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The Latest Breaking News from Iran

The Iran War Has Already Hurt Oil Production More Than the '70s Energy Crisis Did

The conflict is squeezing global supply and pushing prices up.

Reason

Mike Johnson defends Trump sending 2,000 troops to Middle East as message that Iran needs to ‘get their act together’

But House speaker won’t say deploying troops into the region constitutes US ‘boots on the ground’

The Independent UK

‘We want peace’: Iranians try to maintain semblance of normal life as conflict drags on

Explosions lit up Tehran skyline as Israel launched new airstrikes but by morning joggers were in the park

The Guardian - UK

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Bulletin PM briefing: Iran’s ceasefire demands and the stolen phone mystery

In case you missed them – here are five of today’s top stories

The Independent UK

UK drivers: are fuel price increases making you cut back?

We’d like to speak to people in the UK who are cutting back on fuel use after the increase in petrol and diesel prices linked to the war in Iran

The Guardian - UK

Iran Confirms Receiving 'Unreasonable' U.S. Peace Plan as Mediators Aim For Imminent Meeting

A 15-point U.S. proposal had been delivered to Iran through Pakistan, and Tehran called it "extremely maximalist and unreasonable."

International Business Times

Why Nvidia Could Be One of the Best Stocks to Buy if Trump Does Strike a Deal With Iran

Amid growing hopes of a U.S.-Iran deal, Wolfe Research sees investors rotating back to mega-cap and AI names, with NVIDIA emerging as a key beneficiary.

Barchart

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RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

AAP

Democrats shut down DHS funding deal from Republicans as standoff continues

Republicans’ proposal would restart almost all of DHS operations but excluded key reforms that Democrats want

The Guardian - US

Save Our Sites: UNESCO warns 'priceless' Iranian heritage is being destroyed by war

As the war in the Middle East continues, cultural and historical sites in the region are increasingly under threat sparking renewed calls from Middle East states and UNESCO for help protecting heritage sites.

Euronews

'I may call up the national guard': Trump rants amid Iran tensions; blames Democrats for immigration, airport chaos

US President Donald Trump on Wednesday accused Democrats of attempting to “create inner chaos” to distract from what he described as a “great military achievement” in Iran, while also escalating his rhetoric on immigration and signaling he may deploy the National Guard to address issues at airports.

The Times of India

How Trump reacted when Hegseth said US will continue Iran conflict

IN FULL

The Independent UK

Coffee Prices Slip in Hopes Strait of Hormuz Could Soon Be Reopened

May arabica coffee (KCK26 ) today is down -0.50 (-0.16%), and May ICE robusta coffee (RMK26 ) is down -22 (-0.60%). Coffee prices are under pressure today as long liquidation emerged in coffee futures amid hopes that US-Iran diplomacy will soon end the war in Iran and allow for the...

Barchart

Iran rejects US ceasefire plan and submits its own amid push for talks

Donald Trump claims Iran still wants a deal, after Tehran puts forward five-point counter-proposal and says war will end when it decides and on its terms

The Guardian - UK

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The Independent UK

Trump reacts as Hegseth says US will keep pressure on Iran ‘as long and as hard as necessary’

This is how Donald Trump reacted to Pete Hegseth stating that the US will keep on applying pressure in Iran.

Barchart

Crude Oil Prices Fall on the Outlook for a US-Iran Truce

May WTI crude oil (CLK26 ) today is down -3.26 (-3.53%), and May RBOB gasoline (RBK26 ) is down -0.1412 (-4.56%). Crude oil and gasoline prices are sharply lower today in hopes that US-Iran diplomacy can end the war in Iran. Also, the unexpected increase in weekly EIA crude inventories...

The Independent UK

Voices: Readers on how to tackle soaring bills in wake of Iran war – from ‘going electric’ to ‘holding back’ on travel

YOUR VIEWS: Our community is divided on how to tackle rising energy costs, with many warning support is limited by public finances while others call for policy changes or personal behaviour shifts in the face of a global crisis

Euronews

Iran rejects Washington's 15-point plan and escalates attacks on Israel and Gulf

Tehran claimed on Wednesday it has rejected a US ceasefire plan, as it ramped up attacks on Israel and Gulf states and proposed its own terms, including reparations and control of Hormuz.

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The Times of India

‘Trump will not dictate end of war’: Iran dismisses US' 15-point de-escalation proposal, counters with its own 5 demands

Iran has rejected a US peace proposal, stating it will end the conflict only on its own terms and timeline. Tehran demands a halt to attacks, guarantees against future wars, war damage compensation, an end to regional hostilities, and sovereignty over the Strait of Hormuz.

The Guardian - US

Jimmy Kimmel on Trump’s election integrity push: ‘Like Bill Cosby telling you he’ll watch your drink for you’

Late-night hosts discussed Trump’s restrictive voting bill, ICE agents at US airports and a mysterious ‘gift’ from Iran

Barchart

Stocks Climb on Hopes of US-Iran Diplomacy

The S&P 500 Index ($SPX ) (SPY ) today is up +0.83%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.06%. June E-mini S&P futures (ESM26 ) are up +0.81%, and June E-mini Nasdaq futures...

The Times of India

Saudi Arabia’s high-stakes Iran gamble is starting to unravel

Driving the news

We Got This Covered

Donald Trump gloats Iran sent US a gift worth ‘a tremendous amount of money’ during an active war

What on earth is going on?

International Business Times UK

Oil Prices Crash: Brent Crude Drops Below $100 As Trump Teases 'Bombshell' Iran Peace Deal

Brent crude briefly slipped below $100 a barrel after Donald Trump claimed a 'bombshell' peace deal with Iran was within reach and Tehran signalled limited safe passage through the Strait of Hormuz.

International Business Times UK

UK Eyes Hosting 'International Summit' to Reopen Strait of Hormuz Amid Ongoing Oil Crisis

The UK is planning an international summit to address the closure of the Strait of Hormuz, a critical oil passage, amid escalating tensions between Iran and a US-Israeli alliance.

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