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The Latest Breaking News from Iran

Iran and the US engaged in tit-for-tat clashes this Thursday. Tehran said it fired on an American army base in the region, while the US claimed it had struck Iran’s Bandar Abbas port. Later in the day, Axios reported that Washington and Tehran had reached an agreement to extend their…

France 24

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Ceasefire report and US stockpile data impact crude market

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved lower after reports claimed the United States and Iran reached a ceasefire extension agreement. Brent crude and US WTI crude futures also reacted to lower-than-expected US crude…

The Economic Times

US and Iran reach tentative deal, pending Trump's approval

The US and Iran have agreed to extend the ceasefire by 60 days to make space for further negotiations to end the war but Trump still has to approve the deal, reports said Thursday, citing US officials familiar with the matter.

Euronews

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AAP Rolling News Bulletin May 29, 0400

AAP Rolling News Bulletin for May 29 at 0400

AAP

The Guardian view on energy shocks: winter is coming – and Labour needs a plan

Editorial: Clean power remains essential. But until it arrives, Britain must stop LNG made scarce by the Iran war setting gas and electricity prices

The Guardian - UK

AAP Rolling News Bulletin May 29, 0330

AAP Rolling News Bulletin for May 29 at 0330

AAP

Iran, US reach deal to extend ceasefire 60 days: report

US and Iranian negotiators have reportedly reached a tentative agreement to extend a ceasefire by 60 days and launch talks on Iran's nuclear program.

AAP

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US and Iran reach peace deal pending Trump approval: officials

The agreement, if approved, would reopen the Strait of Hormuz and set up talks over the disposal of Iran’s highly enriched uranium

The Independent UK

EU envoy seeks more vessels to secure Hormuz navigation once the war in Iran ends

The European Union's foreign policy chief says securing freedom of navigation through the Strait of Hormuz after the Iran war ends will require more ships

AAP

A single day of attacks on Iranian oil refineries released as much sulfur dioxide as a volcanic eruption

Fires from March 7 airstrikes created a sulfur dioxide plume spanning 185,000 square miles.

LiveScience

US and Iranian negotiators reach tentative deal to extend ceasefire and launch nuclear talks

U.S. and Iranian negotiators have reached a tentative agreement to extend the ceasefire by 60 days and launch talks on Iran's nuclear program

AAP

Crude Oil Prices Supported as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26 ) is up +0.0168 (+0.55%). Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said...

Barchart

Bigger proportion of non-Iran ships crossing Hormuz strait: Data

The proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from maritime firm Lloyd's List Intelligence shared Thursday. Adding to the uncertainty, Iranian forces have fired at four ships attempting to cross the Strait of Hormuz without authorisation,…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

The Economic Times

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Evening Standard

FTSE 100 slumps as US strikes test peace optimism

The FTSE 100 closed down 79.05 points, or 0.8%, at 10,425.96.

The Guardian - US

US inflation rose at fastest pace in three years in April as Iran war hikes up prices

Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms

The Times of India

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

Barchart

Stocks Rebound Amid News of a US-Iran Deal

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.62%. June E-mini S&P futures (ESM26 ) are up +0.33%, and June E-mini Nasdaq futures...

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The Independent UK

US issues new warning to Oman after Trump threatened to ‘blow up’ ally

IN FULL

France 24

Reconnected? Iranians say only 'drip-feed' internet has returned after three-month shutdown

After almost three months of being cut off from the world, internet access was partially restored in Iran starting on Tuesday. While some rejoice at finally being reconnected and able to check in on their loved ones, many complain about the persistent slowness in connectivity and doubt a complete restoration…

AAP

Wall Street pushes to more records as profits keep piling up for US companies

U.S. stocks are pushing to more records as companies like Dollar Tree, Snowflake and Hormel Foods keep piling up profits

International Business Times UK

Did Donald Trump Fail His Cognitive Test? POTUS Confuses Venezuela With Iran In Shocking Gaffe

Donald Trump confused Venezuela with Iran during a live Cabinet meeting just hours after boasting that his latest cognitive test at Walter Reed had gone 'perfectly'.

The Independent UK

US and Iran ‘reach agreement on memo to end war’ but it still needs Trump’s approval

IN FULL

The Conversation

The Strait of Hormuz: The supply chain loop that broke the world

It took only five days after the attack on Iran by the United States and Israel in late February for Iran to close the Strait of Hormuz, one of the world’s most vital energy and maritime chokepoints.

AAP

Wall Street advances as US and Iran eye truce extension

US stocks have closed higher as investors digested inflation data and monitored developments in Iran.

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