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The Latest Breaking News from Iran

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

International Business Times UK

World facing worse energy shock than 1970s oil crisis and Ukraine war combined, says IEA chief

Fatih Birol says world leaders underestimating impact war in Middle East will have on energy prices

The Independent UK

The Iran war cripples Asia’s supplies of fertilizer and helium, threatening farms and chipmakers alike

Agriculture is the backbone of many ASEAN economies like Indonesia, Thailand, and Vietnam.

Fortune

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UK mortgage interest rates expected to rise despite Trump’s Iran pause

Bank of England likely to make two quarter-point increases amid sustained rise in inflation, investors believe

The Guardian - UK

Stock Index Futures Rally as Oil Prices Tumble on U.S.-Iran Talks

June S&P 500 E-Mini futures (ESM26) are up +1.53%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.57% this morning, pointing to a sharply higher open on Wall Street as sentiment got a boost after U.S. President Donald Trump said the U.S. and Iran had “very good” conversations about…

Barchart

Trump’s brutal ‘cowards’ claim rocks NATO as one major player finally crumbles under US pressure

The British government has partially reversed its stance, now allowing the United States military to use UK bases for airstrikes aimed at clearing the Strait of Hormuz of Iranian obstacles. This policy shift was announced by Prime Minister Keir Starmer’s office just hours after President Donald Trump publicly called European…

The Mary Sue

Supermicro—accused of smuggling $2.5 billion in Nvidia chips to China—has been here before, in Iran

Yih-Shyan “Wally” Liaw was arrested on Thursday and resigned his seat on the Super Micro Computer board on Friday.

Fortune

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The Iran war has lessons to teach us about nuclear weapons – but we risk learning the wrong ones

Nuclear “non-proliferation” – preventing the spread of nuclear weapons beyond states that already have them – has been held up as the rationale for the US-Israeli war on Iran.

The Conversation

Ted Cruz says he urged Donald Trump to launch Iran strike day before war

Senator Ted Cruz admitted that he urged Donald Trump to move forward with military action against Iran just a day before the conflict began.

The Times of India

Switzerland just pulled the plug on a core US military advantage and the Pentagon is scrambling to adjust

Switzerland just made a huge move that’s undoubtedly going to shake up US military operations, announcing it will no longer issue licenses for companies to export weapons to the United States. This is a pretty wild development, and it comes right alongside the Swiss government closing its airspace to US…

The Mary Sue

US accuses ‘desperate’ Iran of targeting civilian sites more than 300 times

IN FULL

The Independent UK

Keir Starmer reassures Londoners: Iranian missiles fired at the capital would be shot down

The UK has a multi-layered defence system to protect against missile attacks, says No10

Evening Standard

Oops! Iran’s long-range missiles cause Netanyahu to threaten war while Trump bolts

Evidently, Iran has been holding back thus far.

We Got This Covered

What's the Connection Between the US War on Iran, Fuel, Fertilizer, and Food Prices? (Part 1)

Though global markets can be independent of each other, there are connections running throughout the commodity complex.

Barchart

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The Guardian - UK

Why Iran’s threat to destroy water facilities could spell disaster for Gulf countries

Desalination infrastructure is crucial in arid region with very little rainfall and few rivers or lakes

We Got This Covered

‘We’ve been torn apart’: U.S. sends a Navy airman to Iran while deporting her father on the same day

Jessica Martinez is currently serving aboard the USS Abraham Lincoln.

The Guardian - UK

Starmer says he is ‘unapologetic’ about his focus on national interest when asked how he deals with ‘rude’ Trump – as it happened

PM tells MPs ‘a lot of what is said or done is undoubtedly said or done to put pressure on me’

Kiplinger

I'm an Investment Pro: This Is Why Gold Isn't Shining Right Now (Plus, an Alternative That Is)

Even if gold mining companies become less profitable, it will still be business as usual for gold royalty companies.

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news in one place.

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The Independent UK

Keir Starmer to consider ‘every lever available’ over Iran cost-of-living crisis

Prime Minister Sir Keir Starmer will lead a meeting of the Cobra emergency committee to consider the economic impact of the Middle East crisis.

Evening Standard

Emergency cost-of-living Cobra meeting amid soaring energy prices and stock market crash threat over Iran war

Prime Minister Sir Keir Starmer leads a meeting of the Cobra emergency committee to consider the looming economic impact of the Middle East crisis

Roll Call

Trump delays some US strikes in Iran for five days amid new round of talks

President Donald Trump announced Monday morning that he had ordered the U.S. military to delay strikes on some Iranian infrastructure targets for five days while his team negotiates with Tehran. After posting critical statements about the new Iranian government on his Truth Social platform over the weekend, Trump said Monday…

We Got This Covered

The UN just dropped a war crime bombshell about the U.S. and Israel — and it’s not what their leaders want the world to hear

Image by US Mission Geneva, CC BY-ND 2.0.

Euronews

Oil prices slide after Trump announces 'productive conversations' with Iran

Oil prices dropped and stock markets started to climb after comments from US President Donald Trump raised hopes for a quick end to the Iran war.

Evening Standard

British man jailed in Iran criticises Government for abandonment in war zone

Craig and Lindsay Foreman were previously sentenced to 10 years in prison on spying charges.

The Independent UK

British man jailed in Iran says UK government has ‘abandoned him and his wife in a war zone’

Craig and Lindsay Foreman have been sentenced to 10 years in prison on spying charges

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