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The Latest Breaking News from Iran

EU says could expand naval mission to Strait of Hormuz

EU's top diplomat Kaja Kallas indicated the bloc may expand its Red Sea naval mission, Operation Aspides, to include the Strait of Hormuz post-Iran war. This potential extension aims to secure vital shipping lanes, with some nations already pledging additional vessels to bolster the mission's capabilities.

The Economic Times

Iran War Drives Up Business Costs As Economists Warn Of Pressure On Hiring, Investment

Nearly half of U.S. business economists report negative impacts from the Iran war as higher input costs and weaker profit outlooks begin to weigh on investment decisions.

International Business Times

War on Iran about oil, not for wiping out civilisation: RSS General Secy Hosabale

The West Asia conflict is driven by oil, not civilization, according to RSS General Secretary Dattareya Hosabale. He believes India can influence leaders towards peace. Wars stem from greed or wicked minds. Hosabale also supported Prime Minister Narendra Modi's call for austerity, deeming it essential for India's well-being.

The Economic Times

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‘I don’t trust Pakistan’: US official questions Islamabad's mediation role after Iran aircraft row, seeks alternative

Senator Lindsey Graham has questioned Pakistan's credibility as a mediator in US-Iran negotiations, citing reports of Iranian military aircraft using Pakistani bases. Pakistan denies these claims, stating aircraft were for diplomatic arrangements. Broader scrutiny of Pakistan's mediation role has emerged within the Trump administration due to stalled talks and Iran's…

The Times of India

UAE’s secret attack on Iran risks drawing Gulf states into the war

If current precarious ceasefire between US and Iran ends, Emirates are more likely to be targeted by Tehran

The Guardian - UK

Bulletin world briefing: Cruise ship hantavirus cases rise and Russia tests new nuclear ballistic missile

Cruise ship hantavirus cases rise to 11 as Spanish passenger falls ill Russia tests new nuclear ballistic missile that could soon be deployed Macron interrupts speaker to ask for silence in awkward moment How the UAE carried out secret military attacks on Iran Australian musician cuts tour short after being…

The Independent UK

Pete Hegseth Faces 'Brutal' Congressional Grill Over Unauthorised, $1.5 Trillion Budget 'Disastrous' Iran War

On Tuesday, Pete Hegseth returned to Congress to discuss Ukraine, Iran and Donald Trump's $1.5 trillion Pentagon budget request.

International Business Times UK

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Even Dictatorships Don't Fight Wars This Way

The American public never got a satisfying explanation for why Trump attacked Iran in the first place.

Reason

How the U.S.‑Israel war against Iran is exposing the limits of the petrodollar system

For the first time since the Second World War, excluding the COVID-19 pandemic, public debt in the United States has surpassed the entire economy’s GDP. As of late March, debt held by the public reached US$31.27 trillion, just ahead of the GDP of US$31.22 trillion.

The Conversation

Bulletin PM briefing: Labour split as Starmer fights for his future and Iran’s nuclear threat

In case you missed it – here are five of today’s top stories

The Independent UK

'The shock is coming and no one has any answer': Uday Kotak warns Indians to prepare for the worst days after PM Modi’s austerity call

Business tycoon Uday Kotak warns that the real economic pain from the Iran war is yet to hit Indian consumers, with soaring energy prices poised to trigger a major financial shock.

The Economic Times

Crude Oil Prices Rally on Doubts Over US-Iran Ceasefire

June WTI crude oil (CLM26 ) today is up +3.95 (+4.03%), and June RBOB gasoline (RBM26 ) is up +0.1110 (+3.08%). Crude oil and gasoline prices are moving sharply higher today after President Trump cast doubt over the ceasefire with Iran, which could lead to the escalation of hostilities that...

Barchart

Why Pakistan backstabs the US, and always gets away with it

For decades, the US grappled with Pakistan's dual role as a terror war ally and a supporter of militant groups. Despite accusations of sheltering terrorists and recent reports of allowing Iranian aircraft access, the US maintained ties due to Pakistan's strategic location, nuclear arsenal, and intelligence cooperation, fearing a destabilized…

The Economic Times

Operation Epic Furious is a video game inspired by Donald Trump's Iran War

Satirical art meets retro gaming.

Creative Bloq

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The Guardian - US

Stephen Colbert on Trump’s 22ft gold statue at his golf club: ‘recreational idolatry’

The host reacted to the president’s ‘very simple’ Iran peace plan, his AI Mother’s Day images and the US transportation secretary’s new reality show

The Economic Times

Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall Street

US stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell more than 307 points to 49,396.89, while the S&P 500 declined 0.63% to 7,366.24. The Nasdaq Composite dropped nearly 1%. Tech stocks lost momentum. Nvidia,…

The Economic Times

Iranian FM Araghchi to visit India for BRICS summit to bolster ties

Iran's Foreign Minister Seyed Abbas Araghchi will visit India for the upcoming BRICS summit. This high-level participation signifies strengthening ties between Iran and India. The meeting in New Delhi is crucial for multilateral cooperation. Araghchi will engage in bilateral discussions with other ministers, including India's Foreign Minister. This visit builds…

Fortune

'A miserable number': Iran war and AI spending drove inflation to a 3-year high

KPMG's Diane Swonk says the Iran war is in your groceries, AI is in your electricity bill, and the Fed has no easy way out.

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The Economic Times

Sensing an edge, Iran 'ready to gamble' it can outlast Trump

Iran's leadership is betting it can outlast an under-pressure Donald Trump in its peace negotiations with Washington, but its defiance risks renewed military confrontation and further stoking domestic tensions, analysts say.in Tehran that Trump and Israel could no longer wield the threat of military action to pressure the leadership.

International Business Times UK

UK Employment Forecast 2026: 163,000 Jobs Threatened as Iran Conflict Disrupts Supply Chains

A new forecast warns the UK could lose 163,000 jobs in 2026 as higher energy costs and supply chain disruption hit manufacturing, construction and consumer spending across key regions.

Barchart

Dollar Rallies on Crude Oil Strength as Hot US CPI Report

The dollar index (DXY00 ) today is up by +0.45%. The dollar is climbing today on renewed concerns that the US-Iran ceasefire may break down after President Trump said the current ceasefire was on "life support." Today's +3% surge in crude oil prices also boosts inflation expectations and may prompt...

The Times of India

'Overplayed its hand before': Iran bets Trump will blink first - will the gamble work?

Iran is betting it can outlast President Trump's term in high-stakes negotiations, employing brinkmanship and economic pain tolerance. Analysts warn this strategy, centered on weaponizing the Strait of Hormuz, risks escalating into renewed war if Iran overplays its hand.

International Business Times

Oil Rises As Hope For Iran Deal Continue To Fizzle

Oil rose again on Tuesday as hopes for a deal to end the war in Iran continue to fizzle.

Euronews

Iran war pushes US inflation to 3.8% as petrol prices surge

US consumer prices rose 3.8% in April as the Iran war drove petrol costs up 28% in a year, with real wages falling for the first time in three years, according to government data.

The Economic Times

Investors say they want Trump and Xi to stay out of AI's way

The tables have turned. There's little China is eager to discuss with Trump," said Yang Tingwu, vice general manager of Tongheng Investment, adding that Trump's unresolved war with Iran has weakened his hand

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