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The Latest Breaking News from Iran

'Worse Than Obama's Deal': GOP Insider Exposes Trump Administration's Secret Multi-Billion Dollar Bailout of Iran

Conservative radio host Erick Erickson accuses Donald Trump's White House of quietly agreeing to a multi‑billion dollar bailout for Iran while publicly denying key terms of the deal.

International Business Times UK

Fuel price warning as hopes dashed of cheaper petrol despite oil costs tumbling

UK drivers told there is ‘some way to go’ before fuel prices align with oil costs returning to pre-Iran war levels

The Independent UK

There is ‘some way to go’ before fuel prices return to pre-Iran oil crisis level

The AA said the average cost of a litre of petrol and diesel at UK forecourts is 152.9p and 170.5p respectively.

Evening Standard

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The international legal order is broken: 2 key shifts needed to fix it

The international legal order that was created after the second world war is no longer fit for purpose. Its response to urgent global problems like climate, poverty and pandemics is inadequate. Its key institutions like the United Nations are incapable of restoring peace in Ukraine, Iran, Sudan or the Democratic…

The Conversation

Energy Secretary Chris Wright Says U.S. Military Escorts Prevent Iran From Closing Hormuz Strait

Energy Secretary Chris Wright said Iran no longer has the ability to close the Strait of Hormuz.

International Business Times

Pakistan says Iran-US talks expected to resume next week

Pakistan's foreign office has indicated that crucial talks between the United States and Iran are set to resume next week, likely on Tuesday. This follows a recent memorandum of understanding and technical-level discussions in Switzerland, where Pakistan and Qatar acted as mediators. The ongoing dialogue, aimed at restoring peace in…

The Economic Times

Reopening of Strait of Hormuz to lower tail risk, but supply normalisation to be costly: S&P

S&P Global Ratings suggests reopening the Strait of Hormuz eases immediate risks for Asia Pacific, but expects uneven and costly supply normalisation. While a US-Iran MoU is constructive, unresolved issues persist. Delays in pre-conflict flows could keep energy and input costs elevated, impacting sectors like petrochemicals and agriculture, with South…

The Economic Times

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JD Vance is the face of the beleaguered Iran deal – is he its fall guy?

Vice-president, leading a foundering peace deal to end the kind of war he’s opposed in the past, is left holding the bag

The Guardian - US

How Dubai is trying to bring tourists and investors back after months of regional tensions

Dubai convened business leaders following Iran's strikes to mitigate economic fallout, pledging $681 million in support. While a preliminary peace deal eases immediate strains, restoring investor confidence requires sustained signals of authority response to future tensions. Analysts suggest more targeted incentives may be necessary for sectors like tourism and aviation…

The Economic Times

Oil prices fall below pre-Iran war levels as fears grow of global crude oversupply

Oil falls should feed through to petrol prices in days

The Independent UK

Rubio in Middle East tour says any Iran deal will ensure security of Gulf allies

U.S. Secretary of State Marco Rubio assured Gulf Arab allies that any deal with Iran would prioritize their security interests. Concluding a Middle East tour, Rubio aimed to assuage concerns over a preliminary accord, emphasizing Washington's commitment to regional stability. Despite assurances, conflicting accounts on deal terms regarding inspections and…

The Economic Times

Algeria-Austria clash stirs ghosts of Gijon as World Cup format stokes fears of collusion

Algeria have waited more than four decades for a chance to avenge the 'Disgrace of Gijon' that saw West Germany and Austria conspire to knock them out of the 1982 World Cup. Ironically, their final group clash against Austria is one of many games where sides could settle for a…

France 24

China state refiners considering resuming Iran oil imports, sources say

China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a potential shift since 2019. Despite this, industry sources suggest interest may be tempered by ample alternative supplies and weakening domestic fuel demand. The complex logistics of banking, insurance, and…

The Economic Times

Tucker Carlson Branded a 'Complete Fraud' After Backing JD Vance Despite GOP Exit Claims

Tucker Carlson criticises the Republican Party over Iran policy but praises Vice President JD Vance, sparking accusations of inconsistency and questioning his political stance.

International Business Times UK

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International Business Times UK

Trump Left Humiliated After Cameras Caught Supporters Leaving While He Boasted Economy Was 'Hot'

Footage of attendees leaving during Trump's America 250 speech sparked online debate, overshadowing his claims of national revival and foreign policy success.

Evening Standard

Oil prices retreat back to pre-war levels as vital shipping route reopens

Brent crude fell back to below 73 US dollars a barrel for the first time since the US-Israel war on Iran started on February 28,

The Independent UK

Oil prices now cheaper than at start of Iran war – as Trump issues new threat

IN FULL

The Guardian - UK

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shock

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The Independent UK

Trump takes victory lap after Senate GOP caves on Iran resolution

Senate Republicans who were berated by President Donald Trump over opposition to his war in Iran held a late-night vote Wednesday to try to appease him, rejecting a war powers resolution a day after a similar measure passed

The Economic Times

US Senate sides with Trump in fresh vote on Iran war powers

US Senate narrowly rejected a resolution to curb President Trump's Iran war powers, a day after passing a similar measure. Republican senators, reportedly under pressure from Trump, shifted their votes. The President, who had criticized the initial vote as "meaningless," celebrated the reversal, stating it "puts Iran on notice!" The…

Euronews

Newsletter: Can the Recovery Conference mend a fraying partnership?

In today's newsletter: A high-level conference in Gdańsk has been plagued by no-shows from the Ukrainian government, NATO Secretary General Mark Rutte unveils "Trump Trillion" charts while at the Oval Office, and a Commissioner heads to Malta to address corruption.

The Guardian - UK

Ryanair ditches family seating fees; Markets at record highs as oil hits pre-Iran war levels – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Stoic Warrior oil tanker navigates the Strait of Hormuz despite Iran threats

The Stoic Warrior took off early Thursday morning on a trip that saw it hug the coast of the United Arab Emirates and then Oman

The Economic Times

Crude oil prices crash 42% from April’s $126 peak. More downside coming?

Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummeted 42% from their April peak, with Brent falling below $73 a barrel, signaling a return to pre-conflict levels

International Business Times UK

Trump Draws Red Line: No Final Iran Agreement If Tehran Charges Shipping Fees

President Trump firmly opposes Iran's proposal to charge shipping fees in the Strait of Hormuz, emphasising free passage as a critical condition in ongoing negotiations

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