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The Latest Breaking News from Iran

The Iran war's oil shock causes a plastic shortage in Asia, squeezing industries and prompting a 'Middle East plus one' rethink of supply chains

South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.

Fortune

Next to hike prices overseas as it faces higher Iran war cost hit

The fashion and homewares chain increased its estimated cost of the Middle East conflict to £47 million from the £15 million guidance given in March.

Evening Standard

Retailer Next warns of clothing and homeware price hikes as costs increase due to Iran war

Brand increased its estimated cost of Middle East conflict to £47 million - up from predicted £15 million

The Independent UK

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Starmer issues warning to Iran over antisemitic attacks

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The Independent UK

Supermarkets warn food costs due to Iran war will keep soaring unless ministers take action

Higher food inflation not just down to Iran conflict, plead supermarkets

The Independent UK

Wednesday briefing: How Trump’s attempt to reopen to strait of Hormuz brought war closer again

In today’s newsletter: The brief US effort to steer trapped vessels through the waterway put the fragile ceasefire under strain

The Guardian - UK

Macron says ‘all parties must lift the blockades’ – as it happened

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The Guardian - AU

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Resilience amid ruins: Why markets are hitting record highs despite the Iran war

Global indices in the US, Japan and South Korea have reached all-time highs despite the economic fallout from the ongoing Iran war. Investors are clearly looking past immediate geopolitical risks but what is driving the rally?

Euronews

Local elections: 'Don't believe Polanski promises,' says Starmer as Labour and Greens battle over Inner London

Exclusive: The Prime Minister also blamed Iran for ‘proxy’ attacks on the capital’s Jewish communities

Evening Standard

Local elections could hasten the exit of Britain's embattled prime minister

British voters are casting ballots in elections that could hasten the end of Prime Minister Keir Starmer’s troubled term

The Independent UK

Top Trump advisers urge China to leverage Iran ties to reopen Strait of Hormuz to global traffic

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have both expressed a need for China to leverage its tight relations with Tehran to reopen the strategic Strait of Hormuz for “their own interests”.

Euronews

Oil prices fall as Trump pauses Project Freedom to seek final peace deal with Iran

Wall Street had already set records on Tuesday, with the S&P 500 rising 0.8 per cent to a new all-time high

The Independent UK

Totally grounded? How the jet fuel crisis could change our holidays – and world history

Jet fuel has doubled in price since the start of the war on Iran. How bad will the disruption get and could this accelerate the route to jet zero?

The Guardian - UK

Four in five Britons worried Iran war will make food more expensive, poll finds

Shoppers concerned about effect of Middle East conflict, as UK retailers say government running out of time to cut costs

The Guardian - UK

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Euronews

Trump renews feud with Pope Leo XIV days ahead of planned Marco Rubio visit to the Vatican

In an interview with US media outlets, Trump said Pope Leo XIV’s words are helping Iran and making the world “less safe”, slamming him for his stance which Trump perceives to mean indifference about Tehran acquiring nuclear weapons.

The Independent UK

Iran-US war latest: Trump’s pause on plan to escort ships through Strait of Hormuz follows backlash from allies, reports claim

Trump quickly announced the pause of ‘Project Freedom,’ citing ‘great progress’ with Iran towards a permanent peace deal

The Times of India

'Operation Epic Fury concluded': Trump aide declares 'objectives achieved' in Iran action

“Operation Epic Fury is concluded,” US secretary of state Marco Rubio declared early Thursday, marking the end of over two months of unrest triggered by a major military escalation involving the United States and Israel against Iran.

The Independent UK

Iran proxies carrying out antisemitic attacks could face 14 years in prison

The report of tougher sentences comes as the Met announced a community protection team of 100 extra officers to help safeguard the Jewish community.

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The Guardian - US

Trump news at a glance: Marco Rubio, in White House press room, puts a spin on rising gas prices

Secretary of state says US is ‘very fortunate’ as Trump’s Iran war pushes gas price near $4.50 a gallon – key US politics stories from Tuesday, 5 May at a glance

The Independent UK

US to pause effort to guide ships out of Strait of Hormuz to focus on Iran deal

The announcement came after military leaders and US secretary of state Marco Rubio insisted a ceasefire in the Middle East was still holding.

Evening Standard

Oil price edges lower as Trump pauses Strait of Hormuz 'Project Freedom'

Trump announces he is temporarily pausing his initiative to guide ships out of the crucial waterway

The Guardian - UK

Trump puts ‘Project Freedom’ on hold, saying he hopes to finalise a deal with Iran

US president says he is pausing US effort to guide stranded vessels out of the strait of Hormuz but blockade remains

The Independent UK

Ohio primary results set up high-stakes senate and governor races

Trump’s endorsement continues to carry weight in Ohio, which favored him three times for president

The Times of India

'Project Freedom will be paused for a short period': Trump halts Hormuz operation amid Iran talks

President Trump has halted 'Project Freedom,' a US military initiative to escort ships through the Strait of Hormuz, citing requests from Pakistan and progress toward a deal with Iran. This pause comes after the US declared the offensive phase of 'Operation Epic Fury' complete, emphasizing defensive actions in the region.

International Business Times UK

Donald Trump Hints at Pushing 22nd Amendment Limits, Saying He May Still Be President in 'Nine Years'

Donald Trump floated serving 'eight or nine years' as president, skirting 22nd Amendment limits while touting his fitness, pushing AI propaganda and issuing stark threats toward Iran in a whirlwind 24 hours.

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