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Europe to Offer Iran 'Diplomatic Solution' to War with Israel
This is Beirut 2025-06-20 15:45 - Reading : 5 minute(s)
Nawaf Salam Europe Donald Trump Emmanuel Macron Benjamin Netanyahu
European powers hope to offer a "diplomatic solution" to end the Iran-Israel war at talks in Geneva with Iran's foreign minister, French President Emmanuel Macron said Friday. It comes as US President Donald Trump mulls the prospect of entering a war now in its second week. Israel, saying Iran was on the verge of developing nuclear weapons, ...
Israel, Iran: Day 4 of Strikes
This is Beirut 2025-06-16 07:55 - Reading : 4 minute(s)
Nawaf Salam Donald Trump Benjamin Netanyahu G7 Iran Haifa
The conflict between Iran and Israel entered its fourth day on Monday, with continued missile exchanges, mounting civilian casualties, and growing international concern as G7 leaders convene in Canada to address the crisis. In the early hours of Monday morning, a new wave of Iranian missiles targeted multiple locations across Israel, triggering ...
Israel Defense Minister Warns 'Residents of Tehran will Pay Price' for Strikes on Civilians
This is Beirut 2025-06-16 09:00 - Reading : less than a minute
Israeli Defense Minister Israel Katz on Monday warned that Tehran's residents would "pay the price" for Iranian strikes on Israeli civilians, after overnight missile attacks killed several. "The boastful dictator from Tehran has turned into a cowardly murderer, deliberately firing at Israel's civilian home front in an attempt to deter the ...
Oil Prices fall Even as Israel-Iran Strikes Extend into Fourth Day
This is Beirut 2025-06-16 12:20 - Reading : 4 minute(s)
Nawaf Salam Middle East Oil Gold Price
Oil prices retreated on Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks. Gold prices rose back towards a record high thanks to a rush into safe havens but equities were mixed amid hopes that the conflict does not spread. Investors were ...
Israel-Iran Conflict: Latest Developments
This is Beirut 2025-06-16 18:24 - Reading : 4 minute(s)
Israel and Iran traded deadly fire for a fourth consecutive day on Monday in their most intense confrontation in history, fueling fears of a drawn-out conflict that could engulf the Middle East. The longtime foes have fought a prolonged shadow war through proxies and covert operations, with Israel battling several Iran-backed groups in the ...
Art Basel 2025 Opens Thursday With Eyes on the Market
This is Beirut 2025-06-17 10:30 - Reading : 3 minute(s)
Switzerland Art Basel Painting Sculpture Art Culture
The Art Basel fair will open its doors to the public on Thursday, after two and a half days reserved for collectors. The event will serve as a barometer for the contemporary art market, which has cooled in recent months due to economic and geopolitical uncertainties. Even before the fair officially kicked off, big numbers were already ...
Matthew Perry’s Doctor to Plead Guilty in Overdose Case
This is Beirut 2025-06-17 14:00 - Reading : 2 minute(s)
Nawaf Salam Matthew Perry Actor Series Culture Art
The main doctor charged in connection with the drug overdose of Friends star Matthew Perry is expected to enter a guilty plea in the coming weeks, the US Justice Department said Monday. Salvador Plasencia "has agreed to plead guilty to four counts of distribution of ketamine, which carries a statutory maximum sentence of 40 years in federal ...
Oil Stabilises After Surge, Stocks Drop as Mideast Crisis Fuels Jitters
This is Beirut 2025-06-18 09:50 - Reading : 3 minute(s)
Oil prices stabilized Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran's "unconditional surrender". Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East ...
Economy on Hold: Lebanon Trapped in Other People's War
Christiane Tager 2025-06-18 20:55 - Reading : 3 minute(s)
Nawaf Salam Lebanon Iran economy
With regional tensions mounting, Lebanon’s economy teeters between stagnation and potential collapse. Nassib Ghobril, Chief Economist at Byblos Bank, tells This is Beirut that the conflict’s primary consequence is widespread instability, discouraging investment, slowing trade, and deterring tourism. The looming threat of war—particularly ...
Iran-Israel War: Latest Developments
This is Beirut 2025-06-19 21:50 - Reading : 5 minute(s)
Nawaf Salam Donald Trump Benjamin Netanyahu Iran war nuclear
Israel and Iran exchanged fire again on Thursday, the seventh day of the war between the longtime enemies. Here are the latest developments: Hospital Strike A hospital in southern Israel was hit as Iran fired "dozens" of missiles, officials said, with impacts also reported in two Israeli towns close to commercial hub Tel Aviv. The Soroka ...
