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The Latest Breaking News from Iran

Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

AAP

Trump claims Iran collapse while Teheran sees leverage as Hormuz stand-off tightens

TOI correspondent from Washington: US President Donald Trump on Tuesday claimed that Iran is “in a state of collapse” and is urgently pleading with Washington to reopen the Strait of Hormuz, projecting an image of a weakened adversary desperately seeking relief. But developments on the ground suggest a far more…

The Times of India

Activists call out 'horrifying' soaring oil and gas profits as energy companies cash in on the Iran war

As drivers sour on rising fuel prices, energy firms are making a killing.

Fortune

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read the most diverse news in one place.

Met investigating suspected arson attack on north London memorial wall

Scotland Yard says incident in Golders Green at tribute to protesters killed in Iran is not being treated as terrorism

The Guardian - UK

Why the Real Story Behind the UAE’s OPEC Exit is Petrodollar Diplomacy

With Emirati energy infrastructure taking hits from the Iran war, Treasury Secretary Bessent tries to stave off the ‘petroyuan’ era.

Barchart

German chancellor says the U.S. 'is being humiliated by the Iranian leadership' as allies go public with discontent

Thailand’s foreign minister told The Washington Post the country is looking to Russia and China as the country grapples with an energy shock from the Iran war.

Fortune

Hezbollah drone strikes target Israeli soldiers in southern Lebanon

Ceasefire frays further as Israel also carries out airstrikes and issues new displacement orders for south Lebanon

The Guardian - UK

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OPEC Suffers Stunning Blow as UAE Abandons Oil Cartel Following Strategic Pivot Toward Independent Production

The United Arab Emirates' exit from OPEC sparks claims of 'the beginning of the end' for the group, unfolding amid Iran War–driven turmoil and uncertainty in the global oil industry.

International Business Times UK

Bulletin world briefing: Trump claims Iran is in ‘state of collapse’ and Athens police hunt for gunman

Here are five of the biggest stories from around the world today

The Independent UK

Iran World Cup 2026 warm-up friendlies cancelled as fresh doubt cast on tournament appearance

World Cup 2026 preparations continue but the participation of Iran is up in the air

FourFourTwo

US has 'no closer friends than the British,' Trump tells King Charles III at White House ceremony

Trump’s up-and-down relationship with UK Prime Minister Keir Starmer has taken a particularly sour turn over the past several months as the president has sought to rally international support for the Iran war.

Euronews

King Charles and Trump toast ties despite Iran tensions

Britain's King Charles and Donald Trump hailed their countries' longstanding ties at a White House state dinner Tuesday – despite the US president claiming the monarch agreed with him on Iran's nuclear weapons.

Radio France Internationale

Ryanair CEO Says European Airlines Will Fail If Jet Fuel Prices Remain Sky-High This Summer

Ryanair CEO Michael O'Leary said European airlines will fail if the price of jet fuel remains at current levels.

International Business Times

Crude Prices Strengthen as Global Oil Supplies Tighten with Strait of Hormuz Closed

June WTI crude oil (CLM26 ) today is up +3.13 (+3.25%), and June RBOB gasoline (RBM26 ) is up +0.0241 (+0.72%). Crude oil and gasoline prices are sharply higher for a second day today, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices continue...

Barchart

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Euronews

Qatar warns Iran it will not be used as 'political punching bag'

Qatar warned Iran on Tuesday it will not be used as a “political punching bag,” calling for a "comprehensive deal" that would secure the Gulf. In response to Euronews, Qatar's foreign ministry spokesman said "we applaud our partners in Europe for taking the lead" in the Strait of Hormuz crisis.

The Independent UK

Queen Elizabeth’s former protection officer says US royal visit should have been cancelled

Queen Elizabeth II’s former protection officer has questioned whether King Charles's US state visit should have gone ahead in light of the Iran-US war.

International Business Times

Low-Fare Airlines Seek Federal Bailout As Iran War Spikes Jet Fuel Prices: Report

Low-fare airlines are being hit hard by jet fuel prices driven higher by the Iran war. They are now seeking a government bailout.

The Times of India

US vs Iran nuclear standoff enters cold war phase - is a bigger war coming?

The Iran conflict has entered a Cold War-like phase with financial sanctions and naval interdictions, leading to a tense stalemate. Higher energy prices are expected to persist, while the risk of escalation remains. President Trump is reportedly weighing new strikes against intensifying sanctions, aiming to force Iran into nuclear program…

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The Independent UK

Iran’s in ‘state of collapse’ and wants US to open Strait of Hormuz asap, Trump says

IN FULL

The Independent UK

US consumer confidence inches higher in the face of soaring gasoline prices

U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran

The Independent UK

UAE to leave Opec group of oil producers after six decades amid ‘volatility’ from Middle East energy shock

UAE’s withdrawal will leave the oil group with 11 member countries, including Saudi Arabia, Iran, and Iraq

Evening Standard

UAE to leave Opec group of oil producers amid Middle East energy shock

The UAE joined Opec in 1967, and its departure will leave the oil cartel with 11 member countries including Saudi Arabia, Iran and Iraq.

Fortune

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.

International Business Times UK

Keir Starmer Warns Holiday Plans And Shopping Habits May Change Amid Iran Crisis

Keir Starmer warns that the Iran crisis could impact UK households, affecting summer holidays and supermarket spending. He emphasizes the need for caution as the situation evolves.

Axios

Trump claims Iran told U.S. it wants Strait of Hormuz open ASAP

Tehran hasn't confirmed the message.

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