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The Latest Breaking News from Iran

The U.S. Government's Shifting Excuses for Bombing a School in Iran

The Trump administration has come up with contradictory reasons to avoid admitting to an obvious, terrible mistake.

Reason

Cotton Back to Mixed Trade at Wednesday’s Midday

Cotton futures are trading with contracts down 53 points to 3 points higher in the front months. The US dollar index is $0.211 higher at $99.055. Crude oil losses of $6.27 is adding pressure as US and Iran negotiations are reportedly in the final stages. The Cotlook A Index was...

Barchart

Corn Facing Crude Oil Pressure on Wednesday

Corn futures are trading with 10 to 11 cent losses in the front months on Wednesday. The CmdtyView national average Cash Corn price is down 10 3/4 cents to $4.24 1/4. Crude oil losses of $6.27 is adding pressure as US and Iran negotiations are reportedly in the final stages....

Barchart

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Iran's threat to Hormuz submarine cables

Iran's Revolutionary Guard Corps has threatened to impose permits on submarine fiber-optic cables passing through the Strait of Hormuz. This move could disrupt global data flow, impacting financial transactions and government communications. While some countries have alternative routes, Qatar, hosting a key cable terminal, faces significant impact. Repairing damaged cables…

The Economic Times

Donald Trump just told struggling Americans to suck up the gas prices. His one-word description of their pain has them wondering whose side he’s on

The man has never filled a tank with gas in his life.

We Got This Covered

M&S in fashion as stocks climb amid fresh hopes of US-Iran peace deal

Investors in London were also digesting better-than-forecast UK inflation figures.

Evening Standard

Bank of England governor says food price freezes are ‘unsustainable’

The Iran conflict has been the ‘dominating change in the landscape’ for the economy, Andrew Bailey said

The Independent UK

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We may have cut interest rates twice this year if not for Iran war – Bank chief

Bank of England governor Andrew Bailey told MPs on the Treasury Committee that a rate cut had been taken off the table following the conflict.

Evening Standard

RFK Jr’s daughter-in-law leaves two of her government jobs over Iran war: report

Amaryllis Fox Kennedy previously managed her father-in-law’s presidential campaign

The Independent UK

Crude Oil Prices Tumble on Hopes the Iran War Could Soon End

July WTI crude oil (CLN26 ) today is down -4.43 (-4.25%), and July RBOB gasoline (RBN26 ) is down -0.1264 (-3.54%). Crude oil and gasoline prices are falling sharply today on optimism that diplomacy may finally end the Iran war and reopen the Strait of Hormuz. Crude prices remained sharply...

Barchart

Bulletin world briefing: Iran threatens to expand conflict and Xi and Putin meeting ends in warning

Here are five of the biggest stories from around the world today

The Independent UK

UK quietly eases Russian oil sanctions as petrol prices climb to highest since 2022 amid Iran conflict

Britain is recalibrating its approach to Russian oil imports by introducing restrictions on refined products at a measured pace. This strategy, driven by escalating energy market volatility linked to conflicts in the Middle East and climbing fuel prices, seeks to mitigate the risk of abrupt supply shortages.

The Times of India

There Was No Delcy Rodríguez in Iran

The Trump administration thought it was repeating the Venezuelan model in Iran—when it was doing something much more ambitious and risky.

Reason

Xi And Putin Take On U.S.-Israeli Attacks In Iran, Call For An End To The War With 'Utmost Urgency'

Xi Jinping and Vladimir Putin criticized attacks from the U.S. and Israel against Iran and called for an end to the war with the "utmost urgency."

International Business Times

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The Times of India

TACO abroad, boss at home: Trump may be losing against China or Iran, but still controls MAGA

There’s a line to describe Trump’s foreign policy jaunts that’s particularly popular on social media: TACO which stands for Trump Always Chickens Out. And that might be true abroad whether it’s against Iran or China but back home, he remains the ultimate boss. Iran can resist him. Petrol prices can…

We Got This Covered

‘Hottest country in the world’: Donald Trump tries to brag about the economy, accidentally admits how Americans actually feel

Truth finds a way.

The Independent UK

Every state soars above $4 for a gallon of gas as Memorial Day weekend approaches

It’s more than $1.25 on average more expensive for a gallon than the 2025 holiday weekend

The Independent UK

Trump in ‘no hurry’ to end Iran war as Tehran threatens to expand conflict ‘beyond the region’

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The Guardian - UK

US and Israel ‘hoped to install Ahmadinejad as Iran’s leader’

Airstrike at the start of the war was aimed at freeing populist ex-president from house arrest, US newspaper claims

The Times of India

'Do we finish the job?' Donald Trump loses patience over Iran negotiations deadlock

US President Donald Trump has signaled openness to renewed peace talks with Iran, a shift from his previous threats of military action. Saudi Arabia welcomed this diplomatic approach. Iran's chief negotiator, however, warned of retaliation, viewing the US stance as an attempt to reignite conflict.

Barchart

Dollar Erases Early Gains as Crude Prices Fall and Stocks Rally

The dollar index (DXY00 ) fell from a 6-week high today and is down by -0.09%. The dollar gave up an early advance today and moved lower after crude oil prices fell by more than -2%, which lowered inflation expectations and could prompt the Fed to ease monetary policy, a...

The Economic Times

Iran chief negotiator Ghalibaf says US 'seeks to start new war'

Iran's chief negotiator, Mohammad Bagher Ghalibaf, accused the United States of seeking to restart the war and expecting Tehran to surrender. He stated that despite economic and political pressure, the US maintains military objectives and hopes Iran will yield to "excessive demands.

International Business Times UK

Donald Trump Unwittingly Admits Looming Economic Fears At White House Picnic Event

At a White House picnic, Donald Trump praised a 'thriving' US economy before conceding 'people aren't seeing it yet'. His attempt to blame Iran war fallout exposes a growing political risk.

International Business Times

Iran Warns It Will Take The War 'Beyond The Region' If It's Struck Again

The Iranian Revolutionary Guard Corps threatened to take the war beyond the region if it's struck again.

The Independent UK

Who is Mahmoud Ahmadinejad? US and Israel’s pick to lead Iran

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