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The Latest Breaking News from Iran

Maersk CEO sees passing higher oil shock costs to customers

A.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to customers. Maersk expects to maintain its financial forecasts for 2026.

The Economic Times

Sudan was already at war and hungry. Now its farmers are hit by another conflict

Sudan and its farmers were already struggling after three years of war at home, but now the conflict in the Middle East has disrupted supply chains

The Independent UK

Gold vs oil: Which offers better protection from rising prices during the Iran war?

Conventional wisdom holds that gold protects investors during war and inflation. The Iran conflict has turned that assumption on its head. Since the outbreak of the war, Brent crude has rallied 37%, while gold has fallen 10%. The driving force is interest rates, not geopolitics.

Euronews

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Oil tanker arrives in South Korea after passing through the Strait of Hormuz in mid-April

A South Korean refinery says a tanker carrying 1 million barrels of crude oil arrived off South Korea’s west coast after passing through the Strait of Hormuz in mid-April

The Independent UK

Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran

Asian stocks have retreated and oil prices climbed as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities

The Independent UK

Oil prices rise as US and Iran exchange fire in Strait of Hormuz

Asian stocks head for stellar weekly gains despite pulling back slightly on Friday

The Independent UK

Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war

Southeast Asian leaders are meeting under pressure to mitigate the impact on their people and economies of the Iran war, which one top minister says, “should not have occurred in the first place.”

The Independent UK

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US lifts hold on immigration applications for doctors, but leaves others waiting

U.S. immigration officials have quietly lifted a hold on green card and visa applications for doctors from three dozen countries

The Independent UK

Silver gains Rs 2,361, gold near Rs 1.53 lakh amid hopes of Iran peace talks. What should investors do?

Gold and silver prices rose on MCX amid easing inflation concerns and optimism over a potential U.S.-Iran agreement. Silver gained Rs 2,361, while gold approached Rs 1.53 lakh. Analysts expect continued volatility driven by global cues, with key support and resistance levels guiding near-term trading strategies.

The Economic Times

Trump brands Iran leaders ‘lunatics’ after attacks on US warships in Strait of Hormuz

IN FULL

The Independent UK

‘How good a president is Trump?’ Commander-in-Chief polls workers in site visit to Lincoln Memorial reflecting pool rehab

Trump asked the workers on site if they think Iran should have a nuclear weapon

The Independent UK

UAE says countering Iranian air attack

US-Iran war news: UAE air defences are actively responding to a missile and drone assault. Earlier, US forces intercepted Iranian attacks targeting three Navy ships. The US military also struck Iranian facilities responsible for these assaults. No ships were hit. This incident challenges the fragile ceasefire between the US and…

The Economic Times

From stalemate to strikes: A dizzying week of US-Iran negotiations over the strait of Hormuz

Seven days ago, the US-Iran ceasefire was holding but negotiations seemed stalled, or inching forward at best. Then, Donald Trump and the US launched Project Freedom

The Guardian - AU

Iran-US war latest: Tehran slams Trump’s ‘reckless military adventure’ with ceasefire on the brink after attacks on UAE

Trump warns Iran will be hit ‘more violently' in the future, if they don’t get the deal signed

The Independent UK

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AAP

Shares drop, oil rebounds as US and Iran exchange fire

Hopes of a deal to end the blockade of a key oil and gas transport route are hanging by a thread, following reports the US and Iran exchanged fire overnight.

The Economic Times

US-EU 'united' on Iran not possessing nukes

US-Iran war news: US President Donald Trump and European Commission President Ursula von der Leyen held a call. They agreed Iran must never possess a nuclear weapon. The leaders also discussed trade relations. Both sides are committed to implementing the EU-US trade deal. Progress is being made towards tariff reduction.

The Economic Times

Oil Price Today (May 8): Crude oil snaps three-day losing streak as Iran-US clashes stoke Hormuz fears. What are experts saying?

Oil prices surged over 1% as renewed U.S.-Iran clashes raised concerns about the Strait of Hormuz's stability, disrupting hopes for its reopening. Iran accused the U.S. of breaching a ceasefire, while Washington cited retaliation for Iranian forces firing on its vessels. Despite recent losses, the conflict's escalation could significantly impact…

The Times of India

US, Iran weigh 30-day ceasefire plan, reopening Strait of Hormuz; n-talks still in limbo

Iran and the US are reportedly in talks for a temporary truce, aiming to reopen the Strait of Hormuz and pave the way for broader nuclear negotiations. A 30-day pause in hostilities is proposed, with discussions focusing on lifting shipping blockades and ending military actions. More complex issues like sanctions…

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The Economic Times

Dollar firms as US-Iran hostilities flare, yen steadied by intervention risk

Global markets saw the dollar strengthen on Friday due to renewed US-Iran hostilities. Oil prices surged, increasing risk aversion. The Japanese yen remained stable as Tokyo issued verbal warnings against sharp declines. Investors are now focused on the upcoming US non-farm payrolls report. Sterling faced its first weekly loss since…

The Economic Times

Oil prices jump on renewed US-Iran hostilities

Oil prices surged Friday amid renewed U.S.-Iran clashes, jeopardizing a fragile ceasefire and dimming hopes for reopening the vital Strait of Hormuz. Brent crude and WTI futures climbed significantly, reversing earlier declines. This escalation follows Iran's accusations of U.S. violations and U.S. claims of retaliatory strikes, despite President Trump stating…

The Guardian - US

Trump news at a glance: US and Iran exchange fire, which president calls ‘love tap’

Skirmishes threw into question the viability of shaky ceasefire that had largely held for previous month – key US politics stories from 7 May at a glance

The Economic Times

Iran forms agency to control Hormuz shipping

Iran has formed a new government agency to control passage through the Strait of Hormuz. This move raises concerns for international shipping. Meanwhile, peace talks continue between Iran and the U.S. mediated by Pakistan. Both sides are reviewing proposals. Hopes for an end to the conflict are growing, impacting global…

The Independent UK

Trump claims doubled gas prices are ‘way down’ as his transport chief tells Americans to take road trips

Sean Duffy boasted that oil prices had dipped below $100 a barrel after Trump’s war in Iran caused the cost of gas to more than double

The Economic Times

Global Market Today: Asian stocks drop, oil climbs on Iran tensions

Asian stocks retreated from record highs as Middle East tensions escalated, impacting crude oil prices and reviving concerns over energy supplies. US forces responded to Iranian attacks in the Strait of Hormuz, while President Trump issued a stern warning. Despite volatility, investors remain focused on de-escalation efforts and the AI…

Evening Standard

Trump brands Iran’s leaders ‘lunatics’ after attacks on US warships in strait

The president warns Tehran the US will ‘knock them out a lot harder’ if they do not sign a deal to end the war ‘fast’

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