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The Latest Breaking News from Iran

US will hit Iran 'very hard tonight', Trump says

The US will hit Iran "very hard tonight", Donald Trump says, threatening to take "total control" of Iran's oil industry after days of tit-for-tat strikes.

AAP

Inflation Reaches 4.2% as Prices Outpace Paychecks

The Iran war and Trump's tariffs are pushing prices higher, and neither will be easy to undo.

Reason

Crisis on all fronts: Pakistan sought Iran-US peace, faces turmoil at home

Pakistan had hoped to position itself as a key diplomatic player in efforts to broker a ceasefire between the United States and Iran. Instead, the country finds itself confronting a deepening security crisis at home, with unrest in Pakistan-occupied Kashmir (PoK), escalating cross-border tensions with Afghanistan, deadly militant attacks and…

The Times of India

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Trump the unreliable narrator fails to force reality to match his story on Iran

A cycle of threat, detente and deadlock repeats itself wearisomely as the president’s war in Iran drags on

The Guardian - US

Trump vows fresh Iran strikes after 'playing us for suckers'

United States President Donald Trump declared renewed attacks on Iran. He accused Iranian negotiators of deception. This comes after an exchange of fire following the downing of a US helicopter. Trump stated the US will hit Iran hard. He also mentioned potential targeting of Iranian infrastructure. The President expressed frustration…

The Economic Times

‘2,500 years of tyranny and submission’: what we can learn from reading Marjane Satrapi’s Persepolis during the Iran War

Comic book author Marjane Satrapi passed away last week in Paris at age 56, just before conflict between Israel and her native Iran re-erupted. While her work has enjoyed enduring fame, the present conflict has made it more relevant than ever before.

The Conversation

US military fires on tanker trying to transport oil from Iran

IN FULL

The Independent UK

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The world's oil piggy bank is being smashed open. What can go wrong?

Global oil inventories are plummeting to multi-decade lows, exacerbated by Middle Eastern supply disruptions and the rapid depletion of strategic reserves. Escalating geopolitical tensions, particularly involving Iran, threaten further supply shocks. The world faces a potential oil crisis with diminished buffers and constrained transit routes, suggesting prolonged market vulnerability.

The Economic Times

FTSE 100 rises but profit warning rocks WH Smith

Market sentiment remained wary following fresh US military action against Iran.

Evening Standard

Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns

Gold prices dropped over 3% as escalating U.S.-Iran tensions fueled inflation and interest rate hike fears. Investors awaited key U.S. data, including the Producer Price Index, to gauge the Federal Reserve's monetary policy. Despite recent consolidation, inflation and central bank buying continue to support gold.

The Economic Times

Trump Vows Renewed Attacks Against Iran, Says U.S. Will Strike 'Very Hard'

President Donald Trump anticipated new attacks against Iran on Wednesday, saying the U.S. will strike "very hard."

International Business Times

Trump vows to hit Iran ‘very hard’ today if Tehran doesn’t sign deal

IN FULL

The Independent UK

UN atomic watchdog demands urgent cooperation from Iran and access to nuclear sites

The resolution comes at a time of heightened tensions in the Middle East, with the US having launched airstrikes against Iran early on Wednesday and Tehran firing back at countries in the region.

Euronews

UN nuclear watchdog board demands urgent Iran cooperation and access to nuclear sites

The U.N. atomic watchdog's board has demanding that Iran fully cooperate with the agency and provide complete information about its nuclear material

The Independent UK

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The National (Scotland)

How US treatment of Iran has made World Cup 'inherently unfair'

A LEADING sports journalist has said the US has made the World Cup “inherently unfair” through its treatment of the Iranian team and fans.

The Times of India

From ceasefire to countdown: Frustrated Trump says Iran's time is up

US President Donald Trump expressed growing impatience with Iran's slow negotiation pace, warning of consequences after American forces conducted retaliatory air strikes on Iranian air-defense systems. This tit-for-tat escalation, following Iran downing a US helicopter, has jeopardized a prospective deal, with Trump resorting to strong rhetoric against Tehran's military.

The Guardian - US

Jimmy Kimmel on Trump at NBA finals: ‘He shut down a city so he could take a nap’

Late night hosts weighed in on the president’s failing Iran peace talks and plans for a new Trump Promenade

The Economic Times

US stocks slump after fresh sell-off in tech stocks; Nasdaq down over 1%

Wall Street's major indices declined as weakness in technology stocks and escalating US-Iran tensions overshadowed inflation data that met expectations. Investors reassessed AI-related valuations, while geopolitical risks and concerns over prolonged higher interest rates dampened overall market sentiment.

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The Times of India

Iran faces fresh scrutiny as IAEA demands nuclear transparency

The International Atomic Energy Agency (IAEA) is intensifying its scrutiny of Iran, as its board calls for increased transparency regarding the country's nuclear activities. This move comes in light of worries about Iran's escalating enriched uranium reserves and the restricted access granted to inspectors.

Barchart

Middle East Hostilities and Bullish EIA Report Boost Crude Oil Prices

July WTI crude oil (CLN26 ) today is up +1.33 (+1.51%), and July RBOB gasoline (RBN26 ) is up +0.0601 (+2.01%). Crude oil and gasoline prices are sharply higher today after the US and Iran exchanged strikes overnight, which could derail the peace process and keep the Strait of Hormuz...

The Guardian - US

UFC champion says he has been banned from White House fight over criticisms of Trump

Sean Strickland claims he was not cleared to attend the UFC event because he ‘made fun of Israel and Epstein’

The Independent UK

Trump threatens to bomb Iran’s power plants and warns they will ‘pay the price’ for failure to agree deal

US president accused Iran of taking too long in peace negotiations as both sides exchanged strikes

Barchart

Stocks Resume Decline as Chipmakers and AI Companies Fall

The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. June E-mini S&P futures (ESM26 ) are down -0.71%, and June E-mini Nasdaq futures...

The Economic Times

Why is US stock market down today? Dow Jones, S&P 500 and Nasdaq fall as inflation hits three-year high and Iran tensions shake Wall Street - Nvidia, Amazon and technology stocks leading today's decline

US stock market is under pressure again. Investors woke up to another sharp decline in the Dow Jones, S&P 500 and Nasdaq after fresh inflation data reminded Wall Street that the fight against rising prices is far from over. The Dow Jones Industrial Average dropped more than 450 points, falling…

France 24

How does the Iran war end? US and Israeli leaders at odds over priorities

After weeks of US President Donald Trump insisting that a deal with Iran is just around the corner, violence has flared up again. Part of the challenge for Trump is that he and Israeli Prime Minister Benjamin Netanyahu no longer have the same priorities. Washington wants an out from a…

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