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The Latest Breaking News from Iran

Trump’s remarkable military failure shows abject fiasco of his Iran war

ANALYSIS: Sources tell The Independent that at least 60 per cent of Iran’s missiles have survived the Israeli-US attacks while its nuclear facilities remain largely undamaged amid delusion in the White House, reports world affairs editor Sam Kiley

The Independent UK

Starmer sets out plans for ‘stronger and fairer’ UK as he fights to save his job

The King’s Speech set out Sir Keir Starmer’s plans for government as his position as Prime Minister remained in jeopardy.

Evening Standard

Indian rupee hits record low as outflows, oil strain worsen rout

The energy shock from the prolonged U.S.-Iran war ‌that has effectively ⁠shut ⁠the Strait of Hormuz has hurt India's macroeconomic outlook and strained its current account balance. Economists have lowered their growth forecasts, raised inflation projections and warned of sustained pressure on the rupee.

The Economic Times

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Pentagon could rename Iran war as conflict rumbles on

IN FULL

The Independent UK

UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty

Bovis Homes owner’s shares plunge 10.5% after being forced to cut prices as buyers become cautious

The Guardian - UK

India set to scale back Russian oil imports if US waiver lapses

Iran war oil impact: Amidst the ongoing geopolitical turmoil, Indian oil refiners face a critical moment as the expiration of a US waiver looms this weekend. With the war affecting supplies from the Persian Gulf, India has lately seen a surge in Russian oil imports.

The Economic Times

Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil dips as markets watch Iran ceasefire, Trump-Xi China summit and Strait of Hormuz risks

Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil slipped after a three-day rise while gas stayed stable as markets tracked Iran ceasefire risks and the Trump-Xi China summit.…

The Economic Times

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India, Iran hold talks on "bilateral and regional issues"

India hosts the BRICS Foreign Ministers' Meeting soon. Iran's Foreign Minister Seyed Abbas Araghchi will attend. This follows a meeting between Iran's Deputy Foreign Minister Kazem Gharibabadi and MEA Secretary Sibi George. Discussions covered bilateral and regional matters. Iran seeks enhanced BRICS cooperation amid West Asia turmoil. India leads BRICS…

The Economic Times

Why Trump’s Pentagon wants to rebrand the Iran war

From the Trump administration’s point of view, renaming the military operation would restart a 60-day clock that requires congressional approval for war, one official said

The Independent UK

Trump shrugs off rising inflation as war deepens economic spiral

The bottom is falling out on Trump's signature issue.

Axios

The £6bn bond yields drama unfolding behind the headlines

UK 10-year gilts have risen by more than those issued by other advanced economies since the start of the Iran war

The Independent UK

Australia’s Gold Coast abandons plans to build ‘toxic’ new Trump tower

Developer blamed ‘toxic’ Trump brand and Iran war for the project’s collapse

The Independent UK

Trump’s war has barely weakened Iran’s military, with missile power still largely intact, allies warn

The Pentagon announced on Tuesday that 10 weeks of war has cost the US $29bn

The Independent UK

Iran war briefing: Tehran restores most missile sites as Trump accuses US media of ‘virtual treason’

IN FULL

The Independent UK

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The Economic Times

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International Energy Agency reports significant supply losses and a projected deficit of 1.78 million barrels per day by 2026. Demand is also expected to decline due to price…

Fortune

Encrypted texts reveal how Nvidia chips and U.S. tech are being smuggled to China and Russia

American-made tech components are being illegally smuggled to Russia, Iran, and China and lawmakers fear it could give them a battlefield edge.

The Economic Times

Geopolitical tensions keep markets nervous despite strong earnings: Dipan Mehta

Geopolitical tensions, particularly the Iran crisis, are overshadowing strong corporate earnings, according to Dipan Mehta. While India Inc. shows resilience with encouraging results from auto, NBFC, and FMCG sectors, investors remain cautious. Mehta advises selectively accumulating quality businesses available at reasonable valuations amidst this uncertainty, highlighting potential in tech, auto…

The Times of India

US announces $15 million bounty targeting Iran army funding mechanisms

The US State Department is offering up to $15 million for information on financial networks linked to Iran's IRGC, targeting its illicit oil trade. This move, part of expanded sanctions, aims to disrupt funding for proxy groups and regional aggression. The US also sanctioned a network involved in selling Iranian…

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The Economic Times

US State Department offers $15 million bounty for insights on Iran's IRGC funding networks

The US Department of State has announced a reward of up to USD 15 million for key intel that could turn the tide against Iran's Islamic Revolutionary Guard Corps. This strategic initiative focuses on choking off their illicit oil operations and funding channels. Allegations suggest these funds back terrorism and…

Evening Standard

Tui says summer bookings down as Iran war and Jamaica hurricanes hurt profits

Europe’s largest travel operator is one of several firms to be impacted by the conflict in the Middle East, which began at the end of February.

The Times of India

China calls on Pakistan to strengthen diplomatic efforts in Iran–US dialogue

China on Tuesday urged Pakistan to intensify its diplomatic mediation efforts in facilitating dialogue between Iran and the United States, as tensions around the Strait of Hormuz continue to raise economic concerns.

The Independent UK

Trump heads to China for Iran war talks with Xi

IN FULL

The Economic Times

Fire or ice: Why a ceasefire in the Gulf cannot hold

As the specter of renewed conflict between the US and Iran looms, the Strait of Hormuz stands at the center of this brewing storm. A fresh clash could erupt, either plunging the world into a major wartime scenario or extending a tense cold war. The repercussions could be drastic, disrupting…

Euronews

Trump arrives in Beijing for high-stakes summit with Xi

This week's trip, the first since Trump visited Beijing in 2017, will involve highly anticipated talks with Xi on Thursday and Friday.

The Economic Times

Trump vows to push Xi to 'open up' China at superpower summit

President Donald Trump travels to Beijing for talks with President Xi Jinping. He promises persuading China to open up to American businesses and addressing trade disputes. Discussions will also cover Taiwan and the ongoing situation in Iran. Top CEOs are accompanying Trump, highlighting the economic focus of this significant visit.

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