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The Latest Breaking News from Iran

Shell profits soar amid surging oil prices because of Iran war

The oil giant reported a 24% rise in underlying earnings to 6.92 billion US dollars (£5.09 billion).

Evening Standard

Climate campaigners attack Shell over ‘windfall’ profits from Iran war

Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

The Guardian - UK

Iran Two Weeks Away': Trump Sparks Outrage By Discussing War Threats In Front Of Kids

President Trump sparked controversy by discussing Iran's nuclear threat with schoolchildren, claiming Iran was close to developing a nuclear weapon. The remarks drew criticism for being inappropriate

International Business Times UK

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Oil drops below $100 while markets rise as US and Iran near a deal

Brent crude has fallen below $100 a barrel while Asian markets reached new all-time highs and European stocks rose at the open on reports that the US and Iran are nearing a deal for the gradual reopening of the Strait of Hormuz.

Euronews

Seth R Freeman on why global markets continue to climb amid West Asia conflict

Global markets are ignoring geopolitical tensions, focusing instead on robust corporate earnings and the excitement around artificial intelligence. Investor sentiment is positive on Wall Street and in parts of Asia. Strong financial sector performance and gains in technology companies are driving this optimism. This trend suggests a market prioritizing growth…

The Economic Times

Oil prices fall towards $100 as Trump suggests Strait of Hormuz could be ‘open to all’

IN FULL

The Independent UK

It’s time for mass non-violent protests against Israel, says Palestinian ambassador to UK

WORLD OF TROUBLE: Husam Zomlot, Palestine’s new ambassador to London, talks of his childhood in Gaza and calls for mass non-violent protests and South African-style sanctions against Israel with Sam Kiley in the World of Trouble podcast

The Independent UK

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Oil prices fall sharply towards $100 on hopes of Iran deal

Iranian foreign ministry spokesperson says US proposal is still being considered

The Independent UK

Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR says

The Guardian - UK

Silver rockets Rs 4,000/kg, Gold near Rs 1.53 lakh/10g as Iran war peace talk optimism sparks rally. What’s next for investors?

Gold and silver prices rose on MCX on Thursday, aided by a weaker dollar and optimism over a potential US-Iran peace deal. Iran said it is reviewing a US proposal to end the conflict, though key issues around its nuclear programme and the Strait of Hormuz remain unresolved.

The Economic Times

Iran reviewing US proposal on deal to end war as Trump ramps up pressure

A fragile ceasefire between the US and Iran has largely held since 8 April but in-person talks between the two countries hosted by Pakistan last month failed to reach an agreement.

Euronews

‘Families fight’: Pope Leo’s older brother tells CNN how the siblings remain close amid fresh attacks from Trump

Pope Leo and his brothers, John and ‘MAGA-type’ Louis, talk at least once a week, despite how they may differ in political views

The Independent UK

US fires on Iranian oil tanker amid talks

Iran war news: America fired on an Iranian oil tanker in the Gulf of Oman. President Trump is pressuring Tehran for a deal to end the war. Israel also struck Beirut's southern suburbs. The conflict has disrupted oil and gas shipments. Iran is reviewing American proposals for a potential agreement.…

The Economic Times

Iran-US war latest: Trump threatens to knock out Tehran ‘more violently’ if peace deal not signed following attacks in Strait of Hormuz

Trump claims ceasefire still in effect after Iran ‘trifled with us'

The Independent UK

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The Times of India

'Flawed, politically motivated': Iran slams US-backed UNSC resolution on Hormuz crisis

Iran has criticized a US-backed UN Security Council draft resolution as politically motivated, stating it won't resolve the West Asian crisis. Tehran argues the only solution is ending the US naval blockade and restoring normal passage in the Strait of Hormuz, urging member states to reject the proposal.

The Independent UK

Southeast Asian leaders will reaffirm core values in veiled Mideast war rebuke

Southeast Asian leaders plan to issue a contingency plan that upholds international law, sovereignty and freedom of navigation in what could be seen as a veiled rebuke to the United States, Israel and Iran over the Middle East war which has impacted their region, according to a draft declaration seen…

AAP

Miners lead Aussie shares higher on peace hopes

Hopes of de-escalating tensions between the US and Iran have lifted investor sentiment, boosting mining stocks as energy and utilities tumble.

The Economic Times

Oil Price Today (May 7): Crude oil reclaims $100, snaps two-day losing streak. Here’s why

Oil prices rebounded on Thursday, recovering from a significant prior fall as investors assessed mixed signals regarding Iran-U.S. relations. While reports suggested a potential agreement to end the conflict, President Trump issued a stark warning of intensified bombing if Iran rejects a peace deal, highlighting the precarious state of negotiations.

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The Economic Times

US sows confusion amid Hormuz efforts

The Trump administration's approach to the Iran war has been marked by conflicting statements. Initially, a ceasefire was declared, followed by threats of bombing. The U.S. military protected ships in the Strait of Hormuz. However, the strategy shifted, with the president pausing operations to seek a deal. This inconsistent messaging…

The Economic Times

Gold steady as markets focus on potential US-Iran peace deal

Gold prices held steady near a one-week high as investors awaited clarity on a potential U.S.-Iran peace deal. While stocks and oil dipped on hopes of an agreement, market participants are now focused on the upcoming U.S. employment report for clues on the Federal Reserve's next move. Fed officials expressed…

The Independent UK

Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100

Asian shares are sharply higher and the price of crude oil was holding above $100 a barrel as investors bet on hopes the U.S. and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again

The Guardian - US

Trump news at a glance: US fires on Iranian-flagged tanker as president fires off post threatening more bombing

Trump warned Tehran to agree to deal or face attacks ‘at a much higher level and intensity’ than before – key US politics stories from 6 May 2026 at a glance

The Independent UK

Think tank calls for lower speed limits and energy caps to offset Iran war fallout

IN FULL

The Independent UK

DHS says it may have an alleged motive for the attack during the White House Correspondents’ Dinner

Shooting suspect Cole Thomas Allen allegedly criticized the Iran war before the attack on the Correspondents’ Dinner

International Business Times UK

'Tell The Truth!': Pope Leo XIV Rejects Donald Trump's Claim He Supports Nuclear Iran

Pope Leo XIV has rejected Donald Trump's claim that he is 'endangering Catholics' by backing a nuclear‑armed Iran, insisting the Church has always opposed nuclear weapons, as US Secretary of State Marco Rubio arrives in Rome for tense Vatican talks on Iran and US policy.

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