The Latest Breaking News from Iran

First Thing: Trump says US will blockade strait of Hormuz after Iran peace talks fail

Tehran said the move would be a breach of the ceasefire. Plus, Viktor Orbán ousted in Hungarian election in blow to global far right

The Guardian - UK · Apr 13

Germany cuts fuel tax as oil prices surge on Iran blockade

Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?

Euronews · Apr 13

Investors are writing off any move from the Fed this month. Collapsing talks in Iran have sealed the deal

“It is too soon to identify potential second-round effects in inflation or labor markets,” cautioned UBS’s Paul Donovan.

Fortune · Apr 13

Middle class to be £480 worse off as Trump's Iran war drives up bills, says think tank

Rising fuel and energy costs driven by Middle East conflict are forecast to impact UK incomes, with middle earners hardest hit

Evening Standard · Apr 13

Business Brief (April 13): U.S. to Blockade Iranian Ports

Courier firms raise fuel surcharges amid surging oil prices, while Saudi Arabia reports damage to key energy facilities

Caixin Global · Apr 13

Trump says he ‘doesn’t care’ if Iran returns to peace talks after Islamabad negotiations collapse

Negotiations are at an impasse as both sides disagree on Strait of Hormuz and Tehran’s nuclear programme

The Independent UK · Apr 13

Donald Trump says AI-generated image of himself as Jesus after attack on Pope was 'me as a doctor'

UK health minister rejects Trump’s claim his Jesus-like image was ‘meant to be me as a doctor’

Evening Standard · Apr 13

'Ready to play full part': France, UK plan joint mission to protect Hormuz shipping route

France and the UK will jointly lead a multinational initiative to restore free and secure navigation in the Strait of Hormuz amid rising US-Iran tensions. This strictly defensive mission aims to safeguard maritime traffic through the strategic waterway, separate from ongoing hostilities, and will be deployed when conditions permit.

The Times of India · Apr 13

Stocks Set to Open Lower as Oil Prices Top $100 After U.S.-Iran Talks Collapse, Big Bank Earnings Awaited

June S&P 500 E-Mini futures (ESM26) are down -0.62%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.64% this morning, pointing to a lower open on Wall Street as oil prices jumped back above $100 a barrel after President Trump ordered a blockade of the Strait of Hormuz following…

Barchart · Apr 13

Pope Leo hits back at Trump after president launched scathing attack

Pope Leo XIV defended the Vatican's appeals for peace and reconciliation as rooted in the Gospel, stating he does not fear the Trump administration, following President Trump's criticism. President Trump launched an extraordinary broadside against Pope Leo XIV, calling him "liberal," "weak on crime," and "terrible for Foreign Policy," particularly…

The Independent UK · Apr 13