Lebanon’s Tourism: The Endless Summer That Fails to Deliver
Christiane Tager 2025-06-19 23:00 - Reading : 2 minute(s)
Nawaf Salam Lebanon Gulf Middle East tourism economy
Since June 13, the travel sector in the Middle East has faced severe turbulence following clashes between Iran and Israel. And as always, Lebanon — true to its role as the region’s perennial bystander in the wrong place at the wrong time — ends up paying the price, once again caught in the center of the storm. “The sector has suffered ...
European, Iranian Diplomats To Meet as US Mulls Joining Israel Campaign
This is Beirut 2025-06-20 06:10 - Reading : 5 minute(s)
Nawaf Salam United States Switzerland Iran
European foreign ministers will hold talks Friday with their Iranian counterpart, hoping to reach a diplomatic solution to the war with Israel as US President Donald Trump mulls the prospect of US involvement. Israel, claiming Iran was on the verge of developing a nuclear weapon, launched air strikes against its arch-enemy a week ago, triggering ...
Rice Prices Double in Japan as Inflation Accelerates
This is Beirut 2025-06-20 10:25 - Reading : 3 minute(s)
The price of rice doubled in Japan in the 12 months to May, data showed Friday, as an acceleration in inflation piled fresh pressure on Prime Minister Shigeru Ishiba ahead of key elections next month. Polls for parliament's upper house are crucial for Ishiba after public support for his administration tumbled to its lowest level since he took ...
Crude Sinks as Trump Delays Decision on Iran Strike
This is Beirut 2025-06-20 11:40 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Middle East Oil
Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday he said he would decide "within the next two weeks" ...
Lebanon on the Brink: War Fuels a Deepening Economic Crisis
Liliane Mokbel 2025-06-21 17:55 - Reading : 3 minute(s)
Caught in the crossfire of the Israel-Iran war, Lebanon is struggling — against all odds — to contain the economic fallout. A near-impossible task for a country still reeling from the toll of the Hezbollah-Israel conflict, which left it drained on human, financial and institutional levels. In this climate of escalating regional tension, ...
Israel-Iran Conflict: Latest Developments
This is Beirut 2025-06-15 18:40 - Reading : 7 minute(s)
Israel and Iran traded heavy fire for a third straight day on Sunday, with mounting casualties and expanding targets marking a sharp escalation in hostilities between the longtime foes. Strikes in both countries persisted throughout the day, as the death toll rose following Israel's large-scale attacks on Friday aimed at crippling Iran's nuclear ...
Trump’s Thunderbolt: America Attacks, Iran Shakes, the World Waits
Marc Saikali 2025-06-22 10:30 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Europe Gulf Hezbollah
A night that will be etched into Middle East history has just come to an end. In the early hours of June 22, 2025, Donald Trump launched a strike. Six B-2 Spirit stealth bombers took off from a US base and dropped twelve GBU-57 bunker-buster bombs on Iran’s underground Fordow nuclear site, while 30 Tomahawk missiles targeted facilities in ...
US Strikes: Strong Concerns from the Lebanese State
This is Beirut 2025-06-22 10:35 - Reading : 1 minute(s)
Following US airstrikes on several Iranian nuclear sites, Lebanese leaders expressed deep concern over the escalating military tensions in the region and reaffirmed Lebanon’s commitment to neutrality in regional conflicts. President Joseph Aoun highlighted the heavy toll Lebanon has already paid, stating, “Lebanon is today more aware than ...
Iran Threatens US Bases, New Israeli Strikes
This is Beirut 2025-06-23 05:25 - Reading : 5 minute(s)
Nawaf Salam United States Iran
Iran on Sunday threatened US bases in the Middle East after massive air strikes that Washington said had destroyed Tehran's nuclear program, though some officials cautioned that the extent of damage was unclear. With aerial assaults between Iran and Israel raging -- including fresh strikes by Israel on what it said were military targets in ...
Bekaa Farmers Urge Saudi Arabia to Reopen Agricultural Markets
This is Beirut 2025-06-23 12:25 - Reading : 2 minute(s)
Lebanon Saudi Arabia Agriculture Bekaa Export Potatoes
The head of the Bekaa Wheat and Grains Farmers’ Union and member of the Potato Growers’ Syndicate, Najib Fares, has made an urgent appeal to Saudi Arabia’s leadership on behalf of Lebanese farmers. Addressing King Salman, Crown Prince Mohammed bin Salman, and the Saudi authorities, Fares called for the reopening of Saudi markets to Lebanese ...
