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The Latest Breaking News from Iran

Iran-US war restarted? Tensions rise as Washington, Tehran resume attacks amid truce talks: Check key developments

Fresh US strikes targeted Iran's drone control center near Bandar Abbas after Iranian forces fired on a US tanker in the Strait of Hormuz. Washington also imposed new sanctions on an Iranian agency controlling shipping. Kuwait intercepted missiles and drones, while Israel warned Lebanon's Tyre of impending action against Hezbollah,…

The Economic Times

AAP Rolling News Bulletin May 28, 1400

AAP Rolling News Bulletin for May 28 at 1400

AAP

Iran targets US airbase after Washington’s strikes near Hormuz, warns ‘aggressor’ of harsher response

Iran's Revolutionary Guards announced they struck a U.S. airbase early Thursday, claiming it followed a U.S. attack near Bandar Abbas. The Guards issued a stern warning, vowing a more forceful response to any future "aggression" and holding the "aggressor" accountable for repercussions. The specific base targeted was not disclosed.

The Economic Times

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Asian shares decline and oil prices up more than $1 after US strikes on Iran

Shares are mostly lower in Asia after the U.S. conducted what the military said were defensive strikes against Iran

AAP

Kuwait says it faces a missile and drone attack as shaky ceasefire in Iran war again challenged

Kuwait says it faced a missile and drone attack as the shaky ceasefire in the Iran war was again challenged

AAP

Hormuz standoff: Trump's 'will blow them up' warning to Oman amid fragile Iran-US peace talks

Speaking to reporters during a cabinet meeting at the White House on Wednesday local time, Trump rejected the idea of any temporary arrangement that would allow Iran and Oman to jointly manage the strait. "No, the strait's going to be open to everybody," Trump said when asked whether he would…

The Times of India

AAP Rolling News Bulletin May 28, 1330

AAP Rolling News Bulletin for May 28 at 1330

AAP

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US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

The Economic Times

ECB chief economist sees persistent impact on inflation from Iran war

Iran war impact: The European Central Bank's chief economist Philip Lane warns of lasting inflation from the Middle East conflict's energy shock. Even if the war ends quickly, energy costs may remain high. This could lead to further interest rate hikes by the ECB. Central banks must carefully manage monetary…

The Economic Times

Israel declares new 'combat zone' in southern Lebanon, orders evacuations

Israel expanded its military campaign in southern Lebanon on Wednesday, ordering residents to evacuate areas south of the Zahrani River as strikes intensified despite an April ceasefire. The escalation comes as Israeli officials seek to pressure Hezbollah while avoiding actions in Beirut that could complicate US-led diplomacy with Iran.

France 24

FED:Australian shares fall amid fresh US strikes on Iran

Miners, banks and industrials are weighing on the ASX, after renewed US attacks on Iran dampened hopes of an imminent solution to the Persian Gulf crisis.

AAP

Shares drop and oil surges as US, Iran trade strikes

Miners, banks and IT stocks have dragged on the local bourse as renewed hostilities in the Persian Gulf rattle an already fragile US-Iran ceasefire.

AAP

AAP Rolling News Bulletin May 28, 1300

AAP Rolling News Bulletin for May 28 at 1300

AAP

Gold hits two-month low as fresh US-Iran strikes fuel inflation fears, hurt peace hopes

Gold prices fell to a two-month low on Thursday. This happened after new U.S. strikes in Iran boosted the dollar and oil prices. Concerns about inflation and interest rates increased. Spot gold dropped to $4,406.81 per ounce. Other precious metals also saw declines. Investors are now watching U.S. economic data…

The Economic Times

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The Times of India

'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst…

AAP

AAP Rolling News Bulletin May 28, 1230

AAP Rolling News Bulletin for May 28 at 1230

The Times of India

Has war resumed? US launches fresh strikes on Iran; Kuwait intercepts missiles, drones — what we know so far

The US military carried out fresh strikes in Iran on Wednesday, shooting down four Iranian drones and hitting a control centre in the southern port city of Bandar Abbas, even as Washington and Tehran continue negotiations to end their three-month conflict.

AAP

Stocks retreat from record highs as Gulf tensions flare

News of fresh US military strikes in Iran has taken the steam out of the tech-driven bull run in Asia, while oil prices have rebounded.

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The Economic Times

Trump’s bind deepens with Hormuz shut and hawks pushing war

President Trump faces pressure from Iran's demands for financial relief and Republican hawks urging a decisive end to the conflict. This has led to fluctuating promises of a deal and threats of renewed military action, complicating efforts to resolve the ongoing war and open the Strait of Hormuz.

AAP

AAP Rolling News Bulletin May 28, 1200

AAP Rolling News Bulletin for May 28 at 1200

The Economic Times

Dollar near one-week high as US-Iran tensions flare, yen nears intervention zone

The dollar strengthened near a one-week peak. New U.S. strikes in Iran have complicated peace talks. Oil prices rebounded as hopes for a quick resolution faded. Investors anticipate the dollar to rise further. The yen weakened significantly, nearing a level that previously prompted central bank intervention. Markets await key U.S.…

The Economic Times

Gold eases as US-Iran tensions cloud interest rate outlook

Gold prices dipped as escalating U.S.-Iran tensions fueled oil price surges, sparking inflation worries and casting a shadow over the Federal Reserve's interest rate decisions. Investors are now keenly awaiting crucial U.S. economic data for further policy direction. Meanwhile, other precious metals like silver, platinum, and palladium also experienced declines.

The Economic Times

Trump says he can outwait Iran, dismisses midterm election pressure

President Donald Trump expressed no concern over a prolonged conflict with Iran. He believes Iranian leaders wrongly assumed the November midterm elections would compel him to reach a deal. Trump dismissed the idea of being pressured by the midterms. He also highlighted a recent primary election win as a preview…

The Economic Times

Global Market Today: Asian stocks slip from record highs, oil gains

Asian equities retreated from record highs as conflicting signals from the US and Iran on a potential peace deal emerged. Crude oil prices surged as the Strait of Hormuz remained disrupted. The dollar strengthened and Treasuries dropped as sentiment soured following US strikes and White House skepticism about negotiations.

The Economic Times

US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

The Trump administration imposed new sanctions on Iran's newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve…

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