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The Latest Breaking News from Iran

US vs Iran nuclear standoff enters cold war phase - is a bigger war coming?

The Iran conflict has entered a Cold War-like phase with financial sanctions and naval interdictions, leading to a tense stalemate. Higher energy prices are expected to persist, while the risk of escalation remains. President Trump is reportedly weighing new strikes against intensifying sanctions, aiming to force Iran into nuclear program…

The Times of India

Iran’s in ‘state of collapse’ and wants US to open Strait of Hormuz asap, Trump says

IN FULL

The Independent UK

US consumer confidence inches higher in the face of soaring gasoline prices

U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran

The Independent UK

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UAE to leave Opec group of oil producers amid Middle East energy shock

The UAE joined Opec in 1967, and its departure will leave the oil cartel with 11 member countries including Saudi Arabia, Iran and Iraq.

Evening Standard

UAE to leave Opec group of oil producers after six decades amid ‘volatility’ from Middle East energy shock

UAE’s withdrawal will leave the oil group with 11 member countries, including Saudi Arabia, Iran, and Iraq

The Independent UK

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.

Fortune

Keir Starmer Warns Holiday Plans And Shopping Habits May Change Amid Iran Crisis

Keir Starmer warns that the Iran crisis could impact UK households, affecting summer holidays and supermarket spending. He emphasizes the need for caution as the situation evolves.

International Business Times UK

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Trump claims Iran told U.S. it wants Strait of Hormuz open ASAP

Tehran hasn't confirmed the message.

Axios

Brent Crude Tops $110 a Barrel As Talks Between The U.S. And Iran Continue To Be Deadlocked

The price of Brent crude topped $111 on Tuesday as talks between the U.S. and Iran continue at a standstill.

International Business Times

Iran war will trigger largest energy price surge since 2022, World Bank warns

The World Bank’s latest Commodity Markets Outlook report predicts a 24% surge in energy prices this year as the Iran war delivers a historic shock to global supply chains.

Euronews

JD Vance ‘asking a lot of questions’ if Pentagon’s giving Trump full picture for Iran War: report

IN FULL

The Independent UK

How the Iran war boosted profits at BP and Barclays

Barclays' profits rose, but loan losses weighed on its first-quarter results. At the same time, oil giant BP’s earnings jumped, largely driven by an exceptional oil trading boom linked to the Iran war.

Euronews

Trump aides fear Iran could turn into a drawn-out ‘Cold War situation’ with no deal — but no bombs either

Trump promised that the U.S. would not be dragged into a lengthy conflict in the Middle East

The Independent UK

UAE leaves OPEC, citing national interest in 'a new energy age'

The UAE’s historic decision is a major blow to the alliance of oil producers, just as the global energy crisis is escalating over Iran’s blockade of the Strait of Hormuz, but the Gulf state insists its decision “enhances the UAE’s ability to respond to evolving market needs."

Euronews

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Evening Standard

Superyacht linked to sanctioned Russian billionaire sails through Strait of Hormuz

The £370 million boat left Dubai on Friday night and arrived at a marina in Oman on Sunday morning

Euronews

Louis Arnaud, former French hostage in Iran, describes Evin prison as 'the den of evil'

Speaking to Euronews, Louis Arnaud says the memories of Evin Prison continue to haunt him, as he recalls a place where captives are crammed into windowless cells and where the lights never go out.

International Business Times

Iran Has Less Than a Month Of Oil Storage As U.S. Blockade Of Its Ports Continue: Report

Iran has less than a month of oil storage as the U.S. continues to block its ports during the war, an intelligence firm said.

International Business Times

Marco Rubio Appears To Reject Iranian Proposal To Reopen Strait Of Hormuz Without Nuclear Deal

Secretary of State Marco Rubio appeared to reject Iran's proposal to end the war and reopen the Strait of Hormuz without a nuclear deal, saying that is the main reason for hostilities.

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The Times of India

Bahrain revokes citizenship of 69 Iran sympathisers

Bahrain's Interior Ministry has stripped 69 individuals, including family members, of their citizenship. The government cited sympathy with Iran's hostile actions and collaboration with foreign entities as reasons. These revocations, based on the Bahraini Nationality Law, target those deemed to have harmed the kingdom's interests or breached loyalty.

The Independent UK

Trump ‘set to reject’ Iran’s new proposal to end the war

IN FULL

Axios

Iran may have oil options to drag things out

The country "may not be in imminent danger of a major crude oil shut-in," one analyst says.

The Times of India

Iran oil tankers turned back by US blockade

US naval actions have significantly disrupted oil traffic through the Strait of Hormuz, forcing six tankers carrying millions of barrels of Iranian oil back to Iran. While some vessels are being diverted, others have managed to pass, highlighting the ongoing impact of the conflict on global oil exports and the…

The Independent UK

The Latest: US appears cold to Iranian proposal to end the war without a nuclear deal

The Trump administration seems unlikely to accept Iran’s offer to end the war and its chokehold on the Strait of Hormuz

The Independent UK

JD Vance repeatedly questioning handling of Iran war

IN FULL

The Times of India

Putin meets Araghchi, praises Iranians for resistance to US

Russian President Vladimir Putin on Monday praised the Iranian people for battling to stay independent in the face of US and Israeli pressure and said Moscow would do all it could to help Tehran. Russia has offered to mediate to try to help restore calm to West Asia following US…

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