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The Latest Breaking News from the Iran war

'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

India plans to cut reliance on Middle East oil, tap spot market after war shock

India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana,…

The Economic Times

Israel’s ‘campaign between the wars’: How strategy to contain Iran and its allies risks further straining ties with US

A lot hangs on whether the United States can compel Israel to cease operations against Hezbollah in Lebanon. After all, an end to the Israeli military offensive was a key provision of the broad U.S.-Iran agreement setting out a road map to end the Iran war.

The Conversation

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Why Did Congress Vote To End the Iran War After It Finished?

Democrats and Republicans alike dragged out the process to vote on the Iran war. Antiwar advocates say their vote still matters.

Reason

EVs Are Big Winners of the Iran War—Just Not American Ones

The Iran war's oil shock highlights a global energy divide: Record U.S. oil production insulates domestic markets while global EV adoption rapidly accelerates.

MarketBeat

Goldman Sachs Flags Three Major Threats To Southeast Asia's Food Supply

Food supply pressures in Southeast Asia are drawing renewed attention as higher energy prices linked to the Iran war, rising fertilizer costs and concerns surrounding El Niño add strain to agricultural markets across the region.

International Business Times

Iran war triggers global race to build oil reserves

Vulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push for reserves could add half a billion barrels of demand. Countries like India and Pakistan are prioritizing stockpiles, learning from China's successful strategy of reducing imports during supply…

The Economic Times

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'She wants to be friends again': Trump repeats Meloni asked for photo 'over and over' at G7

Trump, apparently miffed by being given a cold shoulder by European allies during the Iran war, said Meloni's popularity has taken a dip ever since she refused the US access to Italy's landing strips or runways, which caused "a great logistical inconvenience" to American operations. The remarks came after Meloni…

The Times of India

Donald Trump Shock: New Poll Finds 59% Of Americans View POTUS As A 'Dangerous Dictator'

A new PRRI poll finds 59% of Americans now view President Donald Trump as a 'dangerous dictator' whose power must be limited, reflecting deep concern over his handling of the Iran war and presidential authority.

International Business Times UK

Pentagon tells US lawmakers it needs $80 billion for Iran war and other bills, WSJ reports

The US Defense Department requires eighty billion dollars to cover expenses from the Iran war and other non-war related bills. A larger funding request, including aid for farms and disaster relief, is expected soon. The Iran war has already cost approximately twenty-five billion dollars.

The Economic Times

Inside the chaotic Iran talks that let Trump claim victory, but not yet peace

President Trump announced the end of the Iran War and the reopening of the Strait of Hormuz, following intense Qatari mediation. Despite Israeli airstrikes threatening the talks, a framework deal was reached, promising Iran sanctions relief and financial aid in exchange for nuclear commitments. Trump later signed the agreement in…

The Economic Times

'Sometimes Trump and I don't see eye to eye': Netanyahu admits fallout with US president over Iran deal

Israeli PM Benjamin Netanyahu expressed his differences with the US President Donald Trump, saying that there were times when the two cannot see "eye to eye". The public fallout between the two was visible during the Iran deal, especially when the US president was attempting to make a peace deal…

The Times of India

Bernie Sanders Is Wrong About Trillionaires

Plus: the Supreme Court's biggest pending decisions, renewed court-packing debates, and the economic fallout from the Iran war

Reason

The Iran War Is Over, For Now

The U.S. and Iran have moved to the next stage of the peace process. Hawks on all sides are terrified that it will succeed.

Reason

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AAP

Tentative deal on ending the Iran war sends stocks soaring, oil prices to lowest levels in months

Markets on Wall Street were poised to follow global markets sharply higher after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz, while oil prices fell close to $5 a barrel

Barchart

2 Turnaround Defense Stocks Hiding in the ITA ETF Tell a Very Clear Story: The Iran War May Not Be Over

My favorite ETF analysis process tells me the mainstream media is missing the real story with the Iran War.

The Independent UK

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

Euronews

ECB raises interest rates for the first time in three years as Iran war fuels inflation

The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.

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The Independent UK

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war

The Independent UK

UK ‘missing in action’ as Iran war hits farmers around the world

Millions of smallholder farmers supplying the UK are being squeezed by climate change and the Iran war — while the government is over two months overdue on announcing supply chain oversight rules that would help them

International Business Times

Iraq Also Intensifying Work To Reroute Exports Away From Strait Of Hormuz As Blockade Continues

Iraq and the United Arab Emirates are both intensifying plans to expand pipelines and avoid depending on the Strait of Hormuz as the blockade of the key waterway resulting from the Iran war continues.

France 24

Trump storms out of NBC interview after denying his own 'No War' promises

US President Donald Trump stormed off from his interview for NBC's "Meet the Press" at the weekend, after he was fact-checked on his false claims about election fraud by reporter Kristen Welker. She also asked him about the Iran war, his controversial "anti-weaponisation" fund and the cost of living, though…

The Economic Times

ECB to hike rates as Mideast war pushes up inflation

The European Central Bank is poised to raise interest rates for the first time in two and a half years, driven by escalating inflation fueled by the Iran war's energy shock. Despite concerns about slowing growth, the ECB aims to reassure markets by tackling rising consumer prices, which have surpassed…

International Business Times UK

Trump Niece Warns MAGA Enablers Will Abandon President After Exposing Bottomless Family Con on New Podcast

Mary Trump argues that the Iran war has exposed Donald Trump's self-myth as fiction, criticising his decision-making and highlighting the role of enablers in his administration.

The Independent UK

How Americans are adjusting their spending habits as cost of living soars

The U.S. Commerce Department reported last week that the growth in Americans' spending in April was primarily driven by higher prices, not an increase in purchases

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