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The Latest Breaking News from Iran

Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August

The Guardian - UK

Trump cancelled Iran strikes after Saudi Arabia issued Hajj pilgrimage warning: report

Trump was told that strikes during the holy pilgrimage would cause serious ‘reputational damage’, it is claimed

The Independent UK

Wall St ends slightly higher as investors watch Iran

US stocks have closed higher as investors digested a batch of ‌corporate earnings and economic data.

AAP

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OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources say

Seven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group meets on June 7. Despite ongoing disruptions from the Iran war, OPEC+ has been raising its monthly targets since April. The United Arab Emirates' recent departure from…

The Economic Times

Iran War Pushes Europe Toward Stagflation as Prices Rise And Growth Remains Subdued

The conflict in the Middle East is worsening Europe's energy shock, hitting businesses, consumers, and policymakers at the same time, according to a new report.

International Business Times

Iran war squeezes Europe’s economy as growth slumps, prices surge

Europe’s economy is slowing sharply as the Iran war drives up energy costs, deepening pressure on households and challenging policy makers. Fresh data for May showed euro zone business activity contracted at its fastest pace in more than two years while inflation pressures intensified, raising fears of a prolonged cost-of-living…

France 24

Crude Oil Prices Jump on Doubts the Strait of Hormuz Will Reopen

July WTI crude oil (CLN26 ) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26 ) is up +0.0321 (+0.95%). Crude oil and gasoline prices are moving sharply higher today as the standoff between the US and Iran is fueling concerns that a prolonged closure of the Strait of...

Barchart

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Iran rebuilt military capacity faster than expected during ceasefire, says US intelligence

US officials said that Iran was rapidly rebuilding its drone capacity as peace efforts stall

The Independent UK

Iranian Supreme Leader Reportedly Issues Directive To Keep Enriched Uranium In The Country

Iranian Supreme Leader Mojtaba Khamenei has reportedly issued a directive saying that the country's enriched uranium must remain in the country, casting doubt on whether a deal with the U.S. can be reached.

International Business Times

Trump could face foreign policy squeeze in Senate after primary ruckus

New questions have emerged about whether President Donald Trump has lost sway with some Republican senators as they mull action related to a number of thorny foreign policy matters after they have clashed with Trump over the Iran war, the White House ballroom and his targeting of respected incumbents. Trump’s…

Roll Call

Dollar Gains as Crude Rallies and Stocks Fall

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

Barchart

Who is Ahmad Vahidi, Interpol-wanted IRGC general and key Iranian war strategist?

Ahmad Vahidi, deputy IRGC commander and the man Argentina formally accused of planning the 1994 Buenos Aires bombing that killed 85 people, has emerged as the key figure in organising Tehran's military response and partaking in back-channel negotiations with regional mediators.

Euronews

From Iran to Ukraine, lasting ceasefires remain elusive

Mediators in both the Iran and Ukraine wars have struggled to achieve meaningful ceasefires. Although the US and Iran reached an initial two-week truce on April 7, brokered by Pakistan, the agreement has been fragile from the beginning.

The Conversation

Alaska senator who backed Trump’s Iran war is now begging for money to help pay for his gas

The GOP lawmaker’s request came in a fundraising email with the subject line: ‘Alaska needs you!!’

The Independent UK

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The Conversation

How the world sees Donald Trump: surveys show other countries see US president as ‘unreliable’ and ‘dangerous’

Americans are increasingly turning against the war in Iran and the president that launched it. According to a survey conducted in April by US-based pollster, Pew International, 61% of people in the US disapprove of the war while only 37% approve. The US president’s overall approval rating, meanwhile, has slipped…

The Economic Times

Oil crisis: World is set to run out of fuel in July? Here's what International ⁠Energy Agency is saying

Brent oil futures were trading around $108 per barrel on Thursday, off their wartime highs of $126 per barrel, but still significantly above the $70 per barrel they were trading at before the Iran war began.

Barchart

Stocks Fall on Doubts Over a US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.49%. June E-mini S&P futures (ESM26 ) are down -0.40%, and June E-mini Nasdaq futures...

AAP

US stocks resume their slide after higher oil prices crank up the bond market's pressure

The U.S. stock market is slipping after oil prices rebounded and cranked up the pressure from the bond market

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The Independent UK

Iran rebuilding military capabilities at stunning speed during ceasefire: ‘Exceeded all timelines’

IN FULL

The Economic Times

US stocks today: US stocks slips as oil jumps on renewed Mideast concerns

Wall Street slipped as oil prices jumped after Iran signaled a tougher nuclear stance, raising fears of prolonged supply disruption. Rising Treasury yields and weak corporate cues, including Walmart’s outlook, added pressure, offsetting strong economic data.

The Conversation

Fertiliser: the forgotten history linking the agricultural commodity and empire in wartime

Fertilisers are not just an agricultural input: they are a strategic resource hidden at the centre of geopolitical conflict. The US and Israel’s war on Iran and the related disruption of shipping through the Strait of Hormuz are sending shockwaves through the global farming system. A large share of the…

AAP

US stocks slip in early trading as oil prices turn upward again

U.S. stocks are slipping after oil prices rebounded and cranked up the pressure from the bond market

Reason

Bankrolling the Nation

Plus: Iran, hooters, DoorDash oppression, and more...

The Independent UK

Boebert shreds Hegseth for campaigning in Kentucky during Iran war: ‘That’s really difficult to grasp’

‘It’s really tough to defend all the aspects of this war with Iran currently,’ the Colorado Republican said

The Independent UK

Jobs stall and prices surge amid Trump’s Iran-fueled economic turmoil

The Labor Department reported Thursday that new claims for jobless aid for the week ending May 16 fell by 3,000 to 209,000

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