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The Latest Breaking News from Iran

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

The Independent 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.

International Business Times UK

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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 - UK

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

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The Guardian - AU

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

The Guardian - UK

European markets mixed as oil prices stay elevated on Iran war fears

European markets opened in the green on Tuesday morning but later traded mixed as traders monitored developments in the Middle East.

Euronews

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Google DeepMind workers in UK vote to unionize amid deal with US military

Exclusive: Worker pointed to Iran war and Pentagon’s Anthropic feud as indications the department is ‘not a responsible partner’

The Guardian - US

Concierge firm co-founded by queen’s nephew went on ‘ill-timed’ hiring spree before Iran war

Quintessentially almost quadrupled staff in Middle East and Asia less than year before wealthy began to flee Gulf

The Guardian - UK

Markets slide as Trump-Iran tensions rattle oil prices and stocks

Asian stocks are trading lower, tracking losses on Wall Street after US stocks fell from record highs

The Independent UK

Iran-US war latest: Trump pauses plan to escort ships through Strait of Hormuz citing ‘great progress’ toward Tehran deal

Trump said ‘Project Freedom’ would be paused ‘for a short period of time’

The Independent UK

Aussie shares trim losses but higher rates here to stay

The Australian share market fell to a four-week low ahead of an expected interest rate hike, a clear RBA majority decision pointing to higher rates for longer.

AAP

Trump news at a glance: Middle East tensions back to the brink with president’s new threats against Iran

US launched operation Monday to help hundreds of ships trapped with their crews in Gulf – key US politics stories from Monday 4 May at a glance

The Guardian - US

Spirit Airlines Shutdown Has Nothing to Do With Biden? Source Claims Geopolitical Events Started by Trump is to Blame

Spirit Airlines ceased operations due to geopolitical tensions and antitrust issues. The closure, linked to the Iran war and a blocked JetBlue merger, left employees and customers in uncertainty.

International Business Times UK

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The Independent UK

Iran strikes on UAE condemned by Starmer as Trump plots to reopen Strait of Hormuz

Two US-flagged cargo ships passed through the critical waterway as President Trump sought to reopen the maritime pinchpoint

Evening Standard

Middle East back on the brink: Iran attacks UAE sparking huge oil depot blaze amid Strait of Hormuz clash

Trump’s bid to reopen the Strait of Hormuz and free stranded vessels shakes fragile ceasefire

Fortune

Top U.S. oil producer declares “green” light on drilling for more oil amid Iran war

Diamondback is the largest U.S. oil producer to hike spending and drilling as a result of the Iran war thus far.

Fortune

'You could say the ceasefire has ceased': Iran is back on Wall Street's radar as oil prices spike 6%

The U.S. and Iran traded shots, while the UAE was slammed by drone strikes.

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The Guardian - US

Trump threatens to blow Iran ‘off the face of the earth’ if it attacks US vessels

US launched an operation on Monday in the Gulf, dragging the region back to the brink of full-scale war

Kiplinger

Dow Drops 557 Points as Iran Tensions Ramp Up: Stock Market Today

Wall Street is worried about re-escalating tensions in the Middle East.

International Business Times

Stocks Fall And Oil Surges As Tensions Flare Up In The Strait Of Hormuz

Stocks fell and oil jumped on Monday as tensions flare up again around the Strait of Hormuz.

International Business Times

U.S. Economy Could Face Demand Destruction Over Continued Economic Impact Of Iran War

A new report claimed that the continued impact of the Iran war will put the U.S. economy through demand destruction, a process in which prices rise so sharply that households and businesses are forced to change how they spend, work, travel, and invest.

Latin Times

UAE Reports Iranian Drone Strike on Key Oil Port as Tensions Escalate in Strait of Hormuz

Iran's state media, however, cited an unnamed official saying Tehran had "no plans to target the UAE"

Barchart

Dollar Rises as Iran Tensions Escalate

The dollar index (DXY00 ) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices surged more than +4% due to the escalation of tensions in the Middle East. Also, Monday’s better-than-expected US March factory orders report supports...

Evening Standard

Trump says US has struck seven Iranian boats as tensions spike in Strait of Hormuz

‘We’ve shot down seven small boats,’ wrote Trump on social media

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