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The Latest Breaking News from Iran

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

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

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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.

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

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The Independent UK

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…

The Times of India

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.

Evening Standard

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

The Independent 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

The Guardian - UK

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%.

Evening Standard

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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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The Independent UK

Iran war quagmire threatens to leave Trump with little from China trip besides ballroom envy

ANALYSIS: The president’s visit with Xi Jinping was meant to be a moment of triumph, writes Andrew Feinberg, but it will instead present an optics nightmare amid rising prices due to his unilateral military action

The Independent UK

Trump’s thinning hair steals the show on social media: ‘The crew at Hair Team 6 should be fired’

Social media users mocked the state of president’s hair during an Oval Office event

Barchart

Stocks Settle Higher on Strong Earnings

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

The Economic Times

Is China's 'Nostradamus' right? Is a global depression and an escalation in the Strait of Hormuz looming? Here's what happened during the heated Piers Morgan debate

China's 'Nostradamus,' Professor Xueqin Jiang, warns of an impending global depression, a process he believes could span decades. He also highlighted China's unexpected diplomatic role in securing a ceasefire in the Strait of Hormuz, attributing the ongoing tensions to perceived US unreasonableness in negotiations with Iran. The situation carries potentially…

International Business Times

Trump Shocks Critics After Calling Strait of Hormuz Shutdown the 'Smartest Move in History'

Trump hails Strait of Hormuz shutdown as history's smartest move, even as petrol tops $4.52 and Iran ceasefire talks collapse, escalating rhetoric in the conflict's tenth week.

The Times of India

Iran says ready to 'teach a lesson' if attacked after Trump called Tehran's latest peace proposal 'piece of garbage'

Iran's armed forces are prepared to retaliate after President Trump rejected Tehran's ceasefire proposal, escalating regional tensions. The dispute over the Strait of Hormuz, a critical oil route, has already caused significant energy supply shocks and threatens global food security, with the UN warning of a potential humanitarian crisis.

The Conversation

7 films to help you understand Iranian women’s fight for freedom

For women in Iran, life changed dramatically after the 1979 Iranian Revolution.

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