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The Latest Breaking News from Iran

Food prices to soar by almost 10% due to Iran war, as energy as fuel and energy bills bite

Grocery shopping bills rose sharply in 2022 and 2023 and are heading for another rise later this year

The Independent UK

Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’

US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in Asia

The Guardian - UK

Oil prices retreat and stock markets rally on Iran war resolution optimism

Stock markets in the UK and globally rebounded on hopes over an end to the Iran conflict, with the FTSE 100 Index soaring as much as 1.7%.

Evening Standard

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First sea lord admits Royal Navy is not ready for war

General Sir Gwyn Jenkins said according to a defence probe last year, the Royal Navy would not be war-ready until the end of this decade

The Independent UK

UK food inflation ‘could hit 9% this year’ as Iran war drives up energy prices

Food and Drink Federation almost triples forecast, even allowing for possibility of strait of Hormuz reopening soon

The Guardian - UK

The Iran war is accelerating plans for Southeast Asia to go nuclear. Experts say it won't be easy

Southeast Asia's only nuclear plant never got used after allegations of corruption. The region is trying again, 50 years later, amid a new oil shock.

Fortune

Reeves: Government ‘can’t alleviate every price increase’ from Iran war

Chancellor Rachel Reeves said contingency planning was under way to deal with the economic fallout from the Middle East crisis.

Evening Standard

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Lebanese displaced by war fill Beirut's streets, upending city life

Beirut is bursting under a massive wave of displaced people as Israel’s attacks and evacuation orders drive families out of southern and eastern Lebanon and the southern suburbs

The Independent UK

Ambassador warns that Iran is ‘considering’ striking British bases

IN FULL

The Independent UK

‘Smiling, mingling, taking selfies’: Iran’s top leaders Pezeshkian and Araghchi make public appearance as war rages on

Iranian President Pezeshkian and Foreign Minister Araghchi made a public appearance at pro-regime rallies amid high regional tensions and threats. Araghchi highlighted popular unity, while the leaders reiterated Iran's conditions for ending conflict, countering a US proposal. Communications with the US continue, though not as negotiations, as Iran signals readiness…

The Times of India

Politics latest: Starmer to deliver cost of living update after latest Trump tirade over Iran war

PM due to speak at Downing Street after vowing to ‘protect British people at home and abroad’

The Independent UK

Stocks jump and oil drops as Trump renews hopes of Iran war ending

European and Asian markets surged on Wednesday amid renewed hopes that the Iran war could end soon after US President Donald Trump said American troops would leave in two to three weeks with or without a deal.

Euronews

Securing Iran's enriched uranium by force would be risky and complex, experts say

Should the United States decide to send in military forces to secure Iran’s uranium stockpile, experts and former U.S. government officials say it would be a complex, risky and lengthy operation, fraught with radiation and chemical dangers

The Independent UK

Why Iran's supreme leader Mojtaba Khamenei hasn’t appeared in public? Russian envoy explains

Mojtaba Khamenei remains in Iran but is not appearing publicly. Russia's ambassador to Tehran Alexey Dedov confirmed this amid widespread speculation. Rumors circulated about his health and possible medical treatment abroad. Khamenei took office after his father's death in February. Russia and Iran maintain strong diplomatic ties.

The Times of India

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International Business Times UK

Brazil's 5% Gas Hike vs. America's 30% Surge: How a 50-Year Sugarcane Bet Shielded It From the Iran Oil Shock

How Brazil's sugarcane ethanol program leads in energy independence and biofuel innovation. Discover why countries like the UK are paying attention and how this model can boost global energy security.

The Times of India

10,000 terror components struck, 40 top officials eliminated in 40 seconds: Israel outlines scale of Iran offensive

Israel's military revealed extensive "Operation Roar of the Lion" details, reporting over 800 sorties and 10,000 strikes against Iranian-linked targets. They claim to have eliminated 40 top Iranian officials in a swift 40-second operation. Simultaneously, Iran's IRGC reported targeting US and Israeli assets in the Persian Gulf and UAE.

The Independent UK

Iranian ambassador suggests Tehran could strike British bases

Seyed Ali Mousavi said Iranian military authorities ‘will decide appropriately’ what course of action they will take, adding any final decision ‘depends on’ UK activities

The Independent UK

Iran war briefing: Trump says conflict will end within weeks as missile strikes rage on

Donald Trump has claimed the war on Iran will end in “two to three weeks”, adding that peace will bring oil prices “tumbling down.” Trump told reporters that “Iran doesn’t have to make a deal” to end the conflict. He said he will be satisfied when Iran is "put into…

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The Independent UK

Iran hits tanker off coast of Qatar, Kuwait airport and Israel kills 5 in Beirut attack

Iran hit a tanker off the coast of Qatar and Kuwait International Airport as Tehran acknowledged for the first time that Washington had been in direct contact about a possible ceasefire

Euronews

Newsletter: Energy shock has Brussels on edge

Also in this newsletter: The EU's foreign policy chief Kaja Kallas floats reviving plans to use immobilised Russian assets to fund Ukraine.

The Guardian - UK

Oil tumbles back to $100 a barrel and stock markets soar on hopes Middle East war will end soon – business live

Brent crude prices have fallen sharply, while the FTSE 100 is up 1.8% and government bonds are rallying

The Times of India

Israel targets Iran factory, alleges fentanyl use in chemical weapons; Tehran denies

Israel claims it struck an Iranian pharmaceutical facility, alleging it supplied fentanyl for a chemical weapons program. Iran confirmed the strike on the Tofigh Daru factory, asserting it produces only hospital drugs. Both nations reported the incident occurred on Tuesday.

Euronews

What the invasion of Ukraine and Iran war should teach Europe about air defence

As US and Israeli stockpiles drain against Iranian drones, the Bruegel think-tank warns Europe faces an even harder fight on its own doorstep

Evening Standard

Trump to give 'important update' on war in televised address as US President vows to leave Iran 'in weeks'

‘We’ll be leaving ⁠very soon,’ Trump tells reporters at the White House - as latest comments spark big fall in oil price

The Guardian - UK

Wednesday briefing: How did Russia become the unexpected beneficiary of the Iran war?

In today’s newsletter: As conflict engulfs Iran, shifting global alliances and soaring energy prices are reshaping the existing power balances that could redefine the next stage of international security

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