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The Latest Breaking News from the Iran war

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.

Euronews

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

The Independent UK

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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.

International Business Times

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…

France 24

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…

The Economic Times

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.

International Business Times UK

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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

The Independent UK

Israel Sent Elite Units Into Azerbaijan And Had Presence In Other Countries During Iran War: Report

Israel covertly deployed military and intelligence units inside Azerbaijan during the Iran war, providing them with valuable intel into northern Iran, CNN reported.

International Business Times

Fiscal 2027 NDAA approved by House Armed Services Committee

The House Armed Services Committee approved its fiscal 2027 National Defense Authorization Act late Thursday after a series of politically charged debates about the Iran war, Pentagon acquisition rules, defense spending and vestiges of the Confederacy in the military. After contending with about 900 amendments over the course of 14…

Roll Call

Global airline chiefs to confront Iran war fuel shock at industry summit

Airline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. This is forcing airlines to raise fares and cut routes. Experts predict a downgrade to profit forecasts. Aircraft delivery delays and climate goals also present challenges. The…

The Economic Times

US job openings climbed to 7.6 million in April despite economic fallout from the Iran war

U.S. job openings jumped in April as the labor market looked resilient despite economic uncertainty caused by the Iran war

The Independent UK

China's factory activity flatlines in May casting doubt over the economy

China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions.

Euronews

Crisis as credibility test: How the UAE’s response to the Iran-Israel conflict could shape its next decade as a global residency hub

The UAE's promise of a safe haven faces its biggest test amid the Iran conflict. Despite heightened tensions, daily life remains stable, showcasing robust security and a 'people first' approach. This resilience reassures global investors and Indian families, solidifying the UAE's position as a trusted, crisis-proof hub for wealth and…

The Economic Times

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The Economic Times

Europe's green jet fuels see upside in Iran war

Europe is looking at synthetic jet fuel to reduce reliance on foreign oil. The Iran war has made this cleaner fuel more attractive. While production is currently limited, new factories are needed to meet future targets. Defence forces are showing interest, potentially providing a much-needed boost for investment in this…

International Business Times UK

Desperate British Retailers Suffer Sudden Private Sector Contraction As Struggling Families Pull Back Spending

The government reported troubling findings for the fashion industry last month, with the Iran war and rising current and future energy costs driving up pressure on production and supply chains.

The Economic Times

America fired 1,000 Patriot missiles but replaced only 172: Is the US missile stockpile crisis leaving Ukraine, Taiwan, and America vulnerable until 2029?

The US missile stockpile crisis is now exposing a deeper global defense weakness as America fired more than 1,000 Patriot interceptors but replaced only 172 during the Iran war. Pentagon missile reserves are shrinking fast. Patriot missile shortages are now affecting Ukraine and Taiwan at the same time. Defense experts…

The Conversation

Somali piracy is back – fuelled by political turmoil, aid cuts and the Iran war

On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in north-eastern Somalia.

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The Conversation

South Africa’s fuel supply and the Iran war: data black holes and low strategic stock put the country at risk

The supply of crude oil to the world had been reduced by about 7.5% to 10.1% by March 2026 in what the World Bank described as the largest oil market disruption in history. The fall was a result of the attacks on Iran by Israel and the US and the…

Reason

Does Reporting Bad News About the Iran War Make You a Foreign Agent?

The Trump administration invokes the notoriously vague FARA to threaten a critic.

France 24

Iran war drives India’s cockroaches out, but can Modi crush them?

When an Indian student at a US university used AI to create the “Cockroach Janta Party (CPJ)”, a parody political party, it sparked a viral sensation, hitting the zeitgeist in a country that has been particularly affected by the Iran war. As India's youth circumvent bans to express their economic…

Euronews

Zelenskyy sent letter asking Trump for Patriot air defence munitions, adviser confirms

The Iran war, which saw US allies expend huge quantities of air defence ammunition protecting sites in the Gulf, has exacerbated a shortage Ukraine has faced since the start of the war.

AAP

Falling fuel prices bolster hopes for RBA rate reprieve

A cut in the fuel excise caused annual headline inflation to fall, but the underlying impulse for price pressures is still gathering steam.

Euronews

Do German holiday destinations benefit from the Iran war?

A rise in bookings is expected above all on the North Sea and Baltic coasts, said CDU politician Christoph Ploß, the federal government’s tourism commissioner.

Salon

Veterans see the war’s silver lining

The widespread opposition and mobilization against the Iran war offers hope

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