The Latest Breaking News from Iran

Kuwait desalination plant hit as US and Iran escalate infrastructure attacks

The United States struck ​bridges and energy sites in Iran on Friday, and Tehran responded by hitting a power and water desalination plant in Kuwait, as the two sides expanded their targets to include infrastructure. Read our blog to see how the day's events unfolded.

France 24 · Jul 16

Gold prices face turbulence as oil, Fed risks increase

Renewed hostility between the US and Iran could cause global gold prices to plunge to US$3,600-3,800 an ounce, or 60,000 baht per baht-weight for domestic gold bar, especially if oil prices rise to $90-100 a barrel and remain at that level for more than a month, according to Thailand's leading…

Bangkok Post · Jul 16

Trump makes unverified claims of China ‘election meddling’ as critics fear ploy to challenge midterm results

Opponents say president’s address about 2020 election loss is attempt to sow confusion ahead of midterms that could deliver big losses for Republicans

The Guardian - UK · Jul 16

JD Vance claims Israel is trying to manipulate Iran war, admits Trump administration messed up with Epstein files

“I represent Americans first.”

We Got This Covered · Jul 16

US stocks today: Nasdaq ends lower as chip weakness offsets solid earnings, economic data

U.S. stocks slipped as chipmakers dragged the Nasdaq and S&P 500 lower despite solid economic data and strong earnings expectations. Semiconductor weakness offset gains in healthcare, while rising oil prices and escalating U.S.-Iran tensions added pressure. Investors remain cautious amid volatility, even as retail sales and labor data signal underlying…

The Economic Times · Jul 16

Backed into a corner by Iran over the Strait of Hormuz, Trump may resort to even more reckless escalation

In a moment of brazen hubris in the Oval Office last year, US President Donald Trump railed at Ukrainian President Volodymyr Zelensky. He accused Zelensky of not being thankful for US support in Ukraine’s existential struggle against invading Russian forces, and famously told him: “You don’t have the cards”.

The Conversation · Jul 16

Dollar Boosted by US Economic Strength and Hawkish Fed Comments

The dollar index (DXY00 ) rose by +0.27% on Thursday. The dollar rallied on Thursday as better-than-expected US economic reports signaled economic strength and lifted T-note yields. Weekly jobless claims unexpectedly fell to a 10-week low, Jun retail sales rose as expected, and the Jul Philadelphia Fed business outlook survey...

Barchart · Jul 16

Karoline Leavitt just revealed something worrying about Trump’s psyche — and his approach to the midterms

ANALYSIS: ‘Everyone should tune in’ because what Trump has found out ‘will shock you,’ said the White House press secretary, at a briefing that left a lot of people feeling nervous about both the 2026 and 2028 elections, writes Holly Baxter

The Independent UK · Jul 16

Dollar Strength Sparks Long Liquidation in Crude Oil Futures

August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline prices gave up early gains on Thursday and settled lower, as a stronger dollar sparked profit-taking and long liquidation. Crude prices are supported by...

Barchart · Jul 16

Why are World Sugar Futures Stuck in Neutral?

World sugar futures on the Intercontinental Exchange have traded in a narrow range of 13.34 to 16.10 cents per pound in 2026. While sugar is consolidating, it has made higher lows since mid-February but lower highs since late March.

Barchart · Jul 16