the Middle East is increasing bitumen prices and delivery times, impacting African road builders in countries like Madagascar, Guinea, and Cameroon. Firms are renegotiating contracts and adjusting supply strategies due to rising costs.
- Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average U.S. 30-year fixed mortgage rate fell to 6.48% from 6.53% last week, marking a retreat from its nine-month high. The decline follows rising rates linked to the war in the Middle East, which has driven oil prices and inflation fears upward, though rates remain above the 6% threshold seen in late February. Housing market activity remains sluggish due to sustained high rates.
- Israeli opposition leader pushes back on reported US-Iran peace framework
Israeli opposition leader Yair Lapid criticized a reported U.S.-Iran peace framework aimed at ending the Middle East war, calling it a 'disaster' and expressing support for the ongoing conflict. He emphasized his opposition to the deal on social media.
- Flight cancellations grow as fuel prices surge worldwide
Airlines worldwide are canceling flights due to rising jet fuel prices caused by the war in the Middle East. The conflict has strained fuel supplies, leading to broader disruptions beyond flight cancellations.
- What to know if your flight is canceled over rising jet fuel costs
Airlines worldwide are canceling flights due to rising jet fuel prices caused by the war in the Middle East, which is straining fuel supplies. The situation is leading to broader disruptions beyond flight cancellations.
- Sainsbury's warns war in the Middle East could weigh on profits
Sainsbury's has issued a warning that the ongoing conflict in the Middle East may negatively impact its financial performance. The company cited potential disruptions to supply chains and increased operational costs as key concerns.
- Government to propose electricity price changes in clean power push
The UK government plans to propose electricity price changes as part of a clean energy initiative. The ongoing war in the Middle East has highlighted Britain's vulnerability to energy price fluctuations.
- Whoever’s Stopping It, the Oil Doesn’t Get Through
US Vice President JD Vance visited Ramstein Air Base in Germany following talks on Iran. Iran and the United States failed to reach a deal to end the Middle East war, though a fragile truce remains in place.