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The Latest Breaking News from Iran

UK faces biggest fall in consumer confidence since start of Ukraine war, research suggests

PwC warned the drop in confidence would only get worse as energy and food costs are set to skyrocket

The Independent UK

Cost of US war on Iran mounting – as it happened

Pete Hegseth and other officials appear before House to face grilling on Iran war expenditure and military operations

The Guardian - UK

The best cash ISAs and savings accounts paying the highest interest rates in May

War in Iran has ‘upended interest rate expectations’

The Independent UK

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Uday Kotak puts India's troubles in perspective as the economy swings between hope and despair in the wake of Iran war

CII Annual Summit: Uday Kotak issued a rallying cry for India to gear up for looming global challenges. He stressed upon the importance of a proactive stance rather than a wait-and-see approach for India to successfully navigate the current global turmoil.

The Economic Times

Iranian chief negotiator says US must accept peace proposal or face 'failure'

Iran has refused to back down in its war with Washington, with military officials warning they are prepared to respond to any renewed US attack.

Euronews

Iran war creates new must-have for summer holidays: The plan B

Travellers are changing holiday plans. Shorter trips in Europe are becoming popular. Rising airfares and conflict are causing concern. Many are booking later and choosing flexible options. Airlines face higher fuel costs. Demand for travel remains strong but destinations are shifting. Safe-haven locations are in demand. Rail travel is also…

The Economic Times

Iran war oil shortage forces Japan snack giant to use black-and-white packaging

Calbee to switch its brightly coloured packaging to black and white because war has disrupted supply of certain raw materials used in ink

The Guardian - AU

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China green tech firms target new consumers hit by Iran war energy shock

Companies like Jinko Solar, Chery Automobile, and BYD are seeing surging demand for EVs, batteries, and solar panels in markets seeking alternatives to costly fuel imports.

The Economic Times

Global Market: Bank of Japan turns increasingly hawkish as oil shock fuels inflation concerns

Japan's central bank, the BOJ, is feeling pressure to raise interest rates soon. Surging oil prices linked to the Iran conflict are pushing inflation higher. Some policymakers want a rate hike as early as June. This signals a shift towards tighter policy. Investors now expect a significant change in Japan's…

The Economic Times

France and UK convene 40-nation Hormuz talks, as Iran stand-off continues

The United Kingdom and France are set to co-host a multinational meeting on Tuesday aimed at turning diplomatic efforts over the Strait of Hormuz into a practical security operation, as Western powers seek to stabilise the strategically important waterway after months of conflict and disruption.

Radio France Internationale

Asian shares trade mixed after Wall Street rally despite Iran war worries

Asian shares are trading mixed as optimism encouraged by a record rally on Wall Street clashed with pessimism over worries about surging oil prices and an inflated AI boom

The Independent UK

UK sanctions Iranian entities accused of deploying criminal proxies

Britain has imposed new sanctions targeting groups and individuals accused of facilitating hostile Iranian actions. These measures aim to disrupt illicit finance flows supporting Iran's destabilizing activities. The sanctions include asset freezes and travel bans for those threatening security in the UK and the Middle East.

The Economic Times

Pakistan extends countrywide austerity drive after US, Iran fail to strike deal

Pakistan Prime Minister Shehbaz Sharif has extended nationwide austerity measures until June 13 amid continuing uncertainty over the Iran conflict and fragile ceasefire in West Asia.

The Economic Times

Why market crashed today? Sensex tumbles 1,450 points; Nifty closes below 23,400. 6 key factors behind the D-Street bloodbath

Indian stock markets experienced a significant downturn on Tuesday, with Sensex and Nifty extending previous day's losses. The decline was fueled by a fresh all-time low in the rupee, elevated oil prices, and geopolitical concerns stemming from the Middle East conflict. Investors are spooked by continuing FII selling and global…

The Economic Times

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The Economic Times

Silver gains Rs 3,100/kg, gold at Rs 1.54 lakh/10g ahead of US inflation data, fading peace talk hopes. What should you do?

Gold and silver prices rose on MCX Tuesday as investors turned cautious ahead of key U.S. inflation data. Weakening hopes of a U.S.-Iran peace deal lifted crude oil prices, fuelling concerns that persistent inflation could keep global interest rates higher for longer.

The Economic Times

IHCL shares in focus after Q4 results; firm highlights Iran-US war impact. Here’s what Morgan Stanley, other brokerages say

The Indian Hotels Company Limited (IHCL) reported a 15% year-on-year rise in net profit to Rs 600 crore for Q4 FY26, despite a 36% sequential decline. Revenue also saw a year-on-year increase but a sequential dip. The company acknowledged the impact of the Iran-US war on its operations, particularly in…

The Economic Times

Peace deal hopes fade after Trump rejects 'garbage' Iran proposal

Hopes for an Iran peace deal have dimmed as President Trump stated a ceasefire is "on life support" following Tehran's rejection of a U.S. proposal. Iran presented a list of demands, including an end to the war on all fronts and compensation, which Trump dismissed. The Strait of Hormuz remains…

The Independent UK

Iran-US war latest: Trump accuses media of treason as US intel reportedly claims Tehran retains substantial missile capabilities

Trump says reports that the ‘Iranian enemy is doing well’ are ‘false’

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The Economic Times

Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boil

The rupee has reached its lowest point ever against the US dollar. This decline is driven by investor concerns over escalating conflict in the Middle East. The situation has led to a surge in oil prices. This development poses economic challenges for India, which imports most of its energy needs.…

The Economic Times

Pakistan 'ditched' US despite playing peacemaker, helped Iran park planes at Nur Khan to escape attacks

Pakistan reportedly allowed Iranian military aircraft to park on its airfields to shield them from US airstrikes, a claim a senior Pakistani official denied. This alleged action has prompted calls for a re-evaluation of Pakistan's role as a mediator in the US-Iran conflict.

AAP

Aussie shares wobble ahead of budget, oil surges again

Deteriorating US-Iran relations and concerns over flagged tax reforms weighed on the local share market, which has fallen in 15 of the past 19 sessions.

The Economic Times

Stung by Iran war, Trump heads to China in need of wins

President Trump visits China with reduced trade goals. His earlier tariff strategy has not yielded expected results. The meetings will focus on limited trade agreements and managing future trade relations. China seeks assurances on Taiwan and trade policies. The outcome is expected to be a temporary truce favoring China.

The Economic Times

Oil Price Today (May 12): Crude oil at $105 as Donald Trump says peace talks on ‘life support’. What are experts saying?

Oil prices rose for a second day as uncertainty surrounding U.S.-Iran conflict resolution kept global crude supply concerns high. President Trump indicated ceasefire talks are struggling, while the U.S. plans to release oil from its reserves. Market attention now shifts to Trump's China visit, with hopes of leveraging influence for…

The Independent UK

Trump polls dinner guests on GOP succession: ‘Who likes JD? Who likes Marco?’

Trump has taken to asking friends and acquaintances about which of his top lieutenants should carry the GOP flag in the next presidential race

The Times of India

UAE secretly joined Iran war? Report claims covert strikes hit key oil refinery

The United Arab Emirates secretly conducted attacks on an Iranian oil refinery last month, marking a new direct participant in the conflict. This action followed Iran's extensive targeting of the UAE, prompting a strategic shift in Abu Dhabi's approach to Tehran. The UAE possesses a highly advanced air force, fueling…

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