The Latest Breaking News from Iran

Iran-US war latest: Trump pauses plan to escort ships through Strait of Hormuz citing ‘great progress’ toward Tehran deal

Trump said ‘Project Freedom’ would be paused ‘for a short period of time’

The Independent UK · May 5

Aussie shares trim losses but higher rates here to stay

The Australian share market fell to a four-week low ahead of an expected interest rate hike, a clear RBA majority decision pointing to higher rates for longer.

AAP · May 5

Trump news at a glance: Middle East tensions back to the brink with president’s new threats against Iran

US launched operation Monday to help hundreds of ships trapped with their crews in Gulf – key US politics stories from Monday 4 May at a glance

The Guardian - US · May 5

'You could say the ceasefire has ceased': Iran is back on Wall Street's radar as oil prices spike 6%

The U.S. and Iran traded shots, while the UAE was slammed by drone strikes.

Fortune · May 4

Trump threatens to blow Iran ‘off the face of the earth’ if it attacks US vessels

US launched an operation on Monday in the Gulf, dragging the region back to the brink of full-scale war

The Guardian - US · May 4

Dow Drops 557 Points as Iran Tensions Ramp Up: Stock Market Today

Wall Street is worried about re-escalating tensions in the Middle East.

Kiplinger · May 4

Stocks Fall And Oil Surges As Tensions Flare Up In The Strait Of Hormuz

Stocks fell and oil jumped on Monday as tensions flare up again around the Strait of Hormuz.

International Business Times · May 4

U.S. Economy Could Face Demand Destruction Over Continued Economic Impact Of Iran War

A new report claimed that the continued impact of the Iran war will put the U.S. economy through demand destruction, a process in which prices rise so sharply that households and businesses are forced to change how they spend, work, travel, and invest.

International Business Times · May 4

UAE Reports Iranian Drone Strike on Key Oil Port as Tensions Escalate in Strait of Hormuz

Iran's state media, however, cited an unnamed official saying Tehran had "no plans to target the UAE"

Latin Times · May 4

Dollar Rises as Iran Tensions Escalate

The dollar index (DXY00 ) on Monday rose by +0.25%. The dollar moved higher on Monday amid an increase in safe-haven demand after WTI crude oil prices surged more than +4% due to the escalation of tensions in the Middle East. Also, Monday’s better-than-expected US March factory orders report supports...

Barchart · May 4