The Latest Breaking News from Iran

Marco Rubio And Pope Leo XIV Agree On The Need To 'Work Tirelessly In Favor Of Peace'

Secretary of State Marco Rubio met Pope Leo XIV at the Vatican on Thursday in a visit that placed one of the Trump administration's most visible Catholic officials face-to-face with the first American pope after the President openly criticized the pontiff.

International Business Times · May 7

Stocks Fall on Doubts About an Imminent US-Iran Peace Deal

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.12%. June E-mini S&P futures (ESM26 ) fell -0.42%, and June E-mini Nasdaq futures...

Barchart · May 7

Hoping a possible peace deal will quickly bring down gas prices? It might take up to a year

Trump’s war in Iran has seen average gas prices rocket from $3 before the conflict to $4.54 per gallon

The Independent UK · May 7

Trump pauses ‘Project Freedom’ in the Strait of Hormuz but warns Iran the bombing will restart ‘at a much higher level’ if talks collapse

Project Freedom – the U.S. mission to guide commercial ships through the Strait of Hormuz – has been paused, but the warning from Donald Trump is clear: if negotiations with Iran collapse, the bombing will resume “at a much higher level.” The pause was announced on May 6, 2026, as…

The Mary Sue · May 7

Dollar Recovers Early Losses as Stocks Retreat

The dollar index (DXY00 ) on Thursday rose by +0.14%. The dollar recovered from early losses on Thursday and moved higher after stocks gave up early gains and turned lower, boosting liquidity demand for the dollar. The dollar also found support on Thursday’s dollar-friendly news on weekly jobless claims, Q1...

Barchart · May 7

Bill O'Reilly is Latest Conservative Figure to Cite 'Anger' in Trump Base Over Iran: 'Got to Move it or Midterms Are Lost'

"The growing anger in the United States," O'Reilly said, combined with "$5 a gallon" gasoline prices could have electoral consequences for Republicans

Latin Times · May 7

Crude Oil Recovers as US May Restart Operations to Reopen the Strait of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26 ) closed down -0.0033 (-0.10%). Crude oil and gasoline prices closed lower on Thursday on optimism that a US-Iran peace deal is imminent. The markets await further updates after the US presented a...

Barchart · May 7

U.S. Allies Reopen Their Airspace To Its Forces After Reported Backlash

Two Gulf countries reopened their airspace to U.S. forces after closing it earlier this week, according to a new report.

International Business Times · May 7

WHR Stock Alert: Whirlpool Sinks as CEO Warns of 'Recession-Level Industry Decline' Due to Iran War

Whirlpool stock sinks on disastrous Q1 earnings and bleak CEO remarks. Here’s why WHR shares aren’t worth buying on the post-earnings dip.

Barchart · May 7

DOJ probing suspicious multi-million dollar bets related to Iran war

IN FULL

The Independent UK · May 7