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The Latest Breaking News from Iran

Asian shares are mostly higher on hopes for a winding down of the Iran war

Asian shares are mostly higher on expectations of a deal between the U.S. and Iran to extend their ceasefire in their war by 60 days

AAP

Oil prices dip as tentative US-Iran deal awaits Trump’s final approval

Analysts warned that any potential ceasefire extension should be viewed cautiously

The Independent UK

AAP Rolling News Bulletin May 29, 1330

AAP Rolling News Bulletin for May 29 at 1330

AAP

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'Very close': JD Vance says US nears agreement on Strait of Hormuz, Iran nuclear setback

US Vice President JD Vance said Washington is "very close" to achieving a broader strategic agreement in West Asia, asserting that recent US actions will reopen the Strait of Hormuz, weaken Iran's conventional military capabilities, and position the United States to significantly delay Tehran's nuclear programme.

The Economic Times

Early heatwaves and Iran war create perfect storm for energy shortages

IN FOCUS: Soaring temperatures across Asia are driving up energy demand just as the US-Israeli war against Iran squeezes supplies. Stuti Mishra reports

The Independent UK

NZ and Iran in World Cup limbo with LA story about more than football

Uncertainty has clouded the All Whites and Team Melli’s group stage opener to be held in Los Angeles on 15 June

The Guardian - AU

AAP Rolling News Bulletin May 29, 1300

AAP Rolling News Bulletin for May 29 at 1300

AAP

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FED:Aussie shares rebound on tentative ceasefire deal

Mining stocks are leading a rebound on the local exchange as markets whipsaw on reports of conflict and ongoing negotiations between the US and Iran.

AAP

Deal hopes help Aussie shares end rocky week in front

An expected ceasefire extension between the US and Iran has breathed life into Australia's stock exchange, with the conflict verging on its fourth month.

AAP

British Couple Jailed in Iran Begin Starvation Protest After Claims UK 'Can Do Nothing'

British couple Lindsay and Craig Foreman are on a hunger strike in Iran's Evin Prison, protesting their detention. MPs and campaigners urge the UK government to take stronger action for their release.

International Business Times UK

AAP Rolling News Bulletin May 29, 1230

AAP Rolling News Bulletin for May 29 at 1230

AAP

Why Donald Trump’s latest plan for peace is a non-starter

Sooner or later in every armed conflict, someone will trot out the well-worn aphorism that “Truth is the first casualty of war.” And certainly, in the Iran war truth beat a hasty retreat as soon as the US and Israel launched their attacks on Iran and Lebanon on February 28.

The Conversation

Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

Oil prices saw a slight dip on Friday. Hopes for a U.S. and Iran ceasefire extension are influencing the market. U.S. Vice President JD Vance indicated progress but noted unresolved issues. Geopolitical tensions remain high. Analysts suggest a prolonged Strait of Hormuz closure could impact global oil markets significantly.

The Economic Times

Trump's room to maneuver narrows as US, Iran close in on framework deal

President Trump faces a strategic dilemma as a potential framework deal with Iran emerges, aiming to extend a ceasefire and reopen the Strait of Hormuz. This interim agreement, however, risks backlash from party hawks concerned about Iran's nuclear program, while deferring key discussions on its nuclear ambitions.

The Economic Times

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The Economic Times

Gold edges higher as investors weigh US-Iran ceasefire deal reports, Fed rate outlook

Gold prices edged higher as investors weighed a potential U.S.-Iran ceasefire deal against persistent inflation concerns and the prospect of prolonged U.S. interest rate hikes. Despite earlier dips, gold futures saw a modest increase, reflecting ongoing market uncertainty. Other precious metals also experienced gains.

The Economic Times

Dollar heads for weekly loss on reports of US-Iran ceasefire deal

The dollar weakened against major currencies as reports indicated a potential U.S.-Iran agreement to extend a Middle East ceasefire and lift Strait of Hormuz shipping restrictions. This development, pending presidential approval, led to falling oil prices and reduced demand for the safe-haven dollar, with the euro and pound seeing modest…

The Economic Times

Oil falls slightly on reports of potential US-Iran ceasefire deal

Oil prices saw a slight dip amid hopes for a U.S.-Iran ceasefire extension. Vice President JD Vance indicated progress but stated a deal is not yet finalized. This news has kept oil prices from falling further. Discussions are ongoing regarding Iran's nuclear program and uranium stockpiles. The Strait of Hormuz…

AAP

AAP Rolling News Bulletin May 29, 1200

AAP Rolling News Bulletin for May 29 at 1200

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France 24

Trump’s meeting on Iran peace deal has ended, White House official says

US President Donald Trump on Friday finished a meeting in the high-security White House Situation Room during which he said would make a "final determination" on an Iran peace deal, a White House official told AFP. The official did not say if the president had reached a decision. Read our…

The Economic Times

US-Iran truce deal awaits Trump as strikes test ceasefire

US and Iranian negotiators edged toward a deal to extend their fragile ceasefire for 60 days, but the potential breakthrough was still hanging on President Donald Trump'on Thursday. Late on Thursday, US Vice President JD Vance told reporters that Trump was not yet ready to approve it, even though negotiations…

AAP

AAP Rolling News Bulletin May 29, 1130

AAP Rolling News Bulletin for May 29 at 1130

The Economic Times

Global Market Today: Asian stocks rise on US-Iran truce deal, oil drops

Asian markets saw gains as oil prices fell following a tentative US-Iran ceasefire extension. This development eased concerns about energy flow disruptions. Optimism surrounding artificial intelligence also boosted stock markets. However, rising inflation and a cooling economy present challenges for investors. The Federal Reserve's flexibility is limited by persistent price…

AAP

AAP Rolling News Bulletin May 29, 1100

AAP Rolling News Bulletin for May 29 at 1100

The Economic Times

GIFT Nifty signals muted start for Dalal Street amid cautious trade

Indian markets traded flat on Wednesday, influenced by derivatives expiry and geopolitical tensions. Analysts suggest a cautious recovery hinges on stable crude oil prices and receding energy supply concerns. However, renewed US-Iran tensions and military strikes have revived geopolitical risk premiums, narrowing the path for further gains.

AAP

AAP Rolling News Bulletin May 29, 1030

AAP Rolling News Bulletin for May 29 at 1030

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