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The Latest Breaking News from Iran

One of the lawmakers in ‘illegal orders’ video introduces bill to limit Pentagon’s use of AI

The bill comes as the military has heavily used AI in the war with Iran and sparred with a top AI lab over ethics provisions

The Independent UK

Donald Trump called Germany to help in Iran war — and their reaction might be the most polite snub he’s ever received

German Chancellor Friedrich Merz directly denied President Donald Trump aid in the reopening of the Strait of Hormuz. But a week ago, Germany allowed the United States to use the Ramstein Air Base for the Iran war.

The Mary Sue

Qatar gas hub hit by missile, fire erupts at key LNG facility: Ras Laffan attack shakes global energy markets amid Iran vs US-Israel war

A missile attack on Qatar's vital gas facility, a shared energy lifeline with Iran, has triggered a fire and damage, escalating the ongoing Iran vs US–Israel war. This strike targets critical global energy infrastructure, raising fears of widespread supply disruptions and economic instability. The incident marks a dangerous shift towards…

The Times of India

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Jerome Powell says this economy isn't as miserable as the 1970s, but 'maybe that's just me'

The Fed chair was asked about stagflation fears but warned that repeated shocks—from tariffs to Iran—could begin to unanchor inflation expectations

Fortune

Every Fortune 500 CEO's nightmare: the Iran War and the Pandora's Box of AI cyber warfare

"We're seeing disruption at major transportation hubs, pressure on global shipping routes, and cyber activity targeting private companies."

Fortune

Morning Mail: crude spikes as Israel hits major gasfield, the driveways that ate Sydney, flight of the fashionistas

Tehran vows to strike at energy facilities after Israel hits main gasfield; study shows how housing redevelopments have halved the size of front yards

The Guardian - AU

Dollar Gains on Weak Stocks and Hawkish Fed

The dollar index (DXY00 ) on Wednesday rose by +0.51%. The dollar recovered from early losses today and turned higher after US Feb producer prices rose more than expected, a hawkish factor for Fed policy. Also, signs of escalation in the Iran war knocked stocks lower and boosted liquidity demand...

Barchart

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Joe Kent Is the First Iran War Crack in the Trump Admin

The top intelligence official resigned because there was no “imminent threat” from Iran and blamed Israel for starting the war.

Reason

What to know about the resurgent war between Israel and Hezbollah in Lebanon

Israel and Hezbollah are rapidly escalating a new war that is hitting Beirut and pushing toward a wider ground fight

The Independent UK

Middle East war: why tit-for-tat attacks on gasfields are a major escalation

Strikes on South Pars and Ras Laffan are first time fossil fuel energy production facilities have been hit. Why is it significant?

The Guardian - UK

Fed keeps rates on hold, Powell says he will remain in place until successor confirmed

The Iran war's oil shock is creating uncertainty for Fed policymakers.

Axios

Gabbard defers to Trump when asked if Iran posed "imminent threat"

The resignation of a top aide intensified the spotlight on Gabbard.

Axios

Crude Oil Prices Rise as Iran Threatens Attacks on Middle Eastern Energy Infrastructure

April WTI crude oil (CLJ26 ) on Wednesday closed up +0.11 (+0.11%), and April RBOB gasoline (RBJ26 ) closed down -0.0249 (-0.80%). Crude oil and gasoline prices fell back from sharp gains and settled mixed on Wednesday. Energy prices initially rallied sharply on Wednesday, with gasoline soaring to a 3.5-year...

Barchart

Nat-Gas Prices Rebound as European Gas Prices Surge on Iran Risks

April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.032 (+1.06%). Nat-gas prices recovered from a 1.5-week low on Wednesday and settled higher. Short covering emerged in nat-gas futures on Wednesday on carryover support from a +6% surge in European gas prices to a 1-week high after Iran threatened...

Barchart

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AAP

PM warns of supply issues after Qatar gas plant attacks

Anthony Albanese has criticised attacks in LNG plants in Qatar by Iran, as he indicates he can see the conflict reaching a conclusion.

The Guardian - UK

UK says it remains in talks over escorting ships through strait of Hormuz

Officials say military planners liaising with US Central Command but situation remains too dangerous for anything to happen soon

Latin Times

Analysts Say Venezuelan Oil Can't Offset The Disruption From The Iran War Crisis: 'It's a Math Problem'

Saudi Arabia and the United Arab Emirates have rerouted some exports through pipelines that bypass Hormuz, but analysts estimate about 14 million barrels per day remain blocked

Euronews

US: Fed projects one rate cut, sees limited Iran war impact

Federal Reserve officials say the war in Iran is likely to push up inflation this year, while having little impact on economic growth.

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We Got This Covered

Lindsey Graham tells Trump there’s ‘no reason’ to invade Iran, but then immediately demands he seize a crucial Iranian territory

He believes it can seal the fate of this war.

The Guardian - UK

Canada in push for joint G7 and Middle East effort to de-escalate Iran war

Foreign minister Anita Anand says she has drafted principles to reduce risk of regional spillover and wider shocks

The Guardian - US

The US right wing can forgive Trump for anything – except his deeply unpopular war

Iran war has split some Maga conservatives from Trump and alienated young voters. What will it mean in the midterms?

The Guardian - UK

US and Israel’s strategy to kill Iran’s top figures may prove counterproductive

Attempt to ‘decapitate’ state may harden resistance instead of destabilising regime

Barchart

2 Homeland Security Stocks Well-Priced for Long Call Strategies as the Iran War Drags On

Investors can claim the spoils of war with these two agile defense and security stocks.

The Guardian - UK

As Trump shows lack of direction on Iran, even Badenoch distances herself

Steady UK opposition to the war and the US president’s insults mean MPs are finding it easier to point out the obvious

The Times of India

'Not aware': Tulsi Gabbard says she does not know Trump said he was shocked by Iran's strike on Gulf countries

Director of National Intelligence Tulsi Gabbard said she was not aware of President Donald Trump's reaction that he was shocked when Iran decided to strike US allies in the Gulf region. As Gabbard testified before Congress, she was asked whether she provided any intelligence to the POTUS that a counterattack…

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