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The Latest Breaking News from Iran

The S&P 500 Index ($SPX ) (SPY ) today is unchanged, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.10%. June E-mini S&P futures (ESM26 ) are down -0.02%, and June E-mini Nasdaq futures (NQM26...

Barchart

Reform UK bus and taxi the only vehicles at Jenrick’s ‘national fuel protest’ as march called off

Billed as ‘national fuel protest’, the demonstration was shared on senior Reform UK members’ social media

The Independent UK

UK Issues Grim Warning: Economic Impact of Iran War Expected to Last Through Christmas 2026

UK households are warned of rising energy, food, and flight costs due to the Iran war, with economic impacts expected to last until Christmas 2026.

International Business Times UK

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Pete Hegseth Faces GOP Revolt as Senators Warn of 'Hollowing Out' at Pentagon

Senate Republicans are turning on Defence Secretary Pete Hegseth, accusing him of hollowing out top military ranks and mishandling senior personnel changes at the Pentagon.

International Business Times UK

Shots Fired

Plus: White House Correspondents' Association attacker was angry about strikes on Venezuelan boats and Iranian schools, another airline bailout could be coming, and more...

Reason

UK Prices Could Stay High After Iran Conflict, Minister Says – Why Inflation Won't Fall Quickly

The UK government warns that prices will remain high for months due to the Iran conflict, affecting energy, food, and transport costs. Economic impacts could last eight-plus months post-conflict.

International Business Times UK

How freak weather and an old-fashioned grid exacerbate energy insecurity

The Iran crisis is reshaping how the world produces, uses and secures energy. This is no temporary shock. It has become a structural stress test of energy systems, industrial production and government strategy.

The Conversation

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Trump’s blindness to Iran and Russia’s military collaboration is staggering

COMMENT: Trump appears unbothered as Russia embraces Iran in a very public relationship that should enrage the US president, writes world affairs editor Sam Kiley

The Independent UK

Friedrich Merz says Iran is ‘humiliating’ the US in stunning rebuke as talks stall

IN FULL

The Independent UK

Could the Strait of Malacca be the next global flashpoint?

While recent global attention has focused on the Strait of Hormuz, which Iran has effectively held closed since late February in a move that has disrupted world energy supplies, a quieter but also important development has been taking shape in south-east Asia.

The Conversation

Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields

Oil is off peak prices as tensions over the Iran war have subsided. As a result, oil stocks such as Chevron Corp. have dropped. But put option premiums remain high, making them attractive to short-sellers.

Barchart

Pakistan lifts central Islamabad lockdown as prospects dim for US-Iran talks

Move signals lack of immediate plan for direct talks despite Iranian foreign minister’s visit to Pakistani capital city over weekend

The Independent UK

Go back to England, Argentina’s vice president tells Falkland Islands residents

A leaked Pentagon memo suggested the US could review position on Britain’s claim of the territory

The Independent UK

Iran Reportedly Sends U.S. a New Proposal To End The War And Open The Strait Of Hormuz

Iran has sent the U.S. a new proposal to end the war and reopen the Strait of Hormuz after the weekend failed to produce any progress in negotiations, according to a new report.

International Business Times

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The Independent UK

Households fork out £3,400 more for bills in five years due to war impact on energy prices

Ofgem will announce on 27 May the price cap for the three months covering 1 July to 30 September

MarketBeat

3 European Bank Stocks Nearing New 52-Week Highs

UBS, Banco Santander, and Erste Group are rebounding toward 52-week highs after war-related selloffs, with all three reporting Q1 2026 earnings on April 29.

The Independent UK

Strait of Hormuz crossings rebound after days of disruption

IN FULL

Evening Standard

Starmer to chair ministerial meeting focused on economic impact of Iran war

The Middle East Response Committee will meet on Tuesday.

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The Guardian - UK

First Thing: White House correspondents’ dinner suspect to be charged as motive examined

Manifesto reportedly written by suspect had Trump administration officials at top of list. Plus, the world’s first marathon run in under two hours

Euronews

Trump holds talks with senior security team and makes US red lines 'very, very clear'

Meanwhile, Tehran has blamed the US for the failure of talks after Trump decided against sending a negotiating team to Pakistan at the weekend.

The Independent UK

Warning price hikes sparked by Iran war will remain for months

IN FULL

The Independent UK

Iran proposes new peace deal that would see Strait of Hormuz reopened

IN FULL

The Independent UK

Strait of Hormuz traffic showing early signs of recovery but analysts say crisis far from over

Vessel crossings rebound over the weekend but analysts warn increased movement has not yet translated into a surge in oil and gas flows as the war continues

Euronews

Mystery deepens over Mojtaba Khamenei's condition after Iran unveils ‘martyr’ mural

A viral mural showing the Islamic Republic's new ayatollah among dead Iranian leaders has deepened speculation he was killed or gravely wounded in the 28 February strikes on Tehran.

The Guardian - US

Why is the US media silent about Israel’s role in Trump’s decision to go to war?

I suspect the main reason they avoid criticising Israel is that they believe that would be antisemitic. But this is both dangerous and wrong

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