Lower speed limits could help stop Iran war damaging UK economy, think tank says Inflation could soar and conflict in the Middle East could cost the Treasury £8bn a year, new modelling indicates The Independent UK · May 6
Trump Warns $200–$250 Oil Prices Are 'Worth It' If It Means Halting Iran Nuclear Threat President Trump is willing to accept economic disruptions, including high oil prices and stock market declines, to prevent Iran from acquiring nuclear weapons, emphasizing security over financial stability. International Business Times UK · May 6
Cotton Pulls Off Early Lows, Still Closes Lower on Wednesday Cotton futures closed the Wednesday session with contracts down 31 to 75 points. The US dollar index was $0.420 lower at $97.890. Crude oil was down $6.06 on the day following the US and Iran closing in on reaching a memorandum of understanding that would, among other things, allow for... Barchart · May 6
‘Sharks with laser beams’: The Joint Chiefs chairman just responded to Iran’s kamikaze dolphin reports with an Austin Powers quote Just when you thought you’d heard it all. We Got This Covered · May 6
Fertiliser shortages to have dramatic effect on food prices, says Duke of Westminster’s firm Mark Preston, of Grosvenor Group, who owns one of the UK’s leading farms, says knock-on effect of Iran war could arrive next year The Guardian - UK · May 6
Kraft Heinz’s new CEO wants food giant to focus on value: ‘Consumers are literally running out of money’ Steve Cahillane warned that new global conflicts like the war in Iran could fuel more inflation, at a time when past price increases have already hurt grocery sales The Independent UK · May 6
Morning Mail: Coalition’s ‘roadmap’ to slash immigration leaked, Trump’s new threat to Iran, Ted Turner dies US president says Tehran must accept a deal or face a new wave of bombing The Guardian - AU · May 6
US attacks Iranian ship after ‘failing to comply with blockade warnings’ IN FULL The Independent UK · May 6
Stock Surge on Robust Tech Earnings and US-Iran Peace Hopes The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +1.46%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.08%. June E-mini S&P futures (ESM26 ) rose +1.45%, and June E-mini Nasdaq futures... Barchart · May 6
Trump Cover-Up Allegations Erupt as Satellite Images Show Massive Iran War Damage A report suggests the Trump administration may have downplayed the extent of damage from Iranian strikes on US bases, raising transparency concerns. International Business Times UK · May 6
Trump leans on UFC fighter to support his Iran war stance: ‘We’re in good shape’ The president turned to fighter Justin Gaethje for his opinion on the state of the U.S. war with Iran during a hastily announced Oval Office setup to promote Trump’s June 14 ‘UFC Freedom 250’ birthday event on the South Lawn The Independent UK · May 6
Trump optimistic as U.S. awaits Iran's response to peace framework U.S. officials said they expect a response from Tehran in the next 24-48 hours. Axios · May 6
Nasdaq Jumps to New High on AMD Earnings: Stock Market Today Advanced Micro Devices was the latest chip stock to hit a home run with earnings. Kiplinger · May 6
Trump calls Iran war a ‘skirmish’ during Melania’s Mother’s Day military tribute IN FULL The Independent UK · May 6
Barchart · May 6 Hopes for an Imminent End to the US-Iran War Weigh on the Dollar The dollar index (DXY00 ) fell to a 2.5-month low on Wednesday and finished down by -0.45%. Optimism that a peace deal between the US and Iran is imminent weighed on safe-haven demand for the dollar on Wednesday. Also, Wednesday's -7% plunge in crude oil prices eases inflation expectations and...
Evening Standard · May 6 Trump says ‘bombing starts’ if Iran fails to reach deal, amid UK jobs warning The US president insists the conflict is ‘going very smoothly’ despite the global economic shock and spike in petrol prices.
Barchart · May 6 Crude Oil Prices Sink on Improved Iran Peace Prospects June WTI crude oil (CLM26 ) on Wednesday closed down -7.19 (-7.03%), and June RBOB gasoline (RBM26 ) closed down -0.1613 (-4.46%). Crude oil and gasoline prices plummeted on Wednesday, with crude falling to a 2-week low and gasoline sliding to a 1-week low. Optimism that a US-Iran peace deal...
International Business Times · May 6 U.S. Airlines Saw Jet Fuel Prices More Than Double In March As Iran War Raged U.S. airlines saw jet fuel prices more than double in March as the war in Iran raged on, according to new data from the U.S. government.
The Guardian - US · May 6 Uncertainty looms as last oil tanker from Middle East arrives in California With gas more than $6 in state, delivery of about 2m barrels is last planned shipment to pass through strait of Hormuz
The Independent UK · May 6 Voices: China has a chance to help the US and Iran find an off-ramp THE INDEPENDENT VIEW: Editorial: Washington and Tehran would both like to find a way out of this war – and Xi Jinping can do much to push the latter in that direction
The Independent UK · May 6 Donald Trump warns Iran: make a deal or bombing will resume at ‘higher level’ ‘If they don’t agree, the bombing starts,’ says president
The Guardian - US · May 6 Keep quiet ‘so we don’t go to jail’: the Israelis charged with bribery after suspicious bets placed on Iran strikes Authorities allege that Omer Ziv and an unnamed air force major used classified information to bet on the timing of military operations on Polymarket
The Independent UK · May 6 The Latest: US military fires on Iranian-flagged oil tanker as Trump presses for deal to end war A U.S. fighter jet on Wednesday fired on an Iranian oil tanker in the Gulf of Oman as it tried to breach the U.S. blockade of Iran’s ports, the U.S. military said
International Business Times · May 6 Israel Strikes Beirut After Almost a Month, Says It Targeted Hezbollah Commander Israel carried out its first attack in Beirut after almost a month amid a fragile ceasefire in the Middle East, the IDF said in a statement on Wednesday.
Euronews · May 6 Eight killed in Iran shopping centre fire as probe targets builder Eight people died and 36 were injured after a huge fire engulfed a shopping centre near tehran, prompting a criminal investigation.