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The Latest Breaking News from Iran

Trump Faces Fresh Iran Challenge as Tehran Says Strait of Hormuz Is Under 'Iranian Command'

Iran’s Deputy Foreign Minister for Legal and International Affairs, Kazem Gharibabadi, said on Thursday that the Strait of Hormuz is under Tehran’s command following a U.S. Central Command (CENTCOM) security summit in Bahrain.

Benzinga

Economic impact of Iran war not as big as feared, Treasury insiders will say - but Burnham still faces major defence black hole

Despite the boost, Mr Burnham is still set to face a vast number of difficult decisions, including filling a black hole in the government’s defence plans worth up to £15bn

The Independent UK

FACT FOCUS: Iran claims a foreign ship got stuck in Strait of Hormuz. But it is tied to Tehran

Iranian state television claimed this week that a foreign ship got stuck in the Strait of Hormuz after ignoring instructions to use a route laid out by the Islamic Republic’s paramilitary Revolutionary Guard

The Independent UK

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Stock Market Today: Dow Jones, S&P 500 Futures Gain Despite Weak June Jobs Data — CoreWeave, Nebius, Micron, Franklin Covey In Focus (UPDATED)

(Editor’s note: The lede, headline, ETFs and economic data have been updated.)

Benzinga

England’s World Cup win gives economy welcome boost

Pubs on the up, but business confidence remains low

The Independent UK

Iran's Leadership Confronts Rising Domestic and International Pressures

Iran's leadership faces economic difficulties, regional tensions, and diplomatic uncertainty. President Pezeshkian's government seeks to balance economic reform with national security amid growing public and international pressures.

International Business Times UK

Iran warns oil tankers to use approved routes in Strait of Hormuz or face a ‘forceful response’

Iranian deputy foreign minister has asserted that Strait of Hormuz is ‘under Iran's command’

The Independent UK

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Oil prices dip to level not seen since before the Iran war – here’s why

IN FULL

The Independent UK

Manchester Airport and London Stansted group sees drop in passenger growth

Manchester Airport Group (MAG), which also owns East Midlands Airport, reported full-year passenger growth of 1.9%, down from 6% the previous year.

Evening Standard

Oil prices fall to pre-war levels as Strait of Hormuz shipping slowly recovers

Tanker traffic through Hormuz has begun to recover, though vessel movements remain well below pre-conflict levels

The Independent UK

US-Iran indirect talks to resume after Khamenei funeral

DOHA, Qatar - The next indirect US-Iran talks will come after the funeral for the late supreme leader of Iran, mediators said on Thursday, as diplomacy inches ahead on ending the Middle East war.

Bangkok Post

Trump Hails S&P 500's Best Quarter Since 2020 as US-Iran Indirect Talks Wrap Up

The U.S. stock market has closed out its most profitable quarter in six years, a milestone celebrated by President Donald Trump as indirect negotiations between the United States and Iran wrapped up in Qatar, easing global energy supply fears.

Benzinga

PDP chief Mehbooba Mufti to pay final tribute to Ayatollah Khamenei after receiving invitation from Iran

Mehbooba Mufti, president of the Peoples Democratic Party, is set to visit Iran to pay her respects at the funeral of Supreme Leader Ayatollah Ali Khamenei, following an invitation from his office. This invitation underscores the long-standing and strategic relationship between Iran and India. Mufti regards this as a significant…

The Economic Times

Iran's unsold oil piles up at sea as buyers stay wary

Iran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening its negotiating position. Weak demand from China, its primary buyer, and lingering sanctions concerns are major hurdles. While some oil has been discharged in China, India remains…

The Economic Times

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The Independent UK

Iran-US war latest: Tehran warns Trump and Israel not to attack during Ayatollah Khamenei funeral

Iran said any attacks would be met with a ‘harsh retaliation’

The National (Scotland)

America’s treatment of Iranian team shames Fifa and Trump’s fetid regime

Most football fans would agree, I’m sure, that the 2026 World Cup has, thus far, been a pleasure to watch

The Economic Times

Iran rejects US-led Gulf security summit, says Hormuz is under its command

Iran has sharply criticized a US-led security summit in Bahrain, asserting that the Strait of Hormuz falls under Tehran's command, not American authority. Deputy Foreign Minister Kazem Gharibabadi dismissed the summit's legitimacy, stating that regional security must be managed by neighboring states without foreign military intervention. The meeting, attended by…

The Economic Times

Sensex jumps 580 points, Nifty closes above 24,150 as IT stocks outperform; oil prices near $70/barrel

Indian equity benchmarks rallied over 0.7% as easing crude oil prices, lower market volatility, and gains in IT stocks lifted sentiment. Analysts expect the market to remain supported by global macro developments, the India–Japan Summit, US jobs data and the upcoming corporate earnings season.

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France 24

Iran warns US, Israel against attacks ahead of Khamenei’s funeral

Iran on Thursday warned the US and Israel against any attack against the country as it prepares for the state funeral of Ayatollah Ali Khamenei, who was killed ‌in an Israeli strikes on the first day ⁠of the war. Funeral commemorations begin ‌on July 4 in Tehran and conclude on…

The Times of India

Khamenei's body in cold storage since February: Why Iran fears another funeral disaster as former Supreme Leader awaits burial

Iran is meticulously planning Ayatollah Ali Khamenei's funeral to prevent the deadly crowd surges that marred previous burials. Lessons learned from the chaotic funerals of Ayatollah Khomeini and General Qasem Soleimani are shaping extensive security measures, including potential helicopter deployment and cross-border coordination with Iraq. The aim is to ensure…

The Independent UK

AP Was There: Millions of mourners attended funeral of Iran's Ayatollah Ruhollah Khomeini

On June 6, 1989, millions of Iranians turned out in the streets to bury Ayatollah Ruhollah Khomeini, who had led the 1979 Islamic Revolution

Euronews

US-Iran parallel talks in Qatar end with pledge to keep talking

Holding separate meetings in Qatar, the US and Iran made progress and agreed that the next meeting would be after Khamenei's funeral, host Qatar confirmed.

Benzinga

Trump Says Iran Talks 'Going Well'; Oil Falls to Nearly $67 While South Korea's KOSPI Slides More Than 5%

On Wednesday, President Donald Trump’s upbeat assessment of U.S.-Iran negotiations weighed on oil prices and shaped global market sentiment, even as Asian equities tumbled sharply.

The Economic Times

Oil Price Today (July 2): Crude oil at $70, falls for 2nd session as US-Iran talks progress. Worst over?

Brent crude futures fell 80 cents, or 1.09%, to $70.80 a barrel, while U.S. West Texas Intermediate crude declined 90 cents, or 1.28%, to $67.75 a barrel. In the previous session, both benchmarks had dropped more than 1%, settling at their lowest levels in four months.

The Economic Times

Oil falls after US, Iran talks conclude in Doha

Oil prices dipped as Qatar reported positive progress in indirect Iran-U.S. talks concerning the vital Strait of Hormuz. Despite recent exchanges, tanker traffic is recovering, with U.S. officials noting a return to pre-war levels. This, coupled with anticipated OPEC+ output hikes and a smaller-than-expected draw in U.S. crude inventories, is…

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