The Latest Breaking News from Iran

Trump shrugs off rising inflation as war deepens economic spiral

The bottom is falling out on Trump's signature issue.

Axios · May 13

The £6bn bond yields drama unfolding behind the headlines

UK 10-year gilts have risen by more than those issued by other advanced economies since the start of the Iran war

The Independent UK · May 13

Australia’s Gold Coast abandons plans to build ‘toxic’ new Trump tower

Developer blamed ‘toxic’ Trump brand and Iran war for the project’s collapse

The Independent UK · May 13

Geopolitical tensions keep markets nervous despite strong earnings: Dipan Mehta

Geopolitical tensions, particularly the Iran crisis, are overshadowing strong corporate earnings, according to Dipan Mehta. While India Inc. shows resilience with encouraging results from auto, NBFC, and FMCG sectors, investors remain cautious. Mehta advises selectively accumulating quality businesses available at reasonable valuations amidst this uncertainty, highlighting potential in tech, auto…

The Economic Times · May 13

US announces $15 million bounty targeting Iran army funding mechanisms

The US State Department is offering up to $15 million for information on financial networks linked to Iran's IRGC, targeting its illicit oil trade. This move, part of expanded sanctions, aims to disrupt funding for proxy groups and regional aggression. The US also sanctioned a network involved in selling Iranian…

The Times of India · May 13

US State Department offers $15 million bounty for insights on Iran's IRGC funding networks

The US Department of State has announced a reward of up to USD 15 million for key intel that could turn the tide against Iran's Islamic Revolutionary Guard Corps. This strategic initiative focuses on choking off their illicit oil operations and funding channels. Allegations suggest these funds back terrorism and…

The Economic Times · May 13

Tui says summer bookings down as Iran war and Jamaica hurricanes hurt profits

Europe’s largest travel operator is one of several firms to be impacted by the conflict in the Middle East, which began at the end of February.

Evening Standard · May 13

China calls on Pakistan to strengthen diplomatic efforts in Iran–US dialogue

China on Tuesday urged Pakistan to intensify its diplomatic mediation efforts in facilitating dialogue between Iran and the United States, as tensions around the Strait of Hormuz continue to raise economic concerns.

The Times of India · May 13

Trump heads to China for Iran war talks with Xi

IN FULL

The Independent UK · May 13

Fire or ice: Why a ceasefire in the Gulf cannot hold

As the specter of renewed conflict between the US and Iran looms, the Strait of Hormuz stands at the center of this brewing storm. A fresh clash could erupt, either plunging the world into a major wartime scenario or extending a tense cold war. The repercussions could be drastic, disrupting…

The Economic Times · May 13