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The Latest Breaking News from Iran

'We’ll knock them out harder': Trump warns Iran of harsher military action after 3 US ships came under fire in Hormuz

President Donald Trump claimed three US destroyers were fired upon in the Strait of Hormuz but suffered no damage, stating Iranian attackers were destroyed. He issued a strong warning to Iran, threatening more violent military action if a deal is not signed quickly, calling the nation 'lunatics'.

The Times of India

Retired New York Cardinal Timothy Dolan calls Trump’s remarks about Pope Leo ‘very unfortunate’

Secretary of State Marco Rubio visited the Vatican on Thursday, as the Iran war continues to create a rift between the Trump administration and the pope

The Independent UK

Trump threatens Iran with more violent response without peace deal

IN FULL

The Independent UK

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US-Iran ceasefire under threat after exchange of strikes in strait of Hormuz

Donald Trump says ceasefire remains in place despite strikes, with Iranian TV saying situation is ‘back to normal’

The Guardian - AU

The Latest: US military says it intercepted Iranian attacks on 3 Navy ships in Strait of Hormuz

The U_S_ military said Thursday that it intercepted Iranian attacks on three Navy ships in the Strait of Hormuz and “targeted Iranian military facilities responsible for attacking U_S_ forces.”

The Independent UK

Cotton Pulls Back on Thursday

Cotton futures closed the Thursday session with contracts down 22 to 110 points. The US dollar index was $0.275 higher at $98.150. Despite early talk of easing tensions this week, crude oil finished the day with $2.52 gains as reports of explosions were noted in Iran late in the day....

Barchart

Trump upends Democrats' strategy on Iran war powers

"Who knows how many times Trump could change his position between now and then?" one lawmaker said.

Axios

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Iran and U.S. exchange fire in Strait of Hormuz

Iran declared the U.S. strikes a ceasefire violation.

Axios

US and Iran exchange fire in Strait of Hormuz, Trump says ceasefire holds

The US military said it struck Iranian targets in self-defence but that it does not seek escalation. Iran said it launched missiles at "enemy" forces in the waterway after a claimed US attack on an oil tanker, and reported shooting down several drones.

Euronews

Marco Rubio And Pope Leo XIV Agree On The Need To 'Work Tirelessly In Favor Of Peace'

Secretary of State Marco Rubio met Pope Leo XIV at the Vatican on Thursday in a visit that placed one of the Trump administration's most visible Catholic officials face-to-face with the first American pope after the President openly criticized the pontiff.

International Business Times

Stocks Fall on Doubts About an Imminent US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.12%. June E-mini S&P futures (ESM26 ) fell -0.42%, and June E-mini Nasdaq futures...

Barchart

Hoping a possible peace deal will quickly bring down gas prices? It might take up to a year

Trump’s war in Iran has seen average gas prices rocket from $3 before the conflict to $4.54 per gallon

The Independent UK

Iran wants oil tariffs paid in Chinese yuan – is the power of the US petrodollar in decline?

After weeks of blockades by Iran and the United States in the Strait of Hormuz, it’s clear the narrow waterway is now pivotal to the outcome of the conflict.

The Conversation

US stocks today: US market ends lower as semiconductor stocks reverse earlier gains

The S&P 500 closed lower as chip stocks like Intel and Arm Holdings retreated, while U.S.-Iran peace talk uncertainty impacted the broader market. Despite a strong quarter driven by AI and tech rallies, concerns over chip supply and geopolitical tensions tempered investor sentiment. Oil prices edged down, though Nvidia and…

The Economic Times

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International Business Times

Polish President Says The Country Could Host The Troops The U.S. Pulled From Germany

Polish President Karol Nawrocki vowed to lobby U.S. counterpart Donald Trump to get the country to host the troops Washington pulled from Germany.

The Independent UK

The Pope gave Marco Rubio an olive branch as a gift. But could only say ‘Wow OK’ when he saw what the US brought him

The summit comes as relations between the White House and the Vatican remain at a historic lowpoint

The Mary Sue

Trump pauses ‘Project Freedom’ in the Strait of Hormuz but warns Iran the bombing will restart ‘at a much higher level’ if talks collapse

Project Freedom – the U.S. mission to guide commercial ships through the Strait of Hormuz – has been paused, but the warning from Donald Trump is clear: if negotiations with Iran collapse, the bombing will resume “at a much higher level.” The pause was announced on May 6, 2026, as…

Barchart

Dollar Recovers Early Losses as Stocks Retreat

The dollar index (DXY00 ) on Thursday rose by +0.14%. The dollar recovered from early losses on Thursday and moved higher after stocks gave up early gains and turned lower, boosting liquidity demand for the dollar. The dollar also found support on Thursday’s dollar-friendly news on weekly jobless claims, Q1...

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Latin Times

Bill O'Reilly is Latest Conservative Figure to Cite 'Anger' in Trump Base Over Iran: 'Got to Move it or Midterms Are Lost'

"The growing anger in the United States," O'Reilly said, combined with "$5 a gallon" gasoline prices could have electoral consequences for Republicans

Barchart

Crude Oil Recovers as US May Restart Operations to Reopen the Strait of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26 ) closed down -0.0033 (-0.10%). Crude oil and gasoline prices closed lower on Thursday on optimism that a US-Iran peace deal is imminent. The markets await further updates after the US presented a...

International Business Times

U.S. Allies Reopen Their Airspace To Its Forces After Reported Backlash

Two Gulf countries reopened their airspace to U.S. forces after closing it earlier this week, according to a new report.

Barchart

WHR Stock Alert: Whirlpool Sinks as CEO Warns of 'Recession-Level Industry Decline' Due to Iran War

Whirlpool stock sinks on disastrous Q1 earnings and bleak CEO remarks. Here’s why WHR shares aren’t worth buying on the post-earnings dip.

The Independent UK

DOJ probing suspicious multi-million dollar bets related to Iran war

IN FULL

The Independent UK

Oil prices continue to fall as optimism around Iran deal grows

Financial markets are buoyed by Iran's announcement that it is reviewing the latest U.S. proposals

International Business Times

DOJ Investigates $2.6 Billion In Oil Trades Linked to Iran Conflict Timing: Report

The Department of Justice and the Commodity Futures Trading Commission are reviewing whether the timing of the trades reflects unusual market behavior or potential misuse of nonpublic information.

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