Oil prices dipped on Wednesday after two days of gains due to weak macroeconomic data, despite fears of supply disruptions from Middle East conflicts and hopes for a US interest rate cut. Brent crude futures for November fell 0.7% to $73.21 a barrel, and US crude for October dropped 0.7% to $70.69 a barrel.

In legal news, Google successfully overturned a €1.49 billion fine from the EU regarding its search ad practices, the court citing errors in the European Commission's assessment. This comes as a rare win for Google amid ongoing scrutiny in the UK and US over its business practices.

Shifting to the Middle East, Saudi Foreign Minister Prince Faisal bin Farhan joined an Arab-Islamic ministerial committee in Jordan to address the ongoing conflict in Gaza. This committee includes representatives from Palestine, Jordan, and other nations and is coordinating their response for the upcoming UN General Assembly session.

Meanwhile, Palestinian President Mahmud Abbas is in Madrid to thank Spain for formally recognizing Palestinian statehood, a move that has strained Spain's relations with Israel. Abbas is expected to meet with Spanish Prime Minister Pedro Sanchez and King Felipe VI ahead of the UN General Assembly.

Tensions rise further as Iran accuses Israel of 'mass murder' after explosions of Hezbollah's paging devices in Lebanon, killing nine and injuring nearly 3,000 people, including Iran’s ambassador. In response, the Iranian Red Crescent has sent medical teams to assist the injured, while Israel has yet to comment.

Concluding our news, in Jordan, King Abdullah II has appointed a new government led by Jaafar Hassan as prime minister to push forward IMF-backed reforms and modernization efforts. This follows the resignation of Bisher Khasawneh’s government after recent parliamentary elections.