The Latest Breaking News from Iran

USAF wants to replace $30 million MQ-9 Reaper drones with cheaper UAVs after "dozens" were lost in Iran, costing taxpayers billions

The Pentagon seeks a cheaper long-range drone after costly MQ-9 losses raised concerns about future battlefield sustainability and affordability.

TechRadar · Jul 15

Lebanon deal risks renewed endless conflict

Late last month, Lebanon and Israel signed a framework agreement with the United States that Lebanon's chief negotiator, Nada Hamadeh Moawad, described as a "first step on the road to restoring Lebanese sovereignty and territorial integrity." But, as the agreement implicitly acknowledges, Israel is not the only threat to Lebanon's…

Bangkok Post · Jul 15

Watch: US disables oil tanker heading to Iran as naval blockade intensifies

United States forces disabled an oil tanker attempting to reach Iran's Kharg Island port. This action occurred during the initial enforcement period of a reinstated naval blockade. The vessel ignored multiple warnings and attempted to violate the US blockade. US forces also launched strikes against Iranian military capabilities in the…

The Times of India · Jul 15

Dems split on Massie effort to zero out Israel security aid

The House Wednesday shot down an amendment to a State Department spending bill that would have blocked billions in U.S. military aid to Israel, but a substantial number of Democrats voted to cut off Israeli Prime Minister Benjamin Netanyahu’s war machine. The chamber defeated Kentucky Republican Rep. Thomas Massie’s amendment,…

Roll Call · Jul 15

Family Reveals British Couple in Iran Face Fresh Ordeal as Husband's Jail Sentence Is Extended

The family of British couple Craig and Lindsay Foreman say his prison term in Iran has been quietly extended by two years for speaking to the media, as both grow dangerously weak on hunger strike in Evin prison.

International Business Times UK · Jul 15

US carries out daytime attack against Iran in latest escalation

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The Independent UK · Jul 15

Iran War Hormuz Toll Could Trigger $136bn Global Chokepoint Scramble, Analysts Warn

Iran's tolls on the Strait of Hormuz could set a precedent for other nations, potentially reshaping global trade costs and impacting consumer prices worldwide.

International Business Times UK · Jul 15

Dollar Falls with Bond Yields on Favorable US Producer Prices

The dollar index (DXY00 ) fell to a 3.5-week low on Wednesday and finished down by -0.46% today. The dollar retreated on Wednesday with T-note yields after US June producer prices rose less than expected, a dovish factor for Fed policy. Also, the benign CPI report has reduced the chances...

Barchart · Jul 15

Crude Oil Prices Move Higher on the Prospects of Tighter Global Supplies

August WTI crude oil (CLQ26 ) on Wednesday closed up +0.26 (+0.33%), and August RBOB gasoline (RBQ26 ) closed up +0.0736 (+2.28%). Crude oil and gasoline prices settled higher on Wednesday, with gasoline up sharply at a 7-week high. Crude prices found support after the US launched airstrikes against Iran...

Barchart · Jul 15

US launches ‘wave of strikes’ on Iran, Tehran threatens to halt regional energy exports

The US military on Wednesday launched rare daytime attacks on Iran, including a 90-minute wave of strikes, as it reimposed a naval blockade on Iranian ports. Tehran responded with strikes on “US military targets” in Gulf states and threatened to halt energy exports in the region.

France 24 · Jul 15