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The Latest Breaking News from Iran

Trump’s Iran deal slowed by couriers in complex peace process

Despite President Donald Trump repeatedly saying a US-Iran deal is near, negotiations remain slow and uncertain. Talks rely on indirect channels, couriers, intermediaries and delayed communications, with responses often taking days.

The Economic Times

Trump’s Kharg threat, reversal show Iran war high-wire act

President Donald Trump considered capturing Kharg Island, Iran's main oil export terminal. This move would have severely impacted Iran's economy. However, Trump later withdrew the threat as negotiations advanced. The island remains a significant point of leverage in the ongoing conflict. Seizing Kharg would have marked a major escalation.

The Economic Times

Inflation just hit 4.2 percent — the highest in 3 years. Donald Trump responds with a secret claim about removing millions of barrels of Iranian oil

The President said the US is in control of the Strait of Hormuz.

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Iran says no final decision made on deal that Trump hopes could be signed soon

President Trump announced a potential peace deal with Iran, aiming to reopen the Strait of Hormuz to shipping this weekend. While Trump claimed a "great settlement" and Iran's approval, Iranian officials stated no final decision has been reached, with negotiations ongoing on key issues and "red lines" remaining firm.

The Economic Times

Dollar steadies on ceasefire prospects, PPI eases pressure on Fed

The dollar strengthened Friday after President Trump's decision to cancel planned attacks on Iran, suggesting a potential ceasefire deal. This news also led to a drop in Brent crude prices. Meanwhile, U.S. producer prices rose less than expected, easing inflation concerns and shifting Fed rate hike expectations to December.

The Economic Times

Oil Price Today (June 12): Crude oil hits 2-month low as Trump halts strikes on Iran. Where is liquid gold headed?

Oil prices dropped to a two-month low as President Trump called off planned military strikes on Iran, easing geopolitical tensions. Brent crude futures fell to $89.17 a barrel, and WTI crude dropped to $86.48. Despite Iran's earlier threats to close the Strait of Hormuz, commercial vessels continued to transit the…

The Economic Times

Trump news at a glance: another day, another claim of imminent peace deal with Iran

President claims US and Iran are on the verge yet again, but we’ve heard that before – key US politics stories from Thursday 11 June

The Guardian - US

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Oil slides on peace hopes, as all eyes on SpaceX debut

European and Asian stocks have gained and oil has fallen as Donald Trump touts that an Iran deal is looming, while investors await the historic SpaceX IPO.

AAP

Asian stocks rally on Gulf breakthrough hopes, oil hits two-month lows

Asian stocks rallied on hopes of a Middle East peace deal, tempering inflation fears as oil prices fell to two-month lows. The market also anticipated Elon Musk's SpaceX IPO, which set a record $75 billion. President Trump indicated a potential peace deal signing soon, boosting market sentiment.

The Economic Times

Iran's football team trains in Mexico as World Cup campaign begins

Iran's national football team held its first open training session in Mexico on Thursday, offering a glimpse of a squad preparing for the World Cup under the shadow of conflict with the US as President Donald Trump claimed a breakthrough in efforts to end the war.

France 24

AAP Rolling News Bulletin June 12, 1000

AAP Rolling News Bulletin for June 12 at 1000

AAP

'Great settlement soon in Europe': Trump sees imminent Iran deal, Tehran yet to nod

The US president also asserted that Iran's Supreme Leader had approved the proposed terms and indicated that Washington would immediately end its blockade of Iran once the agreement came into force. Trump said such a move would have a significant impact on global energy markets. Iran's foreign ministry spokesperson Esmail…

The Times of India

AAP Rolling News Bulletin June 12, 0930

AAP Rolling News Bulletin for June 12 at 0930

AAP

Trump cancels Iran strikes, touts imminent deal

WASHINGTON (UNITED STATES) - US President Donald Trump withdrew his threat of further strikes against Iran on Thursday and said a deal with Tehran to end the war could be signed in coming days.

Bangkok Post

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Latin Times

Iran Denies Trump's Claims Once Again: "No Final Conclusion" on Any Agreement With the U.S.

Iran's government is pushing back emphatically against assertions from the Trump administration that a diplomatic deal with the United States is imminent, saying no final understanding has been reached and that Tehran has yet to approve any text for an agreement. The latest denial comes amid a swirl of conflicting…

Barchart

Cotton Rallies as USDA Cuts Carryout

Cotton futures posted gains of 13 to 139 points across the board on Thursday, led by the front months. Crude oil was down $3.61 to $86.42/barrel after President Trump announced late in the day that there was a deal between the US and Iran. The US dollar index was down...

France 24

Trump says Iran peace deal is near after threatening new strikes

US President Donald Trump said Thursday he had halted plans for new military strikes on Iran, claiming negotiators were close to extending a fragile ceasefire. Hours before, he threatened to intensify the conflict by targeting Iran’s oil industry.

AAP

AAP Rolling News Bulletin June 12, 0800

AAP Rolling News Bulletin for June 12 at 0800

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Bangkok Post

Gold dips amid renewed Mideast conflict

Renewed hostility between the US and Iran, which has caused oil prices to remain elevated longer than expected, has triggered a fresh downturn in gold prices, potentially dipping to US$3,500-3,600 an ounce or 60,000 baht per baht-weight domestically, says Kritcharat Hirunyasiri, chairman of MTS Gold.

AAP

AAP Rolling News Bulletin June 12, 0730

AAP Rolling News Bulletin for June 12 at 0730

Evening Standard

OPINION - The Strait we ignore may be the one that hurts Britain most

Yet again the Strait of Hormuz dominates headlines as the on-off peace talks grind on with no clear end in sight. President Trump still shouts about it in full caps on Truth Social. Television producers still show on repeat the same map: Iran on one side, Oman on the other.…

The Guardian - AU

Morning Mail: Trump claims ‘great settlement’ with Iran, Labor aims at Hanson’s achilles heel, World Cup kicks off

US president cancels planned strikes against Iran, claiming he made a verbal peace deal with the Iranian supreme leader

The Guardian - US

Iran’s World Cup camp in Tijuana unfolds under armed guard and political shadow

Iran’s World Cup preparations have moved to Tijuana, where armed security, exile politics and improvised logistics surround Team Melli

AAP

AAP Rolling News Bulletin June 12, 0700

AAP Rolling News Bulletin for June 12 at 0700

AAP

Trump calls off latest threats to strike Iran, cites breakthrough in talks to end the war

U.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war

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