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The Latest Breaking News from Iran

Patience as power: How Beijing turned America's Iran war into a Taiwan strategy

While the US and Israel engaged in conflict with Iran, China quietly leveraged the situation to expand its influence. By positioning itself as a diplomatic alternative and stabilizing energy supplies, Beijing benefited from a weakened American strategic position and growing uncertainty about US reliability among allies.

The Times of India

The Dragon and the Dealmaker: Tariff warrior Trump arrives in Beijing as a trade pilgrim

TOI Correspondent from Washington: Americans are holding their breath as US President Donald Trump arrived in Beijing on Wednesday, not merely over the outcome of the summit with Chinese President Xi Jinping, but whether their own mercurial leader might stumble into another unscripted diplomatic or political controversy.

The Times of India

Iran Has Managed To Regain Access To Most Of Its Underground Facilities Amid Ceasefire: Report

Iran has reportedly regained access to most of its underground facilities, including missile launchers, including in the Strait of Hormuz, according to a new report.

International Business Times

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Why Modi is asking people in India to stop buying gold

The unusual appeal from the prime minister has a direct impact on India’s foreign exchange reserves as the economy grapples with energy crisis and declining currency value, writes Namita Singh

The Independent UK

Bitcoin Could Hit $126,000 as New Bull Run Began With US-Iran Conflict, Says BitMex's Arthur Hayes

Arthur Hayes predicts Bitcoin's bull market, driven by AI spending and geopolitical tensions, could see prices reach $126,000 per token, with macroeconomic liquidity as a key factor.

International Business Times UK

Vertu says prolonged Iran war could spark higher vehicle prices

The company said profits were impacted by Government EV (electric vehicle) targets and last year’s Jaguar Land Rover cyberattack.

Evening Standard

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

Euronews

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First Thing: Trump due in China for high-stakes summit with Xi Jinping

The Iran war will cast a long shadow over the talks. Plus, the 100 best novels of all time

The Guardian - UK

Trump’s remarkable military failure shows abject fiasco of his Iran war

ANALYSIS: Sources tell The Independent that at least 60 per cent of Iran’s missiles have survived the Israeli-US attacks while its nuclear facilities remain largely undamaged amid delusion in the White House, reports world affairs editor Sam Kiley

The Independent UK

Starmer sets out plans for ‘stronger and fairer’ UK as he fights to save his job

The King’s Speech set out Sir Keir Starmer’s plans for government as his position as Prime Minister remained in jeopardy.

Evening Standard

Indian rupee hits record low as outflows, oil strain worsen rout

The energy shock from the prolonged U.S.-Iran war ‌that has effectively ⁠shut ⁠the Strait of Hormuz has hurt India's macroeconomic outlook and strained its current account balance. Economists have lowered their growth forecasts, raised inflation projections and warned of sustained pressure on the rupee.

The Economic Times

Pentagon could rename Iran war as conflict rumbles on

IN FULL

The Independent UK

UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty

Bovis Homes owner’s shares plunge 10.5% after being forced to cut prices as buyers become cautious

The Guardian - UK

India set to scale back Russian oil imports if US waiver lapses

Iran war oil impact: Amidst the ongoing geopolitical turmoil, Indian oil refiners face a critical moment as the expiration of a US waiver looms this weekend. With the war affecting supplies from the Persian Gulf, India has lately seen a surge in Russian oil imports.

The Economic Times

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The Economic Times

Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil dips as markets watch Iran ceasefire, Trump-Xi China summit and Strait of Hormuz risks

Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil slipped after a three-day rise while gas stayed stable as markets tracked Iran ceasefire risks and the Trump-Xi China summit.…

The Economic Times

India, Iran hold talks on "bilateral and regional issues"

India hosts the BRICS Foreign Ministers' Meeting soon. Iran's Foreign Minister Seyed Abbas Araghchi will attend. This follows a meeting between Iran's Deputy Foreign Minister Kazem Gharibabadi and MEA Secretary Sibi George. Discussions covered bilateral and regional matters. Iran seeks enhanced BRICS cooperation amid West Asia turmoil. India leads BRICS…

The Independent UK

Why Trump’s Pentagon wants to rebrand the Iran war

From the Trump administration’s point of view, renaming the military operation would restart a 60-day clock that requires congressional approval for war, one official said

Axios

Trump shrugs off rising inflation as war deepens economic spiral

The bottom is falling out on Trump's signature issue.

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The Independent UK

The £6bn bond yields drama unfolding behind the headlines

UK 10-year gilts have risen by more than those issued by other advanced economies since the start of the Iran war

The Independent UK

Australia’s Gold Coast abandons plans to build ‘toxic’ new Trump tower

Developer blamed ‘toxic’ Trump brand and Iran war for the project’s collapse

The Independent UK

Trump’s war has barely weakened Iran’s military, with missile power still largely intact, allies warn

The Pentagon announced on Tuesday that 10 weeks of war has cost the US $29bn

The Independent UK

Iran war briefing: Tehran restores most missile sites as Trump accuses US media of ‘virtual treason’

IN FULL

The Economic Times

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International Energy Agency reports significant supply losses and a projected deficit of 1.78 million barrels per day by 2026. Demand is also expected to decline due to price…

Fortune

Encrypted texts reveal how Nvidia chips and U.S. tech are being smuggled to China and Russia

American-made tech components are being illegally smuggled to Russia, Iran, and China and lawmakers fear it could give them a battlefield edge.

The Economic Times

Geopolitical tensions keep markets nervous despite strong earnings: Dipan Mehta

Geopolitical tensions, particularly the Iran crisis, are overshadowing strong corporate earnings, according to Dipan Mehta. While India Inc. shows resilience with encouraging results from auto, NBFC, and FMCG sectors, investors remain cautious. Mehta advises selectively accumulating quality businesses available at reasonable valuations amidst this uncertainty, highlighting potential in tech, auto…

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