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The Latest Breaking News from Iran

Oil Price Today (May 15): Crude oil above $105 as Iran war resolution stagnates. Where is liquid gold headed?

Oil prices climbed Friday amid fears of ship attacks and seizures, despite Iran's claims of safe passage through the Strait of Hormuz. Traders are also watching US-China trade talks closely. Geopolitical tensions remain high, with disruptions significantly tightening global oil supplies and potentially impacting prices until late 2027.

The Economic Times

Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

Nations across Asia are pushing for the use of more biofuels in transportation in order to slash dependence on imported fossil fuels, which have been disrupted by the Iran war

The Independent UK

Oil rises as fears of ship attacks and seizures persist

Oil prices saw an increase on Friday. Market worries persist regarding ship attacks and seizures. Iran stated many vessels passed through the Strait of Hormuz. U.S. and Chinese presidents continued their discussions in Beijing. A ship was reportedly seized off the United Arab Emirates. The U.S. and China agreed on…

The Economic Times

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Donald Trump says China wants to buy oil, soybeans from US

President Trump announced China's intent to purchase US oil and soybeans following his meeting with Xi Jinping. Discussions also covered Visa's market access, trade deals, and regional security, including Iran and Taiwan. Trump described Xi as a direct and business-focused leader.

The Economic Times

Indian PM seeks trade, energy stability on UAE-Europe tour

Indian Prime Minister Narendra Modi began a five-nation tour on Friday, heading to the United Arab Emirates before Europe, overshadowed by energy and supply-chain worries due to the Iran war.

Radio France Internationale

Trump news at a glance: a warm welcome and a cold warning as US president visits China

China keen to put Taiwan at the top of agenda that risks being overshadowed by US-Israel war on Iran and disagreements over trade – key US politics stories from Thursday, 14 May at a glance

The Guardian - US

US House narrowly rejects bid to rein in Trump Iran war powers

The U.S. House of Representatives narrowly rejected a resolution to halt the Iran war without congressional approval. The vote was tied, failing to pass. This marks the third such attempt this year, with votes becoming increasingly close. Democrats argue the Constitution requires Congress to declare war, while Republicans and the…

The Economic Times

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West Asia War: Ship reported seized off UAE as Trump discusses Iran with Xi

A ship was seized by Iranian personnel near the UAE. US President Trump and Chinese President Xi Jinping agreed on keeping the Strait of Hormuz open. An Indian cargo vessel was sunk off Oman. Iran is making deals for ships to pass through the strait. Iran's Judiciary Spokesperson stated seizures…

The Economic Times

Trump and Xi set for second day of talks after Taiwan warning

President Donald Trump concluded his state visit to China. He met with President Xi Jinping. The visit featured business deals and discussions. President Xi issued a strong warning regarding Taiwan. Trump expressed hope for a stronger relationship. China agreed to purchase Boeing jets. Discussions also covered Iran and trade.

The Economic Times

Donald Trump indicates military destruction of Iran ‘to be continued’

The US president made the comment in an early morning Truth Social post on the final day of his visit to China.

Evening Standard

Pentagon is not investigating reports of strikes on Iranian schools and hospitals

IN FULL

The Independent UK

Iran permits 30 vessels to pass through Strait of Hormuz overnight; Hezbollah strikes Israel - top developments

Iran’s Revolutionary Guards said around 30 ships had crossed the Strait of Hormuz with Tehran’s permission since Wednesday evening, signalling a limited easing of restrictions on one of the world’s most important energy routes. Iranian media reported that several Chinese vessels were among those allowed through after what officials described…

The Times of India

Who Is Monica Elfriede Witt? Ex-Air Force Counterintelligence Agent Accused of Spying for Iran

The FBI is offering a £154,000 reward for information leading to the arrest of Monica Witt, a former US Air Force officer accused of espionage for Iran.

International Business Times UK

Congressional leaders plead with their absentee lawmakers: "You've got to come"

An Iran war powers resolution failed in a tie vote with a half dozen House members absent.

Axios

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Latin Times

Xi Warns Trump Of "Clashes And Conflicts" As Tense US–China Summit Progresses

A high-stakes summit in Beijing between US President Donald Trump and Chinese President Xi Jinping has revealed both sharp tensions and limited points of cooperation, even as both sides tried to project warmth in public.

The Independent UK

Jimmy Fallon mercilessly mocks Donald Trump’s negotiating skills with Iran jab

IN FULL

The Independent UK

Defense Department not investigating reports of US bombing schools and hospitals in Iran, military chief says

Central Command Admiral Brad Cooper dismisses in-depth reporting on the alleged scale of destruction from US airstrikes

The Conversation

Iran is threatening undersea cables. The world’s ‘digital chokepoints’ have never been more vulnerable

Early this week, Iranian state-linked media floated a plan to charge the operators of undersea internet cables in the Strait of Hormuz for access to what they say is Iran’s offshore territory.

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We Got This Covered

‘If you don’t help us’: Lindsey Graham delivers an ultimatum to Beijing the same night Trump is shaking hands with Xi Jinping

Someone needs to remind him that he’s not the President.

International Business Times

Vance Says White House Has 'A Lot Of Work To Do' After Trump's On Americans' Finances

Vice President JD Vance said the Trump administration has "a lot of work to do" on the economy after President Donald Trump faced backlash for saying Americans' financial struggles were not motivating his push for a deal with Iran.

Barchart

Crude Oil Prices Supported by Closure of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed up +0.15 (+0.15%), and June RBOB gasoline (RBM26 ) closed down -0.0130 (-0.36%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices pushed higher on Thursday as peace talks between the US and Iran remain in limbo, keeping global...

The Independent UK

Iraq's parliament approves partial Cabinet lineup

Iraq's parliament has approved the government program and part of the Cabinet lineup of Prime Minister-designate Ali al-Zaidi

Latin Times

Who Is Golshifteh Farahani? The 'Pirates of the Caribbean' Iranian Actress Suddenly Linked to the Macron Slap Drama

Golshifteh Farahani is the Iranian-born actress suddenly at the center of one of the strangest political gossip storms in France, after a new book alleged that messages exchanged with President Emmanuel Macron may have contributed to the infamous viral moment in which First Lady Brigitte Macron appeared to shove or…

International Business Times

Trump Says Xi Offered Help To Make a Deal With Iran And 'Would Like To See The Hormuz Strait Open'

President Donald Trump said on Thursday that U.S. counterpart Xi Jinping offered him help to strike a deal with Iran and would "like to see the Hormuz Strait open" as the stalemate between the two countries continues.

The Economic Times

Iran war crisis: With long-term vision, India could turn turmoil into triumph

India confronts an economic crisis driven by global events. Import duties on gold and silver are an initial step. Policymakers warn of crunch time. The nation's reliance on imported crude oil is a key vulnerability. Capital outflows and trade disruptions are impacting the currency. The Reserve Bank of India must…

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