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The Latest Breaking News from Iran

Gas price hits $4.23 - highest mark since Putin invaded Ukraine

Persistently high gas prices could spell midterm trouble for the Republicans, who ran in 2024 on their economic agenda after years of Biden-era inflation

The Independent UK

NYC mayor Zohran Mamdani says he would ask King Charles to return Kohinoor diamond to India

Mamdani raised issue of hotly disputed jewel taken by Britain during colonial rule

The Independent UK

Trump tells Merz to ‘fix your broken country’ in new rant after threatening to reduce US troop numbers in Germany

The German chancellor recently criticised Trump’s ongoing war in Iran

The Independent UK

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Trump says US may cut troops in Germany as Iran row rages

President Donald Trump said Wednesday that the United States is considering reducing the number of its troops in Germany, amid a row with German Chancellor Friedrich Merz over the Iran war.

Radio France Internationale

Even MAGA Allies Doubt Trump's Mental Health — But Pete Hegseth Calls Him 'Sharpest and Most Insightful'

During a Capitol Hill hearing, Trump's mental fitness was questioned due to his erratic social media behavior amid the ongoing Iran conflict, raising bipartisan concerns.

International Business Times UK

Move over TACO, Wall Street has a new nickname for Trump: NACHO

Trump’s new nickname indicates people are not confident he will secure a deal with Iran to open the Strait of Hormuz

The Independent UK

Mother’s Day is going to cost you more this year. Here are the areas with the biggest price hikes

Consumers are expected to spend a record $38 billion on Mother’s Day this year

The Independent UK

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Crypto Becomes Front Line In US–Iran Sanctions Battle As Wallet Freezes Tighten Digital Finance Channels

Iran's crypto ecosystem has expanded sharply under sustained economic pressure, with digital assets increasingly serving as an alternative channel for both individuals and institutions operating under sanctions constraints.

International Business Times

Trump tells Netanyahu only "surgical" Lebanon strikes as ceasefire falters

"Don't knock down buildings. It is too terrible and makes Israel look bad."

Axios

Golders Green attack claim highlights rise of shadowy Iran-linked group

HAYI has taken responsibility for a string of incidents targeting Jewish sites, but investigators say the latest claim may be opportunistic rather than state-backed

The Guardian - UK

Iran uranium stockpile could build 10 nuclear bombs UN agency warns

IN FULL

The Independent UK

Trump is done bombing Iran for now, but he’s not backing down. The Wall Street Journal just revealed what he’s preparing to do instead

The talks are stalling.

We Got This Covered

Morning Mail: voters back gas tax, Hegseth denies Iran war a ‘quagmire’ as costs soar, drug use hits record levels

Poll shows Australians support levy on exports and extending fuel excise cut; wastewater survey reveals methamphetamine use rocketing

The Guardian - AU

Stocks Settle Mixed Ahead of Megacap Tech Earnings

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.58%. June E-mini S&P futures (ESM26 ) fell -0.07%, and June E-mini Nasdaq futures...

Barchart

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International Business Times UK

Pete Hegseth Questioned Why Minesweepers Were Sent to Singapore Weeks Before Iran War

The Pentagon is under scrutiny for positioning US Navy mine-clearing ships far from the Strait of Hormuz before conflict with Iran, raising questions about strategic preparedness.

Kiplinger

Markets Are Mixed Amid Fed Uncertainty: Stock Market Today

Earnings are still solid, crude oil is still rising, and Jerome Powell is still a member of the Federal Reserve Board until further notice.

International Business Times

Pentagon Says Iran War Has Cost $25 Billion So Far, Most In Munitions

The Iran war has so far cost $25 billion, a top Defense official said on Wednesday.

The Guardian - UK

Trump and Putin discuss Iran war and float temporary Ukraine ceasefire in call

Russian president welcomed decision to extend Iran ceasefire in what US president said was a ‘very good conversation’

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Evening Standard

King would have probably helped with military strikes against Iran, says Trump

The president has repeatedly lambasted the UK for failing to join attacks on Tehran and branded Sir Keir Starmer weak and indecisive

The Independent UK

Nancy Mace eviscerates Rep. Cory Mills in Hegseth hearing before Congress: ‘Stolen valor’

Mills was in the same hearing and later addressed Mace’s allegations in his own allotted time

International Business Times UK

Trump Savaged by Wall Street Traders With Brutal New Four Letter Code to Mock His Recent Economic Retreats

Wall Street traders have coined 'NACHO' to mock Trump's handling of the Strait of Hormuz, following the 'TACO' acronym that critiqued his tariff retreats.

Barchart

Crude Prices Surge With No End in Sight to US-Iran War

June WTI crude oil (CLM26 ) on Wednesday closed up +6.95 (+6.95%), and June RBOB gasoline (RBM26 ) closed up +0.1650 (+4.81%). Crude oil and gasoline prices extended this week's sharp rally on Wednesday, with crude oil posting a 3-week high and gasoline posting a 3.75-year high. Crude prices continue...

International Business Times

Intelligence Community Reportedly Examining How Iran Would React to Trump Declaring Victory in War Despite Stalemate

U.S. intelligence agencies are examining how Iran would respond if President Donald Trump unilaterally declared victory in the two-month-old war and moved to pull back from aggressive action against Tehran, according to a new report.

The Independent UK

Trump claims King Charles ‘would probably have helped us with Iran’

US president suggests monarch would have taken a different approach from that of Sir Keir Starmer

The Independent UK

Trump gives rambling answer on whether Ukraine or Iran war will end first — and mixes up the countries

The president delivered wide-ranging rant as Artemis II crew looked on inside the White House

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