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The Latest Breaking News from Iran

Iran says 'low' possibility of return to war with US

Iran's Revolutionary Guards are cautiously optimistic about avoiding war with the US but remain vigilant against potential threats. With peace talks not moving much on pivotal matters like the Strait of Hormuz and nuclear program discussions, the geopolitical climate is tense, though.

The Economic Times

US will need years to replenish stockpiles of advanced weapons used in Iran war, new analysis finds

U.S. military contractors will need at least three years to replenish stockpiles of three key weapons systems used in the Iran war

AAP

'The internet is not connected' — Iran's 88-day blackout begins to lift, but traffic remains under 50%

Internet in Iran is partially restored. But experts aren't ready to celebrate yet, warning that "it's too early" to say that the longest shutdown the country has ever recorded is over.

TechRadar

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Oil Prices Drop On Report That U.S.-Iran Deal Would Reopen Hormuz Strait For Commercial Shipping Within a Month

Oil prices dropped on Wednesday following a report claiming that a deal between the U.S. and Iran would see the reopening of the Hormuz Strait for commercial shipping with a month.

International Business Times

US will need years to replenish stockpiles of advanced weapons used in the Iran war, analysis finds

U.S. military contractors will need at least three years to replenish stockpiles of three key weapons systems used in the Iran war

AAP

US military weapon shortage from Iran war leaves America vulnerable to China conflict

This vulnerability comes as China has set a goal of being capable of taking Taiwan by force by 2027

The Independent UK

Escalation in Iran

Plus: NDAs for federal employees, standardized test standards slipping, SpaceX IPO, and more...

Reason

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Iran Reportedly Receives Draft For U.S. Deal That Would Restore Commercial Shipping Through Hormuz Strait Within a Month

A new draft to end the war between the U.S. and Iran would see commercial shipping through the Strait of Hormuz restored within a month, according to a new report.

International Business Times

Republican lawmaker shredded for saying ‘President Trump’s regime’ live on air

Several social media users joked that the Republican lawmaker had made a ‘Freudian slip’ live on air

The Independent UK

Israeli military tells residents of swathe of southern Lebanon to leave

Notice to evacuate ‘combat zone’ and head north comes day after Israel launched more than 120 airstrikes on country

The Guardian - UK

Rubio Says Deal With Iran Could Take a 'Few More Days' After Hormuz Flare Up

Secretary of State Marco Rubio said a deal with Iran could take "a few more days" as negotiations continue after a flare up at the Strait of Hormuz on Monday.

International Business Times

Elon Musk Claims US Military Used Starlink In Suicide Drones Against SpaceX Rules

Elon Musk alleges the US military misused SpaceX's Starlink system in drones during the Iran conflict, sparking a pricing dispute with the Pentagon over the Starshield satellite service.

International Business Times UK

Elon Musk's SpaceX Reportedly Raised Pentagon Starlink Costs During Iran War

Elon Musk's SpaceX clashed with the Pentagon over a sharp increase in Starlink satellite service costs during the U.S. war with Iran, according to a report that triggered political blowback.

Latin Times

US forces to withdraw from Iran's vicinity, lift naval blockade, says state media citing draft deal

For India and other major energy importers, any agreement leading to normalisation in Hormuz traffic could ease concerns over supply disruptions and crude price volatility. The waterway remains one of the world’s most critical energy chokepoints, making developments in the negotiations closely watched by global markets.

The Economic Times

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The Economic Times

Iranian missile likely involved in attack on ship in Strait of Hormuz, South Korea says

South Korea's Foreign Ministry stated an Iranian anti-ship missile was likely involved in an attack on a HMM cargo ship in the Strait of Hormuz. Debris analysis revealed components similar to Iranian-made turbojet engines and warheads resembling Iranian missiles. Iran's ambassador denied any involvement in the incident.

The Independent UK

South Korea says ship attacked in Strait of Hormuz likely hit by Iranian missile

The ship named Namu was attacked twice on May 4

The Independent UK

Rachel Reeves urged to ‘act now’ to save poorest from pain of rocketing winter energy bills

Donald Trump’s Iran war is blamed for continued volatility in global energy markets, which has led to higher wholesale gas prices

The Guardian - UK

First Thing: Trump-backed Ken Paxton ousts John Cornyn in Texas primary

Paxton’s win, despite scandals, signals president’s enduring grip over state. Plus, one sex educator on why she doesn’t define sex at all

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The Independent UK

Why Pakistan might need to reprint all passports if it does what Trump asks

Trump’s push to make it ‘mandatory’ for Muslim countries to recognise Israel throws Pakistan’s role as mediator in Iran talks into question

The Conversation

Art in exile on show at London’s Iranian Contemporary Art Biennale

With Iran’s official cultural presence on the international stage increasingly uncertain, the 6th Iranian Contemporary Art Biennale in London, With My Roots, carries significance that extends well beyond the gallery walls.

Euronews

IRGC warns Iran's coast will become a 'graveyard' if US strikes resume

An IRGC Navy official threatened to turn Iran's entire Gulf coastline into a killing ground if the US resumed strikes, even as negotiators reported the two sides were closer to an initial agreement than at any point since the April ceasefire.

The Independent UK

How UK households are paying the cost of Trump’s Iran war – with big energy bill increases on the horizon

Petrol, food and even your home could all cost significantly more this year

Barchart

Stock Index Futures Climb on AI Optimism and U.S.-Iran Peace Deal Hopes

June S&P 500 E-Mini futures (ESM26) are up +0.36%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.56% this morning as optimism surrounding artificial intelligence and hopes for a U.S.-Iran peace deal boosted sentiment.

The Economic Times

What should you do with your gold investments amid delay in US-Iran deal, high oil prices and inflationary concerns

Gold prices on MCX slipped amid rising geopolitical tensions, elevated crude oil prices and inflation concerns linked to the delayed US-Iran deal. Experts advise investors to avoid panic selling and instead hold or accumulate gold in phases during dips. Financial gold options like ETFs and mutual funds are preferred. Analysts…

International Business Times

Potential U.S.-Iran Deal Could Reshape Global Oil Trade After Months Of War: Report

The conflict has disrupted global energy flows, pushed oil prices higher and renewed concerns about the security of one of the world's most important shipping routes.

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