Art Market Banking on New Generation of Collectors
This is Beirut 2025-06-23 12:45 - Reading : 3 minute(s)
Art Basel 2025 Switzerland Market Luxury Art Culture
The global art market is not immune to current economic and geopolitical tensions and is counting on a new generation of collectors to revitalize the momentum. Some big transactions were concluded last week during Art Basel, the world's top contemporary art fair, notably by London's Annely Juda Fine Art gallery, which sold a David Hockney ...
Strait of Hormuz Faces Potential Closure Amid Rising Regional Tensions
This is Beirut 2025-06-23 14:50 - Reading : 6 minute(s)
Nawaf Salam Strait of Hormuz Iran Oil Gas
Iran’s parliament gave the green light to a proposal to shut down the Strait of Hormuz on Sunday, a step that needs clearance from the security authorities. Such a move could significantly disrupt worldwide oil shipments and heighten tensions in an already unstable region. The Strait, which narrows to just 33 kilometers at its slimmest point, ...
Oil Prices Fall More than 7% after Iran Attacks US Military Base
This is Beirut 2025-06-23 22:44 - Reading : 1 minute(s)
Nawaf Salam United States Qatar Iran Middle East Oil & Gas
Oil prices sank more than six percent Monday after Iran attacked a US military base in neighboring Qatar in retaliation for US weekend strikes on Iranian nuclear facilities. Near 1815 GMT, futures for West Texas Intermediate fell 7.22 percent to $68.51 a barrel, while Brent oil futures dropped 7.18 percent to $72.07 a barrel, its lowest level in ...
Israel-Iran, Day 12: Daybreak Confusion, Ceasefire Claims Collide with Renewed Strikes
This is Beirut 2025-06-24 06:15 - Reading : 6 minute(s)
Nawaf Salam Iran United States
At dawn on Tuesday, uncertainty still seems to master of ceremony. What was announced just hours earlier as the beginning of a ceasefire appeared anything but, as missile sirens blared across Israeli cities and explosions lit up the skies over Tehran. As U.S. President Donald Trump announced that the ceasefire had taken effect Tuesday morning, ...
Oil Prices Drop as Israel Agrees to Ceasefire Proposal
This is Beirut 2025-06-24 10:40 - Reading : 3 minute(s)
Nawaf Salam Ceasefire Donald Trump Middle East Oil Markets
Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...
Zelensky-Trump Meeting Planned Wednesday
This is Beirut 2025-06-24 15:50 - Reading : 1 minute(s)
Nawaf Salam Trump Zelensky NATO Ukraine Russia
Volodymyr Zelensky and US President Donald Trump are planning to meet on Wednesday on the sidelines of the NATO summit in The Hague, a senior source in the Ukrainian presidency told AFP. The war-time leader has been a central figure at recent summits but given his fractious relationship with Trump, Zelensky has not been invited to the main ...
Gold, Thrones, Diamonds: The Imperial Treasure Iran Keeps Hidden
Bélinda Ibrahim 2025-06-24 17:00 - Reading : 4 minute(s)
Iran Treasure Jewels Shah Pahlavi
It’s a treasure few have seen, yet one that specialists regard with awe. Behind armored doors, deep within the basement of Tehran’s Central Bank, lies what some historians consider the world’s most valuable collection of jewels—surpassing even those of the British monarchy. Amassed over more than 500 years of imperial history and expanded ...
Oil Slides, Stocks Rise as Trump Says Iran-Israel Ceasefire Holds
This is Beirut 2025-06-24 17:35 - Reading : 3 minute(s)
United States Donald Trump Oil & Gas China Iran
Oil prices sank and stock markets rose Tuesday as US President Donald Trump said a ceasefire between Iran and Israel was taking hold after he berated both countries for violating the truce. In volatile trading, crude futures slumped more than five percent after Trump announced a ceasefire. "This morning's ceasefire further reduced the perceived ...
Minimum Wage: The Debate Heats Up Again
Liliane Mokbel 2025-06-24 21:00 - Reading : 2 minute(s)
As regional tensions momentarily subside, Lebanese households refocus on their most urgent issue: wages. The minimum wage debate has resurfaced under intense social pressure, yet concrete progress remains elusive. The sudden silence from the labor minister adds to the growing uncertainty. Notably, the latest minimum wage increase did not ...
As War Recedes, Oil Prices Plunge and Markets Rally
Christiane Tager 2025-06-24 22:00 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Europe Tehran oil
From Cold Sweats to Cooling Oil: Why Crude Prices Are Plunging After the Iran-Israel De-Escalation A bomb can send oil prices soaring – unless it doesn’t hit as hard as expected. That’s exactly what played out in the markets following Iran’s limited strike on a United States base in Qatar, followed by a surprise ceasefire between Tehran ...