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The Latest Breaking News from Iran

Iran eyes the Red Sea: How it can control the vital maritime chokepoint

Iran has signalled that it could expand pressure beyond the Strait of Hormuz to another of the world's most critical maritime chokepoints, the Bab el-Mandeb Strait at the southern entrance to the Red Sea. The warning comes as disruptions in Hormuz continue to strain global energy markets and shipping.

The Times of India

US expands strikes into northern Iran and disables ship trying to run blockade

The United States intensified its strikes against Iran, hitting targets farther north. Iran retaliated by launching missiles and drones at US allies in the region. The interim ceasefire has collapsed, leading to days of back-and-forth attacks. The conflict is focused on the Strait of Hormuz, impacting shipping traffic. Efforts continue…

The Economic Times

Iran reports fresh strikes near Qeshm Island and accuses US over ‘barbaric’ hospital attack – as it happened

Iranian news agencies say a US missile hit island in strait of Hormuz, after foreign ministry said children’s cancer hospital in Ahvaz had to be evacuated

The Guardian - AU

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A case for less talk? Making sense of Fed's flip-flops over past one year

The call from Federal Reserve chief Kevin Warsh to curtail policy guidance is gathering momentum, with Fed Governor Chris Waller making a notable leap from dovish to hawkish stances. Michelle Bowman has also shown a marked transformation in her policy views. Meanwhile, Stephen Miran is advocating for a focus on…

The Economic Times

China's oil fortress will reshape the global order

China shielded itself from the Iran war's energy shock by cutting crude imports and restricting fuel exports. This move demonstrated its capacity to manage global energy flows independently. The nation's substantial oil stockpiles remain largely untapped, offering future strategic options. China's actions transformed it from a price taker to a…

The Economic Times

'We will kill Trump': Tehran puts up gigantic billboard depicting US president in coffin

A large billboard showing Donald Trump in a coffin appeared in Tehran's Enghelab Square. This display coincided with renewed military strikes between the United States and Iran. US forces conducted strikes targeting Iranian command centers and air defense systems. Iranian authorities reported a missile strike near a cancer hospital in…

The Times of India

Who is Dena Karari? Why was the Iranian-American tech professional detained by Iran

An American citizen, Dena Karari, has been released from Iran. She was detained in December 2024 on espionage charges. President Trump announced her release as a gesture of goodwill. Karari is a dual national who ran a US-registered non-profit. Her release occurred amid renewed military confrontation between the US and…

The Economic Times

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UK economy ekes out growth in May amid Iran war pressures

Growth has been pulling back sharply after a much better than expected start to the year

The Independent UK

UK economy eked out growth in May amid Iran war pressures

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

Evening Standard

UK economy returns to growth in May despite Iran pressures – with Andy Burnham warned over what’s next

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

The Independent UK

UK economy grew by 0.1% in May despite impact of Iran war

Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics show

The Guardian - UK

Europe Today: Middle East tensions rise as Europe deepens support for Ukraine

US strikes on Iran escalate tensions in the Middle East as fears grow over the Strait of Hormuz and global energy markets. In Kyiv, the EU and Ukraine deepen defence cooperation with a new drone partnership, while Europe debates its role in supporting Ukraine’s war effort.

Euronews

Analyst Sees $4 Gas if Current Trends Continue, Warns Failure to Hit 9 Million Barrels Per Day Could Signal 'Demand Destruction'

Demand for gasoline in the U.S. could be falling as price volatility, fueled by ongoing escalations in the Middle East amid the U.S.-Israel and Iran war, poses challenges to the global oil supply chain.

Benzinga

Rupee slips 6 paise to 96.31 against US dollar in early trade

The rupee weakened against the US dollar due to global crude oil volatility and a stronger greenback. Foreign institutional investor outflows continued to pressure the local currency in early trade. The West Asia crisis intensified with further strikes and retaliatory actions by Iran. Domestic equity markets opened positively, providing some…

The Economic Times

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The Independent UK

Oil prices lower despite US intensifying strikes against Iran

Asian shares are mostly lower and oil prices have fallen despite back-and-forth strikes between the US and Iran

The Economic Times

Oil is crude once again! Is $95 the new normal and what it means for Indian investors?

Crude oil prices are rising again due to escalating Middle East tensions. This surge impacts India's import costs and government finances significantly. Higher oil prices will likely pressure the Indian rupee and fuel inflation. Indian equity markets may experience a broad risk-off reaction. Sectors like aviation and logistics face increased…

Euronews

Why this summer's heatwaves could raise your supermarket bill next year

While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.

The Independent UK

Iran-US war latest: US marines board tanker in Strait of Hormuz as Trump’s latest strikes kill seven

Tehran warns it could close a second key oil route as it retaliates against American allies

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The Economic Times

Certain elements in Israeli govt want the war to continue indefinitely: US VP JD Vance

US Vice President JD Vance accused Israeli government elements of influencing American public opinion. He stated these elements sought to prolong the conflict with Iran indefinitely. Vance alleged a foreign influence campaign aimed to derail diplomatic efforts he pursued. Reports indicate Israel allocated significant funds to bolster US support for…

The Economic Times

Iran overplaying its hand on Hormuz? A new game has just begun in West Asia oil scene

As nations surrounding Iran pour billions into new pipeline networks, the significance of the Strait of Hormuz as an oil transit route is rapidly declining. Forecasts suggest that by 2030, these overland alternatives will overshadow maritime transport through the strait. This will likely lead to a reduction in Iran's capacity…

The Economic Times

Fujairah bunker fuel sales halve as US-Iran war disrupts supplies

Fujairah bunker fuel sales dropped significantly in early 2026. This decline occurred after the U.S.-Iran war impacted supplies near the Strait of Hormuz. Zhoushan port in China is now set to overtake Fujairah as a major hub. Supply disruptions continued to affect Fujairah's market throughout the period. Inventories briefly rebounded…

The Independent UK

US strikes expand into northern Iran as it disables ship trying to run blockade

The United States has intensified its strikes targeting Iran, hitting targets further north

Benzinga

Trump Says Iran Released American Detained Under 'Sleepy Joe Biden': President 'Appreciates This Gesture of Goodwill'

On Wednesday, President Donald Trump said Iran released an American citizen detained since December 2024 and said the United States appreciates the move as a “gesture of goodwill.”

The Times of India

'They better behave': Trump says Iran wants settlement amid fresh strikes

President Trump warned Iran to behave if it desires negotiations with Washington. US forces conducted new military strikes targeting Iranian command centers and air defense systems. These strikes aimed to degrade Iran's ability to threaten commercial vessels in the Strait of Hormuz. Iranian authorities reported a missile attack near a…

Euronews

Iran launches retaliatory attacks on US bases in Kuwait, Bahrain and Jordan

The latest missile strikes began when the US said it fired a missile into a Curaçao-flagged oil tanker's funnel after claiming the ship "ignored multiple warnings".

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