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The Latest Breaking News from Iran

Dollar Slides on Weak US Economic News and US-Iran Peace Hopes

The dollar index (DXY00 ) on Thursday fell from a 7-week high and finished down -0.18%. The dollar gave up early gains and turned lower today on weaker-than-expected US economic news that is dovish for Fed policy. Weekly jobless claims rose more than expected, Apr capital goods new orders nondefense...

Barchart

Any deal with Iran is ‘going to be president’s decision’ – Scott Bessent

The sign of progress came as the fragile truce in the three-month conflict was shaken after the US and Iran traded fresh strikes

Evening Standard

Crude Oil Prices Rise as US-Iran Peace Deal Not Yet Realized

July WTI crude oil (CLN26 ) on Thursday closed up +0.22 (+0.25%), and July RBOB gasoline (RBN26 ) closed up +0.0339 (+1.11%). Crude oil and gasoline prices recovered from early losses on Thursday and settled higher after US forces struck Iranian military targets for the second time this week and...

Barchart

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AAP Rolling News Bulletin May 29, 0530

AAP Rolling News Bulletin for May 29 at 0530

AAP

Traders Betting On a Quick Resolution Of The Iran War Could Be Badly Burned, Report Warns

Analysts say the conflict involving Iran and the United States has added a persistent risk premium to oil markets amid continued instability in the Middle East.

International Business Times

Dire strait? Trump’s bid to end Iran war before midterms risks Republican anger

Trump administration in a bind as it faces mounting economic costs ahead of midterms from Iran war

The Guardian - US

AAP Rolling News Bulletin May 29, 0500

AAP Rolling News Bulletin for May 29 at 0500

AAP

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Why are gold and silver prices up today, and will precious metals continue to rise or fall again? Gold rebounds after Iran-US ceasefire extension talks

Why are gold and silver prices up today, and will precious metals continue to rise or fall again? Gold and silver prices moved higher after the US dollar and oil prices weakened following reports about a ceasefire extension understanding between the United States and Iran. Gold rebounded from a two-month…

The Economic Times

AAP Rolling News Bulletin May 29, 0430

AAP Rolling News Bulletin for May 29 at 0430

AAP

US, Iran engage in tit-for-tat attacks

Iran and the US engaged in tit-for-tat clashes this Thursday. Tehran said it fired on an American army base in the region, while the US claimed it had struck Iran’s Bandar Abbas port. Later in the day, Axios reported that Washington and Tehran had reached an agreement to extend their…

France 24

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Ceasefire report and US stockpile data impact crude market

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved lower after reports claimed the United States and Iran reached a ceasefire extension agreement. Brent crude and US WTI crude futures also reacted to lower-than-expected US crude…

The Economic Times

US and Iran reach tentative deal, pending Trump's approval

The US and Iran have agreed to extend the ceasefire by 60 days to make space for further negotiations to end the war but Trump still has to approve the deal, reports said Thursday, citing US officials familiar with the matter.

Euronews

AAP Rolling News Bulletin May 29, 0400

AAP Rolling News Bulletin for May 29 at 0400

AAP

The Guardian view on energy shocks: winter is coming – and Labour needs a plan

Editorial: Clean power remains essential. But until it arrives, Britain must stop LNG made scarce by the Iran war setting gas and electricity prices

The Guardian - UK

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AAP

AAP Rolling News Bulletin May 29, 0330

AAP Rolling News Bulletin for May 29 at 0330

AAP

Iran, US reach deal to extend ceasefire 60 days: report

US and Iranian negotiators have reportedly reached a tentative agreement to extend a ceasefire by 60 days and launch talks on Iran's nuclear program.

AAP

EU envoy seeks more vessels to secure Hormuz navigation once the war in Iran ends

The European Union's foreign policy chief says securing freedom of navigation through the Strait of Hormuz after the Iran war ends will require more ships

The Independent UK

US and Iran reach peace deal pending Trump approval: officials

The agreement, if approved, would reopen the Strait of Hormuz and set up talks over the disposal of Iran’s highly enriched uranium

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LiveScience

A single day of attacks on Iranian oil refineries released as much sulfur dioxide as a volcanic eruption

Fires from March 7 airstrikes created a sulfur dioxide plume spanning 185,000 square miles.

AAP

US and Iranian negotiators reach tentative deal to extend ceasefire and launch nuclear talks

U.S. and Iranian negotiators have reached a tentative agreement to extend the ceasefire by 60 days and launch talks on Iran's nuclear program

Barchart

Crude Oil Prices Supported as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) today is up +0.37 (+0.42%), and July RBOB gasoline (RBN26 ) is up +0.0168 (+0.55%). Crude oil and gasoline prices recovered from early losses and moved higher today after US forces struck Iranian military targets for the second time this week and Kuwait said...

The Economic Times

Bigger proportion of non-Iran ships crossing Hormuz strait: Data

The proportion of vessels not linked to Iranian ownership that are transiting the key Strait of Hormuz has risen, according to data from maritime firm Lloyd's List Intelligence shared Thursday. Adding to the uncertainty, Iranian forces have fired at four ships attempting to cross the Strait of Hormuz without authorisation,…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

Evening Standard

FTSE 100 slumps as US strikes test peace optimism

The FTSE 100 closed down 79.05 points, or 0.8%, at 10,425.96.

The Guardian - US

US inflation rose at fastest pace in three years in April as Iran war hikes up prices

Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms

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