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The Latest Breaking News from Iran

Ryanair issues air fare warning due to soaring fuel costs sparked by Iran war

Ryanair has adjusted its summer fare projections while revealing it has secured pricing for 80% of its jet fuel needs

The Independent UK

President Trump on being America's CEO-in-chief, making 'deals that no normal person would make'

In a wide-ranging interview, Trump explains how the Iran war could delay his interest-rate plans, why he regrets asking for only 10% of Intel, and what will happen to America’s dealmaking empire when his term is over.

Fortune

Trump warns Iran that ‘TIME IS OF THE ESSENCE’ for peace deal

President Donald Trump has warned Iran in a Truth Social post that “TIME IS OF THE ESSENCE” for the country’s leaders to reach a peace agreement and it will face a “very bad time” if a deal is not signed. The warning follows a drone strike that sparked a ⁠fire…

The Independent UK

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Hindustan Zinc shares crack 7% in two sessions. What’s behind the sharp slide?

Hindustan Zinc shares fell as silver prices crashed sharply on Multi Commodity Exchange of India. MCX silver plunged over Rs 5,000 per kg in a day and has corrected nearly 13% from recent highs following the government’s import duty hike, amid rising Iran war tensions and fading hopes of a…

The Economic Times

G7 ministers meet in Paris to seek common ground on China and Middle East war

Finance ministers and central bankers from the G7 nations gather on Monday in Paris where they will try and settle differences on everything from the stalemate in Iran, securing supply chains for critical minerals and the oil-price shock. As host, France will try and keep the plates spinning.

Radio France Internationale

While Detroit blinked on EVs, the Iran war has handed Chinese automakers the opportunity of a lifetime

“As tragic as it is—war is tragic for anyone involved—it is probably one of the best things that could have happened to the Chinese EV makers,” said one expert.

Fortune

A new start after 60: I dedicated myself 100% to saving soil – and a life of wild adventure began

When Sousan Samadani saw a video about soil degradation, she suddenly knew she would commit everything she had to the cause. Soon she was travelling thousands of miles to raise awareness, skydiving, hitchhiking and cycling

The Guardian - UK

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Iran war saddles global companies with $25 billion bill and counting

Global companies face significant financial strain due to the U.S.-Israeli war with Iran. Businesses are grappling with escalating oil prices and disrupted supply chains. This conflict has already cost businesses billions, with more impacts expected. Airlines and automakers are among those warning of profit reductions. The situation is affecting industries…

The Economic Times

Oil prices climb as Donald Trump signals tougher action on Iran

Oil prices climbed on Monday and European markets opened lower as US President Donald Trump sent a new warning to Iran via social media.

Euronews

Trump’s ‘clock is ticking’ Iran warning sends oil prices soaring and global markets tumbling

Asian stocks are mostly lower and oil prices have jumped after U.S. President Donald Trump warned Iran that the “clock is ticking” as talks over a permanent end to the war stall

The Independent UK

Spirit Airlines collapse sparks fears for future of cheap flights and budget carriers

Spirit’s demise is not the only challenge travelers face a week before the launch of summer travel

The Independent UK

Why is market falling today? Sensex falls 600 points, Nifty below 23,500; 5 key factors behind bloodbath

Stock Market Crash: Indian stock markets experienced a significant downturn on Monday. Both Sensex and Nifty saw substantial drops exceeding one percent. This decline was driven by soaring global bond yields and a record low for the Indian rupee. The market capitalization of BSE-listed companies also saw a considerable reduction.…

The Economic Times

Silver tanks Rs 5,600/kg, gold slips Rs 1,000/10g after drone strike on UAE nuclear plant amid Iran war fears. Time to sell?

Gold and silver prices opened sharply lower on Monday, driven by escalating Middle East tensions that pushed oil prices higher and fueled inflation concerns. This surge in oil prices strengthened expectations that interest rates could remain elevated for longer, impacting bullion markets. Investors are closely watching for further clues on…

The Economic Times

Bitcoin hits two-week low at $76,711 as liquidations top half a billion

Bitcoin experienced its lowest point in over two weeks, dropping to $76,711 as global macro risks from the US-Iran conflict prompted traders to reduce positions. This downturn saw significant liquidations of bullish bets across cryptocurrencies, with Bitcoin's price falling below a key support level.

