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The Latest Breaking News from Iran

Shutting Iran’s oil wells may be straightforward – but the consequences are not

The Strait of Hormuz – the narrow waterway through which between 20% and 25% of the world’s seaborne oil normally passes – has been effectively closed for just over two months.

The Conversation

UK electric car sales leap ‘could be hit by Iran war inflation and energy price rises’

BEV sales jumped nearly 60% in April, taking total electric car registrations to more than 2m, says SMMT

The Guardian - UK

Stock Index Futures Climb as U.S.-Iran Ceasefire Holds, JOLTs Report and Earnings in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.28%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.47% this morning, supported by lower oil prices as the ceasefire in the Middle East appeared to be holding.

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First Thing: Tensions rise over Hormuz as Trump threatens to blow Iran ‘off the face of the earth’

The launch of ‘Project Freedom’ in the strait of Hormuz has brought the region back to the brink of war. Plus: The electoral battle for Congress

The Guardian - UK

Iran fires warning at Trump after ships attacked in Strait of Hormuz

IN FULL

The Independent UK

US attempt to open Strait of Hormuz tests fragile Iran war ceasefire

The Iran war risks reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, firing on Iranian forces and sinking six small boats targeting ships

The Independent UK

Congress Gave Away Its Authority To Declare War and Enabled Trump's Iran War

Congress hasn't voted to declare war since 1942, yet the legislative branch constantly refuses to rein in presidents.

Reason

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South Korea says it could join Trump’s ‘Project Freedom’ after ship set ablaze in Strait of Hormuz

Seoul says it’s investigating incident but US president immediately blames Iran

The Independent UK

France condemns 'unacceptable' Iranian strikes on UAE and calls for diplomacy

French President Emmanuel Macron has joined other world leaders in condemning Iranian attacks on the United Arab Emirates, which have thrown the fragile US-Iran truce into jeopardy, and urging both sides to return to diplomacy to bring an end to the Middle East war.

Radio France Internationale

Iran’s attempts to stir up violence in UK ‘will not be tolerated’, PM says

Last week’s stabbing in Golders Green was the latest in a series of attacks on Britain’s Jewish community which have contributed to concerns.

Evening Standard

Iran’s attempts to destabilise Britain ‘will not be tolerated’, says Starmer

IN FULL

The Independent UK

'We can and we will strike': Iran threatens European military bases amid Hormuz escalation

Iran attacked ships in Hormuz and struck the UAE again as hardliners threatened that European bases could become legitimate targets. Tehran also issued its own Strait of Hormuz navigation map, warning US Navy ships and oil tankers from crossing.

Euronews

UK is ‘most exposed’ to jet fuel shortage and is vulnerable to rationing, Goldman Sachs warns

The UK is the largest net importer of jet fuel in Europe, and it holds ‘no strategic reserves’, warn analysts

The Independent UK

Starmer warns Iran’s attempts to destabilise British society ‘will not be tolerated’

Prime minister told a Downing Street roundtable that extra security measures have been put in place to protect the Jewish community

The Independent UK

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The Independent UK

Armenia hosts a historic European Union summit as the country charts a course away from Russia

Armenia is hosting the first European Union summit in Yerevan

The Independent UK

‘Give them the weapons’: War hawk Lindsey Graham urges Trump to flood Iran with guns for the people to ‘rise up’

South Carolina Republican urges U.S. and Israel to arm public to inspire revolution as an alternative to placing American troops in harm’s way

The Independent UK

Megyn Kelly urges Donald Trump to ‘give the Iranians the deal they want’

IN FULL

The Independent UK

Trump reignites Pope feud accusing pontiff of ‘endangering a lot of Catholics’

President Trump claimed that the Pope thinks ‘it’s just fine for Iran to have a nuclear weapon’

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The Independent UK

Former Trump ally Megyn Kelly slams Iran war as ‘disaster’ for America

Megyn Kelly has criticized the Iran war, calling it a “disaster" for the Trump administration.

The Independent UK

Asian markets slide mirroring losses on Wall Street amid Iran war

IN FULL

The Independent UK

Iran’s UAE strikes condemned by Starmer as Middle East tensions escalate

IN FULL

International Business Times UK

The Ceasefire Is Over: US and Iran Exchanging Missile Strikes as UAE Claims It Was Hit by Iranian Drones

The fragile ceasefire between the US and Iran has collapsed, leading to renewed military exchanges in the Persian Gulf and raising fears of a broader regional conflict.

The Guardian - UK

HSBC profits fall amid $400m fraud-related charge and Iran war

London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict

The Guardian - AU

US petrol prices hit highest level in years – as it happened

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The Guardian - UK

UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge

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