Trump vows to hit Iran ‘very hard’ tonight and assume ‘total control’ of Kharg Island IN FULL The Independent UK · Jun 11
ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This move aims to combat accelerating inflation, driven by the Middle East war's energy shock, despite concerns for the struggling eurozone economy. The ECB also lowered its growth… The Economic Times · Jun 11
UK economy expected to show signs of Iran war impact as fuel prices soar UK’s economy grew better than expected before the breakout of the Iran war The Independent UK · Jun 11
Welcome to Trump’s World Cup, a depressingly angry version of football uniting the planet Ted Lasso will deliver a message of hope before the USA’s first game, in an America that is not a fit or desirable host right now The Guardian - UK · Jun 11
US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran AAP · Jun 11
US will hit Iran 'very hard' tonight: Trump plans to take over main Iranian oil terminals Iran war news: US President Donald Trump has issued a strong warning to Iran. He stated that America will strike Iran very hard. Trump also revealed plans to seize Kharg Island and other oil terminals. This move aims to gain complete control over Iran's oil and gas markets. The US… The Economic Times · Jun 11
Trump says US will hit Iran 'very hard,' threatens to take 'total control' of its oil industry President Donald Trump says the U_S_ will hit Iran "VERY HARD TONIGHT," and threatens in a social media post to "assume total control" of Iran's oil and gas industries, including the key Kharg Island, in the "not too distant future." AAP · Jun 11
ECB raises interest rates for the first time in three years as Iran war fuels inflation The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years. Euronews · Jun 11
Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war The Independent UK · Jun 11
ECB raises eurozone interest rates as Iran war stokes inflation European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next spring The Guardian - UK · Jun 11
UK economy set to show Iran war impact in April from surging fuel prices Most economists forecast a 0.1% decline in output month-on-month – a marked reversal after the 0.3% growth seen in March. Evening Standard · Jun 11
The Economic Times · Jun 11 India bonds end higher as oil eases; focus shifts to debt sale, inflation Thursday marked a positive performance for Indian government bonds, buoyed by falling oil prices that alleviated fears tied to the U.S.-Iran crisis. The Reserve Bank of India took decisive action to lure foreign investors and stabilize the rupee, creating a favorable atmosphere for bond trading. Investors are looking ahead to…
The Economic Times · Jun 11 US military confirms attack on third Indian-crewed tanker off Gulf of Oman US forces disabled a third oil tanker in the Gulf of Oman. The ship was attempting to transport oil from Iran. US aircraft fired missiles into the engine room. This action follows a blockade initiated on April 13. CENTCOM reports disabling nine non-compliant vessels and redirecting many others.
International Business Times UK · Jun 11 Donald Trump Defends Soaring Costs As He Claims To 'Love' New Inflation Figures Donald Trump said he 'loves' the latest 4.2 per cent US inflation figure, insisting soaring prices are tied to his war with Iran and secretive oil moves in the Strait of Hormuz.
The Economic Times · Jun 11 Iran-U. S War: Washington, Tehran interim deal stalled over $6 billion to $12 billion of frozen funds? Read shocking report U.S. President Donald Trump has repeatedly said a deal is close, while also threatening to intensify bombing.
International Business Times · Jun 11 Iran, U.S. Inching Closer To Deal Despite Increased Attacks, Report Claims Efforts to reach an interim deal to end the war in Iran have intensified amid increased attacks, with both sides discussing the release of frozen Iranian funds, according to a new report.
AAP · Jun 11 US military says it used missile fire to disable a tanker trying to break its blockade on Iran The U.S. military's Central Command says it struck an oil tanker in the waters just outside the Strait of Hormuz that was trying to break its blockade of Iranian ports
The Independent UK · Jun 11 Trump says his birthday wish is ‘peace for the world’ as he strikes Iran President made the remark before US Central Command confirmed that the commander-in-chief had directed further strikes on Iran
The Independent UK · Jun 11 Are the latest strikes between Trump and Iran the prelude to all-out war - or just the new normal? IN FOCUS: Tehran has said that the latest round of US strikes has left the ceasefire ‘practically meaningless’, but Washington maintains that diplomacy is continuing. Experts tell Alex Croft that the chances of a terrible miscalculation are increasing
The Economic Times · Jun 11 Rupee drops to 95.76 vs USD on dollar demand from oil cos, nearly erases RBI-led gains Thursday saw the Indian rupee slip against the U.S. dollar, negating earlier improvements that were supported by measures from the central bank. The currency's decline was influenced by ongoing demand from oil firms and soft indicators across Asia. Starting off weak, the rupee continued to face downward pressure throughout the…