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The Latest Breaking News from Iran

One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz

Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to…

The Economic Times · Jul 6

Iran says MoU with US an achievement for 'Axis of Resistance' — what does it mean

Iranian parliament speaker Mohammad Bagher Ghalibaf met Mohammed Al-Nuaimi, vice chairman of the Houthi supreme political council, in Tehran on Sunday, where he portrayed the recent US-Iran memorandum as a strategic success for the alliance, according to Iranian state news agency IRNA. The meeting took place on the sidelines of…

The Times of India · Jul 6

Trump’s war means higher global interest rates for years to come

Global interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a percentage point through 2028. This shift, influenced by lingering inflation risks from the Iran conflict's energy shock and the AI race, means consumers and businesses face more expensive…

The Economic Times · Jul 6

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Iran begins a procession through Tehran for Supreme Leader Ayatollah Ali Khamenei's funeral

Iran has begun a procession through its capital, Tehran, for the funeral of the late Supreme Leader Ayatollah Ali Khamenei

The Independent UK · Jul 6

Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources say

Iran is currently in discussions with Japanese companies regarding the potential resumption of oil sales, backed by a U.S. sanctions waiver that expires on August 21. Purchasers are advocating for a longer waiver and enhanced protections for shipping, following troubling occurrences in the Strait of Hormuz. Initial conversations are taking…

The Economic Times · Jul 6

'People of Iran will never forget this gesture': Tehran thanks India for Khamenei funeral participation

In a post shared on X, the embassy said, "The Embassy of the Islamic Republic of Iran in the Republic of India extends its heartfelt gratitude and sincere appreciation to the friendly Government and people of India, especially the official delegation that attended on behalf of the Government and people…

The Economic Times · Jul 6

OPEC+ to boost crude output, but can it deliver and who will buy?

OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While Middle East exports are recovering post-conflict, they remain below pre-war levels. The market anticipates a return to oversupply, contingent on stable shipping routes and China's re-entry into the market, which…

The Economic Times · Jul 6

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Khamenei's Funeral Turns into Coded Diplomacy as Each Delegation Receives a Different Quranic Verse

Iran used Quranic verses at Ayatollah Khamenei's funeral to convey diplomatic messages to foreign delegations, sparking regional controversy over perceived alliances and rivalries.

International Business Times UK · Jul 5

Trump Says Iran 'Needs Food', Ghalibaf Fires Back Citing 40 Million Americans on Food Stamps

Iran's Parliament Speaker mocked Trump's claim that Tehran needs American food, reigniting US-Iran tensions despite recent diplomatic efforts.

International Business Times UK · Jul 5

'Death to America' Chants and Trump Killing Call at Khamenei Funeral, But New Leader Hides

Iran's funeral for slain Supreme Leader Ali Khamenei erupted with 'Death to America' chants and poet Mohammad Rasouli's demand for President Trump's death.

International Business Times UK · Jul 5

Netanyahu claims countries are secretly calling him to ‘make some deals’ after JD Vance’s rebuke of Israel

Israeli prime minister responds after month of withering criticism from Trump, Vance

The Independent UK · Jul 5

After home batteries, could the humble water heater be the next big step forward?

Fears the Iran conflict would trigger a surge in power prices have been unfounded. Why? One factor is the very rapid rollout of home and grid-scale batteries.

The Conversation · Jul 5

7 OPEC+ countries agree to expand monthly oil production modestly as prices slide

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month

The Independent UK · Jul 5

Netanyahu says some Lebanese Christian villages 'asked to be annexed' by Israel

Lebanon was drawn into the wider Middle East war on March 2 when Hezbollah fired rockets at Israel in retaliation for the killing of Iran's supreme leader in joint US-Israeli strikes. Israel responded with massive airstrikes and a ground invasion of southern Lebanon, where its troops now occupy swathes of…

The Economic Times · Jul 5

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International Business Times · Jul 5

Khamenei Funeral Puts Iran-US Talks On Hold. Hormuz, Nuclear Program Hold Key To Peace

Slain supreme leader Ayatollah Ali Khamenei funeral has put in abeyance peace talks with the US to find a resolution to the Middle East conflict. Iran is also seen as increasingly pushing back on US demands in the negotiations.

The Guardian - UK · Jul 5

Calls for killing of Trump at funeral of Iran supreme leader Ali Khamenei

New supreme leader Mojtaba Khamenei still absent from public view as his three brothers stand beside father’s coffin

France 24 · Jul 5

Iran's unseen leader remains in the shadows

The images emerging from Tehran are striking. Tens of thousands of mourners dressed in black have gathered at the Imam Khomeini Grand Mosalla for the funeral and lying in state of the late Ayatollah Ali Khamenei, following his assassination on February 28, the first day of joint US-Israeli strikes on…

Barchart · Jul 5

Tech Rotation, FOMC and Other Key Things to Watch this Week

Markets enter a week marked by continued structural shift away from AI and technology stocks toward healthcare and defensive sectors, reflecting persistent investor skepticism about technology valuations and artificial intelligence infrastructure spending sustainability.

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International Business Times · Jul 5

OPEC+ Raises Output Target For August. Smooth Sailing Seen For Oil Price Trajectory

OPEC+ has agreed to a provide a significant boost to oil output by raising targets from August aimed to further add to global oil supplies after the Middle East conflict spurred prices to as high as $120 a barrel.

Radio France Internationale · Jul 5

Three sons of Iran's slain leader Khamenei appear at funeral, not successor Mojtaba

Three sons of slain Iranian leader Ayatollah Ali Khamenei prayed beside his coffin and those of four other family members on Sunday, but Mojtaba, the son who has succeeded him as Iran's supreme leader, did not make ‌an appearance.

The Economic Times · Jul 5

US pressure led 13 countries to skip Khamenei's funeral in Iran: Reports

Iran's Tasnim news agency reports 13 nations reportedly withdrew or reduced participation in Ayatollah Ali Khamenei's funeral, citing US diplomatic pressure. Washington allegedly warned countries that attending would be an "unfriendly act," potentially impacting aid and bilateral ties.

The Times of India · Jul 5

US pressured countries to skip Khamenei funeral, at least 13 withdrew or reduced participation: Reports

The United States reportedly waged a diplomatic campaign to dissuade nations from attending the funeral of Iran's former Supreme Leader Ayatollah Ali Khamenei. Iranian media claims at least 13 countries either withdrew or reduced their delegations following US pressure, with warnings about potential cuts to development aid and implications for…

International Business Times UK · Jul 5

Where Is Mojtaba Khamenei? Three Sons of Iran's Late Ayatollah Appeared at His Funeral, but the Successor Was Missing

Iran has launched a week of highly choreographed funerals for Ayatollah Ali Khamenei, but his successor and son Mojtaba Khamenei has not appeared in public, fuelling questions about his condition.

The Guardian - UK · Jul 5

Iran seeks to tighten control over strait of Hormuz alongside Khamenei funeral

IRGC warnings force ships in strait to turn back as Tehran uses passages from Qur’an to send messages to Gulf delegations

The Independent UK · Jul 5

Calls for revenge as senior Iranian officials appear in public for supreme leader's funeral

Iran’s top officials and brothers of the country’s new supreme leader have emerged into public view to attend the funeral prayers for Ayatollah Ali Khamenei, signaling confidence in their safety as Iran pushes back on U.S. demands in negotiations to permanently end the war

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