The Latest Breaking News from Iran

Oil Plummets As Hopes For An Iran Deal Rise After Trump's Remarks About Talks Being In 'Final Stages'

Oil prices fell sharply on Wednesday after President Donald Trump said talks with Iran to end the war are in their "final stages."

International Business Times · May 20

Trump may see himself in Ahmadinejad but having him lead Iran was a perplexing idea

Former Iranian president has a populist, headline-grabbing communication style but is an avowed anti-Zionist. How could Israel see him as a man to do business with?

The Guardian - UK · May 20

Prices at the pump hit $4 a gallon in all 50 states—just as summer driving season begins

The average gasoline price could surge above $5 by the end of the summer if the war continues unabated.

Fortune · May 20

Donald Trump just told struggling Americans to suck up the gas prices. His one-word description of their pain has them wondering whose side he’s on

The man has never filled a tank with gas in his life.

We Got This Covered · May 20

M&S in fashion as stocks climb amid fresh hopes of US-Iran peace deal

Investors in London were also digesting better-than-forecast UK inflation figures.

Evening Standard · May 20

Bank of England governor says food price freezes are ‘unsustainable’

The Iran conflict has been the ‘dominating change in the landscape’ for the economy, Andrew Bailey said

The Independent UK · May 20

We may have cut interest rates twice this year if not for Iran war – Bank chief

Bank of England governor Andrew Bailey told MPs on the Treasury Committee that a rate cut had been taken off the table following the conflict.

Evening Standard · May 20

RFK Jr’s daughter-in-law leaves two of her government jobs over Iran war: report

Amaryllis Fox Kennedy previously managed her father-in-law’s presidential campaign

The Independent UK · May 20

Crude Oil Prices Tumble on Hopes the Iran War Could Soon End

July WTI crude oil (CLN26 ) today is down -4.43 (-4.25%), and July RBOB gasoline (RBN26 ) is down -0.1264 (-3.54%). Crude oil and gasoline prices are falling sharply today on optimism that diplomacy may finally end the Iran war and reopen the Strait of Hormuz. Crude prices remained sharply...

Barchart · May 20

Bulletin world briefing: Iran threatens to expand conflict and Xi and Putin meeting ends in warning

Here are five of the biggest stories from around the world today

The Independent UK · May 20