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The Latest Breaking News from Iran

'You can expect prices to be high and stay high': Domestic airfare is skyrocketing faster than international flight costs, despite using less jet fuel

Jet fuel costs doubled over the course of the Iran war, but other factors are behind the rising domestic travel costs.

Fortune

Trump's 'Farcical' Iran War Just Destroyed America's Strongest Economic Weapon, Nobel Economist Warns

Nobel economist Paul Krugman warns that the Iran conflict is undermining US dollar dominance, prompting countries to explore alternative financial systems and reducing America's global economic leverage.

International Business Times UK

Iran say World Cup treatment ‘undermined the sense of fairness’ as team departs

Iran says their treatment “undermined the sense of fairness”, hours after an American official said he had “danced a happy dance” when they…

The National (Scotland)

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Japan the example to follow but this has been a dismal World Cup for Asia

Iran were treated badly while two countries were debutants, but Saudi Arabia and South Korea should have done better

The Guardian - UK

US job openings stayed at a surprisingly strong 7.6 million in May

Despite the economic fallout from the Iran war and soaring energy prices, the U.S. job market shows surprising strength. Job openings in May reached 7.6 million, exceeding expectations. Layoffs increased slightly, but job quits saw only a minor uptick, indicating continued worker confidence. This resilience marks a significant rebound from…

The Economic Times

Why is Dow Jones down while S&P 500 and Nasdaq up today, and will US stock market continue to witness mixed trends? Explained as Wall Street ends winning half of 2026 with mixed opening

Wall Street opened with mixed performance on the final trading day of the first half of 2026. While the Dow Jones slipped, the S&P 500 and Nasdaq posted gains. Investors continued to monitor artificial intelligence growth, oil prices, the US-Iran situation, inflation concerns, interest rate expectations, and the upcoming US…

The Economic Times

How oil turned the motors of capitalism: a history

The vulnerability of the world economy to oil prices was painfully visible in the first half of 2026 following the US and Israel war against Iran. The power of this commodity to upend economies has been apparent before. In his recently published book Crude Capitalism: Oil, Corporate Power, and the…

The Conversation

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London property market hit by Iran war as mortgage payments soar and thousands of homes left unsold

72% of properties listed for sale since January remain on the market as war in Iran and political uncertainty slows the housing market down

Evening Standard

‘Happy Dance’—U.S. Homeland Security Secretary Delights in Iran’s World Cup Exit

Both the U.S. and FIFA have attracted significant criticism from Iran representatives this summer.

Sports Illustrated

Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil market reacts to US-Iran talks, Strait of Hormuz developments and supply outlook

Oil prices posted gains during Tuesday's trading, but both Brent and US WTI crude futures remained on course for their biggest quarterly decline since 2020. Traders are watching US-Iran discussions, the Strait of Hormuz, global supply expectations, Iraq's crude pricing and analyst forecasts to understand where the oil market may…

The Economic Times

Iran's Intransigence

Plus: Rent freeze, conservatism, breadwinners by gender, and more...

Reason

'Hands off' Strait of Hormuz: Iran says foreign intervention will 'only complicate issues'

Iran has confidently declared its readiness to maintain order in the Strait of Hormuz, insisting that foreign intervention is unnecessary and could destabilize the region. Furthermore, discussions with the US, arranged by Qatar, are expected to focus on the existing interim agreement rather than on new negotiations for a final…

The Times of India

US-Iran thaw to provide tailwinds for growth: RBI

India's economic growth could get a boost from the Iran-US peace deal, according to the Reserve Bank's latest report. While the economy shows resilience, elevated commodity prices and a weaker global outlook pose risks. The central bank also flagged potential pressure on the fiscal deficit due to higher energy costs…

The Economic Times

European Inflation Will Likely Remain 'Significantly' Above Target Due To The 'Energy Price Shock,' ECB Official Warns

Joachim Nagel, the president of Germany's central bank, said inflation is at risk of staying above target despite the ceasefire between the U.S. and Iran.

International Business Times

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International Business Times UK

How China Cashed In on the Hormuz Crisis While the US and Iran Were Busy Fighting

The Strait of Hormuz crisis disrupted global markets, but China's strategic reserves and clean energy investments mitigated its impact, highlighting vulnerabilities in other Asian economies.

The Independent UK

Gas prices drop after Iran tensions ease, but Trump says retailers must cut more

IN FULL

The Independent UK

U.S. envoys arrive in Qatar for meetings on Iran amid tensions following weekend attacks

U.S. envoys arrived in Qatar for meetings with mediators working to negotiate an end to the war with Iran

The Independent UK

Top US government official ‘danced happy dance’ after Iran’s World Cup exit

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The Guardian - US

A generational shift is transforming the US-Israel relationship

The Iran war has accelerated the fraying of ties. An end to unconditional US support would force a reckoning with reality

The National (Scotland)

US security boss 'danced happy dance' after Iran eliminated from World Cup

THE US head of homeland security has said he "danced a happy dance" when Iran were eliminated from the World Cup.

International Business Times

Lingering Supply Risks Could Push Crude Higher Again Despite U.S.-Iran Ceasefire, Analysts Warn

Energy analysts are warning that the market may be underestimating the lingering risks of the Iran war to global oil supplies.

The National (Scotland)

Top US government official ‘danced happy dance’ when Iran made World Cup exit

Euronews

Iran's inflation spiral deepens as rial slides and tensions rise

As Iran's rial falls to record lows amid escalating military tensions in the Persian Gulf, a sharp rise in inflation is pushing up the cost of basic necessities, with low-income households and rural communities bearing the brunt of the crisis.

The Independent UK

Iran criticises ‘petty’ US security chief after he ‘danced a happy dance’ over team’s World Cup elimination

Markwayne Mullin, who heads the US Department of Homeland Security, says he revelled in Iran’s elimination from the tournament

The Guardian - UK

Nuclear weapons storage in spotlight as US plans $4bn boost for its UK airbases

Pentagon files suggest some new facilities will store nuclear arsenal, with $163m also earmarked for secretive spy base

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