Cost of surviving in U.S. is reportedly spiraling, but Donald Trump has his reasons for ‘loving’ the inflation Republicans have been accused of actively making the inflation worse. We Got This Covered · Jun 12
What if Trump actually seized Kharg Island? Kharg Island is a small coral outcrop off the coast of Iran that handles around 90% of the country's crude oil exports, making it key to Tehran's economy. Euronews · Jun 12
Iran media outlines draft US deal to end conflict, restart nuclear negotiations A draft agreement between Iran and the United States has been published by Mehr news agency. This proposal outlines a permanent end to hostilities on all fronts, including Lebanon. It also includes a 60-day period for negotiations on Iran's nuclear program. The framework suggests the complete lifting of US sanctions… The Economic Times · Jun 12
British economy shrinks as Iran war dampens growth The UK economy contracted in April for the first time in eight months amid signs that the Iran war is beginning to take its toll on some sectors. AAP · Jun 12
Spain inflation stuck at 3.2% for third month, hit by war in Iran May’s CPI confirms the preliminary INE figures. Transport and holiday packages push prices up, while clothing and food fall. Core inflation rises to 3%. Euronews · Jun 12
Iranian woman among migrants deported from the US to the Central African Republic Attorneys say an Iranian woman is among a group of people who have been deported to the Central African Republic from the United States The Independent UK · Jun 12
UK economy shrinks in April as the Iran war energy shock takes a toll Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025, as the conflict in the Middle East pushed up energy costs and prompted households to rein in their spending. Euronews · Jun 12
World shares surge and oil prices slip over 4% after Trump claims a breakthrough in Iran war talks World shares have advanced in the wake of big Wall Street gains, while oil prices tumbled more than 4% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran war AAP · Jun 12
Oil price falls to three-month low and stocks rally on hopes of US-Iran deal Financial markets were rebounding at the end of a week which began with renewed tensions in the Middle East. Evening Standard · Jun 12
AAP · Jun 12 Trump calls off latest threats to strike Iran, citing a breakthrough in talks to end the war U.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war
The Times of India · Jun 12 The deal that could reopen Strait of Hormuz: What Trump and Iran are negotiating The US and Iran have tentatively agreed on a memorandum of understanding that would reopen the Strait of Hormuz and pause fighting for 60 days, but the deal still needs final approval from Iran's supreme leader, according to officials cited by Axios.
The Economic Times · Jun 12 'Not a great environment for Indian market': Harsha Upadhyaya on Iran-US tensions, IT outlook, pharma bet, and where to be cautious Global challenges are impacting Indian stocks. West Asian tensions and rising US inflation create headwinds. Tech sector shifts also affect markets. Kotak AMC's Chief Investment Officer advises caution. Pharma and healthcare offer a defensive haven. Metals require trimming positions. IT services face structural slowdowns. Foreign investor flows remain a key…
The Economic Times · Jun 12 Why are oil, gold and silver prices down today, and will Brent futures, US WTI crude and precious metals prices continue to drop or rise again? Market reacts to Iran peace deal hopes and rate concerns Why are oil, gold and silver prices down today, and will Brent futures, US WTI crude and precious metals prices continue to drop or rise again? Oil, gold and silver prices moved lower after reports that the United States and Iran could reach a peace agreement. Brent futures and US…
The Independent UK · Jun 12 Is Trump actually close to agreeing deal to end war in Iran? What we know IN FULL
The Economic Times · Jun 12 Japan's Nikkei ends nearly 3% higher on renewed hopes for Middle East peace Japanese stocks surged on Friday, with the Nikkei index climbing close to 3 percent. Investors reacted positively to news of a potential peace deal between the United States and Iran. Chip-related companies saw significant gains. Banks also advanced ahead of a Bank of Japan policy meeting. The market experienced volatility…
AAP · Jun 12 World shares surge and oil prices slip after Trump claims a breakthrough in Iran war talks World shares have advanced in the wake of big Wall Street gains, while oil prices slipped more than 1% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran war
Euronews · Jun 12 Israeli air campaign intensifies across southern Lebanon An early morning strike in Nabatiyeh capped a week of escalating hostilities that saw the US and Iran exchange direct fire. While Israel continues to reject Tehran's demands for a linked ceasefire with Hezbollah, the relentless bombardment has left the southern Lebanese border deserted.
The Guardian - AU · Jun 12 US military says it downed Iranian attack drones – as it happened This blog is now closed
The Guardian - UK · Jun 12 Has the US really carried out a secret mission to get oil through Hormuz? Trump says hundreds of tankers have escaped Iran’s blockade. Data suggests shipments are increasing but many questions remain
The Economic Times · Jun 12 India bonds surge as oil nears 8-week low on US-Iran deal hopes Indian government bonds rallied early Friday as oil prices plunged, with Brent crude futures easing nearly 2% to $88.66 per barrel. This decline, driven by hopes of a U.S.-Iran peace deal, boosted demand ahead of a significant debt auction. The benchmark 10-year U.S. Treasury yield also eased, contributing to the…