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The Latest Breaking News from Iran

US-Iran War Costs Soar Past $25 Billion for America as Global Economy Reels from Oil Shock

The ongoing U.S.-led military campaign against Iran, now in its fourth week, has already cost American taxpayers an estimated $25 billion to $30 billion in direct military expenditures, with broader global economic damage mounting from disrupted energy supplies, surging oil prices and market volatility.

International Business Times

World Oil Prices Surge to Near $113 as US-Iran Conflict Disrupts Strait of Hormuz Flows on March 23, 2026

Global oil prices climbed sharply Monday amid persistent disruptions to the Strait of Hormuz caused by the ongoing U.S.-Iran conflict, with Brent crude benchmark rising to around $113 per barrel as supply fears intensified in the fourth week of hostilities.

International Business Times

From 48-hour ultimatum to 5-day pause: Trump cites ‘productive’ US-Iran talks, halts strikes on energy infrastructure

US President Donald Trump announced a five-day pause on planned military strikes against Iran, citing "very good and productive" talks. This follows a 48-hour ultimatum to fully reopen the Strait of Hormuz. Iran stated the strait remains open to non-enemy vessels, prioritizing diplomacy but demanding an end to aggression. The…

The Times of India

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Is World War 3 Starting? 'Living Nostradamus' Predicts Terrifying 'Invisible War' and Infrastructure Collapse

Brazilian psychic Athos Salomé, known as the 'Living Nostradamus,' is stoking fears of World War 3 with unverified warnings of an 'invisible war' against Iran, fought through cyberattacks and energy disruption rather than traditional combat.

International Business Times UK

Trump calls off Iran energy site strikes after ‘productive’ talks

IN FULL

The Independent UK

Starmer says ‘every lever’ will be explored to ease rising costs of living from Iran conflict

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shock

The Guardian - UK

Trump Presidency in Peril as Inflation Forecast Shows Prices Surging Past 5%—Fuel Costs and Iran War Backlash Mount

Economic forecasts warn of US inflation surpassing 5% due to rising fuel costs linked to the Iran conflict, posing challenges for Trump's administration.

International Business Times UK

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World heading for energy crisis ‘worse than 70s oil shocks and Ukraine combined’

IN FULL

The Independent UK

Trump delays strikes on Iran’s energy infrastructure after ‘productive conversations’

It’s unclear whether any such talks actually took place — the Iranian government has not acknowledged any contact with Washington since the start of the war

The Independent UK

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

International Business Times UK

World facing worse energy shock than 1970s oil crisis and Ukraine war combined, says IEA chief

Fatih Birol says world leaders underestimating impact war in Middle East will have on energy prices

The Independent UK

The Iran war cripples Asia’s supplies of fertilizer and helium, threatening farms and chipmakers alike

Agriculture is the backbone of many ASEAN economies like Indonesia, Thailand, and Vietnam.

Fortune

UK mortgage interest rates expected to rise despite Trump’s Iran pause

Bank of England likely to make two quarter-point increases amid sustained rise in inflation, investors believe

The Guardian - UK

Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran Talks

June S&P 500 E-Mini futures (ESM26) are up +1.53%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.57% this morning, pointing to a sharply higher open on Wall Street as sentiment got a boost after U.S. President Donald Trump said the U.S. and Iran had “very good” conversations about…

Barchart

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The Mary Sue

Trump’s brutal ‘cowards’ claim rocks NATO as one major player finally crumbles under US pressure

The British government has partially reversed its stance, now allowing the United States military to use UK bases for airstrikes aimed at clearing the Strait of Hormuz of Iranian obstacles. This policy shift was announced by Prime Minister Keir Starmer’s office just hours after President Donald Trump publicly called European…

Fortune

Supermicro—accused of smuggling $2.5 billion in Nvidia chips to China—has been here before, in Iran

Yih-Shyan “Wally” Liaw was arrested on Thursday and resigned his seat on the Super Micro Computer board on Friday.

The Conversation

The Iran war has lessons to teach us about nuclear weapons – but we risk learning the wrong ones

Nuclear “non-proliferation” – preventing the spread of nuclear weapons beyond states that already have them – has been held up as the rationale for the US-Israeli war on Iran.

The Times of India

Ted Cruz says he urged Donald Trump to launch Iran strike day before war

Senator Ted Cruz admitted that he urged Donald Trump to move forward with military action against Iran just a day before the conflict began.

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The Mary Sue

Switzerland just pulled the plug on a core US military advantage and the Pentagon is scrambling to adjust

Switzerland just made a huge move that’s undoubtedly going to shake up US military operations, announcing it will no longer issue licenses for companies to export weapons to the United States. This is a pretty wild development, and it comes right alongside the Swiss government closing its airspace to US…

The Independent UK

US accuses ‘desperate’ Iran of targeting civilian sites more than 300 times

IN FULL

Evening Standard

Keir Starmer reassures Londoners: Iranian missiles fired at the capital would be shot down

The UK has a multi-layered defence system to protect against missile attacks, says No10

We Got This Covered

Oops! Iran’s long-range missiles cause Netanyahu to threaten war while Trump bolts

Evidently, Iran has been holding back thus far.

Barchart

What's the Connection Between the US War on Iran, Fuel, Fertilizer, and Food Prices? (Part 1)

Though global markets can be independent of each other, there are connections running throughout the commodity complex.

The Guardian - UK

Why Iran’s threat to destroy water facilities could spell disaster for Gulf countries

Desalination infrastructure is crucial in arid region with very little rainfall and few rivers or lakes

We Got This Covered

‘We’ve been torn apart’: U.S. sends a Navy airman to Iran while deporting her father on the same day

Jessica Martinez is currently serving aboard the USS Abraham Lincoln.

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