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The Latest Breaking News from Iran

Iran set for crunch talks with Gianni Infantino over World Cup 2026

IN FULL

The Independent UK

Maersk hikes shipping prices to offset cost hit from Iran war

Chief executive Vincent Clerc said the closure of the Strait of Hormuz could start impacting global trade and consumer demand.

Evening Standard

What's at stake at the Trump-Xi summit

President Donald Trump will meet President Xi Jinping in Beijing next week. The leaders aim to ease tensions over trade, Taiwan, and the Iran war. Discussions will cover trade deals, technology, and rare earths. The Iran conflict and Taiwan's status are also key agenda items. Minor trade agreements are anticipated.

The Economic Times

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US and Iran ‘closer than ever’ to peace deal – here’s what stands in the way

IN FULL

The Independent UK

22k gold rate today: Check 24k, 22k, 18k gold prices (May 7, 2026) on Malabar Gold & Diamonds, Joyalukkas, Tanishq, Kalyan Jewellers, IBJA

Gold and silver prices surged on Thursday, May 7, 2026, driven by easing global inflation concerns and positive diplomatic signals between the US and Iran. This de-escalation prospect led to a significant rally in both precious metals, with gold and silver rising 3% and 6% respectively.

The Economic Times

JD Sports says Iran war and youth unemployment to hit consumer spending

Retail group with 4,800 stores worldwide expects drop in profits this year amid ‘muted market’

The Guardian - UK

Vance’s close ties to Trump’s agenda could be his political undoing in 2028, strategists warn

Vice president may find himself facing ‘the Kamala Harris problem,’ conservatives caution

The Independent UK

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UAE says air defences engaging with Iranian attacks – as it happened

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The Guardian - UK

Warning ‘dramatic’ rise in food prices ahead as farmers feel the squeeze from Iran war

Fertiliser costs ‘problem for the world’, warns farming group controlled by Duke of Westminster

The Independent UK

Saudi Arabia forced Trump to pause Project Freedom after suspending US access to bases and airspace: report

The scheme is said to have angered Saudi leadership who were not consulted in advance

The Independent UK

Iran could strangle Strait in future crisis, ex-Trump envoy warns

After more than two months of war between the US and Iran, a deal appears in sight to end hostilities and reopen the Strait of Hormuz, one of the world's vital shipping routes. However, former Trump official Kurt Volker says the conflict has effectively handed control of the Strait to…

Euronews

Is Cuba next? US warns Havana is ‘a national security threat’ as Trump ramps up pressure

Marco Rubio said the likelihood of a diplomatic resolution is ‘not high’ given the current leadership

The Independent UK

Shell under fire over ‘outrageous’ profits after boost from soaring oil prices

Campaigners took aim at the group over its profits at a time when households and businesses are suffering from painful price rises.

Evening Standard

AirAsia bets big on efficiency with order for 150 Airbus A220 jets listed for $19 billion

Budget airline AirAsia has announced an order for 150 Airbus A220-300 jets, valued at about $19 billion at list prices

The Independent UK

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The Guardian - UK

Vatican stresses need for peace as Rubio meets pope amid strained relations

US secretary of state speaks with Leo and officials after tensions following attacks by Trump over Iran war

The Independent UK

Iran war briefing: Tehran mulls US peace plan after Israel attacks Lebanon

IN FULL

International Business Times UK

Laura Loomer Claims FBI Warned Her of Iranian Assassination Plot as US-Iran Cyber War Intensifies

Laura Loomer says the FBI informed her she is being targeted by Iran, raising fresh questions about how far Tehran's cyber and physical operations now reach beyond government officials.

The Independent UK

JD Sports warns Iran war could push up price rises

The retail chain closed 24 stores, on a net basis, in the UK over the past year

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news in one place.

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The Guardian - UK

Financial stability risks are rising as AI fuels cyber-attacks, IMF warns; oil below $100 on Iran peace hopes – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Shell profits rocket above £5bn for three months amid surging oil prices due to Iran war

The oil giant reported a 24% rise in underlying earnings to 6.92 billion US dollars (£5.09 billion)

Evening Standard

Shell profits soar amid surging oil prices because of Iran war

The oil giant reported a 24% rise in underlying earnings to 6.92 billion US dollars (£5.09 billion).

The Guardian - UK

Climate campaigners attack Shell over ‘windfall’ profits from Iran war

Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

International Business Times UK

Iran Two Weeks Away': Trump Sparks Outrage By Discussing War Threats In Front Of Kids

President Trump sparked controversy by discussing Iran's nuclear threat with schoolchildren, claiming Iran was close to developing a nuclear weapon. The remarks drew criticism for being inappropriate

Euronews

Oil drops below $100 while markets rise as US and Iran near a deal

Brent crude has fallen below $100 a barrel while Asian markets reached new all-time highs and European stocks rose at the open on reports that the US and Iran are nearing a deal for the gradual reopening of the Strait of Hormuz.

The Economic Times

Seth R Freeman on why global markets continue to climb amid West Asia conflict

Global markets are ignoring geopolitical tensions, focusing instead on robust corporate earnings and the excitement around artificial intelligence. Investor sentiment is positive on Wall Street and in parts of Asia. Strong financial sector performance and gains in technology companies are driving this optimism. This trend suggests a market prioritizing growth…

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