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The Latest Breaking News from the Iran war

Price shocks from the Iran war power solar sales in energy-hungry Asia

Panicked consumers in hard-hit Asia are turning to rooftop solar power as costs climb due to the Iran war

The Independent UK

US ambassador to Israel says Israel sent Iron Dome batteries, personnel to UAE to defend country

Israel has sent Iron Dome anti-missile batteries and personnel to the United Arab Emirates to defend the country during the Iran war

The Independent UK

How Much Has the Iran War Actually Cost? A Lot More Than $25 Billion.

Direct military costs have exceeded $70 billion by one estimate, and Americans have paid more than $37 billion in higher energy costs since the war began.

Reason

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Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war

Southeast Asian leaders are meeting under pressure to mitigate the impact on their people and economies of the Iran war, which one top minister says, “should not have occurred in the first place.”

The Independent UK

Iran war has become a lesson in how power really works

For months, the Iran war was framed through the language of military success. This was shaped in part by longstanding orientalist assumptions reflected in the rhetoric of leaders such as Donald Trump and Benjamin Netanyahu about the relative weakness and fragility of states such as Iran.

The Conversation

West Point military competition tests future soldiers, in photos

Amid the Iran war, tensions with European allies in NATO and the Russia-Ukraine war, the United States Military Academy held its 59th Sandhurst Military Skills Competition. Across 36 hours, a mix of international and U.S. military cadet teams competed in a variety of skill-based competitions, based on the needs of…

The Independent UK

Shell profits surge as Iran war drives oil prices higher

Europe’s biggest energy company reported a jump in first-quarter profits as the war involving Iran and the effective closure of the Strait of Hormuz pushed oil and gas prices higher.

Euronews

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Gas price surge hits lower-income Americans the hardest, research shows

This trend has exacerbated existing economic disparities across the nation

The Independent UK

The Iran war's oil shock causes a plastic shortage in Asia, squeezing industries and prompting a 'Middle East plus one' rethink of supply chains

South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.

Fortune

Spirit Airlines Says 'Recent Geopolitical Events' Leading To Fuel Spikes Led It To Shut Down

Spirit Airlines said in a court filing that the spike in oil prices resulting from the Iran war played a key role in its decision to cease operations.

International Business Times

Spirit Airlines Shutdown Has Nothing to Do With Biden? Source Claims Geopolitical Events Started by Trump is to Blame

Spirit Airlines ceased operations due to geopolitical tensions and antitrust issues. The closure, linked to the Iran war and a blocked JetBlue merger, left employees and customers in uncertainty.

International Business Times UK

Japan and Australia agree to deepen cooperation on energy, defense and critical minerals

Japanese Prime Minister Sanae Takaichi met Australian Prime Minister Anthony Albanese have agreed to deepen cooperation in areas including energy security, defense and critical minerals as the Iran war threatens global supply chains

The Independent UK

CNN pundit calls for talking head Scott Jennings to be fired after F-bomb meltdown at 23-year-old reporter on air

The dispute began on Thursday during an on-air debate about the Iran war

The Independent UK

Fuel Costs Soar for Air France-KLM as Middle East Conflict Triggers Urgent $2.4 Billion Budget Warning

European airline group Air France-KLM has raised prices as fuel costs surge amid the Iran war, while warnings from the International Energy Agency highlight fears Europe could face jet fuel shortages within weeks.

International Business Times UK

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Euronews

Fertiliser crisis caused by Iran war sparks global food security fears

The Iran war and the consequent blockade of the Strait of Hormuz has triggered a severe "fertiliser squeeze" as soaring energy costs and export disruptions push farmers' affordability to a four-year low.

The Independent UK

Workers around the world demonstrate on May Day, in photos

People across Asia kicked off May Day with large marches and protests as many workers grapple with rising energy costs and shrinking purchasing power tied to the Iran war. Also known as International Workers’ Day or Labor Day, the holiday highlights the struggles and achievements of workers worldwide. Thousands are…

International Business Times UK

F1 Returns in Miami as Middle East War Break Forces Five Week Hiatus, Historic Mid Season Regulation Tweaks

F1 returns from a five week intermission due to the Iran War and with thunderstorms, upgrades, and rule changes we could be in for a very unpredictable weekend.

The Independent UK

Inflation hits 3% in Europe as Iran war spreads oil price shock

Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April

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GOBankingRates

I Asked Investing Experts Where To Put My Money During the Iran War: Here’s What They Said

From Magnificent 7 stocks and shipping exchange-traded funds to Treasurys and gold, see where experts suggest investing amid Iran war market uncertainty.

Euronews

French growth stalls as Iran war energy shock hits economy

France's first-quarter data shows slowed growth, rising prices and collapsing exports, laying bare how quickly the Iran war's energy shock is feeding through to Europe's second-largest economy.

The Independent UK

The Bank of England is expected to keep interest rates on hold as it weighs the impact of Iran war

The Bank of England is expected to announce it's keeping interest rates on hold as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes in peacetime

The Independent UK

China’s factory activity expands for a second month despite shocks from the Iran war

Surveys show China's factory activity expanded for a second month in April

AAP

Treasurer downplays property tax windfall from budget

Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing and the capital gains tax discount will add to the budget.

Motorsport

What happened during F1’s April break, team by team

As the Iran war caused the cancellation of the Bahrain and Saudi races, F1 teams and drivers found themselves with a five-week break on their hands. Here’s how they made the most of it

The Independent UK

Barclays is first bank to bring back sub-4% mortgage deal – but it’s not for everyone

Hundreds of sub-4 per cent products were removed from the market as swap rates shot up during the Iran war

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