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The Latest Breaking News from Iran

Starmer holds emergency meeting over cost of Iran war as energy bills set to 'rise by £288' in summer

Chancellor Rachel Reeves has already indicated that targeted help for poorer households could be available if bills continue to rise

Evening Standard

Full tank of diesel breaks £100 mark as Iran oil crisis deepens

Average diesel prices at UK forecourts on Tuesday were 182.8p per litre.

Evening Standard

Cost of filling typical family car with diesel breaks £100 mark as oil crisis deepens

The UK’s most expensive petrol is being sold for 199.9p per litre

The Independent UK

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Trump is flailing in Iran. Every word he says adds to the muddle

A wartime leader’s words are critically important. But Trump, contradicting himself and denying reality, is no Churchill

The Guardian - US

Tuna firm Princes signals potential price rises as Iran conflict pushes up costs

The food firm, which also makes the Napolina and Crisp ‘N’ Dry brands, said it is seeing ‘renewed inflationary pressures’.

Evening Standard

Pentagon denies report linking Hegseth’s broker to defense investment attempt before Iran war

IN FULL

The Independent UK

Eurozone inflation jumps to 2.5% amid Iran war: Will the ECB hike rates?

Consumer prices jumped at their fastest monthly pace since October 2022, driven almost entirely by the energy shock from the Iran conflict. Economists are split on whether Frankfurt will pull the trigger.

Euronews

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US average fuel price passes $4 a gallon for first time in four years amid Iran war

Stocks rally after reports suggest Trump might end the war soon, saying ‘we’re not going to be there for too much longer’

The Guardian - US

What is the ‘Gate of Tears’? Key shipping route that could be attacked by Houthis and disrupt global economy

The Bab al-Mandab strait has been a vital shipping route for Saudi Arabia since the closure of the Strait of Hormuz

The Independent UK

Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in Focus

June S&P 500 E-Mini futures (ESM26) are up +1.02%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.94% this morning as sentiment got a boost after President Trump reportedly told aides he was willing to end the U.S. military campaign against Iran.

Barchart

Food prices set to spike amid Iran war – but not for the reason you might expect

Conflict in the Gulf is having repercussions on economies across the globe

The Independent UK

Buckle up! Gas soars past $4 a gallon for first time since 2022 - and shows no signs of slowing down amid Iran war

Prices in at least two California cities have already eclipsed $6 per gallon

The Independent UK

Keir Starmer to chair Cobra meeting over costs to households from Iran war

Sir Keir Starmer is set to chair a Cobra crisis committee meeting to address the impact of the war in Iran on UK households. Average energy bills are forecast to rise by almost £300 from July, reaching £1,929, despite a temporary fall in April due to green subsidy removal. Motorists…

The Independent UK

First Thing: Kuwaiti tanker hit by Iranian drone attack in Dubai port

The attack came hours after Trump threatened to ‘obliterate’ Iran’s energy plants and oil wells unless it opened the strait of Hormuz. Plus, Israel to give death penalty to Palestinians convicted of lethal attacks

The Guardian - UK

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The Independent UK

How Trump could plunge US allies into chaos with Iran war decision

IN FULL

Tom’s Hardware

Bitcoin network has its first quarterly hashrate drop since 2020 — Iran conflict spurs Bitcoin mining operators to accelerate pivot to AI infrastructure

Bitcoin miners are pivoting to AI infrastructure amidst the conflict in Iran. The BTC network has seen its first quarterly hashrate drop in nearly six years.

Euronews

Attack on Michigan synagogue inspired by Iran-backed Hezbollah, FBI says

The FBI says the synagogue attack earlier in March was inspired by Hezbollah, targeting Michigan’s largest Jewish temple with a truck packed with fuel.

Euronews

Watch: EU governments are throwing billions at the petrol shock. Will it help?

European drivers face soaring fuel prices as the Iran war hits oil markets, prompting EU states to cut fuel taxes, cap prices and tighten regulation.

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news in one place.

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The Independent UK

Iranians warned they will be executed for filming war aftermath

IN FULL

The Independent UK

Trump threatens to leave allies facing economic chaos by ‘ending war without reopening Strait of Hormuz’

US president tells aides mission to forcibly open the strait would push the war beyond his timeline of four to six weeks

Evening Standard

Keir Starmer to chair Cobra as costs to households from Iran war become clear

Prime Minister Sir Keir Starmer will gather senior ministers and officials for talks on the economic impact of the Middle East crisis.

The Independent UK

Hegseth’s broker accused of seeking to invest millions in defense contractors before Iran war

Defense Secretary Pete Hegseth accused of attempting to profit from Operation Epic Fury as Pentagon insists claim ‘false and fabricated’

International Business Times

Trump Posts Uncensored Video of Isfahan Blasts Amid US-Israel Strike Wave [WATCH]

Donald Trump shares footage of a major military strike in Isfahan, Iran, involving US and Israel forces. Discover the impact on Iran's nuclear and defense infrastructure and the geopolitical tensions it has sparked.

International Business Times UK

Trump Faces MAGA Revolt as Marjorie Taylor Greene Slams Fox 'Fake News' Over Iran War Coverage

Trump faces backlash from MAGA allies as Marjorie Taylor Greene blasts Fox News over Iran war coverage and broken promises.

Axios

Trump pursues era of unshackled warfare

Trump famously criticized the Geneva Conventions during his 2016 campaign.

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