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The Latest Breaking News from Iran

Why has inflation gone down and where will it go from here?

Economists said April’s inflation fall will only be a brief respite before the Middle East conflict sends prices spiking again.

Evening Standard

Why has UK inflation gone down? What economic experts say will happen next

ONS reported that the Consumer Prices Index inflation fell to 2.8 per cent

The Independent UK

Why Trump paused fresh Iran strikes just hours before launch

US President Donald Trump has delayed a planned resumption of military strikes on Iran after pressure from Gulf allies and ongoing diplomatic efforts. This comes despite him saying that US forces were “all set to start” operations.

The Times of India

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Ukraine ally Britain eases sanctions on Russian oil as fuel prices surge over Iran conflict

The U.K. government has quietly eased some sanctions on Russian oil to help Britons cope with rising costs

The Independent UK

Rs 10.9 lakh crore burden: Iran shock can take a load off India's back

Rising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast-tracking plans for ethanol adoption and commercial vehicle electrification to reduce dependence on imported crude and support the rupee. With crude imports estimated to cost Rs 10.9 lakh…

The Economic Times

Drivers ditch cars for bikes as fuel prices continue to soar

Iran’s grip on the Strait of Hormuz means the average price of a litre of petrol and diesel at UK forecourts have increased

The Independent UK

Outrage grows over treatment of Gaza flotilla activists; US boards Iranian oil tanker – Middle East crisis as it happened

US ambassador to Israel criticizes Ben-Gvir’s ‘despicable actions’ in video shared online as countries condemn treatment of activists; tanker was accused of violating blockade before being released

The Guardian - UK

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Starmer under fire for buying ‘dirty Russian oil’ after UK quietly eases strict sanctions

Senior Labour MP Emily Thornberry hit out at the government’s decision and said the people of Ukraine have been ‘very let down’ by the move

The Independent UK

Global funds ready for further Rupee weakness with 100 in sight

Global investors anticipate further depreciation of the Indian rupee, with some projecting a fall to 100 per dollar. This outlook is driven by rising oil import costs due to the US-Iran conflict and investor preference for the greenback. The rupee's decline has already eroded local gains for foreign funds, prompting…

The Economic Times

Inflation falls to 2.8% in April but Rachel Reeves braces Britain for it to spike in coming months

The drop from 3.3% in March was bigger than expected in the City

Evening Standard

MAGA Mum Breaks Down Live On Air Saying 'Trump Abandoned Us' Over Iran War and Cost of Living Crisis

A MAGA supporter from Long Island expresses feeling 'abandoned' by Trump due to rising living costs and concerns over the Iran conflict, reflecting growing unrest among his voter base.

International Business Times UK

Inflation drops back by more than forecast as energy offsets Iran war fuel hit

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation to 2.8% in April, down from 3.3% in March.

The Independent UK

UK inflation falls to 2.8% – but experts warn far higher price rises on the way

Inflation could hit 5 per cent by the summer, economists forecasts, as the full effects of Iran War take hold

The Independent UK

India prepares to send oil tankers through Hormuz for new supply

India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval…

The Economic Times

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The Economic Times

Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

Two Chinese oil tankers have passed through the Strait of Hormuz. This follows positive comments from U.S. President Donald Trump and Vice President JD Vance. They suggest a resolution to the U.S.-Israeli conflict with Iran is nearing. Oil prices have eased on these developments. Negotiations with Iran are ongoing, with…

International Business Times UK

Senate Revolt Over Iran War: Trump Rebuked as Republicans Join Bid to Halt Military Action in Iran to End War

The US Senate advanced a resolution to limit President Trump's military actions in Iran, marking a significant bipartisan challenge to his authority and highlighting growing political divisions.

The Economic Times

Sensex drops 600 points, Nifty below 23,450. 6 key factors behind today's D-St rout

Indian stock markets experienced a sharp downturn on Wednesday, with both Sensex and Nifty declining approximately 0.8%. The Sensex dropped over 600 points to below 74,600, while the Nifty 50 fell more than 190 points to slip under 23,450. This decline was influenced by the rupee's depreciation and other market…

The Economic Times

Silver dips Rs 3,000/kg, gold down Rs 1,100/10g as firm dollar outweighs Iran war peace hopes. What’s next?

Gold and silver prices slipped on MCX Wednesday as rising U.S. Treasury yields and a stronger dollar weighed on bullion despite optimism over a potential US-Iran peace deal. Silver futures for July 2026 fell 1% or Rs 2,889 to Rs 2,67,230/kg, while June 2026 gold futures dropped Rs 1,121 to…

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The Times of India

Four of Trump’s allies break ranks, side with Democrats on vote against Iran war

Four Republicans joined Democrats in advancing a war powers resolution against President Trump's actions in Iran, highlighting congressional concerns over his authority. The symbolic vote underscores a growing divide as lawmakers question the administration's transparency and justification for continued military operations. Despite the measure's limited enforcement power, it signals increasing…

AAP

Oregon voters reject Democrats' gas tax increase as Iran war causes prices to soar

Oregon voters have rejected a gas tax increase passed last year by Democratic lawmakers

The Economic Times

Rupee hits record low near 97 vs USD on oil, US Treasury yield strain

The Indian rupee hit a record low against the dollar as elevated oil prices, driven by stalled U.S.-Iran peace talks, fueled fears of further central bank rate hikes. The currency's decline has been exacerbated by weak capital flows and rising bond yields, raising concerns about India's balance of payments deficit.

France 24

Iran examines new US proposal as Trump says talks are in 'final stages'

Iran on Wednesday said it was examining a new US proposal, transmitted by mediator Pakistan, to end the war in the Middle East even as the two sides continued to trade threats over resuming attacks. Speaking in Washington, US President Donald Trump told reporters that negotiations were in their “final…

AAP

Oregon voters reject Democrats' gas tax increase as Iran war causes gas prices to soar

Oregon voters have rejected a gas tax increase passed last year by Democratic lawmakers

The Times of India

Did regime change plans in Iran include hardliner who called to 'wipe Israel off the map'?

US and Israel reportedly explored a regime-change plan in Iran, centering on former President Mahmoud Ahmadinejad, after alleged strikes killed top officials and the Supreme Leader. The plan, devised by Mossad, aimed to install Ahmadinejad, despite his hardline past, but collapsed after an Israeli strike on his residence. His current…

Euronews

Putin claims Russia-China ties at record high during Beijing visit

On Wednesday, Putin said he had held "substantive" talks with Beijing on bilateral cooperation.

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