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The Latest Breaking News from Iran

Gold rises with US–China talks, MidEast conflict in focus

Gold prices climbed as investors awaited crucial meetings between U.S. President Trump and Chinese President Xi Jinping, while also monitoring the fragile ceasefire negotiations with Iran. Market participants are also anticipating U.S. CPI data to gauge the Federal Reserve's future interest rate decisions.

The Economic Times

Trump's China visit: US President eyes 'great things' for both countries — what's on agenda

US President Trump expressed optimism for his upcoming visit to China and meeting with President Xi Jinping, anticipating positive outcomes for both nations. Accompanied by prominent business leaders, Trump aims to discuss trade, Iran, tariffs, and AI, seeking to strengthen US economic and national security interests.

The Times of India

Frustrated Trump learns he doesn't have the cards on Iran

President Trump faces challenges with Iran. His approach has not yielded desired results. The conflict has impacted global oil prices. Americans are concerned about rising costs. Trump's upcoming trip to China occurs during this difficult period. Experts suggest his leverage is diminished. The situation highlights the complexities of international relations…

The Economic Times

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UAE secretly carrying out attacks on Iran including one targeting oil refinery on Lavan Island: Report

The United Arab Emirates has reportedly conducted military strikes against Iran. These actions, not publicly confirmed by the UAE, allegedly targeted a refinery on Lavan Island in early April. The Wall Street Journal cited sources familiar with the matter. Reuters has not yet verified these claims. The situation remains under…

The Economic Times

Bears tighten grip on D-Street as GIFT Nifty points to weak opening

Indian equities saw a nearly 1.5% decline on Monday, mirroring weak global sentiment following the US-Iran peace talks failure. Analysts anticipate continued caution due to escalating geopolitical tensions, with stock and sector-specific movements expected alongside the Q4FY26 earnings season's final phase. The India VIX surged, indicating increased market nervousness.

The Economic Times

U.S Stock Market on Tuesday: S&P 500, Dow Jones, Nasdaq for record trading? These factors will decide

U.S. Stock market investors would hope that S&P 500, Dow Jones, Nasdaq will continue record run.

The Economic Times

Global Market Today: Asian stocks advance, oil gains on Iran deadlock

Asian stocks advanced, buoyed by continued optimism in the AI sector, even as US-Iran peace talks faltered. Oil prices climbed, with West Texas Intermediate holding above $98 a barrel. Higher oil prices contributed to rising Treasury yields, as investors priced out Fed rate cuts this year.

The Economic Times

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US releases another wave of emergency oil as gas prices bite

The US has awarded 53.3 million barrels from its Strategic Petroleum Reserve to firms including Trafigura, Marathon Petroleum and Exxon Mobil as part of efforts to cool oil and fuel prices amid the Iran war. Trafigura received the largest share of nearly 13 million barrels. The oil will be released…

The Economic Times

Trump news at a glance: president says he ‘didn’t even finish reading’ Iran’s peace proposals

Ceasefire on ‘life support’, Trump says as he considers restarting US navy military escorts of ships through the strait of Hormuz – key US politics stories from 11 May 2026 at a glance

The Guardian - US

Oil prices rise as fragile US-Iran talks sustain supply worries

Oil prices edged up in early Asian trade as fragile U.S.-Iran negotiations highlighted supply concerns, with Tehran's response revealing significant differences. Disruptions through the Strait of Hormuz and OPEC's reduced output further fueled price stability above $100, while U.S. SPR loans and sanctions on Iranian oil shipments aimed to temper…

The Economic Times

Mass starvation looms if fertilisers can’t pass key waterway, UN warns – as it happened

This blog is now closed

The Guardian - AU

US issues new sanctions over Iran's oil shipments to China

The U.S. has imposed sanctions on three individuals and nine companies, including entities in Hong Kong and the UAE, for facilitating Iran's oil shipments to China. This move aims to disrupt funding for Iran's Islamic Revolutionary Guard Corps and its weapons programs. The sanctions follow previous actions and precede a…

The Economic Times

Trump says he supports suspending US gas tax after prices remain high

President Trump supports suspending the federal gasoline tax amid surging prices driven by the Iran war, a move requiring congressional approval. Senator Hawley is introducing legislation for a 90-day suspension of both gas and diesel taxes. While some Democrats previously proposed a similar waiver, Senate leadership remains noncommittal, emphasizing reopening…

The Economic Times

Australia sanctions Iran officials over 'brutal' regime

Australia is slapping further financial sanctions and travel bans on Iranian officials who directed the oppression of women by enforcing strict dress codes.

AAP

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The Independent UK

Arcade game satirizing Trump’s Iran war appears on National Mall

IN FULL

The Times of India

Despite mediating in US-Iran war, Pakistan allowed Iranian aircraft use its airbases to avoid American strikes: Report

Pakistan reportedly sheltered Iranian military aircraft at its airbases, raising questions about its neutrality as a mediator in the US-Iran conflict. US officials cited in a CBS News report claim Iran moved planes, including a reconnaissance jet, to Pakistan's Nur Khan Air Base. A Pakistani official denied these allegations, calling…

Evening Standard

Transatlantic talks on Strait of Hormuz ahead of summit on defensive mission

The UK has issued 12 new sanctions targeting Iranians accused of planning attacks in Britain on behalf of Tehran.

The Independent UK

Private jet travel should be restricted amid fuel shortage fears, majority of Brits say

It comes as global fuel supplies continue to be squeezed by Iran’s stranglehold on tankers passing through the Strait of Hormuz amid its conflict with the US and Israel

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The Guardian - UK

The big questions hanging over the Trump-Xi meeting in China

Taiwan, tariffs and the strait of Hormuz are on the meeting’s agenda for Beijing – but will the US president be forced to ask for help in ending his war with Iran?

The Guardian - UK

UK households cut back spending at fastest rate in 16 months, Barclays says

Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war fallout

Evening Standard

Households to slam brakes on spending as Iran war sends cost surging, warns EY

EY’s economic outlook shows UK consumer spending growth will grind almost to a halt, at a predicted 0.3% for 2026, as inflation set to rise to 4%.

The Independent UK

US sub that can launch nuclear missiles announces location in rare reveal as Iran war drags on

A Navy ballistic missile submarine arrived in Gibraltar, a British territory off the coast of Spain, on Sunday

Reason

Gavin Newsom's Free Diaper Disaster

Plus: AOC attacks billionaires, Trump heads into Xi talks weakened by the Iran conflict, and redistricting battles escalate nationwide

The Economic Times

S&P 500, Nasdaq hit record highs and Dow Jones rises despite soaring oil prices and Trump warning Iran's ceasefire is 'on life support' - here's how US stock market performed on May 11

S&P 500, Nasdaq, Dow Jones today: The S&P 500 and Nasdaq Composite, closed at record highs Monday, driven by continued investment in technology and AI stocks. Despite rising oil prices due to US-Iran tensions and President Trump's rejection of Iran's proposal, markets largely shrugged off geopolitical concerns, focusing instead on…

The Independent UK

Midwest is bearing the brunt of gas price hikes from Trump’s Iran war including 72% jump in Ohio

The national average for a gallon of regular gas was $4.52 Monday, up from the $2.98 average in late February before Iran conflict began

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