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The Latest Breaking News from Iran

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

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

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

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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

Trump calls Iran war a ‘skirmish’ during Melania’s Mother’s Day military tribute

IN FULL

The Independent UK

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...

Barchart

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.

Evening Standard

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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...

Barchart

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.

International Business Times

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 Guardian - US

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

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 Independent UK

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 Guardian - US

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

The Independent UK

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International Business Times

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

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.

The Independent UK

Melania Trump opens Mother’s Day military tribute with reminder of deaths from husband’s Iran war

President Donald Trump used his turn at the podium to boast about the Iran war, his Cabinet and first lady's Amazon movie

Barchart

Cotton Trading Off the Lows, but Still Lower at Midday

Cotton futures are trading with 62 to 188 point losses in the front months on Wednesday. May expires at the close. The US dollar index is $0.405 lower at $97.905. Crude oil is down $6.71 at midday following the US and Iran closing in on reaching a memorandum of understanding...

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The Independent UK

Why gasoline costs 52% more in the US than it did before the Iran war

The price of a gallon of regular gasoline in the U.S. has climbed 31 cents in the past week and is now 52% higher than before the Iran war began

The Independent UK

Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen

With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war

The Independent UK

Military dolphins are a real thing. Here’s what to know about them

Dolphins have the most sophisticated sonar known to science

The Guardian - UK

Oil prices fall as Trump says strait of Hormuz ‘open to all’ if Iran accepts deal

US president says war will end if Tehran agrees to deal, but that ‘bombing starts’ again if it does not

The Times of India

UK moves to curb antisemitic attacks: 14-year sentences planned for foreign-backed crimes

Britain is taking bold steps to combat foreign-backed violence with new, tougher laws. Courts can now hand down sentences of up to 14 years for those who, even unknowingly, serve the interests of hostile nations. This legislation arises in response to alarming trends, particularly the Iranian efforts to enlist criminals…

The Independent UK

Bulletin world briefing: Israel ‘not aware’ of Trump being close to peace deal with Iran

Israel ‘not aware’ of Trump being close to peace deal with Iran Passenger numbers at Dubai airport fall 66 per cent amid Iran war Family of four in India die mysteriously after eating watermelon North Korea updates constitution to drop references to unity with South Why a nightclub in Mexico…

Evening Standard

Stocks soar and oil sinks on fresh peace deal hope

The FTSE 100 closed up 219.55 points at 10,438.66.

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