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The Latest Breaking News from Iran

G7 finance ministers gather in Paris amid Iran tensions and tariff concerns

Finance ministers from G7 economies gathered in Paris for a second day of talks focused on global economic pressures, including the Iran conflict, US tariffs and disruptions linked to the Strait of Hormuz.

Euronews

Trump called a sudden, urgent press conference. What followed was a fever dream

ANALYSIS: With big Florida retiree energy, Trump shouted over the sound of drills and power saws about the construction of his new ballroom for over an hour as the Middle East crisis deepened and his approval hit rock bottom, writes Holly Baxter

The Independent UK

AAP Rolling News Bulletin May 20, 0330

AAP Rolling News Bulletin for May 20 at 0330

AAP

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Gulf states talk Trump out of Iran strikes in a show of regional influence

Trump said he suspended imminent US military strikes on Iran “for two or three days” after the Gulf states intervened to gain more time due to ongoing negotiations and concerns over Iranian retaliation, with Qatar stating that Gulf leaders are united in trying to avoid a resumption of the war.

Euronews

Iran soccer's excluded star Azmoun posts support for players ahead of World Cup games in US

Iranian soccer star Sardar Azmoun who was excluded from the World Cup squad in what seemed to be a political decision has posted support for teammates on social media

The Independent UK

AAP Rolling News Bulletin May 20, 0300

AAP Rolling News Bulletin for May 20 at 0300

AAP

Iranian family detained for relative's key role in 1979 US Embassy hostage crisis seeks release

An Iranian family that’s lived in the United States for a decade is demanding their release from immigration detention after they were arrested due to a relative’s role in the 1979 U.S. Embassy hostage crisis

The Independent UK

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Sugar Prices Climb on Speculation Brazil Will Curb Sugar Output

July NY world sugar #11 (SBN26 ) today is up +0.37 (+2.51%), and Aug London ICE white sugar #5 (SWQ26 ) is up +9.00 (+2.06%). Sugar prices are climbing today as Brazil's decision to announce new fuel subsidies to cushion the impact on gasoline and diesel prices from the Iran...

Barchart

Iran threatens war 'beyond the region' if US attacks

President Donald Trump claims he came within an hour of restarting the US war with Iran, prompting Tehran to threaten a wider war if it's attacked again.

AAP

Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman says

India's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting its import strategy. The state-run refiner is running at 115% capacity, with Russian oil discounts narrowing significantly. Despite recent price hikes, BPCL continues to face losses on diesel and petrol sales.

The Economic Times

'Not a Movie': Trump Aides Panic Over 'Terrible' Plan to Invade Iran for Radioactive Material

Reports indicate internal concerns within Donald Trump's administration over the possibility of US military action in Iran to recover enriched uranium, with no confirmed operational plans from the White House or the Pentagon.

International Business Times UK

UK pushes ‘bold new approach’ to aid as Cooper warns of global food crisis over Iran war

The climate crisis, disease and conflict will require a new approach to global development, Foreign Secretary Yvette Cooper tells the UK-hosted partnerships conference – but others warn that aid cuts curtail these ambitions

The Independent UK

US stock market crashes today: Dow Jones, S&P 500, and Nasdaq fall hard as bond yields hit 19-year high - Nvidia, Broadcom, AMD, and Amazon lead massive Wall Street selloff

US stock market crashes today as Dow Jones, S&P 500 and Nasdaq plunge. The Dow Jones Industrial Average dropped more than 237 points, while the S&P 500 and Nasdaq slid deeper into negative territory as technology and AI-linked stocks faced heavy selling pressure. A perfect storm of soaring Treasury yields,…

The Economic Times

Is the Gulf losing its grip on the oil world?

One of the most striking features of the Iran war has been the resilience of the global oil market. Despite the disruption of flows through the Strait of Hormuz, the world’s most important oil transit chokepoint, prices have generally hovered around US$100 (£75) per barrel – a lower level than…

The Conversation

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Barchart

Crude Oil Prices Pressured on Hopes Diplomacy Can End US-Iran War

June WTI crude oil (CLM26 ) today is down -0.45 (-0.41%), and June RBOB gasoline (RBM26 ) is down -0.0885 (-2.35%). Crude oil and gasoline prices are under pressure today from a stronger dollar, as the dollar index ($DXY ) jumped to a 6-week high. Crude prices are also moving...

International Business Times

Japan, China Cut U.S. Treasury Holdings As Iran War Pressures Global Currencies

China's Treasury holdings fell to their lowest level since 2008, while Japan trimmed nearly $47 billion from its position amid mounting pressure on the yen.

The Times of India

'Was an hour away': Trump on halting planned military attack on Iran

US President Donald Trump revealed the United States was hours from striking Iran, with warships ready, before a diplomatic opening prompted a pause. He warned of further "big hits" if negotiations fail, but Gulf leaders urged him to hold off. Iran's army countered by threatening to "open new fronts" if…

The Times of India

Months after snubbing Trump’s ‘Operation Epic Fury’, Nato weighs Hormuz mission to protect ships

NATO is considering deploying forces to protect shipping in the Strait of Hormuz if the blockade persists into July, a move that would significantly alter the alliance's stance on the US-Israeli conflict with Iran. Growing economic pressure from soaring energy prices is driving this reconsideration, with leaders set to discuss…

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Reason

Bill Maher On The Blatant Double Standard For Antisemitism

"But China, Russia, Sudan, Iran, Myanmar, Haiti, the Congo, North Korea, all way worse. And that's how you know it's anti-Semitism. It's the inconsistency."

The Economic Times

Not going to let world be blown up on my watch: Trump says US may need to hit Iran again

President Donald Trump revealed the United States was an hour away from striking Iran before he postponed the decision. He stated that Iran's leaders are currently seeking a deal with the U.S. The President's comments indicate a tense and evolving situation with Iran.

The Guardian - UK

Strike near UAE reactor revives concerns over nuclear plant safety in wartime

Attack marks first time military action has forced a fully operating nuclear power plant to rely on backup generators

AAP

The market powerful enough to sway stocks and Trump is rumbling again

The bond market is making noise again

Evening Standard

UK inflation rate set to fall as lower household energy bills offset fuel surge

Most economists think the rate of Consumer Price Index (CPI) inflation slowed to 3% in April, from 3.3% in March.

The Independent UK

Cost of living crisis looms as Iran energy shock threatens UK inflation rebound

Experts caution that future turbulence is on the way despite UK inflation easing last month

The Independent UK

UAE says drones that targeted Barakah nuclear power plant came from Iraqi territory

The United Arab Emirates’ Defense Ministry says the drones that targeted the Barakah nuclear power plant all came from Iraq

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