The Economic Times

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The Times of India

UAE fumes after Iranian attack near nuclear plant, warns of retaliation: 'Won't tolerate threat to security'

The UAE strongly condemned a drone strike on its Barakah Nuclear Power Plant, calling it a dangerous escalation and a threat to regional stability. Saudi Arabia also intercepted drones from Iraq. Amidst rising tensions, US President Trump warned Iran to act swiftly, while Tehran threatened retaliation against perceived US-Israeli aggression.

The Economic Times

Rupee hits record low of 96.18 vs USD as rising yields add to oil shock

The Indian rupee hit a new all-time low against the dollar on Monday, plummeting to 96.18. Soaring global bond yields, fueled by elevated energy prices from the Iran war, have weakened investor confidence. This marks the rupee's fifth consecutive session of record lows, making it Asia's worst-performing currency this year.

The Economic Times

Iran fires a fresh threat: After oil, your Insta reels, Amazon deliveries, WhatsApp chats and Netflix streams could be the next target

From Whatsapp chats, Insta reels to Amazon deliveries, everything could be hit as Iran is considering imposing fees on undersea internet cables passing through the Strait of Hormuz. This move could impact global technology companies and disrupt international internet traffic. The proposal also suggests restricting cable repair work to Iranian…

Euronews

Iran has responded to latest US peace proposal, foreign ministry official says

On Sunday, Iran's Fars news agency said Washington had presented a five-point list, which included a demand for Iran to keep only one nuclear site in operation and transfer its stockpile of highly enriched uranium to the US.

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The Independent UK

Iran-US war latest: Trump calls off fresh strikes as Gulf allies say peace deal is close

Trump warned if a deal is not reached the US military is ‘ prepared to go forward with a full, large scale assault of Iran’

The Economic Times

Petrol, Diesel prices hiked again as brent crude rises above $110 barrel? Check fuel rates in Delhi, Mumbai, Chennai and other cities today

Petrol, Diesel prices today: Petrol and diesel prices remained steady on Monday after a recent Rs 3 per litre hike, with further increases anticipated due to rising global oil prices. This surge, driven by Middle East conflict and US-Iran tensions, is pressuring India's foreign exchange reserves as the nation imports…

The Economic Times

'Clock is Ticking,' Trump again warns Iran as nuclear deal talks hit deadlock

US President Donald Trump has issued a stern warning to Iran regarding stalled nuclear negotiations. He stated that time is running out for Tehran to reach an agreement on uranium stockpiles and sanctions relief. Both nations remain far apart on key demands. Tensions are high in the Middle East, with…

The Times of India

Faced with war, crackdown against Baha’is rising in Iran

The Baha’i community in India has been deeply distressed by the war in Iran, which has seen an uptick in persecution of Iranian Baha’is. Many Indian Baha’is originally came from Iran and continue to have relatives in that country.

The Economic Times

Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?

Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing military actions. Drone attacks on the UAE and Saudi Arabia increased fears of wider conflict. The Strait of Hormuz remains a key concern for global oil and…

The Economic Times

Rupee seen testing record lows; bonds to extend fall on Iran war jitters

The Indian rupee is poised to hit record lows as investors grapple with growth-inflation risks stemming from the Iran war. Rising Brent crude prices are fueling global inflation concerns, prompting expectations of monetary tightening. India's policymakers are implementing measures to support the rupee and manage balance of payments pressures, while…

The Times of India

Donald Trump-Xi Jinping summit: Taiwan absent from White House China visit summary amid Iran, trade focus

US President Trump's China visit yielded trade and investment pacts, including Boeing aircraft and agricultural deals. Both nations agreed on Iran's nuclear non-proliferation and Strait of Hormuz access. Notably, Taiwan, a key discussion point, was omitted from the White House fact sheet, despite Trump hinting at reconsidering arms sales.

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