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The Latest Breaking News from Iran

US ‘very close’ to deal with Iran to reopen Strait of Hormuz

IN FULL

The Independent UK

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Independent UK

AAP Rolling News Bulletin May 29, 1530

AAP Rolling News Bulletin for May 29 at 1530

AAP

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‘It feels unfair’: the Britons struggling to get a mortgage since Iran war began

Whether first-time buyers, in between homes or refixing, people tell of impact of higher mortgage rates on housing

The Guardian - UK

AAP Rolling News Bulletin May 29, 1500

AAP Rolling News Bulletin for May 29 at 1500

AAP

Silver drops Rs 1,500/kg, gold at Rs 1.56 lakh/10 gms as Iran war tensions weigh. Key levels to watch

Gold and silver prices on the MCX opened slightly lower on Friday, with silver July futures falling 0.5% to Rs 2,68,018 per kg and gold June futures slipping marginally to Rs 1,56,316 per 10 grams. The decline came as investors balanced geopolitical uncertainty in the Middle East against hopes of…

The Economic Times

Rupee rises 5 paise to 95.53 against US dollar in early trade

The Indian Rupee gained ground against the US Dollar today. This rise follows an agreement between the US and Iran to extend a ceasefire. Forex traders believe this will ensure continued trade through the Strait of Hormuz. Stable oil prices offer relief to India, an oil-importing nation. However, foreign investment…

The Economic Times

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US Stock Market: Hawkish Fed voices grow louder amid energy-driven inflation surge

A growing split is seen among US Federal Reserve officials. Some policymakers warn that interest rates might need to increase again. This comes as inflation shows signs of not cooling down quickly enough. Rising energy prices linked to the Iran conflict are a major concern. The impact of artificial intelligence…

The Economic Times

AAP Rolling News Bulletin May 29, 1430

AAP Rolling News Bulletin for May 29 at 1430

AAP

Sensex rises 220 points, Nifty nears 24,000 on Iran-US ceasefire extension reports

Indian stock markets opened muted but recovered on Thursday morning. Investors assessed Middle East political developments. Declining oil prices provided a boost. IT stocks led gains on the Sensex. Broader markets also traded in the green. Foreign investors remained net sellers of Indian equities on Wednesday.

The Economic Times

AAP Rolling News Bulletin May 29, 1400

AAP Rolling News Bulletin for May 29 at 1400

AAP

Asian shares are mostly higher on hopes for a winding down of the Iran war

Asian shares are mostly higher on expectations of a deal between the U.S. and Iran to extend their ceasefire in their war by 60 days

AAP

Oil prices dip as tentative US-Iran deal awaits Trump’s final approval

Analysts warned that any potential ceasefire extension should be viewed cautiously

The Independent UK

AAP Rolling News Bulletin May 29, 1330

AAP Rolling News Bulletin for May 29 at 1330

AAP

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The Economic Times

'Very close': JD Vance says US nears agreement on Strait of Hormuz, Iran nuclear setback

US Vice President JD Vance said Washington is "very close" to achieving a broader strategic agreement in West Asia, asserting that recent US actions will reopen the Strait of Hormuz, weaken Iran's conventional military capabilities, and position the United States to significantly delay Tehran's nuclear programme.

The Independent UK

Early heatwaves and Iran war create perfect storm for energy shortages

IN FOCUS: Soaring temperatures across Asia are driving up energy demand just as the US-Israeli war against Iran squeezes supplies. Stuti Mishra reports

The Guardian - AU

NZ and Iran in World Cup limbo with LA story about more than football

Uncertainty has clouded the All Whites and Team Melli’s group stage opener to be held in Los Angeles on 15 June

AAP

AAP Rolling News Bulletin May 29, 1300

AAP Rolling News Bulletin for May 29 at 1300

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AAP

FED:Aussie shares rebound on tentative ceasefire deal

Mining stocks are leading a rebound on the local exchange as markets whipsaw on reports of conflict and ongoing negotiations between the US and Iran.

AAP

Deal hopes help Aussie shares end rocky week in front

An expected ceasefire extension between the US and Iran has breathed life into Australia's stock exchange, with the conflict verging on its fourth month.

International Business Times UK

British Couple Jailed in Iran Begin Starvation Protest After Claims UK 'Can Do Nothing'

British couple Lindsay and Craig Foreman are on a hunger strike in Iran's Evin Prison, protesting their detention. MPs and campaigners urge the UK government to take stronger action for their release.

AAP

AAP Rolling News Bulletin May 29, 1230

AAP Rolling News Bulletin for May 29 at 1230

The Conversation

Why Donald Trump’s latest plan for peace is a non-starter

Sooner or later in every armed conflict, someone will trot out the well-worn aphorism that “Truth is the first casualty of war.” And certainly, in the Iran war truth beat a hasty retreat as soon as the US and Israel launched their attacks on Iran and Lebanon on February 28.

The Economic Times

Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

Oil prices saw a slight dip on Friday. Hopes for a U.S. and Iran ceasefire extension are influencing the market. U.S. Vice President JD Vance indicated progress but noted unresolved issues. Geopolitical tensions remain high. Analysts suggest a prolonged Strait of Hormuz closure could impact global oil markets significantly.

The Economic Times

Trump's room to maneuver narrows as US, Iran close in on framework deal

President Trump faces a strategic dilemma as a potential framework deal with Iran emerges, aiming to extend a ceasefire and reopen the Strait of Hormuz. This interim agreement, however, risks backlash from party hawks concerned about Iran's nuclear program, while deferring key discussions on its nuclear ambitions.

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