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The Latest Breaking News from Iran

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...

Barchart

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

The Independent UK

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.

Euronews

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‘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 Times of India

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

The Guardian - US

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...

Barchart

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

Driving the news

The Times of India

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

What on earth is going on?

We Got This Covered

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.

International Business Times UK

Iran war threatens to delay large offshore wind projects in EU and UK

Industry fears strait of Hormuz closure could disrupt shipping of crucial parts for UK and German North Sea projects

The Guardian - UK

Iran rejects ‘excessive’ US ceasefire plan and issues its own demands to end the war

IN FULL

The Independent UK

Australia announces travel ban on Iranians for 6 months amid Middle East tensions

Australia has announced a temporary ban on Iranian tourists, citing concerns over regional instability and the risk that visitors may not be able to return home.

The Times of India

White House downplays reports Iran rejected Trump peace proposal

Chances of escalation just went up.

Axios

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The Conversation

Donald Trump’s ‘new’ 15-point plan is the biggest sign yet that Washington fears it is losing this war

The language of power often reveals more than it intends. In a rare moment of candour on March 7, the US president, Donald Trump, described the confrontation with Iran as “a big chess game at a very high level … I’m dealing with very smart players … high-level intellect. High,…

Barchart

Dollar Rebounds as Iran Dismisses US Peace Plan

The dollar index (DXY00 ) today is up by +0.02%. The dollar recovered from early losses today and moved slightly higher after Iran said it rejected the US peace proposal. Also, today's US economic news, showing the Feb import price index ex-petroleum posting its biggest increase in 4 years, is...

Latin Times

Iran's Demands To End The War Reportedly Include Collecting Fees From Ships Going Through Strait Of Hormuz

Iran's demands to end the war with the U.S. and Israel reportedly include collecting fees from ships going through the Strait of Hormuz, as well as the lifting of all sanctions on the country, according to a new report.

The Times of India

What's inside Trump's 15-point plan to end war with Iran?

The United States has proposed a 15-point plan to end the war with Iran, even as Tehran has denied any formal talks. The conflict, which began on February 28, has caused heavy casualties and disrupted global markets. The plan outlines a ceasefire and key conditions, but there is no official…

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Barchart

Stocks Rally on US Peace Plan to End Iran War

The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. June E-mini S&P futures (ESM26 ) are up +0.61%, and June E-mini Nasdaq futures...

International Business Times UK

US Troops Told To 'Get Ready' For Iran As Conscientious Objection Requests Surge '1,000%' And Fears Grow Among Ranks

US service members are increasingly filing for conscientious objector status as tensions rise with imminent deployments to the Middle East.

The Guardian - AU

Australians can expect high fuel costs to linger for far longer than the war in Iran

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis

The Guardian - AU

‘Crazy not to’: soaring fuel prices send more Australians into U-turn towards electric cars

Sales of EVs and hybrids have increased in Australia ever since the US-Israel war on Iran sent oil prices soaring and raised the prospect that fuel could be rationed

The Guardian - AU

‘Makes Covid look like a tea party’: Australian food prices could rise for the next year, farmers warn

Iran conflict could see shortages not just in fuel, but fertiliser and fossil fuel resins – used to make milk bottles

International Business Times UK

Trump Admin Sends 15-Point Ceasefire Proposal to Iran—Will Tehran Agree to a Ceasefire?

The Trump administration has sent Iran a detailed 15‑point ceasefire proposal designed to end the ongoing Middle East conflict, but Tehran has so far rejected overtures and denied formal talks.

The Independent UK

‘We negotiate with bombs’: Pete Hegseth warns Iran as Trump says ‘peace talks in progress’

Pete Hegseth issued a stark warning to Tehran asserting that America’s “hand’s on that throttle” until Iran dismantles its nuclear facilities entirely.

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