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The Latest Breaking News from Iran

Iran eyes fees on Hormuz internet cables as new lever against the West

IRGC-linked media have called on Tehran to impose fees on submarine cables through the Strait of Hormuz and monitor global data traffic, citing claimed sovereignty over the waterway.

Euronews

FBI Doubles Down on Finding Monica Witt, the American Spy Who Gave Iran Names of Undercover US Agents

The FBI announced a $200,000 reward for Monica Witt, the former Air Force spy who defected to Iran with the real names of undercover US intelligence personnel.

International Business Times UK

Trump aims to defy gravity with Beijing friendship summit

Nearly every force shaping the two countries' relationship is pulling them apart.

Axios

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War worsens Lebanon's economic crisis with job losses, price gouging and slow business

The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast

The Independent UK

Global Market: Japan wholesale inflation hits 3-year high amid Iran oil shock

Japan's wholesale inflation surged to its fastest pace in nearly three years in April, driven by rising energy and commodity prices linked to the Iran conflict. This acceleration has intensified expectations that the Bank of Japan may raise interest rates as early as June, with markets pricing in a high…

The Economic Times

Trump and Xi wrap up summit claiming progress in stabilising ties but differences remain

The two leaders met on Friday at final talks of the superpower summit, which the US president said "settled a lot of different problems". Xi described Trump's visit as a "milestone visit".

Euronews

‘Xi would also like to see the Hormuz Strait open’: Donald Trump on US-China talks

US President Trump revealed Chinese President Xi Jinping desires the Strait of Hormuz reopened to stabilize global energy markets. Both leaders reportedly agreed on the necessity of this crucial shipping route's resumption. Discussions also touched upon potential increased Chinese purchases of American oil and agricultural products, alongside ongoing tensions regarding…

The Times of India

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Trump says he is losing patience with Iran after talks with China's Xi

Iran war: The U.S. paused its attacks on Iran last month but began a blockade of the country's ports. Talks aimed at ending the conflict have stalled with Iran refusing to end its nuclear program or relinquish its ‌stockpile of enriched uranium.

The Economic Times

Iran-US war latest: Trump warns Tehran ‘clock is ticking’ after phone call with Netanyahu

A drone strike has sparked a ⁠fire at an electrical generator at the Barakah Nuclear Power Plant in Abu Dhabi

The Independent UK

Iran war energy shock drives India's interest in ethanol and other biofuels

India and Southeast Asian nations are boosting biofuel use amid global fuel disruptions. This move aims to reduce reliance on imported oil and manage rising costs. However, challenges remain in developing supply chains and ensuring vehicle compatibility. Experts also highlight environmental concerns related to crop-based biofuel production. The shift towards…

The Economic Times

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

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

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Radio France Internationale

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.

The Guardian - US

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 Economic Times

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

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…

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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.

Evening Standard

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.

The Independent UK

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

IN FULL

The Times of India

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…

International Business Times UK

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.

Axios

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.

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.

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