The Latest Breaking News from Iran

Trump brands Iran leaders ‘lunatics’ after attacks on US warships in Strait of Hormuz

IN FULL

The Independent UK · May 8

‘How good a president is Trump?’ Commander-in-Chief polls workers in site visit to Lincoln Memorial reflecting pool rehab

Trump asked the workers on site if they think Iran should have a nuclear weapon

The Independent UK · May 8

UAE says countering Iranian air attack

US-Iran war news: UAE air defences are actively responding to a missile and drone assault. Earlier, US forces intercepted Iranian attacks targeting three Navy ships. The US military also struck Iranian facilities responsible for these assaults. No ships were hit. This incident challenges the fragile ceasefire between the US and…

The Economic Times · May 8

Oil Price Today (May 8): Crude oil snaps three-day losing streak as Iran-US clashes stoke Hormuz fears. What are experts saying?

Oil prices surged over 1% as renewed U.S.-Iran clashes raised concerns about the Strait of Hormuz's stability, disrupting hopes for its reopening. Iran accused the U.S. of breaching a ceasefire, while Washington cited retaliation for Iranian forces firing on its vessels. Despite recent losses, the conflict's escalation could significantly impact…

The Economic Times · May 8

US, Iran weigh 30-day ceasefire plan, reopening Strait of Hormuz; n-talks still in limbo

Iran and the US are reportedly in talks for a temporary truce, aiming to reopen the Strait of Hormuz and pave the way for broader nuclear negotiations. A 30-day pause in hostilities is proposed, with discussions focusing on lifting shipping blockades and ending military actions. More complex issues like sanctions…

The Times of India · May 8

Dollar firms as US-Iran hostilities flare, yen steadied by intervention risk

Global markets saw the dollar strengthen on Friday due to renewed US-Iran hostilities. Oil prices surged, increasing risk aversion. The Japanese yen remained stable as Tokyo issued verbal warnings against sharp declines. Investors are now focused on the upcoming US non-farm payrolls report. Sterling faced its first weekly loss since…

The Economic Times · May 8

Oil prices jump on renewed US-Iran hostilities

Oil prices surged Friday amid renewed U.S.-Iran clashes, jeopardizing a fragile ceasefire and dimming hopes for reopening the vital Strait of Hormuz. Brent crude and WTI futures climbed significantly, reversing earlier declines. This escalation follows Iran's accusations of U.S. violations and U.S. claims of retaliatory strikes, despite President Trump stating…

The Economic Times · May 8

Trump news at a glance: US and Iran exchange fire, which president calls ‘love tap’

Skirmishes threw into question the viability of shaky ceasefire that had largely held for previous month – key US politics stories from 7 May at a glance

The Guardian - US · May 8

Iran forms agency to control Hormuz shipping

Iran has formed a new government agency to control passage through the Strait of Hormuz. This move raises concerns for international shipping. Meanwhile, peace talks continue between Iran and the U.S. mediated by Pakistan. Both sides are reviewing proposals. Hopes for an end to the conflict are growing, impacting global…

The Economic Times · May 8

Trump claims doubled gas prices are ‘way down’ as his transport chief tells Americans to take road trips

Sean Duffy boasted that oil prices had dipped below $100 a barrel after Trump’s war in Iran caused the cost of gas to more than double

The Independent UK · May 8