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The Latest Breaking News from Iran

UK inflation falls to 2.8% – but experts warn far higher price rises on the way

Inflation could hit 5 per cent by the summer, economists forecasts, as the full effects of Iran War take hold

The Independent UK

India prepares to send oil tankers through Hormuz for new supply

India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval…

The Economic Times

Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

Two Chinese oil tankers have passed through the Strait of Hormuz. This follows positive comments from U.S. President Donald Trump and Vice President JD Vance. They suggest a resolution to the U.S.-Israeli conflict with Iran is nearing. Oil prices have eased on these developments. Negotiations with Iran are ongoing, with…

The Economic Times

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Senate Revolt Over Iran War: Trump Rebuked as Republicans Join Bid to Halt Military Action in Iran to End War

The US Senate advanced a resolution to limit President Trump's military actions in Iran, marking a significant bipartisan challenge to his authority and highlighting growing political divisions.

International Business Times UK

Sensex drops 600 points, Nifty below 23,450. 6 key factors behind today's D-St rout

Indian stock markets experienced a sharp downturn on Wednesday, with both Sensex and Nifty declining approximately 0.8%. The Sensex dropped over 600 points to below 74,600, while the Nifty 50 fell more than 190 points to slip under 23,450. This decline was influenced by the rupee's depreciation and other market…

The Economic Times

Silver dips Rs 3,000/kg, gold down Rs 1,100/10g as firm dollar outweighs Iran war peace hopes. What’s next?

Gold and silver prices slipped on MCX Wednesday as rising U.S. Treasury yields and a stronger dollar weighed on bullion despite optimism over a potential US-Iran peace deal. Silver futures for July 2026 fell 1% or Rs 2,889 to Rs 2,67,230/kg, while June 2026 gold futures dropped Rs 1,121 to…

The Economic Times

Four of Trump’s allies break ranks, side with Democrats on vote against Iran war

Four Republicans joined Democrats in advancing a war powers resolution against President Trump's actions in Iran, highlighting congressional concerns over his authority. The symbolic vote underscores a growing divide as lawmakers question the administration's transparency and justification for continued military operations. Despite the measure's limited enforcement power, it signals increasing…

The Times of India

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Oregon voters reject Democrats' gas tax increase as Iran war causes prices to soar

Oregon voters have rejected a gas tax increase passed last year by Democratic lawmakers

AAP

Rupee hits record low near 97 vs USD on oil, US Treasury yield strain

The Indian rupee hit a record low against the dollar as elevated oil prices, driven by stalled U.S.-Iran peace talks, fueled fears of further central bank rate hikes. The currency's decline has been exacerbated by weak capital flows and rising bond yields, raising concerns about India's balance of payments deficit.

The Economic Times

Iran examines new US proposal as Trump says talks are in 'final stages'

Iran on Wednesday said it was examining a new US proposal, transmitted by mediator Pakistan, to end the war in the Middle East even as the two sides continued to trade threats over resuming attacks. Speaking in Washington, US President Donald Trump told reporters that negotiations were in their “final…

France 24

Oregon voters reject Democrats' gas tax increase as Iran war causes gas prices to soar

Oregon voters have rejected a gas tax increase passed last year by Democratic lawmakers

AAP

Did regime change plans in Iran include hardliner who called to 'wipe Israel off the map'?

US and Israel reportedly explored a regime-change plan in Iran, centering on former President Mahmoud Ahmadinejad, after alleged strikes killed top officials and the Supreme Leader. The plan, devised by Mossad, aimed to install Ahmadinejad, despite his hardline past, but collapsed after an Israeli strike on his residence. His current…

The Times of India

Putin claims Russia-China ties at record high during Beijing visit

On Wednesday, Putin said he had held "substantive" talks with Beijing on bilateral cooperation.

Euronews

Iran-US war latest: Trump says Netanyahu will ‘do whatever I want’ after phone call with Israeli PM

President Donald Trump warned ‘another big hit’ if a deal was not reached

The Independent UK

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Bangkok Post

Putin, Xi to underscore alliance strength after Trump visit

BEIJING - Russian President Vladimir Putin meets China's President Xi Jinping in Beijing on Wednesday, seeking to underline their unshakeable alliance in the wake of Donald Trump's visit to the Asian superpower economy.

AAP

FED:Australian shares dip as global bond rout continues

The US-Iran conflict continues to be front-of-mind for traders, as ongoing inflation worries loom large over the investment horizon.

AAP

Shares drop as rising inflation sparks broad sell-off

Miners and banks have weighed heavily after a spike in bond yields hinted at major concerns about resurgent price growth and its impact on the world economy.

MyLifeXP

Why India And UAE Are Building A Hidden Super Corridor

The world is entering one of its most unstable and unpredictable periods in decades. Wars are intensifying across the Middle East, global shipping routes remain under threat, and even a single attack near the Strait of Hormuz can shake fuel prices and economies worldwide within hours. As many nations struggle…

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The Economic Times

Oil Price Today (May 20): Crude oil dips for second day as Trump says Iran war could end ‘very quickly’. Is the worst behind?

Oil prices dipped for a second day as President Trump suggested a swift end to the Iran conflict. However, market caution persists due to ongoing peace negotiation uncertainties and Middle East supply disruptions. Experts warn prices will remain elevated due to potential renewed strikes and slow supply recovery.

The Times of India

'Locked and loaded': JD Vance warns US could restart military campaign if Iran talks fail

US Vice President JD Vance stated that President Trump is pursuing a diplomatic deal with Iran but is prepared to resume military action if nuclear talks fail. Vance emphasized that the administration is negotiating in good faith, making it clear Iran will not be allowed to obtain a nuclear weapon.

The Independent UK

Group behind viral Trump-Epstein monument taunt president with new exhibit near Mar-a-Lago

Designed to be mathematically impossible to win, the retro-style arcade game features an abrupt ‘game over’ sequence if players attempt to hold hands with a digital depiction of the first lady

The Economic Times

Dollar at six-week high on rate-hike bets, Iran war uncertainty

The US dollar remains strong near a six-week peak, driven by inflation fears and the potential for higher interest rates due to the Iran war. This surge is pushing the Japanese yen towards intervention levels. Global bond markets are experiencing a sell-off, with US Treasury yields hitting multi-year highs.

The Economic Times

Oil prices ease after Trump says US will end Iran war 'very quickly'

Oil prices dipped as President Trump suggested a swift end to the Iran conflict, yet market jitters persist. Peace talks face uncertainty, with supply disruptions in the Middle East continuing. Analysts warn of sustained high prices due to potential renewed attacks and slow supply recovery, even if a deal is…

The Economic Times

Gold rises as interest rate fears ease on US-Iran deal optimism

Gold prices saw a slight increase as optimism grew regarding a potential US-Iran peace agreement, easing concerns about prolonged high inflation and interest rates. While US President Trump hinted at further action against Iran, Vice President Vance indicated significant progress in talks. Investors await Fed minutes for monetary policy insights.

The Economic Times

UAE says drone that hit near its nuclear plant was launched from Iraq

The United Arab Emirates said six drones were launched from Iraq towards its territory over the past 48 hours, including one that struck near the Barakah Nuclear Power Plant on Sunday and caused a fire at an external electric generator.

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