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The Latest Breaking News from Iran

Drone strike sparks fire near UAE nuclear plant amid Iran ceasefire tension

A drone strike sparked a fire near the UAE’s Barakah nuclear plant, officials say, with no injuries or radiation leak reported as regional tensions around the Iran ceasefire escalate.

Euronews

From uranium transfer to frozen assets, US sets 5 conditions in response to Iran’s proposal

Iranian media reported on Sunday that the United States “offered no tangible concessions” in its latest response to Tehran’s proposed agenda for negotiations aimed at ending the war that began with joint US-Israeli strikes on February 28 and has remained paused since April 28.

The Times of India

The American epoch of oil is collapsing. What comes next could be ugly

China is dominating the energy transition with astonishing result, while fossil fuel fascists in the US try to turn back the clock

The Guardian - US

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Nuclear Subs in Europe, Ridicule in Beijing: Inside Donald Trump's Chaotic Week of Foreign Policy

A US nuclear submarine's presence in Gibraltar has prompted UK risk warnings amid escalating tensions over Donald Trump's Iran strategy, while in Beijing Chinese social media is mocking him as 'Trump the Country Builder.'

International Business Times UK

Iranian media says US offered ‘no tangible concessions’ in response to proposal

Iran states the United States has not offered any real concessions in its latest response to Iran's peace proposal. The US reportedly demanded Iran operate only one nuclear site and transfer its enriched uranium. Iran's proposal sought an end to hostilities on all fronts, including Israel's actions in Lebanon, and…

The Economic Times

Iran chief negotiator Ghalibaf appointed to oversee ties with China: Media

Iran's parliament speaker Mohammad Bagher Ghalibaf, who recently emerged as a chief negotiator in talks with the United States, has been appointed to oversee relations with China, Iranian media reported on Sunday. "Mohammad Bagher Ghalibaf has recently been appointed as a special representative of the Islamic republic of Iran for…

The Economic Times

India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s

India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.

The Economic Times

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Iranian Speaker Ghalibaf declares 'new world order' led by the Global South

In a post on X, he emphasised that Iran's recent "70-day resistance" against US and Israeli military and economic pressures has acted as a primary catalyst, shortening the timeline for this global paradigm shift.

The Economic Times

US rolls out $1 billion F-35 electronic warfare retrofit contract for its armed forces, foreign operators

The United States has rolled out a nearly USD 1 billion upgrade programme for its fifth-generation stealth fighter F-35 Lightning 2 fleet, primarily centred on electronic warfare modernisation and advanced combat capability enhancements across hundreds of aircraft operated by both the US military and other foreign operators of the Joint…

The Economic Times

Charting the global economy: Inflation mounts as war drags on

The Iran war is causing global economic disruption. Inflation is rising, impacting consumers and markets worldwide. The US sees its worst inflation in years, while Europe braces for interest rate hikes.

The Economic Times

Marshall Islands-flagged LPG tanker Symi arrives at Kandla Port after crossing Strait of Hormuz

The arrival of the LPG shipment comes amid heightened international attention on maritime traffic through the Strait of Hormuz, a critical global energy transit route connecting the Persian Gulf with international shipping lanes.

The Economic Times

Will Nifty, Sensex extend losses on Monday? These 5 factors will drive D-Street action this week

Indian markets ended the week sharply lower amid a record rupee slide, surging oil prices and weak global cues. Investors remain cautious as geopolitical tensions, rising US bond yields and foreign outflows weigh on sentiment. The coming week is expected to be volatile, with macro triggers likely to dictate D-Street…

The Economic Times

Targeting commercial shipping, impeding navigation in Strait of Hormuz unacceptable: India's UN envoy

India's UN envoy Parvathaneni Harish stressed the need for short-term and long-term measures, plus international cooperation, to address the energy and fertilizer crisis amid the West Asia conflict. He reiterated concerns over maritime security and freedom of navigation in the Strait of Hormuz, deeming disruptions unacceptable and calling for respect…

The Economic Times

USS Gerald Ford aircraft carrier returns home after 326-day deployment

The USS Gerald R. Ford aircraft carrier, dispatched to the Middle East ahead of the outbreak of war with Iran, returned home to the United States on Saturday after a 326-day deployment, the Pentagon said. It was then dispatched to the Middle East to participate in combat operations against Iran.

The Economic Times

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International Business Times UK

Trump's Three-Time Voter Brands President 'Naive' as Iran War Sends Fuel Prices Soaring in GOP Areas

The US-Iran conflict has driven oil prices up, impacting rural Colorado's economy and testing political loyalties, as residents express frustration over the administration's handling of the crisis.

We Got This Covered

Trump apparently couldn’t care less what the Iran war did to your wallet — and he’s eyeing round 2

Inflation at an all-time high and he's thinking about the next airstrike.

The Independent UK

Trump ‘doesn’t care’ about midterm results and is resigning himself to Republican losses: report

Democrats are predicted to retake the House in 2026 midterms but major legal decisions on voting maps could boost the GOP

Fortune

Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

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International Business Times

US Lets Russia Oil Sanctions Waiver End Despite Surging Prices Due To Iran War

The previous waiver was described by US Treasury Secretary Scott Bessent as a measure to stabilize energy markets in the aftermath of the Gulf war.

The Economic Times

Iran war: Trump administration allows Russia oil sales waiver to expire despite tight market

The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move ended a short period of eased sanctions on some Russian oil. Countries like India and Indonesia had asked for extensions…

International Business Times

USS Ford Returns After Iran, Venezuela Missions

The world's largest aircraft carrier completed the longest deployment by a carrier since the Vietnam war, which involved missions in the ongoing Iran conflict and the capture of Venezuela's Nicolas Maduro in January, when he was the president.

The Guardian - UK

Israeli strikes kill six in southern Lebanon hours after extension of ceasefire

Three paramedics at health centre among dead, while Hamas military chief Izz al-Din al-Haddad killed in Gaza strike

The Economic Times

Suezmax tanker with Iraqi crude reaches India after Hormuz transit

An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from…

The Times of India

Trumpiana: Bear in China shop!

Donald Trump visited China, praising Xi Jinping while Xi alluded to America's decline and the "Thucydides Trap." Despite claims of trade breakthroughs, no concrete agreements were announced. Trump also continued his social media attacks and focused on domestic projects, while a satirical art installation mocked his approach to the Iran…

International Business Times

The Bond Market Is Flashing a Warning — And a Former Biden National Security Adviser Says Americans Could Get Hit Twice

Daleep Singh, former Biden National Security Adviser and current chief economist at PGIM, warns the bond market is flashing a serious danger signal as oil prices above $100 drive inflation fears and push the 10-year Treasury yield toward 5%. He warns the end game could be financial repression.

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