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The Latest Breaking News from Iran

Trump’s Iran war is costing American taxpayers $1 billion a day as the national debt spirals out of control

Should the Iran war drag on for even several more weeks, the damage to America’s fragile finances will prove substantial.

Fortune

LIV Golf CEO Scott O’Neil on how stuck golfers got out of a besieged Gulf: ‘Precise planning, excellent resources and tremendous leadership’

Several golfers were stuck in the Middle East due to the Iran war; Jon Rahm’s private jet helped get them to Hong Kong.

Fortune

Two more Iranian women footballers granted asylum in Australia before dramatic last-minute reversal

One player has changed her mind at the last minute and decided to return home

The Independent UK

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Oil steadies as IEA and G7 move to release record reserves

Oil is trading flat in expectation that the International Energy Agency could trigger the largest-ever release of oil reserves, exceeding the 182 million barrels in 2022 after Russia’s invasion of Ukraine. The G7 will also meet on Wednesday to discuss using the reserves.

Euronews

Europe Today: Iran war enters day 12 as European leaders voice frustration over lack of strategy

Tune in to Euronews' new flagship morning programme at 8 am Brussels time. In just 20 minutes, we bring you up to speed on the biggest news of the day.

Euronews

North Korea backs Iran's supreme leader Mojtaba Khamenei, slams US-Israel for 'destroying regional peace'

North Korea expressed support for Mojtaba Khamenei's appointment as Iran's new supreme leader, respecting the Iranian people's choice. Pyongyang also condemned the "illegal" US-Israeli military attack that killed the previous leader, Ali Khamenei, citing it as a threat to regional peace and security. Kim Jong Un recently oversaw a missile…

The Times of India

Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers

While some argue for destroying the terminal through which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’

The Guardian - UK

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Iran’s regional proxies hold back from all-out war with US and Israel

Observers wait to see if Yemen-based Houthis will reopen hostilities as US warships approach Red Sea chokepoint

The Guardian - UK

How high could Europe's inflation go if the Iran war continues?

Economists estimate that rising oil and gas prices could significantly lift eurozone inflation. Markets have already begun pricing in the risk of a rate hike in 2026.

Euronews

Costco Gas Prices Today: What Drivers Should Know As Crude Falls Below $90

Costco gas prices remain lower than average as crude falls below $90, keeping US drivers informed on current fuel costs.

International Business Times UK

Afternoon Update: Canavan to lead Nationals; Iranian football squad member changes mind on asylum offer; and the world’s fattest parrot

Matt Canavan wants ‘more Australian everything’ – including babies, farming and fossil fuel-powered barbecues

The Guardian - AU

US says it destroyed 16 Iranian mine-laying vessels as Tehran threatens to block oil exports

Washington says it has destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz, after Tehran threatened to not allow oil to pass through the waterway, through which a fifth of the world’s crude flows. Israel and Iran have also launched fresh attacks early on Wednesday, as the war enters…

Euronews

Ukraine-Russia war latest: Putin’s ‘buffer zone’ strategy in tatters after Kyiv reclaims swathes of territory

Ukrainian troops now control almost all of the Dnipropetrovsk region after liberating 400 square kilometres in counterattacks

The Independent UK

‘Our hearts were shaking’: Tehran residents recall night of heaviest bombing since Iran war began

Residents in Tehran have described one of the most intense nights of bombing since the start of the war between Iran, the United States and Israel, recalling how explosions shook buildings and lit up the night sky as waves of strikes hit the capital.

The Times of India

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The Independent UK

Iran keeps up pressure on oil infrastructure as concerns of global energy crisis grow

Israel and Iran are trading attacks as Iran squeezes global oil supplies by choking traffic through the Strait of Hormuz

The Independent UK

The Latest: Iran fires at Gulf states as Australia grants asylum to women on Iranian soccer team

Iran fires missiles and drones across the Gulf including oil infrastructure in Saudi Arabia and a ship off the coast of the Emirates

The Guardian - UK

Trump’s ego-trip war has collided with economic reality but he can’t undo the damage

The US president’s doctrine of lawless military adventures harms American interests and boosts Vladimir Putin, says Guardian columnist Rafael Behr

The Times of India

Confirmed, deleted, then clarified: US shifts stance on navy 'escorting' oil tanker in Strait of Hormuz

A US Energy Secretary's claim of escorting an oil tanker through the Strait of Hormuz was swiftly deleted and corrected by the White House, stating no such escort occurred. This caused market jitters, with oil prices fluctuating. Iran's Revolutionary Guards also refuted the assertion, calling it false. The Strait remains…

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The Independent UK

Lebanon's latest conflict brings rare public backlash against Hezbollah as war flares again

Israeli airstrikes in southern Lebanon are driving thousands of families to flee again, and some longtime Hezbollah supporters are now openly blaming the group

The Conversation

Help for athletes, bans for others: unpacking Australia’s complex, chaotic migration developments

The past 48 hours in Australia has showcased the dramatic complexities of the country’s migration and asylum landscape, and the power of ministerial intervention in this federal portfolio.

The Independent UK

Infantino says Trump assured him Iran are welcome at World Cup

Iran are scheduled to play three matches in the United States

The Independent UK

Iran war latest: Oil prices soar again after two Iraqi tankers struck in suspected Iranian attack

Donald Trump has said that US forces have knocked out 28 Iranian mine-laying ships in the Strait of Hormuz

The Guardian - AU

Football squad member changes mind on asylum as Iran accuses Australia of holding players ‘hostage’

Iran urges players to ‘come home’, saying they would be welcomed ‘with open arms’

The Guardian - UK

Three merchant ships struck as tensions rise in Hormuz strait amid Iran war

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vessels

The Independent UK

Deleted social media post from Trump’s energy secretary sends oil markets into frenzy: report

Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz

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