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The Latest Breaking News from Iran

Michael Bay to direct Iran movie about Donald Trump’s Operation Epic Fury

The film will be based on journalist Mitchell Zuckoff's forthcoming book and will chronicle the rescue mission of two downed American pilots in Iran. Here’s why it already sounds like a terrible idea.

Euronews

World shares are mixed, Kospi gains 8.4%, as tech-led rally fades

Shares have opened lower in Europe after a mixed session in Asia, where a rebound in oil prices undermined optimism from another broad rally on Wall Street

AAP

Global Markets | Japan's Nikkei rallies on fresh optimism over AI, Iran peace talks

Japan's Nikkei surged 3.14% on Thursday, its largest gain in two weeks, driven by renewed enthusiasm for technology stocks and easing geopolitical tensions. Gains were boosted by Nvidia's strong sales forecast, an averted Samsung strike, and reports of OpenAI's potential IPO, with SoftBank Group leading advancers.

The Economic Times

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AAP Rolling News Bulletin May 21, 1800

AAP Rolling News Bulletin for May 21 at 1800

AAP

Global Markets | Australian shares jump as weak jobs data tempers RBA rate-hike bets

Indian markets saw a strong rebound on Thursday. Weak employment data in Australia eased rate hike fears. Hopes for a US-Iran peace deal also boosted sentiment. Miners and financial stocks led the gains. Technology stocks remained flat. New Zealand's market also advanced. Investors are closely watching economic indicators and geopolitical…

The Economic Times

AAP Rolling News Bulletin May 21, 1730

AAP Rolling News Bulletin for May 21 at 1730

AAP

FED:Jobless jump, Iran war shoot down fears of rate rise

The big four banks are tipping the Reserve Bank to hold interest rates steady at its next meeting after the jobless rate surged and as the Iran war hits home.

AAP

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Iran war rapidly wiping out the world’s oil stockpile cushion

Global oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels daily. This sharp drawdown reflects severe supply disruptions tied to the Middle East conflict, leading to a tightening market and concerns about future availability.

The Economic Times

AAP Rolling News Bulletin May 21, 1630

AAP Rolling News Bulletin for May 21 at 1630

AAP

Ahmad Vahidi: The hard-line Iran general becoming a major player in US peace talks

A hard-line Iranian general linked to notorious attacks at home and abroad is believed to have seized a place near the center of power

The Independent UK

India bonds reverse gains as report RBI mulling rate hike outweighs external support

Indian government bonds reversed early gains as reports emerged that the central bank is considering a rate hike to curb the rupee's sharp decline. The benchmark bond yield surged following the news, overshadowing positive global cues like falling oil prices and progress in US-Iran negotiations. Overnight index swap rates also…

The Economic Times

AAP Rolling News Bulletin May 21, 1600

AAP Rolling News Bulletin for May 21 at 1600

AAP

Andy Burnham latest: Vote for me is a vote to change Labour, Manchester mayor tells Makerfield as he unveils slogan

Recent polling has shown that Mr Burnham would comfortably win among Labour members in a leadership contest

The Independent UK

Crude market caught between diplomacy and disruption: Peter McGuire

Global crude oil markets experienced sharp volatility as traders reacted to shifting signals regarding potential Iran ceasefire negotiations. While initial optimism emerged from President Trump's statements, the absence of a formal response from Iran and Israel maintained market caution. Analysts suggest traders are anticipating a swift resolution, but uncertainty persists,…

The Economic Times

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The Economic Times

'World's most advanced fighter jet, most-expensive drone': US lost 42 aircraft worth $29 billion in Iran war in less than 2 months

United States and Israel initiated Operation Epic Fury against Iran on February 28, 2026. The conflict involved extensive air, missile, and maritime combat. Aircraft losses mounted, with the Department of Defense estimating costs at $29 billion. The situation remains unstable despite a ceasefire. Congressional concerns are rising over readiness and…

AAP

AAP Rolling News Bulletin May 21, 1530

AAP Rolling News Bulletin for May 21 at 1530

Euronews

NATO ministers meet as US plans to pull away from European security

The summit will focus on the Trump administration's plans to withdraw guarantees of support for European security architecture – even in wartime – and the depletion of the alliance's critical weapons stocks due to the ongoing war in Iran.

AAP

AAP Rolling News Bulletin May 21, 1500

AAP Rolling News Bulletin for May 21 at 1500

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The Economic Times

Iran reviews latest US response as Trump suggests he can wait

Iran war: Trump has indicated he is ready to wait for the right answers from Tehran. He also warned of renewed attacks if an agreement is not reached. Pakistan continues to mediate between the two nations. Talks to end the conflict have seen little progress.

AAP

AAP Rolling News Bulletin May 21, 1430

AAP Rolling News Bulletin for May 21 at 1430

The Economic Times

Gold prices drop below Rs 1.6 lakh/10 grams, silver falls Rs 1,350/kg as investors await Iran-US peace deal. What lies ahead?

Gold and silver prices on MCX edged lower on Thursday as easing US Treasury yields and a rally in global equities reduced safe-haven demand, despite ongoing Iran-US tensions.

The Economic Times

US Stock Market: Bessent downplays inflation fears despite energy price surge

U.S. Treasury Secretary Scott Bessent downplayed fears of a prolonged inflationary spiral, attributing recent surges in energy prices and bond yields to temporary geopolitical disruptions. He believes inflation will moderate once the Iran conflict stabilizes and energy markets normalize, suggesting central bankers are overly cautious about lasting price pressures.

The Economic Times

Mukesh Ambani’s $4 billion Jio IPO hits Iran war roadblock

Reliance Industries' planned IPO for its digital arm, Jio Platforms, faces significant hurdles due to geopolitical tensions and market volatility exacerbated by the war in Iran. The conglomerate is reviewing the deal's structure, impacting timelines and potentially affecting investor returns amid a downturn in Indian stocks and capital flight.

AAP

AAP Rolling News Bulletin May 21, 1400

AAP Rolling News Bulletin for May 21 at 1400

The Economic Times

Oil Price Today (May 21): Crude oil rises slightly after two days of fall as Iran-US issue fresh threats. What lies ahead?

Oil prices saw marginal gains as fresh threats between Iran and the US heightened concerns over the Strait of Hormuz closure. While Iran examines a new US proposal, President Trump indicated talks are on the "borderline" between a deal and renewed strikes. The ongoing blockade of the vital waterway continues…

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