The Latest Breaking News from Iran

UK drivers steal almost £200,000 of fuel from petrol stations every day during Iran war

First-time offenders accounted for a 23 per cent rise in incidents and a 26 per cent increase in the volume of fuel stolen

The Independent UK · Aug 3

Iran war ushers in oil refining golden era. It won't last

War-driven supply disruptions have turned oil refining into Big Oil's biggest profit engine, but Reuters columnist Ron Bousso says the windfall may prove temporary as capacity returns and energy transition pressures re-emerge.

The Economic Times · Aug 3

Peter Schiff Points to Trump's 'Lowest Ever' Approval Ratings Amid Soaring Inflation, Iran War — Odds Of Impeachment Remain High on Prediction Markets

Economist Peter Schiff highlighted President Donald Trump’s rapidly declining approval rating on Sunday, framing it as a reflection of the hardships facing average Americans.

Benzinga · Aug 3

Iran's foreign ministry contradicts Trump and says no negotiations taking place with US

Washington and Tehran have been at war since 28 February, when the US and Israel launched surprise strikes against Iran, though months of on-off diplomacy have led to periods of relative calm.

Euronews · Aug 3

Rupee climbs to one-month peak of 95.13 vs USD on oil slump, stronger inflows

The Indian rupee reached a one-month high as oil prices declined and foreign inflows increased. The Reserve Bank of India is expected to maintain current interest rates this week. Analysts anticipate a cautious policy statement from the central bank regarding inflation. Oil prices fell significantly after the US President sought…

The Economic Times · Aug 3

Iran-US war latest: Trump says Tehran has ‘last chance’ to make deal and Strait of Hormuz could open tomorrow

Trump said the agreement would include reopening the Strait of Hormuz and address Iran’s nuclear program

The Independent UK · Aug 3

Hunter Biden Says Trump Is Making 'Big Oil' Great Again as Chevron, Exxon Mobil Profits Soar—Gavin Newsom Says CVX Is 'Fleecing Californians'

Former President Joe Biden‘s son Hunter Biden and Gov. Gavin Newsom (D-CA) slammed Chevron Corp. (NYSE:CVX) and ExxonMobil Holdings Corp. (NYSE:XOM), accusing the oil giants of profiting from the war in Iran.

Benzinga · Aug 3

Social Security COLA: Why Your Expected 2027 Check Keeps Changing for One Reason

The 2027 Social Security COLA estimate keeps swinging between 3.6% and 3.8%, and energy prices driven by the US-Iran war are the reason. Here is what retirees can expect before October.

International Business Times UK · Aug 3

Ro Khanna Says 'What’s Actually Hurting' Americans Is Iran War and Billionaire Tax Breaks, Not Mamdani’s Food Desert Grocery Plan

Rep. Ro Khanna (D-Calif.) defended New York City Mayor Zohran Mamdani’s proposed grocery store plan, arguing that rising food prices and financial struggles are being driven by the Iran conflict and President Donald Trump’s tax policies, not food desert initiatives.

Benzinga · Aug 3

Why did market rise today? Sensex surges 540 points, Nifty tops 24,770. 6 key factors fueling Rs 5 lakh crore rally

Indian stock markets experienced a significant surge on Monday. Nifty and Sensex indices both closed higher after positive news emerged. President Donald Trump's statement on Iran talks boosted investor sentiment considerably. Major companies like IndiGo, Infosys, and TCS saw substantial share price increases. Broader market indices also reflected the overall…

The Economic Times · Aug 3