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The Latest Breaking News from Iran

A timeline of Trump and Pope Leo’s escalating feud over Iran war

A feud has escalated between Donald Trump and Pope Leo XIV over the war in Iran.

The Independent UK

How much will Iran lose? The cost of Trump’s Hormuz blockade

Following failed talks, the US has imposed a blockade on Iranian ports in the Strait of Hormuz, potentially costing Iran $435 million daily in economic damage, primarily from lost oil and petrochemical exports. This move, aimed at pressuring Iran, could also impact China's energy imports and requires significant US naval…

The Times of India

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair

The Guardian - UK

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Watch sanctioned ship pass through Strait of Hormuz after US blockade

Live tracking footage from MarineTraffic shows vessels flowing through the Strait of Hormuz before the Iran war began, and what the Strait looked like both after the ceasefire announcement and following the US-enforced maritime blockade.

The Independent UK

Efforts underway for second round of US-Iran talks as US blockade takes effect

The standoff between the United States and Iran is deepening as the U.S. has declared it has blockaded the Strait of Hormuz, Iran has threatened to strike targets across the region, and Pakistan says it is racing to bring the sides together for more talks

The Independent UK

'The largest energy security threat in history' is about to push oil prices further up, IEA warns

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

Euronews

BP sees ‘exceptional’ oil trading result as Iran war sends crude costs soaring

Oil prices have surged higher since the US-Israel war on Iran started and are now more than 60% up so far this year.

The Independent UK

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Newsletter: Magyar sets stall amid hope for renewed EU-Hungary ties in Brussels

Also in this newsletter: The President of the European Bank for Reconstruction and Development (EBRD) warns of a deeper economic shock should the war on Iran drag out.

Euronews

Stock markets gain and oil falls on hopes of renewed US-Iran talks

European markets opened higher on Tuesday morning, tracking Asian and Wall Street gains, as oil prices fell on expectations that a possible second round of talks between the US and Iran would end the Iran war.

Euronews

UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened

International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025

The Guardian - UK

Islamabad or not? US–Iran talks inch toward second round after first failed; 5 things we know

The United States and Iran appear to be edging towards a second round of high-stakes negotiations, even after a marathon session in Islamabad failed to produce a breakthrough. Officials from Washington, Tehran and regional intermediaries suggest that while deep differences remain, neither side considers the process over.

The Times of India

Iran committing 'economic terrorism' says JD Vance as US-sanctioned tanker passes through Strait of Hormuz despite blockade

‘If the Iranians are going try to engage in economic terrorism, we’re going to abide by a simple principle that no Iranian ships are getting out either’ - JD Vance

Evening Standard

War in Iran intensifies a time of uncertainty for makers of the ultimate in bling, luxury watches

The annual luxury watch fair “Watches and Wonders” opens this week with the Mideast war casting new doubt over an industry that had been looking to rebound from tariff turmoil and a contracting market over the last two years

The Independent UK

Xi and Sánchez say China and Spain should help safeguard multilateralism

The leaders of China and Spain on Tuesday have pledged to strengthen their relations and work to safeguard multilateralism at a time when the world is being impacted by various conflicts, including the recent war in Iran

The Independent UK

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The Guardian - UK

Holidays take a hit as UK cost of living fears and Iran war bite

Consumer spending on travel is down for the first time in five years while card spending edges up in March

The Independent UK

Asian stocks gain and oil falls on hopes of renewed US-Iran talks

Asian stocks are trading higher, tracking Wall Street gains and oil prices fall as expectations rise again over a second round of talks on an end to the Iran war, which is now in its seventh week

The Times of India

20-year pause of Iran uranium enrichment & Tehran's counter: How US–Iran talks collapsed at the last mile

Peace talks between the US and Iran have stalled over uranium enrichment curbs, with Washington proposing a 20-year freeze and Tehran offering five years. Disagreements also arose regarding the scope of a potential deal, including Hormuz and sanctions relief, despite initial hopes for a breakthrough.

The Times of India

Trump vows to hit Iran ships as US begins strait blockade

WASHINGTON : The US military said it would begin enforcing President Donald Trump-announced blockade of the Hormuz Strait at 10am EST on Monday (7.30pm IST), while clarifying that the embargo will only apply to vessels entering or departing Iranian ports and not other Gulf entrepôts. Iran responded by saying “no…

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The Independent UK

Iran-US war latest: Trump says war is close to over as US claims ‘maritime superiority’ in Middle East

JD Vance said Trump ‘wants to make the grand bargain’ with Iran after peace talks failed over the weekend

The Guardian - UK

Iran tries to cosy up to Europe to increase pressure on US

Regime hopes to capitalise on deepening transatlantic split by briefing previously sidelined European countries

The Guardian - UK

On the streets of Dublin I met fuel protesters and the people who support them – yet our leaders still don’t get it

The Iran energy shock has exposed the country’s reliance on fossil fuels – and its wilful neglect of people’s basic needs, says journalist Caelainn Hogan

The Independent UK

Trump rants against ‘The Failing New York Times’ over Iran coverage following its feature questioning his mental health

The mercurial president did not directly mention mental health, but has previously called NYT ‘seditious’ for questioning his physical condition

Euronews

Trump says US military blockaded Iranian ports to ramp up pressure on Tehran

The US blockade comes in an attempt to economically pressure Iran to reopen the Strait of Hormuz to maritime traffic after its six-week closure caused global oil prices to surge. Roughly 40 vessels have passed through since the start of the ceasefire, down from 100 or more per day before…

The Times of India

‘Stick to matters of morality’: JD Vance tells Vatican to stay out of US politics amid Trump–Pope row

US Vice President JD Vance asked the Vatican on Monday to "stick to matters of morality" amid an escalating public clash between President Donald Trump and Pope Leo XIV over the Iran war.

The Independent UK

China’s exports grew 2.5% in March, slowing significantly as Iran war raises uncertainty

China’s exports grew 2.5% in March from a year ago, significantly slowing from the previous two months as uncertainties rose from the Iran war and its impact on energy prices and global demand

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